Alibaba Group Holding Ltd. ADR (BABA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$10.8	$8.52	-21.3%	—	$269B	—
Q4 26	$5.74	$0.62	-89.2%	—	$243.4B	—
Q3 26	$10.9	$7.09	-35.2%	—	$284.8B	—
Q2 26	$5.78	$4.36	-24.6%	—	$247.8B	—
Q1 26	$15.5	$14.8	-4.7%	—	$247.7B	—
Q4 25	$12.8	$12.5	-2.3%	—	$236.5B	—
Q3 25	$19.4	$21.4	+10.4%	—	$280.2B	—
Q2 25	$14.8	$15.1	+2.0%	—	$33.4B	—
Q1 25	$14.9	$16.4	+10.0%	—	$34.1B	—
Q4 24	$10.2	$10.1	-1.0%	—	$221.9B	—
Q3 24	$19	$19	-0.2%	—	$260.3B	—
Q2 24	$15.1	$15.6	+3.4%	—	$224.8B	—
Q1 24	$14.5	$17.4	+20.1%	—	$234.2B	—
Q4 23	$9.51	$10.7	+12.6%	—	$208.2B	—
Q3 23	$16.4	$19.3	+17.1%	—	$247.8B	—
Q2 23	$11.6	$12.9	+11.4%	—	$207.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$45.6	—	—	$1T	—
FY25	—	$55.1	—	—	$996.3B	—
FY24	—	$31.6	—	—	$941.2B	—
FY23	—	$27.7	—	—	$868.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$158.3B	$250.3B	$376.8B	$509.7B	$717.3B	$853.1B	$868.7B	$941.2B	$996.3B	$1T
YoY change	+56.5%	+58.1%	+50.6%	+35.3%	+40.7%	+18.9%	+1.83%	+8.34%	+5.86%	+2.74%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	158.3B	250.3B	376.8B	509.7B	717.3B	853.1B	868.7B	941.2B	996.3B	1T
Cost of revenue	59.5B	107B	206.9B	282.4B	421.2B	539.5B	549.7B	586.3B	598.3B	616.1B
Gross profit	98.8B	143.2B	169.9B	227.3B	296.1B	313.6B	319B	354.8B	398.1B	407.5B
Gross margin	62.4%	57.2%	45.1%	44.6%	41.3%	36.8%	36.7%	37.7%	40%	39.8%
Research & development	17.1B	22.8B	37.4B	43.1B	57.2B	55.5B	56.7B	52.3B	57.2B	66.5B
Selling, general & administrative	28.6B	43.5B	64.7B	78.9B	136.7B	151.7B	145.7B	157.1B	188.3B	278.1B
Operating expenses	45.2B	65.7B	101.4B	121B	194B	207.2B	202.4B	209.4B	244.7B	342.8B
Operating income	48.5B	70.4B	57.1B	92B	89.7B	94.8B	103.1B	123.9B	147.1B	59.7B
Operating margin	30.6%	28.1%	15.1%	18.1%	12.5%	11.1%	11.9%	13.2%	14.8%	5.83%
Non-operating income, net	5.6B	3.1B	221M	6.9B	7.6B	-14.6B	3.1B	-4.4B	-2.8B	-8B
Pretax income	60B	100.4B	96.2B	166.6B	165.6B	59.5B	89.2B	101.6B	155.5B	129.4B
Income tax	13.8B	18.2B	16.6B	20.6B	29.3B	26.8B	15.5B	22.5B	35.4B	30B
Net income	41.2B	61.4B	80.2B	140.3B	143.3B	47.1B	65.6B	71.3B	126B	102.1B
Net margin	26%	24.5%	21.3%	27.5%	20%	5.52%	7.55%	7.58%	12.6%	9.98%
EBITDA	72.8B	125B	138.5B	214.8B	218B	153.4B	155.8B	174.5B	213.7B	195.8B
EPS	17.5	25.1	34	56.8	55.6	23	27.7	31.6	55.1	45.6
Diluted EPS	17	24.5	33.4	55.9	54.7	22.7	27.4	31.3	53.6	44

