Baidu, Inc. (BIDU) quarterly income statement — complete revenue, gross profit & net income history
Baidu, Inc. (BIDU) annual income statement — 23-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 31.24B | 32.08B | 32.74B | 31.17B | 32.71B | 32.45B | 34.12B | 33.56B | 33.93B | 31.51B | 34.95B | 34.45B | 34.06B | 31.14B | 33.08B | 32.54B | 29.65B | 28.41B | 33.09B | 31.92B |
| Revenue Growth % | -4.51% | -1.16% | -4.06% | -7.1% | -3.59% | 2.98% | -2.37% | -2.58% | -0.37% | 1.18% | 5.67% | 5.86% | 14.87% | 9.62% | -0.03% | 1.94% | -5.43% | 0.98% | 9.33% | 13.07% |
| Cost of Goods Sold | 19.04B | 19.59B | 18.28B | 18.32B | 18.36B | 17.49B | 18.01B | 16.4B | 16.4B | 15.29B | 17.42B | 16.29B | 16.17B | 15.15B | 16.95B | 16.27B | 15.17B | 15.55B | 17.29B | 16.13B |
| COGS % of Revenue | 60.97% | 61.07% | 55.82% | 58.75% | 56.12% | 53.89% | 52.79% | 48.87% | 48.33% | 48.52% | 49.84% | 47.3% | 47.47% | 48.65% | 51.23% | 50.01% | 51.17% | 54.72% | 52.25% | 50.52% |
| Gross Profit | 12.19B | 12.49B | 14.46B | 12.86B | 14.36B | 14.96B | 16.11B | 17.16B | 17.53B | 16.22B | 17.53B | 18.15B | 17.89B | 15.99B | 16.13B | 16.27B | 14.48B | 12.87B | 15.8B | 15.79B |
| Gross Margin % | 39.03% | 38.93% | 44.18% | 41.25% | 43.88% | 46.11% | 47.21% | 51.13% | 51.67% | 51.48% | 50.16% | 52.7% | 52.53% | 51.35% | 48.77% | 49.99% | 48.83% | 45.28% | 47.75% | 49.48% |
| Gross Profit Growth % | -15.07% | -16.57% | -10.22% | -25.06% | -18.12% | -7.75% | -8.12% | -5.48% | -1.99% | 1.44% | 8.68% | 11.59% | 23.58% | 24.31% | 2.11% | 2.99% | -6.32% | -2.03% | 0.37% | 2.45% |
| Operating Expenses | 9.18B | 9.29B | 12.98B | 11.76B | 11.08B | 10.46B | 12.19B | 11.23B | 11.59B | 10.74B | 12.14B | 11.88B | 12.68B | 11.01B | 11.54B | 10.95B | 11.08B | 10.26B | 13.84B | 13.49B |
| OpEx % of Revenue | 29.38% | 28.97% | 39.65% | 37.72% | 33.87% | 32.22% | 35.73% | 33.47% | 34.15% | 34.07% | 34.74% | 34.48% | 37.23% | 35.36% | 34.89% | 33.65% | 37.36% | 36.13% | 41.83% | 42.25% |
| Selling, General & Admin | 4.58B | 4.91B | 7.39B | 6.58B | 5.96B | 5.91B | 6.68B | 5.87B | 5.7B | 5.38B | 5.85B | 5.78B | 6.3B | 5.59B | 5.88B | 5.19B | 4.78B | 4.66B | 6.45B | 7.32B |
| SG&A % of Revenue | 14.67% | 15.31% | 22.57% | 21.11% | 18.22% | 18.22% | 19.57% | 17.48% | 16.8% | 17.06% | 16.75% | 16.77% | 18.49% | 17.95% | 17.78% | 15.96% | 16.14% | 16.39% | 19.5% | 22.93% |
| Research & Development | 4.59B | 4.38B | 5.59B | 5.18B | 5.12B | 4.54B | 5.51B | 5.37B | 5.89B | 5.36B | 6.29B | 6.1B | 6.38B | 5.42B | 5.66B | 5.76B | 6.29B | 5.61B | 7.39B | 6.17B |
