PDD Holdings (PDD) Other Operating Expenses (2017 - 2026)
PDD Holdings (PDD) posted Other Operating Expenses of -$4.9 billion for Q4 2025, down 15.95% sequentially from -$4.2 billion in Q3 2025, and down 14.35% YoY from -$5.7 billion in Q4 2024.
Analysis
PDD Holdings (PDD) Other Operating Expenses (2017 - 2026) Analysis & Trends
PDD Holdings has reported Other Operating Expenses for 9 years, with the latest figure at -$4.9 billion in Q4 2025.
- Quarterly Other Operating Expenses fell 14.35% year-over-year to -$4.9 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$17.5 billion (down 14.09% YoY) and the FY2025 annual result came in at $2.3 billion, up 30.29% from the prior year.
- Other Operating Expenses declined to -$4.9 billion in Q4 2025 per PDD's latest filing, from -$4.2 billion in the prior quarter.
- Over five years, Other Operating Expenses peaked at -$1.6 billion in Q3 2021 and troughed at -$4.9 billion in Q4 2025.
- A 5-year average of -$3.0 billion and a median of -$2.8 billion in 2022 frame the typical range for Other Operating Expenses.
- The sharpest annual moves came in 2021 and 2022: Other Operating Expenses sank 205.15% in 2021, then climbed 11.74% in 2022.
- Over 5 years, Other Operating Expenses stood at -$1.8 billion in 2021, then sank by 44.15% to -$2.6 billion in 2022, then plunged by 45.94% to -$3.8 billion in 2023, then dropped by 14.5% to -$4.3 billion in 2024, then declined by 14.35% to -$4.9 billion in 2025.
- According to Business Quant data, Other Operating Expenses over the past three periods registered -$4.9 billion, -$4.2 billion, and -$3.8 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,738.66 Bn | 2,615.68 Bn | 198.88 Bn |
| 2 | PDD Holdings | 116.88 Bn | -48,009.53 Bn | 9.45 Bn |
| 3 | DoorDash | 99.21 Bn | 93.86 Bn | 2.35 Bn |
| 4 | Mercadolibre | 98.87 Bn | 83.68 Bn | 4.16 Bn |
| 5 | Sea | 68.20 Bn | 59.80 Bn | 3.55 Bn |
| 6 | Ebay | 47.01 Bn | 43.70 Bn | 2.30 Bn |
| 7 | JD.com | 39.74 Bn | 7.19 Bn | 16.50 Bn |
| 8 | Coupang | 28.51 Bn | 22.40 Bn | 2.49 Bn |
| 9 | Wayfair | 12.61 Bn | 11.46 Bn | 1.05 Bn |
| 10 | Maplebear | 11.77 Bn | 10.92 Bn | 751.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.36 Bn |
| Mar 31, 2026 | -4.88 Bn |
| Dec 31, 2025 | -4.91 Bn |
| Sep 30, 2025 | -4.24 Bn |
| Jun 30, 2025 | -3.76 Bn |
| Mar 31, 2025 | -4.60 Bn |
| Dec 31, 2024 | -4.30 Bn |
| Sep 30, 2024 | -4.25 Bn |
| Jun 30, 2024 | -3.60 Bn |
| Mar 31, 2024 | -3.27 Bn |
| Dec 31, 2023 | -3.75 Bn |
| Sep 30, 2023 | -3.01 Bn |
| Jun 30, 2023 | -2.50 Bn |
| Mar 31, 2023 | -2.38 Bn |
| Dec 31, 2022 | -2.57 Bn |
| Sep 30, 2022 | -2.05 Bn |
| Jun 30, 2022 | -1.69 Bn |
| Mar 31, 2022 | -1.77 Bn |
| Dec 31, 2021 | -1.78 Bn |
| Sep 30, 2021 | -1.55 Bn |