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PDD Holdings (PDD) Operating Leases (2020 - 2025)

PDD Holdings (PDD) has disclosed Operating Leases for 6 consecutive years, with $758.4 million as the latest value for Q4 2025.

  • For Q4 2025, Operating Leases rose 70.68% year-over-year to $758.4 million; the TTM value through Dec 2025 reached $758.4 million, up 70.68%, while the annual FY2025 figure was $411.9 million, 43.25% down from the prior year.
  • Operating Leases hit $758.4 million in Q4 2025 for PDD Holdings, up from $444.3 million in the prior quarter.
  • Across five years, Operating Leases topped out at $758.4 million in Q4 2025 and bottomed 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 then increased 20.98% in 2024.
  • PDD Holdings' Operating Leases stood at $85.1 million in 2021, then skyrocketed by 43.83% to $122.4 million in 2022, then soared by 199.96% to $367.3 million in 2023, then rose by 20.98% to $444.3 million in 2024, then surged by 70.68% to $758.4 million in 2025.
  • According to Business Quant data, Operating Leases over the past three periods came in at $758.4 million, $444.3 million, and $367.3 million for Q4 2025, Q4 2024, and Q4 2023 respectively.