PDD Holdings (PDD) EBT (2017 - 2026)
PDD Holdings (PDD) posted EBT of $4.1 billion for Q4 2025, down 13.02% sequentially from $4.7 billion in Q3 2025, and down 3.33% YoY from $4.2 billion in Q4 2024.
Analysis
PDD Holdings (PDD) EBT (2017 - 2026) Analysis & Trends
PDD Holdings has reported EBT for 9 years, with the latest figure at $4.1 billion in Q4 2025.
- Quarterly EBT fell 3.33% year-over-year to $4.1 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $16.1 billion (down 9.76% YoY) and the FY2025 annual result came in at $17.1 billion, down 6.04% from the prior year.
- EBT declined to $4.1 billion in Q4 2025 per PDD's latest filing, from $4.7 billion in the prior quarter.
- Over five years, EBT peaked at $5.1 billion in Q2 2024 and troughed at -$465.8 million in Q1 2021.
- A 5-year average of $2.5 billion and a median of $2.2 billion in 2023 frame the typical range for EBT.
- The widest YoY moves for EBT: up 452.2% in 2021, down 180.07% in 2021.
- Over 5 years, EBT stood at $1.2 billion in 2021, then climbed by 19.68% to $1.4 billion in 2022, then jumped by 152.92% to $3.6 billion in 2023, then advanced by 15.74% to $4.2 billion in 2024, then fell by 3.33% to $4.1 billion in 2025.
- According to Business Quant data, EBT over the past three periods registered $4.1 billion, $4.7 billion, and $5.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,738.66 Bn | 2,615.68 Bn | 198.88 Bn | 120.69 Bn |
| 2 | PDD Holdings | 116.88 Bn | -48,009.53 Bn | 9.45 Bn | 6.06 Bn |
| 3 | DoorDash | 99.21 Bn | 93.86 Bn | 2.35 Bn | 207.00 Mn |
| 4 | Mercadolibre | 98.87 Bn | 83.68 Bn | 4.16 Bn | 606.00 Mn |
| 5 | Sea | 68.20 Bn | 59.80 Bn | 3.55 Bn | 715.87 Mn |
| 6 | Ebay | 47.01 Bn | 43.70 Bn | 2.30 Bn | 665.00 Mn |
| 7 | JD.com | 39.74 Bn | 7.19 Bn | 16.50 Bn | 2.62 Bn |
| 8 | Coupang | 28.51 Bn | 22.40 Bn | 2.49 Bn | -533.00 Mn |
| 9 | Wayfair | 12.61 Bn | 11.46 Bn | 1.05 Bn | 2.00 Mn |
| 10 | Maplebear | 11.77 Bn | 10.92 Bn | 751.00 Mn | 147.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.06 Bn |
| Mar 31, 2026 | 2.73 Bn |
| 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 | 5.53 Bn |
| Jun 30, 2024 | 5.87 Bn |
| Mar 31, 2024 | 4.34 Bn |
| Dec 31, 2023 | 3.16 Bn |
| Sep 30, 2023 | 3.12 Bn |
| Jun 30, 2023 | 2.35 Bn |
| Mar 31, 2023 | 1.23 Bn |
| Dec 31, 2022 | 1.32 Bn |
| Sep 30, 2022 | 1.91 Bn |
| Jun 30, 2022 | 1.53 Bn |
| Mar 31, 2022 | 466.90 Mn |
| Dec 31, 2021 | 1,597.29 Bn |
| Sep 30, 2021 | 708.71 Mn |