Baidu (BIDU) Cost of Revenue (2009 - 2026)
Baidu (BIDU) recorded quarterly Cost of Revenue of $2.8 billion in Q1 2026, up 8.65% quarter-over-quarter from $2.6 billion in Q4 2025, and up 17.84% on a YoY basis from $2.4 billion in Q1 2025.
Baidu (BIDU) Cost of Revenue (2009 - 2026) Analysis & Trends
Baidu's Cost of Revenue history runs 18 years deep, the most recent figure standing at $2.8 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 17.84% year-over-year to $2.8 billion; the TTM figure through Mar 2026 stood at $10.6 billion (up 11.82% YoY), while the FY2025 annual figure was $10.4 billion, up 14.38% from the prior year.
- Cost of Revenue was $2.8 billion for Q1 2026 at Baidu, up from $2.6 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $2.8 billion in Q1 2026 to a low of $2.1 billion in Q1 2024.
- Historically, Cost of Revenue has averaged $2.4 billion across 5 years, with a median of $2.4 billion in 2025.
- The sharpest annual moves came in 2023 and 2026: Cost of Revenue declined 10.03% in 2023, then grew 17.84% in 2026.
- A 5-year view of Cost of Revenue shows it stood at $2.5 billion in 2022, then slipped by 0.16% to $2.5 billion in 2023, then climbed by 0.57% to $2.5 billion in 2024, then climbed by 5.96% to $2.6 billion in 2025, then gained by 8.65% to $2.8 billion in 2026.
- The last three Cost of Revenue figures came in at $2.8 billion (Q1 2026), $2.6 billion (Q4 2025), and $2.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 103.80 Mn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 7.61 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 10.22 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 3.56 Bn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 151.47 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 238.55 Mn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 43.23 Bn |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 239.01 Mn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 189.00 Mn |
| 10 | Baidu | 4.13 Bn | -12.40 Bn | 1.88 Mn | 2.84 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.84 Bn |
| Mar 31, 2026 | 2.84 Bn |
| Dec 31, 2025 | 2.61 Bn |
| Dec 31, 2025 | 2.61 Bn |
| Sep 30, 2025 | 2.57 Bn |
| Sep 30, 2025 | 2.57 Bn |
| Jun 30, 2025 | 2.56 Bn |
| Jun 30, 2025 | 2.56 Bn |
| Mar 31, 2025 | 2.41 Bn |
| Mar 31, 2025 | 2.41 Bn |
| Dec 31, 2024 | 2.47 Bn |
| Dec 31, 2024 | 2.47 Bn |
| Sep 30, 2024 | 2.34 Bn |
| Sep 30, 2024 | 2.34 Bn |
| Jun 30, 2024 | 2.26 Bn |
| Jun 30, 2024 | 2.26 Bn |
| Mar 31, 2024 | 2.12 Bn |
| Mar 31, 2024 | 2.12 Bn |
| Dec 31, 2023 | 2.45 Bn |
| Dec 31, 2023 | 2.45 Bn |