Baidu revenue and financials
Secondary listing. The primary listing is Baidu · NASDAQ (USD)
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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 |
|---|---|---|---|---|---|
| Operating cash flow | -3,013 | 21,234 | 36,615 | 26,170 | — |
| Depreciation and amortization | 21,351 | 20,521 | 21,457 | 20,084 | — |
| Capital expenditure | -13,417 | -8,259 | -11,295 | -8,393 | — |
| Investing cash flow | -25,136 | -8,555 | -50,397 | -3,944 | — |
| Financing cash flow | 17,142 | -13,759 | -14,162 | -6,390 | — |
| Share repurchases | -5,536 | -6,324 | -4,764 | -1,925 | — |
| Debt issued | 46,644 | 23,574 | 20,473 | 9,722 | — |
| Debt repaid | -26,351 | -31,111 | -33,566 | -16,535 | — |
| Effect of exchange rates | -751 | 95.0 | 282 | 1,729 | — |
| Net change in cash | -11,007 | -1,080 | -27,944 | 15,836 | — |
| Free cash flow | -16,430 | 12,975 | 25,320 | 17,777 | — |