PDD Holdings (PDD) Exchange Rate Effect (2017 - 2026)
PDD Holdings (PDD) posted Exchange Rate Effect of -$155.5 million for Q4 2025, down 79.67% sequentially from -$86.5 million in Q3 2025, and down 175.48% YoY from $206.0 million in Q4 2024.
Analysis
PDD Holdings (PDD) Exchange Rate Effect (2017 - 2026) Analysis & Trends
PDD Holdings has reported Exchange Rate Effect for 9 years, with the latest figure at -$155.5 million in Q4 2025.
- Quarterly Exchange Rate Effect fell 175.48% year-over-year to -$155.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$248.6 million (down 326.64% YoY) and the FY2025 annual result came in at -$250.4 million, down 317.57% from the prior year.
- Exchange Rate Effect fell to -$155.5 million in Q4 2025 per PDD's latest filing, from -$86.5 million in the prior quarter.
- Over five years, Exchange Rate Effect peaked at $206.0 million in Q4 2024 and troughed at -$155.5 million in Q4 2025.
- A 5-year average of -$9.7 million and a median of -$1.3 million in 2021 frame the typical range for Exchange Rate Effect.
- The widest YoY moves for Exchange Rate Effect: up 1700.92% in 2023, down 3263.38% in 2023.
- Over 5 years, Exchange Rate Effect stood at -$4.2 million in 2021, then slumped by 281.94% to -$15.9 million in 2022, then slumped by 810.44% to -$144.4 million in 2023, then soared by 242.69% to $206.0 million in 2024, then sank by 175.48% to -$155.5 million in 2025.
- According to Business Quant data, Exchange Rate Effect over the past three periods registered -$155.5 million, -$86.5 million, and $3.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | -54.00 Mn |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | 182.40 Mn |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | 4.00 Mn |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | 21.00 Mn |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | -41.80 Mn |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | -11.00 Mn |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | -401.00 Mn |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | -94.00 Mn |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | 1.00 Mn |
| 10 | Maplebear | 11.73 Bn | 10.88 Bn | 751.00 Mn | -2.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 182.40 Mn |
| Jun 30, 2026 | 182.40 Mn |
| Mar 31, 2026 | -290.00 Mn |
| Mar 31, 2026 | -290.00 Mn |
| Dec 31, 2025 | -155.49 Mn |
| Dec 31, 2025 | -155.49 Mn |
| Sep 30, 2025 | -86.54 Mn |
| Sep 30, 2025 | -86.54 Mn |
| Jun 30, 2025 | 3.06 Mn |
| Jun 30, 2025 | 3.06 Mn |
| Mar 31, 2025 | -9.58 Mn |
| Mar 31, 2025 | -9.58 Mn |
| Dec 31, 2024 | 206.01 Mn |
| Dec 31, 2024 | 206.01 Mn |
| Sep 30, 2024 | -149.96 Mn |
| Sep 30, 2024 | -149.96 Mn |
| Jun 30, 2024 | 33.13 Mn |
| Jun 30, 2024 | 33.13 Mn |
| Mar 31, 2024 | 20.49 Mn |
| Mar 31, 2024 | 20.49 Mn |