# PDD Holdings share price today (PDD Holdings Inc., PDD)

> PDD Holdings Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. PDD · Consumer Discretionary · Internet Retail · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/pdd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $80.17 (−40.6% in a year)
- P/E: 8.8×, against its own history
- Revenue (Jun 2026): CNY 112 B (+8.1% on a year ago)
- Profit (Jun 2026): CNY 27.2 B (−11.6% on a year ago)
- Operating margin: 24.7% (−0.1 points on a year ago)
- ROE: 24%, FY25
- ROIC: 14.9%, against a 3.8% cost of capital: +11.1 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the PDD Holdings share price today? PDD Holdings Inc.'s share price was $80.17 at the close on 3 November 2026. It has been falling for 24 weeks. That is 11.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $75 and $136, and at that close it sat 8% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 51 weeks running. Over the last 8.3 years the share price moved +226% while the S&P 500 moved +168%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 14 November 2025. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does PDD Holdings pay? PDD Holdings Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is PDD Holdings on? PDD Holdings is on one of our US lists: Nasdaq 100 companies. [Nasdaq 100 companies](https://www.sectoralpha.in/nasdaq-100-stocks)

## Is PDD Holdings profitable? PDD Holdings Inc. earned CNY 27.2 B of net profit in the Jun 2026 quarter, −11.6% on the same quarter a year earlier. Full-year FY25 profit was CNY 97.8 B. Over 4 years profit has grown 88.4% a year on average. That is 24.2% of the quarter's revenue. The same quarter a year earlier earned CNY 30.8 B. For the full year, FY25 profit was CNY 97.8 B (−13.0% on the year before). Why profit moved: revenue changed +8.1% on a year earlier and the margin moved −0.1 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −6.3% and revenue +10.0%. Profit is growing slower than sales: rising costs are taking part of the growth. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much revenue does PDD Holdings make, and is it growing? PDD Holdings Inc. reported CNY 112 B of revenue in the Jun 2026 quarter, +8.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 46.4% a year on average. The last full year, FY25, came in at CNY 432 B. The last four reported quarters add to CNY 451 B. FY25 revenue was CNY 432 B, +9.7% on the year before. Recent pace: the last four quarters grew +10.0% on average, against 46.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +10.0%, against +14.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −6.0%, against −3.5% a year (stabilising). This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much of its sales does PDD Holdings keep? PDD Holdings Inc.'s operating margin was 24.7% in the Jun 2026 quarter, 0.1 percentage points lower than the same quarter a year ago. Across 5 years it has been between 7.3% and 27.5%. The latest quarter is within that range. Why the margin moved: operating margin changed −0.1 percentage points on the year while gross margin changed +1.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is PDD Holdings' profit turning into cash? Over the last 3 years, 120% of PDD Holdings Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in CNY 107 B of operating cash against CNY 97.8 B of profit. After CNY 1.1 B of spending on assets, CNY 106 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## Where does PDD Holdings' cash go? PDD Holdings Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent CNY 2.7 B on assets over the last 3 years. Averaged over those years that is 0.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: CNY 2.7 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is PDD Holdings' P/E ratio, and how does it compare with its own history? PDD Holdings Inc.'s P/E is 8.8×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the PDD Holdings business getting better or worse? PDD Holdings Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 24.2%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does PDD Holdings earn on its capital? PDD Holdings Inc. earned a ROE of 24% in FY25. That is up from a low of 10% in FY21. Its return on capital used (ROIC) is 11.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 22.7% net margin and 0.69× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 22.7% net margin × 0.69× asset turnover × 1.52× leverage (assets divided by equity) ≈ 23.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 14.9% − 3.8% = +11.1 percentage points. The 3.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. ## Does PDD Holdings have too much debt? PDD Holdings Inc. has total debt of CNY 4.8 B against shareholder equity of CNY 448 B as of Jun 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.17 in FY21 to 0.01 in FY25. So the returns on this page come from the business, not from borrowed money. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is the PDD Holdings shareholding pattern? We have no ownership or short-position figures for PDD Holdings Inc., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 5.4 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is PDD Holdings from balance-sheet trouble? For PDD Holdings Inc., the Z-score is 5.53. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 5.53 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does PDD Holdings rank in its industry? There is no score against its industry: PDD Holdings Inc. is not among the largest members shown in this industry comparison for Internet Retail. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is PDD Holdings compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to PDD Holdings in size? PDD Holdings is the 3rd largest of 24 Internet Retail companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Amazon.com, Inc. and Alibaba Group Holding. Just below it: MercadoLibre, Inc., DoorDash, Inc., eBay Inc. and Sea. ### Internet Retail companies close in size

