BIDU
Baidu Inc
NASDAQ: BIDU · COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION
$121.01
-3.78% today
Updated 2026-04-29
Market cap
$41.17B
P/E ratio
70.35
P/S ratio
0.32x
EPS (TTM)
$1.72
Dividend yield
—
52W range
$81 – $165
Volume
2.1M
Baidu Inc (BIDU) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.20B | $1.74B | $4.45B | $4.45B | $7.92B | $14.50B | $22.31B | $31.94B | $49.05B | $66.38B | $70.55B | $84.81B | $102.28B | $107.41B | $107.07B | $124.49B | $123.67B | $134.60B | $133.13B | $129.08B |
| Revenue growth (YoY) | — | -45.5% | +155.0% | +0.0% | +78.0% | +83.2% | +53.8% | +43.2% | +53.6% | +35.3% | +6.3% | +20.2% | +20.6% | +5.0% | -0.3% | +16.3% | -0.7% | +8.8% | -1.1% | -3.0% |
| Cost of revenue | $1.16B | $645.41M | $1.62B | $1.62B | $2.15B | $3.90B | $6.45B | $11.47B | $18.89B | $27.46B | $35.28B | $43.06B | $51.74B | $62.85B | $55.16B | $64.31B | $63.94B | $65.03B | $66.10B | $72.44B |
| Gross profit | $2.04B | $1.10B | $2.83B | $2.83B | $5.77B | $10.60B | $15.86B | $20.47B | $30.17B | $38.92B | $35.27B | $41.75B | $50.53B | $44.56B | $51.92B | $60.18B | $59.74B | $69.57B | $67.02B | $56.64B |
| Gross margin | 63.9% | 63.0% | 63.7% | 63.7% | 72.8% | 73.1% | 71.1% | 64.1% | 61.5% | 58.6% | 50.0% | 49.2% | 49.4% | 41.5% | 48.5% | 48.3% | 48.3% | 51.7% | 50.3% | 43.9% |
| R&D | $286.26M | $140.70M | $422.62M | $422.62M | $718.04M | $1.33B | $2.30B | $4.11B | $6.98B | $10.18B | $10.15B | $12.93B | $15.77B | $18.35B | $19.51B | $24.94B | $23.32B | $24.19B | $22.13B | $20.43B |
| SG&A | $250.24M | $103.80M | $168.68M | $3.64B | $310.63M | $476.09M | $659.75M | $1.16B | $2.08B | $2.57B | $2.66B | $8.53B | $9.13B | $9.41B | $9.66B | $12.52B | $10.31B | $10.32B | $9.82B | $25.84B |
| Operating income | $1.10B | $547.15M | $1.60B | $1.60B | $3.96B | $7.58B | $11.05B | $11.19B | $12.80B | $11.67B | $10.05B | $15.69B | $15.53B | $6.31B | $14.34B | $10.52B | $15.91B | $21.86B | $21.27B | $-5.82B |
| Operating margin | 34.3% | 31.4% | 36.1% | 36.1% | 50.0% | 52.2% | 49.5% | 35.0% | 26.1% | 17.6% | 14.2% | 18.5% | 15.2% | 5.9% | 13.4% | 8.4% | 12.9% | 16.2% | 16.0% | -4.5% |
| EBITDA | $1.17B | $728.09M | $1.68B | $1.89B | $4.54B | $8.78B | $13.57B | $15.28B | $19.06B | $44.80B | $23.99B | $34.65B | $45.58B | $21.78B | $44.37B | $30.64B | $27.75B | $43.35B | $46.07B | $18.86B |
| EBITDA margin | 36.5% | 41.7% | 37.7% | 42.4% | 57.3% | 60.5% | 60.8% | 47.8% | 38.9% | 67.5% | 34.0% | 40.9% | 44.6% | 20.3% | 41.4% | 24.6% | 22.4% | 32.2% | 34.6% | 14.6% |
| EBIT | $1.10B | $547.15M | $1.60B | $1.60B | $4.10B | $7.89B | $12.07B | $12.66B | $15.11B | $38.95B | $15.67B | $22.90B | $29.21B | $2.62B | $26.19B | $14.20B | $13.03B | $28.45B | $31.45B | $10.37B |
| Interest expense | $42.44M | $49.01M | $42.44M | $47.68M | $67.12M | $335.65M | $107.86M | $447.08M | $628.57M | $1.04B | $1.16B | $1.61B | $1.88B | $2.96B | $3.10B | $3.42B | $2.91B | $3.25B | $2.82B | $2.71B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.05B | $628.97M | $1.05B | $1.49B | $3.53B | $6.64B | $10.46B | $10.52B | $13.19B | $33.66B | $11.63B | $18.30B | $27.57B | $2.06B | $22.47B | $10.23B | $7.56B | $20.32B | $23.76B | $5.59B |
| Net income growth (YoY) | — | -40.0% | +66.6% | +41.7% | +137.4% | +88.3% | +57.5% | +0.6% | +25.4% | +155.3% | -65.4% | +57.3% | +50.7% | -92.5% | +992.5% | -54.5% | -26.1% | +168.8% | +17.0% | -76.5% |
| Profit margin | 32.8% | 36.1% | 23.6% | 33.4% | 44.5% | 45.8% | 46.9% | 32.9% | 26.9% | 50.7% | 16.5% | 21.6% | 27.0% | 1.9% | 21.0% | 8.2% | 6.1% | 15.1% | 17.8% | 4.3% |