PDD Holdings (PDD) Beginning Cash Balance (2016 - 2025)
PDD Holdings' (PDD) quarterly Beginning Cash Balance came in at $23.0 billion in Q4 2025, up 31.65% year-over-year from $17.5 billion in Q4 2024, and up 31.65% quarter-over-quarter from $17.5 billion in Q4 2024.
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Analysis
PDD Holdings (PDD) Beginning Cash Balance (2016 - 2025) Analysis & Trends
PDD Holdings has disclosed Beginning Cash Balance across 10 years of filings, most recently posting $23.0 billion for Q4 2025.
- In Q4 2025, Beginning Cash Balance rose 31.65% year-over-year to $23.0 billion; the TTM figure through Dec 2025 stood at $23.0 billion (up 31.65% YoY), while the FY2025 annual figure was $23.4 billion, up 35.69% from the prior year.
- Beginning Cash Balance came in at $23.0 billion for Q4 2025 at PDD Holdings, up from $17.5 billion in the prior quarter.
- In the past five years, Beginning Cash Balance ranged from a high of $23.0 billion in Q4 2025 to a low of $10.5 billion in Q4 2022.
- Average Beginning Cash Balance over 5 years is $15.6 billion, with a median of $15.5 billion recorded in 2023.
- Year-over-year, Beginning Cash Balance surged 74.22% in 2021 and decreased 10.63% in 2022.
- Over 5 years, Beginning Cash Balance stood at $11.7 billion in 2021, then dropped by 10.63% to $10.5 billion in 2022, then surged by 47.82% to $15.5 billion in 2023, then climbed by 13.14% to $17.5 billion in 2024, then surged by 31.65% to $23.0 billion in 2025.
- Per Business Quant data, the three most recent Beginning Cash Balance figures were $23.0 billion in Q4 2025, $17.5 billion in Q4 2024, and $15.5 billion 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 | 23.04 Bn |
| Dec 31, 2024 | 17.50 Bn |
| Dec 31, 2023 | 15.47 Bn |
| Dec 31, 2022 | 10.46 Bn |
| Dec 31, 2021 | 11.71 Bn |
| Dec 31, 2020 | 6.72 Bn |
| Dec 31, 2019 | 4.88 Bn |
| Jun 30, 2019 | 4.45 Bn |
| Dec 31, 2018 | 3.63 Bn |
| Sep 30, 2018 | 1.31 Bn |
| Jun 30, 2018 | 1.30 Bn |
| Dec 31, 2017 | 199.48 Mn |
| Sep 30, 2017 | 701.18 Mn |
| Jun 30, 2017 | 300.65 Mn |
| Dec 31, 2016 | 35.24 Mn |
API Access
PDD Holdings Beginning Cash Balance 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=beginning-cash-balance&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "beginning-cash-balance", "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=beginning-cash-balance&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();