Baidu, Inc. (BIDU) balance sheet

NASDAQ · Communication Services · Internet Content & Information · 33,500 employees · CEO Yanhong Li

Price: $76.40 -2.86%
Market cap: $26B
Enterprise value: CN¥262B
Last report: Q2 '26 filed 2026-08-18
Next report: 2026-11-16

At the end of Q2 '26 Baidu, Inc. (BIDU) held CN¥166B in cash and short-term investments against CN¥113B of debt incl. leases. Total assets CN¥470B, total liabilities CN¥175B, shareholders' equity CN¥272B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	CN¥34.9B	CN¥25.2B	CN¥30.4B	CN¥43.5B	CN¥28.7B	CN¥24.8B	CN¥49.2B	CN¥29.9B	CN¥38.6B	CN¥24.6B	CN¥4.42B	CN¥24.7B
Short-term investments	CN¥156B	CN¥169B	CN¥150B	CN¥107B	CN¥104B	CN¥103B	CN¥92.6B	CN¥93.9B	CN¥86.2B	CN¥90.7B	CN¥12.6B	CN¥142B
Receivables	CN¥15.7B	CN¥16.6B	CN¥12.1B	CN¥12.5B	CN¥11.2B	CN¥14.3B	CN¥11.8B	CN¥12.3B	CN¥12.5B	CN¥13.7B	CN¥2.16B	CN¥14.2B
Inventory	CN¥0	CN¥1.4B	CN¥0	CN¥0	CN¥0	CN¥5.99B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other current assets	CN¥23.5B	CN¥14.6B	CN¥25.2B	CN¥24.4B	CN¥28.1B	CN¥15B	CN¥22.2B	CN¥21B	CN¥21B	CN¥23B	CN¥3.31B	CN¥26.7B
Current assets	CN¥230B	CN¥230B	CN¥217B	CN¥187B	CN¥172B	CN¥169B	CN¥176B	CN¥157B	CN¥158B	CN¥152B	CN¥22.5B	CN¥207B
Property, plant & equipment (net)	CN¥37B	CN¥38.8B	CN¥38.8B	CN¥40.1B	CN¥40.4B	CN¥41B	CN¥41.9B	CN¥43.1B	CN¥33.8B	CN¥34.9B	CN¥5.12B	CN¥47.1B
Long-term investments	CN¥77.8B	CN¥72.6B	CN¥92.4B	CN¥119B	CN¥133B	CN¥140B	CN¥150B	CN¥155B	CN¥158B	CN¥169B	CN¥23.1B	CN¥117B
Goodwill	CN¥22.6B	CN¥22.6B	CN¥22.6B	CN¥22.6B	CN¥22.6B	CN¥22.6B	CN¥37.6B	CN¥37.6B	CN¥37.6B	CN¥36.8B	CN¥5.32B	CN¥36.8B
Intangible assets	CN¥20.6B	CN¥21.2B	CN¥21.4B	CN¥22B	CN¥21.9B	CN¥22.4B	CN¥23.4B	CN¥24.4B	CN¥23.8B	CN¥24.4B	CN¥3.63B	CN¥18.9B
Deferred tax assets	CN¥1.78B	CN¥2.1B	CN¥2.26B	CN¥2.34B	CN¥2.85B	CN¥2.19B	CN¥2.17B	CN¥2.35B	CN¥5.26B	CN¥4.58B	CN¥762M	CN¥4.48B
Other non-current assets	CN¥20.8B	CN¥19.2B	CN¥19.8B	CN¥22.5B	CN¥24.3B	CN¥30.5B	CN¥23.3B	CN¥30.6B	CN¥26.8B	CN¥27.7B	CN¥4.67B	CN¥38.1B
Non-current assets	CN¥181B	CN¥177B	CN¥197B	CN¥228B	CN¥245B	CN¥259B	CN¥278B	CN¥293B	CN¥286B	CN¥297B	CN¥42.6B	CN¥263B
