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AI Cloud·BIDU
Baidu, Inc.
NASDAQ · CN
Operator of Baidu AI Cloud, offering AI infrastructure, model services, and cloud capacity around the ERNIE ecosystem.
AI relevance
China AI cloud and ERNIE model platform with meaningful public-market exposure to national AI model development.
Price
$76.12
Change
-2.53 (-3.21%)
Market cap
$25.9B
52w range
$76–$165
Exchange
NASDAQ
Country
CN
Jason's Chips
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Price chart
BIDU market performance
Daily close for Baidu, Inc.
- Latest close
- $76.35
- Range move
- -$45.46 (-37.3%)
- Range high
- $162.5
- Range low
- $76.35
- Latest volume
- 1.3M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
82 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus53 ratings
Strong buy
0
Buy
40
Hold
12
Sell
1
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $128.12B | $127.24B - $128.86B | $36.85 | $33.66 - $39.74 | $37.23B | $18.06B | $12.59B | $23.49B | 21 rev / 13 EPS |
| 2027-12-31 | $136.25B | $130.33B - $144.62B | $45.14 | $42.70 - $49.44 | $39.48B | $21.92B | $15.80B | $24.98B | 21 rev / 14 EPS |
| 2028-12-31 | $151.07B | $138.40B - $178.46B | $54.03 | $38.24 - $81.74 | $44.16B | $27.65B | $20.58B | $27.70B | 22 rev / 11 EPS |
| 2029-12-31 | $155.12B | $147.20B - $171.22B | $72.59 | $67.78 - $82.38 | $48.57B | $32.84B | $24.90B | $28.44B | 14 rev / 4 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-30 | $33.18B | $32.98B - $33.38B | $8.46 | $7.53 - $9.33 | $6.57B | $4.13B | $2.91B | $6.08B | 9 rev / 7 EPS |
| 2027-03-30 | $33.20B | $32.55B - $34.30B | $8.31 | $8.10 - $8.67 | $6.52B | $4.07B | $2.86B | $6.09B | 7 rev / 2 EPS |
| 2027-06-30 | $33.53B | $32.87B - $34.64B | $9.12 | $8.88 - $9.51 | $6.87B | $4.40B | $3.14B | $6.15B | 4 rev / 2 EPS |
| 2027-09-30 | $33.05B | $32.40B - $34.14B | $9.29 | $9.06 - $9.70 | $6.95B | $4.47B | $3.20B | $6.06B | 4 rev / 2 EPS |
| 2027-12-30 | $34.79B | $34.11B - $35.95B | $10.03 | $9.78 - $10.46 | $7.27B | $4.78B | $3.45B | $6.38B | 7 rev / 5 EPS |
| 2028-03-30 | $38.35B | $37.59B - $39.62B | $10.18 | $9.92 - $10.62 | $7.37B | $4.84B | $3.51B | $7.03B | 7 rev / 6 EPS |
| 2028-06-30 | $36.19B | $35.48B - $37.38B | $14.81 | $14.43 - $15.45 | $9.30B | $6.75B | $5.10B | $6.64B | 3 rev / 5 EPS |
| 2028-09-30 | $34.82B | $34.14B - $35.98B | $15.12 | $14.74 - $15.78 | $9.45B | $6.88B | $5.21B | $6.39B | 4 rev / 4 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 1 | $80.00 |
| Last quarter | 4 | $91.00 |
| Last year | 19 | $141.42 |
| All time | 71 | $170.80 |
Sources: StreetInsider, Benzinga, Pulse 2.0
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-10-26 | Barclays | Maintain | Equal Weight | Equal Weight |
