🚧 Under construction — Data may be inaccurate. We are actively adding more companies and metrics.
PDD Holdings Inc. logo

PDD Holdings Inc.

PDD•Rank #134•Consumer Cyclical•Internet Retail

Market Cap

$128.8B

Global Rank

#134

All-Time High

$252.9B

2020-12-31

Total Growth

+0%

since 2026

Market Cap Context

PDD Holdings Inc. Financial Breakdown (FY 2025)

Source: Yahoo Finance — PDD annual filings (2025) (converted from CNY at 7.2) →

$60.0B revenue · $12.9B operating income · $13.6B net income

  • ●Operating margin: 21.6% on $60.0B in revenue.
  • ●R&D is 3.8% of revenue ($2.3B).
  • ●Net income margin: 22.7% — $13.6B in profit.
  • ●Free cash flow: $14.7B (24.5% of revenue).

Cost / Operating Expenses

Total operating expenses $47.0B

Total

$47.0B

Cost of revenue· Product / service delivery costs (COGS)$26.2B55.7%
Research & development$2.3B4.9%
Sales & marketing$17.4B37.0%
General & administrative$1.1B2.4%

Capital Expenditures

$0.2B

This fiscal year (near-total AI infrastructure buildout)

Free Cash Flow

$14.7B

Trailing twelve months

Figures rounded from the annual SEC filing. Unaudited. For informational purposes only, not investment advice.

About PDD Holdings Inc.

Pinduoduo is a Chinese online retailer, with a focus on the traditional agriculture industry. The business is the largest product of PDD Holdings, a company domiciled in the Cayman Islands and headquartered in Ireland that also owns the online marketplace Temu.

Wikipedia →

PDD Holdings Inc. Market Cap History (2026–2026)

PDD Holdings Inc. vs Sector Peers by Market Cap

The TJX Companies, Inc.TJX
$172.0B
Booking Holdings Inc.BKNG
$164.9B
PDD Holdings Inc.PDD
$128.8B
Lowe's Companies, Inc.LOW
$124.1B
Starbucks CorporationSBUX
$121.6B
MercadoLibre, Inc.MELI
$98.4B
Marriott International, Inc.MAR
$91.1B
DoorDash, Inc.DASH
$87.2B

Compare PDD Holdings Inc.

Prologis, Inc. logovs Prologis,BNP Paribas SA logovs BNPServiceNow, Inc. logovs ServiceNow,Bristol-Myers Squibb Company logovs Bristol-Myers

Ranking History

YearMarket CapRankYoY Change
2026$128.8B#134(↓36)-20.2%
2025$161.4B#98(↓6)+16.9%
2024$138.1B#92(↓50)-33.7%
2023$208.3B#42(↑33)+79.4%
2022$116.1B#75(↑48)+39.9%
2021$83.0B#123(↓100)-67.2%
2020$252.9B#23(↑108)+369.8%
2019$53.8B#131(↑36)+68.5%
2018$31.9B#167

Other Consumer Cyclical Companies

Amazon.com, Inc. logo

Amazon.com, Inc.

#4 • $2.94T

Tesla, Inc. logo

Tesla, Inc.

#10 • $1.31T

The Home Depot, Inc. logo

The Home Depot, Inc.

#40 • $353.5B

Alibaba Group Holding Limited logo

Alibaba Group Holding Limited

#44 • $315.1B

Alibaba Group Holding Limited logo

Alibaba Group Holding Limited

#47 • $306.4B

LVMH Moët Hennessy - Louis Vuitton, Société Européenne logo

LVMH Moët Hennessy - Louis Vuitton, Société Européenne

#58 • $254.9B

View all Consumer Cyclical companies →

FAQ

What is PDD Holdings Inc.'s market cap?

PDD Holdings Inc. (PDD) has a market capitalization of $128.8B, making it the #134 largest company in the world by market cap.

What was PDD Holdings Inc.'s highest market cap?

PDD Holdings Inc.'s all-time high market cap was $252.9B, reached in 2020-12-31. Its highest rank was #23 in 2020.

What sector is PDD Holdings Inc. in?

PDD Holdings Inc. is in the Consumer Cyclical sector, specifically the Internet Retail industry. It is based in Ireland.

How has PDD Holdings Inc.'s market cap changed over time?

PDD Holdings Inc. has been tracked since 2026. Its market cap has grown by 0% from $128.8B in 2026 to $128.8B today.