iQIYI (IQ) Cost of Revenue (2017 - 2026)
iQIYI (IQ) posted quarterly Cost of Revenue of $755.6 million for Q1 2026, up 1.59% year-over-year from $743.7 million in Q1 2025, and little changed quarter-over-quarter from $758.0 million in Q4 2025.
iQIYI (IQ) Cost of Revenue (2017 - 2026) Analysis & Trends
iQIYI's Cost of Revenue history runs 10 years deep, the most recent figure standing at $755.6 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 1.59% year-over-year to $755.6 million; the TTM figure through Mar 2026 stood at $3.0 billion (changed 0.08% YoY), while the FY2025 annual figure was $3.1 billion, up 2.42% from the prior year.
- Cost of Revenue for Q1 2026 stood at $755.6 million, roughly flat from $758.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $939.7 million in Q1 2022, with the low at $695.3 million in Q4 2024.
- The 5-year median for Cost of Revenue is $784.4 million (2024), against an average of $788.7 million.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue retreated 25.37% in 2022, then gained 9.02% in 2025.
- iQIYI's Cost of Revenue stood at $759.6 million in 2022, then climbed 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, then fell by 0.32% to $755.6 million in 2026.
- Business Quant data shows IQ's Cost of Revenue at $755.6 million in Q1 2026, $758.0 million in Q4 2025, and $763.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 6.04 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 13.67 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 4.62 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 5.72 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 605.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 680.99 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 556.12 Mn |
| 10 | iQIYI | 8.28 Bn | 7.70 Bn | 143.26 Mn | 755.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 755.56 Mn |
| Mar 31, 2026 | 755.56 Mn |
| Dec 31, 2025 | 757.99 Mn |
| Dec 31, 2025 | 757.99 Mn |
| Sep 30, 2025 | 763.84 Mn |
| Sep 30, 2025 | 763.84 Mn |
| Jun 30, 2025 | 731.76 Mn |
| Jun 30, 2025 | 731.76 Mn |
| Mar 31, 2025 | 743.73 Mn |
| Mar 31, 2025 | 743.73 Mn |
| Dec 31, 2024 | 695.27 Mn |
| Dec 31, 2024 | 695.27 Mn |
| Sep 30, 2024 | 788.32 Mn |
| Sep 30, 2024 | 788.32 Mn |
| Jun 30, 2024 | 784.39 Mn |
| Jun 30, 2024 | 784.39 Mn |
| Mar 31, 2024 | 787.51 Mn |
| Mar 31, 2024 | 787.51 Mn |
| Dec 31, 2023 | 768.48 Mn |
| Dec 31, 2023 | 768.48 Mn |