PDD Holdings (PDD) Payables (2017 - 2026)
PDD Holdings (PDD) posted Payables of $11.29 billion for the quarter ended Jun 30, 2026, up 6.3% from $10.62 billion a year earlier and up 1.2% from the prior quarter.
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Analysis
PDD Holdings (PDD) Payables (2017 - 2026) Analysis & Trends
As of Dec 31, 2025, PDD Holdings' Payables came in at $11.68 billion, up 21.4% from the prior year.
- Annual Payables has increased for five consecutive years, with a five-year compound annual growth rate of 42.3% (years ended Dec 2020 to Dec 2025).
- In prior years, PDD Holdings' Payables was $9.62 billion in the year ended Dec 31, 2024 (+22.9%), $7.83 billion in the year ended Dec 31, 2023 (+150.9%), $3.12 billion in the year ended Dec 31, 2022 (+43.0%) and $2.18 billion in the year ended Dec 31, 2021 (+9.1%).
- Quarterly Payables has run from a low of $1.76 billion in the quarter ended Sep 30, 2021 to a high of $12.44 billion in the quarter ended Sep 30, 2025 over five years.
- On a year-over-year basis, Payables has increased in each of the last 21 quarters, with growth averaging 24.8% over the last eight quarters.
- Over the past five years, the year-over-year growth in Payables ranged from 6.3% (the quarter ended Jun 30, 2026) to 191.7% (the quarter ended Sep 30, 2023).
- According to Business Quant data, Payables for the three prior quarters was $11.16 billion (quarter ended Mar 31, 2026), $11.51 billion (quarter ended Dec 31, 2025) and $12.44 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 20.26 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 15.89 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 3.30 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 60.62 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 1.12 Bn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 3.36 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 5.15 Bn |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 11.29 Bn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 1.54 Bn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 3.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.29 Bn |
| Mar 31, 2026 | 11.16 Bn |
| Dec 31, 2025 | 11.51 Bn |
| Sep 30, 2025 | 12.44 Bn |
| Jun 30, 2025 | 10.62 Bn |
| Mar 31, 2025 | 10.48 Bn |
| Dec 31, 2024 | 9.63 Bn |
| Sep 30, 2024 | 10.38 Bn |
| Jun 30, 2024 | 9.49 Bn |
| Mar 31, 2024 | 7.58 Bn |
| Dec 31, 2023 | 7.69 Bn |
| Sep 30, 2023 | 6.07 Bn |
| Jun 30, 2023 | 4.41 Bn |
| Mar 31, 2023 | 3.15 Bn |
| Dec 31, 2022 | 2.95 Bn |
| Sep 30, 2022 | 2.08 Bn |
| Jun 30, 2022 | 2.06 Bn |
| Mar 31, 2022 | 2.03 Bn |
| Dec 31, 2021 | 2.20 Bn |
| Sep 30, 2021 | 1.77 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();