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Side-by-side financial comparison of Baidu, Inc. (BIDU) and PayPal (PYPL). Click either name above to swap in a different company.
PayPal is the larger business by last-quarter revenue ($8.7B vs $5.0B, roughly 1.7× Baidu, Inc.). PayPal runs the higher net margin — 16.6% vs 6.0%, a 10.6% gap on every dollar of revenue. On growth, Baidu, Inc. posted the faster year-over-year revenue change (14.0% vs 3.7%). Over the past eight quarters, Baidu, Inc.'s revenue compounded faster (7.5% CAGR vs 6.2%).
Baidu, Inc. is a Chinese multinational technology company specializing in Internet services and artificial intelligence. It holds a dominant position in China's search engine market, and provides a wide variety of other internet services such as Baidu App, Baidu Baike, iQIYI, and Baidu Tieba.
PayPalPYPLEarnings & Financial Report
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and company users.
BIDU vs PYPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.0B | $8.7B |
| Net Profit | $300.0M | $1.4B |
| Gross Margin | 41.0% | — |
| Operating Margin | 4.1% | 17.4% |
| Net Margin | 6.0% | 16.6% |
| Revenue YoY | 14.0% | 3.7% |
| Net Profit YoY | -47.1% | 28.2% |
| EPS (diluted) | $0.53 | $1.53 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.0B | $8.7B | ||
| Q3 25 | $4.4B | $8.4B | ||
| Q2 25 | $4.6B | $8.3B | ||
| Q1 25 | $4.5B | $7.8B | ||
| Q4 24 | $4.4B | $8.4B | ||
| Q3 24 | $4.8B | $7.8B | ||
| Q2 24 | $4.7B | $7.9B | ||
| Q1 24 | $4.4B | $7.7B |
| Q4 25 | $300.0M | $1.4B | ||
| Q3 25 | $-1.6B | $1.2B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $567.0M | $1.1B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $768.0M | $1.1B | ||
| Q1 24 | $811.0M | $888.0M |
| Q4 25 | 41.0% | — | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 43.9% | — | ||
| Q1 25 | 46.1% | — | ||
| Q4 24 | 49.9% | — | ||
| Q3 24 | 51.1% | — | ||
| Q2 24 | 51.7% | — | ||
| Q1 24 | 51.5% | — |
| Q4 25 | 4.1% | 17.4% | ||
| Q3 25 | -48.4% | 18.1% | ||
| Q2 25 | 10.0% | 18.1% | ||
| Q1 25 | 13.9% | 19.6% | ||
| Q4 24 | 11.1% | 17.2% | ||
| Q3 24 | 17.6% | 17.7% | ||
| Q2 24 | 17.5% | 16.8% | ||
| Q1 24 | 17.4% | 15.2% |
| Q4 25 | 6.0% | 16.6% | ||
| Q3 25 | -36.3% | 14.8% | ||
| Q2 25 | 22.2% | 15.2% | ||
| Q1 25 | 24.1% | 16.5% | ||
| Q4 24 | 12.8% | 13.4% | ||
| Q3 24 | 23.2% | 12.9% | ||
| Q2 24 | 16.4% | 14.3% | ||
| Q1 24 | 18.6% | 11.5% |
| Q4 25 | $0.53 | $1.53 | ||
| Q3 25 | $-4.76 | $1.30 | ||
| Q2 25 | $2.84 | $1.29 | ||
| Q1 25 | $2.98 | $1.29 | ||
| Q4 24 | $1.95 | $1.09 | ||
| Q3 24 | $3.08 | $0.99 | ||
| Q2 24 | — | $1.08 | ||
| Q1 24 | $2.07 | $0.83 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.5B | $10.4B |
| Total DebtLower is stronger | $5.9B | — |
| Stockholders' EquityBook value | $38.1B | $20.3B |
| Total Assets | $64.2B | $80.2B |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.5B | $10.4B | ||
| Q3 25 | $17.5B | $10.8B | ||
| Q2 25 | $17.3B | $10.0B | ||
| Q1 25 | $19.5B | $11.2B | ||
| Q4 24 | $17.5B | $10.8B | ||
| Q3 24 | $18.9B | $11.9B | ||
| Q2 24 | — | $13.6B | ||
| Q1 24 | — | $14.3B |
| Q4 25 | $5.9B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $38.1B | $20.3B | ||
| Q3 25 | $38.6B | $20.2B | ||
| Q2 25 | $39.8B | $20.2B | ||
| Q1 25 | $38.6B | $20.3B | ||
| Q4 24 | $36.1B | $20.4B | ||
| Q3 24 | $38.5B | $20.2B | ||
| Q2 24 | — | $20.6B | ||
| Q1 24 | — | $20.7B |
| Q4 25 | $64.2B | $80.2B | ||
| Q3 25 | $62.4B | $79.8B | ||
| Q2 25 | $62.9B | $79.8B | ||
| Q1 25 | $62.6B | $81.3B | ||
| Q4 24 | $58.6B | $81.6B | ||
| Q3 24 | $59.5B | $83.5B | ||
| Q2 24 | — | $84.0B | ||
| Q1 24 | — | $83.3B |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $2.4B |
| Free Cash FlowOCF − Capex | — | $2.2B |
| FCF MarginFCF / Revenue | — | 25.2% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 5.08× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $5.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $-6.3B | $898.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $4.0B | $2.4B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $5.3B | $1.5B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $692.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | — | 25.2% | ||
| Q3 25 | — | 20.4% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 26.2% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 17.3% | ||
| Q1 24 | — | 22.9% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | 5.08× | 1.66× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | -6.26× | 0.71× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | 7.12× | 2.14× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | 6.88× | 1.35× | ||
| Q1 24 | — | 2.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIDU
| Legacy Business | $1.8B | 35% |
| Baidu Core AI-powered Business | $1.6B | 32% |
| Other | $1.3B | 26% |
| Others | $357.5M | 7% |
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
