Alibaba Group Holding Limited Financials
Alibaba Group Holding Limited (BABA) reported $148.4B in revenue for fiscal year 2026, up 8.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Alibaba's revenue resilience masks an operating-profit squeeze that is weakening cash conversion and narrowing liquidity.
Revenue reached$148.4B while gross margin held at39.8% , yet operating margin compressed sharply; this places the main strain below direct costs rather than in the core gross economics. Net income fell to$15.0B while operating cash flow nearly halved to$11.0B , making earnings quality weaker because accounting profit translated into less cash.
Cash of
Operating cash flow of
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Alibaba Group Holding Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Alibaba Group Holding Limited has an operating margin of 4.9%, meaning the company retains $5 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is down from 14.1% the prior year.
Alibaba Group Holding Limited's revenue grew 8.1% year-over-year to $148.4B, a solid pace of expansion. This earns a growth score of 56/100.
Alibaba Group Holding Limited has a moderate D/E ratio of 0.74. This balance of debt and equity financing earns a leverage score of 52/100.
Alibaba Group Holding Limited's current ratio of 1.28 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Alibaba Group Holding Limited, and counted as zero in the overall score.
Alibaba Group Holding Limited's ROE of 9.8% shows moderate profitability relative to equity, earning a score of 59/100. This is down from 12.9% the prior year.
Alibaba Group Holding Limited passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Alibaba Group Holding Limited generates $0.74 in operating cash flow ($11.0B OCF vs $15.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Alibaba Group Holding Limited earns $5.12 in operating income for every $1 of interest expense ($7.3B vs $1.4B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Alibaba Group Holding Limited generated $148.4B in revenue in fiscal year 2026. This represents an increase of 8.1% from the prior year.
Alibaba Group Holding Limited reported $15.0B in net income in fiscal year 2026. This represents a decrease of 16.2% from the prior year.
Alibaba Group Holding Limited earned $0.80 per diluted share (EPS) in fiscal year 2026.
Not reported for fiscal year 2026.
Cash & Balance Sheet
Alibaba Group Holding Limited held $19.1B in cash as of fiscal year 2026; long-term debt is not reported for that period.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Alibaba Group Holding Limited's gross margin was 39.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Alibaba Group Holding Limited's operating margin was 4.9% in fiscal year 2026, reflecting core business profitability. This is down 9.2 percentage points from the prior year.
Alibaba Group Holding Limited's net profit margin was 10.1% in fiscal year 2026, showing the share of revenue converted to profit. This is down 2.9 percentage points from the prior year.
Alibaba Group Holding Limited's ROE was 9.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 3.1 percentage points from the prior year.
Capital Allocation
Alibaba Group Holding Limited invested $9.6B in research and development in fiscal year 2026. This represents an increase of 22.5% from the prior year.
