iQIYI IQ
NASDAQ IQ
$0.98 +0.10 (+11.76%)
At close: Sep 8, 2026 · 4:00 PM EDT

iQIYI (IQ) Operating Expenses (2017 - 2026)

iQIYI (IQ) posted Operating Expenses of -$938.7 million for Q2 2026, down 0.74% on a QoQ basis from -$931.8 million in Q1 2026, and down 1.73% year-over-year from -$955.2 million in Q2 2025.

Analysis

iQIYI (IQ) Operating Expenses (2017 - 2026) Analysis & Trends

iQIYI has reported Operating Expenses for 10 years, with the latest figure at -$938.7 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 1.73% year-over-year to -$938.7 million in Q2 2026; TTM through Jun 2026 was -$3.8 billion, a 1.3% decrease from a year earlier, with the FY2025 full-year figure at -$3.9 billion, down 3.04% from the prior year.
  • Operating Expenses was -$938.7 million for Q2 2026 at iQIYI, down from -$931.8 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.
  • Average Operating Expenses over 5 years is -$981.5 million, with a median of -$969.7 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses gained 26.81% in 2022, then fell 7.85% in 2025.
  • Over 5 years, Operating Expenses stood at -$957.4 million in 2022, then retreated by 0.57% to -$962.9 million in 2023, then climbed by 8.51% to -$881.0 million in 2024, then decreased by 7.85% to -$950.1 million in 2025, then rose by 1.2% to -$938.7 million in 2026.
  • The last three Operating Expenses figures came in at -$938.7 million (Q2 2026), -$931.8 million (Q1 2026), and -$950.1 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 321.15 Bn 312.02 Bn 6.52 Bn 1.51 Bn
2 Spotify Technology 108.56 Bn 97.65 Bn 1.86 Bn 640.46 Mn
3 Tencent Music Entertainment 12.38 Bn 8.87 Bn 582.00 Mn -191.00 Mn
4 Huya 485.14 Mn 124.88 Mn 37.58 Mn -39.77 Mn
5 iQIYI 427.67 Mn -43.23 Mn 152.37 Mn -938.70 Mn
6 FuboTV 324.08 Mn -128.33 Mn 399.10 Mn 344.01 Mn
7 Kaltura 221.37 Mn 190.08 Mn 34.54 Mn 35.31 Mn
8 CuriosityStream 157.45 Mn 109.05 Mn 16.93 Mn 14.07 Mn
9 Cineverse 47.34 Mn 43.02 Mn 10.66 Mn 35.72 Mn
10 LiveOne 46.60 Mn 37.94 Mn 3.94 Mn 23.03 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -938.70 Mn
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