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Side-by-side financial comparison of iQIYI, Inc. (IQ) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

WESTERN ALLIANCE BANCORPORATION is the larger business by last-quarter revenue ($1.0B vs $971.6M, roughly 1.0× iQIYI, Inc.).

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

IQ vs WAL — Head-to-Head

Bigger by revenue
WAL
WAL
1.0× larger
WAL
$1.0B
$971.6M
IQ

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IQ
IQ
WAL
WAL
Revenue
$971.6M
$1.0B
Net Profit
$189.2M
Gross Margin
Operating Margin
0.8%
Net Margin
18.6%
Revenue YoY
31.0%
Net Profit YoY
-5.0%
EPS (diluted)
$1.65

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.

Revenue
IQ
IQ
WAL
WAL
Q1 26
$971.6M
$1.0B
Q4 25
$980.9M
Q3 25
$938.2M
Q2 25
$845.9M
Q1 25
$906.0M
$778.0M
Q4 24
$838.4M
Q3 24
$823.1M
Q2 24
$771.8M
Net Profit
IQ
IQ
WAL
WAL
Q1 26
$189.2M
Q4 25
$286.1M
Q3 25
$253.4M
Q2 25
$230.4M
Q1 25
$199.1M
Q4 24
$216.9M
Q3 24
$199.8M
Q2 24
$193.6M
Operating Margin
IQ
IQ
WAL
WAL
Q1 26
0.8%
Q4 25
36.3%
Q3 25
33.4%
Q2 25
34.4%
Q1 25
4.3%
31.7%
Q4 24
30.9%
Q3 24
30.6%
Q2 24
32.1%
Net Margin
IQ
IQ
WAL
WAL
Q1 26
18.6%
Q4 25
29.2%
Q3 25
27.0%
Q2 25
27.2%
Q1 25
25.6%
Q4 24
25.9%
Q3 24
24.3%
Q2 24
25.1%
EPS (diluted)
IQ
IQ
WAL
WAL
Q1 26
$1.65
Q4 25
$2.59
Q3 25
$2.28
Q2 25
$2.07
Q1 25
$1.79
Q4 24
$1.94
Q3 24
$1.80
Q2 24
$1.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IQ
IQ
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
$4.4M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$13.3M
$7.9B
Total Assets
$46.7M
$98.9B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQ
IQ
WAL
WAL
Q1 26
$4.4M
Q4 25
Q3 25
Q2 25
Q1 25
$3.5M
Q4 24
Q3 24
Q2 24
Total Debt
IQ
IQ
WAL
WAL
Q1 26
$4.3B
Q4 25
$1.4B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$1.6B
Q4 24
$2.4B
Q3 24
$1.4B
Q2 24
$436.0M
Stockholders' Equity
IQ
IQ
WAL
WAL
Q1 26
$13.3M
$7.9B
Q4 25
$7.7B
Q3 25
$7.4B
Q2 25
$7.1B
Q1 25
$13.4M
$6.9B
Q4 24
$6.7B
Q3 24
$6.7B
Q2 24
$6.3B
Total Assets
IQ
IQ
WAL
WAL
Q1 26
$46.7M
$98.9B
Q4 25
$92.8B
Q3 25
$91.0B
Q2 25
$86.7B
Q1 25
$45.8M
$83.0B
Q4 24
$80.9B
Q3 24
$80.1B
Q2 24
$80.6B
Debt / Equity
IQ
IQ
WAL
WAL
Q1 26
0.54×
Q4 25
0.18×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.23×
Q4 24
0.36×
Q3 24
0.21×
Q2 24
0.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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