PDD Holdings (PDD) Free Cash Flow (2017 - 2026)
PDD Holdings' (PDD) quarterly Free Cash Flow came in at $3.8 billion in Q2 2026, up 26.0% year-over-year from $3.0 billion in Q2 2025, and up 58.79% quarter-over-quarter from $2.4 billion in Q1 2026.
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PDD Holdings (PDD) Free Cash Flow (2017 - 2026) Analysis & Trends
PDD Holdings has disclosed Free Cash Flow across 10 years of filings, most recently posting $3.8 billion for Q2 2026.
- In Q2 2026, Free Cash Flow rose 26.0% year-over-year to $3.8 billion; the TTM figure through Jun 2026 stood at $16.0 billion (up 22.73% YoY), while the FY2025 annual figure was $15.3 billion, down 8.49% from the prior year.
- Free Cash Flow came in at $3.8 billion for Q2 2026 at PDD Holdings, up from $2.4 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.
- Average Free Cash Flow over 5 years is $3.2 billion, with a median of $3.4 billion recorded in 2023.
- Year-over-year, Free Cash Flow slumped 148.66% in 2022 and surged 1406.35% in 2024.
- Over 5 years, Free Cash Flow stood at $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, then gained by 9.3% to $3.8 billion in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $3.8 billion in Q2 2026, $2.4 billion in Q1 2026, and $3.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 13.31 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 3.64 Bn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 3.77 Bn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 1.27 Bn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 3.22 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 326.00 Mn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 1.28 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 481.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | 331.98 Mn |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | 159.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.77 Bn |
| Mar 31, 2026 | 2.37 Bn |
| Dec 31, 2025 | 3.45 Bn |
| Sep 30, 2025 | 6.38 Bn |
| Jun 30, 2025 | 2.99 Bn |
| Mar 31, 2025 | 2.13 Bn |
| Dec 31, 2024 | 4.05 Bn |
| Sep 30, 2024 | 3.84 Bn |
| Jun 30, 2024 | 6.05 Bn |
| Mar 31, 2024 | 2.95 Bn |
| Dec 31, 2023 | 5.20 Bn |
| Sep 30, 2023 | 4.50 Bn |
| Jun 30, 2023 | 3.34 Bn |
| Mar 31, 2023 | 195.58 Mn |
| Dec 31, 2022 | 3.85 Bn |
| Sep 30, 2022 | 1.70 Bn |
| Jun 30, 2022 | 2.94 Bn |
| Mar 31, 2022 | -1.43 Bn |
| Dec 31, 2021 | 2.57 Bn |
| Sep 30, 2021 | 1.35 Bn |
API Access
PDD Holdings Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "PDD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();