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	224.8B	260.3B	221.9B	34.1B	33.4B	280.2B	236.5B	247.7B	247.8B	284.8B	243.4B	269B
Cost of revenue	139.7B	156.2B	148.1B	20.5B	20.3B	162.5B	145.6B	136.4B	150.8B	169.5B	159.4B	166.1B
Gross profit	85.1B	104.1B	73.8B	13.6B	13.1B	117.6B	90.8B	111.2B	97B	115.3B	84B	102.9B
Gross margin	37.9%	40%	33.3%	39.9%	39.1%	42%	38.4%	44.9%	39.2%	40.5%	34.5%	38.2%
Research & development	14.2B	13.5B	14.1B	1.9B	2B	14.7B	14.9B	15B	17.1B	15.5B	19B	22.5B
Selling, general & administrative	34.9B	45B	42.8B	6.4B	6B	53.5B	46.5B	60.6B	73.9B	80.3B	63.4B	60.3B
Operating expenses	49.1B	58.5B	56.9B	8.3B	7.8B	68.2B	61.5B	75.4B	90.8B	94.3B	82.2B	82.6B
Operating income	33.6B	31B	14.8B	5B	5B	47.4B	28.5B	35B	5.4B	20.2B	-848M	19.6B
Operating margin	14.9%	11.9%	6.65%	14.8%	14.9%	16.9%	12%	14.1%	2.17%	7.08%	-0.35%	7.29%
Non-operating income, net	1.4B	-8.1B	3B	-171.3M	-208.6M	-1.6B	20M	348M	981M	-9.9B	623M	-4B
Pretax income	38.3B	17.3B	9.8B	4.6B	7.1B	54.5B	18.5B	50.2B	23.9B	23.9B	31.4B	22.3B
Income tax	5.8B	5B	5.7B	1.4B	1B	11.1B	6.9B	8.9B	5.5B	8.5B	7.2B	12.8B
Net income	26.7B	10.7B	919M	3.4B	6.1B	46.4B	12B	42.4B	20.6B	15.6B	23.5B	10.4B
Net margin	11.9%	4.12%	0.41%	9.88%	18.4%	16.6%	5.06%	17.1%	8.32%	5.49%	9.66%	3.88%
EBITDA	42.5B	46B	19.8B	5.3B	7.4B	65.2B	21.8B	53.5B	27.3B	36.8B	36.2B	29.8B
EPS	10.9	5.76	1.36	10.1	18.7	21	5.36	18.6	9.04	7.04	11	4.48
Diluted EPS	10.8	5.68	1.28	9.92	18.2	20.4	5.2	18	8.72	5.92	10.4	3.68

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1.9T	3.4T	3.4T	3.7T	4.4T	2.1T	1.9T	—	310.6B	291.2B	270.4B
Enterprise value	1.9T	3.3T	3.3T	3.5T	4.1T	1.8T	1.6T	—	130.6B	256B	30.1B
Shares outstanding	18.1B	18.5B	18.7B	19B	19.6B	19.5B	19B	2.5B	2.3B	2.3B	2.3B

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	47.3	55.3	42.5	26.4	31	45.2	29.6	—	2.47	2.85	24.8
P/S	12.3	13.6	9.06	7.27	6.19	2.49	2.24	—	0.31	0.28	0.26
P/B	6.01	7.73	5.55	4.21	4.1	1.96	1.73	—	0.28	0.26	1.63
EV/EBITDA	25.9	26.5	24.1	16.2	19	12	10.4	—	0.61	1.31	2.03
EV/Sales	11.9	13.2	8.87	6.84	5.77	2.17	1.86	—	0.13	0.25	0.19
Earnings yield	2.12%	1.81%	2.35%	3.79%	3.23%	2.21%	3.38%	—	40.6%	35.1%	4.04%
FCF yield	3.35%	2.82%	2.97%	3.65%	4.25%	4.21%	8.51%	—	25%	-17.4%	-4.55%
PEG	—	—	—	—	—	—	—	—	—	—	-0.33

