PDD Holdings (PDD) Change in Accured Expenses (2017 - 2025)
PDD Holdings' (PDD) quarterly Change in Accured Expenses came in at $11.3 billion in Q4 2025, up 17.38% year-on-year from $9.6 billion in Q4 2024, and down 9.69% quarter-over-quarter from $12.5 billion in Q3 2025.
PDD Holdings (PDD) Change in Accured Expenses (2017 - 2025) Analysis & Trends
PDD Holdings has disclosed Change in Accured Expenses across 9 years of filings, most recently posting $11.3 billion for Q4 2025.
- Change in Accured Expenses for Q4 2025 came in at $11.3 billion, up 17.38% year-over-year; the trailing twelve-month figure through Dec 2025 was $11.3 billion (up 17.38% YoY), and the FY2025 annual result was $11.5 billion, up 20.98% from the prior year.
- Change in Accured Expenses came in at $11.3 billion for Q4 2025 at PDD Holdings, down from $12.5 billion in the prior quarter.
- In the past five years, Change in Accured Expenses ranged from a high of $12.5 billion in Q3 2025 to a low of $1.4 billion in Q2 2021.
- The 5-year median for Change in Accured Expenses is $5.1 billion (2023), against an average of $6.0 billion.
- Across the five-year window, Change in Accured Expenses surged 282.0% in 2021 and climbed 13.1% in 2022, its largest moves.
- PDD Holdings' Change in Accured Expenses stood at $2.2 billion in 2021, then soared by 33.77% to $2.9 billion in 2022, then surged by 160.85% to $7.7 billion in 2023, then advanced by 25.21% to $9.6 billion in 2024, then increased by 17.38% to $11.3 billion in 2025.
- The last three Change in Accured Expenses figures came in at $11.3 billion (Q4 2025), $12.5 billion (Q3 2025), and $10.7 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Accured Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | -8.05 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 340.00 Mn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | -27.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 11.30 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | - |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -130.00 Mn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -63.00 Mn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | -51.00 Mn |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | -33.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 11.30 Bn |
| Dec 31, 2025 | 11.30 Bn |
| Sep 30, 2025 | 12.51 Bn |
| Sep 30, 2025 | 12.51 Bn |
| Jun 30, 2025 | 10.73 Bn |
| Jun 30, 2025 | 10.73 Bn |
| Mar 31, 2025 | 10.50 Bn |
| Mar 31, 2025 | 10.50 Bn |
| Dec 31, 2024 | 9.63 Bn |
| Dec 31, 2024 | 9.63 Bn |
| Sep 30, 2024 | 10.60 Bn |
| Sep 30, 2024 | 10.60 Bn |
| Jun 30, 2024 | 9.46 Bn |
| Jun 30, 2024 | 9.46 Bn |
| Mar 31, 2024 | 7.51 Bn |
| Mar 31, 2024 | 7.51 Bn |
| Dec 31, 2023 | 7.69 Bn |
| Dec 31, 2023 | 7.69 Bn |
| Sep 30, 2023 | 6.02 Bn |
| Sep 30, 2023 | 6.02 Bn |