Baidu, Inc. (BIDU) income statement

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

Baidu, Inc. (BIDU) reported revenue of CN¥31.2B for Q2 '26 (-4.5% year on year), operating income of CN¥3.02B (9.7% of revenue) and net income of CN¥2.31B. Over the last four quarters revenue was CN¥127B.

Income statement

Income statement	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Revenue	CN¥34.4B	CN¥35B	CN¥31.5B	CN¥33.9B	CN¥33.6B	CN¥34.1B	CN¥32.5B	CN¥32.7B	CN¥31.2B	CN¥32.7B	CN¥32.1B	CN¥31.2B
Cost of revenue	CN¥16.3B	CN¥17.4B	CN¥15.3B	CN¥16.4B	CN¥16.4B	CN¥18B	CN¥17.5B	CN¥18.4B	CN¥18.3B	CN¥18.3B	CN¥19.6B	CN¥19B
Gross profit	CN¥18.2B	CN¥17.5B	CN¥16.2B	CN¥17.5B	CN¥17.2B	CN¥16.1B	CN¥15B	CN¥14.4B	CN¥12.9B	CN¥14.5B	CN¥12.5B	CN¥12.2B
Research & development	CN¥6.1B	CN¥6.29B	CN¥5.36B	CN¥5.89B	CN¥5.37B	CN¥5.52B	CN¥4.54B	CN¥5.12B	CN¥5.18B	CN¥5.59B	CN¥4.38B	CN¥4.59B
Operating expenses	CN¥11.9B	CN¥12.1B	CN¥10.7B	CN¥11.6B	CN¥11.2B	CN¥12.2B	CN¥10.5B	CN¥11.1B	CN¥11.8B	CN¥13B	CN¥9.29B	CN¥9.18B
Operating income	CN¥6.27B	CN¥5.39B	CN¥5.48B	CN¥5.94B	CN¥5.93B	CN¥3.92B	CN¥4.51B	CN¥3.28B	CN¥1.1B	CN¥1.48B	CN¥3.19B	CN¥3.02B
Interest income	CN¥2.08B	CN¥2.06B	CN¥2.09B	CN¥1.99B	CN¥1.88B	CN¥2B	CN¥2.66B	CN¥1.96B	CN¥1.93B	CN¥2.05B	CN¥1.96B	CN¥1.68B
Interest expense	CN¥853M	CN¥774M	CN¥766M	CN¥742M	CN¥673M	CN¥643M	CN¥801M	CN¥701M	CN¥631M	CN¥651M	CN¥636M	CN¥606M
Other non-operating income (gains on investments, FX ...)	-CN¥2.76B	CN¥1.75B	-CN¥2.01B	-CN¥1.51B	-CN¥3.35B	-CN¥3.3B	-CN¥5.29B	-CN¥5.56B	CN¥13.6B	-CN¥1.89B	-CN¥1.26B	CN¥0
Total non-operating income	CN¥1.91B	-CN¥2.53B	CN¥1.25B	CN¥771M	CN¥2.68B	CN¥2.66B	CN¥4.49B	CN¥4.86B	-CN¥14.2B	CN¥1.24B	CN¥626M	CN¥183M
Income before tax	CN¥8.18B	CN¥2.87B	CN¥6.73B	CN¥6.72B	CN¥8.6B	CN¥6.58B	CN¥9B	CN¥8.14B	-CN¥13.1B	CN¥2.73B	CN¥3.82B	CN¥3.2B
Income tax	CN¥1.28B	-CN¥96M	CN¥883M	CN¥1.13B	CN¥814M	CN¥1.62B	CN¥1.18B	CN¥881M	-CN¥1.83B	CN¥1.03B	CN¥528M	CN¥997M
Net income	CN¥6.68B	CN¥2.6B	CN¥5.45B	CN¥5.49B	CN¥7.63B	CN¥5.19B	CN¥7.72B	CN¥7.32B	-CN¥11.2B	CN¥1.78B	CN¥3.45B	CN¥2.31B
EPS (basic)	CN¥18.96	CN¥5.36	CN¥15.52	CN¥15.68	CN¥21.84	CN¥13.28	CN¥22.48	CN¥21.52	-CN¥33.12	CN¥2.48	CN¥10.08	CN¥6.80
EPS (diluted)	CN¥18.80	CN¥5.20	CN¥14.88	CN¥15.04	CN¥21.60	CN¥13.20	CN¥21.60	CN¥20.32	-CN¥33.84	CN¥2.48	CN¥9.92	CN¥5.76
Shares (basic, weighted)	352M	352M	351M	350M	350M	347M	344M	340M	339M	345M	340M	340M
Shares (diluted, weighted)	356M	354M	352M	351M	351M	348M	345M	341M	339M	345M	346M	344M
Depreciation & amortization	CN¥1.97B	CN¥9.64B	CN¥1.62B	CN¥1.69B	CN¥1.76B	CN¥9.66B	CN¥1.95B	CN¥2.13B	CN¥2.29B	CN¥1.76B	CN¥2.2B	CN¥2.42B
EBITDA	CN¥11B	CN¥13.3B	CN¥9.11B	CN¥9.15B	CN¥11B	CN¥16.9B	CN¥11.7B	CN¥11B	-CN¥10.2B	CN¥5.14B	CN¥6.65B	CN¥5.44B

