PDD Holdings Inc. Q2 FY2026 income statement | sankey.it

PDDQ2 FY2026

PDD Holdings Inc.

CNY, quarter ended 2026-06-30

Operating Expenses: R&D 4% | SG&A 28% of revenue

Revenue

CNY 112.4B+8.1%

Gross margin

57.3%+1.4 pts

Operating margin

24.7%-0.1 pts

Net margin

24.2%-5.4 pts

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Revenue segments

No segment breakdown available for this filing - the flow shows revenue narrowing straight into cost and profit.

Period history

Revenue, by quarter

Income statement

Line	Q2 FY2026	YoY
Revenue	CNY 112,358,000,000	+8.1%
Cost of revenue	CNY 48,017,000,000	+4.7%
Gross profit	CNY 64,341,000,000	+11%
Operating expenses	CNY 36,577,000,000	+13%
Operating income	CNY 27,764,000,000	+7.6%
Other income/expense, net	CNY 5,550,000,000	-43%
Income before tax

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Source: Financial Modeling Prep, via the DATA project
Diagram generated: September 3, 2026