| 2026-10-23 | JP Morgan | Maintain | Overweight | Overweight |
| 2026-08-28 | Susquehanna | Maintain | Neutral | Neutral |
| 2026-08-19 | Morgan Stanley | Downgrade | Equal Weight | Underweight |
| 2026-08-19 | Barclays | Maintain | Equal Weight | Equal Weight |
| 2026-08-19 | Benchmark | Maintain | Buy | Buy |
| 2026-07-17 | JP Morgan | Maintain | Overweight | Overweight |
| 2026-07-14 | B of A Securities | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 6 | 20 | 5 | 1 | 0 |
| 2026-09-01 | 6 | 21 | 6 | 1 | 0 |
| 2026-08-01 | 6 | 23 | 5 | 1 | 1 |
| 2026-07-01 | 6 | 23 | 5 | 0 | 1 |
| 2026-06-01 | 6 | 23 | 4 | 0 | 1 |
| 2026-05-01 | 5 | 23 | 4 | 0 | 1 |
| 2026-04-01 | 5 | 23 | 5 | 0 | 1 |
| 2026-03-01 | 5 | 23 | 5 | 0 | 1 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $129.08B | $56.64B | 43.9% | $20.43B | $10.37B | $30.85B | $5.59B | $11.76 |
| FY 2024 | $133.13B | $67.02B | 50.3% | $22.13B | $21.27B | $51.97B | $23.76B | $66.48 |
| FY 2023 | $134.60B | $69.57B | 51.7% | $24.19B | $21.86B | $49.90B | $20.32B | $55.84 |
| FY 2022 | $123.67B | $59.74B | 48.3% | $23.32B | $15.91B | $33.11B | $7.56B | $20.00 |
| FY 2021 | $124.49B | $60.18B | 48.3% | $24.94B | $10.52B | $36.76B | $10.23B | $28.64 |
| FY 2020 | $107.07B | $51.92B | 48.5% | $19.51B | $14.34B | $48.91B | $22.47B | $65.84 |
| FY 2019 | $107.41B | $44.56B | 41.5% | $18.35B | $6.31B | $24.76B | $2.06B | $6.48 |
| FY 2018 | $102.28B | $50.53B | 49.4% | $15.77B | $15.53B | $45.41B | $27.57B | $79.04 |
| FY 2017 | $84.81B | $41.75B | 49.2% | $12.93B | $15.69B | $34.65B | $18.30B | $52.72 |
| FY 2016 | $70.55B | $35.27B | 50.0% | $10.15B | $10.05B | $23.99B | $11.63B | $33.52 |
| FY 2015 | $66.38B | $38.92B | 58.6% | $10.18B | $11.67B | $44.81B | $33.66B | $118.88 |
| FY 2014 | $49.05B | $30.17B | 61.5% | $6.98B | $12.80B | $19.09B | $13.19B | $47.12 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | -$3.01B | $13.05B | -$16.43B |
| FY 2024 | $21.23B | $8.13B | $13.10B |
| FY 2023 | $36.62B | $11.19B | $25.32B |
| FY 2022 | $26.17B | $8.39B | $17.78B |
| FY 2021 | $20.12B | $11.24B | $8.88B |
| FY 2020 | $24.20B | $5.33B | $18.87B |
| FY 2019 | $28.46B | $19.12B | $9.34B |
| FY 2018 | $35.97B | $22.36B | $13.61B |
| FY 2017 | $32.88B | $13.95B | $18.93B |
| FY 2016 | $22.26B | $10.51B | $11.75B |
| FY 2015 | $19.42B | $7.77B | $11.65B |
| FY 2014 | $17.94B | $6.40B | $11.54B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $115.27B | $13.73B | $0 | $34.89B | $449.16B | $97.08B | $72.47B | $159.43B | $266.33B |
| FY 2024 | $127.44B | $14.28B | $5.99B | $41.00B | $427.78B | $79.32B | $54.49B | $144.17B | $263.62B |
