PDD Holdings (PDD) Net Cash Flow (2017 - 2026)
PDD Holdings' (PDD) quarterly Net Cash Flow came in at $836.5 million in Q2 2026, up 212.47% year-over-year from $267.7 million in Q2 2025, and down 68.73% quarter-over-quarter from $2.7 billion in Q1 2026.
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PDD Holdings (PDD) Net Cash Flow (2017 - 2026) Analysis & Trends
PDD Holdings has disclosed Net Cash Flow across 10 years of filings, most recently posting $836.5 million for Q2 2026.
- In Q2 2026, Net Cash Flow rose 212.47% year-over-year to $836.5 million; the TTM figure through Jun 2026 stood at $11.2 billion (up 502.58% YoY), while the FY2025 annual figure was $9.1 billion, up 1754.75% from the prior year.
- Net Cash Flow came in at $836.5 million for Q2 2026 at PDD Holdings, down from $2.7 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.
- Average Net Cash Flow over 5 years is $1.1 billion, with a median of $1.5 billion recorded in 2023.
- The largest YoY upside for Net Cash Flow was 2237.04% in 2025 against a maximum downside of 559.69% in 2025.
- Over 5 years, Net Cash Flow stood at $2.6 billion in 2022, then slumped by 38.2% to $1.6 billion in 2023, then sank by 108.48% to -$136.7 million in 2024, then jumped by 2237.04% to $2.9 billion in 2025, then sank by 71.37% to $836.5 million in 2026.
- Per Business Quant data, the three most recent Net Cash Flow figures were $836.5 million in Q2 2026, $2.7 billion in Q1 2026, and $2.9 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 1.98 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 1.44 Bn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 836.52 Mn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 1.49 Bn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 1.60 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | -499.00 Mn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 1.30 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 119.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | 24.09 Mn |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | -135.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 836.52 Mn |
| Mar 31, 2026 | 2.67 Bn |
| Dec 31, 2025 | 2.92 Bn |
| Sep 30, 2025 | 4.77 Bn |
| Jun 30, 2025 | -743.75 Mn |
| Mar 31, 2025 | 1.26 Bn |
| Dec 31, 2024 | -136.70 Mn |
| Sep 30, 2024 | 1.48 Bn |
| Jun 30, 2024 | 161.79 Mn |
| Mar 31, 2024 | -1.01 Bn |
| Dec 31, 2023 | 1.61 Bn |
| Sep 30, 2023 | 3.83 Bn |
| Jun 30, 2023 | 1.70 Bn |
| Mar 31, 2023 | -3.11 Bn |
| Dec 31, 2022 | 2.61 Bn |
| Sep 30, 2022 | 1.65 Bn |
| Jun 30, 2022 | 1.63 Bn |
| Mar 31, 2022 | -2.19 Bn |
| Dec 31, 2021 | 581.78 Mn |
| Sep 30, 2021 | -777.24 Mn |
API Access
PDD Holdings Net 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=net-cash-flow&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-cash-flow&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();