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Dingdong revenue hits RMB6.5 billion amid strong growth
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Dingdong revenue hits RMB6.5 billion amid strong growth

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  • Dingdong (NYSE:DDL) reported Q2 2026 revenue of RMB6,487.3 million, up 8.6% year-over-year, with GMV increasing 11.8%.
  • Net income reached RMB271.7 million, up 153.5%, marking the company’s tenth consecutive GAAP-profitable quarter.
  • The company reported higher margins and continued the planned divestiture of its China business to Meituan.

Dingdong (NYSE:DDL) reported second quarter 2026 total revenues of RMB6,487.3 million, up 8.6% year-over-year, while gross merchandise value increased 11.8% to RMB7,265.3 million and net income rose to RMB271.7 million.

The results marked Dingdong’s tenth consecutive GAAP-profitable quarter as the company reported higher gross margin and lower fulfillment expenses compared with the previous year.

Dingdong reported gross margin of 29.6%, while fulfillment expenses declined to 18.6% of revenue and non-GAAP net income increased 120.2% to RMB281.3 million, with non-GAAP net margin reaching 4.3%.

The company’s China business, classified as discontinued operations and pending divestiture to Meituan, generated RMB6,414.1 million in revenue and RMB334.9 million in net income, including a RMB199.1 million benefit from ending depreciation and amortization on held-for-sale assets.

Dingdong reported cash, restricted cash and short-term investments of RMB4,880.9 million as of June 30, 2026, while overseas revenue increased 36.2% to RMB73.2 million although overseas net loss widened to RMB63.2 million.

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