PDD Holdings (PDD) Current Leases (2018 - 2025)

PDD Holdings' (PDD) quarterly Current Leases came in at $352.3 million in Q4 2025, up 20.16% year-on-year from $293.2 million in Q4 2024, and down 17.49% quarter-over-quarter from $427.0 million in Q3 2025.

PDD Holdings (PDD) Current Leases (2018 - 2025) Analysis & Trends

PDD Holdings has disclosed Current Leases across 8 years of filings, most recently posting $352.3 million for Q4 2025.

  • Current Leases for Q4 2025 came in at $352.3 million, up 20.16% year-over-year; the trailing twelve-month figure through Dec 2025 was $352.3 million (up 20.16% YoY), and the FY2025 annual result was $357.3 million, up 23.84% from the prior year.
  • Current Leases came in at $352.3 million for Q4 2025 at PDD Holdings, down from $427.0 million in the prior quarter.
  • In the past five years, Current Leases ranged from a high of $499.6 million in Q1 2025 to a low of $63.8 million in Q1 2021.
  • The 5-year median for Current Leases is $200.1 million (2023), against an average of $231.5 million.
  • Across the five-year window, Current Leases surged 650.38% in 2021 and slipped 1.63% in 2025, its largest moves.
  • PDD Holdings' Current Leases stood at $66.8 million in 2021, then gained by 26.7% to $84.6 million in 2022, then soared by 169.34% to $228.0 million in 2023, then increased by 28.6% to $293.2 million in 2024, then increased by 20.16% to $352.3 million in 2025.
  • The last three Current Leases figures came in at $352.3 million (Q4 2025), $427.0 million (Q3 2025), and $455.1 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Current Leases (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn -
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 472.00 Mn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 105.00 Mn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn 352.29 Mn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn -
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 557.00 Mn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn 6,826.00
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn -
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 2.00 Mn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 352.29 Mn
Sep 30, 2025 426.97 Mn
Jun 30, 2025 455.08 Mn
Mar 31, 2025 499.62 Mn
Dec 31, 2024 293.19 Mn
Sep 30, 2024 434.03 Mn
Jun 30, 2024 362.57 Mn
Mar 31, 2024 337.61 Mn
Dec 31, 2023 227.99 Mn
Sep 30, 2023 328.57 Mn
Jun 30, 2023 172.12 Mn
Mar 31, 2023 142.47 Mn
Dec 31, 2022 84.65 Mn
Sep 30, 2022 105.47 Mn
Jun 30, 2022 71.31 Mn
Mar 31, 2022 71.56 Mn
Dec 31, 2021 66.81 Mn
Sep 30, 2021 67.95 Mn
Jun 30, 2021 65.61 Mn
Mar 31, 2021 63.85 Mn