PDD Holdings (PDD) Receivables - Net (2017 - 2025)

PDD Holdings (PDD) posted Receivables - Net of $720.3 million for Q4 2025, down 99.91% sequentially from $842.6 billion in Q3 2025, and up 40.63% YoY from $512.2 million in Q4 2024.

PDD Holdings (PDD) Receivables - Net (2017 - 2025) Analysis & Trends

PDD Holdings has reported Receivables - Net for 9 years, with the latest figure at $720.3 million in Q4 2025.

  • Quarterly Receivables - Net rose 40.63% year-over-year to $720.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $720.3 million (up 40.63% YoY) and the FY2025 annual result came in at $730.6 million, up 44.94% from the prior year.
  • Receivables - Net fell to $720.3 million in Q4 2025 per PDD's latest filing, from $842.6 billion in the prior quarter.
  • Over five years, Receivables - Net peaked at $106298.0 billion in Q2 2021 and troughed at $82.6 million in Q4 2022.
  • A 5-year average of $15813.7 billion and a median of $282.1 billion in 2023 frame the typical range for Receivables - Net.
  • The sharpest annual moves came in 2021 and 2022: Receivables - Net surged 174906932.61% in 2021, then slumped 99.94% in 2022.
  • Over 5 years, Receivables - Net stood at $105.4 million in 2021, then fell by 21.59% to $82.6 million in 2022, then jumped by 557.88% to $543.6 million in 2023, then decreased by 5.78% to $512.2 million in 2024, then jumped by 40.63% to $720.3 million in 2025.
  • According to Business Quant data, Receivables - Net over the past three periods registered $720.3 million, $842.6 billion, and $838.6 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Amazon Com 2,932.40 Bn 2,809.41 Bn 198.88 Bn
2 PDD Holdings 506.93 Bn 447.39 Bn 9.83 Bn
3 Mercadolibre 97.34 Bn 82.14 Bn 4.16 Bn
4 DoorDash 93.09 Bn 87.74 Bn 2.35 Bn
5 JD.com 87.36 Bn 58.18 Bn 7.66 Bn
6 Sea 77.79 Bn 69.27 Bn 3.15 Bn
7 Ebay 47.69 Bn 44.38 Bn 2.30 Bn
8 Coupang 29.62 Bn 23.51 Bn 2.49 Bn
9 Zkh 16.25 Bn 16.25 Bn 51.11 Mn
10 Wayfair 13.68 Bn 12.54 Bn 1.05 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 720.35 Mn
Dec 31, 2025 720.35 Mn
Sep 30, 2025 842.60 Bn
Sep 30, 2025 842.60 Bn
Jun 30, 2025 838.62 Bn
Jun 30, 2025 838.62 Bn
Mar 31, 2025 754.49 Bn
Mar 31, 2025 754.49 Bn
Dec 31, 2024 512.22 Mn
Dec 31, 2024 512.22 Mn
Sep 30, 2024 660.30 Bn
Sep 30, 2024 660.30 Bn
Jun 30, 2024 755.61 Bn
Jun 30, 2024 755.61 Bn
Mar 31, 2024 660.51 Bn
Mar 31, 2024 660.51 Bn
Dec 31, 2023 543.62 Mn
Dec 31, 2023 543.62 Mn
Sep 30, 2023 349.11 Bn
Sep 30, 2023 349.11 Bn