PDD Holdings Inc.PDDNASDAQ
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SG&A Expense Growth Recovery in ProgressRecovering
Percentile Rank53
3Y CAGR-20.3%
5Y CAGR+3.4%
Year-over-Year Change

Year-over-year SG&A expense growth

3Y CAGR
-20.3%/yr
vs -2.1%/yr prior
5Y CAGR
+3.4%/yr
Recent deceleration
Acceleration
-18.2pp
Decelerating
Percentile
P53
Within normal range
vs 5Y Ago
1.2x
Modest growth
Streak
1 qtr
Consecutive growthRecovering
PeriodValue
Q3 202511.61%
Q2 2025-18.03%
Q1 20254.84%
Q4 20243.57%
Q3 202415.78%
Q2 202410.52%
Q1 2024-11.59%
Q4 202326.82%
Q3 202324.08%
Q2 20236.22%
Q1 2023-11.86%
Q4 202229.54%
Q3 202222.90%
Q2 20223.03%
Q1 20220.22%
Q4 202113.48%
Q3 2021-4.03%
Q2 2021-18.93%
Q1 2021-11.70%
Q4 202044.80%
Q3 20209.80%
Q2 202024.54%
Q1 2020-20.62%
Q4 201930.94%
Q3 201915.09%
Q2 201924.52%
Q1 2019-19.23%
Q4 201879.50%
Q3 2018-59.70%
Q2 2018603.84%
Q1 201862.78%
Q4 201776.05%
Q3 2017358.40%
Q2 2017-48.01%
Q1 20170.00%