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| Date | Value |
|---|---|
| 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 |