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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 Pinduoduo Marketplace Operating Metrics (Legacy by Quarter

Pinduoduo Marketplace Operating Metrics (Legacy — Discontinued from Q1/Q2 2022): 12-Month Gross Merchandise Volume (GMV TTM — RMB billion)

QuarterlyAnnual

PDD Pinduoduo Marketplace Operating Metrics (Legacy: 2,441 in Q4 2021, up 46.4% from a year earlier. That is the highest of the 16 quarters on record here. No newer figure appears in the documents we track.

Latest, Q4 2021
2,441
Period ended Dec 31, 2021
Change on a year earlier
+46.4%
1,668 in Q4 2020
History
16 quarters
Since Q2 2017
Sources
12
Documents cited below

Where the Q4 2021 figure comes from

“|| ● | GMV 1 in the twelve-month period ended December 31, 2021 was RMB2,441.0 billion (US$ 2 383.0 billion), an increase of 46% from RMB1,667.6 billion in the twelve-month period ended December 31, 2020.”

Source: PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗

Reported continuously from FY2017 to FY2021Q4 (reaching RMB 2.441,0 billion in 2021); the company stopped reporting GMV from Q1 2022.

Quarterly history

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

PeriodEndedPinduoduo Marketplace Operating Metrics (Legacy — Discontinued from Q1/Q2 2022): 12-Month Gross Merchandise Volume (GMV TTM — RMB billion)Year on yearSource
Q4 2021Dec 31, 20212,441+46.4%PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗
Q4 2020Dec 31, 20201,668+65.7%PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗
Q3 2020Sep 30, 20201,458+73.5%PDD Holdings Inc. Form 6-K (a20-35925_1ex99d1.htm, filed 2020-11-13) ↗
Q2 2020Jun 30, 20201,269+78.9%PDD Holdings Inc. Form 6-K (a20-29170_1ex99d1.htm, filed 2020-08-24) ↗
Q1 2020Mar 31, 20201,157+107.6%PDD Holdings Inc. Form 6-K (a20-20891_1ex99d1.htm, filed 2020-05-26) ↗
Q4 2019Dec 31, 20191,007+113.4%PDD Holdings Inc. Form 6-K (a21-10044_1ex99d1.htm, filed 2021-03-18) ↗
Q3 2019Sep 30, 2019840+143.7%PDD Holdings Inc. Form 6-K (a20-35925_1ex99d1.htm, filed 2020-11-13) ↗
Q2 2019Jun 30, 2019709+170.5%PDD Holdings Inc. Form 6-K (a20-29170_1ex99d1.htm, filed 2020-08-24) ↗
Q1 2019Mar 31, 2019557+180.5%PDD Holdings Inc. Form 6-K (a20-20891_1ex99d1.htm, filed 2020-05-26) ↗
Q4 2018Dec 31, 2018472+234.0%PDD Holdings Inc. Form 6-K (a20-12514_1ex99d1.htm, filed 2020-03-12) ↗
Q3 2018Sep 30, 2018345+386.3%PDD Holdings Inc. Form 6-K (a19-23587_1ex99d1.htm, filed 2019-11-21) ↗
Q2 2018Jun 30, 2018262+582.6%PDD Holdings Inc. Form 6-K (a19-17467_1ex99d1.htm, filed 2019-08-22) ↗
Q1 2018Mar 31, 2018199–PDD Holdings Inc. Form 6-K (a19-10321_1ex99d1.htm, filed 2019-05-21) ↗
Q4 2017Dec 31, 2017141–PDD Holdings Inc. Form 6-K (a19-6538_1ex99d1.htm, filed 2019-03-15) ↗
Q3 2017Sep 30, 201771–PDD Holdings Inc. Form 6-K (a18-40503_1ex99d1.htm, filed 2018-11-20) ↗
Q2 2017Jun 30, 201738–PDD Holdings Inc. Form 6-K (a18-24123_1ex99d1.htm, filed 2018-08-31) ↗

Breakdown

What makes up pinduoduo Marketplace Operating Metrics (Legacy

Cite this data

StockData. (2026). PDD Pinduoduo Marketplace Operating Metrics (Legacy, quarterly Q2 2017–Q4 2021 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/sec-ops-gmv-ttm-rmb-b-33

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