Meituan (MEITUAN) income statement

HKSE · Consumer Cyclical · Specialty Retail · 111,298 employees · CEO Xing Wang

Price: HK$72.05 +0.63%
Market cap: HK$445B
Enterprise value: CN¥346B
Last report: Q2 '26 filed 2026-06-30
Next report: 2026-11-27

Meituan (MEITUAN) reported revenue of CN¥104B for Q2 '26 (+13.5% year on year), operating income of -CN¥854M (-0.8% of revenue) and net income of CN¥2.15B. Over the last four quarters revenue was CN¥381B.

Income statement

Income statement	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Revenue	CN¥76.5B	CN¥73.7B	CN¥73.3B	CN¥82.3B	CN¥93.6B	CN¥88.5B	CN¥86.6B	CN¥91.8B	CN¥95.5B	CN¥91B	CN¥90.2B	CN¥104B
Cost of revenue	CN¥49.5B	CN¥48.7B	CN¥47.6B	CN¥48.4B	CN¥56.8B	CN¥55B	CN¥54.1B	CN¥61.4B	CN¥70.3B	CN¥68B	CN¥64.5B	CN¥69.3B
Gross profit	CN¥27B	CN¥25B	CN¥25.7B	CN¥33.9B	CN¥36.8B	CN¥33.4B	CN¥32.4B	CN¥30.4B	CN¥25.2B	CN¥23B	CN¥25.7B	CN¥34.9B
Research & development	CN¥5.32B	CN¥5.43B	CN¥5B	CN¥5.34B	CN¥5.29B	CN¥5.42B	CN¥5.77B	CN¥6.26B	CN¥6.94B	CN¥7.03B	CN¥6.98B	CN¥0
Sales & marketing	CN¥16.9B	CN¥16.7B	CN¥13.9B	CN¥14.8B	CN¥18B	CN¥17.3B	CN¥15.6B	CN¥22.5B	CN¥34.3B	CN¥30.6B	CN¥23B	CN¥24.7B
General & administrative	CN¥2.54B	CN¥2.7B	CN¥2.3B	CN¥2.69B	CN¥2.8B	CN¥2.94B	CN¥2.63B	CN¥2.68B	CN¥2.96B	CN¥3.65B	CN¥2.94B	CN¥3.24B
Other operating expenses	-CN¥1.14B	-CN¥1.62B	-CN¥699M	-CN¥234M	-CN¥2.98B	CN¥1.09B	-CN¥2.1B	-CN¥1.27B	CN¥1	-CN¥2.21B	CN¥243M	CN¥7.96B
Operating expenses	CN¥23.6B	CN¥23.2B	CN¥20.5B	CN¥22.6B	CN¥23.1B	CN¥26.8B	CN¥21.8B	CN¥30.2B	CN¥44.4B	CN¥39.1B	CN¥33.1B	CN¥35.8B
Operating income	CN¥3.36B	CN¥1.76B	CN¥5.21B	CN¥11.3B	CN¥13.7B	CN¥6.69B	CN¥10.6B	CN¥226M	-CN¥19.3B	-CN¥16.6B	-CN¥7.39B	-CN¥854M
Interest income	CN¥201M	CN¥216M	CN¥322M	CN¥59.2M	CN¥51.4M	CN¥383M	CN¥16.2M	CN¥78.1M	CN¥513M	CN¥491M	CN¥478M	CN¥506M
Interest expense	CN¥351M	CN¥365M	CN¥350M	CN¥308M	CN¥285M	CN¥114M	CN¥508M	CN¥464M	CN¥414M	CN¥559M	CN¥780M	CN¥807M
Other non-operating income (gains on investments, FX ...)	-CN¥636M	-CN¥920M	-CN¥517M	CN¥1.86B	CN¥765M	CN¥1.58B	CN¥805M	CN¥482M	-CN¥27M	CN¥4.74B	CN¥0	CN¥0
Total non-operating income	CN¥285M	CN¥555M	CN¥272M	CN¥400M	CN¥265M	CN¥203M	CN¥34.7M	CN¥167M	-CN¥377M	CN¥379M	CN¥182M	CN¥3.15B
Income before tax	CN¥3.64B	CN¥2.31B	CN¥5.48B	CN¥11.7B	CN¥14B	CN¥6.9B	CN¥10.6B	CN¥394M	-CN¥19.6B	-CN¥16.2B	-CN¥7.21B	CN¥2.29B
Income tax	CN¥50.1M	CN¥96.1M	CN¥113M	CN¥305M	CN¥1.09B	CN¥674M	CN¥544M	CN¥28.4M	-CN¥1.02B	-CN¥1.02B	-CN¥446M	CN¥148M
Net income	CN¥3.59B	CN¥2.22B	CN¥5.37B	CN¥11.4B	CN¥12.9B	CN¥6.22B	CN¥10.1B	CN¥365M	-CN¥18.6B	-CN¥15.1B	-CN¥6.77B	CN¥2.15B
EPS (basic)	CN¥0.58	CN¥0.34	CN¥0.87	CN¥1.83	CN¥2.13	CN¥1.03	CN¥1.66	CN¥0.06	-CN¥3.05	-CN¥2.48	-CN¥1.11	CN¥0.35
EPS (diluted)	CN¥0.58	CN¥0.34	CN¥0.87	CN¥1.83	CN¥2.13	CN¥1.03	CN¥1.66	CN¥0.06	-CN¥3.05	-CN¥2.48	-CN¥1.11	CN¥0.35
Shares (basic, weighted)	6.24B	6.21B	6.16B	6.19B	6.05B	6.05B	6.05B	6.15B	6.11B	6.11B	6.11B	6.18B
Shares (diluted, weighted)	6.24B	6.21B	6.16B	6.19B	6.05B	6.05B	6.05B	6.15B	6.11B	6.11B	6.11B	6.18B
Depreciation & amortization	CN¥2.04B	CN¥1.95B	CN¥1.88B	CN¥2.05B	CN¥2.16B	CN¥2.33B	CN¥2.22B	CN¥2.42B	CN¥2.64B	CN¥2.91B	CN¥2.85B	CN¥2.98B
EBITDA	CN¥6.03B	CN¥4.63B	CN¥7.61B	CN¥11.4B	CN¥15.1B	CN¥7.45B	CN¥12B	CN¥2.17B	-CN¥16.6B	-CN¥18.4B	-CN¥4.55B	CN¥2.38B

