PDD Holdings (PDD) Cash & Equivalents (2017 - 2025)
PDD Holdings (PDD) posted Cash & Equivalents of $15.4 billion for Q4 2025, down 33.1% sequentially from $23.0 billion in Q3 2025, and up 90.92% YoY from $8.0 billion in Q4 2024.
PDD Holdings (PDD) Cash & Equivalents (2017 - 2025) Analysis & Trends
PDD Holdings has reported Cash & Equivalents for 9 years, with the latest figure at $15.4 billion in Q4 2025.
- Quarterly Cash & Equivalents rose 90.92% year-over-year to $15.4 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $15.4 billion (up 90.92% YoY) and the FY2025 annual result came in at $15.6 billion, up 96.77% from the prior year.
- Cash & Equivalents declined to $15.4 billion in Q4 2025 per PDD's latest filing, from $23.0 billion in the prior quarter.
- Over five years, Cash & Equivalents peaked at $3599.0 billion in Q3 2022 and troughed at $1.0 billion in Q4 2021.
- A 5-year average of $346.5 billion and a median of $15.3 billion in 2025 frame the typical range for Cash & Equivalents.
- The sharpest annual moves came in 2022 and 2023: Cash & Equivalents jumped 37085.3% in 2022, then slumped 99.58% in 2023.
- Over 5 years, Cash & Equivalents stood at $1.0 billion in 2021, then jumped by 380.14% to $4.8 billion in 2022, then surged by 72.07% to $8.3 billion in 2023, then fell by 3.16% to $8.0 billion in 2024, then jumped by 90.92% to $15.4 billion in 2025.
- According to Business Quant data, Cash & Equivalents over the past three periods registered $15.4 billion, $23.0 billion, and $18.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,934.55 Bn | 2,811.56 Bn | 198.88 Bn | 78.21 Bn |
| 2 | PDD Holdings | 506.26 Bn | 446.72 Bn | 9.83 Bn | 15.35 Bn |
| 3 | Mercadolibre | 98.07 Bn | 82.88 Bn | 4.16 Bn | 13.11 Bn |
| 4 | DoorDash | 93.17 Bn | 87.82 Bn | 2.35 Bn | 4.42 Bn |
| 5 | JD.com | 86.93 Bn | 57.74 Bn | 7.66 Bn | 14.70 Bn |
| 6 | Sea | 77.71 Bn | 69.19 Bn | 3.15 Bn | 6.30 Bn |
| 7 | Ebay | 47.41 Bn | 44.11 Bn | 2.30 Bn | 2.31 Bn |
| 8 | Coupang | 29.62 Bn | 23.51 Bn | 2.49 Bn | 6.11 Bn |
| 9 | Zkh | 16.33 Bn | 16.33 Bn | 51.11 Mn | 155,711.00 |
| 10 | Wayfair | 13.66 Bn | 12.52 Bn | 1.05 Bn | 1.07 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 15.35 Bn |
| Sep 30, 2025 | 22.95 Bn |
| Jun 30, 2025 | 18.13 Bn |
| Mar 31, 2025 | 18.64 Bn |
| Dec 31, 2024 | 8.04 Bn |
| Sep 30, 2024 | 17.91 Bn |
| Jun 30, 2024 | 16.04 Bn |
| Mar 31, 2024 | 16.04 Bn |
| Dec 31, 2023 | 8.30 Bn |
| Sep 30, 2023 | 15.26 Bn |
| Jun 30, 2023 | 11.51 Bn |
| Mar 31, 2023 | 10.29 Bn |
| Dec 31, 2022 | 4.83 Bn |
| Sep 30, 2022 | 3,599.01 Bn |
| Jun 30, 2022 | 1,949.43 Bn |
| Mar 31, 2022 | 1,168.11 Bn |
| Dec 31, 2021 | 1.01 Bn |
| Sep 30, 2021 | 9.68 Bn |
| Jun 30, 2021 | 10.43 Bn |
| Mar 31, 2021 | 9.82 Bn |