Baidu, Inc. (89888.HK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	127.3B	129.1B	133.1B	134.6B	123.7B
Cost of Revenue	75.3B	72.4B	66.1B	65.0B	63.9B
Gross Profit	52.0B	56.6B	67.0B	69.6B	59.7B
Operating Expenses
R&D Expense	19.8B	20.4B	22.1B	24.2B	23.3B
SG&A Expense	23.5B	25.8B	23.6B	23.5B	20.5B
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	16.2B	—	—	—	—
Total Operating Expenses	59.4B	46.3B	45.8B	47.7B	43.8B
Cost and Expenses	134.7B	118.7B	111.9B	112.7B	107.8B
Operating Income (EBIT)	(7.4B)	10.4B	21.3B	21.9B	15.9B
Non-Operating
Interest Income	7.6B	8.6B	8.0B	8.0B	6.2B
Interest Expense	2.5B	2.8B	2.8B	3.2B	2.9B
Net Interest Income	5.1B	5.8B	5.1B	4.8B	3.3B
Other Non-Op Income/Expense	4.0B	(3.7B)	7.4B	3.3B	(5.8B)
Non-Operating Income (excl Interest)	(20.1B)	867.0M	(10.2B)	(6.6B)	2.9B
EBT (Pre-Tax Income)	(3.4B)	6.7B	28.6B	25.2B	10.1B
Income Tax Expense	729.0M	1.3B	4.4B	3.6B	2.6B
Bottom Line
Net Income	(3.7B)	5.6B	23.8B	20.3B	7.6B
Earnings from Cont. Ops	(4.1B)	5.5B	24.2B	21.5B	7.5B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(5.2B)	4.0B	23.1B	19.6B	7.0B
Per Share
Basic EPS	(CN¥1.72)	CN¥1.99	CN¥8.27	CN¥8.58	CN¥2.50
Diluted EPS	(CN¥1.96)	CN¥1.47	CN¥8.24	CN¥6.89	CN¥2.48
Revenue Per Share	CN¥46.88	CN¥47.35	CN¥47.72	CN¥59.09	CN¥44.46
Shares
Basic Shares Outstanding	2.7B	2.7B	2.8B	2.3B	2.8B
Diluted Shares Outstanding	2.8B	2.7B	2.8B	2.8B	2.8B
Profitability Metrics
EBITDA	19.3B	30.9B	38.3B	49.9B	33.1B
D&A	6.5B	21.4B	6.8B	21.5B	20.1B
EBIT	12.7B	9.5B	31.4B	28.4B	13.0B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026