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	62.4%	57.2%	45.1%	44.6%	41.3%	36.8%	36.7%	37.7%	40%	39.8%	38.2%
Operating margin	30.6%	28.1%	15.1%	18.1%	12.5%	11.1%	11.9%	13.2%	14.8%	5.83%	7.29%
Net margin	26%	24.5%	21.3%	27.5%	20%	5.52%	7.55%	7.58%	12.6%	9.98%	7.04%
ROE	12.7%	14%	13%	16%	13.2%	4.35%	5.84%	6.41%	11.6%	9.07%	6.36%
ROA	8.13%	8.56%	8.31%	10.7%	8.48%	2.78%	3.74%	4.04%	6.98%	5.35%	1.56%
ROIC	14.1%	16.2%	8.65%	12.2%	9.44%	6.48%	10.7%	12.9%	12.5%	4.2%	2.96%
Return on tangible assets	19.2%	19.9%	29.6%	22.9%	15.2%	4.65%	5.93%	6.11%	10.3%	7.52%	4.86%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.94	1.89	1.3	1.91	1.7	1.66	1.81	1.79	1.55	1.28	1.36
Quick ratio	1.93	1.86	1.26	1.85	1.63	1.59	1.74	1.73	1.5	1.24	1.36
Debt / equity	0.28	0.29	0.22	0.17	0.17	0.16	0.17	0.18	0.23	0.25	0.24
Debt / assets	0.18	0.18	0.14	0.11	0.11	0.1	0.11	0.12	0.14	0.15	0.14
Net debt / EBITDA	-0.81	-0.68	-0.5	-1.01	-1.39	-1.82	-2.11	-2.09	-0.84	-0.18	-0.92
Interest coverage	23.5	29.2	19.5	33.2	38	3.89	6.25	6.67	17.2	14.2	11.5
Effective tax rate	22.9%	18.1%	17.2%	12.3%	17.7%	45%	17.4%	22.2%	22.8%	23.2%	33.5%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	8.76	13.5	20.1	26.8	36.6	43.7	45.7	373.1	424.2	441	449.6
EPS (basic)	17.5	25.1	34	56.8	55.6	23	27.7	31.6	55.1	45.6	45.6
EPS (diluted)	17	24.5	33.4	55.9	54.7	22.7	27.4	31.3	53.6	44	4.42
Book value per share	17.9	23.7	32.9	46.2	55.3	55.4	59.1	441	464.1	485.3	67
FCF per share	3.61	5.18	5.42	7.1	9.63	4.58	8.7	59.3	33	-21.9	-20.1
Cash per share	8.34	11.4	10.9	19.1	24.7	23.3	27.6	226.4	182.3	136.5	165.3
Capex per share	0.61	1.06	1.9	1.71	2.12	2.73	1.77	12.6	35.6	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	6.95%	7.84%	9.42%	6.39%	5.78%	6.25%	3.88%	3.37%	8.39%	—	—
Capex / operating cash flow	14.4%	17.1%	21.8%	14.4%	15.9%	43.1%	23.5%	24.4%	45.9%	—	—
Payout ratio	0%	—	—	—	—	0%	0%	25.2%	23.1%	33%	24%
Dividend yield	0%	—	—	—	—	0%	0%	—	9.36%	11.6%	3.86%

Yield

3.86%

trailing twelve months

Frequency

Annual

Last dividend

$1.05

ex-dividend Jun 11, 2026

Payout ratio

24%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 11, 2026	$1.05
Jun 12, 2025	$2.00
Jun 13, 2024	$1.00
Dec 20, 2023	$1.00

