Growth Metrics

PDD Holdings (PDD) Cost of Revenue (2017 - 2025)

Historic Cost of Revenue for Holdings (PDD) over the last 9 years, with Q3 2025 value amounting to $4.3 billion.

  • Holdings' Cost of Revenue fell 194.45% to $4.3 billion in Q3 2025 from the same period last year, while for Sep 2025 it was $17.0 billion, marking a year-over-year increase of 1363.03%. This contributed to the annual value of $21.1 billion for FY2024, which is 6550.63% up from last year.
  • According to the latest figures from Q3 2025, Holdings' Cost of Revenue is $4.3 billion, which was down 194.45% from $3.8 billion recorded in Q2 2025.
  • In the past 5 years, Holdings' Cost of Revenue ranged from a high of $4.6 billion in Q1 2025 and a low of $1.6 billion during Q3 2021
  • Moreover, its 5-year median value for Cost of Revenue was $2.6 billion (2022), whereas its average is $2.9 billion.
  • Within the past 5 years, the most significant YoY rise in Holdings' Cost of Revenue was 9251.15% (2021), while the steepest drop was 2089.97% (2021).
  • Holdings' Cost of Revenue (Quarter) stood at $1.8 billion in 2021, then skyrocketed by 44.15% to $2.6 billion in 2022, then skyrocketed by 45.94% to $3.8 billion in 2023, then grew by 14.5% to $4.3 billion in 2024, then decreased by 0.85% to $4.3 billion in 2025.
  • Its last three reported values are $4.3 billion in Q3 2025, $3.8 billion for Q2 2025, and $4.6 billion during Q1 2025.