Alibaba Group Holding Limited
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $148.40B | $137.30B | $130.35B | $126.49B | $134.57B | $109.48B | $71.99B | $56.15B |
| Cost of Revenue | $89.32B | $82.45B | $81.21B | $80.04B | $85.10B | $64.29B | $39.88B | $30.83B |
| Gross Profit | $59.08B | $54.85B | $49.15B | $46.45B | $49.47B | $45.19B | $32.11B | $25.32B |
| Gross Margin | 39.8% | 40.0% | 37.7% | 36.7% | 36.8% | 41.3% | 44.6% | 45.1% |
| Operating Expenses | ||||||||
| Research & Development | $9.65B | $7.88B | $7.24B | $8.26B | $8.75B | $8.74B | $6.09B | $5.58B |
| SG&A Expense | $4.80B | $6.10B | $5.82B | $6.14B | $5.04B | $8.43B | $3.98B | $3.71B |
| Operating Income | $7.27B | $19.42B | $15.70B | $14.61B | $10.99B | $13.69B | $12.91B | $8.51B |
| Operating Margin | 4.9% | 14.1% | 12.0% | 11.6% | 8.2% | 12.5% | 17.9% | 15.1% |
| Interest Expense | $1.42B | $1.32B | $1.10B | $862.0M | $774.0M | $683.0M | $731.0M | $773.0M |
| Pretax Income | $18.76B | $21.42B | $14.07B | $12.99B | $9.39B | $25.27B | $23.54B | $14.34B |
| Income Tax Expense | $4.36B | $4.88B | $3.12B | $2.26B | $4.23B | $4.47B | $2.90B | $2.47B |
| Net Income | $15.02B | $17.93B | $11.08B | $10.60B | $9.82B | $22.98B | $21.10B | $13.10B |
| Net Margin | 10.1% | 13.1% | 8.5% | 8.4% | 7.3% | 21.0% | 29.3% | 23.3% |
| EPS (Basic) | $0.83 | $0.95 | $0.55 | $0.50 | $0.45 | $1.06 | $1.00 | $5.06 |
| EPS (Diluted) | $0.80 | $0.92 | $0.54 | $0.50 | $0.45 | $1.04 | $0.99 | $4.97 |
| Shares Outstanding (Basic) | 18.57B | 18.79B | 20.18B | 20.98B | 21.56B | 21.62B | 21.02B | 20.64B |
| Shares Outstanding (Diluted) | 19.24B | 19.32B | 20.36B | 21.11B | 21.79B | 21.98B | 21.35B | 20.99B |
| Dividends Per Share | — | — | — | — | — | — | — | — |