Baidu, Inc. (BIDU)
NASDAQ: BIDU · Real-Time Price · USD
95.28
-1.84 (-1.89%)
At close: Aug 31, 2026, 4:00 PM EDT
95.40
+0.12 (0.13%)
After-hours: Aug 31, 2026, 7:59 PM EDT
Baidu Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Operating Revenue | 31,325 | 32,075 | 77,722 | 16,566 | 17,485 | 32,452 | 73,902 | 20,108 | 20,625 | 18,490 | 20,804 | 21,346 | 21,081 | 17,972 | 19,571 | 19,943 | 18,268 | 16,929 | 20,723 | 21,050 |
Other Revenue | - | - | -44,982 | 14,608 | 15,228 | - | -39,778 | 13,449 | 13,306 | 13,023 | 14,147 | 13,101 | 12,975 | 13,172 | 13,506 | 12,597 | 11,379 | 11,482 | 12,365 | 10,871 |
| 31,325 | 32,075 | 32,740 | 31,174 | 32,713 | 32,452 | 34,124 | 33,557 | 33,931 | 31,513 | 34,951 | 34,447 | 34,056 | 31,144 | 33,077 | 32,540 | 29,647 | 28,411 | 33,088 | 31,921 | |
Revenue Growth (YoY) | -4.24% | -1.16% | -4.06% | -7.10% | -3.59% | 2.98% | -2.37% | -2.58% | -0.37% | 1.19% | 5.67% | 5.86% | 14.87% | 9.62% | -0.03% | 1.94% | -5.43% | 0.98% | 9.34% | 13.07% |
Cost of Revenue | 19,098 | 19,589 | 18,277 | 18,315 | 18,357 | 17,487 | 18,014 | 16,399 | 16,398 | 15,291 | 17,165 | 16,294 | 16,167 | 15,152 | 16,877 | 16,273 | 15,171 | 15,546 | 17,283 | 16,126 |
Gross Profit | 12,227 | 12,486 | 14,463 | 12,859 | 14,356 | 14,965 | 16,110 | 17,158 | 17,533 | 16,222 | 17,786 | 18,153 | 17,889 | 15,992 | 16,200 | 16,267 | 14,476 | 12,865 | 15,805 | 15,795 |
Selling, General & Admin | 4,596 | 4,912 | 7,389 | 6,581 | 5,960 | 5,913 | 6,678 | 5,867 | 5,700 | 5,375 | 5,854 | 5,778 | 6,298 | 5,589 | 5,881 | 5,193 | 4,784 | 4,656 | 6,451 | 7,320 |
Research & Development | 4,607 | 4,381 | 5,591 | 5,179 | 5,119 | 4,544 | 5,515 | 5,366 | 5,889 | 5,363 | 6,287 | 6,101 | 6,381 | 5,423 | 5,658 | 5,757 | 6,292 | 5,608 | 7,390 | 6,167 |
Operating Expenses | 9,203 | 9,293 | 12,980 | 11,760 | 11,079 | 10,457 | 12,193 | 11,233 | 11,589 | 10,738 | 12,141 | 11,879 | 12,679 | 11,012 | 11,539 | 10,950 | 11,076 | 10,264 | 13,841 | 13,487 |
Operating Income | 3,024 | 3,193 | 1,483 | 1,099 | 3,277 | 4,508 | 3,917 | 5,925 | 5,944 | 5,484 | 5,645 | 6,274 | 5,210 | 4,980 | 4,661 | 5,317 | 3,400 | 2,601 | 1,964 | 2,308 |
Interest Expense | -608 | -636 | -651 | -631 | -701 | -801 | -643 | -673 | -742 | -766 | -774 | -853 | -817 | -804 | -738 | -724 | -741 | -710 | -873 | -880 |
Interest & Investment Income | 1,685 | 1,963 | 2,051 | 1,930 | 1,957 | 2,664 | 2,001 | 1,877 | 1,993 | 2,091 | 2,064 | 2,082 | 1,948 | 1,915 | 1,647 | 1,619 | 1,525 | 1,454 | 1,514 | 1,462 |
Earnings From Equity Investments | 357 | 536 | 1,193 | 735 | 694 | 574 | -399 | 32 | -119 | -205 | -2,970 | -398 | -383 | -48 | -523 | -376 | -603 | -408 | -773 | -4 |
Currency Exchange Gain (Loss) | -1,160 | -989 | -1,054 | -357 | -621 | -210 | 1,678 | -1,096 | 93 | 401 | -449 | -26 | 1,176 | -106 | -338 | -806 | -329 | -11 | -27 | 7 |
