iQIYI Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	27,291	29,225	31,873	28,998	30,554
Revenue Growth (YoY)	-6.62%	-8.31%	9.92%	-5.10%	2.85%
Cost of Revenue	21,542	21,954	23,103	22,319	27,514
Gross Profit	5,749	7,272	8,770	6,678	3,041
Selling, General & Admin	3,857	3,682	4,014	3,467	4,725
Research & Development	1,663	1,778	1,767	1,899	2,795
Total Operating Expenses	5,520	5,460	5,781	5,366	7,520
Operating Income	229.32	1,811	2,989	1,312	-4,479
Interest Income	329.99	289.61	206.25	-143.83	-327.71
Interest Expense	-909.62	-1,062	-1,130	-715.08	-1,350
Other Non-Operating Income (Expense)	290.82	-187.11	-32.81	-487.28	144.47
Total Non-Operating Income (Expense)	-288.82	-959.52	-956.88	-1,346	-1,533
Pretax Income	-59.5	851.68	2,033	-33.78	-6,012
Provision for Income Taxes	144.54	61.09	80.05	84	96.55
Net Income	-206.31	764.06	1,925	-136.21	-6,190
Minority Interest in Earnings	2.27	26.53	27.09	18.44	61.05
Net Income Attributable to Preferred Dividends	-	-	-	-	20.34
Net Income to Common	-206.31	764.06	1,925	-136.21	-6,190
Net Income Growth	-	-60.32%	-	-	-
Shares Outstanding (Basic)	964	961	954	855	796
Shares Outstanding (Diluted)	964	971	975	855	796
Shares Change (YoY)	-0.78%	-0.35%	13.96%	7.49%	7.62%
EPS (Basic)	-0.21	0.77	2.03	-0.14	-7.77
EPS (Diluted)	-0.21	0.77	1.96	-0.14	-7.77
EPS Growth	-	-60.71%	-	-	-
Shares Outstanding	964.91	962.84	959.45	869.81	799.82
Free Cash Flow	9.99	2,031	3,315	-244.83	-6,213
Free Cash Flow Growth	-99.51%	-38.73%	-	-	-
Free Cash Flow Per Share	0.01	2.09	3.40	-0.29	-7.81
Gross Margin	21.07%	24.88%	27.52%	23.03%	9.95%
Operating Margin	0.84%	6.20%	9.38%	4.53%	-14.66%
Profit Margin	-0.75%	2.71%	6.13%	-0.41%	-19.99%
FCF Margin	0.04%	6.95%	10.40%	-0.84%	-20.34%
EBITDA	443.29	2,055	3,444	1,827	-3,917
EBITDA Margin	1.62%	7.03%	10.81%	6.30%	-12.82%
EBIT	229.32	1,811	2,989	1,312	-4,479
EBIT Margin	0.84%	6.20%	9.38%	4.53%	-14.66%
Effective Tax Rate	-242.92%	7.17%	3.94%	-248.70%	-1.61%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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