PDD Holdings (PDD) Revenue (2017 - 2025)

PDD Holdings' (PDD) quarterly Revenue came in at $17.7 billion in Q4 2025, up 16.93% year-on-year from $15.2 billion in Q4 2024, and up 16.5% quarter-over-quarter from $15.2 billion in Q3 2025.

PDD Holdings (PDD) Revenue (2017 - 2025) Analysis & Trends

PDD Holdings has disclosed Revenue across 9 years of filings, most recently posting $17.7 billion for Q4 2025.

  • Revenue for Q4 2025 came in at $17.7 billion, up 16.93% year-over-year; the trailing twelve-month figure through Dec 2025 was $60.6 billion (up 10.86% YoY), and the FY2025 annual result was $61.8 billion, up 14.45% from the prior year.
  • Revenue came in at $17.7 billion for Q4 2025 at PDD Holdings, up from $15.2 billion in the prior quarter.
  • In the past five years, Revenue ranged from a high of $17.7 billion in Q4 2025 to a low of $3.3 billion in Q3 2021.
  • The 5-year median for Revenue is $8.3 billion (2023), against an average of $9.2 billion.
  • Peak annual rise in Revenue reached 266.25% in 2021, while the deepest fall reached 5.03% in 2021.
  • PDD Holdings' Revenue stood at $4.3 billion in 2021, then jumped by 35.11% to $5.8 billion in 2022, then jumped by 116.83% to $12.5 billion in 2023, then advanced by 21.05% to $15.2 billion in 2024, then climbed by 16.93% to $17.7 billion in 2025.
  • The last three Revenue figures came in at $17.7 billion (Q4 2025), $15.2 billion (Q3 2025), and $14.5 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 181.52 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 8.85 Bn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 4.04 Bn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn 17.72 Bn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 3.09 Bn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 8.50 Bn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn 306.44 Mn
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn 2.93 Bn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 1.02 Bn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn 3.36 Bn

Historic Data

Download Data
DateValue
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