PDD Holdings (PDD) Revenue (2017 - 2025)
PDD Holdings (PDD) posted Revenue of $17.7 billion for Q4 2025, up 16.5% sequentially from $15.2 billion in Q3 2025, and up 16.93% YoY from $15.2 billion in Q4 2024.
PDD Holdings (PDD) Revenue (2017 - 2025) Analysis & Trends
PDD Holdings has reported Revenue for 9 years, with the latest figure at $17.7 billion in Q4 2025.
- Quarterly Revenue rose 16.93% year-over-year to $17.7 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $60.6 billion (up 10.86% YoY) and the FY2025 annual result came in at $61.8 billion, up 14.45% from the prior year.
- Revenue improved to $17.7 billion in Q4 2025 per PDD's latest filing, from $15.2 billion in the prior quarter.
- Over five years, Revenue peaked at $17.7 billion in Q4 2025 and troughed at $3.3 billion in Q3 2021.
- A 5-year average of $9.2 billion and a median of $8.3 billion in 2023 frame the typical range for Revenue.
- The widest YoY moves for Revenue: up 266.25% in 2021, down 5.03% in 2021.
- Over 5 years, Revenue stood at $4.3 billion in 2021, then soared by 35.11% to $5.8 billion in 2022, then soared by 116.83% to $12.5 billion in 2023, then grew by 21.05% to $15.2 billion in 2024, then increased by 16.93% to $17.7 billion in 2025.
- According to Business Quant data, Revenue over the past three periods registered $17.7 billion, $15.2 billion, and $14.5 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 3,101.08 Bn | 2,978.09 Bn | 198.88 Bn | 382.13 Bn |
| 2 | PDD Holdings | 513.02 Bn | 453.48 Bn | 9.83 Bn | 17.72 Bn |
| 3 | DoorDash | 94.28 Bn | 88.76 Bn | 2.35 Bn | 4.45 Bn |
| 4 | Mercadolibre | 92.30 Bn | 78.87 Bn | 4.16 Bn | 10.17 Bn |
| 5 | JD.com | 90.34 Bn | 70.43 Bn | 7.66 Bn | 45.77 Bn |
| 6 | Sea | 67.47 Bn | 58.95 Bn | 3.15 Bn | 7.10 Bn |
| 7 | Ebay | 49.94 Bn | 46.08 Bn | 2.30 Bn | 3.13 Bn |
| 8 | Coupang | 29.36 Bn | 29.27 Bn | 2.49 Bn | 8.86 Bn |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | 306.44 Mn |
| 10 | Wayfair | 14.50 Bn | 13.35 Bn | 1.05 Bn | 3.52 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 17.72 Bn |
| Sep 30, 2025 | 15.21 Bn |
| Jun 30, 2025 | 14.52 Bn |
| Mar 31, 2025 | 13.18 Bn |
| Dec 31, 2024 | 15.15 Bn |
| Sep 30, 2024 | 14.16 Bn |
| Jun 30, 2024 | 13.36 Bn |
| Mar 31, 2024 | 12.02 Bn |
| Dec 31, 2023 | 12.52 Bn |
| Sep 30, 2023 | 9.44 Bn |
| Jun 30, 2023 | 7.21 Bn |
| Mar 31, 2023 | 5.48 Bn |
| Dec 31, 2022 | 5.77 Bn |
| Sep 30, 2022 | 4.99 Bn |
| Jun 30, 2022 | 4.69 Bn |
| Mar 31, 2022 | 3.75 Bn |
| Dec 31, 2021 | 4.27 Bn |
| Sep 30, 2021 | 3.34 Bn |
| Jun 30, 2021 | 3.57 Bn |
| Mar 31, 2021 | 3.38 Bn |