PDD Holdings Inc.
PDDNasdaqServices-Business Services, NECFiscal year ends December 31
$81.68+3.07 (+3.91%)
Close on Nov 2, 2026Market cap $116.26BP/E 8.2Yield –
PDD Advertising Expenses (Note 2 XBRL — US$ million) by Year
Advertising Expenses (Note 2 XBRL — US$ million) ($M)
PDD Advertising Expenses (Note 2 XBRL — US$ million): $10,714M in FY2025, up 14.2% from a year earlier.
Latest, FY2025
10,714
Period ended Dec 31, 2025
Change on a year earlier
+14.2%
9,381 in FY2024
History
8 years
Since FY2018
Sources
8
Documents cited below
Where the FY2025 figure comes from
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Advertising Expenses (Note 2 XBRL — US$ million) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 10,714 | +14.2% | PDD Holdings Inc. Form 20-F (filed 2026-04-29) ↗ |
| FY2024 | Dec 31, 2024 | 9,381 | -12.9% | PDD Holdings Inc. Form 20-F (filed 2025-04-28) ↗ |
| FY2023 | Dec 31, 2023 | 10,765 | +48.6% | PDD Holdings Inc. Form 20-F (filed 2024-04-25) ↗ |
| FY2022 | Dec 31, 2022 | 7,245 | +11.4% | PDD Holdings Inc. Form 20-F (filed 2023-04-26) ↗ |
| FY2021 | Dec 31, 2021 | 6,506 | +8.0% | PDD Holdings Inc. Form 20-F (filed 2022-04-25) ↗ |
| FY2020 | Dec 31, 2020 | 6,023 | +62.1% | PDD Holdings Inc. Form 20-F (filed 2021-04-30) ↗ |
| FY2019 | Dec 31, 2019 | 3,716 | +98.5% | PDD Holdings Inc. Form 20-F (filed 2020-04-24) ↗ |
| FY2018 | Dec 31, 2018 | 1,872 | – | PDD Holdings Inc. Form 20-F (filed 2019-04-24) ↗ |
Cite this data
StockData. (2026). PDD Advertising Expenses (Note 2 XBRL — US$ million) ($M), annual FY2018–FY2025 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/xbrl-advertising-expense-usd-233
See every metric in the PDD KPI table. Data updated Oct 27, 2026.