| FY 2023 | $193.90B | $16.62B | $1.40B | $38.81B | $406.76B | $84.59B | $59.36B | $144.15B | $243.63B |
| FY 2022 | $174.00B | $21.14B | $1.23B | $34.34B | $390.97B | $91.35B | $38.20B | $153.17B | $223.48B |
| FY 2021 | $180.09B | $14.83B | $1.48B | $35.09B | $380.03B | $91.51B | $54.66B | $156.08B | $211.46B |
| FY 2020 | $162.18B | $11.59B | $618.0M | $27.31B | $332.71B | $82.59B | $46.81B | $140.87B | $182.70B |
| FY 2019 | $146.37B | $11.13B | $0 | $25.64B | $301.32B | $73.53B | $40.09B | $128.50B | $163.60B |
| FY 2018 | $139.26B | $8.78B | $0 | $17.90B | $297.57B | $64.90B | $37.27B | $121.81B | $162.90B |
| FY 2017 | $118.81B | $5.05B | $0 | $12.47B | $251.73B | $43.57B | $32.48B | $121.36B | $115.35B |
| FY 2016 | $89.84B | $4.87B | $0 | $11.29B | $182.00B | $44.27B | $33.37B | $84.25B | $92.27B |
| FY 2015 | $67.93B | $4.32B | $0 | $10.63B | $147.85B | $35.07B | $25.11B | $63.64B | $80.26B |
| FY 2014 | $56.55B | $4.36B | $0 | $8.71B | $99.66B | $25.87B | $12.02B | $45.16B | $51.53B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 43.9% | 8.0% | 4.3% | 1.8x | 1.8x | 2.1% | 2.1% | 3.0x | 12.5x | -5.2% | 15.8% | 39d |
| FY 2024 | 50.3% | 16.0% | 17.8% | 2.1x | 2.0x | 9.0% | 4.9% | 2.0x | 5.2x | 6.1% | 16.6% | 72d |
| FY 2023 | 51.7% | 16.2% | 15.1% | 3.0x | 3.0x | 8.3% | 5.3% | 2.6x | 7.1x | 8.5% | 18.0% | 53d |
| FY 2022 | 48.3% | 12.9% | 6.1% | 2.7x | 2.7x | 3.4% | 3.5% | 2.5x | 9.4x | 6.5% | 18.9% | 69d |
| FY 2021 | 48.3% | 8.4% | 8.2% | 2.9x | 2.8x | 4.8% | 2.3% | 3.1x | 10.4x | 2.7% | 20.0% | 52d |
| FY 2020 | 48.5% | 13.4% | 21.0% | 2.7x | 2.7x | 12.3% | 4.2% | 4.9x | 10.8x | 3.9% | 18.2% | 44d |
| FY 2019 | 41.5% | 5.9% | 1.9% | 2.9x | 2.9x | 1.3% | 2.5% | 3.2x | 14.0x | 3.0% | 17.1% | 38d |
| FY 2018 | 49.4% | 15.2% | 27.0% | 2.7x | 2.7x | 16.9% | 5.1% | 4.1x | 9.2x | 3.6% | 15.4% | 31d |
| FY 2017 | 49.2% | 18.5% | 21.6% | 1.8x | 1.8x | 15.9% | 7.6% | 6.8x | 16.7x | 3.5% | 15.2% | 22d |
| FY 2016 | 50.0% | 14.2% | 16.5% | 2.2x | 2.2x | 12.6% | 5.5% | 6.1x | 17.9x | 3.0% | 14.4% | 25d |
| FY 2015 | 58.6% | 17.6% | 50.7% | 3.0x | 3.0x | 41.9% | 8.1% | 6.8x | 10.0x | 2.7% | 15.3% | 24d |
| FY 2014 | 61.5% | 26.1% | 26.9% | 3.2x | 3.2x | 25.6% | 13.6% | 10.4x | 26.6x | 2.3% | 14.2% | 32d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | -3.0% | -15.5% | -7.7% | -51.3% | -76.5% | -82.3% | -225.4% | -64.9% | -9.6% | -100.0% | +5.0% | +22.4% |
| FY 2024 | -1.1% | -3.7% | -8.5% | -2.7% | +17.0% | +19.1% | -48.3% | +28.0% | -34.3% | +329.0% | +5.2% | -6.2% |
| FY 2023 | +8.8% | +16.4% | +3.8% | +37.4% | +168.8% | +179.2% | +42.4% | -34.6% | +11.4% | +13.8% | +4.0% | -7.4% |
| FY 2022 | -0.7% | -0.7% | -6.5% | +51.3% | -26.1% | -30.2% | +100.1% | +25.3% | -3.4% | -16.9% | +2.9% | -0.2% |
