PDD Holdings (PDD) Total Non-Current Liabilities (2018 - 2025)
PDD Holdings (PDD) posted Total Non-Current Liabilities of $412.0 million for Q4 2025, down 5.49% sequentially from $435.9 million in Q3 2025, and down 10.28% YoY from $459.2 million in Q4 2024.
PDD Holdings (PDD) Total Non-Current Liabilities (2018 - 2025) Analysis & Trends
PDD Holdings has reported Total Non-Current Liabilities for 8 years, with the latest figure at $412.0 million in Q4 2025.
- Quarterly Total Non-Current Liabilities fell 10.28% year-over-year to $412.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $412.0 million (down 10.28% YoY) and the FY2025 annual result came in at $417.8 million, down 7.53% from the prior year.
- Total Non-Current Liabilities declined to $412.0 million in Q4 2025 per PDD's latest filing, from $435.9 million in the prior quarter.
- Over five years, Total Non-Current Liabilities peaked at $2.3 billion in Q3 2022 and troughed at $345.8 million in Q4 2022.
- A 5-year average of $1.1 billion and a median of $1.1 billion in 2024 frame the typical range for Total Non-Current Liabilities.
- The widest YoY moves for Total Non-Current Liabilities: up 218.7% in 2023, down 83.92% in 2023.
- Over 5 years, Total Non-Current Liabilities stood at $1.9 billion in 2021, then tumbled by 82.12% to $345.8 million in 2022, then soared by 218.7% to $1.1 billion in 2023, then plunged by 58.34% to $459.2 million in 2024, then dropped by 10.28% to $412.0 million in 2025.
- According to Business Quant data, Total Non-Current Liabilities over the past three periods registered $412.0 million, $435.9 million, and $464.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,938.11 Bn | 2,815.12 Bn | 198.88 Bn | 1,016.13 Bn |
| 2 | PDD Holdings | 506.15 Bn | 446.60 Bn | 9.83 Bn | 411.98 Mn |
| 3 | Mercadolibre | 98.09 Bn | 82.90 Bn | 4.16 Bn | 7.15 Bn |
| 4 | DoorDash | 93.45 Bn | 88.10 Bn | 2.35 Bn | 9.35 Bn |
| 5 | JD.com | 87.02 Bn | 57.84 Bn | 7.66 Bn | 13.85 Bn |
| 6 | Sea | 77.91 Bn | 69.39 Bn | 3.15 Bn | 2.44 Bn |
| 7 | Ebay | 47.32 Bn | 44.01 Bn | 2.30 Bn | 12.76 Bn |
| 8 | Coupang | 29.67 Bn | 23.56 Bn | 2.49 Bn | 13.73 Bn |
| 9 | Zkh | 16.25 Bn | 16.25 Bn | 51.11 Mn | 23,320.00 |
| 10 | Wayfair | 13.69 Bn | 12.55 Bn | 1.05 Bn | 5.75 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 411.98 Mn |
| Sep 30, 2025 | 435.90 Mn |
| Jun 30, 2025 | 464.87 Mn |
| Mar 31, 2025 | 521.88 Mn |
| Dec 31, 2024 | 459.18 Mn |
| Sep 30, 2024 | 1.18 Bn |
| Jun 30, 2024 | 1.09 Bn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | 1.10 Bn |
| Sep 30, 2023 | 558.78 Mn |
| Jun 30, 2023 | 406.44 Mn |
| Mar 31, 2023 | 368.91 Mn |
| Dec 31, 2022 | 345.82 Mn |
| Sep 30, 2022 | 2.33 Bn |
| Jun 30, 2022 | 2.30 Bn |
| Mar 31, 2022 | 2.29 Bn |
| Dec 31, 2021 | 1.93 Bn |
| Sep 30, 2021 | 1.88 Bn |
| Jun 30, 2021 | 1.82 Bn |
| Mar 31, 2021 | 1.82 Bn |