BABA

MKT CAP:$315B

Alibaba Group Holding Limited

Market Cap

$315B

Consumer Cyclical·Specialty Retail·🇨🇳 China·NYSE

Consumer Cyc.·Specialty Retail·🇨🇳·NYSE

Stock Price

$135.81-$19.93 (-12.79%)

Apr 24, 2026

Company Details

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of ...

CEO

Yongming Wu

IPO Date

Sep 19, 2014

Website

www.alibabagroup.com

Key Metrics TTM

Revenue

$145.6B

+23.0% YoY

Net Income

$13.1B

EPS (Diluted)

$5.40

Free Cash Flow

$6.9B

Revenue / Share

$60.34

Gross Margin

39.3%

Operating Margin

9.4%

Net Margin

9.0%

FCF Margin

4.7%

P/S

2.2x

P/E

24.1x

Earnings Reports

Q3 2026

Mar 19, 2026

$41.0BEPS $0.97

Q2 2026

Nov 25, 2025

$36.2BEPS $1.27

FY 2025

Jun 26, 2025

$145.6B+5.9%EPS $7.83

Q1 2025

Aug 15, 2024

$35.5BEPS $1.45

FY 2024

May 23, 2024

$137.5B+8.3%EPS $4.58

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 17	$5.6B	$3.4B	$1.4B
Q2 18	$8.1B	$4.8B	$2.4B
Q3 18	$12.1B	$7.0B	$3.8B
Q2 19	$12.4B	$5.6B	$2.0B
Q3 19	$17.1B	$8.3B	$3.9B
Q4 19	$13.7B	$5.5B	$1.3B
Q1 20	$16.8B	$8.0B	$3.6B
Q4 20	$16.7B	$6.1B	$1.0B
Q1 21	$22.5B	$10.1B	$5.1B
Q1 22	$30.1B	$11.9B	$4.5B
Q3 22	$35.4B	$14.0B	$1.0B
Q4 23	$30.4B	$10.1B	$2.2B
Q2 24	$32.8B	$12.4B	$4.9B
Q1 25	$35.5B	$14.2B	$5.3B
Q2 26	$36.2B	$14.2B	$784M
Q3 26	$41.0B	$16.5B	$2.7B

Valuation

Quarter	P/S	P/E
Q4 17	—	—
Q2 18	—	—
Q3 18	—	—
Q2 19	10.9x	39.4x
Q3 19	7.1x	25.4x
Q4 19	8.5x	31.1x
Q1 20	7.6x	31.0x
Q4 20	8.0x	41.9x
Q1 21	8.3x	40.5x
Q1 22	7.2x	36.3x
Q3 22	3.1x	17.8x
Q4 23	2.1x	12.0x
Q2 24	1.7x	12.0x
Q1 25	1.3x	11.2x
Q2 26	3.1x	29.5x
Q3 26	2.4x	26.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 17	$1.5B	$1.5B
Q2 18	$4.6B	$3.3B
Q3 18	$8.1B	$6.6B
Q2 19	$4.3B	$2.6B
Q3 19	$9.2B	$9.2B
Q4 19	$3.2B	$3.2B
Q1 20	$5.1B	$5.1B
Q4 20	$387M	$387M
Q1 21	$7.3B	$7.3B
Q1 22	$4.9B	$4.9B
Q3 22	$11.8B	$11.8B
Q4 23	$5.6B	$1.5B
Q2 24	$5.0B	$5.3B
Q1 25	$4.9B	$3.2B
Q2 26	$1.5B	-$3.1B

