PDD Holdings (PDD) Exchange Rate Effect (2017 - 2025)
PDD Holdings' (PDD) quarterly Exchange Rate Effect came in at -$155.5 million in Q4 2025, down 175.48% year-on-year from $206.0 million in Q4 2024, and down 79.67% quarter-over-quarter from -$86.5 million in Q3 2025.
PDD Holdings (PDD) Exchange Rate Effect (2017 - 2025) Analysis & Trends
PDD Holdings has disclosed Exchange Rate Effect across 9 years of filings, most recently posting -$155.5 million for Q4 2025.
- Exchange Rate Effect for Q4 2025 came in at -$155.5 million, down 175.48% year-over-year; the trailing twelve-month figure through Dec 2025 was -$248.6 million (down 326.64% YoY), and the FY2025 annual result was -$250.4 million, down 317.57% from the prior year.
- Exchange Rate Effect came in at -$155.5 million for Q4 2025 at PDD Holdings, down from -$86.5 million in the prior quarter.
- In the past five years, Exchange Rate Effect ranged from a high of $206.0 million in Q4 2024 to a low of -$155.5 million in Q4 2025.
- The 5-year median for Exchange Rate Effect is -$1.3 million (2021), against an average of -$9.7 million.
- Peak annual rise in Exchange Rate Effect reached 1700.92% in 2023, while the deepest fall reached 3263.38% in 2023.
- PDD Holdings' 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 jumped by 242.69% to $206.0 million in 2024, then sank by 175.48% to -$155.5 million in 2025.
- The last three Exchange Rate Effect figures came in at -$155.5 million (Q4 2025), -$86.5 million (Q3 2025), and $3.1 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FX Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | -1.00 Mn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 527.00 Mn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | -22.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | -155.49 Mn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | -12.00 Mn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -251.00 Mn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -4.37 Mn |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | 4.00 Mn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | -1.00 Mn |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | - |
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 |