PDD Holdings (PDD) Invested Capital (2018 - 2025)
PDD Holdings (PDD) reported Invested Capital of $44.36 billion for the quarter ended Dec 31, 2024, up 70.0% from $26.1 billion a year earlier.
Powered by 
Analysis
PDD Holdings (PDD) Invested Capital (2018 - 2025) Analysis & Trends
For the year ended Dec 31, 2024, PDD Holdings posted Invested Capital of $44.34 billion, up 66.8% from the prior year.
- Invested Capital has increased for six consecutive years, with a five-year compound annual growth rate of 52.2% (years ended Dec 2019 to Dec 2024).
- By year, Invested Capital came in at $26.59 billion in the year ended Dec 31, 2023 (+35.6%), $19.61 billion in the year ended Dec 31, 2022 (+68.4%), $11.65 billion in the year ended Dec 31, 2021 (+22.5%) and $9.51 billion in the year ended Dec 31, 2020 (+74.9%).
- The figure for the quarter ended Dec 31, 2024 ranks as the highest quarterly Invested Capital in data going back to the quarter ended Dec 31, 2018.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,541.13 Bn | 3,276.03 Bn | 76.16 Bn | 802.65 Bn |
| 2 | Meta Platforms | 1,587.35 Bn | 1,251.87 Bn | 51.23 Bn | 353.31 Bn |
| 3 | Netflix | 272.62 Bn | 233.92 Bn | 6.80 Bn | 44.42 Bn |
| 4 | Alibaba Group Holding | 244.75 Bn | 66.83 Bn | 15.16 Bn | 184.62 Bn |
| 5 | Shopify | 196.93 Bn | 175.73 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 142.58 Bn | 114.55 Bn | 6.38 Bn | 40.94 Bn |
| 7 | Spotify Technology | 129.18 Bn | 86.10 Bn | 1.89 Bn | - |
| 8 | Booking Holdings | 127.15 Bn | 60.90 Bn | - | 9.65 Bn |
| 9 | PDD Holdings | 116.93 Bn | -127.12 Bn | 9.48 Bn | - |
| 10 | Airbnb | 104.06 Bn | 57.29 Bn | 2.98 Bn | 10.28 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 55.72 Bn |
| Jun 30, 2025 | 51.25 Bn |
| Mar 31, 2025 | 46.16 Bn |
| Dec 31, 2024 | 43.66 Bn |
| Jun 30, 2024 | 34.95 Bn |
| Mar 31, 2024 | 30.30 Bn |
| Dec 31, 2023 | 26.44 Bn |
| Sep 30, 2023 | 24.18 Bn |
| Jun 30, 2023 | 22.03 Bn |
| Mar 31, 2023 | 20.42 Bn |
| Dec 31, 2022 | 18.91 Bn |
| Dec 31, 2021 | 11.79 Bn |
| Mar 31, 2021 | 9.61 Bn |
| Dec 31, 2020 | 9.51 Bn |
| Sep 30, 2020 | 4.59 Bn |
| Jun 30, 2020 | 4.56 Bn |
| Dec 31, 2019 | 3.66 Bn |
| Dec 31, 2018 | 2.74 Bn |
API Access
PDD Holdings Invested Capital 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=invested-capital&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();