BIDU
$85.59-1.47%
as of close, Oct 1, 2026
☾ AH $85.59 -1.47%
Baidu Inc. ADSStock · Technology
BIDU financial statements
The full income statement, balance sheet, and cash-flow statement for Baidu Inc. ADS (BIDU), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2007-12 4.3M2008-12 4.3M2009-12 4.3M2010-12 4.4M2025-12 340.3M+7738.9% over 4 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 18.5B+1.2% | 18.2B-3.8% | 19.0B+5.7% | 17.9B-8.2% | 19.5B+19.0% | |
| Cost of revenue | 10.4B+14.4% | 9.06B-1.1% | 9.16B-1.2% | 9.27B-8.2% | 10.1B+19.4% | |
| Research & development | 2.92B-3.6% | 3.03B-11.0% | 3.41B+0.8% | 3.38B-13.6% | 3.91B+30.9% | |
| Selling, general & administrative | 3.70B+14.2% | 3.24B-2.4% | 3.31B+11.4% | 2.98B-23.3% | 3.88B+40.1% | |
| Provision for credit losses | 284M+93.2% | 147M+50.0% | 98.0M-3.9% | 102M-34.2% | 155M+49.0% | |
| Operating income | -833M-128.6% | 2.91B-5.3% | 3.08B+33.4% | 2.31B+39.7% | 1.65B-24.9% | |
| Interest expense | 398M+2.8% | 387M-15.3% | 457M+8.3% | 422M-21.4% | 537M+12.8% | |
| Interest & investment income | 1.23B+12.7% | 1.09B-3.3% | 1.13B+24.6% | 905M+3.9% | 871M+6.0% | |
| Other non-operating income | 825M+228.7% | 251M-0.4% | 252M+130.3% | -832M-407.3% | -164M-111.4% | |
| Equity-method income | 457M+581.1% | -95.0M+82.2% | -535M-93.1% | -277M-89.7% | -146M+57.7% | |
| Gain (loss) on equity securities | — | -31.0M-410.0% | 10.0M+103.3% | -306M+41.9% | -527M-273.4% | |
| Pre-tax income | 960M-75.5% | 3.92B+10.5% | 3.55B+142.2% | 1.47B-13.3% | 1.69B-52.2% | |
| Income tax | 180M-70.4% | 609M+18.5% | 514M+37.4% | 374M-25.2% | 500M-19.7% | |
| 799M-75.5% | 3.25B+13.8% | 2.86B+161.0% | 1.10B-31.7% | 1.60B-53.4% | ||
| Net income to non-controlling interest | -19.0M-133.3% | 57.0M-67.4% | 175M+4475.0% | -4.00M+99.0% | -414M+21.6% | |
| Net income to common | 667M-79.0% | 3.17B+15.0% | 2.76B+173.3% | 1.01B-34.8% | 1.55B-54.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 21.7B-6.1% | 23.1B-28.7% | 32.4B+5.1% | 30.9B-7.8% | 33.5B+19.1% | ||
| Cash & equivalents | 3.52B+3.4% | 3.40B-4.3% | 3.55B-53.9% | 7.71B+33.3% | 5.78B+5.5% | |
| Short-term investments | 13.0B-7.8% | 14.1B-40.8% | 23.8B+35.6% | 17.5B-22.1% | 22.5B+16.0% | |
| Accounts receivable | 1.85B+34.0% | 1.38B-9.4% | 1.53B-10.2% | 1.70B+8.6% | 1.57B+17.9% | |
| Prepaid expenses | — | 78.0M-24.3% | 103M+22.6% | 84.0M-13.4% | 97.0M-42.9% | |
| Other current assets | 3.25B+26.1% | 2.58B+45.6% | 1.77B+18.1% | 1.50B-13.5% | 1.74B+2.8% | |
| 64.2B+9.6% | 58.6B+2.3% | 57.3B+1.1% | 56.7B-4.9% | 59.6B+17.0% | ||
| Property, plant & equipment | 3.76B-8.9% | 4.12B+4.7% | 3.94B+13.3% | 3.48B-3.8% | 3.61B+34.7% | |
| Operating lease right-of-use | 1.23B-17.5% | 1.49B-2.3% | 1.53B+1.7% | 1.50B-20.6% | 1.89B+26.0% | |
| Goodwill | 5.26B+70.0% | 3.09B-2.7% | 3.18B-2.4% | 3.26B-8.1% | 3.55B+4.0% | |
| Intangible assets | 556M+424.5% | 106M-14.5% | 124M-31.9% | 182M-31.3% | 265M-14.5% | |
| Long-term investments | 6.42B+12.4% | 5.72B-15.4% | 6.75B-15.7% | 8.02B-24.1% | 10.6B-9.6% | |
| Deferred tax assets | 655M+118.3% | 300M+1.4% | 296M-4.2% | 309M-16.9% | 372M+44.7% | |
| Other non-current assets | 3.94B+71.1% | 2.30B-13.7% | 2.67B-3.5% | 2.77B+10.7% | 2.50B+374.6% | |
| Total non-current assets | 42.5B+19.8% | 35.5B+42.7% | 24.9B-3.7% | 25.8B-1.3% | 26.2B+14.3% | |
| 12.3B+11.3% | 11.1B+3.0% | 10.8B-6.7% | 11.5B-1.2% | 11.7B+11.5% | ||
| Accrued liabilities | 1.28B+6.9% | 1.20B-5.1% | 1.26B-1.6% | 1.28B-17.2% | 1.55B+21.7% | |
| Short-term & current debt | 208M+571.0% | 31.0M-91.9% | 384M-60.8% | 980M+49.8% | 654M+41.6% | |
| Current lease liability | 494M+9.1% | 453M+3.4% | 438M+7.6% | 407M-9.6% | 450M+23.6% | |
