PDD Holdings (PDD) Non-Current Deferred Tax Liability (2021 - 2025)

PDD Holdings (PDD) posted Non-Current Deferred Tax Liability of $21.2 billion for Q4 2025, up 237772.19% sequentially from $8.9 million in Q3 2025, and up 61105.02% YoY from N/an in Q4 2024.

PDD Holdings (PDD) Non-Current Deferred Tax Liability (2021 - 2025) Analysis & Trends

PDD Holdings has reported Non-Current Deferred Tax Liability for 5 years, with the latest figure at $21.2 billion in Q4 2025.

  • Quarterly Non-Current Deferred Tax Liability rose 61105.02% year-over-year to $21.2 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $21.2 billion (up 61105.02% YoY) and the FY2025 annual result came in at $21.5 billion, up 52.75% from the prior year.
  • Non-Current Deferred Tax Liability improved to $21.2 billion in Q4 2025 per PDD's latest filing, from $8.9 million in the prior quarter.
  • Over five years, Non-Current Deferred Tax Liability peaked at $21.2 billion in Q4 2025 and troughed at $56000.0 in Q1 2023.
  • A 5-year average of $1.3 billion and a median of $7.7 million in 2023 frame the typical range for Non-Current Deferred Tax Liability.
  • The sharpest annual moves came in 2023 and 2025: Non-Current Deferred Tax Liability tumbled 98.89% in 2023, then surged 61105.02% in 2025.
  • Over 5 years, Non-Current Deferred Tax Liability stood at $4.9 million in 2021, then jumped by 36.96% to $6.7 million in 2022, then surged by 253.8% to $23.7 million in 2023, then soared by 46.27% to $34.7 million in 2024, then jumped by 61105.02% to $21.2 billion in 2025.
  • According to Business Quant data, Non-Current Deferred Tax Liability over the past three periods registered $21.2 billion, $8.9 million, and $9.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Amazon Com 2,935.52 Bn 2,812.53 Bn 198.88 Bn
2 PDD Holdings 507.27 Bn 447.72 Bn 9.83 Bn
3 Mercadolibre 97.87 Bn 82.68 Bn 4.16 Bn
4 DoorDash 93.00 Bn 87.65 Bn 2.35 Bn
5 JD.com 87.41 Bn 58.22 Bn 7.66 Bn
6 Sea 77.97 Bn 69.45 Bn 3.15 Bn
7 Ebay 47.68 Bn 44.38 Bn 2.30 Bn
8 Coupang 29.85 Bn 23.74 Bn 2.49 Bn
9 Zkh 16.25 Bn 16.25 Bn 51.11 Mn
10 Wayfair 13.75 Bn 12.61 Bn 1.05 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 21.23 Bn
Dec 31, 2025 21.23 Bn
Sep 30, 2025 8.93 Mn
Sep 30, 2025 8.93 Mn
Jun 30, 2025 9.80 Mn
Jun 30, 2025 9.80 Mn
Mar 31, 2025 22.26 Mn
Mar 31, 2025 22.26 Mn
Dec 31, 2024 34.69 Mn
Dec 31, 2024 34.69 Mn
Sep 30, 2024 10.02 Mn
Sep 30, 2024 10.02 Mn
Jun 30, 2024 4.69 Mn
Jun 30, 2024 4.69 Mn
Mar 31, 2024 6.08 Mn
Mar 31, 2024 6.08 Mn
Dec 31, 2023 23.72 Mn
Dec 31, 2023 23.72 Mn
Sep 30, 2023 7.66 Mn
Sep 30, 2023 7.66 Mn