Baidu, Inc. · Q3 2025
ReportedNov 18, 2025
Period endedSep 30, 2025
Rule of 40−15
The quarter in short
Revenue $4.38B, down 8.4% year over year and 4.1% on the quarter. EPS −$4.76. Free cash flow −$302M, up 53.8% on the quarter. Rule of 40 score −15.
Reported this quarter
Revenue
$4.38B
QoQ −4.1%
YoY −8.4%
EPS
−$4.76
QoQ —
YoY —
Free Cash Flow
−$302M
QoQ +53.8%
YoY —
Gross Margin
41.2%
QoQ −2.7 pp
YoY −9.9 pp
FCF Margin
-6.9%
QoQ +7.4 pp
YoY −14.8 pp
P/E Ratio
43.8
QoQ +454.2%
YoY +239.6%
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Sources & downloads
Company
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Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1329099.
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6-K results announcement
Filed Nov 18, 2025
HTM
Press release (EX-99.1)
Exhibit 99.1 to the 6-K
408 KB
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Filing index
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Complete submission
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Company facts (XBRL)
Every figure BIDU has reported to the SEC
R40 data
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This quarter (CSV)
Reported metrics for Q3 2025, spreadsheet-ready
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This quarter (JSON)
Metrics, dates and matched filings