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Baidu vs Alphabet: revenue, profit, margins and growth compared

Baidu brought in $18.5B of revenue in fiscal 2025, Alphabet $402.8B in fiscal 2025. Revenue changed by +1.2% at Baidu and +15.1% at Alphabet on the year before, so Alphabet grew faster. Baidu kept 4.3% of its revenue as net profit, Alphabet 32.8%. Free cash flow was -$2.2B at Baidu and $73.3B at Alphabet.

Side by side, latest fiscal year

BIDUGOOGL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$18.5B$402.8B
Revenue growth+1.2%+15.1%
Net income$799M$132.2B
Net margin4.3%32.8%
Free cash flow-$2.2B$73.3B
Free cash flow margin-11.7%18.2%
Earnings per share (diluted)n/a$10.81
Cash$3.5B$30.7B
Debt$5.9B$49.1B
Price to earningsn/a31.7
Market value$29.7B$4.19T
Dividend yieldn/a0.24%
Rank by revenue in sector#40 of 731 · Technology#2 of 731 · Technology

Over the years

Revenue
BIDU FY2018: $14.9BBIDU FY2019: $15.4BBIDU FY2020: $16.4BBIDU FY2021: $19.5BBIDU FY2022: $17.9BBIDU FY2023: $19BBIDU FY2024: $18.2BBIDU FY2025: $18.5BGOOGL FY2018: $136.8BGOOGL FY2019: $161.9BGOOGL FY2020: $182.5BGOOGL FY2021: $257.6BGOOGL FY2022: $282.8BGOOGL FY2023: $307.4BGOOGL FY2024: $350BGOOGL FY2025: $402.8BFY18FY19FY20FY21FY22FY23FY24FY25
BIDU $18.5BGOOGL $402.8B
Net income
BIDU FY2018: $4BBIDU FY2019: $296MBIDU FY2020: $3.4BBIDU FY2021: $1.6BBIDU FY2022: $1.1BBIDU FY2023: $2.9BBIDU FY2024: $3.3BBIDU FY2025: $799MGOOGL FY2018: $30.7BGOOGL FY2019: $34.3BGOOGL FY2020: $40.3BGOOGL FY2021: $76BGOOGL FY2022: $60BGOOGL FY2023: $73.8BGOOGL FY2024: $100.1BGOOGL FY2025: $132.2BFY18FY19FY20FY21FY22FY23FY24FY25
BIDU $799MGOOGL $132.2B
Net margin
BIDU FY2018: 27.0%BIDU FY2019: 1.9%BIDU FY2020: 21.0%BIDU FY2021: 8.2%BIDU FY2022: 6.1%BIDU FY2023: 15.1%BIDU FY2024: 17.8%BIDU FY2025: 4.3%GOOGL FY2018: 22.5%GOOGL FY2019: 21.2%GOOGL FY2020: 22.1%GOOGL FY2021: 29.5%GOOGL FY2022: 21.2%GOOGL FY2023: 24.0%GOOGL FY2024: 28.6%GOOGL FY2025: 32.8%FY18FY19FY20FY21FY22FY23FY24FY25
BIDU 4.3%GOOGL 32.8%
Revenue growth
BIDU FY2019: +3.7%BIDU FY2020: +6.4%BIDU FY2021: +19.0%BIDU FY2022: -8.2%BIDU FY2023: +5.7%BIDU FY2024: -3.8%BIDU FY2025: +1.2%GOOGL FY2019: +18.3%GOOGL FY2020: +12.8%GOOGL FY2021: +41.2%GOOGL FY2022: +9.8%GOOGL FY2023: +8.7%GOOGL FY2024: +13.9%GOOGL FY2025: +15.1%FY19FY20FY21FY22FY23FY24FY25
BIDU +1.2%GOOGL +15.1%
Free cash flow
BIDU FY2018: $4BBIDU FY2019: $3.2BBIDU FY2020: $2.9BBIDU FY2021: $1.4BBIDU FY2022: $2.6BBIDU FY2023: $3.6BBIDU FY2024: $1.8BBIDU FY2025: -$2.2BGOOGL FY2018: $22.8BGOOGL FY2019: $31BGOOGL FY2020: $42.8BGOOGL FY2021: $67BGOOGL FY2022: $60BGOOGL FY2023: $69.5BGOOGL FY2024: $72.8BGOOGL FY2025: $73.3BFY18FY19FY20FY21FY22FY23FY24FY25
BIDU -$2.2BGOOGL $73.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Baidu and Alphabet

Which is bigger by revenue, Baidu or Alphabet?

Alphabet is bigger by revenue: $402.8B in fiscal 2025, against $18.5B for Baidu in fiscal 2025.

Which keeps more of its revenue as profit, Baidu or Alphabet?

Baidu had a net margin of 4.3% in fiscal 2025; Alphabet had 32.8% in fiscal 2025.

Which grew revenue faster, Baidu or Alphabet?

In their latest fiscal years revenue changed by +1.2% at Baidu and +15.1% at Alphabet.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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