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iQIYI (IQ) Tax Rate % : 4.64% (As of Sep. 2024)


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What is iQIYI Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. iQIYI's Tax Expense for the three months ended in Sep. 2024 was $2 Mil. iQIYI's Pre-Tax Income for the three months ended in Sep. 2024 was $35 Mil. Therefore, iQIYI's Tax Rate % for the quarter that ended in Sep. 2024 was 4.64%.

iQIYI Tax Rate % Historical Data

The historical data trend for iQIYI's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

iQIYI Tax Rate % Chart

iQIYI Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only -0.51 -0.33 -1.61 -248.69 3.94

iQIYI Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.83 7.49 2.58 25.32 4.64

iQIYI Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

iQIYI's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=11.211/284.67
=3.94 %

iQIYI's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=1.623/34.951
=4.64 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

iQIYI Tax Rate % Related Terms

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iQIYI Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » iQIYI Inc (NAS:IQ) » Definitions » Tax Rate %
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Traded in Other Exchanges
IQ8:Germany I1QY34:Brazil
Address
No. 21, North Road of Workers' Stadium, 4th Floor, iQIYI Youth Center, Yoolee Plaza, Chaoyang District, Beijing, CHN, 100027
Website
https://www.iqiyi.com
Iqiyi is a leading streaming video-on-demand company in China that generates revenue through a mostly subscription basis and has about 100 million paying subscribers and 500 million monthly average users on its platform. The platform also provides user-generated content in long-form videos free of charge to nonpaying users, monetized through video-brand ads and performance-based ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes in a crowded industry with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Tencent-backed Bilibili. The company is 45.5% and 5.1% owned by Baidu and Xiaomi, respectively. Baidu also held 89.3% of the voting power as of end-February 2023.