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 (PDD) has 9 years of Revenue data on file, last reported 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.
- The five-year high for Revenue was $17.7 billion in Q4 2025, with the low at $3.3 billion in Q3 2021.
- Average Revenue over 5 years is $9.2 billion, with a median of $8.3 billion recorded in 2023.
- The widest YoY moves for Revenue: up 266.25% in 2021, down 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 increased by 21.05% to $15.2 billion in 2024, then rose by 16.93% to $17.7 billion in 2025.
- Business Quant data shows PDD's Revenue at $17.7 billion in Q4 2025, $15.2 billion in Q3 2025, and $14.5 billion in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,596.58 Bn | 2,453.49 Bn | 171.21 Bn | 181.52 Bn |
| 2 | PDD Holdings | 461.36 Bn | 436.70 Bn | 12.81 Bn | 17.72 Bn |
| 3 | Zkh | 323.97 Bn | 323.97 Bn | 286.49 Mn | 306.44 Mn |
| 4 | Mercadolibre | 88.32 Bn | 82.67 Bn | 3.86 Bn | 8.85 Bn |
| 5 | DoorDash | 82.24 Bn | 77.38 Bn | 2.04 Bn | 4.04 Bn |
| 6 | Ebay | 49.85 Bn | 45.99 Bn | 2.29 Bn | 3.09 Bn |
| 7 | Coupang | 33.12 Bn | 33.03 Bn | 2.30 Bn | 8.50 Bn |
| 8 | Wayfair | 12.46 Bn | 11.40 Bn | 880.00 Mn | 2.93 Bn |
| 9 | Maplebear | 10.73 Bn | 10.04 Bn | 738.00 Mn | 1.02 Bn |
| 10 | Chewy | 8.52 Bn | 8.00 Bn | 1.01 Bn | 3.36 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 |