Research & Development Expenses
The latest quarterly r&d expense is $636.43 Million with a quarter-over-quarter change of -10.87%. Research and Development (R&D) expenses represent the costs incurred by a company in developing new products, services, or processes.
PDD R&D Expense
Reported quarterly R&D expense; no daily interpolation.
Current R&D Expense
$636.43M
$636.43 Million
Quarter-over-Quarter Change
-10.87%
vs. $714.07M prior quarter
Historical Data
37
Quarters of data available
Quarterly R&D Expense History
| Period | R&D Expense | QoQ Change | % Change |
|---|---|---|---|
| Q1 2026 | $636.43M | $-77.64M | -10.87% |
| Q4 2025 | $714.07M | +$105.70M | +17.37% |
| Q3 2025 | $608.37M | +$107.20M | +21.39% |
| Q2 2025 | $501.16M | +$8.28M | +1.68% |
| Q1 2025 | $492.88M | $-24.44M | -4.72% |
| Q4 2024 | $517.32M | +$80.92M | +18.54% |
| Q3 2024 | $436.41M | +$36.21M | +9.05% |
| Q2 2024 | $400.19M | $-2.62M | -0.65% |
| Q1 2024 | $402.81M | $-647,172.7 | -0.16% |
| Q4 2023 | $403.45M | +$13.57M | +3.48% |
| Q3 2023 | $389.88M | +$12.98M | +3.44% |
| Q2 2023 | $376.90M | +$12.01M | +3.29% |
| Q1 2023 | $364.89M | +$16.14M | +4.63% |
| Q4 2022 | $348.75M | $-30.42M | -8.02% |
| Q3 2022 | $379.17M | $-10.52M | -2.70% |
| Q2 2022 | $389.69M | $-30.97M | -7.36% |
| Q1 2022 | $420.66M | +$102.35M | +32.15% |
| Q4 2021 | $318.32M | $-57.35M | -15.27% |
| Q3 2021 | $375.67M | +$15.10M | +4.19% |
| Q2 2021 | $360.57M | +$22.06M | +6.52% |
| Q1 2021 | $338.51M | +$39.58M | +13.24% |
| Q4 2020 | $298.93M | +$33.22M | +12.50% |
| Q3 2020 | $265.72M | +$30.51M | +12.97% |
| Q2 2020 | $235.21M | +$27.27M | +13.12% |
| Q1 2020 | $207.94M | +$25.22M | +13.80% |
| Q4 2019 | $182.71M | +$25.01M | +15.86% |
| Q3 2019 | $157.70M | +$40.69M | +34.77% |
| Q2 2019 | $117.01M | +$17.62M | +17.73% |
| Q1 2019 | $99.40M | +$23.03M | +30.16% |
| Q4 2018 | $76.37M | +$28.06M | +58.09% |
| Q3 2018 | $48.31M | +$20.20M | +71.85% |
| Q2 2018 | $28.11M | +$16.50M | +142.17% |
| Q1 2018 | $11.61M | +$3.55M | +43.97% |
| Q4 2017 | $8.06M | +$2.69M | +50.02% |
| Q3 2017 | $5.37M | +$1.70M | +46.41% |
| Q2 2017 | $3.67M | +$1.34M | +57.72% |
| Q1 2017 | $2.33M | — | — |
About PDD Holdings Inc.
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness, and auto accessories; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
- Sector
- Consumer Cyclical
- Industry
- Software - Services
- CEO
- Lei Chen