PDD Holdings (PDD) Cash from Operations (2017 - 2026)
PDD Holdings' Cash from Operations was $3.77 billion in the quarter ended Jun 30, 2026, up 24.8% from $3.02 billion a year earlier and up 58.1% from the prior quarter.
Powered by 
Analysis
PDD Holdings (PDD) Cash from Operations (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, PDD Holdings' Cash from Operations was $16.02 billion through Jun 30, 2026, up 22.0% year-over-year; for the year ended Dec 31, 2025, it came in at $15.29 billion, down 8.5% from the prior year.
- Cash from Operations shows a five-year compound annual growth rate of 28.8% (years ended Dec 2020 to Dec 2025).
- In earlier years, Cash from Operations was $16.7 billion in the year ended Dec 31, 2024 (+26.0%), $13.26 billion in the year ended Dec 31, 2023 (+88.6%), $7.03 billion in the year ended Dec 31, 2022 (+55.7%) and $4.52 billion in the year ended Dec 31, 2021 (+4.5%).
- Quarterly Cash from Operations has moved between -$1.43 billion (the quarter ended Mar 31, 2022) and $6.41 billion (the quarter ended Sep 30, 2025) over five years.
- Compared with a year earlier, Cash from Operations was higher in three of the last eight quarters, with an average decline of 3.2%.
- The best year-over-year quarter for Cash from Operations over five years was the quarter ended Sep 30, 2023 (growth of 172.3%); the worst was the quarter ended Jun 30, 2025 (a decline of 49.9%).
- Per Business Quant data, PDD's Cash from Operations in the three quarters before the quarter ended Jun 30, 2026 was $2.38 billion (quarter ended Mar 31, 2026), $3.45 billion (quarter ended Dec 31, 2025) and $6.41 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 39.07 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 31.86 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 1.74 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 3.38 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 658.00 Mn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 2.86 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 3.72 Bn |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 3.77 Bn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 948.49 Mn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 1.27 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.77 Bn |
| Mar 31, 2026 | 2.38 Bn |
| Dec 31, 2025 | 3.45 Bn |
| Sep 30, 2025 | 6.41 Bn |
| Jun 30, 2025 | 3.02 Bn |
| Mar 31, 2025 | 2.14 Bn |
| Dec 31, 2024 | 4.05 Bn |
| Sep 30, 2024 | 3.92 Bn |
| Jun 30, 2024 | 6.03 Bn |
| Mar 31, 2024 | 2.92 Bn |
| Dec 31, 2023 | 5.20 Bn |
| Sep 30, 2023 | 4.46 Bn |
| Jun 30, 2023 | 3.23 Bn |
| Mar 31, 2023 | 194.83 Mn |
| Dec 31, 2022 | 3.85 Bn |
| Sep 30, 2022 | 1.64 Bn |
| Jun 30, 2022 | 2.89 Bn |
| Mar 31, 2022 | -1.43 Bn |
| Dec 31, 2021 | 2.57 Bn |
| Sep 30, 2021 | 1.36 Bn |
API Access
PDD Holdings Cash from Operations 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=cash-from-operations&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();