# PDD Holdings (PDD) — Earnings

PDD · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/pdd/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $2.85 |
| EPS estimate | $2.72 |
| EPS surprise | +4.76% |
| Revenue surprise | −2.38% |
| Revenue | $16.5B |
| Revenue estimate | $16.9B |
| Reported | Aug 25, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1737806/000110465926100534/tm2623874d1_6k.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/f092c1c7-9b9e-5428-c150-3975d3376e2d.html) |

PDD Holdings reported Q2 2026 results on August 25, 2026. Earnings per share were $2.85, beating the $2.72 estimate by 4.76%. Revenue was $16.5 billion, 2.38% below the $16.9 billion consensus. Against Q2 2025, EPS fell about 7.5% from $3.08, while revenue rose about 14% from $14.5 billion. EPS more than doubled from the $1.38 reported for Q1 2026.

Over the longer record, annual EPS rose from $4.02 in 2022 to $6.48 in 2023 and $11.48 in 2024, then slipped to $10.14 in 2025. Revenue kept growing, from $19.3 billion in 2022 to $60.6 billion in 2025. Q1 was the weakest quarter in both 2025 and 2026 so far, at $1.57 and $1.38 per share, both well below estimates. The EPS high in the table is $3.20 in Q2 2024, and the revenue high is $17.7 billion in Q4 2025. PDD beat estimates in 15 of the last 20 quarters, but in only 4 of the last 8.

Third-quarter results came between November 18 and December 3 in each of the past five years. The next report would fall in that window in 2026 if the pattern holds. It will show whether EPS holds near the Q2 level.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 25, 2026 | $2.72 | $2.85 | 4.76% | $16.9B | $16.5B |
| Q1 2026 | May 28, 2026 | $2.40 | $1.38 | -42.56% | $15.9B | $15.4B |
| Q4 2025 | Mar 26, 2026 | $2.92 | $2.53 | -13.48% | $18.1B | $17.7B |
| Q3 2025 | Nov 18, 2025 | $2.33 | $2.96 | 27.09% | $15.4B | $15.2B |
| Q2 2025 | Aug 25, 2025 | $2.17 | $3.08 | 42.13% | $14.3B | $14.5B |
| Q1 2025 | May 27, 2025 | $2.60 | $1.57 | -39.59% | $14.2B | $13.2B |
| Q4 2024 | Mar 20, 2025 | $2.72 | $2.76 | 1.53% | $15.6B | $15.1B |
| Q3 2024 | Nov 21, 2024 | $2.79 | $2.65 | -5.04% | $14.7B | $14.2B |
| Q2 2024 | Aug 26, 2024 | $2.82 | $3.20 | 13.45% | $13.8B | $13.4B |
| Q1 2024 | May 22, 2024 | $1.45 | $2.87 | 97.49% | $10.5B | $12.0B |
| Q4 2023 | Mar 21, 2024 | $1.59 | $2.44 | 53.53% | $11.2B | $12.5B |
| Q3 2023 | Nov 28, 2023 | $1.22 | $1.59 | 30.36% | $7.5B | $9.4B |
| Q2 2023 | Aug 29, 2023 | $1.01 | $1.44 | 43.34% | $6.0B | $7.2B |
| Q1 2023 | May 26, 2023 | $0.65 | $1.01 | 55.02% | $4.7B | $5.5B |
| Q4 2022 | Mar 22, 2023 | $1.22 | $1.21 | -1.03% | $6.0B | $5.8B |
| Q3 2022 | Nov 28, 2022 | $0.68 | $1.21 | 78.07% | $4.3B | $5.0B |
| Q2 2022 | Aug 30, 2022 | $0.44 | $1.13 | 154.69% | $3.6B | $4.7B |
| Q1 2022 | May 31, 2022 | $0.29 | $0.47 | 61.40% | $3.2B | $3.8B |
| Q4 2021 | Mar 22, 2022 | $0.24 | $0.93 | 281.45% | $4.7B | $4.3B |
| Q3 2021 | Dec 3, 2021 | −$0.07 | $0.18 | 347.98% | $4.0B | $3.3B |

## Frequently Asked Questions

### When did PDD Holdings (PDD) last report earnings?

PDD Holdings last reported on Aug 25, 2026, covering fiscal Q2 2026.

### Did PDD beat earnings estimates?

Yes. PDD Holdings reported EPS of $2.85 for Q2 2026 against a $2.72 estimate — a 4.76% beat.

### How much revenue did PDD report last quarter?

PDD Holdings reported $16.5B in revenue for Q2 2026, against a consensus estimate of $16.9B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).