Latest period
$14.91B
YoY change
-11.3%
5Y CAGR
+28.5%
Peak year (2024)
$16.82B
Latest annual
$14.93B
Free Cash Flow history chart for PDD Holdings (PDD) from 2016 to 2025
Latest: $14.93B
Free Cash Flow growth chart for PDD Holdings (PDD) from 2016 to 2025
Latest: -11.3%
Free Cash Flow history table for PDD Holdings (PDD) from 2016 to 2025
| 2025 | $14.93B | -11.3% | −$1.90B | ||
| 2024 | $16.82B | +29.9% | +$3.87B | ||
| 2023 | $12.96B | +1339.3% | +$12.06B | ||
| 2022 | $900.08M | -77.4% | −$3.09B | ||
| 2021 | $3.99B | -6.2% | −$263.57M | ||
| 2020 | $4.25B | +102.5% | +$2.15B | ||
| 2019 | $2.10B | +87.6% | +$980.91M | ||
| 2018 | $1.12B | +2314.7% | +$1.07B | ||
| 2017 | $46.37M | -63.9% | −$82.09M | ||
| 2016 | $128.46M | — | — |
- 2025$14.93B-11.3%
- 2024$16.82B+29.9%
- 2023$12.96B+1339.3%
- 2022$900.08M-77.4%
- 2021$3.99B-6.2%
- 2020$4.25B+102.5%
- 2019$2.10B+87.6%
- 2018$1.12B+2314.7%
- 2017$46.37M-63.9%
- 2016$128.46M—
Free Cash Flow values are taken from PDD Holdings's reported cash flow statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts converted to USD using IAS 21 average exchange rates (P&L / cash flow) or closing rates (balance sheet). Originally filed in CNY.
About Free Cash Flow at PDD Holdings (PDD)
Free Cash Flow for PDD Holdings (PDD): headline value $14.91B · YoY -11.3%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, PDD Holdings (PDD) free cash flow totalled 105.79B CNY – declined 12.5% year-over-year.
PDD Holdings free cash flow compound annual growth for the 2020–2025 (5 years) window is +30.3%, with mixed annual results across the window.
PDD Holdings free cash flow peaked at 120.96B CNY in 2024; the latest annual figure is 105.79B CNY in 2025 (12.5% below peak).
The record annual free cash flow stands at 120.96B CNY, reached in 2024; the historical low of 306.56M CNY was recorded in 2017.
PDD Holdings Free Cash Flow by Year
PDD Holdings Free Cash Flow 2025: $14.93B
PDD Holdings free cash flow in 2025 was 105.79B CNY ($14.93B), declined 12.5% below 2024.
PDD Holdings Free Cash Flow 2024: $16.82B
2024's free cash flow for PDD Holdings came in at 120.96B CNY ($16.82B), grew 29.3% from 2023. This figure represents the highest annual value in the available history.
PDD Holdings Free Cash Flow 2023: $12.96B
PDD Holdings posted free cash flow of 93.58B CNY ($12.96B) in 2023, surged 1362.8% from 2022.
PDD Holdings Free Cash Flow 2022: $900.08M
In 2022, PDD Holdings reported free cash flow of 6.40B CNY ($900.08M), plunged 74.9% below 2021.
PDD Holdings Free Cash Flow 2021: $3.99B
PDD Holdings free cash flow in 2021 was 25.50B CNY ($3.99B).
See more financial history for PDD Holdings (PDD).
Sector peers by Free Cash Flow
Consumer Cyclical peers of PDD Holdings (PDD), ranked by their latest free cash flow
| $12.65B | |
| $9.09B | |
| $7.70B | |
| $7.65B | |
| $7.19B | |
| $6.22B | |
| $4.92B | |
| −$7.33B |
- $12.65B
- $9.09B
- $7.70B
- $7.65B
- $7.19B
- $6.22B
- $4.92B
- −$7.33B
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