PDD Holdings (PDD) EBT (2017 - 2025)
PDD Holdings' (PDD) quarterly EBT came in at $4.0 billion in Q4 2025, up 13.06% year-on-year from $3.5 billion in Q4 2024, and down 35.87% quarter-over-quarter from $6.2 billion in Q3 2025.
PDD Holdings (PDD) EBT (2017 - 2025) Analysis & Trends
PDD Holdings has disclosed EBT across 9 years of filings, most recently posting $4.0 billion for Q4 2025.
- EBT for Q4 2025 came in at $4.0 billion, up 13.06% year-over-year; the trailing twelve-month figure through Dec 2025 was $11.9 billion (up 31.07% YoY), and the FY2025 annual result was $17.1 billion, down 6.04% from the prior year.
- EBT came in at $4.0 billion for Q4 2025 at PDD Holdings, down from $6.2 billion in the prior quarter.
- In the past five years, EBT ranged from a high of $6.2 billion in Q3 2025 to a low of -$465.8 million in Q1 2021.
- The 5-year median for EBT is $2.3 billion (2025), against an average of $2.7 billion.
- Peak annual rise in EBT reached 489.03% in 2021, while the deepest fall reached 180.07% in 2021.
- PDD Holdings' EBT stood at $1.1 billion in 2021, then gained by 16.94% to $1.3 billion in 2022, then surged by 138.48% to $3.2 billion in 2023, then climbed by 11.11% to $3.5 billion in 2024, then rose by 13.06% to $4.0 billion in 2025.
- The last three EBT figures came in at $4.0 billion (Q4 2025), $6.2 billion (Q3 2025), and $5.0 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 39.83 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 579.00 Mn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 191.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 3.96 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 618.00 Mn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -255.00 Mn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -1.39 Mn |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -104.00 Mn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 188.00 Mn |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 131.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.96 Bn |
| Sep 30, 2025 | 6.18 Bn |
| Jun 30, 2025 | 5.04 Bn |
| Mar 31, 2025 | 2.24 Bn |
| Dec 31, 2024 | 3.51 Bn |
| Sep 30, 2024 | 5.64 Bn |
| Jun 30, 2024 | 5.84 Bn |
| Mar 31, 2024 | 4.30 Bn |
| Dec 31, 2023 | 3.16 Bn |
| Sep 30, 2023 | 3.09 Bn |
| Jun 30, 2023 | 2.35 Bn |
| Mar 31, 2023 | 1.22 Bn |
| Dec 31, 2022 | 1.32 Bn |
| Sep 30, 2022 | 1.84 Bn |
| Jun 30, 2022 | 1.53 Bn |
| Mar 31, 2022 | 467.45 Mn |
| Dec 31, 2021 | 1.13 Bn |
| Sep 30, 2021 | 711.54 Mn |
| Jun 30, 2021 | 589.57 Mn |
| Mar 31, 2021 | -465.82 Mn |