Alibaba Income Statement

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

Millions CNY. Fiscal year is Apr - Mar.

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	+20 Quarters
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021	Dec '20 Dec 31, 2020	Sep '20 Sep 30, 2020	+20 Quarters
Revenue	247,652	236,454	280,154	236,503	243,236	221,874	260,348	224,790	234,156	208,200	247,756	207,176	205,555	204,052	242,580	200,690	205,740	187,395	221,084	155,059	Upgrade
Revenue Growth (YoY)	1.82%	6.57%	7.61%	5.21%	3.88%	6.57%	5.08%	8.50%	13.91%	2.03%	2.13%	3.23%	-0.09%	8.89%	9.72%	29.43%	33.81%	63.93%	36.93%	30.28%	Upgrade
Cost of Revenue	136,429	145,626	162,524	144,029	146,106	148,098	156,214	139,664	142,347	137,690	150,005	131,210	129,657	138,200	146,658	129,750	124,097	123,766	121,268	89,960	Upgrade
Gross Profit	111,223	90,828	117,630	92,474	97,130	73,776	104,134	85,126	91,809	70,510	97,751	75,966	75,898	65,852	95,922	70,940	81,643	63,629	99,816	65,099	Upgrade
Selling, General & Admin	60,576	46,510	53,526	42,248	42,831	42,845	45,044	34,893	34,344	37,763	40,955	32,950	34,011	34,615	45,171	37,731	34,204	34,659	34,035	29,332	Upgrade
Research & Development	15,001	14,934	14,662	14,182	13,373	14,085	13,488	14,218	10,465	13,880	13,521	15,150	14,193	10,944	15,705	15,297	13,519	13,302	13,607	19,245	Upgrade
Other Operating Expenses	-149	86	4	-851	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Upgrade
Operating Expenses	76,235	57,752	69,628	57,228	57,996	44,164	61,049	51,542	47,288	51,326	57,195	50,829	50,955	47,417	63,713	55,934	50,796	51,376	50,814	51,465	Upgrade
Operating Income	34,988	33,076	48,002	35,246	39,134	29,612	43,085	33,584	44,521	19,184	40,556	25,137	24,943	18,435	32,209	15,006	30,847	12,253	49,002	13,634	Upgrade
Interest Expense	-2,478	-10,012	-2,485	-2,427	-2,188	-2,177	-2,132	-1,854	-1,784	-1,736	-1,550	-1,388	-1,244	-22,195	-1,186	-1,267	-1,267	-1,160	-1,092	-1,101	Upgrade
Interest & Investment Income	17,376	-	11,146	18,607	-	-	-	5,136	-	-	15,516	-	5,369	-	18,361	-	14,101	111	40,036	10,510	Upgrade
Earnings From Equity Investments	1,013	354	3,129	978	1,505	-3,208	-1,613	-5,764	2,850	446	-893	-4,136	-3,480	3,282	-549	5,518	6,093	5,992	-3,601	4,244	Upgrade
Other Non Operating Income (Expenses)	348	20	4,588	-1,478	257	2,963	439	1,391	1,364	1,308	1,462	2,944	109	1,620	5,083	1,663	2,157	2,115	2,826	1,148	Upgrade
EBT Excluding Unusual Items	51,247	23,438	64,380	50,926	38,708	27,190	39,779	32,493	46,951	19,202	55,091	22,557	25,697	1,142	53,918	20,920	51,931	19,311	87,171	28,435	Upgrade
Impairment of Goodwill	-	-	-6,171	-	-	-	-8,490	-	-2,031	-	-2,714	-	-	-	-25,141	-	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-1,478	-5,702	-3,500	-	-5,898	10,496	-	-42,452	-	-15,702	-	-11,456	-	-	-	-	Upgrade
Asset Writedown	-	-4,611	-626	-	-	-14,847	-12,084	-	-	-3,944	-2,811	-	-	-1,718	-	-	-	-1,688	-	-	Upgrade
Legal Settlements	-	-	-	-	-3,145	-	-	-	-	-	-	-	-	-	-	-	-	-18,228	-	-	Upgrade
Pretax Income	51,247	18,827	57,583	50,926	34,085	6,641	15,705	32,493	39,022	25,754	49,566	-19,895	25,697	-16,278	28,777	9,464	51,931	-605	87,171	28,435	Upgrade
Income Tax Expense	8,865	6,854	11,149	7,379	10,063	5,722	4,988	5,797	6,022	3,758	3,820	2,572	5,399	2,079	9,553	6,087	9,096	7,049	9,194	1,911	Upgrade
Earnings From Continuing Operations	42,382	11,973	46,434	43,547	24,022	919	10,717	26,696	33,000	21,996	45,746	-22,467	20,298	-18,357	19,224	3,377	42,835	-7,654	77,977	26,524	Upgrade
Minority Interest in Earnings	-1,733	586	2,693	486	368	2,446	3,838	1,151	1,242	1,648	1,167	2,034	2,361	2,241	8,585	2,111	2,233	2,288	1,558	2,352	Upgrade