1. [Amazon.com, Inc.](https://www.sectoralpha.in/us/stocks/amzn) $2.71 trillion
2. [Alibaba Group Holding Limited](https://www.sectoralpha.in/us/stocks/baba) $249.5 billion
3. PDD Holdings Inc. $114.1 billion
4. [MercadoLibre, Inc.](https://www.sectoralpha.in/us/stocks/meli) $84.3 billion
5. [DoorDash, Inc.](https://www.sectoralpha.in/us/stocks/dash) $79.9 billion
6. [eBay Inc.](https://www.sectoralpha.in/us/stocks/ebay) $52.1 billion
7. [Sea Limited](https://www.sectoralpha.in/us/stocks/se) $47 billion

[All 24 Internet Retail companies, largest first](https://www.sectoralpha.in/us/sectors/internet-retail#all-companies)

### Companies close in size in other industries

1. [HDFC Bank Limited](https://www.sectoralpha.in/us/stocks/hdb) $116.8 billion · Banks - Regional
2. [McKesson Corporation](https://www.sectoralpha.in/us/stocks/mck) $116.4 billion · Medical Distribution
3. PDD Holdings Inc. $116.3 billion
4. [Mizuho Financial Group, Inc.](https://www.sectoralpha.in/us/stocks/mfg) $116.1 billion · Banks - Regional
5. [Booking Holdings Inc.](https://www.sectoralpha.in/us/stocks/bkng) $115.5 billion · Travel Services

## What else do people ask about PDD Holdings? ### What is PDD Holdings's stock price today? PDD Holdings Inc.'s stock price is $80.17, −40.6% over the past year. The whole company is worth $114 B on the market. In the last 52 weeks it traded between $75 to $136; today it is 8% of the way up from the low, 11.7% below its 200-day average (as of 3 November 2026). ### What were PDD Holdings's latest quarterly results? PDD Holdings Inc. reported revenue of CNY 112 B and net profit of CNY 27.2 B for the Jun 2026 quarter. Revenue rose 8.1% and profit fell 11.6% compared with a year earlier. The operating margin was 24.7%, 0.1 percentage points lower than a year earlier (as of 3 November 2026). ### What is PDD Holdings's market cap? PDD Holdings Inc.'s market capitalisation is $114 B at a stock price of $80.17. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is PDD Holdings performing? PDD Holdings Inc.'s share price has been falling for 24 weeks. In its latest quarter, revenue rose 8.1% and profit fell 11.6% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 51 weeks running (as of 3 November 2026). ### Will PDD Holdings's stock price go up? This page does not forecast PDD Holdings Inc.'s stock price. What it shows instead: the stock price is $80.17, and it has been falling for 24 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is PDD Holdings in its business cycle? PDD Holdings Inc.'s FY25 operating margin was 21.6%, against a 5-year range of 7.3% to 27.5%: the middle of its own range, neither a peak nor a low. The latest quarter was 24.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the PDD Holdings story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is PDD Holdings a stock worth studying right now? What the numbers show: PDD Holdings Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Nasdaq 100 companies: https://www.sectoralpha.in/nasdaq-100-stocks

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