Financials in USD. Standardized financial statements.
A compact view of how Baidu, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $129.08B | $133.13B | $134.60B | $123.67B | $124.49B | $107.07B | $107.41B | $102.28B | $84.81B | $70.55B |
| Revenue Growth? | -3.0% | -1.1% | +8.8% | -0.7% | +16.3% | -0.3% | +5.0% | +20.6% | +20.2% | 0.0% |
| Cost of Revenue? | $72.44B | $66.10B | $65.03B | $63.94B | $64.31B | $55.16B | $62.85B | $51.74B | $43.06B | $35.28B |
| Gross Profit? | $56.64B | $67.02B | $69.57B | $59.74B | $60.18B | $51.92B | $44.56B | $50.53B | $41.75B | $35.27B |
| Gross Margin? | +43.9% | +50.3% | +51.7% | +48.3% | +48.3% | +48.5% | +41.5% | +49.4% | +49.2% | +50.0% |
| Operating Expenses? | $62.47B | $45.75B | $47.71B | $43.83B | $49.66B | $37.58B | $38.26B | $35.00B | $26.06B | $25.22B |
| Operating Income? | -$5.82B | $21.27B | $21.86B | $15.91B | $10.52B | $14.34B | $6.31B | $15.53B | $15.69B | $10.05B |
| EBITDA? | $24.30B | $46.07B | $43.35B | $27.75B | $30.64B | $44.37B | $21.78B | $45.58B | $34.65B | $23.99B |
| Income Before Tax | $6.72B | $28.62B | $25.20B | $10.11B | $10.78B | $23.09B | -$340.00M | $27.32B | $21.28B | $14.51B |
| Income Tax Expense | $1.26B | $4.45B | $3.65B | $2.58B | $3.19B | $4.06B | $1.95B | $4.74B | $3.00B | $2.91B |
| Net Income? | $5.59B | $23.76B | $20.32B | $7.56B | $10.23B | $22.47B | $2.06B | $27.57B | $18.30B | $11.63B |
| EPS? | $13.28 | $66.48 | $55.84 | $20.00 | $28.64 | $65.84 | $6.48 | $79.04 | $52.72 | $33.52 |
| Diluted EPS? | $11.76 | $65.92 | $55.12 | $19.84 | $28.08 | $65.20 | $6.40 | $78.96 | $52.32 | $33.44 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality