iQIYI (IQ) Cost of Revenue (2017 - 2026)
iQIYI (IQ) posted Cost of Revenue of $771.0 million for Q2 2026, up 2.04% on a QoQ basis from $755.6 million in Q1 2026, and up 5.36% year-over-year from $731.8 million in Q2 2025.
Analysis
iQIYI (IQ) Cost of Revenue (2017 - 2026) Analysis & Trends
iQIYI has reported Cost of Revenue for 10 years, with the latest figure at $771.0 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 5.36% year-over-year to $771.0 million in Q2 2026; TTM through Jun 2026 was $3.0 billion, a 3.02% increase from a year earlier, with the FY2025 full-year figure at $3.1 billion, up 2.42% from the prior year.
- Cost of Revenue was $771.0 million for Q2 2026 at iQIYI, up from $755.6 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.
- Average Cost of Revenue over 5 years is $787.7 million, with a median of $777.7 million recorded in 2026.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue slipped 25.37% in 2022, then climbed 9.02% in 2025.
- Over 5 years, Cost of Revenue stood at $759.6 million in 2022, then increased by 1.17% to $768.5 million in 2023, then decreased by 9.53% to $695.3 million in 2024, then rose by 9.02% to $758.0 million in 2025, then gained by 1.71% to $771.0 million in 2026.
- The last three Cost of Revenue figures came in at $771.0 million (Q2 2026), $755.6 million (Q1 2026), and $758.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 6.04 Bn |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 3.70 Bn |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | 735.00 Mn |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | 218.77 Mn |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | 770.95 Mn |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | -23.86 Mn |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | 12.36 Mn |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | 6.31 Mn |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | 19.94 Mn |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | 15.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 770.95 Mn |
| Mar 31, 2026 | 755.56 Mn |
| Dec 31, 2025 | 757.99 Mn |
| Sep 30, 2025 | 763.84 Mn |
| Jun 30, 2025 | 731.76 Mn |
| Mar 31, 2025 | 743.73 Mn |
| Dec 31, 2024 | 695.27 Mn |
| Sep 30, 2024 | 788.32 Mn |
| Jun 30, 2024 | 784.39 Mn |
| Mar 31, 2024 | 787.51 Mn |
| Dec 31, 2023 | 768.48 Mn |
| Sep 30, 2023 | 807.31 Mn |
| Jun 30, 2023 | 824.37 Mn |
| Mar 31, 2023 | 870.61 Mn |
| Dec 31, 2022 | 759.58 Mn |
| Sep 30, 2022 | 834.11 Mn |
| Jun 30, 2022 | 795.84 Mn |
| Mar 31, 2022 | 939.67 Mn |
| Dec 31, 2021 | 1.02 Bn |
| Sep 30, 2021 | 1.09 Bn |