Alibaba Group Holding Ltd
NYSE: BABA · CONSUMER CYCLICAL · INTERNET RETAIL
Updated 2026-06-05
Alibaba Group Holding Ltd (BABA) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2007 | $1.36B | $219.94M | 82.58% | 19.69% | 16.13% |
| 2008 | $2.16B | $967.79M | 87.05% | 37.19% | 44.75% |
| 2009 | $3.00B | $1.15B | 86.66% | 38.00% | 38.43% |
| 2010 | $3.87B | $1.01B | 86.21% | 27.69% | 26.14% |
| 2011 | $5.56B | $1.47B | 83.25% | 27.65% | 26.44% |
| 2012 | $20.02B | $4.23B | 67.27% | 25.04% | 21.11% |
| 2013 | $34.52B | $8.53B | 71.84% | 41.76% | 24.72% |
| 2014 | $52.50B | $23.32B | 74.54% | 47.46% | 44.41% |
| 2015 | $76.20B | $24.26B | 68.72% | 30.36% | 31.84% |
| 2016 | $101.14B | $71.46B | 66.03% | 28.77% | 70.65% |
| 2017 | $158.27B | $43.67B | 62.42% | 30.36% | 27.59% |
| 2018 | $250.27B | $64.09B | 57.23% | 27.70% | 25.61% |
| 2019 | $376.84B | $87.89B | 45.09% | 15.15% | 23.32% |
| 2020 | $509.71B | $149.43B | 44.60% | 17.94% | 29.32% |
| 2021 | $717.29B | $150.58B | 41.28% | 12.50% | 20.99% |
| 2022 | $853.06B | $62.25B | 36.76% | 8.16% | 7.30% |
| 2023 | $868.69B | $72.78B | 36.72% | 11.55% | 8.38% |
| 2024 | $941.17B | $80.01B | 37.70% | 12.04% | 8.50% |
| 2025 | $996.35B | $130.11B | 39.95% | 14.14% | 13.06% |
| 2026 | $1.02T | $103.59B | 39.81% | 5.83% | 10.12% |
Frequently asked questions
What is Alibaba Group Holding Ltd's revenue?
Alibaba Group Holding Ltd's trailing twelve-month revenue is $1.02T, and consensus projects about $1.75T by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is BABA?
In its most recent fiscal year, BABA ran a gross margin of 39.81%, an operating margin of 5.83%, and a net margin of 10.12%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does BABA generate?
BABA produced $-50.72B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is BABA's balance sheet healthy?
BABA holds $172.92B in cash and equivalents against $231.77B in long-term debt, on $1.06T of shareholder equity. That debt is best read against the cash flow the business throws off each year.