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥70.5B	CN¥84.8B	CN¥102B	CN¥107B	CN¥107B	CN¥124B	CN¥124B	CN¥135B	CN¥133B	CN¥129B
Cost of revenue	CN¥35.3B	CN¥43.1B	CN¥51.7B	CN¥62.9B	CN¥55.2B	CN¥64.3B	CN¥63.9B	CN¥65B	CN¥66.1B	CN¥72.4B
Gross profit	CN¥35.3B	CN¥41.7B	CN¥50.5B	CN¥44.6B	CN¥51.9B	CN¥60.2B	CN¥59.7B	CN¥69.6B	CN¥67B	CN¥56.6B
Research & development	CN¥10.2B	CN¥12.9B	CN¥15.8B	CN¥18.3B	CN¥19.5B	CN¥24.9B	CN¥23.3B	CN¥24.2B	CN¥22.1B	CN¥20.4B
Sales & marketing	CN¥12.4B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
General & administrative	CN¥2.66B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Operating expenses	CN¥25.2B	CN¥26.1B	CN¥35B	CN¥38.3B	CN¥37.6B	CN¥49.7B	CN¥43.8B	CN¥47.7B	CN¥45.8B	CN¥46.3B
Operating income	CN¥10B	CN¥15.7B	CN¥15.5B	CN¥6.31B	CN¥14.3B	CN¥10.5B	CN¥15.9B	CN¥21.9B	CN¥21.3B	CN¥10.4B
Interest income	CN¥2.34B	CN¥3.15B	CN¥4.45B	CN¥6.06B	CN¥5.36B	CN¥5.55B	CN¥6.25B	CN¥8.01B	CN¥7.96B	CN¥8.6B
Interest expense	CN¥1.16B	CN¥1.62B	CN¥1.88B	CN¥2.96B	CN¥3.1B	CN¥3.42B	CN¥2.91B	CN¥3.25B	CN¥2.82B	CN¥2.78B
Other non-operating income (gains on investments, FX ...)	-CN¥5.62B	-CN¥7.21B	-CN¥13.7B	CN¥3.69B	-CN¥11.9B	-CN¥3.68B	CN¥2.89B	-CN¥6.59B	-CN¥10.2B	CN¥867M
Total non-operating income	CN¥4.46B	CN¥5.59B	CN¥11.8B	-CN¥6.65B	CN¥8.75B	CN¥260M	-CN¥5.8B	CN¥3.34B	CN¥7.35B	-CN¥3.65B
Income before tax	CN¥14.5B	CN¥21.3B	CN¥27.3B	-CN¥340M	CN¥23.1B	CN¥10.8B	CN¥10.1B	CN¥25.2B	CN¥28.6B	CN¥6.72B
Income tax	CN¥2.91B	CN¥3B	CN¥4.74B	CN¥1.95B	CN¥4.06B	CN¥3.19B	CN¥2.58B	CN¥3.65B	CN¥4.45B	CN¥1.26B
Net income	CN¥11.6B	CN¥18.3B	CN¥27.6B	CN¥2.06B	CN¥22.5B	CN¥10.2B	CN¥7.56B	CN¥20.3B	CN¥23.8B	CN¥5.59B
EPS (basic)	CN¥33.52	CN¥52.72	CN¥79.04	CN¥6.48	CN¥65.84	CN¥28.64	CN¥20.00	CN¥55.84	CN¥66.48	CN¥11.76
EPS (diluted)	CN¥33.44	CN¥52.32	CN¥78.96	CN¥6.40	CN¥65.20	CN¥28.08	CN¥19.84	CN¥55.12	CN¥65.92	CN¥11.76
Shares (basic, weighted)	347M	347M	349M	348M	342M	345M	348M	351M	349M	343M
Shares (diluted, weighted)	348M	350M	349M	349M	345M	352M	351M	355M	350M	343M
Depreciation & amortization	CN¥8.33B	CN¥11.7B	CN¥16.2B	CN¥22.1B	CN¥22.7B	CN¥22.6B	CN¥20.1B	CN¥21.5B	CN¥20.5B	CN¥21.4B
EBITDA	CN¥24B	CN¥34.6B	CN¥45.4B	CN¥24.8B	CN¥48.9B	CN¥36.8B	CN¥33.1B	CN¥49.9B	CN¥52B	CN¥30.9B

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.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen 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.