Total assets	CN¥411B	CN¥407B	CN¥415B	CN¥416B	CN¥417B	CN¥428B	CN¥454B	CN¥451B	CN¥444B	CN¥449B	CN¥65.1B	CN¥470B
Liabilities
Accounts payable	CN¥37.2B	CN¥0	CN¥36.7B	CN¥38B	CN¥39B	CN¥0	CN¥38.8B	CN¥38.2B	CN¥36.7B	CN¥0	CN¥5.71B	CN¥40.1B
Accrued expenses	CN¥0	CN¥30.1B	CN¥0	CN¥0	CN¥0	CN¥31.6B	CN¥0	CN¥0	CN¥0	CN¥34.8B	CN¥0	CN¥0
Short-term debt	CN¥21B	CN¥19.1B	CN¥22.7B	CN¥23.4B	CN¥19.7B	CN¥19.1B	CN¥18.4B	CN¥28.2B	CN¥27.6B	CN¥28.4B	CN¥4.19B	CN¥34B
Taxes payable	CN¥0	CN¥2.69B	CN¥0	CN¥0	CN¥0	CN¥3.53B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥15.2B	CN¥16.3B	CN¥13.9B	CN¥14.3B	CN¥14.6B	CN¥16.6B	CN¥14.5B	CN¥13.6B	CN¥13.7B	CN¥13.6B	CN¥81.9M	CN¥431M
Other current liabilities	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥2.15B	CN¥14.6B
Current liabilities	CN¥81.6B	CN¥76.5B	CN¥77.9B	CN¥80.8B	CN¥78.4B	CN¥81B	CN¥76.9B	CN¥85.1B	CN¥83B	CN¥86.3B	CN¥12.1B	CN¥89.1B
Long-term debt	CN¥58.7B	CN¥57.4B	CN¥58.7B	CN¥51.1B	CN¥49.6B	CN¥51.9B	CN¥75B	CN¥55.6B	CN¥62.1B	CN¥61.1B	CN¥8.87B	CN¥73.5B
Lease obligations (non-current)	CN¥4.83B	CN¥5.04B	CN¥4.89B	CN¥5.06B	CN¥4.91B	CN¥4.97B	CN¥5.11B	CN¥4.64B	CN¥4.15B	CN¥4.11B	CN¥570M	CN¥5.41B
Deferred revenue (non-current)	CN¥540M	CN¥681M	CN¥707M	CN¥807M	CN¥797M	CN¥816M	CN¥856M	CN¥857M	CN¥857M	CN¥922M	CN¥139M	CN¥927M
Deferred tax liabilities	CN¥2.75B	CN¥2.73B	CN¥2.82B	CN¥2.94B	CN¥2.89B	CN¥3.87B	CN¥4.01B	CN¥4.2B	CN¥4.07B	CN¥4.99B	CN¥754M	CN¥5.43B
Other non-current liabilities	CN¥1.92B	CN¥1.9B	CN¥1.93B	CN¥1.89B	CN¥1.52B	CN¥1.61B	CN¥2.02B	CN¥2.29B	CN¥2.27B	CN¥1.99B	CN¥287M	CN¥477M
Non-current liabilities	CN¥68.7B	CN¥67.7B	CN¥69B	CN¥61.8B	CN¥59.7B	CN¥63.2B	CN¥87B	CN¥67.5B	CN¥73.5B	CN¥73.1B	CN¥10.6B	CN¥85.7B
Total liabilities	CN¥150B	CN¥144B	CN¥147B	CN¥143B	CN¥138B	CN¥144B	CN¥164B	CN¥153B	CN¥156B	CN¥159B	CN¥22.8B	CN¥175B
Equity
Common stock & paid-in capital	CN¥242B	CN¥0	CN¥248B	CN¥253B	CN¥260B	CN¥0	CN¥270B	CN¥275B	CN¥265B	CN¥266B	CN¥0	CN¥0
