Xiaomi

1810 · HKEX · HKD

$24.24−3.96%−$1.00

Close · October 2, 2026

At a glance

Revenue growth: +24.97%; 2025 vs 2024
Net income growth: +76.02%; 2025 vs 2024
Net margin: 9.1%; 2024: 6.5%

Financial data

Amounts in millions of CNY; per-share values in CNY; shares in millions.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	108,922	99,142	116,917	113,121	115,956	111,293	109,005	92,507	88,888	75,507	73,244	70,894
Cost of revenue	87,313	77,331	92,554	87,185	89,855	85,887	86,550	73,625	70,494	58,677	57,630	54,785
Gross profit	21,609	21,810	24,363	25,936	26,101	25,406	22,455	18,881	18,394	16,830	15,614	16,110
Selling, general and administrative	10,130	9,907	11,574	10,158	9,405	8,730	9,210	7,696	7,082	7,004	7,393	6,102
Research and development	9,231	8,954	9,598	9,059	7,763	6,712	7,437	5,957	5,498	5,159	5,463	4,966
Operating income	4,370	4,420	2,646	9,602	9,986	10,235	5,840	5,455	6,652	4,754	2,652	5,290
EBIT	4,370	4,420	2,646	9,602	9,986	10,235	5,840	5,455	6,652	4,754	2,652	5,290
EBITDA	5,687	6,831	3,035	12,958	10,863	12,018	7,655	8,050	7,166	6,148	2,729	7,500
Interest expense	327	862	—	1,644	342	961	1,332	157	366	—	10.9	95.6
Pre-tax income	11,565	5,729	7,120	14,956	14,403	13,168	9,408	6,817	6,679	5,222	5,697	5,887
Income tax	2,102	994	577	2,699	2,530	2,275	412	1,477	1,610	1,049	974	1,018
Net income	9,462	4,723	6,544	12,271	11,904	10,924	9,026	5,352	5,098	4,182	4,727	4,874
Net income to common shareholders	9,462	4,723	6,544	12,271	11,904	10,924	9,026	5,352	5,098	4,182	4,727	4,874
Basic EPS	0.37	0.18	0.25	0.47	0.46	0.44	0.36	0.22	0.21	0.17	0.19	0.20
Diluted EPS	0.36	0.18	0.24	0.46	0.45	0.42	0.36	0.21	0.20	0.16	0.19	0.19
Average shares (basic)	25,724	25,774	25,907	25,906	25,843	24,962	24,794	24,797	24,834	25,038	24,885	24,921
Average shares (diluted)	26,509	26,451	27,055	26,849	26,791	26,009	25,592	25,412	25,449	25,481	25,325	25,284