PDD Holdings (PDD) Tax Provisions (2019 - 2025)
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.
PDD Holdings (PDD) Tax Provisions (2019 - 2025) 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,965.03 Bn | 2,842.04 Bn | 198.88 Bn | 27.80 Bn |
| 2 | PDD Holdings | 507.22 Bn | 447.68 Bn | 9.83 Bn | -1.21 Bn |
| 3 | Mercadolibre | 96.32 Bn | 81.13 Bn | 4.16 Bn | 140.00 Mn |
| 4 | DoorDash | 91.60 Bn | 86.26 Bn | 2.35 Bn | 8.00 Mn |
| 5 | JD.com | 87.39 Bn | 58.21 Bn | 7.66 Bn | -183.00 Mn |
| 6 | Sea | 76.05 Bn | 67.53 Bn | 3.15 Bn | -214.00 Mn |
| 7 | Ebay | 47.42 Bn | 44.12 Bn | 2.30 Bn | 113.00 Mn |
| 8 | Coupang | 29.48 Bn | 23.37 Bn | 2.49 Bn | 37.00 Mn |
| 9 | Zkh | 15.80 Bn | 15.80 Bn | 51.11 Mn | -75,000.00 |
| 10 | Wayfair | 13.89 Bn | 12.75 Bn | 1.05 Bn | 3.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2020 | -270.84 Mn |
| Dec 31, 2019 | -247.14 Mn |