iQIYI (IQ) Invested Capital (2017 - 2026)

For the year ended Dec 31, 2025, iQIYI reported Invested Capital of $2.81 billion, up 9.8% from the prior year.

• Annual Invested Capital has increased for three straight years, with a five-year compound annual growth rate of 6.8% (years ended Dec 2020 to Dec 2025).
• Across earlier years, Invested Capital came in at $2.56 billion in the year ended Dec 31, 2024 (+13.9%), $2.24 billion in the year ended Dec 31, 2023 (+59.7%), $1.41 billion in the year ended Dec 31, 2022 (-11.4%) and $1.59 billion in the year ended Dec 31, 2021 (-21.7%).
• Quarterly Invested Capital has ranged from $1.36 billion in the quarter ended Dec 31, 2022 to $1.37 trillion in the quarter ended Sep 30, 2022 over the past five years.
• On a year-over-year basis, Invested Capital has increased for 11 consecutive quarters, with growth averaging 12.4% over the last eight quarters.
• Peak year-over-year performance for Invested Capital in the last five years was growth of 61.6% in the quarter ended Dec 31, 2023, against a decline of 99.9% in the quarter ended Sep 30, 2023 at the low end.
• Per Business Quant, the preceding three quarters came in at $2.91 billion (quarter ended Mar 31, 2026), $2.81 billion (quarter ended Dec 31, 2025) and $2.71 billion (quarter ended Sep 30, 2025).