What is BIDU revenue?

Baidu Inc. ADS (BIDU) reported CN¥129.08B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 3.0% from the year before.

Yes. Baidu Inc. ADS earned CN¥5.59B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 4.3%.

How much cash and debt does BIDU have?

Baidu Inc. ADS reported CN¥24.61B in cash and cash equivalents and CN¥41.31B of debt on its most recent balance sheet in SEC filings.

How fast is BIDU revenue growing?

Baidu Inc. ADS's revenue changed -3.0% in fiscal 2025, to CN¥129.08B. Its compound annual growth rate was +3.8% over 5 years and +6.9% over 10 years.

What is BIDU gross margin?

Baidu Inc. ADS's gross profit was CN¥56.64B on CN¥129.08B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 43.9%.

What is BIDU free cash flow?

Baidu Inc. ADS generated -CN¥15.09B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -CN¥3.01B less capital expenditures.

When did BIDU last report financial results?

The latest statements here come from Baidu Inc. ADS's 20-F filed on Mar 17, 2026, covering the period ended Dec 31, 2025.

Where does this BIDU financial data come from?

Quantisnow builds these statements from the structured XBRL data Baidu Inc. ADS files with the SEC. It is provided for information only and is not investment advice.

Financials · BIDU

Baidu Inc. ADS (BIDU) financials

For fiscal 2025 (ended Dec 31, 2025), Baidu Inc. ADS reported CN¥129.08B of revenue and CN¥5.59B of net income. Figures are in CNY, the currency of its SEC filings.

Revenue, FY2025: CN¥129.08B
Revenue growth, YoY: -3.0%
Net income, FY2025: CN¥5.59B
Net income growth, YoY: -76.5%
Net margin: 4.3%
Free cash flow, FY2025: -CN¥15.09B
Cash: CN¥24.61B
Total debt: CN¥41.31B

Annual revenueCN¥129.08B

FY2016FY2025

Annual net incomeCN¥5.59B

FY2016FY2025

Annual free cash flow-CN¥15.09B

FY2016FY2025

BIDU revenue and earnings growth

BIDU revenueFY2025CN¥129.08B

FY YoY: -3.0%
5Y CAGR: +3.8%
10Y CAGR: +6.9%

BIDU revenue was CN¥129.08B for fiscal 2025 (ended Dec 31, 2025), down 3.0% from fiscal 2024. Compound annual growth was +3.8% over 5 years and +6.9% over 10 years. It rose in 6 of the last 10 fiscal years.

BIDU net incomeFY2025CN¥5.59B

FY YoY: -76.5%
5Y CAGR: -24.3%
10Y CAGR: -16.4%

BIDU net income was CN¥5.59B for fiscal 2025 (ended Dec 31, 2025), down 76.5% from fiscal 2024. Compound annual growth was -24.3% over 5 years and -16.4% over 10 years. It rose in 5 of the last 10 fiscal years.

BIDU free cash flowFY2025-CN¥15.09B

BIDU free cash flow was -CN¥15.09B for fiscal 2025 (ended Dec 31, 2025), compared with CN¥13.10B in fiscal 2024.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	CN¥129.08B	CN¥133.13B	CN¥134.60B	CN¥123.67B	CN¥124.49B	CN¥107.07B	CN¥107.41B	CN¥102.28B	CN¥84.81B	CN¥70.55B
Cost of revenue	CN¥72.44B	CN¥66.10B	CN¥65.03B	CN¥63.94B	CN¥64.31B	CN¥55.16B	CN¥62.85B	CN¥51.74B	CN¥43.06B	CN¥35.28B
Gross profit	CN¥56.64B	CN¥67.02B	CN¥69.57B	CN¥59.74B	CN¥60.18B	CN¥51.92B	CN¥44.56B	CN¥50.53B	CN¥41.75B	CN¥35.27B
Research and development	CN¥20.43B	CN¥22.13B	CN¥24.19B	CN¥23.32B	CN¥24.94B	CN¥19.51B	CN¥18.35B	CN¥15.77B	CN¥12.93B	CN¥10.15B
Selling, general and admin	CN¥25.84B	CN¥23.62B	CN¥23.52B	CN¥20.51B	CN¥24.72B	CN¥18.06B	CN¥19.91B	CN¥19.23B	CN¥13.13B	CN¥15.07B
Operating income	-CN¥5.82B	CN¥21.27B	CN¥21.86B	CN¥15.91B	CN¥10.52B	CN¥14.34B	CN¥6.31B	CN¥15.53B	CN¥15.69B	CN¥10.05B
Pre-tax income	CN¥6.72B	CN¥28.62B	CN¥25.20B	CN¥10.11B	CN¥10.78B	CN¥23.09B	-CN¥340.00M	CN¥27.32B	CN¥21.28B	CN¥14.51B
Income tax	CN¥1.26B	CN¥4.45B	CN¥3.65B	CN¥2.58B	CN¥3.19B	CN¥4.06B	CN¥1.95B	CN¥4.74B	CN¥3.00B	CN¥2.91B
Net income	CN¥5.59B	CN¥23.76B	CN¥20.32B	CN¥7.56B	CN¥10.23B	CN¥22.47B	CN¥2.06B	CN¥27.57B	CN¥18.30B	CN¥11.63B

