PDD Holdings (PDD) Tax Rate (2021 - 2025)
PDD Holdings' (PDD) quarterly Tax Rate came in at 30.47% in Q4 2025, down 1061.0% year-on-year from 3.17% in Q4 2024, and down 236.3% quarter-over-quarter from 9.06% in Q3 2025.
PDD Holdings (PDD) Tax Rate (2021 - 2025) Analysis & Trends
PDD Holdings has disclosed Tax Rate across 5 years of filings, most recently posting 30.47% for Q4 2025.
- Tax Rate for Q4 2025 came in at 30.47%, down 1061.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 25.59% (up 524.0% YoY), and the FY2025 annual result was 18.35%, up 324.0% from the prior year.
- Tax Rate came in at 30.47% for Q4 2025 at PDD Holdings, down from 9.06% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 9.06% in Q3 2025 to a low of 30.47% in Q4 2025.
- The 5-year median for Tax Rate is 15.78% (2023), against an average of 16.75%.
- Across the five-year window, Tax Rate soared 691 bps in 2022 and tumbled 1119 bps in 2025, its largest moves.
- PDD Holdings' Tax Rate stood at 14.96% in 2021, then gained by 22 bps to 11.68% in 2022, then sank by 37 bps to 15.98% in 2023, then slipped by 24 bps to 19.86% in 2024, then slumped by 53 bps to 30.47% in 2025.
- The last three Tax Rate figures came in at 30.47% (Q4 2025), 9.06% (Q3 2025), and 13.35% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 24.00% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 27.98% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 4.19% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | -30.47% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 17.15% |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -4.31% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | 5.40% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -0.96% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 23.40% |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 27.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -30.47% |
| Dec 31, 2025 | -30.47% |
| Sep 30, 2025 | -9.06% |
| Sep 30, 2025 | -9.06% |
| Jun 30, 2025 | -13.35% |
| Jun 30, 2025 | -13.35% |
| Mar 31, 2025 | -27.52% |
| Mar 31, 2025 | -27.52% |
| Dec 31, 2024 | -19.86% |
| Dec 31, 2024 | -19.86% |
| Sep 30, 2024 | -10.61% |
| Sep 30, 2024 | -10.61% |
| Jun 30, 2024 | -13.93% |
| Jun 30, 2024 | -13.93% |
| Mar 31, 2024 | -16.34% |
| Mar 31, 2024 | -16.34% |
| Dec 31, 2023 | -15.98% |
| Dec 31, 2023 | -15.98% |
| Sep 30, 2023 | -15.58% |
| Sep 30, 2023 | -15.58% |