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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 Average Monthly Active Users by Quarter

Average Monthly Active Users — MAU (million — legacy FY2017–FY2022Q1) (M)

QuarterlyAnnual

PDD Average Monthly Active Users: 751M in Q1 2022, up 3.7% from a year earlier. That is the highest of the 20 quarters on record here. No newer figure appears in the documents we track.

Latest, Q1 2022
751
Period ended Mar 31, 2022
Change on a year earlier
+3.7%
725 in Q1 2021
History
20 quarters
Since Q2 2017
Sources
16
Documents cited below

Where the Q1 2022 figure comes from

“|| · | Average monthly active users 2 in the quarter was 751.3 million, an increase of 4% from 724.6 million in the same quarter of 2021.”

Source: PDD Holdings Inc. Form 6-K (tm2217231d1_ex99-1.htm, filed 2022-05-31) ↗

Quarterly history

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

PeriodEndedAverage Monthly Active Users — MAU (million — legacy FY2017–FY2022Q1) (M)Year on yearSource
Q1 2022Mar 31, 2022751+3.7%PDD Holdings Inc. Form 6-K (tm2217231d1_ex99-1.htm, filed 2022-05-31) ↗
Q4 2021Dec 31, 2021733+1.9%PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗
Q3 2021Sep 30, 2021742+15.2%PDD Holdings Inc. Form 6-K (tm2134544d1_ex99-1.htm, filed 2021-12-03) ↗
Q2 2021Jun 30, 2021739+29.8%PDD Holdings Inc. Form 6-K (tm2125843d1_ex99-1.htm, filed 2021-08-25) ↗
Q1 2021Mar 31, 2021725+48.7%PDD Holdings Inc. Form 6-K (tm2217231d1_ex99-1.htm, filed 2022-05-31) ↗
Q4 2020Dec 31, 2020720+49.5%PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗
Q3 2020Sep 30, 2020643+49.8%PDD Holdings Inc. Form 6-K (tm2134544d1_ex99-1.htm, filed 2021-12-03) ↗
Q2 2020Jun 30, 2020569+55.4%PDD Holdings Inc. Form 6-K (tm2125843d1_ex99-1.htm, filed 2021-08-25) ↗
Q1 2020Mar 31, 2020487+68.2%PDD Holdings Inc. Form 6-K (tm2118049d1_ex99-1.htm, filed 2021-06-01) ↗
Q4 2019Dec 31, 2019482+76.6%PDD Holdings Inc. Form 6-K (a21-10044_1ex99d1.htm, filed 2021-03-18) ↗
Q3 2019Sep 30, 2019430+85.4%PDD Holdings Inc. Form 6-K (a20-35925_1ex99d1.htm, filed 2020-11-13) ↗
Q2 2019Jun 30, 2019366+87.7%PDD Holdings Inc. Form 6-K (a20-29170_1ex99d1.htm, filed 2020-08-24) ↗
Q1 2019Mar 31, 2019290+74.3%PDD Holdings Inc. Form 6-K (a20-20891_1ex99d1.htm, filed 2020-05-26) ↗
Q4 2018Dec 31, 2018273+93.3%PDD Holdings Inc. Form 6-K (a20-12514_1ex99d1.htm, filed 2020-03-12) ↗
Q3 2018Sep 30, 2018232+225.9%PDD Holdings Inc. Form 6-K (a19-23587_1ex99d1.htm, filed 2019-11-21) ↗
Q2 2018Jun 30, 2018195+494.5%PDD Holdings Inc. Form 6-K (a19-17467_1ex99d1.htm, filed 2019-08-22) ↗

Breakdown

What makes up average Monthly Active Users

Cite this data

StockData. (2026). PDD Average Monthly Active Users (M), quarterly Q2 2017–Q1 2022 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/sec-ops-mau-m-27

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