PDD Holdings (PDD) Total Liabilities (2017 - 2025)
PDD Holdings (PDD) posted Total Liabilities of $30.5 billion for Q4 2025, down 2.18% sequentially from $31.2 billion in Q3 2025, and up 14.45% YoY from $26.7 billion in Q4 2024.
PDD Holdings (PDD) Total Liabilities (2017 - 2025) Analysis & Trends
PDD Holdings has reported Total Liabilities for 9 years, with the latest figure at $30.5 billion in Q4 2025.
- Quarterly Total Liabilities rose 14.45% year-over-year to $30.5 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $30.5 billion (up 14.45% YoY) and the FY2025 annual result came in at $31.0 billion, up 17.96% from the prior year.
- Total Liabilities declined to $30.5 billion in Q4 2025 per PDD's latest filing, from $31.2 billion in the prior quarter.
- Over five years, Total Liabilities peaked at $31.2 billion in Q3 2025 and troughed at $13.9 billion in Q1 2021.
- A 5-year average of $20.8 billion and a median of $19.3 billion in 2023 frame the typical range for Total Liabilities.
- The sharpest annual moves came in 2021 and 2022: Total Liabilities jumped 80.68% in 2021, then dropped 6.15% in 2022.
- Over 5 years, Total Liabilities stood at $16.6 billion in 2021, then increased by 1.12% to $16.8 billion in 2022, then soared by 33.12% to $22.3 billion in 2023, then grew by 19.48% to $26.7 billion in 2024, then increased by 14.45% to $30.5 billion in 2025.
- According to Business Quant data, Total Liabilities over the past three periods registered $30.5 billion, $31.2 billion, and $28.7 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,932.40 Bn | 2,809.41 Bn | 198.88 Bn | 1,095.69 Bn |
| 2 | PDD Holdings | 506.93 Bn | 447.39 Bn | 9.83 Bn | 30.55 Bn |
| 3 | Mercadolibre | 97.34 Bn | 82.14 Bn | 4.16 Bn | 43.52 Bn |
| 4 | DoorDash | 93.09 Bn | 87.74 Bn | 2.35 Bn | 9.63 Bn |
| 5 | JD.com | 87.36 Bn | 58.18 Bn | 7.66 Bn | 58.47 Bn |
| 6 | Sea | 77.79 Bn | 69.27 Bn | 3.15 Bn | 17.61 Bn |
| 7 | Ebay | 47.69 Bn | 44.38 Bn | 2.30 Bn | 13.27 Bn |
| 8 | Coupang | 29.62 Bn | 23.51 Bn | 2.49 Bn | 14.41 Bn |
| 9 | Zkh | 16.25 Bn | 16.25 Bn | 51.11 Mn | 486,479.00 |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn | 5.77 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 30.55 Bn |
| Sep 30, 2025 | 31.23 Bn |
| Jun 30, 2025 | 28.66 Bn |
| Mar 31, 2025 | 27.67 Bn |
| Dec 31, 2024 | 26.69 Bn |
| Sep 30, 2024 | 26.83 Bn |
| Jun 30, 2024 | 24.60 Bn |
| Mar 31, 2024 | 22.04 Bn |
| Dec 31, 2023 | 22.34 Bn |
| Sep 30, 2023 | 20.86 Bn |
| Jun 30, 2023 | 17.78 Bn |
| Mar 31, 2023 | 16.54 Bn |
| Dec 31, 2022 | 16.78 Bn |
| Sep 30, 2022 | 14.34 Bn |
| Jun 30, 2022 | 15.09 Bn |
| Mar 31, 2022 | 14.52 Bn |
| Dec 31, 2021 | 16.59 Bn |
| Sep 30, 2021 | 15.27 Bn |
| Jun 30, 2021 | 14.22 Bn |
| Mar 31, 2021 | 13.90 Bn |