Other Non Operating Income (Expenses) | -90 | -248 | -211 | 447 | 3,534 | 2,260 | 3,164 | -314 | -454 | 49 | 1,493 | -38 | -555 | 1,638 | 3,554 | 52 | -247 | -286 | -17,208 | -3,105 |
EBT Excluding Unusual Items | 3,208 | 3,819 | 2,811 | 3,223 | 8,140 | 8,995 | 9,718 | 5,751 | 6,715 | 7,054 | 5,009 | 7,041 | 6,579 | 7,575 | 8,263 | 5,082 | 3,005 | 2,640 | -15,403 | -212 |
Gain (Loss) on Sale of Investments | - | - | 16 | -279 | - | - | -1,650 | 1,358 | - | -782 | -1,138 | 385 | - | - | -1,821 | -4,535 | 546 | -3,000 | 17,774 | -18,974 |
Gain (Loss) on Sale of Assets | - | - | -101 | 101 | - | - | -1,491 | 1,491 | - | 458 | -753 | 753 | - | - | - | - | - | - | - | - |
Asset Writedown | - | - | - | -16,190 | - | - | - | - | - | - | -253 | - | - | - | -68 | - | - | - | -6 | - |
Pretax Income | 3,208 | 3,819 | 2,726 | -13,145 | 8,140 | 8,995 | 6,577 | 8,600 | 6,715 | 6,730 | 2,865 | 8,179 | 6,579 | 7,575 | 6,374 | 547 | 3,551 | -360 | 2,365 | -19,186 |
Income Tax Expense | 1,000 | 528 | 1,029 | -1,828 | 881 | 1,177 | 1,619 | 814 | 1,131 | 883 | -96 | 1,282 | 1,270 | 1,193 | 1,254 | 908 | 25 | 391 | 1,295 | -1,839 |
Earnings From Continuing Operations | 2,208 | 3,291 | 1,697 | -11,317 | 7,259 | 7,818 | 4,958 | 7,786 | 5,584 | 5,847 | 2,961 | 6,897 | 5,309 | 6,382 | 5,120 | -361 | 3,526 | -751 | 1,070 | -17,347 |
Minority Interest in Earnings | 111 | 154 | 85 | 85 | 63 | -101 | 234 | -154 | -96 | -399 | -362 | -216 | -99 | -557 | -167 | 215 | 111 | -134 | 645 | 788 |
Net Income | 2,319 | 3,445 | 1,782 | -11,232 | 7,322 | 7,717 | 5,192 | 7,632 | 5,488 | 5,448 | 2,599 | 6,681 | 5,210 | 5,825 | 4,953 | -146 | 3,637 | -885 | 1,715 | -16,559 |
Preferred Dividends & Other Adjustments | - | - | 926 | - | - | - | 588 | - | - | - | 717 | - | - | - | 591 | - | - | - | 350 | - |
Net Income to Common | 2,319 | 3,445 | 856 | -11,232 | 7,322 | 7,717 | 4,604 | 7,632 | 5,488 | 5,448 | 1,882 | 6,681 | 5,210 | 5,825 | 4,362 | -146 | 3,637 | -885 | 1,365 | -16,559 |
Net Income Growth (YoY) | -68.33% | -55.36% | -81.41% | - | 33.42% | 41.65% | 144.63% | 14.23% | 5.34% | -6.47% | -56.85% | - | 43.25% | - | 219.56% | - | - | - | -73.40% | - |
Shares Outstanding (Basic) | 340 | 340 | 340 | 339 | 340 | 344 | 347 | 348 | 350 | 351 | 352 | 352 | 351 | 350 | 349 | 349 | 348 | 346 | 348 | 347 |
Shares Outstanding (Diluted) | 344 | 346 | 345 | 339 | 341 | 345 | 348 | 349 | 351 | 352 | 354 | 356 | 354 | 355 | 350 | 349 | 351 | 346 | 352 | 347 |
Shares Change (YoY) | 0.92% | 0.07% | -0.90% | -2.73% | -2.64% | -1.92% | -1.66% | -2.00% | -1.06% | -0.74% | 1.03% | 2.01% | 0.82% | 2.53% | -0.53% | 0.43% | 1.04% | -0.36% | 2.96% | 1.13% |
EPS (Basic) | 6.83 | 10.13 | 2.52 | -33.12 | 21.54 | 22.44 | 13.27 | 21.92 | 15.70 | 15.54 | 5.35 | 18.99 | 14.86 | 16.65 | 12.51 | -0.42 | 10.47 | -2.56 | 3.93 | -47.69 |
