PDD Holdings (PDD) Other Operating Expenses (2017 - 2025)

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.

PDD Holdings (PDD) Other Operating Expenses (2017 - 2025) 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 Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Amazon Com 2,965.03 Bn 2,842.04 Bn 198.88 Bn
2 PDD Holdings 507.22 Bn 447.68 Bn 9.83 Bn
3 Mercadolibre 96.32 Bn 81.13 Bn 4.16 Bn
4 DoorDash 91.60 Bn 86.26 Bn 2.35 Bn
5 JD.com 87.39 Bn 58.21 Bn 7.66 Bn
6 Sea 76.05 Bn 67.53 Bn 3.15 Bn
7 Ebay 47.42 Bn 44.12 Bn 2.30 Bn
8 Coupang 29.48 Bn 23.37 Bn 2.49 Bn
9 Zkh 15.80 Bn 15.80 Bn 51.11 Mn
10 Wayfair 13.89 Bn 12.75 Bn 1.05 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 -4.91 Bn
Sep 30, 2025 -4.24 Bn
Jun 30, 2025 -3.80 Bn
Mar 31, 2025 -4.60 Bn
Dec 31, 2024 -4.30 Bn
Sep 30, 2024 -4.25 Bn
Jun 30, 2024 -3.58 Bn
Mar 31, 2024 -3.24 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 -1.56 Bn
Jun 30, 2021 -1.61 Bn
Mar 31, 2021 -2.01 Bn