Retained earnings	CN¥0	CN¥161B	CN¥0	CN¥0	CN¥0	CN¥180B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Accumulated other comprehensive income	CN¥0	-CN¥895M	CN¥0	CN¥0	CN¥0	-CN¥1.8B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Shareholders' equity	CN¥242B	CN¥244B	CN¥248B	CN¥253B	CN¥260B	CN¥264B	CN¥270B	CN¥275B	CN¥265B	CN¥266B	CN¥38.9B	CN¥272B
Debt
Total debt (incl. leases)	CN¥87.5B	CN¥84.6B	CN¥89.4B	CN¥82.8B	CN¥77.4B	CN¥79.3B	CN¥102B	CN¥91.8B	CN¥97.2B	CN¥97.1B	CN¥13.6B	CN¥113B
Net debt (debt - cash)	CN¥52.6B	CN¥59.4B	CN¥59B	CN¥39.3B	CN¥48.7B	CN¥54.5B	CN¥52.9B	CN¥61.9B	CN¥58.6B	CN¥72.5B	CN¥9.21B	CN¥88.2B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥10.9B	CN¥11.1B	CN¥27.6B	CN¥33.4B	CN¥35.8B	CN¥36.9B	CN¥53.2B	CN¥25.2B	CN¥24.8B	CN¥24.6B
Short-term investments	CN¥78.9B	CN¥108B	CN¥112B	CN¥113B	CN¥126B	CN¥143B	CN¥121B	CN¥169B	CN¥103B	CN¥90.7B
Receivables	CN¥4.87B	CN¥5.05B	CN¥8.78B	CN¥11.1B	CN¥11.6B	CN¥14.8B	CN¥21.1B	CN¥16.6B	CN¥14.3B	CN¥13.7B
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥618M	CN¥1.48B	CN¥1.23B	CN¥1.4B	CN¥5.99B	CN¥0
Other current assets	CN¥3.5B	CN¥25.9B	CN¥4.02B	CN¥3.26B	CN¥5.07B	CN¥12.9B	CN¥12.9B	CN¥14.6B	CN¥15B	CN¥23B
Current assets	CN¥99.8B	CN¥151B	CN¥155B	CN¥166B	CN¥183B	CN¥213B	CN¥213B	CN¥230B	CN¥169B	CN¥152B
Property, plant & equipment (net)	CN¥11.3B	CN¥12.5B	CN¥17.9B	CN¥25.6B	CN¥27.3B	CN¥35.1B	CN¥34.3B	CN¥38.8B	CN¥41B	CN¥34.9B
Long-term investments	CN¥45.7B	CN¥56.3B	CN¥80.5B	CN¥69.4B	CN¥76.2B	CN¥67.3B	CN¥78.9B	CN¥72.6B	CN¥140B	CN¥169B
Goodwill	CN¥15.3B	CN¥15.8B	CN¥18.5B	CN¥18.3B	CN¥22.2B	CN¥22.6B	CN¥22.5B	CN¥22.6B	CN¥22.6B	CN¥36.8B
Intangible assets	CN¥3.87B	CN¥5.47B	CN¥9.18B	CN¥12.2B	CN¥15B	CN¥19.9B	CN¥21.1B	CN¥21.2B	CN¥22.4B	CN¥24.4B
Deferred tax assets	CN¥1.1B	CN¥1.53B	CN¥2.32B	CN¥2.19B	CN¥1.67B	CN¥2.37B	CN¥2.13B	CN¥2.1B	CN¥2.19B	CN¥4.58B
Other non-current assets	CN¥4.94B	CN¥9B	CN¥14.1B	CN¥8.02B	CN¥6.89B	CN¥19.4B	CN¥19.2B	CN¥19.2B	CN¥30.5B	CN¥27.7B
Non-current assets	CN¥82.2B	CN¥101B	CN¥142B	CN¥136B	CN¥149B	CN¥167B	CN¥178B	CN¥177B	CN¥259B	CN¥297B
Total assets	CN¥182B	CN¥252B	CN¥298B	CN¥301B	CN¥333B	CN¥380B	CN¥391B	CN¥407B	CN¥428B	CN¥449B
