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.

• In Q1 2026, Gross Margin fell 883.0% year-over-year to 15.94%; the TTM figure through Mar 2026 stood at 18.82% (down 489.0% YoY), while the FY2025 annual figure was 20.77%, down 451.0% from the prior year.
• Gross Margin was 15.94% for Q1 2026 at iQIYI, down from 20.87% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 28.96% in Q1 2024 to a low of 15.94% in Q1 2026.
• Historically, Gross Margin has averaged 23.57% across 5 years, with a median of 23.67% in 2024.
• The sharpest annual moves came in 2022 and 2026: Gross Margin surged 1693 bps in 2022, then slumped 883 bps in 2026.
• A 5-year view of Gross Margin shows it 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.
• The last three Gross Margin figures came in at 15.94% (Q1 2026), 20.87% (Q4 2025), and 18.19% (Q3 2025), per Business Quant data.