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	CN¥24.61B	CN¥24.83B	CN¥25.23B	CN¥65.24B	CN¥47.67B	CN¥36.54B	CN¥34.44B	CN¥29.83B	CN¥11.34B	CN¥11.22B
Short-term investments	CN¥90.66B	CN¥102.61B	CN¥168.67B	CN¥120.84B	CN¥143.24B	CN¥126.40B	CN¥112.92B	CN¥111.63B	CN¥89.38B	CN¥71.20B
Receivables	CN¥12.97B	CN¥10.10B	CN¥10.85B	CN¥11.73B	CN¥9.98B	CN¥8.67B	CN¥7.42B	CN¥6.01B	CN¥4.57B	CN¥4.11B
Current assets	CN¥151.97B	CN¥168.85B	CN¥230.25B	CN¥212.85B	CN¥213.31B	CN¥183.34B	CN¥165.56B	CN¥155.09B	CN¥151.17B	CN¥99.76B
Goodwill	CN¥36.78B	CN¥22.59B	CN¥22.59B	CN¥22.48B	CN¥22.61B	CN¥22.25B	CN¥18.25B	CN¥18.54B	CN¥15.81B	CN¥15.34B
Total assets	CN¥449.16B	CN¥427.78B	CN¥406.76B	CN¥390.97B	CN¥380.03B	CN¥332.71B	CN¥301.32B	CN¥297.57B	CN¥251.73B	CN¥182.00B
Current liabilities	CN¥86.33B	CN¥80.95B	CN¥76.45B	CN¥79.63B	CN¥74.49B	CN¥68.39B	CN¥57.38B	CN¥56.85B	CN¥82.06B	CN¥46.10B
Short-term debt	CN¥1.46B	CN¥225.00M	CN¥2.73B	CN¥6.76B	CN¥4.17B	CN¥3.02B	CN¥2.62B	CN¥3.05B	CN¥1.24B	CN¥1.11B
Total debt	CN¥41.31B	CN¥36.02B	CN¥41.02B	CN¥46.80B	CN¥53.63B	CN¥48.41B	CN¥43.31B	CN¥49.61B	CN¥35.61B	CN¥32.85B
Total liabilities	CN¥159.43B	CN¥144.17B	CN¥144.15B	CN¥153.17B	CN¥156.08B	CN¥140.87B	CN¥128.50B	CN¥121.81B	CN¥121.36B	CN¥84.25B
Shareholders' equity	CN¥266.33B	CN¥263.62B	CN¥253.14B	CN¥229.41B	CN¥216.80B	CN¥188.74B	CN¥171.71B	CN¥175.04B	CN¥119.35B	CN¥92.25B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	-CN¥3.01B	CN¥21.23B	CN¥36.62B	CN¥26.17B	CN¥20.12B	CN¥24.20B	CN¥28.46B	CN¥35.97B	CN¥32.83B	CN¥22.48B
Capital expenditures	CN¥12.07B	CN¥8.13B	CN¥11.19B	CN¥8.29B	CN¥10.90B	CN¥5.08B	CN¥6.43B	CN¥8.77B	CN¥4.78B	CN¥4.19B
Free cash flow	-CN¥15.09B	CN¥13.10B	CN¥25.43B	CN¥17.88B	CN¥9.23B	CN¥19.12B	CN¥22.03B	CN¥27.20B	CN¥28.05B	CN¥18.29B
Investing cash flow	-CN¥25.14B	-CN¥8.55B	-CN¥50.40B	-CN¥3.94B	-CN¥31.44B	-CN¥27.55B	-CN¥19.97B	-CN¥34.46B	-CN¥76.95B	-CN¥35.91B
Financing cash flow	CN¥17.14B	-CN¥13.76B	-CN¥14.16B	-CN¥6.39B	CN¥23.40B	CN¥5.67B	-CN¥3.87B	CN¥15.08B	CN¥44.56B	CN¥14.45B
Share repurchases	CN¥5.54B	CN¥6.32B	CN¥4.76B	CN¥1.93B	CN¥7.58B	CN¥13.05B	CN¥4.96B	CN¥3.31B	CN¥1.72B	CN¥0
Stock-based compensation	CN¥3.60B	CN¥4.78B	CN¥6.34B	CN¥6.79B	CN¥7.06B	CN¥6.73B	CN¥5.63B	CN¥4.68B	CN¥3.24B	CN¥1.76B
Depreciation and amortization	CN¥7.40B	CN¥6.60B	CN¥7.10B	CN¥6.20B	CN¥5.70B	CN¥5.70B	CN¥5.60B	CN¥3.70B	-	-

