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

PDD Holdings' Invested Capital history runs 9 years deep, the most recent figure standing at $58.4 billion for Q4 2025.

• In Q4 2025, Invested Capital rose 31.74% year-over-year to $58.4 billion; the TTM figure through Dec 2025 stood at $58.4 billion (up 31.74% YoY), while the FY2025 annual figure was $58.4 billion, up 33.87% from the prior year.
• Invested Capital came in at $58.4 billion for Q4 2025 at PDD Holdings, up from $55.1 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $58.4 billion in Q4 2025 to a low of $10.3 billion in Q1 2021.
• A 5-year average of $27.6 billion and a median of $21.8 billion in 2023 frame the typical range for Invested Capital.
• Across the five-year window, Invested Capital surged 198.51% in 2021 and gained 20.95% in 2022, its largest moves.
• PDD Holdings' Invested Capital stood at $12.1 billion in 2021, then soared by 53.55% to $18.5 billion in 2022, then soared by 40.97% to $26.1 billion in 2023, then surged by 69.98% to $44.4 billion in 2024, then jumped by 31.74% to $58.4 billion in 2025.
• According to Business Quant data, Invested Capital over the past three periods registered $58.4 billion, $55.1 billion, and $50.2 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

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