---
title: "PDD Holdings Q4 2025 net income attributable to ordinary shareholders drops 11% to RMB25 billion; revenue rises 12% to RMB124 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280455417.md"
description: "PDD Holdings reported a Q4 2025 net income of RMB24.5 billion, an 11% decline from the previous year. For FY2025, net income attributable to ordinary shareholders fell 12% to RMB99.4 billion, while revenue increased by 10% to RMB431.8 billion. Operating profit also dropped 13% to RMB94.6 billion, with costs of revenues rising 23% due to higher fulfillment and processing fees. Co-CEO Jiazhen Zhao emphasized supply chain investment as a key focus, while VP of Finance Jun Liu noted that long-term investments would impact financial performance."
datetime: "2026-03-25T10:31:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280455417.md)
  - [en](https://longbridge.com/en/news/280455417.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280455417.md)
generator: "portal-rs"
---

# PDD Holdings Q4 2025 net income attributable to ordinary shareholders drops 11% to RMB25 billion; revenue rises 12% to RMB124 billion

-   FY2025 operating profit fell 13% to RMB94.6 billion. \* FY2025 net income attributable to ordinary shareholders dropped 12% to RMB99.4 billion. \* FY2025 revenue rose 10% to RMB431.8 billion, while FY2025 costs of revenues climbed 23% to RMB188.8 billion on higher fulfillment fees, bandwidth and server costs, and payment processing fees. \* Q4 FY2025 net income attributable to ordinary shareholders slid 11% to RMB24.5 billion. \* Co-CEO Jiazhen Zhao said supply chain investment was set to be the company’s biggest focus, while VP of Finance Jun Liu said long-term investments would affect financial performance. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PDD Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603250630PRIMZONEFULLFEED9678308) on March 25, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**