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
DateValue
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