Baidu, Inc.BIDUEarnings & Financial Report
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.
BIDU Q4 2025 Key Financial Metrics
营收
$5.0B
毛利润
$2.1B
营业利润
$209.0M
净利润
$300.0M
毛利率
41.0%
营业利润率
4.1%
净利率
6.0%
同比增长
14.0%
EPS
$0.53
资金流向
Baidu, Inc. Q4 2025 Financial Summary
Baidu, Inc. reported revenue of $5.0B (up 14.0% YoY) for Q4 2025, with a net profit of $300.0M (down 47.1% YoY) (6.0% margin). Cost of goods sold was $3.0B, operating expenses totaled $1.9B.
Key Financial Metrics
| Total Revenue | $5.0B |
|---|---|
| Net Profit | $300.0M |
| Gross Margin | 41.0% |
| Operating Margin | 4.1% |
| Report Period | Q4 2025 |
Revenue Breakdown
Baidu, Inc. Q4 2025 revenue of $5.0B breaks down across 4 segments, led by Legacy Business at $1.8B (34.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Legacy Business | $1.8B | 34.9% |
| Baidu Core AI-powered Business | $1.6B | 32.1% |
| Other | $1.3B | 25.9% |
| Others | $357.5M | 7.1% |
Baidu, Inc. Revenue by Segment — Quarterly Trend
Baidu, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Legacy Business and Baidu Core AI-powered Business) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Legacy Business | $1.8B | — | — | — |
| Baidu Core AI-powered Business | $1.6B | — | — | — |
| Other | $1.3B | — | — | — |
| Others | $357.5M | $2.1B | $2.1B | $2.1B |
Baidu, Inc. Annual Revenue by Year
Baidu, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $18.5B). Click any linked year to see what changed vs the prior 10-K.
Baidu, Inc. Quarterly Revenue & Net Profit History
Baidu, Inc. quarterly results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $5.0B | +14.0% | $300.0M | 6.0% |
| Q3 2025 | $4.4B | -8.4% | $-1.6B | -36.3% |
| Q2 2025 | $4.6B | -2.2% | $1.0B | 22.2% |
| Q1 2025 | $4.5B | +2.5% | $1.1B | 24.1% |
| Q4 2024 | $4.4B | -10.2% | $567.0M | 12.8% |
| Q3 2024 | $4.8B | +1.3% | $1.1B | 23.2% |
| Q2 2024 | $4.7B | -0.6% | $768.0M | 16.4% |
| Q1 2024 | $4.4B | — | $811.0M | 18.6% |
利润表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 营收 | $4.37B | $4.67B | $4.78B | $4.42B | $4.47B | $4.57B | $4.38B | $5.04B |
| 同比增长 | N/A | -0.6% | 1.3% | -10.2% | 2.5% | -2.2% | -8.4% | 14.0% |
资产负债表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 总资产 | N/A | N/A | $59.47B | $58.61B | $62.56B | $62.90B | $62.38B | $64.23B |
| 总负债 | N/A | N/A | $19.68B | $19.75B | $22.59B | $21.31B | $21.98B | $22.80B |
| 股东权益 | N/A | N/A | $38.46B | $36.12B | $38.59B | $39.82B | $38.59B | $38.09B |
现金流量表
| Q2 2024 | Q4 2024 | Q2 2025 | Q4 2025 | |
|---|---|---|---|---|
| 经营性现金流 | $5.28B | $4.04B | $-6.34B | $1.52B |