iQIYI (IQ) Operating Expenses (2017 - 2026)
iQIYI (IQ) posted quarterly Operating Expenses of -$931.8 million for Q1 2026, up 1.04% year-over-year from -$922.2 million in Q1 2025, and up 1.93% quarter-over-quarter from -$950.1 million in Q4 2025.
iQIYI (IQ) Operating Expenses (2017 - 2026) Analysis & Trends
iQIYI's Operating Expenses history runs 10 years deep, the most recent figure standing at -$931.8 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 1.04% year-over-year to -$931.8 million; the TTM figure through Mar 2026 stood at -$3.8 billion (up 0.67% YoY), while the FY2025 annual figure was $3.9 billion, up 3.04% from the prior year.
- Operating Expenses for Q1 2026 stood at -$931.8 million, up from -$950.1 million in the prior quarter.
- The five-year high for Operating Expenses was -$881.0 million in Q4 2024, with the low at -$1.1 billion in Q1 2022.
- The 5-year median for Operating Expenses is -$976.5 million (2024), against an average of -$984.0 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses increased 26.81% in 2022, then dropped 7.85% in 2025.
- iQIYI's Operating Expenses stood at -$957.4 million in 2022, then declined by 0.57% to -$962.9 million in 2023, then gained by 8.51% to -$881.0 million in 2024, then fell by 7.85% to -$950.1 million in 2025, then climbed by 1.93% to -$931.8 million in 2026.
- Business Quant data shows IQ's Operating Expenses at -$931.8 million in Q1 2026, -$950.1 million in Q4 2025, and -$950.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.32 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 20.49 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 8.48 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.24 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 2.38 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 846.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 527.52 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 991.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 1.12 Bn |
| 10 | iQIYI | 8.28 Bn | 7.70 Bn | 143.26 Mn | -931.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -931.80 Mn |
| Dec 31, 2025 | -950.12 Mn |
| Sep 30, 2025 | -950.67 Mn |
| Jun 30, 2025 | -922.76 Mn |
| Mar 31, 2025 | -941.58 Mn |
| Dec 31, 2024 | -880.95 Mn |
| Sep 30, 2024 | -977.65 Mn |
| Jun 30, 2024 | -980.31 Mn |
| Mar 31, 2024 | -976.49 Mn |
| Dec 31, 2023 | -962.87 Mn |
| Sep 30, 2023 | -1.00 Bn |
| Jun 30, 2023 | -1.03 Bn |
| Mar 31, 2023 | -1.09 Bn |
| Dec 31, 2022 | -957.42 Mn |
| Sep 30, 2022 | -1.05 Bn |
| Jun 30, 2022 | -990.37 Mn |
| Mar 31, 2022 | -1.13 Bn |
| Dec 31, 2021 | -1.31 Bn |
| Sep 30, 2021 | -1.38 Bn |
| Jun 30, 2021 | -1.35 Bn |