iQIYI (IQ) Gross Margin (2017 - 2026)
iQIYI's Gross Margin came in at 16.50% for the quarter ended Jun 30, 2026, down 3.64 percentage points from 20.15% a year earlier but up 0.56 percentage points from the prior quarter.
iQIYI (IQ) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, iQIYI reported Gross Margin of 17.92%, down 4.96 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 20.77%, down 4.51 percentage points from the prior year.
- Gross Margin has declined in each of the last four years, with a five-year change of -23.72 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Gross Margin was 25.28% in the year ended Dec 31, 2024 (-2.37 pp), 27.64% in the year ended Dec 31, 2023 (-11.28 pp), 38.92% in the year ended Dec 31, 2022 (-6.38 pp) and 45.30% in the year ended Dec 31, 2021 (+0.81 pp).
- The five-year range for quarterly Gross Margin is 7.40% (the quarter ended Sep 30, 2021) to 28.96% (the quarter ended Mar 31, 2024).
- Year-over-year, Gross Margin has declined for nine consecutive quarters, with an average year-over-year change of -4.56 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in the quarter ended Dec 31, 2022 (a gain of 16.93 percentage points), and the weakest in the quarter ended Mar 31, 2026 (a drop of 8.83 percentage points).
- Business Quant data shows IQ's Gross Margin at 15.94% (quarter ended Mar 31, 2026), 20.87% (quarter ended Dec 31, 2025) and 18.19% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 57.06% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 88.26% |
| 10 | iQIYI | 993.86 Mn | -1.37 Bn | 152.37 Mn | 16.50% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.50% |
| 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% |
iQIYI Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=IQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "IQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=IQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();