PDD Holdings (PDD) Invested Capital (2017 - 2025)

PDD Holdings has disclosed Invested Capital across 9 years of filings, most recently posting $58.3 billion for Q4 2025.

• Invested Capital for Q4 2025 came in at $58.3 billion, up 31.4% year-over-year; the trailing twelve-month figure through Dec 2025 was $58.3 billion (up 31.4% YoY), and the FY2025 annual result was $58.3 billion, up 33.52% from the prior year.
• Invested Capital came in at $58.3 billion for Q4 2025 at PDD Holdings, up from $55.4 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $58.3 billion in Q4 2025 to a low of $9.5 billion in Q1 2021.
• The 5-year median for Invested Capital is $23.5 billion (2023), against an average of $27.7 billion.
• Peak annual rise in Invested Capital reached 210.43% in 2021, while the deepest fall reached 25.7% in 2021.
• PDD Holdings' Invested Capital stood at $12.1 billion in 2021, then surged by 53.55% to $18.5 billion in 2022, then surged by 40.97% to $26.1 billion in 2023, then jumped by 69.98% to $44.4 billion in 2024, then jumped by 31.4% to $58.3 billion in 2025.
• The last three Invested Capital figures came in at $58.3 billion (Q4 2025), $55.4 billion (Q3 2025), and $50.8 billion (Q2 2025), per Business Quant data.