Free Cash Flow for PDD Holdings (PDD)
Free Cash Flow for PDD Holdings (PDD): headline value $106.94B · YoY -11.6%. 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 .
PDD
Currently viewingFree Cash FlowSwitch metric
Latest period
$106.94B
YoY change
-11.6%
5Y CAGR
+30.6%
Peak year (2024)
$120.96B
Latest annual
$106.94B
Free Cash Flow history chart for PDD Holdings (PDD) from 2016 to 2025
Free Cash Flow history table for PDD Holdings (PDD) from 2016 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $106.94B | -11.6% | ||
| 2024 | $120.96B | +29.3% | ||
| 2023 | $93.58B | +1362.8% | ||
| 2022 | $6.40B | -74.9% | ||
| 2021 | $25.50B | -9.4% | ||
| 2020 | $28.15B | +90.3% | ||
| 2019 | $14.79B | +91.1% | ||
| 2018 | $7.74B | +2425.0% | ||
| 2017 | $306.56M | -65.1% | ||
| 2016 | $877.48M | — |
Free Cash Flow values are taken from PDD Holdings's reported cash flow 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
In 2025, PDD Holdings (PDD) free cash flow totalled $106.94B – declined 11.6% year-over-year.
PDD Holdings free cash flow compound annual growth for the 2020–2025 (5 years) window is +30.6%, with the latest reading among the more recent periods of the dataset.
PDD Holdings free cash flow peaked at $120.96B in 2024; the latest annual figure is $106.94B in 2025 (11.6% below peak).
The dataset's maximum free cash flow sits at $120.96B (2024); the minimum reading of $306.56M dates to 2017.
PDD Holdings (PDD) sits 1st of 8 Consumer Cyclical peers we track on this metric, against a peer median of $7.67B.
PDD Holdings Free Cash Flow by Year
PDD Holdings Free Cash Flow 2025: $106.94B
PDD Holdings free cash flow in 2025 was $106.94B, declined 11.6% below 2024.
PDD Holdings Free Cash Flow 2024: $120.96B
PDD Holdings free cash flow in 2024 was $120.96B, grew 29.3% from 2023. This figure represents the highest annual value in the available history.
PDD Holdings Free Cash Flow 2023: $93.58B
PDD Holdings free cash flow in 2023 was $93.58B, surged 1362.8% from 2022.
PDD Holdings Free Cash Flow 2022: $6.40B
PDD Holdings free cash flow in 2022 was $6.40B, plunged 74.9% below 2021.
PDD Holdings Free Cash Flow 2021: $25.50B
PDD Holdings free cash flow in 2021 was $25.50B.
See more financial history for PDD Holdings (PDD).
Sector peers — Free Cash Flow
Companies in the same sector as PDD Holdings, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $78.16B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $12.65B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.09B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $7.70B | Consumer Cyclical |
| Lowe's Companies, Inc. (LOW) | $7.65B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $7.19B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $6.22B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $4.86B | Consumer Cyclical |
Frequently asked questions
What is PDD Holdings's free cash flow?
Latest reported free cash flow for PDD Holdings (PDD) is $106.94B (period ending December 31, 2025).
How has PDD Holdings free cash flow changed year-over-year?
PDD Holdings (PDD) free cash flow changed -11.6% year-over-year on the latest annual filing.
What is the long-term growth rate of PDD Holdings free cash flow?
PDD Holdings (PDD) free cash flow compound annual growth rate is +30.6% over the most recent 5 years available.
When did PDD Holdings free cash flow hit its highest annual value?
PDD Holdings free cash flow reached its highest annual value of $120.96B in 2024.
What was PDD Holdings free cash flow in 2024?
PDD Holdings (PDD) free cash flow in 2024 was $120.96B.
What was PDD Holdings free cash flow in 2025?
PDD Holdings (PDD) free cash flow in 2025 was $106.94B.
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