PDD Holdings Inc.
PDDNASDAQConsumer Cyclical● Active
$85.07
$-0.81(-0.94%)
Market Cap$119.4B
P/E Ratio—
52W High$139.41
52W Low$81.56
PDD Holdings Inc. (PDD) · Cash Flow
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · PDD · as of 2026-06-08
Financial statements
Operating CF · CapEx · Free Cash Flow
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | $97.84B | $112.43B | $60.03B | $31.54B | $7.77B |
| Depreciation & Amort. | $3.00B | $2.64B | $1.89B | $2.74B | $1.84B |
| Stock-Based Comp. | $7.94B | $9.88B | $7.08B | $7.72B | $4.77B |
| Change in Working Capital | $7.37B | $6.66B | $26.46B | $7.42B | $13.56B |
| Net Cash from Operations | $106.94B | $121.93B | $94.16B | $7.03B | $28.78B |
| Investing Activities | |||||
| Capital Expenditure | ($1.15B) | ($0.97B) | ($0.58B) | ($0.64B) | ($3.29B) |
| Purchases of Investments | ($280.56B) | ($267.85B) | ($189.50B) | ($170.79B) | ($130.27B) |
| Sales of Investments | $238.48B | $150.43B | $134.52B | $149.07B | $97.55B |
| Net Cash from Investing | ($43.42B) | ($118.36B) | ($55.43B) | ($3.24B) | ($35.56B) |
| Financing Activities | |||||
| Common Stock Repurchased | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Dividends Paid | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Debt Issued / Repaid | ($5.23B) | ($0.00B) | ($8.97B) | $0.00B | ($1.88B) |
| Net Cash from Financing | ($5.23B) | $0.00B | ($8.96B) | $0.01B | ($1.88B) |
| Free Cash Flow | |||||
| Free Cash Flow | $105.79B | $120.96B | $93.58B | $6.40B | $25.50B |
| FCF Margin %(computed) | 24.50% | 30.71% | 37.79% | 4.90% | 27.14% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · CNY · B
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About PDD Holdings Inc. (PDD) Cash Flow Statement
PDD Holdings Inc. generated operating cash flow of $106.94B and free cash flow of $105.79B for 2025 — a FCF margin of 24.50%. Capital expenditure was ($1.15B).
Frequently asked questions
PDD · 4 questionsPDD Holdings Inc. generated free cash flow of $105.79B for 2025, down 12.5% year-over-year.
PDD free cash flowFCF margincash flow yield
· Source: FMP /stable/cash-flow-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08