Capital Expenditures

Quarter	CapEx
Q4 17	$0
Q2 18	$1.3B
Q3 18	$1.5B
Q2 19	$1.7B
Q3 19	$0
Q4 19	$0
Q1 20	$0
Q4 20	$0
Q1 21	$0
Q1 22	$0
Q3 22	$0
Q4 23	$4.1B
Q2 24	$295M
Q1 25	$1.8B
Q2 26	$4.6B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+204.0%	+211.5%
Q4 19	+69.6%	+119.9%
Q1 20	+38.4%	+58.8%
Q4 20	+34.3%	+49.6%
Q1 21	+31.1%	+31.6%
Q1 22	+120.0%	+106.4%
Q3 22	+111.1%	+160.1%
Q4 23	+82.1%	+80.0%
Q2 24	+46.2%	+60.6%
Q1 25	+18.2%	+18.5%
Q2 26	+2.1%	+2.9%
Q3 26	+34.9%	+36.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 17	$0	0.0%
Q2 18	$0	0.0%
Q3 18	$0	0.0%
Q2 19	$0	0.0%
Q3 19	$0	0.0%
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q1 22	$0	0.0%
Q3 22	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q1 25	$0	0.0%
Q2 26	$486M	1.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 17	$660M	$496M	$633M
Q2 18	$743M	$502M	$916M
Q3 18	$919M	$668M	$1.2B
Q2 19	$1.2B	$698M	$1.3B
Q3 19	$1.3B	$855M	$1.8B
Q4 19	$1.3B	$1.1B	$1.4B
Q1 20	$1.5B	$923M	$1.6B
Q4 20	$1.5B	$1.2B	$1.8B
Q1 21	$1.6B	$999M	$2.0B
Q1 22	$2.0B	$1.0B	$4.0B
Q3 22	$2.3B	$1.2B	$5.4B
Q4 23	$2.0B	$1.9B	$3.6B
Q2 24	$2.1B	$1.4B	$3.7B
Q1 25	$2.0B	$1.9B	$4.8B
Q2 26	$2.5B	$1.1B	$9.7B
Q3 26	$2.2B	$1.2B	$10.5B

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$32.9B	$38.8B	$71.8B
Q1 23	$31.6B	$41.9B	$73.5B
Q2 23	$36.3B	$41.3B	$77.6B
Q3 23	$33.9B	$46.7B	$80.6B
Q4 23	$33.0B	$48.4B	$81.5B
Q1 24	$38.9B	$46.3B	$85.2B
Q2 24	$41.1B	$48.3B	$89.4B
Q3 24	$43.0B	$52.5B	$95.5B
Q4 24	$40.8B	$47.2B	$88.0B
Q1 25	$38.8B	$33.6B	$72.3B
Q2 25	$33.4B	$30.0B	$63.4B
Q3 25	$30.1B	$42.4B	$72.5B
Q4 25	$26.6B	$41.4B	$67.9B
Q1 26	$32.8B	$34.1B	$66.9B
Q2 26	$19.7B	$34.8B	$54.6B
Q3 26	$24.9B	$30.7B	$55.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 17	2.58B	—	—
Q2 18	2.61B	+1.0%	—
Q3 18	2.62B	+0.3%	—
Q2 19	2.63B	+0.5%	—
Q3 19	2.61B	-0.5%	+1.3%
Q4 19	2.63B	+0.4%	+0.7%
Q1 20	2.63B	+0.4%	+0.7%
Q4 20	2.73B	+3.5%	+3.8%
Q1 21	2.74B	+0.5%	+4.8%
Q1 22	2.75B	+0.5%	+4.9%
Q3 22	2.71B	-1.5%	+3.0%
Q4 23	2.61B	-3.8%	-4.3%
Q2 24	2.57B	-1.7%	-6.4%
Q1 25	2.45B	-4.5%	-11.1%
Q2 26	2.40B	-2.2%	-11.7%
Q3 26	2.41B	+0.7%	-7.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 17	$112.5K	50K
Q2 18	$160.8K	50K
Q3 18	$242.2K	50K
Q2 19	$187.3K	66K
Q3 19	$258.0K	66K
Q4 19	$134.0K	102K
Q1 20	$164.7K	102K
Q4 20	$142.0K	118K
Q1 21	$191.0K	118K
Q1 22	$119.5K	251K
Q3 22	$141.0K	251K
Q4 23	$129.3K	235K
Q2 24	$139.6K	235K
Q1 25	$139.4K	255K
Q2 26	$142.0K	255K
Q3 26	$161.0K	255K

Revenue / Employee