| R&D % of Revenue | 14.71% | 13.66% | 17.08% | 16.61% | 15.65% | 14% | 16.16% | 15.99% | 17.36% | 17.02% | 17.99% | 17.71% | 18.74% | 17.41% | 17.11% | 17.69% | 21.22% | 19.74% | 22.33% | 19.32% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 3.02B | 3.19B | 1.48B | 1.1B | 3.28B | 4.51B | 3.92B | 5.92B | 5.94B | 5.48B | 5.39B | 6.27B | 5.21B | 4.98B | 4.59B | 5.32B | 3.4B | 2.6B | 1.96B | 2.31B |
| Operating Margin % | 9.65% | 9.95% | 4.53% | 3.53% | 10.02% | 13.89% | 11.48% | 17.66% | 17.52% | 17.4% | 15.43% | 18.21% | 15.3% | 15.99% | 13.89% | 16.34% | 11.47% | 9.15% | 5.92% | 7.23% |
| Operating Income Growth % | -7.98% | -29.17% | -62.14% | -81.45% | -44.87% | -17.8% | -27.36% | -5.56% | 14.09% | 10.12% | 17.4% | 18% | 53.24% | 91.46% | 134.58% | 130.37% | -1.82% | -6.74% | -60.66% | -62.51% |
| EBITDA | 5.44B | 3.2B | 9.4B | 3.38B | 5.41B | 6.46B | 5.87B | 7.69B | 7.63B | 7.1B | 7.42B | 8.23B | 7.07B | 8.66B | 6.39B | 9.35B | 7.43B | 6.63B | 3.29B | 6.76B |
| EBITDA Margin % | 17.4% | 9.98% | 28.71% | 10.86% | 16.54% | 19.9% | 17.2% | 22.9% | 22.5% | 22.53% | 21.23% | 23.88% | 20.77% | 27.81% | 19.32% | 28.73% | 25.07% | 23.35% | 9.94% | 21.19% |
| EBITDA Growth % | 0.44% | -50.45% | 60.15% | -55.96% | -29.13% | -9.06% | -20.89% | -6.58% | 7.95% | -18.01% | 16.1% | -12% | -4.83% | 30.58% | 94.34% | 38.2% | -6.12% | -8.46% | -65.15% | -52.51% |
| D&A (Non-Cash Add-back) | 2.42B | 7.08M | 7.92B | 2.29B | 2.13B | 1.95B | 1.95B | 1.76B | 1.69B | 1.62B | 2.03B | 1.95B | 1.86B | 3.68B | 1.8B | 4.03B | 4.03B | 4.03B | 1.33B | 4.46B |
| EBIT | 3.02B | 4.46B | 3.38B | -12.51B | 8.84B | 9.8B | 7.22B | 9.27B | 7.46B | 7.5B | 3.64B | 9.03B | 7.4B | 8.38B | 7.11B | 1.27B | 4.29B | 350M | 3.24B | -18.31B |
| Net Interest Income | 1.07B | 1.33B | 1.4B | 1.3B | 1.26B | 1.86B | 1.36B | 1.2B | 1.25B | 1.32B | 1.29B | 1.23B | 1.13B | 1.11B | 909M | 895M | 784M | 744M | 641M | 582M |
| Interest Income | 1.68B | 1.96B | 2.05B | 1.93B | 1.96B | 2.66B | 2B | 1.88B | 1.99B | 2.09B | 2.06B | 2.08B | 1.95B | 1.92B | 1.65B | 1.62B | 1.52B | 1.45B | 1.51B | 1.46B |
| Interest Expense | 606.28M | 636M | 651M | 631M | 701M | 801M | 643M | 673M | 742M | 766M | 774M | 853M | 817M | 804M | 738M | 724M | 741M | 710M | 873M | 880M |
| Other Income/Expense | 183.48M | 626M | 1.24B | -14.24B | 4.86B | 4.49B | 2.66B | 2.67B | 771M | 1.25B | -2.53B | 1.91B | 1.37B | 2.6B | 1.78B | -4.77B | 151M | -2.96B | 407M | -21.49B |
| Pretax Income | 3.2B | 3.82B | 2.73B | -13.14B | 8.14B | 8.99B | 6.58B | 8.6B | 6.71B | 6.73B | 2.87B | 8.18B | 6.58B | 7.58B | 6.37B | 547M | 3.55B | -360M | 2.37B | -19.19B |
