Baidu, Inc. (BIDU) — Financial statements
Income statement, balance sheet, and cash flow for Baidu, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 129,079↓3.0% | 133,125↓1.1% | 134,598↑8.8% | 123,675↓0.7% | 124,493 | |
| Cost of Revenue | 72,436↑9.6% | 66,102↑1.6% | 65,031↑1.7% | 63,935↓0.6% | 64,314 | |
| Gross Profit | 56,643↓15.5% | 67,023↓3.7% | 69,567↑16.4% | 59,740↓0.7% | 60,179 | |
| Operating Expenses | ||||||
| R&D Expenses | 20,433↓7.7% | 22,133↓8.5% | 24,192↑3.8% | 23,315↓6.5% | 24,938 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 25,843↑9.4% | 23,620↑0.4% | 23,519↑14.6% | 20,514↓17.0% | 24,723 | |
| Other Expenses | 16,190 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 62,466↑36.5% | 45,753↓4.1% | 47,711↑8.9% | 43,829↓11.7% | 49,661 | |
| Total Costs & Expenses | 134,902↑20.6% | 111,855↓0.8% | 112,742↑4.6% | 107,764↓5.4% | 113,975 | |
| Operating Results | ||||||
| Operating Income | -5,823↓127.4% | 21,270↓2.7% | 21,856↑37.4% | 15,911↑51.3% | 10,518 | |
| Depreciation & Amortization | 8,493↓41.9% | 14,628↓1.9% | 14,908↑1.2% | 14,725↓10.4% | 16,438 | |
| EBITDA | 18,860↓59.1% | 46,074↑6.3% | 43,354↑56.2% | 27,750↓9.4% | 30,637 | |
| EBIT | 10,367↓67.0% | 31,446↑10.5% | 28,446↑118.4% | 13,025↓8.3% | 14,199 | |
| Interest & Other Income | ||||||
| Net Interest Income | 5,659↑10.1% | 5,138↑7.9% | 4,761↑42.9% | 3,332↑56.4% | 2,130 | |
| Interest Income | 8,368↑5.1% | 7,962↓0.6% | 8,009↑28.2% | 6,245↑12.5% | 5,551 | |
| Interest Expense | 2,708↓4.1% | 2,824↓13.1% | 3,248↑11.5% | 2,913↓14.8% | 3,421 | |
| Non-Operating Income | -16,190↓59.1% | -10,176↓54.4% | -6,590↓328.3% | 2,886↑178.4% | -3,681 | |
| Other Income / Expenses | 12,539↑70.6% | 7,352↑120.0% | 3,342↑157.6% | -5,799↓2330.4% | 260 | |
| Income Before Tax | 6,716↓76.5% | 28,622↑13.6% | 25,198↑149.2% | 10,112↓6.2% | 10,778 | |
| Income Tax Expense | 1,259↓71.7% | 4,447↑21.9% | 3,649↑41.5% | 2,578↓19.1% | 3,187 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 5,457↓77.4% | 24,175↑12.2% | 21,549↑186.0% | 7,534↓0.8% | 7,591 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 5,589↓76.5% | 23,760↑17.0% | 20,315↑168.8% | 7,559↓26.1% | 10,226 | |
| Bottom-Line Net Income | 5,589↓76.5% | 23,760↑21.5% | 19,554↑180.6% | 6,968↓29.4% | 9,876 | |
| EPS (Basic) | 13.28↓80.0% | 66.48↑19.1% | 55.84↑179.2% | 20.00↓30.2% | 28.64 | |
| EPS (Diluted) | 11.76↓82.2% | 65.92↑19.6% | 55.12↑177.8% | 19.84↓29.3% | 28.08 | |
| Weighted Average Shares | 475↑36.3% | 349↓0.6% | 351↑0.9% | 348↑0.9% | 345 | |
| Weighted Average Diluted Shares | 343↓1.9% | 350↓1.4% | 355↑1.0% | 351↓0.2% | 352 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.