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Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

NASDAQ · DATA UPDATED 2026-10-12

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU) operates in the NASDAQ industry and is headquartered in Beijing, China with about 33,500 employees. Its market capitalization is roughly $26 billion. In the fiscal year ended 2025-12-31, BIDU reported CNY 129.1B in revenue and CNY 5.6B in net income.

Baidu, Inc. provides internet content, value-added telecommunication-based, internet map, and online audio and video services in the People's Republic of China. It operates in two segments, Baidu General Business and iQIYI.

Interactive charts & full statements → Open the BIDU valuation workbench →

BIDU Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	CNY 127.2B	CNY 129.1B	CNY 133.1B	CNY 134.6B	CNY 123.7B	CNY 124.5B	CNY 107.1B	CNY 107.4B	CNY 102.3B	CNY 84.8B	CNY 70.5B	CNY 66.4B	CNY 49.1B	CNY 31.9B	CNY 22.3B	CNY 14.5B	CNY 7.9B	CNY 4.4B	CNY 4.4B	CNY 1.7B	CNY 3.2B
Gross Profit	CNY 52.0B	CNY 56.6B	CNY 67.0B	CNY 69.6B	CNY 59.7B	CNY 60.2B	CNY 51.9B	CNY 44.6B	CNY 50.5B	CNY 41.7B	CNY 35.3B	CNY 38.9B	CNY 30.2B	CNY 20.5B	CNY 15.9B	CNY 10.6B	CNY 5.8B	CNY 2.8B	CNY 2.8B	CNY 1.1B	CNY 2.0B
Gross Margin %	40.9%	43.9%	50.3%	51.7%	48.3%	48.3%	48.5%	41.5%	49.4%	49.2%	50.0%	58.6%	61.5%	64.1%	71.1%	73.1%	72.9%	63.7%	63.7%	63.0%	63.9%
Operating Income (EBIT)	CNY 8.8B	CNY 10.4B	CNY 21.3B	CNY 21.9B	CNY 15.9B	CNY 10.5B	CNY 14.3B	CNY 6.3B	CNY 15.5B	CNY 15.7B	CNY 10.0B	CNY 11.7B	CNY 12.8B	CNY 11.2B	CNY 11.1B	CNY 7.6B	CNY 4.0B	CNY 1.6B	CNY 1.6B	CNY 547M	CNY 1.1B
Operating Margin %	6.9%	8.0%	16.0%	16.2%	12.9%	8.5%	13.4%	5.9%	15.2%	18.5%	14.2%	17.6%	26.1%	35.0%	49.5%	52.2%	50.0%	36.1%	36.1%	31.4%	34.3%
Net Income	(CNY 3.7B)	CNY 5.6B	CNY 23.8B	CNY 20.3B	CNY 7.6B	CNY 10.2B	CNY 22.5B	CNY 2.1B	CNY 27.6B	CNY 18.3B	CNY 11.6B	CNY 33.7B	CNY 13.2B	CNY 10.5B	CNY 10.5B	CNY 6.6B	CNY 3.5B	CNY 1.5B	CNY 1.0B	CNY 629M	CNY 1.0B
Net Margin %	-2.9%	4.3%	17.8%	15.1%	6.1%	8.2%	21.0%	1.9%	27.0%	21.6%	16.5%	50.7%	26.9%	32.9%	46.9%	45.8%	44.5%	33.4%	23.6%	36.1%	32.8%
EBITDA	CNY 7.0B	CNY 30.9B	CNY 52.0B	CNY 49.9B	CNY 33.1B	CNY 36.8B	CNY 48.9B	CNY 24.8B	CNY 45.4B	CNY 34.6B	CNY 24.0B	CNY 44.8B	CNY 19.1B	CNY 15.3B	CNY 13.6B	CNY 8.8B	CNY 4.5B	CNY 1.9B	CNY 1.7B	CNY 728M	CNY 1.2B
Earnings Per Share (EPS)	CNY -11.27	CNY 16.29	CNY 67.93	CNY 57.94	CNY 21.53	CNY 29.07	CNY 65.23	CNY 5.90	CNY 78.93	CNY 52.36	CNY 33.47	CNY 96.09	CNY 37.46	CNY 30.02	CNY 29.89	CNY 18.99	CNY 10.10	CNY 4.27	CNY 3.01	CNY 1.81	CNY 3.02
Shares Outstanding (M)	344M	343M	350M	351M	351M	352M	344M	349M	349M	350M	348M	350M	352M	350M	350M	350M	349M	348M	348M	347M	347M

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BIDU Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	CNY 31.2B	CNY 32.1B	CNY 32.7B	CNY 31.2B	CNY 32.7B	CNY 32.5B	CNY 34.1B	CNY 33.6B
Gross Profit	CNY 12.2B	CNY 12.5B	CNY 14.5B	CNY 12.9B	CNY 14.4B	CNY 15.0B	CNY 16.1B	CNY 17.2B
Gross Margin %	39.0%	38.9%	44.2%	41.2%	43.9%	46.1%	47.2%	51.1%
Operating Income (EBIT)	CNY 3.0B	CNY 3.2B	CNY 1.5B	CNY 1.1B	CNY 3.3B	CNY 4.5B	CNY 3.9B	CNY 5.9B
Operating Margin %	9.7%	10.0%	4.5%	3.5%	10.0%	13.9%	11.5%	17.7%
Net Income	CNY 2.3B	CNY 3.4B	CNY 1.8B	(CNY 11.2B)	CNY 7.3B	CNY 7.7B	CNY 5.2B	CNY 7.6B
Net Margin %	7.4%	10.7%	5.4%	-36.0%	22.4%	23.8%	15.2%	22.7%
EBITDA	CNY 5.4B	CNY 6.7B	CNY 5.1B	(CNY 10.2B)	CNY 11.0B	CNY 11.7B	CNY 16.9B	CNY 11.0B
Earnings Per Share (EPS)	CNY 6.71	CNY 9.97	CNY 5.17	CNY -33.12	CNY 21.46	CNY 22.35	CNY 14.92	CNY 21.73
Shares Outstanding (M)	344M	346M	345M	339M	341M	345M	348M	351M

