iQIYI, Inc. (IQ) Revenue History
Annual and quarterly revenue from 2015 to 2024
Compound Annual Growth Rate (CAGR)
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IQ Revenue Growth
Revenue Breakdown (FY 2024)
IQ's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
IQ Revenue Analysis (2015–2024)
As of May 6, 2026, iQIYI, Inc. (IQ) generated trailing twelve-month (TTM) revenue of $27.11 billion, reflecting moderate decline in growth of -7.8% year-over-year. The most recent quarter (Q3 2025) recorded $6.68 billion in revenue, up 0.8% sequentially.
Looking at the longer-term picture, IQ's 5-year compound annual growth rate (CAGR) stands at +0.2%, indicating moderate growth over time. The company achieved its highest annual revenue of $31.87 billion in 2023.
Revenue diversification analysis shows IQ's business is primarily driven by Membership (61%), Advertising (20%), and Service, Other (10%). With over half of revenue concentrated in Membership, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including NFLX (+15.9% YoY), BIDU (-2.6% YoY), and BILI (+22.7% YoY), IQ has underperformed the peer group in terms of revenue growth. Compare IQ vs NFLX →
IQ Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IQCurrent | $27.1B | -7.8% | +0.2% | 6.2% | |
 NFLX | $45.2B | +15.9% | +12.6% | 29.5% | |
 BIDU | $133.1B | -2.6% | +4.4% | 16.0% | |
 BILI | $26.8B | +22.7% | +31.7% | -5.0% | |
 DIS | $94.4B | +3.5% | +7.6% | 14.6% | |
 WBD | $39.3B | -4.3% | +28.7% | -25.5% |
IQ Historical Revenue Data (2015–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $29.23B | -8.3% | $7.27B | 24.9% | $1.81B | 6.2% |
| 2023 | $31.87B | +9.9% | $8.77B | 27.5% | $2.99B | 9.4% |
| 2022 | $29.00B | -5.1% | $6.68B | 23.0% | $1.31B | 4.5% |
| 2021 | $30.55B | +2.9% | $3.04B | 10.0% | $-4,479,207,000 | -14.7% |
| 2020 | $29.71B | +2.5% | $1.82B | 6.1% | $-6,040,509,000 | -20.3% |
| 2019 | $28.99B | +16.0% | $-1,354,684,000 | -4.7% | $-9,257,837,000 | -31.9% |
| 2018 | $24.99B | +43.8% | $-2,143,695,000 | -8.6% | $-8,306,236,000 | -33.2% |
| 2017 | $17.38B | +54.6% | $-8,213,000 | -0.0% | $-3,953,009,000 | -22.7% |
| 2016 | $11.24B | +111.3% | $-199,188,000 | -1.8% | $-2,789,494,000 | -24.8% |
| 2015 | $5.32B | - | $-723,180,000 | -13.6% | $-2,427,601,000 | -45.6% |
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Start ComparisonIQ — Frequently Asked Questions
Quick answers to the most common questions about buying IQ stock.
Is IQ's revenue growth accelerating or slowing?
IQ revenue declined -7.8% year-over-year, contrasting with the 5-year CAGR of +0.2%. TTM revenue fell to $27.1B. This reverses the prior growth trend.
What is IQ's long-term revenue growth rate?
iQIYI, Inc.'s 5-year revenue CAGR of +0.2% reflects the variable expansion pattern. Current YoY growth of -7.8% is below this long-term average.
How is IQ's revenue distributed by segment?
IQ reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2024 are available for download. Segment mix reveals concentration and diversification trends.