PDD HOLDINGS INC (PDD) Earnings History & Surprises
NASDAQ:PDD • US7223041028
100.37 USD
-0.82 (-0.81%)
Last: Mar 5, 2026, 03:08 PM
Past quarterly earnings results for PDD HOLDINGS INC (PDD), including EPS and revenue actuals, analyst estimates, and surprise percentages. This page focuses on historical performance (not forecasts).
Earnings Snapshot
Next Earnings Date
Release DateMar 18, 2026
PeriodQ4 / 2025
EPS EstimateCN¥21.05
Revenue Estimate125.743B
Last Reported
Release DateNov 18, 2025
PeriodQ3 / 2025
EPS ReportedCN¥21.08
EPS Surprise 23.91%
Revenue Surprise -1.11%
Beat Rate
50%
EPS and Revenuebeats vs estimates
Quarterly Earnings Results
EPS & Revenue History (CNY)
Actual vs estimated values, surprises, q2q growth and acceleration numbers for recent quarters.
| Quarter | EPS | EPS Est | EPS Surprise | EPS Q2Q | Revenue | Revenue Est | Revenue Surprise | Revenue Q2Q |
|---|---|---|---|---|---|---|---|---|
| Q3 2025 | 21.08 | 17.01 | 23.91% | 13.39% | 108.277B | 109.492B | -1.11% | 8.98% |
| Q2 2025 | 22.07 | 15.89 | 38.87% | -5.03% | 103.985B | 104.372B | -0.37% | 7.14% |
| Q1 2025 | 11.41 | 18.70 | -38.98% | -44.93% | 95.672B | 103.534B | -7.59% | 10.21% |
| Q4 2024 | 20.15 | 20.01 | 0.70% | 16.34% | 110.61B | 116.852B | -5.34% | 24.45% |
| Q3 2024 | 18.59 | 19.98 | -6.97% | 60.12% | 99.354B | 103.673B | -4.17% | 44.33% |
| Q2 2024 | 23.24 | 19.66 | 18.22% | 121.97% | 97.06B | 101.004B | -3.91% | 85.65% |
| Q1 2024 | 20.72 | 10.17 | 103.72% | 199.42% | 86.812B | 76.415B | 13.61% | 130.66% |
| Q4 2023 | 17.32 | 11.56 | 49.78% | 107.67% | 88.881B | 80.024B | 11.07% | 123.21% |
| Q3 2023 | 11.61 | 8.79 | 32.10% | 34.69% | 68.84B | 55.137B | 24.85% | 93.89% |
| Q2 2023 | 10.47 | 7.35 | 42.45% | 38.86% | 52.281B | 44.116B | 18.51% | 66.29% |
| Q1 2023 | 6.92 | 3.82 | 80.94% | 134.58% | 37.637B | 32.301B | 16.52% | 58.18% |
| Q4 2022 | 8.34 | 8.39 | -0.56% | 41.84% | 39.82B | 41.418B | -3.86% | 46.23% |
| Q3 2022 | 8.62 | 4.74 | 81.99% | 295.41% | 35.504B | 31.247B | 13.62% | 65.09% |
| Q2 2022 | 7.54 | 2.79 | 170.71% | 164.56% | 31.44B | 23.916B | 31.46% | 36.42% |
| Q1 2022 | 2.95 | 1.69 | 74.22% | 294.08% | 23.794B | 20.817B | 14.30% | 7.34% |
| Q4 2021 | 5.88 | 2.23 | 163.16% | 4,020.00% | 27.231B | 30.401B | -10.43% | 2.57% |
| Q3 2021 | 2.18 | 0.15 | 1,351.04% | 560.61% | 21.506B | 26.855B | -19.92% | 51.34% |
| Q2 2021 | 2.85 | -1.33 | 314.57% | 4,850.00% | 23.046B | 26.702B | -13.69% | 89.01% |
| Q1 2021 | -1.52 | -2.68 | 43.37% | 44.32% | 22.167B | 20.401B | 8.66% | 238.89% |
| Q4 2020 | -0.15 | 0.08 | -281.12% | - | 26.548B | 19.408B | 36.79% | - |
| Q3 2020 | 0.33 | -1.13 | 129.24% | - | 14.21B | 12.461B | 14.03% | - |
| Q2 2020 | -0.06 | -1.42 | 95.76% | - | 12.193B | 12.28B | -0.71% | - |
| Q1 2020 | -2.73 | -1.99 | -36.99% | - | 6.541B | 5.024B | 30.20% | - |
Notes
- EPS and Revenue values are non-GAAP when available, otherwise GAAP.
- Surprise % is (Actual - Estimate) / |Estimate|. Green indicates positive surprise, red negative.
- Q2Q % is quarter-over-quarter growth. Green indicates growth, red indicates decline.
- Green right border indicates acceleration for sales or earnings growth. Acceleration is the case when the current Q2Q is above the previous Q2Q.
Earnings Q2Q Performance Trends
EPS Historical Q2Q growth and Acceleration
Revenue Historical Q2Q growth and Acceleration
Surprise distribution (Last 4 Quarters)
EPS beat statistics
EPS beat (4)
3
Average EPS beat (4)
6.13%
Max EPS beat (4)
38.87%
Min EPS beat (4)
-38.98%
Revenue beat statistics
Revenue beat (4)
0
Average Revenue beat (4)
-3.60%
Max Revenue beat (4)
-0.37%
Min Revenue beat (4)
-7.59%
Analysis
In the last 4 quarters, PDD has beaten EPS estimates in 3 out of 4 releases
PDD has not beaten revenue estimates in any of the last 4 earnings releases
In the last 4 quarters, PDD has beaten the EPS estimates by 6.1% on average.
In the last 4 quarters, PDD reported -3.6% below the revenue estimates on average.
PDD HOLDINGS INC / PDD Earnings FAQ
When did PDD HOLDINGS INC (PDD) report earnings last quarter?
PDD HOLDINGS INC (PDD) last reported earnings on 11/18/2025.
Did PDD HOLDINGS INC (PDD) beat earnings estimates last quarter?
PDD HOLDINGS INC (PDD) beat EPS estimates and missed revenue estimates in the most recent quarter.
How often does PDD HOLDINGS INC (PDD) beat earnings estimates?
In the last 4 quarters, PDD HOLDINGS INC (PDD) has beaten EPS estimates in 3 out of 4 releases.