Liabilities
Accrued expenses	CN¥18.1B	CN¥23.8B	CN¥31.7B	CN¥27.9B	CN¥27.9B	CN¥33.6B	CN¥30.2B	CN¥30.1B	CN¥31.6B	CN¥34.8B
Short-term debt	CN¥9.79B	CN¥7.75B	CN¥10B	CN¥8.57B	CN¥15.2B	CN¥14.7B	CN¥20.6B	CN¥19.1B	CN¥19.1B	CN¥28.4B
Taxes payable	CN¥793M	CN¥2.27B	CN¥2.34B	CN¥3.12B	CN¥3.78B	CN¥4.43B	CN¥3.64B	CN¥2.69B	CN¥3.53B	CN¥0
Deferred revenue	CN¥9.46B	CN¥9.23B	CN¥10.8B	CN¥12.7B	CN¥13.6B	CN¥14.7B	CN¥14.3B	CN¥16.3B	CN¥16.6B	CN¥13.6B
Current liabilities	CN¥46.1B	CN¥82.1B	CN¥56.9B	CN¥57.4B	CN¥68.4B	CN¥74.5B	CN¥79.6B	CN¥76.5B	CN¥81B	CN¥86.3B
Long-term debt	CN¥34.5B	CN¥35.8B	CN¥54.9B	CN¥58.2B	CN¥60.3B	CN¥68.4B	CN¥63.2B	CN¥57.4B	CN¥51.9B	CN¥61.1B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥4.49B	CN¥4.69B	CN¥5.57B	CN¥4.81B	CN¥5.04B	CN¥4.97B	CN¥4.11B
Deferred revenue (non-current)	CN¥28M	CN¥73M	CN¥1.36B	CN¥1.03B	CN¥783M	CN¥352M	CN¥490M	CN¥681M	CN¥816M	CN¥922M
Deferred tax liabilities	CN¥3.59B	CN¥3.38B	CN¥4.1B	CN¥3.27B	CN¥3.07B	CN¥3.29B	CN¥2.9B	CN¥2.73B	CN¥3.87B	CN¥4.99B
Other non-current liabilities	CN¥64.7M	CN¥39M	CN¥4.6B	CN¥4.15B	CN¥3.6B	CN¥3.99B	CN¥2.16B	CN¥1.9B	CN¥1.61B	CN¥1.99B
Non-current liabilities	CN¥38.2B	CN¥39.3B	CN¥65B	CN¥71.1B	CN¥72.5B	CN¥81.6B	CN¥73.5B	CN¥67.7B	CN¥63.2B	CN¥73.1B
Total liabilities	CN¥84.3B	CN¥121B	CN¥122B	CN¥129B	CN¥141B	CN¥156B	CN¥153B	CN¥144B	CN¥144B	CN¥159B
Equity
Common stock & paid-in capital	CN¥15K	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥266B
Retained earnings	CN¥85.7B	CN¥102B	CN¥129B	CN¥126B	CN¥135B	CN¥145B	CN¥148B	CN¥161B	CN¥180B	CN¥0
Accumulated other comprehensive income	-CN¥1.78B	CN¥930M	CN¥210M	-CN¥1.38B	CN¥199M	-CN¥8M	CN¥546M	-CN¥895M	-CN¥1.8B	CN¥0
Shareholders' equity	CN¥92.3B	CN¥115B	CN¥163B	CN¥164B	CN¥183B	CN¥211B	CN¥223B	CN¥244B	CN¥264B	CN¥266B
Debt
Total debt (incl. leases)	CN¥44.3B	CN¥43.6B	CN¥64.9B	CN¥73.5B	CN¥82.6B	CN¥91.5B	CN¥91.4B	CN¥84.6B	CN¥79.3B	CN¥97.1B
Net debt (debt - cash)	CN¥33.4B	CN¥32.5B	CN¥37.3B	CN¥40.1B	CN¥46.8B	CN¥54.7B	CN¥38.2B	CN¥59.4B	CN¥54.5B	CN¥72.5B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in USD.