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	-3.0%	-1.1%	8.8%	-0.7%	16.3%	-0.3%	5.0%	20.6%	20.2%	6.3%
Net income growth, YoY	-76.5%	17.0%	168.8%	-26.1%	-54.5%	992.5%	-92.5%	50.7%	57.3%	-65.4%
Gross margin	43.9%	50.3%	51.7%	48.3%	48.3%	48.5%	41.5%	49.4%	49.2%	50.0%
Operating margin	-4.5%	16.0%	16.2%	12.9%	8.4%	13.4%	5.9%	15.2%	18.5%	14.2%
Net margin	4.3%	17.8%	15.1%	6.1%	8.2%	21.0%	1.9%	27.0%	21.6%	16.5%
Free cash flow margin	-11.7%	9.8%	18.9%	14.5%	7.4%	17.9%	20.5%	26.6%	33.1%	25.9%
Return on equity	2.1%	9.0%	8.0%	3.3%	4.7%	11.9%	1.2%	15.8%	15.3%	12.6%
Return on assets	1.2%	5.6%	5.0%	1.9%	2.7%	6.8%	0.7%	9.3%	7.3%	6.4%
Current ratio	1.76	2.09	3.01	2.67	2.86	2.68	2.89	2.73	1.84	2.16
Debt to equity	0.16	0.14	0.16	0.20	0.25	0.26	0.25	0.28	0.30	0.36

Source: XBRL data Baidu Inc. ADS files with the SEC, latest filing dated Mar 17, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

BIDU peers

Company	Revenue	Growth	Net income	Net margin	Market cap
BIDU	CN¥129.08B	-3.0%	CN¥5.59B	4.3%	$27.85B
GOOGLAlphabet Inc.	$471.10B	+22.2%	$235.69B	50.0%	$3.50T
GOOGAlphabet Inc.	$471.10B	+22.2%	$235.69B	50.0%	$3.49T
METAMeta Platforms Inc.	$241.61B	+27.5%	$75.25B	31.1%	$1.56T
APPApplovin Corporation	$7.61B	+57.8%	$5.01B	65.9%	$129.62B
NBISNebius Group N.V.	$529.80M	+479.0%	$82.50M	15.6%	$35.20B
ZMZoom Communications Inc.	$4.99B	+5.0%	$3.26B	65.2%	$26.23B

BIDU FAQ

8 questions

What is BIDU revenue?
Baidu Inc. ADS (BIDU) reported CN¥129.08B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 3.0% from the year before.
Is BIDU profitable?
Yes. Baidu Inc. ADS earned CN¥5.59B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 4.3%.
How much cash and debt does BIDU have?
Baidu Inc. ADS reported CN¥24.61B in cash and cash equivalents and CN¥41.31B of debt on its most recent balance sheet in SEC filings.
How fast is BIDU revenue growing?
Baidu Inc. ADS's revenue changed -3.0% in fiscal 2025, to CN¥129.08B. Its compound annual growth rate was +3.8% over 5 years and +6.9% over 10 years.
What is BIDU gross margin?
Baidu Inc. ADS's gross profit was CN¥56.64B on CN¥129.08B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 43.9%.
What is BIDU free cash flow?
Baidu Inc. ADS generated -CN¥15.09B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -CN¥3.01B less capital expenditures.
When did BIDU last report financial results?
The latest statements here come from Baidu Inc. ADS's 20-F filed on Mar 17, 2026, covering the period ended Dec 31, 2025.
Where does this BIDU financial data come from?
Quantisnow builds these statements from the structured XBRL data Baidu Inc. ADS files with the SEC. It is provided for information only and is not investment advice.