Baidu Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 2002
Revenue	134,598	123,675	124,493	107,074	107,413	102,277	84,809	70,549	66,382	49,052	Upgrade
Revenue Growth (YoY)	8.83%	-0.66%	16.27%	-0.32%	5.02%	20.60%	20.21%	6.28%	35.33%	53.56%	Upgrade
Cost of Revenue	65,031	63,935	64,314	55,158	62,850	51,744	43,062	35,278	27,458	18,885	Upgrade
Gross Profit	69,567	59,740	60,179	51,916	44,563	50,533	41,747	35,271	38,924	30,167	Upgrade
Selling, General & Admin	23,519	20,514	24,723	18,063	19,910	19,231	13,128	15,071	17,076	10,382	Upgrade
Research & Development	24,192	23,315	24,938	19,513	18,346	15,772	12,928	10,151	10,176	6,981	Upgrade
Operating Expenses	47,711	43,829	49,661	37,576	38,256	35,003	26,056	25,222	27,252	17,363	Upgrade
Operating Income	21,856	15,911	10,518	14,340	6,307	15,530	15,691	10,049	11,672	12,804	Upgrade
Interest Expense / Income	3,248	2,913	3,421	3,103	2,960	1,883	1,615	1,158	1,041	628.57	Upgrade
Other Expense / Income	-5,356	2,861	-6,316	-15,299	-658	-18,669	-7,220	-5,654	-28,508	-3,252.91	Upgrade
Pretax Income	23,964	10,137	13,413	26,536	4,005	32,316	21,296	14,545	39,139	15,428	Upgrade
Income Tax	3,649	2,578	3,187	4,064	1,948	4,743	2,995	2,913	5,475	2,231	Upgrade
Net Income	20,315	7,559	10,226	22,472	2,057	27,573	18,301	11,632	33,664	13,197	Upgrade
Net Income Growth	168.75%	-26.08%	-54.49%	992.46%	-92.54%	50.66%	57.33%	-65.45%	155.09%	25.08%	Upgrade
Shares Outstanding (Basic)	2,807	2,782	2,758	2,732	2,787	2,792	2,778	2,773	2,794	2,805	Upgrade
Shares Outstanding (Diluted)	2,837	2,809	2,814	2,756	2,791	2,814	2,796	2,781	2,803	2,816	Upgrade
Shares Change	1.00%	-0.18%	2.10%	-1.25%	-0.82%	0.64%	0.56%	-0.79%	-0.47%	0.46%	Upgrade
EPS (Basic)	55.84	20.00	28.64	65.52	5.68	78.64	52.75	31.95	95.46	37.49	Upgrade
EPS (Diluted)	55.12	19.84	28.08	64.96	5.60	78.00	52.41	31.86	95.15	37.34	Upgrade
EPS Growth	177.82%	-29.34%	-56.77%	1060.00%	-92.82%	48.83%	64.48%	-66.51%	154.80%	24.38%	Upgrade
Free Cash Flow	25,425	17,884	9,226	19,116	9,878	14,079	18,927	18,346	14,543	13,130	Upgrade
Free Cash Flow Per Share	72.46	51.43	26.76	55.98	28.36	40.34	54.51	52.92	41.64	37.45	Upgrade
Gross Margin	51.69%	48.30%	48.34%	48.49%	41.49%	49.41%	49.22%	50.00%	58.64%	61.50%	Upgrade
Operating Margin	16.24%	12.87%	8.45%	13.39%	5.87%	15.18%	18.50%	14.24%	17.58%	26.10%	Upgrade
Profit Margin	15.09%	6.11%	8.21%	20.99%	1.92%	26.96%	21.58%	16.49%	50.71%	26.90%	Upgrade
Free Cash Flow Margin	18.89%	14.46%	7.41%	17.85%	9.20%	13.77%	22.32%	26.00%	21.91%	26.77%	Upgrade
Effective Tax Rate	15.23%	25.43%	23.76%	15.32%	48.64%	14.68%	14.06%	20.03%	13.99%	14.46%	Upgrade
EBITDA	41,581	25,353	29,310	40,489	16,218	40,580	35,470	19,154	43,066	18,281	Upgrade
EBITDA Margin	30.89%	20.50%	23.54%	37.81%	15.10%	39.68%	41.82%	27.15%	64.88%	37.27%	Upgrade
Depreciation & Amortization	14,369	12,303	12,476	10,850	9,253	6,381	12,559	3,451	2,886	2,224	Upgrade
EBIT	27,212	13,050	16,834	29,639	6,965	34,199	22,911	15,703	40,180	16,057	Upgrade
EBIT Margin	20.22%	10.55%	13.52%	27.68%	6.48%	33.44%	27.01%	22.26%	60.53%	32.73%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).