Baidu (BIDU) Capital Expenditures (2011 - 2026)
Baidu (BIDU) posted quarterly Capital Expenditures of -$857.0 million for Q1 2026, down 114.79% year-over-year from $5.8 billion in Q1 2025, and down 203.9% quarter-over-quarter from -$282.0 million in Q4 2025.
Analysis
Baidu (BIDU) Capital Expenditures (2011 - 2026) Analysis & Trends
Baidu's Capital Expenditures history runs 12 years deep, the most recent figure standing at -$857.0 million for Q1 2026.
- In Q1 2026, Capital Expenditures fell 114.79% year-over-year to -$857.0 million; the TTM figure through Mar 2026 stood at -$2.1 billion (down 72.67% YoY), while the FY2025 annual figure was $1.7 billion, up 54.94% from the prior year.
- Capital Expenditures for Q1 2026 stood at -$857.0 million, down from -$282.0 million in the prior quarter.
- The five-year high for Capital Expenditures was -$189.0 million in Q1 2023, with the low at -$857.0 million in Q1 2026.
- The 5-year median for Capital Expenditures is -$320.0 million (2024), against an average of -$380.2 million.
- The sharpest annual moves came in 2022 and 2026: Capital Expenditures soared 57.89% in 2022, then slumped 114.79% in 2026.
- Baidu's Capital Expenditures stood at -$280.0 million in 2022, then slumped by 84.29% to -$516.0 million in 2023, then jumped by 37.98% to -$320.0 million in 2024, then rose by 11.88% to -$282.0 million in 2025, then tumbled by 203.9% to -$857.0 million in 2026.
- Business Quant data shows BIDU's Capital Expenditures at -$857.0 million in Q1 2026, -$282.0 million in Q4 2025, and -$478.0 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 44.92 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 30.12 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | -23.25 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -5.66 Bn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 1.13 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | - |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 22.95 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 17.31 Mn |
| 10 | Baidu | 3.28 Bn | -1.23 Bn | 1.76 Mn | -1.68 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.68 Bn |
| Jun 30, 2026 | -1.68 Bn |
| Mar 31, 2026 | -857.00 Mn |
| Mar 31, 2026 | -857.00 Mn |
| Dec 31, 2025 | -282.00 Mn |
| Dec 31, 2025 | -282.00 Mn |
| Sep 30, 2025 | -478.00 Mn |
| Sep 30, 2025 | -478.00 Mn |
| Jun 30, 2025 | -531.00 Mn |
| Jun 30, 2025 | -531.00 Mn |
| Mar 31, 2025 | -399.00 Mn |
| Mar 31, 2025 | -399.00 Mn |
| Dec 31, 2024 | -320.00 Mn |
| Dec 31, 2024 | -320.00 Mn |
| Sep 30, 2024 | -234.00 Mn |
| Sep 30, 2024 | -234.00 Mn |
| Jun 30, 2024 | -291.00 Mn |
| Jun 30, 2024 | -291.00 Mn |
| Mar 31, 2024 | -282.00 Mn |
| Mar 31, 2024 | -282.00 Mn |