iQIYI (IQ) Gross Margin (2017 - 2026)
iQIYI (IQ) posted quarterly Gross Margin of 15.94% for Q1 2026, down 883.0% year-over-year from 2.04% in Q1 2025, and down 23.64% quarter-over-quarter from 20.87% in Q4 2025.
iQIYI (IQ) Gross Margin (2017 - 2026) Analysis & Trends
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 for Q1 2026 stood at 15.94%, down from 20.87% in the prior quarter.
- The five-year high for Gross Margin was 28.96% in Q1 2024, with the low at 15.94% in Q1 2026.
- The 5-year median for Gross Margin is 23.67% (2024), against an average of 23.57%.
- The sharpest annual moves came in 2022 and 2026: Gross Margin jumped 1693 bps in 2022, then sank 883 bps in 2026.
- iQIYI's Gross Margin stood at 28.85% in 2022, then dropped by 2 bps to 28.2% in 2023, then decreased by 13 bps to 24.48% in 2024, then retreated by 15 bps to 20.87% in 2025, then decreased by 24 bps to 15.94% in 2026.
- Business Quant data shows IQ's Gross Margin at 15.94% in Q1 2026, 20.87% in Q4 2025, and 18.19% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 51.93% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 45.84% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 46.99% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 25.34% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 35.22% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 49.73% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 64.05% |
| 10 | iQIYI | 8.28 Bn | 7.70 Bn | 143.26 Mn | 15.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.94% |
| Dec 31, 2025 | 20.87% |
| Sep 30, 2025 | 18.19% |
| Jun 30, 2025 | 20.15% |
| Mar 31, 2025 | 24.77% |
| Dec 31, 2024 | 24.48% |
| Sep 30, 2024 | 22.02% |
| Jun 30, 2024 | 23.67% |
| Mar 31, 2024 | 28.96% |
| Dec 31, 2023 | 28.20% |
| Sep 30, 2023 | 27.14% |
| Jun 30, 2023 | 26.00% |
| Mar 31, 2023 | 28.66% |
| Dec 31, 2022 | 28.85% |
| Sep 30, 2022 | 23.64% |
| Jun 30, 2022 | 21.16% |
| Mar 31, 2022 | 18.05% |
| Dec 31, 2021 | 11.92% |
| Sep 30, 2021 | 7.40% |
| Jun 30, 2021 | 9.72% |