EBITDA for PDD Holdings (PDD)
According to PDD Holdings's latest reported financial statements, the company's current EBITDA (TTM) is $104.34B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PDD
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$104.34B
YoY change
-15.7%
5Y CAGR
N/A
Peak year (2024)
$109.13B
Cumulative EBITDA
$279.83B
EBITDA history chart for PDD Holdings (PDD) from 2016 to 2025
EBITDA history table for PDD Holdings (PDD) from 2016 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $92.05B | -15.7% | ||
| 2024 | $109.13B | +83.5% | ||
| 2023 | $59.48B | +82.3% | ||
| 2022 | $32.63B | +288.8% | ||
| 2021 | $8.39B | -196.1% | ||
| 2020 | -$8.73B | +10.5% | ||
| 2019 | -$7.90B | +81.7% | ||
| 2018 | -$4.35B | +645.4% | ||
| 2017 | -$583.46M | +104.4% | ||
| 2016 | -$285.45M | — |
EBITDA values are taken from PDD Holdings's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in CNY as filed.
Analysis
The 2025 reading of PDD Holdings (PDD) EBITDA is $92.05B – declined 15.7% year-over-year.
Between 2024 and 2025, PDD Holdings EBITDA declined 15.7%, falling from $109.13B to $92.05B.
Across the available history, EBITDA reached its high of $109.13B in 2024 and its low of -$8.73B in 2020.
Within Consumer Cyclical, PDD Holdings (PDD) ranks 3rd among 8 peers we track. The peer median for EBITDA is $13.20B.
PDD Holdings EBITDA by Year
PDD Holdings EBITDA 2025: $92.05B
PDD Holdings EBITDA in 2025 was $92.05B, declined 15.7% below 2024.
PDD Holdings EBITDA 2024: $109.13B
PDD Holdings EBITDA in 2024 was $109.13B, surged 83.5% from 2023. This figure represents the highest annual value in the available history.
PDD Holdings EBITDA 2023: $59.48B
PDD Holdings EBITDA in 2023 was $59.48B, surged 82.3% from 2022.
PDD Holdings EBITDA 2022: $32.63B
PDD Holdings EBITDA in 2022 was $32.63B, surged 288.8% from 2021.
PDD Holdings EBITDA 2021: $8.39B
PDD Holdings EBITDA in 2021 was $8.39B.
See more financial history for PDD Holdings (PDD).
Sector peers — EBITDA
Companies in the same sector as PDD Holdings, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $182.67B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $165.34B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $24.29B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $14.64B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $11.76B | Consumer Cyclical |
| Lowe's Companies, Inc. (LOW) | $10.69B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.22B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $8.55B | Consumer Cyclical |
Frequently asked questions
What is PDD Holdings's EBITDA?
- Latest reported EBITDA for PDD Holdings (PDD) is $104.34B (period ending December 31, 2025).
How has PDD Holdings EBITDA changed year-over-year?
- PDD Holdings (PDD) EBITDA changed -15.7% year-over-year on the latest annual filing.
When did PDD Holdings EBITDA hit its highest annual value?
- PDD Holdings EBITDA reached its highest annual value of $109.13B in 2024.
What was PDD Holdings EBITDA in 2024?
- PDD Holdings (PDD) EBITDA in 2024 was $109.13B.
What was PDD Holdings EBITDA in 2025?
- PDD Holdings (PDD) EBITDA in 2025 was $92.05B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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