PDD Holdings (PDD) Enterprise Value (2016 - 2026)
PDD Holdings (PDD) posted Enterprise Value of -$59.5 billion for Q4 2025, up 99.4% sequentially from -$9943.2 billion in Q3 2025, and down 29.0% YoY from -$83.9 billion in Q4 2024.
Analysis
PDD Holdings (PDD) Enterprise Value (2016 - 2026) Analysis & Trends
PDD Holdings has reported Enterprise Value for 9 years, with the latest figure at -$59.5 billion in Q4 2025.
- Quarterly Enterprise Value fell 29.0% year-over-year to -$59.5 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$59.5 billion (down 29.0% YoY) and the FY2025 annual result came in at -$58.8 billion, down 27.35% from the prior year.
- Enterprise Value improved to -$59.5 billion in Q4 2025 per PDD's latest filing, from -$9943.2 billion in the prior quarter.
- Over five years, Enterprise Value peaked at -$10.3 billion in Q4 2021 and troughed at -$7950805.7 billion in Q3 2021.
- A 5-year average of -$1147940.2 billion and a median of -$8193.7 billion in 2024 frame the typical range for Enterprise Value.
- The sharpest annual moves came in 2021 and 2022: Enterprise Value slumped 76519515.9% in 2021, then surged 99.91% in 2022.
- Over 5 years, Enterprise Value stood at -$10.3 billion in 2021, then slipped by 25.63% to -$13.0 billion in 2022, then sank by 30.33% to -$16.9 billion in 2023, then plunged by 172.91% to -$46.2 billion in 2024, then declined by 29.0% to -$59.5 billion in 2025.
- According to Business Quant data, Enterprise Value over the past three periods registered -$59.5 billion, -$9943.2 billion, and -$9326.0 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | -122.99 Bn |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | -48,126.41 Bn |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | -5.34 Bn |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | -15.20 Bn |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | -8.40 Bn |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | -3.31 Bn |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | -23.26 Bn |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | -6.11 Bn |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | -1.14 Bn |
| 10 | Maplebear | 11.73 Bn | 10.88 Bn | 751.00 Mn | -850.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -48,126.41 Bn |
| Mar 31, 2026 | -45,221.13 Bn |
| Dec 31, 2025 | -44,203.56 Bn |
| Sep 30, 2025 | -46,322.93 Bn |
| Jun 30, 2025 | -44,799.21 Bn |
| Mar 31, 2025 | -40,514.57 Bn |
| Dec 31, 2024 | -46.16 Bn |
| Sep 30, 2024 | -33,946.49 Bn |
| Jun 30, 2024 | -31,534.76 Bn |
| Mar 31, 2024 | -26,102.92 Bn |
| Dec 31, 2023 | -16.91 Bn |
| Sep 30, 2023 | -20,463.35 Bn |
| Jun 30, 2023 | -21,161.10 Bn |
| Mar 31, 2023 | -20,064,243.38 Bn |
| Dec 31, 2022 | -12.98 Bn |
| Sep 30, 2022 | -16,415.78 Bn |
| Jun 30, 2022 | -15,882.93 Bn |
| Mar 31, 2022 | -15,003.03 Bn |
| Dec 31, 2021 | -10.33 Bn |
| Sep 30, 2021 | -13,415,293.98 Bn |