PDD Holdings (PDD) Payables (2016 - 2026)

PDD Holdings has reported Payables for 9 years, with the latest figure at $14.0 billion in Q4 2025.

• Quarterly Payables rose 17.56% year-over-year to $14.0 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $14.0 billion (up 17.56% YoY) and the FY2025 annual result came in at $13.8 billion, up 16.06% from the prior year.
• Payables eased to $14.0 billion in Q4 2025 per PDD's latest filing, from $14.9 billion in the prior quarter.
• Over five years, Payables peaked at $14.9 billion in Q3 2025 and troughed at $1.7 billion in Q1 2021.
• A 5-year average of $8.1 billion and a median of $7.5 billion in 2023 frame the typical range for Payables.
• The sharpest annual moves came in 2021 and 2025: Payables soared 174.79% in 2021, then gained 9.97% in 2025.
• Over 5 years, Payables stood at $4.3 billion in 2021, then advanced by 17.05% to $5.1 billion in 2022, then soared by 98.09% to $10.0 billion in 2023, then increased by 18.79% to $11.9 billion in 2024, then climbed by 17.56% to $14.0 billion in 2025.
• According to Business Quant data, Payables over the past three periods registered $14.0 billion, $14.9 billion, and $13.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.