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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Total assets | 469,932 | 449,566 | 449,157 | 444,072 | 450,569 | — |
| Current assets | 207,364 | 155,289 | 151,970 | 158,294 | 157,218 | — |
| Cash and equivalents | 24,524 | 29,948 | 24,606 | 38,620 | 29,940 | — |
| Short-term investments | 141,727 | 86,942 | 90,661 | 86,195 | 93,926 | — |
| Receivables | 17,511 | 14,948 | 16,781 | 12,522 | 12,326 | — |
| Inventory | 8,286 | — | 6,200 | — | — | — |
| Net property, plant and equipment | 47,058 | 35,398 | 34,891 | 33,822 | 43,138 | — |
| Goodwill | 36,783 | 36,783 | 36,783 | 37,637 | 37,637 | — |
| Other intangible assets | 24,968 | 25,085 | 24,428 | 23,846 | 24,404 | — |
| Long-term investments | 117,166 | 159,334 | 168,780 | 158,453 | 155,226 | — |
| Current liabilities | 89,116 | 83,849 | 86,328 | 83,012 | 85,125 | — |
| Accounts payable | 40,040 | 39,479 | — | 36,662 | 38,208 | 38,770 |
| Long-term debt | 73,483 | 61,273 | 61,102 | 62,113 | 55,551 | — |
| Total debt | 112,897 | 94,136 | 97,077 | 97,237 | 91,843 | — |
| Total liabilities | 174,835 | 157,218 | 159,431 | 156,473 | 152,657 | — |
| Total equity (incl. minority) | 295,097 | 292,348 | 289,726 | 287,599 | 297,912 | — |
| Retained earnings | 177,599 | — | 177,694 | — | — | — |
| Minority interest | 23,345 | 23,462 | 23,396 | 23,071 | 22,855 | — |