---
title: "拼多多 (PDD.US) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/PDD.US/norm.md"
symbol: "PDD.US"
name: "拼多多"
parent: "https://longbridge.com/zh-HK/quote/PDD.US.md"
datetime: "2026-05-19T16:30:38.170Z"
locales:
  - [en](https://longbridge.com/en/quote/PDD.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/PDD.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/PDD.US/norm.md)
---

# 拼多多 (PDD.US) — 財務報表

## 損益表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| 每股收益 | 2.21 | 2.77 | 2.89 | 1.37 | 2.54 |
| ROE | 22.88% | 31.15% | 35.58% | 18.34% | 37.10% |
| 營業收入 | 17.71B | 15.21B | 14.50B | 13.17B | 15.15B |
| 凈利潤 | 3.29B | 4.12B | 4.29B | 2.03B | 3.76B |
| 營業利潤 | 3.74B | 3.52B | 3.60B | 2.21B | 3.51B |
| 毛利率 | 55.49% | 56.74% | 55.90% | 57.20% | 56.79% |
| 凈利率 | 18.58% | 27.09% | 29.57% | 15.41% | 24.81% |
| 利潤含金量 | 108.62% | 54.81% | 119.18% | 103.66% | 86.61% |

## 資產負債表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 90.06B | 86.20B | 79.08B | 73.04B | 69.19B |
| 權益乘數 | 1.52 | 1.57 | 1.57 | 1.61 | 1.61 |
| 每股凈資產 | 41.51 | 39.29 | 36.12 | 32.61 | 30.83 |
| 資產周轉率 | 0.7609 | 0.7747 | 0.8193 | 0.8867 | 0.9233 |
| 現金及短投 | 60.36B | 59.52B | 53.98B | 50.18B | 45.42B |
| 存貨與應收 | - | - | - | - | - |
| 長期投資 | 881.84M | 872.07M | 843.86M | 885.45M | 814.28M |
| 凈債務 | -59.60B | -58.02B | -52.45B | -48.63B | -43.97B |

## 現金流量表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | 3.45B | 6.41B | 3.02B | 2.14B | 4.05B |
| 投資現金流 | 219.88M | -1.62B | -3.77B | -878.88M | -4.18B |
| 融資現金流 | -747.35M | 77394.16 | 49219.19 | 30149.51 | 37537.85 |
| 自由現金流 | 2.22B | 4.40B | 2.41B | 2.95B | 2.38B |
| 現金流充裕率 | 378.42% | - | - | - | 3054.83% |
| 舉債與償債 | - | - | - | - | - |
| 資本支出 | -163.68M | - | - | - | -132.50M |