PDD Holdings (PDD) EBITDA (2017 - 2025)
PDD Holdings (PDD) posted EBITDA of $4.0 billion for Q4 2025, up 13.36% sequentially from $3.5 billion in Q3 2025, and up 13.06% YoY from $3.5 billion in Q4 2024.
PDD Holdings (PDD) EBITDA (2017 - 2025) Analysis & Trends
PDD Holdings has reported EBITDA for 9 years, with the latest figure at $4.0 billion in Q4 2025.
- Quarterly EBITDA rose 13.06% year-over-year to $4.0 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $13.3 billion (down 11.35% YoY) and the FY2025 annual result came in at $13.0 billion, down 14.14% from the prior year.
- EBITDA rose to $4.0 billion in Q4 2025 per PDD's latest filing, from $3.5 billion in the prior quarter.
- Over five years, EBITDA peaked at $1597.2 billion in Q4 2021 and troughed at -$639.8 million in Q1 2021.
- A 5-year average of $81.9 billion and a median of $2.3 billion in 2023 frame the typical range for EBITDA.
- The sharpest annual moves came in 2021 and 2022: EBITDA jumped 508843.77% in 2021, then plunged 99.92% in 2022.
- Over 5 years, EBITDA stood at $1597.2 billion in 2021, then slumped by 99.92% to $1.3 billion in 2022, then surged by 138.71% to $3.2 billion in 2023, then rose by 11.15% to $3.5 billion in 2024, then advanced by 13.06% to $4.0 billion in 2025.
- According to Business Quant data, EBITDA over the past three periods registered $4.0 billion, $3.5 billion, and $3.6 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.95 Bn | 2,819.97 Bn | 198.88 Bn | 51.31 Bn |
| 2 | PDD Holdings | 508.05 Bn | 448.51 Bn | 9.83 Bn | 3.96 Bn |
| 3 | Mercadolibre | 97.02 Bn | 81.83 Bn | 4.16 Bn | 683.00 Mn |
| 4 | DoorDash | 93.69 Bn | 88.35 Bn | 2.35 Bn | 156.00 Mn |
| 5 | JD.com | 87.61 Bn | 58.43 Bn | 7.66 Bn | 549.62 Mn |
| 6 | Sea | 78.10 Bn | 69.58 Bn | 3.15 Bn | 573.57 Mn |
| 7 | Ebay | 47.48 Bn | 44.17 Bn | 2.30 Bn | 676.00 Mn |
| 8 | Coupang | 29.69 Bn | 23.58 Bn | 2.49 Bn | -556.00 Mn |
| 9 | Zkh | 15.94 Bn | 15.94 Bn | 51.11 Mn | -3.25 Mn |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn | 104.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.96 Bn |
| Sep 30, 2025 | 3.50 Bn |
| Jun 30, 2025 | 3.60 Bn |
| Mar 31, 2025 | 2.21 Bn |
| Dec 31, 2024 | 3.51 Bn |
| Sep 30, 2024 | 3.39 Bn |
| Jun 30, 2024 | 4.48 Bn |
| Mar 31, 2024 | 3.60 Bn |
| Dec 31, 2023 | 3.15 Bn |
| Sep 30, 2023 | 2.30 Bn |
| Jun 30, 2023 | 1.82 Bn |
| Mar 31, 2023 | 1.01 Bn |
| Dec 31, 2022 | 1.32 Bn |
| Sep 30, 2022 | 1.53 Bn |
| Jun 30, 2022 | 1.30 Bn |
| Mar 31, 2022 | 339.85 Mn |
| Dec 31, 2021 | 1,597.24 Bn |
| Sep 30, 2021 | 332.01 Mn |
| Jun 30, 2021 | 309.37 Mn |
| Mar 31, 2021 | -639.75 Mn |