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| Date | Value |
|---|---|
| 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 |