PDD Holdings (PDD) Convertible Debt (2019 - 2024)
PDD Holdings' Convertible Debt came in at $737.23 million for the quarter ended Sep 30, 2025, unchanged from $737.56 million a year earlier and down 0.1% from the prior quarter.
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Analysis
PDD Holdings (PDD) Convertible Debt (2019 - 2024) Analysis & Trends
As of Dec 31, 2024, PDD Holdings' Convertible Debt was $727.41 million, down 1.3% from the prior year.
- Convertible Debt carries a five-year compound annual growth rate of -0.7% (years ended Dec 2019 to Dec 2024).
- Going back by year, Convertible Debt was $736.85 million in the year ended Dec 31, 2023 (+222.5%), $228.46 million in the year ended Dec 31, 2022 (-87.7%), $1.85 billion in the year ended Dec 31, 2021 (-16.4%) and $2.21 billion in the year ended Dec 31, 2020 (+193.3%).
- The five-year range for quarterly Convertible Debt is $221.56 million (the quarter ended Dec 31, 2022) to $2.22 billion (the quarter ended Jun 30, 2022).
- Year-over-year, Convertible Debt increased in seven of the last eight quarters, with growth averaging 113.2%.
- The fastest year-over-year change in Convertible Debt over five years came in the quarter ended Sep 30, 2024 (growth of 231.4%), and the weakest in the quarter ended Sep 30, 2023 (a decline of 89.9%).
- Business Quant data shows PDD's Convertible Debt at $738.12 million (quarter ended Jun 30, 2025), $730.64 million (quarter ended Mar 31, 2025) and $739.18 million (quarter ended Dec 31, 2024) in the three quarters before the quarter ended Sep 30, 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 737.56 Mn |
| Jun 30, 2024 | 724.36 Mn |
| Mar 31, 2024 | 725.82 Mn |
| Dec 31, 2023 | 736.11 Mn |
| Sep 30, 2023 | 222.55 Mn |
| Jun 30, 2023 | 225.46 Mn |
| Mar 31, 2023 | 226.39 Mn |
| Dec 31, 2022 | 226.30 Mn |
| Sep 30, 2022 | 2.21 Bn |
| Jun 30, 2022 | 2.22 Bn |
| Mar 31, 2022 | 2.22 Bn |
| Dec 31, 2021 | 1.85 Bn |
| Sep 30, 2021 | 1.81 Bn |
| Jun 30, 2021 | 1.76 Bn |
| Mar 31, 2021 | 1.76 Bn |
| Dec 31, 2020 | 2.21 Bn |
| Sep 30, 2020 | 810.78 Mn |
| Jun 30, 2020 | 788.73 Mn |
| Dec 31, 2019 | 745.33 Mn |
| Sep 30, 2019 | 719.16 Mn |
API Access
PDD Holdings Convertible Debt 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=convertible-debt&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "convertible-debt", "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=convertible-debt&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();