PDD Holdings (PDD) Accounts Payables (2017 - 2025)
PDD Holdings (PDD) posted Accounts Payables of $11.5 billion for Q4 2025, down 7.98% sequentially from $12.5 billion in Q3 2025, and up 19.61% YoY from $9.6 billion in Q4 2024.
PDD Holdings (PDD) Accounts Payables (2017 - 2025) Analysis & Trends
PDD Holdings has reported Accounts Payables for 9 years, with the latest figure at $11.5 billion in Q4 2025.
- Quarterly Accounts Payables rose 19.61% year-over-year to $11.5 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $11.5 billion (up 19.61% YoY) and the FY2025 annual result came in at $11.7 billion, up 23.27% from the prior year.
- Accounts Payables retreated to $11.5 billion in Q4 2025 per PDD's latest filing, from $12.5 billion in the prior quarter.
- Over five years, Accounts Payables peaked at $12.5 billion in Q3 2025 and troughed at $1.4 billion in Q2 2021.
- A 5-year average of $6.0 billion and a median of $5.1 billion in 2023 frame the typical range for Accounts Payables.
- The sharpest annual moves came in 2022 and 2023: Accounts Payables increased 13.1% in 2022, then jumped 200.78% in 2023.
- Over 5 years, Accounts Payables stood at $2.2 billion in 2021, then surged by 33.77% to $2.9 billion in 2022, then jumped by 160.85% to $7.7 billion in 2023, then grew by 25.21% to $9.6 billion in 2024, then grew by 19.61% to $11.5 billion in 2025.
- According to Business Quant data, Accounts Payables over the past three periods registered $11.5 billion, $12.5 billion, and $10.7 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Accounts Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,938.11 Bn | 2,815.12 Bn | 198.88 Bn | 147.44 Bn |
| 2 | PDD Holdings | 506.15 Bn | 446.60 Bn | 9.83 Bn | 11.51 Bn |
| 3 | Mercadolibre | 98.09 Bn | 82.90 Bn | 4.16 Bn | 5.74 Bn |
| 4 | DoorDash | 93.45 Bn | 88.10 Bn | 2.35 Bn | 301.00 Mn |
| 5 | JD.com | 87.02 Bn | 57.84 Bn | 7.66 Bn | 27.03 Bn |
| 6 | Sea | 77.91 Bn | 69.39 Bn | 3.15 Bn | 539.14 Mn |
| 7 | Ebay | 47.32 Bn | 44.01 Bn | 2.30 Bn | 353.00 Mn |
| 8 | Coupang | 29.67 Bn | 23.56 Bn | 2.49 Bn | 6.33 Bn |
| 9 | Zkh | 16.25 Bn | 16.25 Bn | 51.11 Mn | 360,623.00 |
| 10 | Wayfair | 13.69 Bn | 12.55 Bn | 1.05 Bn | 1.32 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 11.51 Bn |
| Sep 30, 2025 | 12.51 Bn |
| Jun 30, 2025 | 10.73 Bn |
| Mar 31, 2025 | 10.50 Bn |
| Dec 31, 2024 | 9.63 Bn |
| Sep 30, 2024 | 10.60 Bn |
| Jun 30, 2024 | 9.46 Bn |
| Mar 31, 2024 | 7.51 Bn |
| Dec 31, 2023 | 7.69 Bn |
| Sep 30, 2023 | 6.02 Bn |
| Jun 30, 2023 | 4.26 Bn |
| Mar 31, 2023 | 3.13 Bn |
| Dec 31, 2022 | 2.95 Bn |
| Sep 30, 2022 | 2.00 Bn |
| Jun 30, 2022 | 2.06 Bn |
| Mar 31, 2022 | 2.03 Bn |
| Dec 31, 2021 | 2.20 Bn |
| Sep 30, 2021 | 1.77 Bn |
| Jun 30, 2021 | 1.40 Bn |
| Mar 31, 2021 | 1.62 Bn |