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BIDU Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	CNY 10.0B	(CNY 3.0B)	CNY 21.2B	CNY 36.6B	CNY 26.2B	CNY 20.1B	CNY 24.2B	CNY 28.5B	CNY 36.0B	CNY 32.9B	CNY 22.3B	CNY 19.4B	CNY 17.9B	CNY 13.8B	CNY 12.0B	CNY 8.2B	CNY 4.7B	CNY 1.7B	CNY 441M	CNY 935M	CNY 526M
Capital Expenditures (CapEx)	CNY 23.2B	CNY 13.4B	CNY 8.1B	CNY 11.3B	CNY 8.4B	CNY 10.9B	CNY 5.1B	CNY 6.4B	CNY 22.4B	CNY 14.0B	CNY 10.5B	CNY 7.8B	CNY 6.4B	CNY 3.7B	CNY 2.6B	CNY 2.3B	CNY 976M	CNY 477M	CNY 166M	CNY 582M	CNY 150M
Free Cash Flow (FCF)	(CNY 13.3B)	(CNY 16.4B)	CNY 13.1B	CNY 25.3B	CNY 17.8B	CNY 9.2B	CNY 19.1B	CNY 22.0B	CNY 13.6B	CNY 18.9B	CNY 11.7B	CNY 11.6B	CNY 11.5B	CNY 10.1B	CNY 9.4B	CNY 5.8B	CNY 3.7B	CNY 1.3B	CNY 275M	CNY 353M	CNY 376M
FCF Margin %	-10.4%	-12.7%	9.8%	18.8%	14.4%	7.4%	17.8%	20.5%	13.3%	22.3%	16.7%	17.5%	23.5%	31.7%	42.3%	40.2%	47.0%	28.5%	6.2%	20.2%	11.8%
Dividends Paid	—	—	—	—	—	CNY 24.6B	CNY 22.3B	CNY 11.6B	CNY 42.8B	CNY 35.9B	CNY 0M	CNY 12.9B	CNY 338M	—	—	—	—	—	—	—	—

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BIDU Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	CNY 3.4B	CNY 2.7B	CNY 2.6B	CNY 1.3B	(CNY 877M)	(CNY 6.0B)	CNY 2.4B	CNY 610M
Capital Expenditures (CapEx)	CNY 11.4B	CNY 5.9B	CNY 2.5B	CNY 3.4B	CNY 3.8B	CNY 2.9B	CNY 2.3B	CNY 1.6B
Free Cash Flow (FCF)	(CNY 8.0B)	(CNY 3.2B)	CNY 88M	(CNY 2.1B)	(CNY 4.7B)	(CNY 8.9B)	CNY 23M	(CNY 1.0B)
FCF Margin %	-25.5%	-10.1%	0.3%	-6.9%	-14.3%	-27.4%	0.1%	-3.1%

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BIDU Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	CNY 470.1B	CNY 449.2B	CNY 427.8B	CNY 406.8B	CNY 391.0B	CNY 380.0B	CNY 332.7B	CNY 301.3B	CNY 297.6B	CNY 251.7B	CNY 182.0B	CNY 147.9B	CNY 99.7B	CNY 71.0B	CNY 45.7B	CNY 23.3B	CNY 11.0B	CNY 6.2B	CNY 3.9B	CNY 2.7B	CNY 1.7B
Cash & Cash Equivalents	CNY 24.7B	CNY 24.6B	CNY 24.8B	CNY 25.2B	CNY 53.2B	CNY 36.9B	CNY 35.8B	CNY 33.4B	CNY 27.6B	CNY 11.1B	CNY 10.9B	CNY 10.0B	CNY 13.9B	CNY 9.7B	CNY 11.9B	CNY 4.1B	CNY 7.8B	CNY 4.2B	CNY 2.4B	CNY 1.4B	CNY 1.1B
Total Liabilities	CNY 174.9B	CNY 159.4B	CNY 144.2B	CNY 144.2B	CNY 153.2B	CNY 156.1B	CNY 140.9B	CNY 128.5B	CNY 121.8B	CNY 121.4B	CNY 84.3B	CNY 63.6B	CNY 45.2B	CNY 30.3B	CNY 18.5B	CNY 7.0B	CNY 2.6B	CNY 1.4B	CNY 849M	CNY 635M	CNY 311M
Total Debt (Short + Long-Term)	CNY 107.5B	CNY 93.0B	CNY 90.5B	CNY 79.6B	CNY 86.5B	CNY 85.9B	CNY 77.9B	CNY 69.0B	CNY 64.9B	CNY 43.6B	CNY 44.3B	CNY 35.1B	CNY 6.1B	CNY 3.2B	CNY 3.8B	CNY 579M	CNY 13M	CNY 0M	CNY 0M	CNY 0M	CNY 0M
Total Shareholders' Equity	CNY 271.8B	CNY 266.3B	CNY 283.6B	CNY 262.6B	CNY 237.8B	CNY 224.0B	CNY 191.8B	CNY 172.8B	CNY 175.8B	CNY 130.4B	CNY 97.7B	CNY 84.2B	CNY 54.5B	CNY 40.7B	CNY 27.2B	CNY 16.3B	CNY 8.4B	CNY 4.8B	CNY 3.1B	CNY 2.0B	CNY 1.4B

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BIDU viewer.

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