PDD Holdings (PDD) Cash from Operations (2017 - 2025)
PDD Holdings (PDD) posted Cash from Operations of 3449049000.0 for Q4 2025, down 46.23% sequentially from 6413899000.0 in Q3 2025, and down 14.8% YoY from 4047944000.0 in Q4 2024.
PDD Holdings (PDD) Cash from Operations (2017 - 2025) Analysis & Trends
PDD Holdings has reported Cash from Operations for 9 years, with the latest figure at 3449049000.0 in Q4 2025.
- Quarterly Cash from Operations fell 14.8% year-over-year to 3449049000.0 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 15022299000.0 (down 11.18% YoY) and the FY2025 annual result came in at 15292029000.0, down 8.45% from the prior year.
- Cash from Operations fell to 3449049000.0 in Q4 2025 per PDD's latest filing, from 6413899000.0 in the prior quarter.
- Over five years, Cash from Operations peaked at 6413899000.0 in Q3 2025 and troughed at 1430457000.0 in Q1 2022.
- A 5-year average of 2823242350.0 and a median of 2969415000.0 in 2024 frame the typical range for Cash from Operations.
- The sharpest annual moves came in 2021 and 2024: Cash from Operations plunged 809.83% in 2021, then jumped 1397.59% in 2024.
- Over 5 years, Cash from Operations stood at 2573483000.0 in 2021, then jumped by 49.58% to 3849426000.0 in 2022, then jumped by 34.98% to 5195942000.0 in 2023, then decreased by 22.09% to 4047944000.0 in 2024, then fell by 14.8% to 3449049000.0 in 2025.
- According to Business Quant data, Cash from Operations over the past three periods registered 3449049000.0, 6413899000.0, and 3021059000.0 for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,943.71 Bn | 2,820.72 Bn | 198.88 Bn | 71.42 Bn |
| 2 | PDD Holdings | 506.82 Bn | 447.28 Bn | 9.83 Bn | 3.45 Bn |
| 3 | Mercadolibre | 97.26 Bn | 82.07 Bn | 4.16 Bn | 3.66 Bn |
| 4 | DoorDash | 93.44 Bn | 88.09 Bn | 2.35 Bn | 944.00 Mn |
| 5 | JD.com | 87.41 Bn | 58.22 Bn | 7.66 Bn | 80.00 Mn |
| 6 | Sea | 77.79 Bn | 69.27 Bn | 3.15 Bn | 1.06 Bn |
| 7 | Ebay | 47.51 Bn | 44.20 Bn | 2.30 Bn | 549.00 Mn |
| 8 | Coupang | 29.61 Bn | 23.50 Bn | 2.49 Bn | 367.00 Mn |
| 9 | Zkh | 15.94 Bn | 15.94 Bn | 51.11 Mn | - |
| 10 | Wayfair | 13.66 Bn | 12.52 Bn | 1.05 Bn | 360.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |