Baidu Inc
NASDAQ:BIDU

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Baidu Inc
NASDAQ:BIDU
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Price: 126.62 USD 6.65% Market Closed
Market Cap: 44.4B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+5%
5Y
+23%
10Y
+111%
Operating Income
+
3Y
-4%
5Y
-3%
10Y
+15%
Net Income
+
3Y
+112%
5Y
-64%
10Y
-31%

Earnings Waterfall
Baidu Inc

Revenue
130.5B CNY
Cost of Revenue
-72.2B CNY
Gross Profit
58.3B CNY
Operating Expenses
-45.5B CNY
Operating Income
12.8B CNY
Other Expenses
-4.4B CNY
Net Income
8.4B CNY

Income Statement
Baidu Inc

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Income Statement
Currency: CNY
Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
36
0
0
0
83
25
51
75
108
172
238
332
447
480
534
593
629
706
773
926
1 041
1 111
1 172
1 163
1 158
1 213
1 271
1 509
1 615
1 644
1 788
1 710
1 883
2 224
2 551
2 860
2 960
3 018
3 033
3 000
3 103
3 175
3 200
3 325
3 421
3 308
3 204
3 048
2 913
3 007
3 083
3 212
3 248
3 210
3 135
2 955
2 824
2 859
2 818
2 776
Revenue
117
N/A
146
+24%
193
+32%
247
+28%
319
+29%
409
+28%
531
+30%
681
+28%
838
+23%
978
+17%
1 187
+21%
1 445
+22%
1 744
+21%
2 043
+17%
2 445
+20%
2 867
+17%
3 198
+12%
3 435
+7%
3 729
+9%
4 089
+10%
4 448
+9%
4 931
+11%
5 748
+17%
6 725
+17%
7 915
+18%
9 057
+14%
10 558
+17%
12 478
+18%
14 501
+16%
16 328
+13%
18 370
+13%
20 445
+11%
22 306
+9%
24 011
+8%
26 115
+9%
28 756
+10%
31 944
+11%
35 472
+11%
39 897
+12%
44 525
+12%
49 052
+10%
52 280
+7%
56 870
+9%
61 733
+9%
66 382
+8%
69 478
+5%
71 166
+2%
71 036
0%
70 549
-1%
71 620
+2%
74 230
+4%
79 466
+7%
84 809
+7%
88 825
+5%
93 923
+6%
98 637
+5%
102 277
+4%
105 493
+3%
105 847
+0%
105 724
0%
107 413
+2%
105 835
-1%
105 543
0%
105 695
+0%
107 074
+1%
112 663
+5%
117 979
+5%
121 668
+3%
124 493
+2%
124 770
+0%
123 067
-1%
123 686
+1%
123 675
0%
126 408
+2%
130 817
+3%
132 724
+1%
134 598
+1%
134 967
+0%
134 842
0%
133 952
-1%
133 125
-1%
134 064
+1%
132 846
-1%
130 463
-2%
Gross Profit
Cost of Revenue
(41)
(50)
(64)
(82)
(104)
(131)
(167)
(205)
(245)
(305)
(395)
(507)
(645)
(772)
(906)
(1 035)
(1 155)
(1 132)
(1 189)
(1 259)
(1 616)
(1 463)
(1 643)
(1 837)
(2 149)
(2 393)
(2 755)
(3 287)
(3 897)
(3 591)
(4 219)
(4 809)
(6 449)
(7 297)
(8 426)
(9 809)
(11 472)
(13 210)
(15 114)
(17 104)
(18 885)
(20 374)
(22 336)
(24 747)
(27 458)
(29 695)
(31 930)
(33 707)
(35 279)
(36 949)
(38 793)
(41 338)
(43 062)
(43 732)
(45 162)
(47 579)
(51 744)
(56 680)
(60 784)
(62 944)
(62 850)
(62 698)
(59 716)
(56 153)
(38 384)
(55 473)
(58 236)
(61 547)
(54 208)
(64 858)
(64 132)
(64 279)
(56 134)
(63 541)
(64 537)
(64 558)
(65 031)
(65 170)
(65 401)
(65 506)
(66 102)
(68 298)
(70 257)
(72 173)
Gross Profit
76
N/A
96
+26%
129
+34%
165
+28%
215
+30%
278
+29%
364
+31%
477
+31%
592
+24%
673
+14%
793
+18%
938
+18%
1 099
+17%
1 271
+16%
1 538
+21%
1 832
+19%
2 043
+11%
2 303
+13%
2 540
+10%
2 830
+11%
2 832
+0%
3 468
+22%
4 105
+18%
4 888
+19%
5 766
+18%
6 665
+16%
7 803
+17%
9 190
+18%
10 604
+15%
12 737
+20%
14 151
+11%
15 636
+10%
15 857
+1%
16 714
+5%
17 689
+6%
18 948
+7%
20 472
+8%
22 262
+9%
24 783
+11%
27 421
+11%
30 167
+10%
31 906
+6%
34 534
+8%
36 986
+7%
38 924
+5%
39 783
+2%
39 236
-1%
37 329
-5%
35 270
-6%
34 671
-2%
35 437
+2%
38 128
+8%
41 747
+9%
45 093
+8%
48 761
+8%
51 058
+5%
50 533
-1%
48 813
-3%
45 063
-8%
42 780
-5%
44 563
+4%
43 137
-3%
45 827
+6%
49 542
+8%
68 690
+39%
57 190
-17%
59 743
+4%
60 121
+1%
70 285
+17%
59 912
-15%
58 935
-2%
59 407
+1%
67 541
+14%
62 867
-7%
66 280
+5%
68 166
+3%
69 567
+2%
69 797
+0%
69 441
-1%
68 446
-1%
67 023
-2%
65 766
-2%
62 589
-5%
58 290
-7%
Operating Income
Operating Expenses
(65)
(84)
(106)
(138)
(179)
(218)
(258)
(301)
(329)
(363)
(412)
(465)
(552)
(650)
(770)
(864)
(946)
(1 038)
(1 068)
(1 141)
(1 227)
(1 273)
(1 422)
(1 608)
(1 807)
(2 042)
(2 294)
(2 636)
(3 027)
(2 575)
(3 032)
(3 447)
(4 806)
(5 543)
(6 430)
(7 648)
(9 280)
(10 907)
(12 773)
(14 830)
(17 363)
(19 321)
(22 037)
(25 897)
(27 252)
(28 056)
(28 113)
(25 930)
(25 221)
(24 827)
(24 249)
(25 028)
(26 056)
(26 840)
(29 296)
(31 865)
(35 003)
(33 287)
(35 619)
(40 516)
(38 256)
(37 132)
(36 411)
(36 325)
(53 195)
(39 624)
(42 358)
(46 584)
(59 761)
(49 582)
(48 668)
(46 131)
(51 629)
(44 577)
(46 180)
(47 109)
(47 711)
(47 437)
(46 347)
(45 701)
(45 753)
(45 472)
(44 962)
(45 489)
Selling, General & Administrative
(51)
(54)
(74)
(99)
(135)
(165)
(195)
(229)
(250)
(275)
(310)
(350)
(411)
(483)
(564)
(617)
(638)
(717)
(723)
(758)
(727)
(814)
(899)
(998)
(1 089)
(1 207)
(1 320)
(1 484)
(1 693)
(1 839)
(2 049)
(2 231)
(2 501)
(2 871)
(3 361)
(4 103)
(5 174)
(6 334)
(7 405)
(8 721)
(10 382)
(11 330)
(13 071)
(16 073)
(17 076)
(18 065)
(18 370)
(16 264)
(15 071)
(13 942)
(12 681)
(12 831)
(13 128)
(13 453)
(15 024)
(16 919)
(19 231)
(22 143)
(22 881)
(21 897)
(19 910)
(17 708)
(16 882)
(16 925)
(18 063)
(19 456)
(20 746)
(23 366)
(24 723)
(24 134)
(23 211)
(21 084)
(20 514)
(21 447)
(22 961)
(23 546)
(23 519)
(23 305)
(22 707)
(22 796)
(23 620)
(24 158)
(24 418)
(25 132)
Research & Development
(15)
(30)
(32)
(39)
(44)
(53)
(63)
(73)
(79)
(89)
(102)
(115)
(141)
(167)
(206)
(247)
(286)
(321)
(345)
(384)
(423)
(459)
(522)
(611)
(718)
(835)
(975)
(1 153)
(1 334)
(1 538)
(1 785)
(2 017)
(2 305)
(2 672)
(3 069)
(3 545)
(4 107)
(4 573)
(5 368)
(6 109)
(6 981)
(7 991)
(8 966)
(9 824)
(10 176)
(9 990)
(9 742)
(9 666)
(10 151)
(10 885)
(11 568)
(12 196)
(12 928)
(13 387)
(14 272)
(14 946)
(15 772)
(16 644)
(17 345)
(18 119)
(18 346)
(18 623)
(18 728)
(18 599)
(19 513)
(20 168)
(21 612)
(23 218)
(24 938)
(25 448)
(25 457)
(25 047)
(23 315)
(23 130)
(23 219)
(23 563)
(24 192)
(24 132)
(23 640)
(22 905)
(22 133)
(21 314)
(20 544)
(20 357)
Depreciation & Amortization
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(15 619)
0
0
0
(10 100)
0
0
0
(7 800)
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(22)
0
0
0
(77)
0
0
0
0
0
0
0
0
802
802
802
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
5 500
4 607
(500)
0
(801)
(801)
(801)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
11
N/A
13
+16%
23
+82%
28
+19%
36
+30%
60
+67%
106
+77%
175
+65%
263
+50%
310
+18%
381
+23%
473
+24%
547
+16%
621
+13%
768
+24%
968
+26%
1 097
+13%
1 265
+15%
1 472
+16%
1 689
+15%
1 605
-5%
2 194
+37%
2 683
+22%
3 280
+22%
3 959
+21%
4 623
+17%
5 509
+19%
6 554
+19%
7 577
+16%
10 162
+34%
11 119
+9%
12 189
+10%
11 051
-9%
11 170
+1%
11 259
+1%
11 300
+0%
11 192
-1%
11 355
+1%
12 009
+6%
12 591
+5%
12 804
+2%
12 585
-2%
12 497
-1%
11 089
-11%
11 672
+5%
11 727
+0%
11 124
-5%
11 399
+2%
10 049
-12%
9 844
-2%
11 188
+14%
13 101
+17%
15 691
+20%
18 253
+16%
19 465
+7%
19 193
-1%
15 530
-19%
15 526
0%
9 444
-39%
2 264
-76%
6 307
+179%
6 005
-5%
9 416
+57%
13 217
+40%
15 495
+17%
17 566
+13%
17 385
-1%
13 537
-22%
10 524
-22%
10 330
-2%
10 267
-1%
13 276
+29%
15 912
+20%
18 290
+15%
20 100
+10%
21 057
+5%
21 856
+4%
22 360
+2%
23 094
+3%
22 745
-2%
21 270
-6%
20 294
-5%
17 627
-13%
12 801
-27%
Pre-Tax Income
Interest Income Expense
1
2
3
6
13
21
30
38
42
45
47
48
47
44
42
41
46
46
43
39
32
35
43
51
58
78
118
43
154
233
299
493
460
528
627
724
836
1 018
1 110
1 185
1 420
1 394
1 483
1 518
1 507
1 288
787
527
667
670
890
927
994
1 090
1 472
2 500
2 367
1 329
1 871
926
1 813
3 380
1 150
676
11 070
(1 011)
631
1 491
4 398
1 208
603
(269)
3 838
570
2 642
3 734
1 755
2 121
1 422
757
5 523
6 229
6 333
7 870
Non-Reccuring Items
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
893
6 000
5 500
0
0
0
(9 701)
0
0
0
(3 455)
0
0
0
(4 306)
0
0
0
(3 001)
0
0
0
(815)
0
0
0
(364)
0
0
(16 190)
Total Other Income
0
0
0
1
1
1
2
1
4
5
7
11
22
22
26
25
22
21
18
29
46
54
41
43
44
61
74
86
78
49
93
95
454
464
444
451
189
257
297
280
261
274
349
530
24 728
24 935
25 221
26 292
3 793
3 517
3 732
6 690
4 598
6 432
5 127
3 668
3 928
3 766
4 621
(7 832)
1 241
(11 169)
(9 811)
9 041
(20)
34 581
30 143
(1 105)
162
(27 686)
(24 500)
(6 904)
(6 637)
(813)
(1 667)
3 916
2 402
(128)
(27)
1 408
2 193
4 364
8 352
6 086
Pre-Tax Income
12
N/A
15
+20%
27
+77%
34
+28%
50
+46%
82
+67%
138
+67%
215
+56%
309
+44%
360
+16%
435
+21%
532
+22%
616
+16%
687
+11%
837
+22%
1 035
+24%
1 164
+12%
1 332
+14%
1 533
+15%
1 756
+15%
1 683
-4%
2 284
+36%
2 767
+21%
3 373
+22%
4 061
+20%
4 762
+17%
5 702
+20%
6 683
+17%
7 809
+17%
10 445
+34%
11 511
+10%
12 777
+11%
11 965
-6%
12 162
+2%
12 330
+1%
12 475
+1%
12 217
-2%
12 630
+3%
13 416
+6%
14 056
+5%
14 484
+3%
14 253
-2%
14 330
+1%
13 137
-8%
37 907
+189%
37 951
+0%
37 132
-2%
38 218
+3%
14 509
-62%
14 031
-3%
15 810
+13%
20 717
+31%
21 283
+3%
25 776
+21%
26 958
+5%
31 362
+16%
27 325
-13%
20 621
-25%
15 936
-23%
(4 642)
N/A
(340)
+93%
(1 784)
-425%
755
N/A
22 934
+2 938%
23 090
+1%
51 136
+121%
48 159
-6%
13 923
-71%
10 778
-23%
(16 148)
N/A
(13 630)
+16%
6 103
N/A
10 112
+66%
18 047
+78%
21 075
+17%
28 707
+36%
25 198
-12%
24 353
-3%
24 489
+1%
24 910
+2%
28 622
+15%
30 887
+8%
32 312
+5%
10 567
-67%
Net Income
Tax Provision
(0)
(1)
(3)
(5)
(2)
(7)
(16)
(16)
(12)
(8)
1
0
13
3
(23)
(56)
(116)
(132)
(155)
(169)
(198)
(242)
(331)
(447)
(536)
(647)
(792)
(944)
(1 189)
(1 339)
(1 289)
(1 439)
(1 574)
(1 632)
(1 910)
(2 030)
(1 829)
(1 870)
(1 963)
(2 032)
(2 231)
(2 342)
(2 499)
(2 433)
(5 474)
(5 608)
(5 638)
(6 093)
(2 914)
(2 644)
(2 415)
(2 467)
(2 995)
(3 710)
(4 232)
(5 188)
(4 743)
(3 917)
(3 247)
(2 128)
(1 948)
(1 852)
(2 658)
(3 342)
(4 064)
(5 400)
(6 375)
(2 918)
(3 187)
(2 044)
128
(2 619)
(2 578)
(3 380)
(4 625)
(4 999)
(3 649)
(3 339)
(3 200)
(2 732)
(4 447)
(4 741)
(4 491)
(1 849)
Income from Continuing Operations
12
13
24
29
48
76
122
199
297
352
435
532
629
690
813
979
1 048
1 200
1 379
1 587
1 485
2 042
2 436
2 926
3 525
4 115
4 910
5 739
6 620
9 106
10 222
11 338
10 391
10 530
10 420
10 445
10 388
10 759
11 453
12 024
12 253
11 911
11 830
10 704
32 432
32 343
31 494
32 126
11 596
11 387
13 395
18 250
18 288
22 066
22 726
26 174
22 582
16 704
12 689
(6 770)
(2 288)
(3 636)
(1 903)
19 592
19 026
45 736
41 784
11 005
7 591
(18 192)
(13 502)
3 484
7 534
14 667
16 450
23 708
21 549
21 014
21 289
22 178
24 175
26 146
27 821
8 718
Income to Minority Interest
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
6
18
33
55
65
43
63
48
63
131
220
429
686
891
1 147
1 343
1 435
903
530
130
(240)
(521)
(523)
(529)
(538)
30
1 170
2 497
3 496
4 861
3 718
3 743
4 433
4 268
5 984
5 372
3 928
3 358
2 260
2 096
2 638
2 285
1 530
1 060
487
(566)
(989)
(1 199)
(1 630)
(1 951)
(1 793)
(1 790)
(1 728)
(1 003)
(705)
(546)
(307)
Net Income (Common)
12
N/A
13
+12%
24
+77%
29
+23%
48
+62%
80
+69%
127
+58%
204
+61%
302
+48%
352
+17%
435
+24%
532
+22%
629
+18%
690
+10%
813
+18%
979
+20%
1 048
+7%
1 200
+15%
1 379
+15%
1 587
+15%
1 485
-6%
2 042
+37%
2 436
+19%
2 926
+20%
3 525
+20%
4 115
+17%
4 911
+19%
5 746
+17%
6 639
+16%
9 140
+38%
10 277
+12%
11 403
+11%
10 434
-8%
10 594
+2%
10 468
-1%
10 508
+0%
10 519
+0%
10 980
+4%
11 882
+8%
12 710
+7%
13 144
+3%
13 058
-1%
13 174
+1%
12 139
-8%
33 335
+175%
32 873
-1%
31 624
-4%
31 886
+1%
11 074
-65%
10 864
-2%
12 865
+18%
17 712
+38%
18 318
+3%
23 235
+27%
25 222
+9%
29 669
+18%
27 443
-8%
20 422
-26%
16 432
-20%
(2 337)
N/A
1 980
N/A
2 348
+19%
3 469
+48%
23 520
+578%
22 384
-5%
47 996
+114%
43 880
-9%
13 643
-69%
9 876
-28%
(16 662)
N/A
(12 442)
+25%
3 971
N/A
6 968
+75%
13 678
+96%
15 251
+12%
22 078
+45%
19 598
-11%
19 221
-2%
19 499
+1%
20 450
+5%
23 172
+13%
25 441
+10%
27 275
+7%
8 411
-69%
EPS (Diluted)
0
N/A
0
N/A
0
N/A
0
N/A
0.02
N/A
0.02
N/A
0.04
+100%
0.07
+75%
0.11
+57%
0.12
+9%
0.15
+25%
0.19
+27%
0.23
+21%
0.25
+9%
0.3
+20%
0.36
+20%
0.38
+6%
0.44
+16%
0.5
+14%
0.57
+14%
0.53
-7%
0.74
+40%
0.88
+19%
1.05
+19%
1.26
+20%
1.47
+17%
1.75
+19%
2.05
+17%
2.37
+16%
3.26
+38%
3.67
+13%
4.07
+11%
3.73
-8%
3.78
+1%
3.73
-1%
3.75
+1%
3.75
N/A
3.91
+4%
4.23
+8%
4.52
+7%
4.67
+3%
4.64
-1%
4.68
+1%
4.34
-7%
11.89
+174%
11.84
0%
11.36
-4%
11.46
+1%
3.98
-65%
3.91
-2%
4.62
+18%
6.34
+37%
6.55
+3%
8.26
+26%
8.95
+8%
10.54
+18%
9.75
-7%
7.3
-25%
5.85
-20%
-0.85
N/A
0.7
N/A
0.83
+19%
1.25
+51%
8.56
+585%
8.12
-5%
17.28
+113%
15.77
-9%
4.93
-69%
3.51
-29%
-6.02
N/A
-4.42
+27%
1.42
N/A
2.48
+75%
4.82
+94%
5.37
+11%
7.77
+45%
6.91
-11%
6.82
-1%
6.95
+2%
7.33
+5%
8.28
+13%
9.21
+11%
9.99
+8%
3.1
-69%

See Also

Summary
BIDU intrinsic value, competitors valuation, and company profile.
DCF Valuation
BIDU stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BIDU stock valuation using valuation multiples.
Wall Street Estimates
BIDU price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BIDU stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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