PDD Holdings Inc. (PDD) Form 6-K — Aug 25, 2026

$PDDForm 6-KFiled Aug 25, 2026, 7:20 AM ET0001104659-26-100534Original filing

PDD Holdings reported second quarter 2026 total revenues of RMB112.4 billion (US$16.6 billion), up 8% from RMB104.0 billion a year earlier, led by transaction services revenue which grew 13% to RMB54.7 billion. Net income attributable to ordinary shareholders fell 12% year over year to RMB27.2 billion (US$4.0 billion), and non-GAAP net income declined 13% to RMB28.5 billion, even as operating profit rose 8% to RMB27.8 billion. The bottom-line drop reflected a RMB7.4 billion net loss in other income and a higher tax bill.

Key figures

Eps: RMB18.45 per ADS diluted (US$2.72); basic RMB19.32 per ADS (US$2.85)
Revenue: RMB112.4 billion (US$16.6 billion)
Net Income: RMB27.2 billion (US$4.0 billion) attributable to ordinary shareholders, -12% YoY
Revenue Yoy: +8% (from RMB104.0 billion in Q2 2025)
Total Assets: RMB663.4 billion (US$97.8 billion)
Cash Position: RMB456.4 billion (US$67.3 billion) in cash, cash equivalents and short-term investments as of June 30, 2026
Operating profit: RMB27.8 billion (US$4.1 billion), +8% YoY
Six month revenue: RMB218.6 billion (US$32.2 billion) vs RMB199.7 billion a year ago
Non gaap net income: RMB28.5 billion (US$4.2 billion), -13% YoY
Operating cash flow: RMB25.7 billion (US$3.8 billion) vs RMB21.6 billion a year ago
Shareholders equity: RMB447.8 billion (US$66.0 billion)
Other income loss net: -RMB7.4 billion (US$-1.1 billion) vs +RMB0.1 billion a year ago
Non gaap diluted eps ads: RMB19.33 (US$2.85) vs RMB22.07 a year ago
Sales marketing expenses: RMB29.7 billion (US$4.4 billion) vs RMB27.2 billion, up ~9%
Total operating expenses: RMB36.6 billion (US$5.4 billion), +13% YoY
Non gaap operating profit: RMB29.1 billion (US$4.3 billion), +5% YoY
Transaction services revenue: RMB54.7 billion (US$8.1 billion), +13% YoY
Online marketing services revenue: RMB57.6 billion (US$8.5 billion) vs RMB55.7 billion a year ago

AI analysis

Red flags5 · Pro

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

Upgrade to Pro · $49/mo billed annually

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.