Alibaba Group Holding Limited spent $1.1B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 90.7% from the prior year.
Not reported for fiscal year 2026.
BABA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $148.4B+8.1% | $137.3B+5.3% | $130.3B+3.1% | $126.5B-6.0% | $134.6B+22.9% | $109.5B+52.1% | $72.0B+28.2% | $56.2B+40.7% | $39.9B+73.5% | $23.0B+46.6% | $15.7B+27.6% | $12.3B |
| Cost of Revenue | $89.3B+8.3% | $82.4B+1.5% | $81.2B+1.5% | $80.0B-5.9% | $85.1B+32.4% | $64.3B+61.2% | $39.9B+29.3% | $30.8B+80.7% | $17.1B+97.5% | $8.6B+62.2% | $5.3B+38.6% | $3.8B |
| Gross Profit | $59.1B+7.7% | $54.9B+11.6% | $49.1B+5.8% | $46.4B-6.1% | $49.5B+9.5% | $45.2B+40.8% | $32.1B+26.8% | $25.3B+10.9% | $22.8B+59.1% | $14.4B+38.6% | $10.4B+22.6% | $8.4B |
| R&D Expenses | $9.6B+22.5% | $7.9B+8.8% | $7.2B-12.4% | $8.3B-5.6% | $8.7B+0.1% | $8.7B+43.6% | $6.1B+9.1% | $5.6B+53.7% | $3.6B+46.3% | $2.5B+15.9% | $2.1B+24.3% | $1.7B |
| SG&A Expenses | $4.8B-21.3% | $6.1B+4.8% | $5.8B-5.3% | $6.1B+22.0% | $5.0B-40.3% | $8.4B+111.7% | $4.0B+7.4% | $3.7B+43.2% | $2.6B+45.6% | $1.8B+24.5% | $1.4B+13.5% | $1.3B |
| Operating Income | $7.3B-62.6% | $19.4B+23.7% | $15.7B+7.4% | $14.6B+33.0% | $11.0B-19.7% | $13.7B+6.0% | $12.9B+51.8% | $8.5B-23.0% | $11.1B+58.3% | $7.0B+54.7% | $4.5B+20.9% | $3.7B |
| Interest Expense | $1.4B+7.3% | $1.3B+20.2% | $1.1B+27.7% | $862.0M+11.4% | $774.0M+13.3% | $683.0M-6.6% | $731.0M-5.4% | $773.0M+36.1% | $568.0M+46.4% | $388.0M+28.9% | $301.0M-32.1% | $443.0M |
| Income Tax | $4.4B-10.8% | $4.9B+56.5% | $3.1B+37.8% | $2.3B-46.5% | $4.2B-5.3% | $4.5B+53.9% | $2.9B+17.8% | $2.5B-15.0% | $2.9B+44.9% | $2.0B+52.8% | $1.3B+26.6% | $1.0B |
| Net Income | $15.0B-16.2% | $17.9B+61.8% | $11.1B+4.6% | $10.6B+7.9% | $9.8B-57.3% | $23.0B+8.9% | $21.1B+61.2% | $13.1B+28.2% | $10.2B+61.0% | $6.3B-42.8% | $11.1B+183.2% | $3.9B |
| EPS (Diluted) | $0.80 | $0.92+70.4% | $0.54+8.0% | $0.50+11.1% | $0.45-56.7% | $1.04+5.1% | $0.99 | $0.62 | $3.91+58.3% | $2.47-43.0% | $4.33+177.6% | $1.56 |
BABA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $276.8B+11.3% | $248.6B+1.7% | $244.4B-4.2% | $255.3B-4.6% | $267.5B+3.7% | $258.0B+39.1% | $185.4B+28.9% | $143.8B+25.8% | $114.3B+55.3% | $73.6B+30.3% | $56.5B+37.2% | $41.2B |
| Current Assets | $88.5B-4.7% | $92.9B-10.9% | $104.3B+2.6% | $101.6B+0.9% | $100.7B+2.6% | $98.2B+50.2% | $65.4B+62.3% | $40.3B-1.7% | $40.9B+55.0% | $26.4B+27.1% | $20.8B-9.3% | $22.9B |
| Cash & Equivalents | $19.1B-4.9% | $20.0B-41.7% | $34.4B+22.2% | $28.1B-6.1% | $30.0B-38.9% | $49.0B+5.1% | $46.7B+64.9% | $28.3B-10.9% | $31.8B+38.7% | $22.9B+47.7% | $15.5B-7.5% | $16.8B |
| Goodwill | $35.9B+1.9% | $35.2B-2.1% | $36.0B-7.9% | $39.0B-8.2% | $42.5B-4.8% | $44.7B+14.3% | $39.1B-1.0% | $39.5B+52.7% | $25.9B+41.9% | $18.2B+43.9% | $12.7B+87.2% | $6.8B |
| Total Liabilities | $113.6B+15.4% | $98.4B+8.9% | $90.3B-1.5% | $91.8B-5.2% | $96.8B+4.5% | $92.6B+51.3% | $61.2B+17.5% | $52.1B+17.7% | $44.3B+66.8% | $26.5B+49.4% | $17.8B+13.1% | $15.7B |
| Current Liabilities | $69.1B+15.1% | $60.0B+2.8% | $58.4B+4.0% | $56.1B-7.3% | $60.5B+5.1% | $57.6B+68.6% | $34.2B+10.4% | $30.9B+42.9% | $21.7B+59.3% | $13.6B+68.4% | $8.1B+26.1% | $6.4B |
| Total Equity | $153.8B+10.5% | $139.2B+1.8% | $136.6B-5.2% | $144.1B-3.7% | $149.6B+4.6% | $143.1B+34.1% | $106.7B+45.4% | $73.3B+25.8% | $58.3B+44.0% | $40.5B+20.4% | $33.7B+43.4% | $23.5B |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Long-Term Debt, Retained Earnings.
