PDD Holdings (PDD) Payables (2017 - 2026)
PDD Holdings' (PDD) quarterly Payables came in at $11.5 billion in Q2 2026, up 6.43% year-over-year from $10.8 billion in Q2 2025, and up 1.19% quarter-over-quarter from $11.3 billion in Q1 2026.
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Analysis
PDD Holdings (PDD) Payables (2017 - 2026) Analysis & Trends
PDD Holdings has disclosed Payables across 10 years of filings, most recently posting $11.5 billion for Q2 2026.
- In Q2 2026, Payables rose 6.43% year-over-year to $11.5 billion; the TTM figure through Jun 2026 stood at $11.5 billion (up 6.43% YoY), while the FY2025 annual figure was $11.8 billion, up 23.48% from the prior year.
- Payables came in at $11.5 billion for Q2 2026 at PDD Holdings, up from $11.3 billion in the prior quarter.
- In the past five years, Payables ranged from a high of $12.6 billion in Q3 2025 to a low of $2.4 billion in Q1 2022.
- Average Payables over 5 years is $7.7 billion, with a median of $8.8 billion recorded in 2023.
- Year-over-year, Payables declined 14.57% in 2022 and surged 158.07% in 2023.
- Over 5 years, Payables stood at $3.2 billion in 2022, then jumped by 146.94% to $7.9 billion in 2023, then gained by 23.89% to $9.7 billion in 2024, then rose by 19.81% to $11.7 billion in 2025, then fell by 1.62% to $11.5 billion in 2026.
- Per Business Quant data, the three most recent Payables figures were $11.5 billion in Q2 2026, $11.3 billion in Q1 2026, and $11.7 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | - |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 5.15 Bn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 11.48 Bn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 3.04 Bn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 5.74 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 353.00 Mn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 2.47 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 62.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | 93.42 Mn |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | 670.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.48 Bn |
| Mar 31, 2026 | 11.34 Bn |
| Dec 31, 2025 | 11.67 Bn |
| Sep 30, 2025 | 12.61 Bn |
| Jun 30, 2025 | 10.78 Bn |
| Mar 31, 2025 | 10.64 Bn |
| Dec 31, 2024 | 9.74 Bn |
| Sep 30, 2024 | 10.53 Bn |
| Jun 30, 2024 | 9.65 Bn |
| Mar 31, 2024 | 7.77 Bn |
| Dec 31, 2023 | 7.86 Bn |
| Sep 30, 2023 | 6.35 Bn |
| Jun 30, 2023 | 4.67 Bn |
| Mar 31, 2023 | 3.43 Bn |
| Dec 31, 2022 | 3.18 Bn |
| Sep 30, 2022 | 2.46 Bn |
| Jun 30, 2022 | 2.48 Bn |
| Mar 31, 2022 | 2.35 Bn |
| Dec 31, 2021 | 2.20 Bn |
| Sep 30, 2021 | 2.88 Bn |
API Access
PDD Holdings Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payables&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "ticker": "PDD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payables&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();