PDD Holdings (PDD) Net Cash Flow (2017 - 2025)

PDD Holdings' (PDD) quarterly Net Cash Flow came in at $2.9 billion in Q4 2025, up 2237.04% year-on-year from $125.0 million in Q4 2024, and down 38.69% quarter-over-quarter from $4.8 billion in Q3 2025.

PDD Holdings (PDD) Net Cash Flow (2017 - 2025) Analysis & Trends

PDD Holdings has disclosed Net Cash Flow across 9 years of filings, most recently posting $2.9 billion for Q4 2025.

  • Net Cash Flow for Q4 2025 came in at $2.9 billion, up 2237.04% year-over-year; the trailing twelve-month figure through Dec 2025 was $8.2 billion (up 1424.0% YoY), and the FY2025 annual result was $8.2 billion, up 1578.23% from the prior year.
  • Net Cash Flow came in at $2.9 billion for Q4 2025 at PDD Holdings, down from $4.8 billion in the prior quarter.
  • In the past five years, Net Cash Flow ranged from a high of $4.8 billion in Q3 2025 to a low of -$3.1 billion in Q1 2023.
  • The 5-year median for Net Cash Flow is $919.1 million (2021), against an average of $752.4 million.
  • Peak annual rise in Net Cash Flow reached 2237.04% in 2025, while the deepest fall reached 561.48% in 2025.
  • PDD Holdings' Net Cash Flow stood at $581.8 million in 2021, then surged by 348.58% to $2.6 billion in 2022, then plunged by 38.2% to $1.6 billion in 2023, then tumbled by 108.48% to -$136.7 million in 2024, then jumped by 2237.04% to $2.9 billion in 2025.
  • The last three Net Cash Flow figures came in at $2.9 billion (Q4 2025), $4.8 billion (Q3 2025), and -$743.8 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 14.59 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 1.08 Bn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 323.00 Mn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn 2.92 Bn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 1.19 Bn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 230.00 Mn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn -476.00 Mn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn -68.00 Mn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn -374.90 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 2.92 Bn
Dec 31, 2025 2.92 Bn
Sep 30, 2025 4.77 Bn
Sep 30, 2025 4.77 Bn
Jun 30, 2025 -743.78 Mn
Jun 30, 2025 -743.78 Mn
Mar 31, 2025 1.26 Bn
Mar 31, 2025 1.26 Bn
Dec 31, 2024 -136.70 Mn
Dec 31, 2024 -136.70 Mn
Sep 30, 2024 1.51 Bn
Sep 30, 2024 1.51 Bn
Jun 30, 2024 161.17 Mn
Jun 30, 2024 161.17 Mn
Mar 31, 2024 -1.00 Bn
Mar 31, 2024 -1.00 Bn
Dec 31, 2023 1.61 Bn
Dec 31, 2023 1.61 Bn
Sep 30, 2023 3.80 Bn
Sep 30, 2023 3.80 Bn