BABA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.0B-51.0% | $22.5B-10.9% | $25.3B-13.1% | $29.1B+29.2% | $22.5B-36.3% | $35.4B+38.7% | $25.5B+13.4% | $22.5B+12.7% | $20.0B+71.0% | $11.7B+32.4% | $8.8B+32.6% | $6.6B |
| Investing Cash Flow | -$9.8B+61.8% | -$25.6B-745.2% | -$3.0B+84.7% | -$19.7B+37.0% | -$31.3B+15.9% | -$37.3B-144.2% | -$15.3B+32.2% | -$22.5B-68.3% | -$13.4B-17.5% | -$11.4B | N/A | N/A |
| Financing Cash Flow | -$3.0B+71.6% | -$10.5B+29.9% | -$15.0B-56.9% | -$9.6B+6.0% | -$10.2B-321.5% | $4.6B-54.1% | $10.0B+1008.8% | -$1.1B-133.9% | $3.2B-32.1% | $4.8B | N/A | N/A |
| Dividends Paid | $4.9B+22.0% | $4.0B+61.2% | $2.5B | N/A | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.1B-90.7% | $11.9B-2.8% | $12.3B+12.9% | $10.9B+12.7% | $9.7B+8084.7% | $118.0M | N/A | $1.6B | N/A | $1.9B-37.6% | $3.1B+6877.3% | $44.0M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
BABA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.8%-0.1pp | 40.0%+2.3pp | 37.7%+1.0pp | 36.7%0.0pp | 36.8%-4.5pp | 41.3%-3.3pp | 44.6%-0.5pp | 45.1%-12.1pp | 57.2%-5.2pp | 62.4%-3.6pp | 66.0%-2.7pp | 68.7% |
| Operating Margin | 4.9%-9.2pp | 14.1%+2.1pp | 12.0%+0.5pp | 11.6%+3.4pp | 8.2%-4.3pp | 12.5%-5.4pp | 17.9%+2.8pp | 15.2%-12.6pp | 27.7%-2.7pp | 30.4%+1.6pp | 28.8%-1.6pp | 30.4% |
| Net Margin | 10.1%-2.9pp | 13.1%+4.6pp | 8.5%+0.1pp | 8.4%+1.1pp | 7.3%-13.7pp | 21.0%-8.3pp | 29.3%+6.0pp | 23.3%-2.3pp | 25.6%-2.0pp | 27.6%-43.1pp | 70.7%+38.8pp | 31.8% |
| Return on Equity | 9.8%-3.1pp | 12.9%+4.8pp | 8.1%+0.8pp | 7.3%+0.8pp | 6.6%-9.5pp | 16.1%-3.7pp | 19.8%+1.9pp | 17.8%+0.3pp | 17.5%+1.8pp | 15.7%-17.3pp | 32.9%+16.2pp | 16.7% |
| Return on Assets | 5.4%-1.8pp | 7.2%+2.7pp | 4.5%+0.4pp | 4.2%+0.5pp | 3.7%-5.2pp | 8.9%-2.5pp | 11.4%+2.3pp | 9.1%+0.2pp | 8.9%+0.3pp | 8.6%-11.0pp | 19.6%+10.1pp | 9.5% |
| Current Ratio | 1.28-0.3x | 1.55-0.2x | 1.790.0x | 1.81+0.1x | 1.660.0x | 1.70-0.2x | 1.91+0.6x | 1.30-0.6x | 1.89-0.1x | 1.94-0.6x | 2.58-1.0x | 3.58 |
| Debt-to-Equity | 0.740.0x | 0.710.0x | 0.660.0x | 0.640.0x | 0.650.0x | 0.65+0.1x | 0.57-0.1x | 0.710.0x | 0.76+0.1x | 0.66+0.1x | 0.53-0.1x | 0.67 |
Not reported in any period shown, so not listed: FCF Margin.
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Where Alibaba Group Holding Limited Ranks
Frequently Asked Questions
What is Alibaba Group Holding Limited's annual revenue?
Alibaba Group Holding Limited (BABA) reported $148.4B in total revenue for fiscal year 2026. This represents a 8.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Alibaba Group Holding Limited's revenue growing?
Alibaba Group Holding Limited (BABA) revenue grew by 8.1% year-over-year, from $137.3B to $148.4B in fiscal year 2026.
Is Alibaba Group Holding Limited profitable?
Yes, Alibaba Group Holding Limited (BABA) reported a net income of $15.0B in fiscal year 2026, with a net profit margin of 10.1%.
What is Alibaba Group Holding Limited's gross margin?
Alibaba Group Holding Limited (BABA) had a gross margin of 39.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Alibaba Group Holding Limited's operating margin?
Alibaba Group Holding Limited (BABA) had an operating margin of 4.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Alibaba Group Holding Limited's net profit margin?
Alibaba Group Holding Limited (BABA) had a net profit margin of 10.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Alibaba Group Holding Limited's return on equity (ROE)?
Alibaba Group Holding Limited (BABA) has a return on equity of 9.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Alibaba Group Holding Limited's operating cash flow?
Alibaba Group Holding Limited (BABA) generated $11.0B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Alibaba Group Holding Limited's total assets?
Alibaba Group Holding Limited (BABA) had $276.8B in total assets as of fiscal year 2026, including both current and long-term assets.
How much does Alibaba Group Holding Limited spend on research and development?
Alibaba Group Holding Limited (BABA) invested $9.6B in research and development during fiscal year 2026.
What is Alibaba Group Holding Limited's current ratio?
Alibaba Group Holding Limited (BABA) had a current ratio of 1.28 as of fiscal year 2026, which is considered adequate.
What is Alibaba Group Holding Limited's debt-to-equity ratio?
Alibaba Group Holding Limited (BABA) had a debt-to-equity ratio of 0.74 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Alibaba Group Holding Limited's return on assets (ROA)?
Alibaba Group Holding Limited (BABA) had a return on assets of 5.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Alibaba Group Holding Limited's Piotroski F-Score?
Alibaba Group Holding Limited (BABA) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alibaba Group Holding Limited's earnings high quality?
Alibaba Group Holding Limited (BABA) has an earnings quality ratio of 0.74x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Alibaba Group Holding Limited cover its interest payments?
Alibaba Group Holding Limited (BABA) has an interest coverage ratio of 5.12x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Alibaba Group Holding Limited?
Alibaba Group Holding Limited (BABA) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.