Baidu revenue and financials

9888 · HKEX · HKD

Secondary listing. The primary listing is Baidu · NASDAQ (USD)

$84.75Change from previous close: −1.63%Absolute change: −$1.40

Close · October 7, 2026

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%.

Annual revenue · 2025: ¥129.08B
  1. ¥123.68B2022
  2. ¥134.6B2023
  3. ¥133.13B2024
  4. ¥129.08B2025

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.

Cash flow · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025
Operating cash flow3,4362,6702,6091,256-877
Investing cash flow-26,4634,942-18,3862,996-8,541
Financing cash flow17,405-1,6351,1134,683-9,153
Effect of exchange rates-216-276-305-202-238
Net change in cash-5,6225,977-14,6648,935-18,571
Free cash flow-13,8702,670-4,1081,256-877