PDD Holdings (PDD) Exchange Rate Effect (2017 - 2025)
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.
PDD Holdings (PDD) Exchange Rate Effect (2017 - 2025) 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,924.97 Bn | 2,801.98 Bn | 198.88 Bn | -54.00 Mn |
| 2 | PDD Holdings | 506.99 Bn | 447.44 Bn | 9.83 Bn | -155.49 Mn |
| 3 | Mercadolibre | 97.49 Bn | 82.30 Bn | 4.16 Bn | 21.00 Mn |
| 4 | DoorDash | 92.70 Bn | 87.35 Bn | 2.35 Bn | 4.00 Mn |
| 5 | JD.com | 87.54 Bn | 58.36 Bn | 7.66 Bn | -219.00 Mn |
| 6 | Sea | 78.10 Bn | 69.58 Bn | 3.15 Bn | -54.24 Mn |
| 7 | Ebay | 47.48 Bn | 44.17 Bn | 2.30 Bn | -11.00 Mn |
| 8 | Coupang | 29.78 Bn | 23.67 Bn | 2.49 Bn | -94.00 Mn |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | - |
| 10 | Wayfair | 13.68 Bn | 12.53 Bn | 1.05 Bn | 1.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | -144.38 Mn |
| Dec 31, 2023 | -144.38 Mn |
| Sep 30, 2023 | 27.56 Mn |
| Sep 30, 2023 | 27.56 Mn |