PDD Holdings Inc. (PDD) Free Cash Flow (2017 - 2025)

PDD Holdings (PDD) has 9 years of Free Cash Flow data on file, last reported 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 11.42% YoY) and the FY2025 annual result came in at $14.9 billion, down 10.95% 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.
• The five-year high for Free Cash Flow was $6.4 billion in Q3 2025, with the low at -$1.4 billion in Q1 2022.
• Average Free Cash Flow over 5 years is $2.8 billion, with a median of $3.0 billion recorded in 2024.
• Year-over-year, Free Cash Flow slumped 599.63% in 2021 and surged 1406.35% in 2024.
• PDD Holdings' Free Cash Flow stood at $2.6 billion in 2021, then surged by 49.58% to $3.8 billion in 2022, then surged by 34.98% to $5.2 billion in 2023, then slipped by 22.09% to $4.0 billion in 2024, then retreated by 14.8% to $3.4 billion in 2025.
• Business Quant data shows PDD's Free Cash Flow at $3.4 billion in Q4 2025, $6.4 billion in Q3 2025, and $3.0 billion in Q2 2025.