PDD Holdings (PDD) Accumulated Expenses (2017 - 2025)
PDD Holdings' (PDD) quarterly Accumulated Expenses came in at $689.5 million in Q4 2025, up 23.0% year-over-year from $560.6 million in Q4 2024, and up 23.0% quarter-over-quarter from $560.6 million in Q4 2024.
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Analysis
PDD Holdings (PDD) Accumulated Expenses (2017 - 2025) Analysis & Trends
PDD Holdings has disclosed Accumulated Expenses across 9 years of filings, most recently posting $689.5 million for Q4 2025.
- In Q4 2025, Accumulated Expenses rose 23.0% year-over-year to $689.5 million; the TTM figure through Dec 2025 stood at $689.5 million (up 23.0% YoY), while the FY2025 annual figure was $699.3 million, up 26.76% from the prior year.
- Accumulated Expenses came in at $689.5 million for Q4 2025 at PDD Holdings, up from $560.6 million in the prior quarter.
- In the past five years, Accumulated Expenses ranged from a high of $689.5 million in Q4 2025 to a low of $3.8 million in Q4 2021.
- Average Accumulated Expenses over 5 years is $406.2 million, with a median of $444.5 million recorded in 2023.
- Year-over-year, Accumulated Expenses sank 99.64% in 2021 and surged 8538.85% in 2022.
- Over 5 years, Accumulated Expenses stood at $3.8 million in 2021, then surged by 8538.85% to $332.5 million in 2022, then jumped by 33.67% to $444.5 million in 2023, then climbed by 26.13% to $560.6 million in 2024, then grew by 23.0% to $689.5 million in 2025.
- Per Business Quant data, the three most recent Accumulated Expenses figures were $689.5 million in Q4 2025, $560.6 million in Q4 2024, and $444.5 million in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 689.52 Mn |
| Dec 31, 2024 | 560.60 Mn |
| Dec 31, 2023 | 444.45 Mn |
| Dec 31, 2022 | 332.49 Mn |
| Dec 31, 2021 | 3.85 Mn |
| Dec 31, 2020 | 1.06 Bn |
| Sep 30, 2020 | 618.83 Mn |
| Dec 31, 2019 | 3.34 Mn |
| Dec 31, 2018 | 2.71 Mn |
| Dec 31, 2017 | 2.02 Mn |
API Access
PDD Holdings Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "PDD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();