Net Income	40,649	12,559	49,127	44,033	24,390	3,365	14,555	27,847	34,242	23,644	46,913	-20,433	22,659	-16,116	27,809	5,488	45,068	-5,366	79,535	28,876	Upgrade
Preferred Dividends & Other Adjustments	-2,467	177	182	159	121	95	122	141	-90	128	98	128	-80	125	117	121	-73	113	108	107	Upgrade
Net Income to Common	43,116	12,382	48,945	43,874	24,269	3,270	14,433	27,706	34,332	23,516	46,815	-20,561	22,739	-16,241	27,692	5,367	45,141	-5,479	79,427	28,769	Upgrade
Net Income Growth	66.66%	273.22%	237.53%	58.13%	-28.77%	-85.77%	-68.97%	-	51.12%	-	68.70%	-	-49.72%	-	-65.04%	-80.99%	-5.19%	-	52.44%	-60.22%	Upgrade
Shares Outstanding (Basic)	2,321	2,311	2,323	2,345	2,416	2,470	2,517	2,542	2,562	2,581	2,601	2,646	2,662	2,675	2,690	2,695	2,719	2,707	2,705	2,700	Upgrade
Shares Outstanding (Diluted)	2,393	2,394	2,400	2,415	2,449	2,498	2,540	2,566	2,576	2,610	2,614	2,646	2,673	2,675	2,715	2,724	2,755	2,753	2,753	2,745	Upgrade
Shares Change (YoY)	-2.31%	-4.14%	-5.52%	-5.87%	-4.92%	-4.32%	-2.83%	-3.02%	-3.63%	-2.43%	-3.70%	-2.89%	-2.97%	-2.83%	-1.39%	-0.77%	0.51%	0.93%	2.94%	4.12%	Upgrade
EPS (Basic)	18.57	5.36	21.07	18.71	10.04	1.32	5.73	10.90	13.40	9.11	18.00	-7.77	8.54	-6.07	10.30	1.99	16.60	-2.02	29.36	10.65	Upgrade
EPS (Diluted)	17.98	5.17	20.39	18.17	9.89	1.30	5.65	10.77	13.30	9.00	17.91	-7.77	8.48	-6.07	10.19	1.97	16.39	-2.02	28.85	10.47	Upgrade
EPS Growth	81.85%	296.44%	260.77%	68.67%	-25.66%	-85.52%	-68.44%	-	56.85%	-	75.69%	-	-48.25%	-	-64.67%	-81.20%	-5.61%	-	47.55%	-61.92%	Upgrade
Free Cash Flow	-18,004	-58,452	39,140	13,947	33,636	-8,747	64,716	49,231	45,306	-2,929	87,370	47,112	33,869	-60,349	80,366	35,830	33,603	-17,267	103,208	54,296	Upgrade
Free Cash Flow Per Share	-7.52	-24.41	16.31	5.78	13.73	-3.50	25.48	19.19	17.59	-1.12	33.42	17.81	12.67	-22.56	29.61	13.15	12.20	-6.27	37.49	19.78	Upgrade
Dividend Per Share	-	7.619	-	-	-	7.221	-	-	-	6.869	-	-	-	-	-	-	-	-	-	-	Upgrade
Dividend Growth	-	5.52%	-	-	-	5.11%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Upgrade
Gross Margin	44.91%	38.41%	41.99%	39.10%	39.93%	33.25%	40.00%	37.87%	39.21%	33.87%	39.45%	36.67%	36.92%	32.27%	39.54%	35.35%	39.68%	33.95%	45.15%	41.98%	Upgrade
Operating Margin	14.13%	13.99%	17.13%	14.90%	16.09%	13.35%	16.55%	14.94%	19.01%	9.21%	16.37%	12.13%	12.13%	9.03%	13.28%	7.48%	14.99%	6.54%	22.16%	8.79%	Upgrade
Profit Margin	17.41%	5.24%	17.47%	18.55%	9.98%	1.47%	5.54%	12.32%	14.66%	11.29%	18.90%	-9.92%	11.06%	-7.96%	11.42%	2.67%	21.94%	-2.92%	35.93%	18.55%	Upgrade
Free Cash Flow Margin	-7.27%	-24.72%	13.97%	5.90%	13.83%	-3.94%	24.86%	21.90%	19.35%	-1.41%	35.27%	22.74%	16.48%	-29.58%	33.13%	17.85%	16.33%	-9.21%	46.68%	35.02%	Upgrade
EBITDA	42,686	50,565	56,639	43,661	47,052	46,887	52,331	42,407	53,681	34,156	53,200	35,013	34,389	37,438	41,588	24,719	40,817	31,208	59,301	22,831	Upgrade
EBITDA Margin	17.24%	21.39%	20.22%	18.46%	19.34%	21.13%	20.10%	18.87%	22.93%	16.41%	21.47%	16.90%	16.73%	18.35%	17.14%	12.32%	19.84%	16.65%	26.82%	14.72%	Upgrade
D&A For EBITDA	7,698	17,489	8,637	8,415	7,918	17,275	9,246	8,823	9,160	14,972	12,644	9,876	9,446	19,003	9,379	9,713	9,970	18,955	10,299	9,197	Upgrade
EBIT	34,988	33,076	48,002	35,246	39,134	29,612	43,085	33,584	44,521	19,184	40,556	25,137	24,943	18,435	32,209	15,006	30,847	12,253	49,002	13,634	Upgrade
EBIT Margin	14.13%	13.99%	17.13%	14.90%	16.09%	13.35%	16.55%	14.94%	19.01%	9.21%	16.37%	12.13%	12.13%	9.03%	13.28%	7.48%	14.99%	6.54%	22.16%	8.79%	Upgrade
Effective Tax Rate	17.30%	36.41%	19.36%	14.49%	29.52%	86.16%	31.76%	17.84%	15.43%	14.59%	7.71%	-	21.01%	-	33.20%	64.32%	17.52%	-	10.55%	6.72%	Upgrade

Updated Aug 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q