Latest period
$2.38B
YoY change
-11.0%
5Y CAGR
+28.8%
Peak year (FY2024)
$17B
Latest annual
$15.1B
Operating Cash Flow history chart for PDD Holdings (PDD) from 2016 to 2025
Latest: $15.1B
Operating Cash Flow growth chart for PDD Holdings (PDD) from 2016 to 2025
Latest: -11.0%
Operating Cash Flow history table for PDD Holdings (PDD) from 2016 to 2025
| FY2025 | $15.1B | -11.0% | -$1.87B | ||
| FY2024 | $17B | +30.1% | +$3.92B | ||
| FY2023 | $13B | +1217.4% | +$12B | ||
| FY2022 | $990M | -78.0% | -$3.51B | ||
| FY2021 | $4.5B | +5.7% | +$244M | ||
| FY2020 | $4.26B | +102.4% | +$2.15B | ||
| FY2019 | $2.1B | +87.3% | +$981M | ||
| FY2018 | $1.12B | +2254.7% | +$1.08B | ||
| FY2017 | $47.7M | -63.0% | -$81.1M | ||
| FY2016 | $129M | — | — |
- FY2025$15.1B-11.0%
- FY2024$17B+30.1%
- FY2023$13B+1217.4%
- FY2022$990M-78.0%
- FY2021$4.5B+5.7%
- FY2020$4.26B+102.4%
- FY2019$2.1B+87.3%
- FY2018$1.12B+2254.7%
- FY2017$47.7M-63.0%
- FY2016$129M—
Operating 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 Operating Cash Flow at PDD Holdings (PDD)
Operating Cash Flow for PDD Holdings (PDD): headline value $2.38B · YoY -11.0%. 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 .
The 2025 reading of PDD Holdings (PDD) operating cash flow is 107B CNY – declined 12.3% year-over-year.
Through 2020–2025 (5 years), PDD Holdings operating cash flow delivered a +30.6% annualised rate; with mixed annual results across the window.
Between 2024 and 2025, PDD Holdings operating cash flow declined 12.3%, falling from 122B CNY to 107B CNY.
Across the available history, operating cash flow reached its high of 122B CNY in 2024 and its low of 315M CNY in 2017.
PDD Holdings Operating Cash Flow by Year
PDD Holdings Operating Cash Flow 2025: $15.1B
In 2025, PDD Holdings reported operating cash flow of 107B CNY ($15.1B), declined 12.3% below 2024.
PDD Holdings Operating Cash Flow 2024: $17B
PDD Holdings operating cash flow in 2024 was 122B CNY ($17B), grew 29.5% from 2023. This figure represents the highest annual value in the available history.
PDD Holdings Operating Cash Flow 2023: $13B
2023's operating cash flow for PDD Holdings came in at 94.2B CNY ($13B), surged 1238.9% from 2022.
PDD Holdings Operating Cash Flow 2022: $990M
PDD Holdings posted operating cash flow of 7.03B CNY ($990M) in 2022, plunged 75.6% below 2021.
PDD Holdings Operating Cash Flow 2021: $4.5B
PDD Holdings operating cash flow in 2021 was 28.8B CNY ($4.5B).
See more financial history for PDD Holdings (PDD).
Sector peers by Operating Cash Flow
Consumer Cyclical peers of PDD Holdings (PDD), ranked by their latest operating cash flow
| $140B | |
| $16.3B | |
| $14.7B | |
| $11B | |
| $10.6B | |
| $9.41B | |
| $6.87B | |
| $4.75B |
- $140B
- $16.3B
- $14.7B
- $11B
- $10.6B
- $9.41B
- $6.87B
- $4.75B
Frequently asked questions
PDD Holdings (PDD) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.