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
DateValue
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%