Baidu Financial Statements
NASDAQ: BIDUTechnologyComputer Software: Programming Data ProcessingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Baidu revenue and earnings
In fiscal 2025, Baidu generated $18.46 billion in revenue, up 1.2% from fiscal 2024. Net income was $799.0 million (-75.5% year over year), for a net margin of 4.3% versus a median of 15.1% in the prior 5 years. Gross margin was 43.9% (down from 50.3%) and operating margin -4.5%.
Over the last 5 fiscal years, BIDU's revenue has grown at a 2.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Baidu income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.46B | 18.24B | 18.96B | 17.93B | 19.54B | 16.41B | 15.43B | 14.88B | 13.03B | 10.16B |
| Revenue growth (YoY) | +1.21% | -3.80% | +5.73% | -8.22% | +19.05% | +6.36% | +3.72% | +14.13% | +28.27% | -0.84% |
| Cost of Revenue | 10.36B | 9.06B | 9.16B | 9.27B | 10.09B | 8.45B | 9.03B | 7.53B | 6.62B | 5.08B |
| Gross Profit | 8.10B | 9.18B | 9.80B | 8.66B | 9.44B | 7.96B | 6.40B | 7.35B | 6.42B | 5.08B |
| Operating Expenses | 8.93B | 6.27B | 6.72B | 6.36B | 7.79B | 5.76B | 5.50B | 5.09B | 4.00B | 3.63B |
| Research & Development | 2.92B | 3.03B | 3.41B | 3.38B | 3.91B | 2.99B | 2.63B | 2.29B | 1.99B | 1.46B |
| Selling, General & Admin | 3.70B | 3.24B | 3.31B | 2.98B | 3.88B | 2.77B | 2.86B | 2.80B | 2.02B | 2.17B |
| Operating Income | -833.00M | 2.91B | 3.08B | 2.31B | 1.65B | 2.20B | 906.00M | 2.26B | 2.41B | 1.45B |
| Interest Expense | 398.00M | 387.00M | 457.00M | 422.00M | 537.00M | 476.00M | 425.00M | 274.00M | 248.00M | 166.72M |
| Other Income (Expense) | 1.79B | 1.01B | 472.00M | -841.00M | 40.00M | 1.34B | -955.00M | 1.72B | 860.00M | 642.39M |
| Pretax Income | 960.00M | 3.92B | 3.55B | 1.47B | 1.69B | 3.54B | -49.00M | 3.97B | 3.27B | 2.09B |
| Income Tax | 180.00M | 609.00M | 514.00M | 374.00M | 500.00M | 623.00M | 279.00M | 690.00M | 460.00M | 419.64M |
| Net Income | 799.00M | 3.25B | 2.86B | 1.10B | 1.60B | 3.44B | 296.00M | 4.01B | 2.81B | 1.68B |
| Net Income growth (YoY) | -75.45% | +13.77% | +161.04% | -31.71% | -53.40% | +1063.51% | -92.62% | +42.60% | +67.84% | -67.76% |
| EBITDA | 267.00M | 3.82B | 4.08B | 3.21B | 2.55B | 3.07B | 1.71B | 2.80B | 3.00B | 1.94B |
| Gross Margin | 43.88% | 50.35% | 51.69% | 48.31% | 48.34% | 48.48% | 41.49% | 49.41% | 49.22% | 49.99% |
| Operating Margin | -4.51% | 15.98% | 16.24% | 12.87% | 8.45% | 13.39% | 5.87% | 15.19% | 18.49% | 14.24% |
| Net Margin | 4.33% | 17.85% | 15.09% | 6.11% | 8.22% | 20.99% | 1.92% | 26.96% | 21.57% | 16.49% |
This table shows 10 annual periods of Baidu's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow BIDU's reporting calendar. What is a income statement?