PDD Holdings (PDD) FCF Payout Ratio (2017 - 2025)

PDD Holdings (PDD) posted FCF Payout Ratio of 7.58 for Q4 2025, up 77.39% sequentially from 4.27 in Q4 2024, and up 77.39% YoY from 4.27 in Q4 2024.

PDD Holdings (PDD) FCF Payout Ratio (2017 - 2025) Analysis & Trends

PDD Holdings has reported FCF Payout Ratio for 9 years, with the latest figure at 7.58 in Q4 2025.

Quarterly FCF Payout Ratio rose 77.39% year-over-year to 7.58 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 4.94 (up 42.77% YoY) and the FY2025 annual result came in at 1.77, up 72.83% from the prior year.
FCF Payout Ratio rose to 7.58 in Q4 2025 per PDD's latest filing, from 4.27 in the prior quarter.
Over five years, FCF Payout Ratio peaked at 7.58 in Q4 2025 and troughed at 3.3 in Q4 2023.
A 5-year average of 4.53 and a median of 4.03 in 2021 frame the typical range for FCF Payout Ratio.
The sharpest annual moves came in 2021 and 2025: FCF Payout Ratio fell 20.53% in 2021, then surged 77.39% in 2025.
Over 5 years, FCF Payout Ratio stood at 4.03 in 2021, then fell by 13.67% to 3.48 in 2022, then fell by 5.04% to 3.3 in 2023, then advanced by 29.38% to 4.27 in 2024, then jumped by 77.39% to 7.58 in 2025.
According to Business Quant data, FCF Payout Ratio over the past three periods registered 7.58, 4.27, and 3.3 for Q4 2025, Q4 2024, and Q4 2023 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Cover (Qtr)
1	Amazon Com	2,943.71 Bn	2,820.72 Bn	198.88 Bn	-
2	PDD Holdings	506.82 Bn	447.28 Bn	9.83 Bn	7.58
3	Mercadolibre	97.26 Bn	82.07 Bn	4.16 Bn	-
4	DoorDash	93.44 Bn	88.09 Bn	2.35 Bn	-
5	JD.com	87.41 Bn	58.22 Bn	7.66 Bn	-
6	Sea	77.79 Bn	69.27 Bn	3.15 Bn	-
7	Ebay	47.51 Bn	44.20 Bn	2.30 Bn	0.42
8	Coupang	29.61 Bn	23.50 Bn	2.49 Bn	-
9	Zkh	15.94 Bn	15.94 Bn	51.11 Mn	-
10	Wayfair	13.66 Bn	12.52 Bn	1.05 Bn	-

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