PDD Holdings (PDD) Cash from Operations (2017 - 2025)

PDD Holdings' (PDD) quarterly Cash from Operations came in at 3449049000.0 in Q4 2025, down 14.8% year-on-year from 4047944000.0 in Q4 2024, and down 46.23% quarter-over-quarter from 6413899000.0 in Q3 2025.

PDD Holdings (PDD) Cash from Operations (2017 - 2025) Analysis & Trends

PDD Holdings has disclosed Cash from Operations across 9 years of filings, most recently posting 3449049000.0 for Q4 2025.

  • Cash from Operations for Q4 2025 came in at 3449049000.0, down 14.8% year-over-year; the trailing twelve-month figure through Dec 2025 was 15022299000.0 (down 11.18% YoY), and the FY2025 annual result was 15292029000.0, down 8.45% from the prior year.
  • Cash from Operations came in at 3449049000.0 for Q4 2025 at PDD Holdings, down from 6413899000.0 in the prior quarter.
  • In the past five years, Cash from Operations ranged from a high of 6413899000.0 in Q3 2025 to a low of 1430457000.0 in Q1 2022.
  • The 5-year median for Cash from Operations is 2969415000.0 (2024), against an average of 2823242350.0.
  • Across the five-year window, Cash from Operations plunged 809.83% in 2021 and surged 1397.59% in 2024, its largest moves.
  • PDD Holdings' Cash from Operations stood at 2573483000.0 in 2021, then surged by 49.58% to 3849426000.0 in 2022, then surged by 34.98% to 5195942000.0 in 2023, then fell by 22.09% to 4047944000.0 in 2024, then dropped by 14.8% to 3449049000.0 in 2025.
  • The last three Cash from Operations figures came in at 3449049000.0 (Q4 2025), 6413899000.0 (Q3 2025), and 3021059000.0 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 26.03 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 2.08 Bn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 594.00 Mn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn 3.45 Bn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 970.00 Mn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 184.00 Mn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn -52.00 Mn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 268.00 Mn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn 108.50 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 3.45 Bn
Dec 31, 2025 3.45 Bn
Sep 30, 2025 6.41 Bn
Sep 30, 2025 6.41 Bn
Jun 30, 2025 3.02 Bn
Jun 30, 2025 3.02 Bn
Mar 31, 2025 2.14 Bn
Mar 31, 2025 2.14 Bn
Dec 31, 2024 4.05 Bn
Dec 31, 2024 4.05 Bn
Sep 30, 2024 3.92 Bn
Sep 30, 2024 3.92 Bn
Jun 30, 2024 6.03 Bn
Jun 30, 2024 6.03 Bn
Mar 31, 2024 2.92 Bn
Mar 31, 2024 2.92 Bn
Dec 31, 2023 5.20 Bn
Dec 31, 2023 5.20 Bn
Sep 30, 2023 4.46 Bn
Sep 30, 2023 4.46 Bn