PDD Holdings (PDD) Operating Leases (2018 - 2025)

PDD Holdings has reported Operating Leases for 8 years, with the latest figure 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.
• Over five years, Operating Leases peaked at $758.4 million in Q4 2025 and troughed at $85.1 million in Q4 2021.
• A 5-year average of $355.5 million and a median of $367.3 million in 2023 frame the typical range for Operating Leases.
• The sharpest annual moves came in 2023 and 2024: Operating Leases soared 199.96% in 2023, then climbed 20.98% in 2024.
• Over 5 years, Operating Leases stood at $85.1 million in 2021, then surged by 43.83% to $122.4 million in 2022, then jumped by 199.96% to $367.3 million in 2023, then gained by 20.98% to $444.3 million in 2024, then soared by 70.68% to $758.4 million in 2025.
• According to Business Quant data, Operating Leases over the past three periods registered $758.4 million, $444.3 million, and $367.3 million for Q4 2025, Q4 2024, and Q4 2023 respectively.