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

PDD Holdings' Free Cash Flow history runs 9 years deep, the most recent figure standing at $3.4 billion for Q4 2025.

• In Q4 2025, Free Cash Flow fell 14.8% year-over-year to $3.4 billion; the TTM figure through Dec 2025 stood at $15.0 billion (down 11.38% YoY), while the FY2025 annual figure 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.
• 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.
• Across the five-year window, Free Cash Flow tumbled 809.83% in 2021 and soared 1397.59% in 2024, its largest moves.
• PDD Holdings' Free Cash Flow stood at $2.6 billion in 2021, then soared by 49.58% to $3.8 billion in 2022, then soared by 34.98% to $5.2 billion in 2023, then retreated by 22.09% to $4.0 billion in 2024, then declined 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.

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