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Balance Sheet
Cash Flow Statement
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Income Statement
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Ratios

iQIYI (IQ) Cost of Revenue (2017 - 2025)

iQIYI has reported Cost of Revenue over the past 9 years, most recently at $758.0 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 9.02% year-over-year to $758.0 million; the TTM value through Dec 2025 reached $3.0 billion, down 1.9%, while the annual FY2025 figure was $3.1 billion, 2.42% up from the prior year.
  • Cost of Revenue for Q4 2025 was $758.0 million at iQIYI, down from $763.8 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $1.1 billion in Q1 2021 and troughed at $695.3 million in Q4 2024.
  • A 5-year average of $845.8 million and a median of $792.1 million in 2022 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: rose 18.16% in 2021 and later decreased 25.37% in 2022.
  • Year by year, Cost of Revenue stood at $1.0 billion in 2021, then decreased by 25.37% to $759.6 million in 2022, then rose by 1.17% to $768.5 million in 2023, then fell by 9.53% to $695.3 million in 2024, then grew by 9.02% to $758.0 million in 2025.
  • Business Quant data shows Cost of Revenue for IQ at $758.0 million in Q4 2025, $763.8 million in Q3 2025, and $731.8 million in Q2 2025.