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

PDD Holdings' Notes Payables history runs 9 years deep, the most recent figure standing at $2.5 billion for Q4 2025.

• In Q4 2025, Notes Payables rose 8.95% year-over-year to $2.5 billion; the TTM figure through Dec 2025 stood at $2.5 billion (up 8.95% YoY), while the FY2025 annual figure 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.
• A 5-year average of $2.2 billion and a median of $2.3 billion in 2023 frame the typical range for Notes Payables.
• Across the five-year window, Notes Payables sank 67.55% in 2021 and soared 2171.33% in 2022, its largest moves.
• PDD Holdings' Notes Payables stood at $2.1 billion in 2021, then retreated by 0.3% to $2.1 billion in 2022, then grew by 10.72% to $2.3 billion in 2023, then declined by 2.25% to $2.3 billion in 2024, then increased by 8.95% to $2.5 billion in 2025.
• According to Business Quant data, Notes Payables over the past three periods registered $2.5 billion, $2.4 billion, and $2.4 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

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