PDD Holdings (PDD) Free Cash Flow (2017 - 2026)

PDD Holdings has reported Free Cash Flow for 9 years, with the latest figure at $3.4 billion in Q4 2025.

• Quarterly Free Cash Flow fell 14.8% year-over-year to $3.4 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $15.0 billion (down 10.98% YoY) and the FY2025 annual result came in at $14.7 billion, down 12.55% from the prior year.
• Free Cash Flow fell to $3.4 billion in Q4 2025 per PDD's latest filing, from $6.4 billion in the prior quarter.
• Over five years, Free Cash Flow peaked at $6.4 billion in Q3 2025 and troughed at -$1.4 billion in Q1 2022.
• A 5-year average of $2.8 billion and a median of $3.0 billion in 2024 frame the typical range for Free Cash Flow.
• The sharpest annual moves came in 2021 and 2024: Free Cash Flow slumped 607.15% in 2021, then surged 1391.83% in 2024.
• Over 5 years, Free Cash Flow stood at $2.6 billion in 2021, then jumped by 49.58% to $3.8 billion in 2022, then jumped by 34.98% to $5.2 billion in 2023, then decreased by 22.09% to $4.0 billion in 2024, then fell by 14.8% to $3.4 billion in 2025.
• According to Business Quant data, Free Cash Flow over the past three periods registered $3.4 billion, $6.4 billion, and $3.0 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.