iQIYI (IQ) Gross Margin (2017 - 2026)

iQIYI's Gross Margin history runs 10 years deep, the most recent figure standing at 15.94% for Q1 2026.

• On a quarterly basis, Gross Margin fell 883.0% year-over-year to 15.94% in Q1 2026; TTM through Mar 2026 was 18.82%, a 7267608.0% decrease from a year earlier, with the FY2025 full-year figure at 20.77%, down 451.0% from the prior year.
• Gross Margin retreated to 15.94% in Q1 2026 per IQ's latest filing, from 20.87% in the prior quarter.
• Across five years, Gross Margin topped out at 100.0% in Q3 2024 and bottomed at 15.94% in Q1 2026.
• The 5-year median for Gross Margin is 24.48% (2024), against an average of 28.16%.
• Across the five-year window, Gross Margin jumped 7286 bps in 2024 and tumbled 8181 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 28.85% in 2022, then declined by 2 bps to 28.2% in 2023, then slipped by 13 bps to 24.48% in 2024, then decreased by 15 bps to 20.87% in 2025, then slipped by 24 bps to 15.94% in 2026.
• Per Business Quant, the three latest IQ Gross Margin figures stand at 15.94% (Q1 2026), 20.87% (Q4 2025), and 18.19% (Q3 2025).