PDD Holdings (PDD) Notes Payables (2017 - 2026)
PDD Holdings' (PDD) quarterly Notes Payables came in at $187.0 million in Q2 2026, up 15.43% year-over-year from $162.0 million in Q2 2025, and up 2.75% quarter-over-quarter from $182.0 million in Q1 2026.
PDD Holdings (PDD) Notes Payables (2017 - 2026) Analysis & Trends
PDD Holdings has disclosed Notes Payables across 10 years of filings, most recently posting $187.0 million for Q2 2026.
- In Q2 2026, Notes Payables rose 15.43% year-over-year to $187.0 million; the TTM figure through Jun 2026 stood at $187.0 million (up 15.43% YoY), while the FY2025 annual figure was $155.4 million, up 41.44% from the prior year.
- Notes Payables came in at $187.0 million for Q2 2026 at PDD Holdings, up from $182.0 million in the prior quarter.
- In the past five years, Notes Payables ranged from a high of $372.5 million in Q2 2022 to a low of $111.6 million in Q4 2024.
- Average Notes Payables over 5 years is $216.7 million, with a median of $184.5 million recorded in 2026.
- The largest YoY upside for Notes Payables was 151204.04% in 2022 against a maximum downside of 67.47% in 2022.
- Over 5 years, Notes Payables stood at $235.7 million in 2022, then decreased by 27.01% to $172.1 million in 2023, then sank by 35.12% to $111.6 million in 2024, then soared by 37.29% to $153.3 million in 2025, then climbed by 22.02% to $187.0 million in 2026.
- Per Business Quant data, the three most recent Notes Payables figures were $187.0 million in Q2 2026, $182.0 million in Q1 2026, and $153.3 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 187.00 Mn |
| Mar 31, 2026 | 182.00 Mn |
| Dec 31, 2025 | 153.26 Mn |
| Sep 30, 2025 | 165.62 Mn |
| Jun 30, 2025 | 162.00 Mn |
| Mar 31, 2025 | 152.95 Mn |
| Dec 31, 2024 | 111.63 Mn |
| Sep 30, 2024 | 153.31 Mn |
| Jun 30, 2024 | 158.52 Mn |
| Mar 31, 2024 | 189.73 Mn |
| Dec 31, 2023 | 172.05 Mn |
| Sep 30, 2023 | 278.07 Mn |
| Jun 30, 2023 | 252.65 Mn |
| Mar 31, 2023 | 285.40 Mn |
| Dec 31, 2022 | 235.71 Mn |
| Sep 30, 2022 | 365.58 Mn |
| Jun 30, 2022 | 372.47 Mn |
| Mar 31, 2022 | 321.76 Mn |
| Dec 31, 2021 | 155,783.95 |
| Sep 30, 2021 | 1.12 Bn |
PDD Holdings Notes Payables 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=notes-payables&ticker=PDD&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "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=notes-payables&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();