Earnings Data
Report Date
Aug 31, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.23Last Year’s EPS
2.63Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The quarter showed solid top-line growth (revenues +11%) and stronger operating profits (GAAP OP +22%, non‑GAAP OP margin up to 20%) with robust cash balances and clear strategic moves (launch of a first‑party brand company and major multi‑year supply‑chain investments). At the same time, net income and EPS declined year‑over‑year, costs of revenue rose ~15%, and marketing revenue growth slowed. Management is prioritizing long‑term supply‑chain and compliance investments that support structural transformation but may pressure near‑term earnings.Company Guidance
Revenue Growth
Total revenues increased 11% year-over-year to RMB 106.2 billion for Q1 2026.
Transaction Services Expansion
Revenues from transaction services were RMB 56.3 billion, up 20% year-over-year.
Operating Profit and Margin Improvement
GAAP operating profit rose 22% year-over-year to RMB 19.6 billion; non-GAAP operating profit was RMB 21.1 billion and non-GAAP operating profit margin improved to 20% from 19% year-over-year.
Strong Cash Generation and Liquidity
Net cash generated from operating activities was RMB 16.4 billion (versus RMB 15.5 billion prior year) and cash, cash equivalents and short-term investments totaled RMB 436.1 billion as of March 31, 2026.
Strategic First-Party Brand Initiative Launched
Established a dedicated company in Changan to launch the first-party brand business with an initial cash injection of RMB 15 billion and a planned investment of RMB 100 billion (multi‑year) to develop branded supply‑chain capabilities.
Large-Scale Supply Chain and Ecosystem Investments
Ongoing '100 billion' support program: expanded initiatives in agriculture, manufacturing hubs and logistics (total premium produce, new quality supply, logistics to remote regions), including training, R&D and deeper merchant/manufacturer collaboration.
R&D and Long-Term Investment Focus
Research and development expenses (non-GAAP) were RMB 4.0 billion, up 32% year‑over‑year, signaling increased investment in product/technology capabilities.
Improved Sales & Marketing Efficiency
Non‑GAAP sales and marketing expenses were RMB 33.4 billion (up in absolute terms) while S&M as a percentage of revenue improved to 31% from 34% year-over-year.
Practical Logistics and Rural Outreach Results
Direct-to-village coverage expanded to over 70% of local villages by March; daily order volume at transfer warehouses approached 10,000 orders. Example logistics support reduced shipping costs to some remote regions by ~80% and drove >30% annual order growth for certain merchants to western provinces.
CH:9PDA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FAQ
When does Pdd Holdings Inc. (CH:9PDA) report earnings?
Pdd Holdings Inc. (CH:9PDA) is schdueled to report earning on Aug 31, 2026, After Close (Confirmed).
What is Pdd Holdings Inc. (CH:9PDA) earnings time?
Pdd Holdings Inc. (CH:9PDA) earnings time is at Aug 31, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Pdd Holdings Inc. stock?
The P/E ratio of PDD Holdings is N/A.
What is CH:9PDA EPS forecast?
CH:9PDA EPS forecast for the fiscal quarter 2026 (Q2) is 2.23.
