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PDD Holdings Inc.

PDDNasdaqServices-Business Services, NECFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026Score 11/30
$81.68+3.07 (+3.91%)

Close on Nov 2, 2026Market cap $116.26BP/E 8.3Yield –

PDD Customer Advances and Deferred Revenues by Quarter

Customer Advances and Deferred Revenues (RMB million) (M)

QuarterlyAnnual

PDD Customer Advances and Deferred Revenues: 3,641M in Q2 2026, up 1.1% from a year earlier. That is the highest of the 33 quarters on record here.

Latest, Q2 2026
3,641
Period ended Jun 30, 2026
Change on a year earlier
+1.1%
3,602 in Q2 2025
History
33 quarters
Since Q4 2017
Sources
31
Documents cited below

Where the Q2 2026 figure comes from

“|| Customer advances and deferred revenues | 3,379 | 3,641 | 537”

Source: PDD Holdings Inc. Form 6-K (tm2623874d1_ex99-1.htm, filed 2026-08-25) ↗

Primarily prepaid balances deposited by merchants into online advertising bidding accounts on the Pinduoduo platform.

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedCustomer Advances and Deferred Revenues (RMB million) (M)Year on yearSource
Q2 2026Jun 30, 20263,641+1.1%PDD Holdings Inc. Form 6-K (tm2623874d1_ex99-1.htm, filed 2026-08-25) ↗
Q1 2026Mar 31, 20263,521+19.6%PDD Holdings Inc. Form 6-K (tm2615739d1_ex99-1.htm, filed 2026-05-28) ↗
Q4 2025Dec 31, 20253,379+14.7%PDD Holdings Inc. Form 6-K (tm2623874d1_ex99-1.htm, filed 2026-08-25) ↗
Q3 2025Sep 30, 20253,332+12.9%PDD Holdings Inc. Form 6-K (tm2531580d1_ex99-1.htm, filed 2025-11-18) ↗
Q2 2025Jun 30, 20253,602+49.2%PDD Holdings Inc. Form 6-K (tm2524268d1_ex99-1.htm, filed 2025-08-25) ↗
Q1 2025Mar 31, 20252,945+29.1%PDD Holdings Inc. Form 6-K (tm2516198d1_ex99-1.htm, filed 2025-05-27) ↗
Q4 2024Dec 31, 20242,947+37.4%PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗
Q3 2024Sep 30, 20242,952+44.4%PDD Holdings Inc. Form 6-K (tm2429127d1_ex99-1.htm, filed 2024-11-21) ↗
Q2 2024Jun 30, 20242,414+47.2%PDD Holdings Inc. Form 6-K (tm2422641d1_ex99-1.htm, filed 2024-08-26) ↗
Q1 2024Mar 31, 20242,281+47.8%PDD Holdings Inc. Form 6-K (tm2415048d1_ex99-1.htm, filed 2024-05-22) ↗
Q4 2023Dec 31, 20232,145+54.3%PDD Holdings Inc. Form 6-K (tm259886d1_ex99-1.htm, filed 2025-03-20) ↗
Q3 2023Sep 30, 20232,044+46.9%PDD Holdings Inc. Form 6-K (tm2331648d1_ex99-1.htm, filed 2023-11-28) ↗
Q2 2023Jun 30, 20231,639+31.9%PDD Holdings Inc. Form 6-K (tm2325046d1_ex99-1.htm, filed 2023-08-29) ↗
Q1 2023Mar 31, 20231,543+45.5%PDD Holdings Inc. Form 6-K (tm2317221d1_ex99-1.htm, filed 2023-05-30) ↗
Q4 2022Dec 31, 20221,390+19.1%PDD Holdings Inc. Form 6-K (tm249325d1_ex99-1.htm, filed 2024-03-21) ↗
Q3 2022Sep 30, 20221,392+21.6%PDD Holdings Inc. Form 6-K (tm2231418d1_ex99-1.htm, filed 2022-11-28) ↗

Breakdown

What makes up customer Advances and Deferred Revenues

Cite this data

StockData. (2026). PDD Customer Advances and Deferred Revenues (M), quarterly Q4 2017–Q2 2026 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/sec-bs-customer-advances-deferred-rev-rmb-m-19

See every metric in the PDD KPI table. Data updated Oct 27, 2026.