| FY 2021 | +16.3% | +15.9% | +27.8% | -26.7% | -54.5% | -56.5% | -52.9% | -110.8% | +11.0% | +139.0% | +14.2% | +10.8% |
| FY 2020 | -0.3% | +16.5% | +6.4% | +127.4% | +992.5% | +916.0% | +102.1% | +72.1% | +10.8% | 0.0% | +10.4% | +12.3% |
| FY 2019 | +5.0% | -11.8% | +16.3% | -59.4% | -92.5% | -91.8% | -31.4% | +14.5% | +5.1% | 0.0% | +1.3% | +13.3% |
| FY 2018 | +20.6% | +21.0% | +22.0% | -1.0% | +50.7% | +49.9% | -28.1% | -60.3% | +17.2% | 0.0% | +18.2% | +49.0% |
| FY 2017 | +20.2% | +18.4% | +27.4% | +56.1% | +57.3% | +57.3% | +61.1% | -32.7% | +32.2% | 0.0% | +38.3% | -1.6% |
| FY 2016 | +6.3% | -9.4% | -0.2% | -13.9% | -65.4% | -71.8% | +0.9% | -35.2% | +32.3% | 0.0% | +23.1% | +26.2% |
| FY 2015 | +35.3% | +29.0% | +45.8% | -8.8% | +155.3% | +152.3% | +0.9% | -21.6% | +20.1% | 0.0% | +48.4% | +35.5% |
| FY 2014 | +53.6% | +47.4% | +70.0% | +14.4% | +25.4% | +24.3% | +14.1% | -73.7% | +47.2% | 0.0% | +40.4% | +46.5% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $129.08B
Online Marketing Services$67.84B · 52.6%
Other Revenue Other$61.24B · 47.4%
Latest geography mixFY 2014 · $49.05B
CHINA$48.79B · 99.5%
Non Peoples Republic Of China$258.4M · 0.5%
Product revenue annual
| Period | Total | Online Marketing Services | Product and Service, Other | Online Marketing Service | Baidu Core Business | Search Services | Other Revenue Other | iQIYI | IQIYI | Transaction Services |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $129.08B | $67.84B | -- | -- | -- | -- | $61.24B | -- | -- | -- |
| FY 2023 | $134.60B | $81.20B | $53.40B | -- | -- | -- | -- | -- | -- | -- |
| FY 2022 | $123.67B | $74.71B | $48.96B | -- | -- | -- | -- | -- | -- | -- |
| FY 2021 | $124.49B | $80.69B | $43.80B | -- | -- | -- | -- | -- | -- | -- |
| FY 2020 | $107.07B | $72.84B | $34.23B | -- | -- | -- | -- | -- | -- | -- |
| FY 2019 | $107.41B | -- | $29.32B | $78.09B | -- | -- | -- | -- | -- | -- |
| FY 2018 | $102.28B | -- | $20.36B | $81.91B | -- | -- | -- | -- | -- | -- |
| FY 2017 | $170.12B | -- | -- | -- | $135.36B | -- | -- | $34.76B | -- | -- |
| FY 2016 | $71.55B | -- | -- | -- | -- | $55.38B | -- | -- | $11.28B | $4.89B |
| FY 2015 | $67.97B | -- | -- | -- | -- | $55.67B | -- | -- | $5.30B | $7.01B |
Geography revenue annual
| Period | Total | CHINA | Peoples Republic Of China | Non Peoples Republic Of China |
|---|---|---|---|---|
| FY 2014 | $49.05B | $48.79B | -- | $258.4M |
| FY 2013 | $31.94B | -- | $31.88B | $68.7M |
Transcripts82 on file
Transcripts
Events
Events
Next earnings
2026-11-16EPS est $0.95
Latest news
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Newsfile Corp · 2026-10-29