PDD Holdings (PDD) Tax Provisions (2021 - 2025)

PDD Holdings' (PDD) quarterly Tax Provisions came in at -$1.2 billion in Q4 2025, down 73.45% year-on-year from -$4.5 billion in Q4 2024, and down 115.68% quarter-over-quarter from -$560.0 million in Q3 2025.

PDD Holdings (PDD) Tax Provisions (2021 - 2025) Analysis & Trends

PDD Holdings has disclosed Tax Provisions across 5 years of filings, most recently posting -$1.2 billion for Q4 2025.

  • Tax Provisions for Q4 2025 came in at -$1.2 billion, down 73.45% year-over-year; the trailing twelve-month figure through Dec 2025 was -$3.1 billion (down 8.79% YoY), and the FY2025 annual result was $3.1 billion, up 14.12% from the prior year.
  • Tax Provisions came in at -$1.2 billion for Q4 2025 at PDD Holdings, down from -$560.0 million in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of -$89.1 million in Q1 2022 to a low of -$1.2 billion in Q4 2025.
  • The 5-year median for Tax Provisions is -$492.9 million (2023), against an average of -$473.2 million.
  • Across the five-year window, Tax Provisions sank 226.39% in 2023 and increased 17.35% in 2025, its largest moves.
  • PDD Holdings' Tax Provisions stood at -$169.3 million in 2021, then advanced 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.
  • The last three Tax Provisions figures came in at -$1.2 billion (Q4 2025), -$560.0 million (Q3 2025), and -$672.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 9.56 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 162.00 Mn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 8.00 Mn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn -1.21 Bn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 106.00 Mn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 11.00 Mn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -75,000.00
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn 1.00 Mn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 44.00 Mn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn 36.50 Mn

Historic Data

Download Data
DateValue
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