Alibaba Group Holding Limited

BABA Consumer Cyclical Internet Retail

Alibaba Group Holding Limited’s revenue for fiscal 2026 (year ended March 2026) was $148.4 billion, up 8.09% from fiscal 2025.

Revenue
+14.7%
EPS
−74.1%
Free cash flow
+17.2%
Total debt
+21.2%

Quarter to June 2026, against a year earlier

105.49 5.13 +5.11%
Market cap
$249.7B
P/E
22.1×
Fwd P/E
18.4×
Dividend yield
1.05%
F-score
4/9
Altman Z
2.77
Beneish M
n/a
Dividend safety
49/100

Alibaba Group Holding Limited (BABA) Operating margin

Alert me on Operating margin

Alibaba Group Holding Limited's operating margin over the twelve months to 30 June 2026 was 4.34%, down 1.5 percentage points from fiscal 2026 (5.83%). Over the past ten years it has ranged from 5.83% (fiscal 2026) to 30.6% (fiscal 2015) — the current reading is the lowest in ten years. That is above the Internet Retail industry median of 0.76% and above the Consumer Cyclical sector median of 3.97%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 5.83% (8.93)
FY2025 14.8% 1.60
FY2024 13.2% 1.30
FY2023 11.9% 0.75
FY2022 11.1% (1.39)
FY2021 12.5% (5.55)
FY2020 18.1% 2.90
FY2019 15.2% (12.74)
FY2018 27.9% (2.47)
FY2017 30.4% 1.14

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 7.29% 6.95
Mar 2026 0.34% (6.74)
Dec 2025 7.08% 4.91
Sep 2025 2.17% (11.96)
42 more quarters

Against its own ten years

Low 5.83% High 30.6%
Ten-year median 15.0%
Current reading's percentile 2

Operating margin against peers

Company Operating margin
PDD PDD Holdings Inc. Sponsored ADR compare 21.9%
EBAY eBay Inc. compare 20.3%
AMZN Amazon.com, Inc. compare 13.1%
MELI MercadoLibre, Inc. compare 8.26%
SE Sea Limited Sponsored ADR compare 8.24%
DASH DoorDash, Inc. compare 5.25%
BABA Alibaba Group Holding Limited 4.34%
JD JD.com, Inc. compare 0.15%
CPNG Coupang, Inc. compare −3.43%
Internet Retail industry median 0.76%
Consumer Cyclical sector median 3.97%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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