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

PDD Holdings has disclosed Operating Leases across 7 years of filings, most recently posting $758.4 million for Q4 2025.

• Operating Leases for Q4 2025 came in at $758.4 million, up 70.68% year-over-year; the trailing twelve-month figure through Dec 2025 was $758.4 million (up 70.68% YoY), and the FY2025 annual result was $769.2 million, up 5.98% from the prior year.
• Operating Leases came in at $758.4 million for Q4 2025 at PDD Holdings, up from $444.3 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $758.4 million in Q4 2025 to a low of $85.1 million in Q4 2021.
• The 5-year median for Operating Leases is $367.3 million (2023), against an average of $355.5 million.
• Across the five-year window, Operating Leases jumped 199.96% in 2023 and gained 20.98% in 2024, its largest moves.
• 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 increased by 20.98% to $444.3 million in 2024, then jumped by 70.68% to $758.4 million in 2025.
• The last three Operating Leases figures came in at $758.4 million (Q4 2025), $444.3 million (Q4 2024), and $367.3 million (Q4 2023), per Business Quant data.