PDD Holdings Inc.
PDDNasdaqServices-Business Services, NECFiscal year ends December 31
$81.68+3.07 (+3.91%)
Close on Nov 2, 2026Market cap $116.26BP/E 8.3Yield –
PDD Payable to Merchants (US$ million) by Year
Payable to Merchants (US$ million) ($M)
PDD Payable to Merchants (US$ million): $15,359M in FY2025, up 22.3% from a year earlier. That is the highest of the 8 years on record here.
Latest, FY2025
15,359
Period ended Dec 31, 2025
Change on a year earlier
+22.3%
12,557 in FY2024
History
8 years
Since FY2018
Sources
8
Documents cited below
Where the FY2025 figure comes from
“|| Payable to merchants | 91,655,947 | 107,407,160 | 15,359,020”
Source: PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Payable to Merchants (US$ million) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 15,359 | +22.3% | PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗ |
| FY2024 | Dec 31, 2024 | 12,557 | +18.9% | PDD Holdings Inc. Form 6-K (tm259886d1_ex99-1.htm, filed 2025-03-20) ↗ |
| FY2023 | Dec 31, 2023 | 10,563 | +15.1% | PDD Holdings Inc. Form 6-K (tm249325d1_ex99-1.htm, filed 2024-03-21) ↗ |
| FY2022 | Dec 31, 2022 | 9,180 | -6.4% | PDD Holdings Inc. Form 6-K (tm2310024d1_ex99-1.htm, filed 2023-03-22) ↗ |
| FY2021 | Dec 31, 2021 | 9,809 | +18.9% | PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗ |
| FY2020 | Dec 31, 2020 | 8,250 | +91.9% | PDD Holdings Inc. Form 6-K (a21-10044_1ex99d1.htm, filed 2021-03-18) ↗ |
| FY2019 | Dec 31, 2019 | 4,299 | +71.1% | PDD Holdings Inc. Form 6-K (a20-12514_1ex99d1.htm, filed 2020-03-12) ↗ |
| FY2018 | Dec 31, 2018 | 2,513 | – | PDD Holdings Inc. Form 6-K (a19-6538_1ex99d1.htm, filed 2019-03-15) ↗ |
Cite this data
StockData. (2026). PDD Payable to Merchants (US$ million) ($M), annual FY2018–FY2025 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/sec-bs-payable-to-merchants-usd-m-14
See every metric in the PDD KPI table. Data updated Oct 27, 2026.