Baidu revenue and financials
Secondary listing. The primary listing is Baidu · NASDAQ (USD)
$84.25Change from previous close: −2.21%Absolute change: −$1.90
In the fiscal year ended December 2025, Baidu reported revenue of ¥129.08B (−3.04% year over year). Net income was ¥5.59B, a net margin of 4.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −3.04%
- 2025 vs 2024
- Net income growth
- −76.48%
- 2025 vs 2024
- Net margin
- 4.3%
- 2024: 17.8%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 449,157 | 427,780 | 406,759 | 390,973 | — |
| Current assets | 151,970 | 168,849 | 230,255 | 212,850 | — |
| Cash and equivalents | 24,606 | 24,832 | 25,231 | 53,156 | — |
| Short-term investments | 90,661 | 102,608 | 168,670 | 120,839 | — |
| Receivables | 16,781 | 14,280 | 16,620 | 21,135 | — |
| Inventory | 6,200 | 5,989 | 1,396 | 1,227 | — |
| Net property, plant and equipment | 34,891 | 41,000 | 38,811 | 34,338 | — |
| Goodwill | 36,783 | 22,586 | 22,586 | 22,477 | — |
| Other intangible assets | 24,428 | 22,397 | 21,225 | 21,097 | — |
| Long-term investments | 168,780 | 140,256 | 72,623 | 78,926 | — |
| Current liabilities | 86,328 | 80,953 | 76,451 | 79,630 | — |
| Long-term debt | 61,102 | 51,943 | 57,357 | 63,183 | — |
| Total debt | 97,077 | 79,324 | 84,595 | 91,354 | — |
| Total liabilities | 159,431 | 144,168 | 144,151 | 153,168 | — |
| Total equity (incl. minority) | 289,726 | 283,612 | 262,608 | 237,805 | — |
| Retained earnings | 177,694 | 180,073 | 161,240 | 148,341 | — |
| Minority interest | 23,396 | 19,992 | 18,982 | 14,327 | — |