PDD Holdings (PDD) Free Cash Flow (2017 - 2026)
PDD Holdings' Free Cash Flow came in at $3.77 billion for the quarter ended Jun 30, 2026, up 26.0% from $2.99 billion a year earlier and up 58.8% from the prior quarter.
Powered by 
Analysis
PDD Holdings (PDD) Free Cash Flow (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, PDD Holdings reported Free Cash Flow of $15.97 billion, up 22.7% year-over-year; for the year ended Dec 31, 2025, it came in at $15.29 billion, down 9.9% from the prior year.
- Free Cash Flow carries a five-year compound annual growth rate of 28.7% (years ended Dec 2020 to Dec 2025).
- Going back by year, Free Cash Flow was $16.97 billion in the year ended Dec 31, 2024 (+27.4%), $13.32 billion in the year ended Dec 31, 2023 (+84.4%), $7.22 billion in the year ended Dec 31, 2022 (+61.9%) and $4.46 billion in the year ended Dec 31, 2021 (+3.1%).
- The five-year range for quarterly Free Cash Flow is -$1.43 billion (the quarter ended Mar 31, 2022) to $6.38 billion (the quarter ended Sep 30, 2025).
- Year-over-year, Free Cash Flow increased in three of the last eight quarters, with an average decline of 3.3%.
- The fastest year-over-year change in Free Cash Flow over five years came in the quarter ended Sep 30, 2023 (growth of 164.1%), and the weakest in the quarter ended Jun 30, 2025 (a decline of 50.5%).
- Business Quant data shows PDD's Free Cash Flow at $2.37 billion (quarter ended Mar 31, 2026), $3.45 billion (quarter ended Dec 31, 2025) and $6.38 billion (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | -5.86 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 1.75 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 1.53 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 13.31 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 654.00 Mn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 2.79 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 3.64 Bn |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 3.77 Bn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 971.73 Mn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 1.27 Bn |
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 | 2.89 Bn |
| Mar 31, 2022 | -1.43 Bn |
| Dec 31, 2021 | 2.57 Bn |
| Sep 30, 2021 | 1.36 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();