PDD Holdings (LIM:PDD) Current Deferred Revenue: $511 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LIM:PDD PDD Holdings Inc LIM:PDD
67 GF Score
Price $82.50
GF Value $151.09
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is PDD Holdings Current Deferred Revenue?

PDD Holdings LIM:PDD 67 Current Deferred Revenue is $511 Mil as of Mar. 2026. GuruFocus rates LIM:PDD with a GF Score™ of 67/100 and a GF Value™ of $151.09 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Current Deferred Revenue represents collections of cash or other assets related to revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. It can be either current or non-current item. Also called unearned revenue.

PDD Holdings's current deferred revenue for the quarter that ended in Mar. 2026 was $511 Mil.

PDD Holdings Current Deferred Revenue Related Terms


PDD Holdings Current Deferred Revenue Historical Data

* Premium members only.

The historical data trend for PDD Holdings's Current Deferred Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PDD Holdings Current Deferred Revenue Chart

PDD Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Current Deferred Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 183.19 199.33 300.36 404.77 479.72

PDD Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Current Deferred Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 406.25 501.57 467.69 479.72 510.88
LIM:PDD
67GF Score
PDD Holdings Inc LIM:PDD
Current Deferred Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
What does a Current Deferred Revenue of $511 Mil mean?
PDD Holdings (LIM:PDD) has a Current Deferred Revenue of $511 Mil as of Mar. 2026. Current Deferred Revenue records the total amount of cash received for unfinished services. View historical data on PDD Holdings and its competitors.
Is PDD Holdings' Current Deferred Revenue too high?
PDD Holdings' current Current Deferred Revenue is $511 Mil. Overall, PDD Holdings has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PDD Holdings' Current Deferred Revenue compare to MELI and DASH?
PDD Holdings' Current Deferred Revenue of $511 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Deferred Revenue for a Retail - Cyclical company?
A good Current Deferred Revenue depends on the Retail - Cyclical industry context. However, Current Deferred Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Deferred Revenue mean?
A high Current Deferred Revenue can signal that a stock is expensive relative to its fundamentals. Current Deferred Revenue records the total amount of cash received for unfinished services. View historical data on PDD Holdings and its competitors. PDD Holdings's current Current Deferred Revenue is $511 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PDD Holdings stock overvalued right now?
Based on GuruFocus' analysis, PDD Holdings (LIM:PDD) is currently considered Significantly Undervalued. The stock's GF Value™ is $151.09, compared to a current price of $82.50 — trading 45.4% below its estimated fair value. The current Current Deferred Revenue is $511 Mil. PDD Holdings' overall GF Score™ is 67/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Deferred Revenue calculated?
Current Deferred Revenue is calculated from a company's financial statements. For PDD Holdings (LIM:PDD), the current Current Deferred Revenue is $511 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PDD Holdings (LIM:PDD) Overvalued in 2026?

Based on GuruFocus' analysis, PDD Holdings stock appears to be undervalued. The current stock price of $82.50 is trading 45.4% below its estimated GF Value™ of $151.09. GuruFocus considers PDD Holdings to be Significantly Undervalued.

Key valuation signals for LIM:PDD:

  • Current Deferred Revenue: $511 Mil
  • GF Value™: $151.09 vs. price of $82.50 (45.4% below fair value)
  • GF Score™: 67/100 with 2 warning signs

No single metric tells the full story. See the LIM:PDD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PDD Holdings Business Description

Address 25 St Stephen’s Green, First Floor, Dublin 2, Dublin, IRL, D02 XF99
PDD Holdings operates commerce businesses globally. Its main operations are Pinduoduo, a social commerce platform in China, and Temu, a global e-commerce marketplace. PDD also has a community group purchase business in China. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses. PDD has also started its first-party brand business for global markets.
67GF Score

Get the complete analysis for LIM:PDD

Current Deferred Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$82.50
Price
$151.09
GF Value