Growth Metrics

PDD Holdings (PDD) Operating Expenses: 2017-2025

Historic Operating Expenses for Holdings (PDD) over the last 9 years, with Q3 2025 value amounting to -$5.1 billion.

  • Holdings' Operating Expenses fell 368.52% to -$5.1 billion in Q3 2025 from the same period last year, while for Sep 2025 it was -$19.4 billion, marking a year-over-year decrease of 1092.83%. This contributed to the annual value of $18.0 billion for FY2024, which is 3097.3% up from last year.
  • Per Holdings' latest filing, its Operating Expenses stood at -$5.1 billion for Q3 2025, which was down 368.52% from -$4.5 billion recorded in Q2 2025.
  • In the past 5 years, Holdings' Operating Expenses ranged from a high of -$2.0 billion in Q3 2021 and a low of -$5.3 billion during Q1 2025
  • In the last 5 years, Holdings' Operating Expenses had a median value of -$3.1 billion in 2022 and averaged -$3.5 billion.
  • The largest annual percentage gain for Holdings' Operating Expenses in the last 5 years was 1614.69% (2021), contrasted with its biggest fall of 8402.72% (2021).
  • Over the past 5 years, Holdings' Operating Expenses (Quarter) stood at -$2.2 billion in 2021, then plummeted by 41.79% to -$3.1 billion in 2022, then crashed by 42.45% to -$4.4 billion in 2023, then fell by 16.89% to -$5.1 billion in 2024, then dropped by 0.3% to -$5.1 billion in 2025.
  • Its last three reported values are -$5.1 billion in Q3 2025, -$4.5 billion for Q2 2025, and -$5.3 billion during Q1 2025.