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	2016 - 2020
Period Ending	Sep '25 Sep 30, 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	2016 - 2020
Revenue	1,012,055	996,347	941,168	868,687	853,062	717,289	Upgrade
Revenue Growth (YoY)	5.21%	5.86%	8.34%	1.83%	18.93%	40.73%	Upgrade
Cost of Revenue	595,360	598,285	586,323	548,562	538,705	419,517	Upgrade
Gross Profit	416,695	398,062	354,845	320,125	314,357	297,772	Upgrade
Selling, General & Admin	237,633	188,260	157,126	145,679	151,721	118,515	Upgrade
Research & Development	61,692	57,151	52,256	56,744	55,465	57,236	Upgrade
Amortization of Goodwill & Intangibles	-	1,725	6,745	11,582	10,674	12,427	Upgrade
Other Operating Expenses	-207	-761	-	-	-	-	Upgrade
Operating Expenses	299,035	246,375	216,127	214,005	217,860	188,178	Upgrade
Operating Income	117,660	151,687	138,718	106,120	96,497	109,594	Upgrade
Interest Expense	-9,976	-9,596	-7,947	-5,918	-4,909	-4,476	Upgrade
Interest & Investment Income	41,098	20,759	-	-	-	72,794	Upgrade
Earnings From Equity Investments	6,737	5,966	-7,735	-8,063	14,344	6,984	Upgrade
Other Non Operating Income (Expenses)	5,937	3,387	6,157	5,823	10,523	7,582	Upgrade
EBT Excluding Unusual Items	161,456	172,203	129,193	97,962	116,455	192,478	Upgrade
Impairment of Goodwill	-6,171	-6,171	-10,521	-2,714	-25,141	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	-9,964	-11,071	-15,702	-	Upgrade
Asset Writedown	-4,611	-4,611	-14,847	-3,055	-1,718	-1,688	Upgrade
Legal Settlements	3,145	-	-	-	-	-18,228	Upgrade
Pretax Income	153,819	161,421	93,861	81,122	73,894	172,562	Upgrade
Income Tax Expense	32,418	35,445	22,529	15,549	26,815	29,278	Upgrade
Earnings From Continuing Operations	121,401	125,976	71,332	65,573	47,079	143,284	Upgrade
Minority Interest in Earnings	1,953	4,133	8,677	7,210	15,170	7,294	Upgrade
Net Income	123,354	130,109	80,009	72,783	62,249	150,578	Upgrade
Preferred Dividends & Other Adjustments	-2,079	639	268	274	290	270	Upgrade
Net Income to Common	125,433	129,470	79,741	72,509	61,959	150,308	Upgrade
Net Income Growth	42.86%	62.62%	9.93%	16.92%	-58.66%	0.77%	Upgrade
Shares Outstanding (Basic)	2,319	2,349	2,523	2,623	2,695	2,702	Upgrade
Shares Outstanding (Diluted)	2,396	2,415	2,545	2,639	2,723	2,748	Upgrade
Shares Change (YoY)	-3.23%	-5.11%	-3.58%	-3.09%	-0.89%	2.98%	Upgrade
EPS (Basic)	54.10	55.12	31.61	27.65	22.99	55.62	Upgrade
EPS (Diluted)	52.30	53.59	31.24	27.46	22.74	54.68	Upgrade
EPS Growth	51.04%	71.52%	13.79%	20.77%	-58.42%	-2.22%	Upgrade
Free Cash Flow	-26,943	77,537	150,506	165,422	89,450	190,336	Upgrade
Free Cash Flow Per Share	-11.25	32.11	59.14	62.68	32.84	69.27	Upgrade
Dividend Per Share	7.619	7.619	7.221	6.869	-	-	Upgrade
Dividend Growth	5.52%	5.52%	5.11%	-	-	-	Upgrade
Gross Margin	41.17%	39.95%	37.70%	36.85%	36.85%	41.51%	Upgrade
Operating Margin	11.63%	15.22%	14.74%	12.22%	11.31%	15.28%	Upgrade
Profit Margin	12.39%	12.99%	8.47%	8.35%	7.26%	20.95%	Upgrade
Free Cash Flow Margin	-2.66%	7.78%	15.99%	19.04%	10.49%	26.53%	Upgrade
EBITDA	160,493	194,146	183,222	153,058	144,562	157,503	Upgrade
EBITDA Margin	15.86%	19.49%	19.47%	17.62%	16.95%	21.96%	Upgrade
D&A For EBITDA	42,833	42,459	44,504	46,938	48,065	47,909	Upgrade
EBIT	117,660	151,687	138,718	106,120	96,497	109,594	Upgrade
EBIT Margin	11.63%	15.22%	14.74%	12.22%	11.31%	15.28%	Upgrade
Effective Tax Rate	21.07%	21.96%	24.00%	19.17%	36.29%	16.97%	Upgrade
Advertising Expenses	-	113,573	88,217	76,818	91,103	57,073	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.