Alibaba BABA

Public, NYSE, reports in CNY. Founded 1999.
Theme: Internet. Amazon of China.

Financials millions, CNY

Period	Revenue	Growth %	Gross margin %	R&D %	Operating income	Operating margin %	Net income	EPS (diluted)	Rule of 40
2026	1,023.7bn CNY	–	39.8 %	6.5 %	59.7bn CNY	5.8 %	103.6bn CNY	44.00	–
2025	144.4bn USD	5.2 %	–	–	19.6bn USD	13.6 %	18.3bn USD	7.38	18.8
2024	137.2bn USD	5.3 %	40.0 %	5.7 %	20.9bn USD	15.2 %	17.9bn USD	–	20.5
2023	130.3bn USD	-3.1 %	–	–	–	–	–	–	–
2022	134.5bn USD	–	–	–	–	–	–	–	–
2027-Q1	269.0bn CNY	8.6 %	38.2 %	8.4 %	19.6bn CNY	7.3 %	10.6bn CNY	3.68	15.9
2026-Q4	243.4bn CNY	–	34.5 %	7.8 %	-848m CNY	-0.3 %	25.5bn CNY	10.40	–
2026-Q3	284.8bn CNY	–	40.5 %	5.4 %	20.2bn CNY	7.1 %	16.4bn CNY	5.92	–
2026-Q2	247.8bn CNY	–	39.2 %	6.9 %	5.4bn CNY	2.2 %	21.0bn CNY	8.72	–
2026-Q1	247.7bn CNY	–	44.9 %	6.1 %	35.0bn CNY	14.1 %	40.6bn CNY	18.00	–

Sources

2026: yfinance
2025: 2025_10-K_Summary_2026-07-10.xlsx — sheet value USD-converted; re-enter in reporting currency for growth
2024: 2025_10-K_Summary_2026-07-10.xlsx — sheet value USD-converted; re-enter in reporting currency for growth
2023: 2025_10-K_Summary_2026-07-10.xlsx — sheet value USD-converted; re-enter in reporting currency for growth
2022: 2025_10-K_Summary_2026-07-10.xlsx — sheet value USD-converted; re-enter in reporting currency for growth
2027-Q1: yfinance
2026-Q4: yfinance
2026-Q3: yfinance
2026-Q2: yfinance
2026-Q1: yfinance

Period	Cash from operations	Capex	Free cash flow	FCF margin %	CFO / net income %	NOPAT	Unlevered FCF	Levered FCF	Net change in cash
2026	76.2bn CNY	126.9bn CNY	-50.7bn CNY	-5.0 %	73.6 %	45.8bn CNY	-56.6bn CNY	-11.7bn CNY	-11.7bn CNY

NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.

None.