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥13B	CN¥33.9B	CN¥65.2B	CN¥97.5B	CN¥115B	CN¥179B	CN¥220B	CN¥277B	CN¥338B	CN¥365B
Cost of revenue	CN¥7.05B	CN¥21.7B	CN¥50.1B	CN¥65.2B	CN¥80.7B	CN¥137B	CN¥158B	CN¥180B	CN¥208B	CN¥254B
Gross profit	CN¥5.94B	CN¥12.2B	CN¥15.1B	CN¥32.3B	CN¥34.1B	CN¥42.5B	CN¥61.8B	CN¥97.2B	CN¥130B	CN¥111B
Research & development	CN¥2.37B	CN¥3.65B	CN¥7.07B	CN¥8.45B	CN¥10.9B	CN¥16.7B	CN¥20.7B	CN¥21.2B	CN¥21.1B	CN¥26B
Sales & marketing	CN¥4.95B	CN¥7.44B	CN¥15.9B	CN¥18.8B	CN¥20.9B	CN¥40.7B	CN¥39.7B	CN¥58.6B	CN¥64B	CN¥103B
General & administrative	CN¥317M	CN¥329M	CN¥5.83B	CN¥4.34B	CN¥5.59B	CN¥8.61B	CN¥9.77B	CN¥9.37B	CN¥10.7B	CN¥11.9B
Other operating expenses	-CN¥4.35B	-CN¥15B	CN¥0	-CN¥630M	-CN¥7.65B	-CN¥370M	-CN¥2.68B	-CN¥5.41B	-CN¥2.82B	-CN¥4.8B
Operating expenses	CN¥12.4B	CN¥16.7B	CN¥28.6B	CN¥31B	CN¥29.7B	CN¥65.6B	CN¥67.6B	CN¥83.8B	CN¥92.9B	CN¥136B
Operating income	-CN¥6.26B	-CN¥3.83B	-CN¥11.1B	CN¥2.68B	CN¥4.33B	-CN¥23.1B	-CN¥5.82B	CN¥13.4B	CN¥36.8B	-CN¥25B
Interest income	CN¥21.7M	CN¥77.9M	CN¥520M	CN¥1.04B	CN¥600M	CN¥546M	CN¥658M	CN¥819M	CN¥1.29B	CN¥2.01B
Interest expense	CN¥56M	CN¥1.92M	CN¥24.6M	CN¥176M	CN¥345M	CN¥1.08B	CN¥1.58B	CN¥1.42B	CN¥1.34B	CN¥1.89B
Other non-operating income (gains on investments, FX ...)	CN¥155M	CN¥15.1B	CN¥104B	CN¥0	CN¥6.84B	CN¥2.82B	CN¥783M	-CN¥2.03B	CN¥3.69B	CN¥6B
Total non-operating income	-CN¥4.38B	-CN¥15.1B	-CN¥104B	CN¥0	CN¥108M	-CN¥439M	-CN¥935M	CN¥606M	CN¥1.14B	CN¥204M
Income before tax	-CN¥10.6B	-CN¥18.9B	-CN¥115B	CN¥2.76B	CN¥4.44B	-CN¥23.6B	-CN¥6.76B	CN¥14B	CN¥38B	-CN¥24.8B
Income tax	CN¥268M	CN¥54.2M	CN¥1.89M	CN¥526M	-CN¥270M	-CN¥30.3M	-CN¥70.2M	CN¥165M	CN¥2.18B	CN¥1.48B
Net income	-CN¥5.79B	-CN¥18.9B	-CN¥115B	CN¥2.24B	CN¥4.71B	-CN¥23.5B	-CN¥6.69B	CN¥13.9B	CN¥35.8B	-CN¥23.4B
EPS (basic)	-CN¥1.05	-CN¥3.44	-CN¥42.40	CN¥0.39	CN¥0.81	-CN¥3.90	-CN¥1.09	CN¥2.11	CN¥5.85	-CN¥3.84
EPS (diluted)	-CN¥1.05	-CN¥3.44	-CN¥42.40	CN¥0.38	CN¥0.78	-CN¥3.90	-CN¥1.09	CN¥2.11	CN¥5.66	-CN¥3.92
Shares (basic, weighted)	5.49B	5.49B	2.72B	5.77B	5.85B	6.04B	6.13B	6.3B	6.13B	5.95B
Shares (diluted, weighted)	5.49B	5.49B	2.72B	5.92B	6B	6.04B	6.16B	6.3B	6.23B	6.08B
Depreciation & amortization	CN¥586M	CN¥844M	CN¥5.37B	CN¥4.85B	CN¥5.19B	CN¥8.93B	CN¥9.73B	CN¥8B	CN¥8.42B	CN¥10.2B
EBITDA	-CN¥5.82B	-CN¥4.12B	-CN¥7.26B	CN¥7.78B	CN¥2.68B	-CN¥13.6B	CN¥3.13B	CN¥23.4B	CN¥41.6B	-CN¥20.8B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.