NASDAQ$PDD
PDD Holdings Inc - ADR · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
PDD Holdings reported Q2 2026 results with revenue of RMB112.4 billion, up 8% YoY, and net income of RMB27.2 billion.
PDD Holdings Inc. announced unaudited financial results for the second quarter ended June 30, 2026. Total revenues reached RMB112.4 billion, driven by growth in transaction services. Operating profit increased 8% to RMB27.8 billion, while net income attributable to ordinary shareholders declined 12% to RMB27.2 billion amid higher operating expenses.
- Total revenues RMB112.4 billion (+8% YoY), with transaction services up 13% to RMB54.7 billion.
- Operating profit RMB27.8 billion (+8% YoY); non-GAAP operating profit RMB29.1 billion (+5% YoY).
- Net income RMB27.2 billion (-12% YoY); non-GAAP net income RMB28.5 billion (-13% YoY).
- Diluted EPS per ADS RMB18.45; non-GAAP diluted EPS per ADS RMB19.33.
Headline financials
Revenue & EPS history
PDD Holdings · Revenue · Quarterly
¥16.7B
Revenue by segment
PDD Holdings · ¥112B total across 2 segments · Q2 2026
- Online marketing services and others¥57.6B—51.3%
- Transaction services¥54.7B+13.3%48.7%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+1.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.4%
Avg return
30 days after
50%
16 / 32 earnings
Positive
+35.7%
Q3 2020
Best reaction
-31.4%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -10.4% | -9.8% | — | |
| Q4 2025 | +0.1% | -0.4% | -4.5% | |
| Q2 2025 | +0.9% | -5.4% | +3.0% | |
| Q1 2025 | -13.7% | -19.1% | -11.3% | |
| Q4 2024 | +4.0% | -0.5% | -25.6% | |
| Q3 2024 | -14.1% | -14.7% | -14.6% | |
| Q2 2024 | -31.4% | -31.3% | -18.5% | |
| Q1 2024 | +5.6% | +8.3% | -1.1% | |
| Q4 2023 | -4.2% | -6.1% | -11.1% | |
| Q3 2023 | +20.4% | +23.4% | +23.5% | |
| Q2 2023 | +21.5% | +27.9% | +18.4% | |
| Q1 2023 | +12.7% | +8.8% | +16.3% | |
| Q4 2022 | -14.2% | -19.6% | -23.8% | |
| Q3 2022 | +19.3% | +31.3% | +23.8% | |
| Q2 2022 | +15.5% | +25.4% | +9.4% | |
| Q1 2022 | +20.1% | +16.9% | +57.3% | |
| Q4 2021 | +11.6% | +3.8% | -12.4% | |
| Q3 2021 | -11.6% | -23.7% | -29.1% | |
| Q2 2021 | +20.7% | +16.7% | +21.2% | |
| Q1 2021 | -8.5% | -4.5% | -2.5% | |
| Q4 2020 | -11.9% | -14.8% | -17.1% | |
| Q3 2020 | +35.7% | +18.8% | +32.5% | |
| Q2 2020 | -14.4% | -8.1% | -17.8% | |
| Q1 2020 | +8.2% | +0.5% | +46.0% | |
| Q4 2019 | -12.9% | -14.6% | +8.9% | |
| Q3 2019 | -22.4% | -10.3% | -8.3% | |
| Q2 2019 | +17.8% | +17.9% | +31.3% | |
| Q1 2019 | -5.2% | -10.7% | -7.7% | |
| Q4 2018 | -5.6% | -8.8% | -17.0% | |
| Q4 2017 | -5.6% | -8.8% | -17.0% | |
| Q4 2016 | -5.6% | -8.8% | -17.0% | |
| Q3 2018 | +19.3% | +13.4% | +8.3% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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