Baidu, Inc.

BIDU · XNAS

CIK 1329099fmd_0D7044123JZPA4KXJZXVSM9ANJServices · Services-Computer Programming, Data Processing, Etc.Template: Standard

Coverage: Jan 01, 2007 to Dec 31, 2025, 25 periods

Income Statement · Annual · Millions · CNY
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	70,549	84,809	102,277	107,413	107,074	124,493	123,675	134,598	133,125	129,079
Cost of revenue	35,278	43,062	51,744	62,850	55,158	64,314	63,935	65,031	66,102	72,436
Gross profit	35,271	41,747	50,533	44,563	51,916	60,179	59,740	69,567	67,023	56,643
Realized investment gains (losses)	4,971	3,244	7,648	2,305	11,966	3,930	(4,010)	3,765	2,598	7,455
Research and development	10,151	12,928	15,772	18,346	19,513	24,938	23,315	24,192	22,133	20,433
Selling, general and administrative	15,071	13,128	19,231	19,910	18,063	24,723	20,514	23,519	23,620	25,843
Operating income	10,049	15,691	15,530	6,307	14,340	10,518	15,911	21,856	21,270	(5,823)
Interest expense	1,158	1,615	1,883	2,960	3,103	3,421	2,913	3,248	2,824	2,784
Interest and investment income	2,342	3,154	4,451	6,060	5,358	5,551	6,245	8,009	7,962	8,602
Other non-operating income (expense)	4,460	5,592	11,795	(6,647)	8,750	260	(5,799)	3,342	7,352	12,539
Income before taxes	14,509	21,283	27,325	(340)	23,090	10,778	10,112	25,198	28,622	6,716
Income tax expense	2,913	2,995	4,743	1,948	4,064	3,187	2,578	3,649	4,447	1,259
Net income from continuing operations	11,596	18,288	22,582	(2,288)	19,026	7,591	7,534	21,549	24,175	5,457
Net income	11,632	18,301	27,573	2,057	22,472	10,226	7,559	20,315	23,760	5,589
Net income to common shareholders	11,075	18,318	27,443	1,980	22,384	9,876	6,968	19,598	23,172	4,663