| 22.8B+15.4% | 19.8B-2.7% | 20.3B-8.6% | 22.2B-9.3% | 24.5B+13.4% | ||
| Long-term debt | 5.91B+19.7% | 4.93B-14.6% | 5.78B-14.9% | 6.79B-19.4% | 8.41B+13.4% | |
| Deferred revenue (non-current) | 103M+28.7% | 80.0M+17.6% | 68.0M+41.7% | 48.0M+37.1% | 35.0M-66.7% | |
| Non-current lease liability | 587M-13.8% | 681M-4.1% | 710M+1.9% | 697M-20.3% | 874M+21.6% | |
| Operating lease liability (total) | 1.08B-4.7% | 1.13B-1.2% | 1.15B+4.0% | 1.10B-16.6% | 1.32B+22.3% | |
| Deferred tax liabilities | 713M+34.5% | 530M+38.0% | 384M-8.6% | 420M-18.6% | 516M+9.8% | |
| Other non-current liabilities | 280M+31.5% | 213M-17.1% | 257M-14.0% | 299M+167.0% | 112M+1144.4% | |
| Total non-current liabilities | 10.5B+20.7% | 8.66B-9.2% | 9.54B-10.6% | 10.7B-16.7% | 12.8B+15.3% | |
| 38.1B+5.5% | 36.1B+5.3% | 34.3B+5.9% | 32.4B-2.4% | 33.2B+18.5% | ||
| Additional paid-in capital | 13.6B+8.2% | 12.5B+2.3% | 12.3B+6.0% | 11.6B-0.1% | 11.6B+60.2% | |
| Retained earnings | 25.4B+3.0% | 24.7B+8.6% | 22.7B+5.6% | 21.5B-5.6% | 22.8B+9.9% | |
| Treasury stock | 671M-21.4% | 854M+58.7% | 538M-29.5% | 763M-35.9% | 1.19B | |
| Accumulated other comprehensive income | -236M+4.5% | -247M-96.0% | -126M-259.5% | 79.0M+8000.0% | -1.00M-103.3% | |
| Non-controlling interest | 1.46B+5.5% | 1.39B+3.5% | 1.34B+55.8% | 860M+2.5% | 839M-9.5% | |
| Total equity incl. non-controlling | 39.5B+5.5% | 37.5B+5.2% | 35.7B+7.2% | 33.3B-2.2% | 34.0B+17.6% | |
| Total liabilities & equity | 64.2B+9.6% | 58.6B+2.3% | 57.3B+1.1% | 56.7B-4.9% | 59.6B+17.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -431M-114.8% | 2.91B-43.6% | 5.16B+35.9% | 3.79B+20.1% | 3.16B-14.9% | ||
| Depreciation & amortization | 1.10B+21.0% | 909M-9.1% | 1.00B+10.5% | 905M+1.0% | 896M+3.1% | |
| Share-based compensation | 517M-21.1% | 655M-26.7% | 894M-9.1% | 984M-11.1% | 1.11B+7.4% | |
| Deferred income taxes | -182M-228.2% | 142M+717.4% | -23.0M-64.3% | -14.0M+80.0% | -70.0M-511.8% | |
| Change in receivables | 645M+1533.3% | -45.0M-50.0% | -30.0M-108.7% | 343M+2.1% | 336M+32.3% | |
| -3.59B-206.7% | -1.17B+83.5% | -7.10B-1140.9% | -572M+88.4% | -4.93B-16.8% | ||
| Capital expenditure | 1.73B+54.9% | 1.11B-29.3% | 1.58B+31.2% | 1.20B-29.8% | 1.71B+119.5% | |
| Free cash flow | -2.16B-220.2% | 1.79B-49.9% | 3.58B+38.1% | 2.59B+79.1% | 1.45B-50.6% | |
| Acquisitions | 170M | 0.00-100.0% | 16.0M+700.0% | 2.00M-94.9% | 39.0M-89.4% | |
| Sales/maturities of investments | 21.0B+106.0% | 10.2B+3251.3% | 304M-77.4% | 1.35B-66.8% | 4.06B-80.5% | |
| Other investing activities | -15.0M-475.0% | 4.00M+133.3% | -12.0M+14.3% | -14.0M-27.3% | -11.0M-650.0% | |
| 2.45B+230.0% | -1.89B+5.5% | -2.00B-115.4% | -926M-125.2% | 3.67B+322.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 3.12B | |
| Common stock repurchased | 792M-8.5% | 866M+29.1% | 671M+140.5% | 279M-76.6% | 1.19B-40.5% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | — | — | -31.0M-3.3% | -30.0M-66.7% | -18.0M+48.6% | |
| Net change in cash | -1.68B-1145.2% | -135M+96.5% | -3.90B-253.0% | 2.55B+45.8% | 1.75B+440.9% | |
| Interest paid | 287M-6.2% | 306M-21.3% | 389M-0.3% | 390M-2.3% | 399M+18.0% | |
| Income taxes paid | 465M-7.9% | 505M-2.1% | 516M+1.0% | 511M+0.2% | 510M-7.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 44.5B | — | — | — | — | |
| P/E | 55.6×+7977.9% | 0.7×-29.2% | 1.0×+4.1% | 0.9×-23.1% | 1.2×-31.2% | |
| P/S | 2.4× | — | — | — | — | |
| P/B | 1.2× | — | — | — | — | |
| Earnings yield | 1.8%-98.8% | 145.2%+41.3% | 102.8%-4.0% | 107.0%+30.1% | 82.3%+45.3% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: BIDU’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BIDU filings on SEC EDGAR → Not investment advice.