Alibaba Group Holding Income Statement

Financials in millions CNY. Fiscal year is April - March.

Millions CNY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	1,016,744	996,347	941,168	868,687	853,062	717,289
Revenue Growth (YoY)	3.56%	5.86%	8.34%	1.83%	18.93%	40.73%
Cost of Revenue	602,370	598,285	586,323	548,562	538,705	419,517
Gross Profit	414,374	398,062	354,845	320,125	314,357	297,772
Selling, General & Admin	261,251	188,260	157,126	145,679	151,721	118,515
Research & Development	62,510	57,151	52,256	56,744	55,465	57,236
Amortization of Goodwill & Intangibles	-	1,725	6,745	11,582	10,674	12,427
Other Operating Expenses	-1,672	-761	-	-	-	-
Operating Expenses	320,785	246,375	216,127	214,005	217,860	188,178
Operating Income	93,589	151,687	138,718	106,120	96,497	109,594
Interest Expense	-10,048	-9,596	-7,947	-5,918	-4,909	-4,476
Interest & Investment Income	46,173	20,759	-	-	-	72,794
Earnings From Equity Investments	3,824	5,966	-7,735	-8,063	14,344	6,984
Other Non Operating Income (Expenses)	915	3,387	6,157	5,823	10,523	7,582
EBT Excluding Unusual Items	134,453	172,203	129,193	97,962	116,455	192,478
Impairment of Goodwill	-9,515	-6,171	-10,521	-2,714	-25,141	-
Gain (Loss) on Sale of Investments	-	-	-9,964	-11,071	-15,702	-
Asset Writedown	-4,611	-4,611	-14,847	-3,055	-1,718	-1,688
Legal Settlements	-	-	-	-	-	-18,228
Pretax Income	120,327	161,421	93,861	81,122	73,894	172,562
Income Tax Expense	29,729	35,445	22,529	15,549	26,815	29,278
Earnings From Continuing Operations	90,598	125,976	71,332	65,573	47,079	143,284
Minority Interest in Earnings	12	4,133	8,677	7,210	15,170	7,294
Net Income	90,610	130,109	80,009	72,783	62,249	150,578
Preferred Dividends & Other Adjustments	-2,200	639	268	274	290	270
Net Income to Common	92,810	129,470	79,741	72,509	61,959	150,308
Net Income Growth	-25.06%	62.62%	9.93%	16.92%	-58.66%	0.77%
Shares Outstanding (Basic)	2,318	2,349	2,523	2,623	2,695	2,702
Shares Outstanding (Diluted)	2,399	2,415	2,545	2,639	2,723	2,748
Shares Change (YoY)	-1.69%	-5.11%	-3.58%	-3.09%	-0.89%	2.98%
EPS (Basic)	40.04	55.12	31.61	27.65	22.99	55.62
EPS (Diluted)	38.64	53.59	31.24	27.46	22.74	54.68
EPS Growth	-21.61%	71.52%	13.79%	20.77%	-58.42%	-2.22%
Free Cash Flow	8,351	77,537	150,506	165,422	89,450	190,336
Free Cash Flow Per Share	3.48	32.11	59.14	62.68	32.84	69.27
Dividend Per Share	-	7.619	7.221	6.869	-	-
Dividend Growth	-	5.52%	5.11%	-	-	-
Gross Margin	40.76%	39.95%	37.70%	36.85%	36.85%	41.51%
Operating Margin	9.21%	15.22%	14.74%	12.22%	11.31%	15.28%
Profit Margin	9.13%	12.99%	8.47%	8.35%	7.26%	20.95%
Free Cash Flow Margin	0.82%	7.78%	15.99%	19.04%	10.49%	26.53%
EBITDA	138,660	194,146	183,222	153,058	144,562	157,503
EBITDA Margin	13.64%	19.49%	19.47%	17.62%	16.95%	21.96%
D&A For EBITDA	45,071	42,459	44,504	46,938	48,065	47,909
EBIT	93,589	151,687	138,718	106,120	96,497	109,594
EBIT Margin	9.21%	15.22%	14.74%	12.22%	11.31%	15.28%
Effective Tax Rate	24.71%	21.96%	24.00%	19.17%	36.29%	16.97%
Advertising Expenses	-	113,573	88,217	76,818	91,103	57,073

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.