Baidu revenue and financials
$87.05Change from previous close: +0.07%Absolute change: +$0.06
In the fiscal year ended December 2025, Baidu reported revenue of ¥129.08B (+607.75% 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
- +607.75%
- 2025 vs 2024
- Net income growth
- −76.48%
- 2025 vs 2024
- Net margin
- 4.3%
- 2024: 130.3%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -431 | 2,909 | 36,615 | 26,170 | 3,158 | 24,200 | 28,458 | 35,967 | 32,828 | 22,480 |
| Depreciation and amortization | 7,400 | 6,600 | 1,000 | 6,200 | 5,700 | 869 | 5,600 | 3,700 | 3,805 | 3,451 |
| Capital expenditure | -12,073 | -8,134 | -11,190 | -1,201 | -10,896 | -779 | -6,428 | -1,276 | -4,779 | -4,189 |
| Investing cash flow | -25,136 | -8,555 | -50,397 | -3,944 | -31,444 | — | — | — | — | — |
| Financing cash flow | 17,142 | -13,759 | -14,162 | -6,390 | 23,396 | — | — | — | — | — |
| Share repurchases | -5,536 | -866 | -671 | -1,925 | -1,190 | -2,001 | -4,958 | -3,312 | -1,723 | 0.0 |
| Debt issued | 46,644 | 23,574 | 20,473 | 9,722 | 24,233 | — | — | — | — | — |
| Debt repaid | -26,351 | -31,111 | -33,566 | -16,535 | -15,393 | — | — | — | — | — |
| Effect of exchange rates | -751 | 95.0 | 282 | 1,729 | -943 | — | — | — | — | — |
| Net change in cash | -11,758 | -985 | -27,662 | 17,565 | 11,131 | — | — | — | — | — |
| Free cash flow | -15,086 | 13,100 | 25,425 | 17,884 | 9,226 | — | — | — | — | — |
| Levered free cash flow | 16,640 | 27,377 | 28,469 | 20,267 | 16,750 | — | — | — | — | — |