PDD Holdings (PDD) Equity Average (2019 - 2025)

PDD Holdings' (PDD) quarterly Equity Average came in at $56.6 billion in Q4 2025, up 35.96% year-on-year from $41.7 billion in Q4 2024, and up 7.37% quarter-over-quarter from $52.7 billion in Q3 2025.

PDD Holdings (PDD) Equity Average (2019 - 2025) Analysis & Trends

PDD Holdings has disclosed Equity Average across 7 years of filings, most recently posting $56.6 billion for Q4 2025.

  • Equity Average for Q4 2025 came in at $56.6 billion, up 35.96% year-over-year; the trailing twelve-month figure through Dec 2025 was $56.6 billion (up 35.96% YoY), and the FY2025 annual result was $51.0 billion, up 47.25% from the prior year.
  • Equity Average came in at $56.6 billion for Q4 2025 at PDD Holdings, up from $52.7 billion in the prior quarter.
  • In the past five years, Equity Average ranged from a high of $56.6 billion in Q4 2025 to a low of $9.3 billion in Q1 2021.
  • The 5-year median for Equity Average is $20.2 billion (2023), against an average of $26.0 billion.
  • Across the five-year window, Equity Average surged 183.38% in 2021 and increased 28.19% in 2022, its largest moves.
  • PDD Holdings' Equity Average stood at $11.2 billion in 2021, then jumped by 41.67% to $15.8 billion in 2022, then jumped by 52.49% to $24.1 billion in 2023, then soared by 72.77% to $41.7 billion in 2024, then surged by 35.96% to $56.6 billion in 2025.
  • The last three Equity Average figures came in at $56.6 billion (Q4 2025), $52.7 billion (Q3 2025), and $48.0 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 426.49 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 7.01 Bn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 10.12 Bn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn 56.63 Bn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 4.45 Bn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 4.28 Bn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn -2.81 Bn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 2.46 Bn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn 461.05 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 56.63 Bn
Sep 30, 2025 52.75 Bn
Jun 30, 2025 47.97 Bn
Mar 31, 2025 44.53 Bn
Dec 31, 2024 41.65 Bn
Sep 30, 2024 37.32 Bn
Jun 30, 2024 32.62 Bn
Mar 31, 2024 28.15 Bn
Dec 31, 2023 24.11 Bn
Sep 30, 2023 21.13 Bn
Jun 30, 2023 19.23 Bn
Mar 31, 2023 17.49 Bn
Dec 31, 2022 15.81 Bn
Sep 30, 2022 14.32 Bn
Jun 30, 2022 12.83 Bn
Mar 31, 2022 11.92 Bn
Dec 31, 2021 11.16 Bn
Sep 30, 2021 10.31 Bn
Jun 30, 2021 9.78 Bn
Mar 31, 2021 9.30 Bn