iQIYI (IQ) Operating Margin (2017 - 2026)

iQIYI's Operating Margin history runs 10 years deep, the most recent figure standing at 3.67% for Q1 2026.

• In Q1 2026, Operating Margin fell 843.0% year-over-year to 3.67%; the TTM figure through Mar 2026 stood at 1.31% (down 555.0% YoY), while the FY2025 annual figure was 0.84%, down 536.0% from the prior year.
• Operating Margin was 3.67% for Q1 2026 at iQIYI, down from 0.82% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 11.92% in Q1 2024 to a low of 3.67% in Q1 2026.
• Historically, Operating Margin has averaged 4.62% across 5 years, with a median of 4.32% in 2024.
• The sharpest annual moves came in 2022 and 2026: Operating Margin surged 2352 bps in 2022, then slumped 843 bps in 2026.
• A 5-year view of Operating Margin shows it stood at 10.32% in 2022, then retreated by 3 bps to 10.04% in 2023, then slumped by 57 bps to 4.32% in 2024, then slumped by 81 bps to 0.82% in 2025, then plunged by 550 bps to 3.67% in 2026.
• The last three Operating Margin figures came in at 3.67% (Q1 2026), 0.82% (Q4 2025), and 1.82% (Q3 2025), per Business Quant data.