PDD Holdings Inc. (PDD) Operating Leases (2019 - 2025)

PDD Holdings (PDD) has 7 years of Operating Leases data on file, last reported at $758.4 million in Q4 2025.

• Quarterly Operating Leases rose 70.68% year-over-year to $758.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $758.4 million (up 70.68% YoY) and the FY2025 annual result came in at $769.2 million, up 5.98% from the prior year.
• Operating Leases improved to $758.4 million in Q4 2025 per PDD's latest filing, from $444.3 million in the prior quarter.
• The five-year high for Operating Leases was $758.4 million in Q4 2025, with the low at $85.1 million in Q4 2021.
• Average Operating Leases over 5 years is $355.5 million, with a median of $367.3 million recorded in 2023.
• Year-over-year, Operating Leases surged 199.96% in 2023 and increased 20.98% in 2024.
• PDD Holdings' Operating Leases stood at $85.1 million in 2021, then soared by 43.83% to $122.4 million in 2022, then surged by 199.96% to $367.3 million in 2023, then advanced by 20.98% to $444.3 million in 2024, then jumped by 70.68% to $758.4 million in 2025.
• Business Quant data shows PDD's Operating Leases at $758.4 million in Q4 2025, $444.3 million in Q4 2024, and $367.3 million in Q4 2023.