PDD Holdings (PDD) Payables (2017 - 2025)

PDD Holdings has disclosed Payables across 9 years of filings, most recently posting $7.1 billion for Q4 2025.

• Payables for Q4 2025 came in at $7.1 billion, up 14.02% year-over-year; the trailing twelve-month figure through Dec 2025 was $7.1 billion (up 14.02% YoY), and the FY2025 annual result was $7.1 billion, up 15.87% from the prior year.
• Payables came in at $7.1 billion for Q4 2025 at PDD Holdings, up from $2.4 billion in the prior quarter.
• In the past five years, Payables ranged from a high of $10.0 billion in Q4 2023 to a low of $96.9 million in Q1 2021.
• The 5-year median for Payables is $2.3 billion (2025), against an average of $3.2 billion.
• Across the five-year window, Payables slumped 67.55% in 2021 and surged 2171.33% in 2022, its largest moves.
• PDD Holdings' Payables stood at $4.3 billion in 2021, then rose by 17.05% to $5.1 billion in 2022, then jumped by 98.09% to $10.0 billion in 2023, then tumbled by 37.91% to $6.2 billion in 2024, then climbed by 14.02% to $7.1 billion in 2025.
• The last three Payables figures came in at $7.1 billion (Q4 2025), $2.4 billion (Q3 2025), and $2.4 billion (Q2 2025), per Business Quant data.