PDD Holdings (PDD) Receivables (2017 - 2025)
PDD Holdings (PDD) posted Receivables of $2.2 billion for Q4 2025, down 99.9% sequentially from $2116.3 billion in Q3 2025, and up 37.88% YoY from $1.6 billion in Q4 2024.
PDD Holdings (PDD) Receivables (2017 - 2025) Analysis & Trends
PDD Holdings has reported Receivables for 9 years, with the latest figure at $2.2 billion in Q4 2025.
- Quarterly Receivables rose 37.88% year-over-year to $2.2 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $2.2 billion (up 37.88% YoY) and the FY2025 annual result came in at $2.1 billion, up 36.13% from the prior year.
- Receivables slipped to $2.2 billion in Q4 2025 per PDD's latest filing, from $2116.3 billion in the prior quarter.
- Over five years, Receivables peaked at $817053.0 billion in Q1 2023 and troughed at $770.1 million in Q4 2021.
- A 5-year average of $110618.1 billion and a median of $1075.6 billion in 2023 frame the typical range for Receivables.
- The sharpest annual moves came in 2021 and 2022: Receivables surged 166333647.44% in 2021, then plunged 99.89% in 2022.
- Over 5 years, Receivables stood at $770.1 million in 2021, then climbed by 26.09% to $971.1 million in 2022, then surged by 62.22% to $1.6 billion in 2023, then declined by 0.59% to $1.6 billion in 2024, then jumped by 37.88% to $2.2 billion in 2025.
- According to Business Quant data, Receivables over the past three periods registered $2.2 billion, $2116.3 billion, and $2051.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,924.81 Bn | 2,801.82 Bn | 198.88 Bn | 88.09 Bn |
| 2 | PDD Holdings | 507.43 Bn | 447.89 Bn | 9.83 Bn | 2.16 Bn |
| 3 | Mercadolibre | 97.63 Bn | 82.44 Bn | 4.16 Bn | 418.00 Mn |
| 4 | DoorDash | 92.84 Bn | 87.49 Bn | 2.35 Bn | 1.31 Bn |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | - |
| 6 | Sea | 78.11 Bn | 69.60 Bn | 3.15 Bn | - |
| 7 | Ebay | 47.53 Bn | 44.23 Bn | 2.30 Bn | 1.74 Bn |
| 8 | Coupang | 29.77 Bn | 23.66 Bn | 2.49 Bn | 363.00 Mn |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | - |
| 10 | Wayfair | 13.71 Bn | 12.57 Bn | 1.05 Bn | 184.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.16 Bn |
| Sep 30, 2025 | 2,116.34 Bn |
| Jun 30, 2025 | 2,051.10 Bn |
| Mar 31, 2025 | 1,772.78 Bn |
| Dec 31, 2024 | 1.57 Bn |
| Sep 30, 2024 | 1,942.63 Bn |
| Jun 30, 2024 | 1,579.78 Bn |
| Mar 31, 2024 | 1,626.37 Bn |
| Dec 31, 2023 | 1.58 Bn |
| Sep 30, 2023 | 1,200.80 Bn |
| Jun 30, 2023 | 950.48 Bn |
| Mar 31, 2023 | 817,053.01 Bn |
| Dec 31, 2022 | 971.09 Mn |
| Sep 30, 2022 | 753.90 Bn |
| Jun 30, 2022 | 705.86 Bn |
| Mar 31, 2022 | 660.62 Bn |
| Dec 31, 2021 | 770.14 Mn |
| Sep 30, 2021 | 708,380.00 Bn |
| Jun 30, 2021 | 670,816.00 Bn |
| Mar 31, 2021 | 745.19 Bn |