iQIYI Financial Statements
NASDAQ: IQConsumer DiscretionaryConsumer Electronics/Video ChainsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
iQIYI revenue and earnings
In fiscal 2025, iQIYI generated $3.90 billion in revenue, down 2.5% from fiscal 2024, its first annual decline since 2024. iQIYI reported a net loss of $29.5 million, compared with net income of $104.7 million a year earlier. Gross margin was 21.1% (down from 24.9%) and operating margin 0.8%.
Over the last 5 fiscal years, IQ's revenue has grown at a -3.0% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
iQIYI 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.90B | 4.00B | 4.49B | 4.20B | 4.79B | 4.55B | 4.16B | 3.63B |
| Revenue growth (YoY) | -2.53% | -10.81% | +6.78% | -12.31% | +5.31% | +9.32% | +14.59% | — |
| Cost of Revenue | 3.08B | 3.01B | 3.25B | 3.24B | 4.32B | 4.27B | 4.36B | 3.95B |
| Gross Profit | 822.09M | 996.21M | 1.24B | 968.25M | 477.18M | 279.36M | -194.59M | -311.79M |
| Operating Expenses | 789.30M | 748.08M | 814.19M | 777.97M | 1.18B | 1.21B | 1.14B | 896.30M |
| Research & Development | 237.82M | 243.64M | 248.82M | 275.36M | 438.58M | 410.04M | 383.11M | 290.11M |
| Selling, General & Admin | 551.48M | 504.44M | 565.37M | 502.61M | 741.48M | 795.07M | 752.11M | 606.19M |
| Operating Income | 32.79M | 248.13M | 421.06M | 190.28M | -702.89M | -925.75M | -1.33B | -1.21B |
| Interest Expense | 130.07M | 145.50M | 159.20M | 103.68M | 211.77M | 163.42M | 131.34M | 13.78M |
| Other Income (Expense) | -41.30M | -131.46M | -134.77M | -195.18M | -240.53M | -144.58M | -138.91M | -98.35M |
| Pretax Income | -8.51M | 116.68M | 286.29M | -4.90M | -943.41M | -1.07B | -1.47B | -1.31B |
| Income Tax | 20.67M | 8.37M | 11.27M | 12.18M | 15.15M | 3.57M | 7.45M | 11.46M |
| Net Income | -29.50M | 104.68M | 271.20M | -19.75M | -968.14M | -1.08B | -1.48B | -1.32B |
| Net Income growth (YoY) | -128.18% | -61.40% | — | — | — | — | — | — |
| EBITDA | 52.57M | 268.40M | 459.81M | 239.21M | -640.08M | -852.12M | -1.26B | -1.16B |
| Gross Margin | 21.07% | 24.88% | 27.52% | 23.03% | 9.95% | 6.14% | -4.67% | -8.58% |
| Operating Margin | 84.00% | 6.20% | 9.38% | 4.53% | -14.66% | -20.33% | -31.93% | -33.24% |
| Net Margin | -76.00% | 2.61% | 6.04% | -47.00% | -20.19% | -23.69% | -35.61% | -36.45% |
This table shows 8 annual periods of iQIYI's income statement, from FY 2025 back to FY 2018, across 16 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow IQ's reporting calendar. What is a income statement?