PDD Holdings (PDD) Tax Provisions (2021 - 2026)
PDD Holdings (PDD) posted Tax Provisions of -$1.2 billion for Q4 2025, down 115.68% sequentially from -$560.0 million in Q3 2025, and down 73.45% YoY from -$4.5 billion in Q4 2024.
Analysis
PDD Holdings (PDD) Tax Provisions (2021 - 2026) Analysis & Trends
PDD Holdings has reported Tax Provisions for 7 years, with the latest figure at -$1.2 billion in Q4 2025.
- Quarterly Tax Provisions fell 73.45% year-over-year to -$1.2 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$3.1 billion (down 8.79% YoY) and the FY2025 annual result came in at $4.3 billion, up 53.96% from the prior year.
- Tax Provisions declined to -$1.2 billion in Q4 2025 per PDD's latest filing, from -$560.0 million in the prior quarter.
- Over five years, Tax Provisions peaked at -$89.1 million in Q1 2022 and troughed at -$1.2 billion in Q4 2025.
- A 5-year average of -$473.2 million and a median of -$492.9 million in 2023 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2021 and 2023: Tax Provisions jumped 37.5% in 2021, then sank 226.39% in 2023.
- Over 5 years, Tax Provisions stood at -$169.3 million in 2021, then grew by 8.74% to -$154.5 million in 2022, then tumbled by 226.39% to -$504.3 million in 2023, then plunged by 38.09% to -$696.3 million in 2024, then sank by 73.45% to -$1.2 billion in 2025.
- According to Business Quant data, Tax Provisions over the past three periods registered -$1.2 billion, -$560.0 million, and -$672.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,738.66 Bn | 2,615.68 Bn | 198.88 Bn | 27.80 Bn |
| 2 | PDD Holdings | 116.88 Bn | -48,009.53 Bn | 9.45 Bn | -898.00 Mn |
| 3 | DoorDash | 99.21 Bn | 93.86 Bn | 2.35 Bn | 8.00 Mn |
| 4 | Mercadolibre | 98.87 Bn | 83.68 Bn | 4.16 Bn | 140.00 Mn |
| 5 | Sea | 68.20 Bn | 59.80 Bn | 3.55 Bn | -250.60 Mn |
| 6 | Ebay | 47.01 Bn | 43.70 Bn | 2.30 Bn | 113.00 Mn |
| 7 | JD.com | 39.74 Bn | 7.19 Bn | 16.50 Bn | -476.00 Mn |
| 8 | Coupang | 28.51 Bn | 22.40 Bn | 2.49 Bn | 37.00 Mn |
| 9 | Wayfair | 12.61 Bn | 11.46 Bn | 1.05 Bn | 3.00 Mn |
| 10 | Maplebear | 11.77 Bn | 10.92 Bn | 751.00 Mn | 36.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -898.00 Mn |
| Mar 31, 2026 | -597.00 Mn |
| Dec 31, 2025 | -1.21 Bn |
| Sep 30, 2025 | -560.01 Mn |
| Jun 30, 2025 | -672.70 Mn |
| Mar 31, 2025 | -617.48 Mn |
| Dec 31, 2024 | -696.34 Mn |
| Sep 30, 2024 | -598.73 Mn |
| Jun 30, 2024 | -813.88 Mn |
| Mar 31, 2024 | -701.88 Mn |
| Dec 31, 2023 | -504.26 Mn |
| Sep 30, 2023 | -481.56 Mn |
| Jun 30, 2023 | -435.57 Mn |
| Mar 31, 2023 | -232.65 Mn |
| Dec 31, 2022 | -154.50 Mn |
| Sep 30, 2022 | -216.09 Mn |
| Jun 30, 2022 | -232.61 Mn |
| Mar 31, 2022 | -89.10 Mn |
| Dec 31, 2021 | -169.29 Mn |
| Sep 30, 2021 | -132.66 Mn |