Alibaba 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	549,695	539,450	421,205
Gross Profit	414,374	398,062	354,845	318,992	313,612	296,084
Selling, General & Admin	261,251	188,260	157,126	145,679	151,721	136,743
Depreciation & Amortization Expenses	3,307	6,336	21,592	13,504	11,647	12,427
Research & Development	62,510	57,151	52,256	56,744	55,465	57,236
Other Operating Expenses	6,862	5,410	10,521	2,714	25,141	-
Total Operating Expenses	333,930	257,157	241,495	218,641	243,974	206,406
Operating Income	79,463	140,905	113,350	100,351	69,638	89,678
Interest Income	46,173	20,759	-9,964	-11,071	-15,702	72,794
Interest Expense	-10,048	-9,596	-7,947	-5,918	-4,909	-4,476
Other Non-Operating Income (Expense)	3,758	9,353	-1,578	-2,240	24,867	14,566
Total Non-Operating Income (Expense)	39,883	20,516	-19,489	-19,229	4,256	82,884
Pretax Income	119,346	161,421	93,861	81,122	73,894	172,562
Provision for Income Taxes	29,729	35,445	22,529	15,549	26,815	29,278
Net Income	92,810	129,470	79,741	72,509	61,959	150,308
Minority Interest in Earnings	-12	-4,133	-8,677	-7,210	-15,170	-7,294
Net Income Attributable to Preferred Dividends	-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	-22.89%	62.36%	9.97%	17.03%	-58.78%	0.70%
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)	-1.70%	-5.11%	-3.58%	-3.09%	-0.89%	2.98%
EPS (Basic)	40.00	55.12	31.60	27.68	22.96	55.60
EPS (Diluted)	37.84	53.60	31.28	27.44	22.72	54.72
EPS Growth	-23.96%	71.36%	13.99%	20.77%	-58.48%	-2.15%
Shares Outstanding	2,387	2,309	2,434	2,566	2,670	2,712
Free Cash Flow	59,235	77,537	150,506	165,422	89,450	190,336
Free Cash Flow Growth	-23.61%	-48.48%	-9.02%	84.93%	-53.00%	28.56%
Free Cash Flow Per Share	24.69	32.11	59.14	62.68	32.85	69.27
Dividends Per Share	-	7.619	7.221	6.869	-	-
Dividend Growth	-	5.52%	5.11%	-	-	-
Gross Margin	40.75%	39.95%	37.70%	36.72%	36.76%	41.28%
Operating Margin	7.82%	14.14%	12.04%	11.55%	8.16%	12.50%
Profit Margin	8.91%	12.64%	7.58%	7.55%	5.52%	19.98%
FCF Margin	5.83%	7.78%	15.99%	19.04%	10.49%	26.54%
EBITDA	79,463	183,364	157,854	147,289	117,703	137,587
EBITDA Margin	7.82%	18.40%	16.77%	16.96%	13.80%	19.18%
EBIT	79,463	140,905	113,350	100,351	69,638	89,678
EBIT Margin	7.82%	14.14%	12.04%	11.55%	8.16%	12.50%
Effective Tax Rate	24.91%	21.96%	24.00%	19.17%	36.29%	16.97%

Updated Mar 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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