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$224.8B	$260.3B	$221.9B	$34.1B	$33.4B	$280.2B	$236.5B	$247.7B	$247.8B	$284.8B	$243.4B	$269B
YoY change	+8.5%	+5.08%	+6.57%	-85.4%	-85.1%	+7.61%	+6.57%	+625.9%	+642.2%	+1.67%	+2.93%	+8.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	150.8B	210.2B	203.2B	363.2B	483.4B	455.1B	524.5B	571B	428.1B	316.9B
Receivables	4.4B	7.3B	13.8B	19.8B	27.1B	32.8B	32.1B	30.7B	31.2B	36B
Inventory	957M	4.5B	8.5B	14.9B	27.9B	30.1B	28.5B	25.5B	18.9B	18.9B
Total current assets	181.9B	256.9B	270.3B	462.9B	643.4B	638.5B	698B	752.9B	674B	610.8B
Property, plant & equipment	14.4B	30B	36.5B	67.6B	123.1B	146.7B	134.2B	138.3B	144.7B	210.6B
Goodwill & intangibles	291.7B	409.2B	693.7B	699.5B	745.9B	682.5B	647.8B	597.4B	578.6B	550.6B
Total assets	506.8B	717.1B	965.1B	1.3T	1.7T	1.7T	1.8T	1.8T	1.8T	1.9T
Accounts payable	20.2B	40.4B	52B	67.2B	94.4B	107.2B	103.4B	—	—	—
Short-term debt	14.9B	6B	22.5B	7.9B	17.5B	13.8B	17.9B	34.9B	26.5B	32.5B
Total current liabilities	93.6B	135.8B	207.7B	241.9B	377.4B	383.8B	385.4B	421.5B	435.3B	476.4B
Long-term debt	76.8B	119.5B	111.8B	139.4B	163.9B	162.8B	177.6B	170.7B	221.6B	249.2B
Total liabilities	182.7B	277.7B	349.7B	433.3B	606.6B	613.4B	630.1B	652.2B	714.1B	783.3B
Shareholders' equity	324.1B	439.4B	615.4B	879.7B	1.1T	1.1T	1.1T	1.1T	1.1T	1.1T
Total debt	91.7B	125.6B	134.3B	147.3B	181.4B	176.6B	195.6B	205.6B	248.1B	281.7B
Net debt	-52B	-73.8B	-55.7B	-183.2B	-139.8B	-13.3B	2.5B	-42.5B	102.6B	150.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	574.4B	614.4B	571B	63B	54.9B	453.3B	428.1B	416.4B	373.6B	338.1B	316.9B	385.7B
Receivables	—	—	30.7B	—	—	—	31.2B	—	—	—	36B	—
Inventory	—	—	25.5B	—	—	—	18.9B	—	—	—	18.9B	—
Total current assets	758B	807.2B	752.9B	91.7B	86B	677.8B	674B	686.1B	646.6B	612.2B	610.8B	724.9B
Property, plant & equipment	—	—	138.3B	—	—	—	144.7B	—	—	—	210.6B	—
Goodwill & intangibles	616.6B	575.8B	597.4B	79.9B	79.8B	553.2B	578.6B	551.4B	550B	528.1B	550.6B	518.3B
Total assets	1.8T	1.8T	1.8T	250.4B	248.8B	1.9T	1.8T	1.8T	1.9T	1.9T	1.9T	2T
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	8.2B	26.4B	34.9B	4.2B	4.6B	21.5B	26.5B	24.6B	26.3B	24.7B	32.5B	30.6B
Total current liabilities	389.8B	448.8B	421.5B	64.9B	62.8B	457.4B	435.3B	473.6B	444.1B	459.8B	476.4B	532.3B
Long-term debt	158.6B	139.6B	170.7B	25B	23.9B	210.1B	221.6B	207.5B	255.3B	238.1B	249.2B	235.9B
Total liabilities	641.5B	678.5B	652.2B	102.6B	99.5B	760.2B	714.1B	753.8B	772.1B	772.4B	783.3B	848.2B
Shareholders' equity	1.2T	1.1T	1.1T	147.7B	149.3B	1.1T	1.1T	1.1T	1.1T	1.1T	1.1T	1.1T
Total debt	166.7B	165.9B	205.6B	29.2B	28.6B	231.5B	248.1B	232.1B	281.6B	262.7B	281.7B	266.5B
Net debt	-77B	-88.9B	-42.5B	-1.6B	2.7B	68.7B	102.6B	49B	146.5B	134.6B	150.2B	123.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	41.2B	61.4B	80.2B	140.3B	143.3B	47.1B	65.6B	71.3B	126B	102.1B
Depreciation & amortization	14.3B	22B	37.1B	42.4B	47.9B	48.1B	46.9B	44.5B	42.5B	47.1B
Stock-based compensation	16B	20.1B	37.5B	31.7B	50.1B	24B	30.8B	18.5B	14B	11.2B
Change in working capital	6.4B	8.5B	11B	13.7B	15.5B	4.5B	2.9B	1.5B	-1.2B	9.4B
Operating cash flow	76.3B	114.6B	162.5B	226.5B	260.3B	123.8B	143.5B	129.9B	182.1B	76.2B
Capital expenditure	-11B	-19.6B	-35.5B	-32.5B	-41.5B	-53.3B	-33.7B	-31.7B	-83.5B	—
Investing cash flow	-73B	-73.6B	-136.9B	-107.9B	-235.5B	-199.5B	-136.5B	-22.2B	-185.4B	59.1B
Dividends paid	0	—	—	—	—	0	0	-17.9B	-29.1B	-33.7B
Share repurchases	-13.2B	0	-10.9B	0	-773M	-61.2B	-74.7B	-88.7B	-86.7B	-7.6B
Financing cash flow	34B	16.2B	-7.4B	70.9B	30.1B	-64.4B	-65.6B	-108.2B	-76.2B	-20.6B
Net change in cash	37.3B	57.2B	18.2B	189.5B	54.9B	-140.2B	-58.6B	-570M	-79.5B	114.7B
Free cash flow	65.3B	96B	101.3B	135.2B	188.6B	89.4B	165.4B	149.7B	77.5B	-50.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	20.7B	10.1B	36B	9.4B	22.9B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	—	—	—	—	—	—	—	—	—	—	—	—
Net change in cash	—	—	—	—	—	—	—	20.7B	10.1B	36B	9.4B	22.9B
Free cash flow	49.2B	64.7B	-9.6B	4.7B	261.6M	70.9B	-58.5B	20.7B	10.1B	36B	-117.5B	22.9B

Alibaba Group Holding Ltd. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement