Operating CF
106.94B CNY
Capex
0.00 CNY
Free Cash Flow
106.94B CNY
FCF Margin
+100.0%
Cash flow waterfall for PDD Holdings (PDD) — TTM through Q4 2025
Free cash flow: 106.94B CNY
Note: Other Investing is large — driven mainly by purchases or sales of investments.
Cash flow breakdown for PDD Holdings (PDD) — TTM through Q4 2025
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | 106.94B CNY | 106.94B CNY |
| Capital Expenditure | 0.00 CNY | 106.94B CNY |
| Free Cash Flow | 106.94B CNY | 106.94B CNY |
| Other Investing | −43.42B CNY | 63.52B CNY |
| Other Financing | −5.23B CNY | 58.29B CNY |
| Forex Effect | −1.75B CNY | 56.54B CNY |
| Net Cash Increase | 56.54B CNY | 56.54B CNY |
- Operating Cash Flow106.94B CNY
- Capital Expenditure0.00 CNY
- Free Cash Flow106.94B CNY
- Other Investing−43.42B CNY
- Other Financing−5.23B CNY
- Forex Effect−1.75B CNY
- Net Cash Increase56.54B CNY
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