| Pretax Margin % | 10.24% | 11.91% | 8.33% | -42.17% | 24.88% | 27.72% | 19.27% | 25.63% | 19.79% | 21.36% | 8.2% | 23.74% | 19.32% | 24.32% | 19.27% | 1.68% | 11.98% | -1.27% | 7.15% | -60.1% |
| Income Tax | 997.18M | 528M | 1.03B | -1.83B | 881M | 1.18B | 1.62B | 814M | 1.13B | 883M | -96M | 1.28B | 1.27B | 1.19B | 1.25B | 908M | 25M | 391M | 1.29B | -1.84B |
| Effective Tax Rate % | 31.17% | 13.83% | 37.75% | 13.91% | 10.82% | 13.09% | 24.62% | 9.47% | 16.84% | 13.12% | -3.35% | 15.67% | 19.3% | 15.75% | 19.67% | 166% | 0.7% | -108.61% | 54.76% | 9.59% |
| Net Income | 2.31B | 3.44B | 1.78B | -11.23B | 7.32B | 7.72B | 5.19B | 7.63B | 5.49B | 5.45B | 2.6B | 6.68B | 5.21B | 5.83B | 4.95B | -146M | 3.64B | -885M | 1.72B | -16.56B |
| Net Margin % | 7.4% | 10.74% | 5.44% | -36.03% | 22.38% | 23.78% | 15.22% | 22.74% | 16.17% | 17.29% | 7.44% | 19.39% | 15.3% | 18.7% | 14.97% | -0.45% | 12.27% | -3.12% | 5.18% | -51.87% |
| Net Income Growth % | -68.42% | -55.36% | -65.68% | -247.17% | 33.42% | 41.65% | 99.77% | 14.23% | 5.34% | -6.47% | -47.53% | 4676.03% | 43.25% | 758.19% | 188.8% | 99.12% | 723.84% | -103.45% | -66.85% | -221.06% |
| Net Income (Continuing) | 2.2B | 3.29B | 1.7B | -11.32B | 7.26B | 7.82B | 4.96B | 7.79B | 5.58B | 5.85B | 2.96B | 6.9B | 5.31B | 6.38B | 5.12B | -361M | 3.53B | -751M | 1.07B | -17.35B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 23.35B | 3.4B | 23.4B | 23.07B | 22.86B | 20.33B | 19.99B | 19.54B | 20.17B | 19.76B | 18.98B | 18.28B | 17.81B | 17.48B | 14.33B | 13.56B | 13.62B | 13.06B | 12.49B | 13.18B |
| EPS (Diluted) | 5.76 | 9.92 | 2.48 | -33.84 | 20.32 | 21.60 | 13.20 | 21.60 | 15.04 | 14.88 | 5.20 | 18.80 | 14.72 | 16.40 | 14.16 | -0.48 | 10.32 | -3.15 | 5.92 | -47.68 |
| EPS Growth % | -71.65% | -54.07% | -81.21% | -256.67% | 35.11% | 45.16% | 153.85% | 14.89% | 2.17% | -9.27% | -63.28% | 4016.67% | 42.64% | 620.63% | 139.19% | 98.99% | 714.29% | -104.26% | -60.85% | -219.68% |
| EPS (Basic) | 6.80 | 10.08 | 2.40 | -33.12 | 21.52 | 22.48 | 13.28 | 21.84 | 15.68 | 15.52 | 5.36 | 18.96 | 14.88 | 16.64 | 14.24 | -0.48 | 10.48 | -3.15 | 6.00 | -47.68 |
| Diluted Shares Outstanding | 344.38M | 345.5M | 344.75M | 339.13M | 341.25M | 345.25M | 347.88M | 351.25M | 351.25M | 352M | 353.75M | 355.75M | 354.25M | 354.63M | 350.13M | 348.75M | 351.38M | 345.88M | 352M | 347.25M |
| Basic Shares Outstanding | 339.5M | 340.13M | 484.24M | 339.13M | 340M | 343.88M | 346.88M | 350M | 350M | 350.5M | 351.5M | 351.75M | 350.5M | 349.75M | 348.63M | 348.75M | 347.5M | 345.88M | 347.5M | 347.25M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |