PDD Holdings (PDD) Notes Payables (2017 - 2025)

PDD Holdings has disclosed Notes Payables across 9 years of filings, most recently posting $2.5 billion for Q4 2025.

• Notes Payables for Q4 2025 came in at $2.5 billion, up 8.95% year-over-year; the trailing twelve-month figure through Dec 2025 was $2.5 billion (up 8.95% YoY), and the FY2025 annual result was $2.5 billion, up 12.29% from the prior year.
• Notes Payables came in at $2.5 billion for Q4 2025 at PDD Holdings, up from $2.4 billion in the prior quarter.
• In the past five years, Notes Payables ranged from a high of $2.5 billion in Q4 2025 to a low of $96.9 million in Q1 2021.
• The 5-year median for Notes Payables is $2.3 billion (2023), against an average of $2.2 billion.
• Across the five-year window, Notes Payables slumped 67.55% in 2021 and surged 2171.33% in 2022, its largest moves.
• PDD Holdings' Notes Payables stood at $2.1 billion in 2021, then fell by 0.3% to $2.1 billion in 2022, then climbed by 10.72% to $2.3 billion in 2023, then dropped by 2.25% to $2.3 billion in 2024, then grew by 8.95% to $2.5 billion in 2025.
• The last three Notes Payables figures came in at $2.5 billion (Q4 2025), $2.4 billion (Q3 2025), and $2.4 billion (Q2 2025), per Business Quant data.