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

PDD Holdings (PDD) has 9 years of FCF Margin data on file, last reported at 19.47% in Q4 2025.

• Quarterly FCF Margin fell 725.0% year-over-year to 19.47% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 24.67% (down 620.0% YoY) and the FY2025 annual result came in at 24.08%, down 687.0% from the prior year.
• FCF Margin eased to 19.47% in Q4 2025 per PDD's latest filing, from 41.94% in the prior quarter.
• The five-year high for FCF Margin was 66.68% in Q4 2022, with the low at 38.11% in Q1 2022.
• Average FCF Margin over 5 years is 30.06%, with a median of 33.06% recorded in 2021.
• The widest YoY moves for FCF Margin: up 4168 bps in 2023, down 2517 bps in 2023.
• PDD Holdings' FCF Margin stood at 60.22% in 2021, then gained by 11 bps to 66.68% in 2022, then slumped by 38 bps to 41.51% in 2023, then slumped by 36 bps to 26.71% in 2024, then decreased by 27 bps to 19.47% in 2025.
• Business Quant data shows PDD's FCF Margin at 19.47% in Q4 2025, 41.94% in Q3 2025, and 20.61% in Q2 2025.