Share-Based Awards Plan (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Baidu |
|
| Total Share-Based Compensation Cost Recognized |
The following table summarizes the total share-based compensation cost recognized by the Group:
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For the years ended December 31, |
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| Cost of revenue |
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590 |
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461 |
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|
389 |
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56 |
|
Selling, general and administrative |
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1,678 |
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1,427 |
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1,181 |
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|
169 |
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| |
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4,077 |
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2,896 |
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2,035 |
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292 |
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| Total |
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6,345 |
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4,784 |
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3,605 |
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|
517 |
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| Option Activity |
The following table summarizes the option activity for the year ended December 31, 2025:
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Weighted average remaining contractual life |
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Aggregate intrinsic value (US$ in millions) |
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Incentive share options |
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Outstanding, December 31, 2024 |
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16,363,784 |
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19 |
* |
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|
3.4 |
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— |
|
Granted |
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744,768 |
|
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11 |
* |
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Exercised |
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(1,336,600 |
) |
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12 |
* |
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Forfeited/Cancelled |
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(5,731,800 |
) |
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25 |
* |
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Outstanding, December 31, 2025 |
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10,040,152 |
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16 |
* |
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3.7 |
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25 |
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Vested and expected to vest at December 31, 2025 |
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9,908,816 |
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16 |
* |
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3.6 |
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24 |
|
Exercisable at December 31, 2025 |
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9,263,816 |
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17 |
* |
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3.2 |
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21 |
|
* |
Represents the exercise price per Class A ordinary share, and each ADS represents eight Class A ordinary shares. |
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| Assumptions Used to Estimate Fair Values of Share Options Granted |
The following table presents the assumptions used to estimate the fair values of the share options granted in the years presented:
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For the years ended December 31, |
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Risk-free interest rate |
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3.86~4.35% |
Dividend yield |
|
— |
Expected volatility range |
|
51.11%~51.64% |
Expected life (in years) |
|
5.19~5.65 |
|
| Restricted Shares Activity |
Restricted Shares activity for the year ended December 31, 2025 was as follow:
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Weighted average grant date fair value (US$) |
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Unvested, December 31, 2024 |
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82,321,904 |
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|
15 |
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55,790,824 |
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|
11 |
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|
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(29,623,776 |
) |
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16 |
|
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(14,428,184 |
) |
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13 |
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Unvested, December 31, 2025 |
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94,060,768 |
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12 |
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| iQIYI |
|
| Option Activity |
The following table sets forth the summary of employee option activity for the year ended December 31, 2025:
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Weighted average exercise price |
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Weighted average remaining contractual life |
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Aggregate Intrinsic value (US$ in millions) |
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Outstanding, December 31, 2024 |
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578,455,922 |
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0.28 |
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6.5 |
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|
73 |
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76,706,000 |
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0.01 |
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(26,876,122 |
) |
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0.24 |
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(14,490,399 |
) |
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0.00 |
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Outstanding, December 31, 2025 |
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613,795,401 |
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0.25 |
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6.0 |
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|
82 |
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Vested and expected to vest at December 31, 2025 |
|
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597,060,358 |
|
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|
0.26 |
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5.9 |
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|
78 |
|
Exercisable at December 31, 2025 |
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419,870,276 |
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0.36 |
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4.8 |
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31 |
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