Growth Metrics

PDD Holdings (PDD) FCF Margin (2017 - 2025)

Historic FCF Margin for Holdings (PDD) over the last 9 years, with Q3 2025 value amounting to 41.95%.

  • Holdings' FCF Margin rose 142500.0% to 41.95% in Q3 2025 from the same period last year, while for Sep 2025 it was 26.79%, marking a year-over-year decrease of 79100.0%. This contributed to the annual value of 31.2% for FY2024, which is 65800.0% down from last year.
  • Latest data reveals that Holdings reported FCF Margin of 41.95% as of Q3 2025, which was up 142500.0% from 20.61% recorded in Q2 2025.
  • In the past 5 years, Holdings' FCF Margin ranged from a high of 66.68% in Q4 2022 and a low of 38.11% during Q1 2022
  • Moreover, its 5-year median value for FCF Margin was 32.82% (2022), whereas its average is 30.56%.
  • Its FCF Margin has fluctuated over the past 5 years, first tumbled by -254700bps in 2021, then surged by 416700bps in 2023.
  • Quarter analysis of 5 years shows Holdings' FCF Margin stood at 60.22% in 2021, then increased by 11bps to 66.68% in 2022, then plummeted by -38bps to 41.51% in 2023, then tumbled by -36bps to 26.71% in 2024, then soared by 57bps to 41.95% in 2025.
  • Its FCF Margin stands at 41.95% for Q3 2025, versus 20.61% for Q2 2025 and 16.19% for Q1 2025.