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

PDD Holdings has disclosed Free Cash Flow across 9 years of filings, most recently posting $3.4 billion for Q4 2025.

• Free Cash Flow for Q4 2025 came in at $3.4 billion, down 14.8% year-over-year; the trailing twelve-month figure through Dec 2025 was $15.0 billion (down 11.58% YoY), and the FY2025 annual result was $15.1 billion, down 9.78% from the prior year.
• Free Cash Flow came in at $3.4 billion for Q4 2025 at PDD Holdings, down from $6.4 billion in the prior quarter.
• In the past five years, Free Cash Flow ranged from a high of $6.4 billion in Q3 2025 to a low of -$1.4 billion in Q1 2022.
• The 5-year median for Free Cash Flow is $3.0 billion (2024), against an average of $2.8 billion.
• Across the five-year window, Free Cash Flow plunged 809.83% in 2021 and surged 1397.59% in 2024, its largest moves.
• 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 fell by 22.09% to $4.0 billion in 2024, then dropped by 14.8% to $3.4 billion in 2025.
• The last three Free Cash Flow figures came in at $3.4 billion (Q4 2025), $6.4 billion (Q3 2025), and $3.0 billion (Q2 2025), per Business Quant data.