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
DateValue
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