PDD Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), PDD reported revenue of $112.4B, gross profit of $112.3B (100.0% gross margin), operating income of $29.1B, and net income of $28.5B (25.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PDD was profitable; revenue grew 3.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +3.8% | −51.4% | −28.8 pp |
Consensus estimate data is not available for this report.
PDD Q2 2026 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $112.4B | 100% |
| Cost of Revenue | −$46M | 0.0% |
| Gross Profit | $112.3B | 100.0% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$83.2B | 74.1% |
| Operating Income | $29.1B | 25.9% |
| Other Income, net | $5.5B | 4.9% |
| Income Tax Expense | −$6.1B | 5.4% |
| Net Income | $28.5B | 25.4% |
Source: original SEC filing (filed 2026-08-25). Accession 0001104659-26-100534. Data normalized by EarningsFyi.