iQIYI (IQ) Net Margin (2017 - 2026)
iQIYI (IQ) posted Net Margin of 4.57% for Q2 2026, up 3.35% on a QoQ basis from 4.73% in Q1 2026, and down 256.0% year-over-year from 2.93% in Q2 2025.
Analysis
iQIYI (IQ) Net Margin (2017 - 2026) Analysis & Trends
iQIYI has reported Net Margin for 10 years, with the latest figure at 4.57% in Q2 2026.
- On a quarterly basis, Net Margin fell 256.0% year-over-year to 4.57% in Q2 2026; TTM through Jun 2026 was 3.24%, a 356.0% decrease from a year earlier, with the FY2025 full-year figure at 0.76%, down 337.0% from the prior year.
- Net Margin was 4.57% for Q2 2026 at iQIYI, up from 4.73% in the prior quarter.
- The five-year high for Net Margin was 8.27% in Q1 2024, with the low at 5.29% in Q3 2022.
- Average Net Margin over 5 years is 1.04%, with a median of 1.62% recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Net Margin surged 2815 bps in 2022, then sank 891 bps in 2024.
- Over 5 years, Net Margin stood at 4.01% in 2022, then surged by 51 bps to 6.05% in 2023, then sank by 147 bps to 2.86% in 2024, then jumped by 97 bps to 0.09% in 2025, then slumped by 5242 bps to 4.57% in 2026.
- The last three Net Margin figures came in at 4.57% (Q2 2026), 4.73% (Q1 2026), and 0.09% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 27.08% |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 11.41% |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | - |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | 2.09% |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | -4.57% |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | -48.15% |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | -11.82% |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | 38.21% |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | -18.86% |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | -14.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.57% |
| Mar 31, 2026 | -4.73% |
| Dec 31, 2025 | -0.09% |
| Sep 30, 2025 | -3.73% |
| Jun 30, 2025 | -2.02% |
| Mar 31, 2025 | 2.53% |
| Dec 31, 2024 | -2.86% |
| Sep 30, 2024 | 3.17% |
| Jun 30, 2024 | 0.92% |
| Mar 31, 2024 | 8.27% |
| Dec 31, 2023 | 6.05% |
| Sep 30, 2023 | 5.94% |
| Jun 30, 2023 | 4.68% |
| Mar 31, 2023 | 7.40% |
| Dec 31, 2022 | 4.01% |
| Sep 30, 2022 | -5.29% |
| Jun 30, 2022 | -3.21% |
| Mar 31, 2022 | 2.32% |
| Dec 31, 2021 | -24.14% |
| Sep 30, 2021 | -22.85% |