PDD Holdings (PDD) Accumulated Expenses (2018 - 2025)
PDD Holdings (PDD) posted Accumulated Expenses of $689.5 million for Q4 2025, up 23.0% sequentially from $560.6 million in Q4 2024, and up 23.0% YoY from $560.6 million in Q4 2024.
PDD Holdings (PDD) Accumulated Expenses (2018 - 2025) Analysis & Trends
PDD Holdings has reported Accumulated Expenses for 8 years, with the latest figure at $689.5 million in Q4 2025.
- Quarterly Accumulated Expenses rose 23.0% year-over-year to $689.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $689.5 million (up 23.0% YoY) and the FY2025 annual result came in at $699.3 million, up 26.76% from the prior year.
- Accumulated Expenses climbed to $689.5 million in Q4 2025 per PDD's latest filing, from $560.6 million in the prior quarter.
- Over five years, Accumulated Expenses peaked at $689.5 million in Q4 2025 and troughed at $304.9 million in Q4 2021.
- A 5-year average of $466.4 million and a median of $444.5 million in 2023 frame the typical range for Accumulated Expenses.
- The sharpest annual moves came in 2022 and 2023: Accumulated Expenses rose 9.06% in 2022, then soared 33.67% in 2023.
- Over 5 years, Accumulated Expenses stood at $304.9 million in 2021, then increased by 9.06% to $332.5 million in 2022, then soared by 33.67% to $444.5 million in 2023, then increased by 26.13% to $560.6 million in 2024, then rose by 23.0% to $689.5 million in 2025.
- According to Business Quant data, Accumulated Expenses over the past three periods registered $689.5 million, $560.6 million, and $444.5 million for Q4 2025, Q4 2024, and Q4 2023 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,930.57 Bn | 2,807.58 Bn | 198.88 Bn |
| 2 | PDD Holdings | 507.04 Bn | 447.50 Bn | 9.83 Bn |
| 3 | Mercadolibre | 97.44 Bn | 82.25 Bn | 4.16 Bn |
| 4 | DoorDash | 92.75 Bn | 87.40 Bn | 2.35 Bn |
| 5 | JD.com | 87.43 Bn | 58.25 Bn | 7.66 Bn |
| 6 | Sea | 78.00 Bn | 69.48 Bn | 3.15 Bn |
| 7 | Ebay | 47.53 Bn | 44.22 Bn | 2.30 Bn |
| 8 | Coupang | 29.75 Bn | 23.64 Bn | 2.49 Bn |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn |
Historic Data
Download 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 | 304.87 Mn |
| Dec 31, 2020 | 272.63 Mn |
| Sep 30, 2020 | 538.08 Mn |
| Dec 31, 2019 | 150.57 Mn |
| Dec 31, 2018 | 321.90 Mn |