PDD Holdings (PDD) Tax Rate (2019 - 2025)
PDD Holdings (PDD) posted Tax Rate of 29.59% for Q4 2025, down 147.96% sequentially from 11.93% in Q3 2025, and down 1310.0% YoY from 2.45% in Q4 2024.
PDD Holdings (PDD) Tax Rate (2019 - 2025) Analysis & Trends
PDD Holdings has reported Tax Rate for 7 years, with the latest figure at 29.59% in Q4 2025.
- Quarterly Tax Rate fell 1310.0% year-over-year to 29.59% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 19.02% (down 325.0% YoY) and the FY2025 annual result came in at 25.03%, up 975.0% from the prior year.
- Tax Rate eased to 29.59% in Q4 2025 per PDD's latest filing, from 11.93% in the prior quarter.
- Over five years, Tax Rate peaked at 10.71% in Q4 2022 and troughed at 35.47% in Q3 2021.
- A 5-year average of 17.92% and a median of 16.07% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2021 and 2025: Tax Rate surged 11003 bps in 2021, then tumbled 1310 bps in 2025.
- Over 5 years, Tax Rate stood at 14.04% in 2021, then increased by 24 bps to 10.71% in 2022, then dropped by 29 bps to 13.82% in 2023, then fell by 19 bps to 16.49% in 2024, then plunged by 79 bps to 29.59% in 2025.
- According to Business Quant data, Tax Rate over the past three periods registered 29.59%, 11.93%, and 13.31% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.84 Bn | 2,819.86 Bn | 198.88 Bn | 23.03% |
| 2 | PDD Holdings | 507.66 Bn | 448.11 Bn | 9.83 Bn | -26.74% |
| 3 | Mercadolibre | 97.39 Bn | 82.19 Bn | 4.16 Bn | 23.10% |
| 4 | DoorDash | 93.67 Bn | 88.33 Bn | 2.35 Bn | 3.86% |
| 5 | JD.com | 87.53 Bn | 58.35 Bn | 7.66 Bn | -17.80% |
| 6 | Sea | 77.98 Bn | 69.46 Bn | 3.15 Bn | -32.68% |
| 7 | Ebay | 47.41 Bn | 44.11 Bn | 2.30 Bn | 16.99% |
| 8 | Coupang | 29.58 Bn | 23.47 Bn | 2.49 Bn | -6.94% |
| 9 | Zkh | 15.88 Bn | 15.88 Bn | 51.11 Mn | 5.40% |
| 10 | Wayfair | 13.67 Bn | 12.52 Bn | 1.05 Bn | 150.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -29.59% |
| Dec 31, 2025 | -29.59% |
| Dec 31, 2025 | -29.59% |
| Sep 30, 2025 | -11.93% |
| Sep 30, 2025 | -11.93% |
| Sep 30, 2025 | -11.93% |
| Jun 30, 2025 | -13.31% |
| Jun 30, 2025 | -13.31% |
| Jun 30, 2025 | -13.31% |
| Mar 31, 2025 | -27.52% |
| Mar 31, 2025 | -27.52% |
| Mar 31, 2025 | -27.52% |
| Dec 31, 2024 | -16.49% |
| Dec 31, 2024 | -16.49% |
| Dec 31, 2024 | -16.49% |
| Sep 30, 2024 | -14.44% |
| Sep 30, 2024 | -14.44% |
| Sep 30, 2024 | -14.44% |
| Jun 30, 2024 | -15.81% |
| Jun 30, 2024 | -15.81% |