EPS (Diluted) | 5.76 | 8.80 | 2.52 | -33.84 | 20.32 | 21.60 | 13.27 | 21.60 | 15.04 | 14.88 | 5.35 | 18.24 | 14.16 | 15.92 | 12.51 | -0.88 | 10.00 | -2.88 | 3.93 | -48.16 |
EPS Growth (YoY) | -71.65% | -59.26% | -81.04% | - | 35.11% | 45.16% | 147.90% | 18.42% | 6.21% | -6.53% | -57.21% | - | 41.60% | - | 218.53% | - | - | - | -73.93% | - |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | - | -3,246 | 637 | -2,145 | -4,677 | -8,901 | 23 | 2,634 | 6,261 | 4,182 | 6,958 | 5,996 | 7,926 | 4,545 | 5,924 | 6,551 | 5,516 | -107 | 477 | 691 |
Free Cash Flow Per Share | - | -9.39 | 1.85 | -6.33 | -13.71 | -25.78 | 0.07 | 7.55 | 17.86 | 11.88 | 19.67 | 16.86 | 22.37 | 12.82 | 16.92 | 18.78 | 15.70 | -0.31 | 1.35 | 1.99 |
Gross Margin | 39.03% | 38.93% | 44.17% | 41.25% | 43.89% | 46.11% | 47.21% | 51.13% | 51.67% | 51.48% | 50.89% | 52.70% | 52.53% | 51.35% | 48.98% | 49.99% | 48.83% | 45.28% | 47.77% | 49.48% |
Operating Margin | 9.65% | 9.96% | 4.53% | 3.52% | 10.02% | 13.89% | 11.48% | 17.66% | 17.52% | 17.40% | 16.15% | 18.21% | 15.30% | 15.99% | 14.09% | 16.34% | 11.47% | 9.16% | 5.94% | 7.23% |
Profit Margin | 7.40% | 10.74% | 2.61% | -36.03% | 22.38% | 23.78% | 13.49% | 22.74% | 16.17% | 17.29% | 5.38% | 19.39% | 15.30% | 18.70% | 13.19% | -0.45% | 12.27% | -3.12% | 4.13% | -51.88% |
Free Cash Flow Margin | - | -10.12% | 1.95% | -6.88% | -14.30% | -27.43% | 0.07% | 7.85% | 18.45% | 13.27% | 19.91% | 17.41% | 23.27% | 14.59% | 17.91% | 20.13% | 18.61% | -0.38% | 1.44% | 2.17% |
EBITDA | 5,222 | 5,391 | 9,399 | 3,385 | 5,411 | 6,458 | 13,473 | 7,689 | 7,635 | 7,101 | 7,672 | 8,227 | 7,073 | 8,661 | 6,458 | 9,349 | 7,432 | 6,633 | 3,294 | 6,765 |
EBITDA Margin | 16.67% | 16.81% | 28.71% | 10.86% | 16.54% | 19.90% | 39.48% | 22.91% | 22.50% | 22.53% | 21.95% | 23.88% | 20.77% | 27.81% | 19.52% | 28.73% | 25.07% | 23.35% | 9.96% | 21.19% |
D&A For EBITDA | 2,198 | 2,198 | 7,916 | 2,286 | 2,134 | 1,950 | 9,556 | 1,764 | 1,691 | 1,617 | 2,027 | 1,953 | 1,863 | 3,681 | 1,797 | 4,032 | 4,032 | 4,032 | 1,330 | 4,457 |
EBIT | 3,024 | 3,193 | 1,483 | 1,099 | 3,277 | 4,508 | 3,917 | 5,925 | 5,944 | 5,484 | 5,645 | 6,274 | 5,210 | 4,980 | 4,661 | 5,317 | 3,400 | 2,601 | 1,964 | 2,308 |
EBIT Margin | 9.65% | 9.96% | 4.53% | 3.52% | 10.02% | 13.89% | 11.48% | 17.66% | 17.52% | 17.40% | 16.15% | 18.21% | 15.30% | 15.99% | 14.09% | 16.34% | 11.47% | 9.16% | 5.94% | 7.23% |
Effective Tax Rate | 31.17% | 13.83% | 37.75% | - | 10.82% | 13.08% | 24.62% | 9.46% | 16.84% | 13.12% | - | 15.67% | 19.30% | 15.75% | 19.67% | 166.00% | 0.70% | - | 54.76% | - |
Revenue as Reported | - | - | - | 31,174 | 32,713 | - | - | 33,557 | 33,931 | 31,513 | 34,951 | 34,447 | 34,056 | 31,144 | 33,077 | 32,540 | 29,647 | 28,411 | 33,088 | 31,921 |