What is Alibaba Group Hldg Ltd's earnings per share (EPS)?

Alibaba Group Hldg Ltd (BABA) reported diluted earnings per share of $0.80 for fiscal year 2026. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Alibaba Group Hldg Ltd Financials

BABA

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Alibaba Group Hldg Ltd (BABA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BABA FY2025 2026-05-20

Alibaba’s earnings rebound is being driven by margin repair and share count shrinkage more than by cash buildup.

Across FY2023 to FY2025, revenue only edged higher, yet operating margin widened from 11.5% to 14.1%, showing the earnings rebound came more from better economics per dollar of sales than from broad volume expansion. Operating cash flow slipped from $29.1B to $22.5B over the same span, so accounting profit recovered faster than cash conversion.

FY2025 operating cash flow of $22.5B did not cover the $25.6B investing outflow, which means shareholder payouts and buybacks were supported by drawing down a previously cash-rich balance sheet. The result is a less cash-heavy posture, not an obvious short-term squeeze, because current assets still cover current liabilities by 1.5x and leverage is still anchored by substantial equity.

The share count fell from 19.5B to 18.5B between FY2024 and FY2025, so per-share results got an extra lift beyond the rise in total profit. That helps explain why diluted EPS accelerated more than net income: capital returns are magnifying each remaining share’s claim on earnings, not just reflecting better operations.

Financial Health Signals

Financial Profile 38/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Alibaba Group Hldg Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Alibaba Group Hldg Ltd has an operating margin of 4.9%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is down from 14.1% the prior year.

Growth

Alibaba Group Hldg Ltd's revenue grew 8.1% year-over-year to $148.4B, a solid pace of expansion. This earns a growth score of 44/100.

Leverage

Alibaba Group Hldg Ltd carries a low D/E ratio of 0.74, meaning only $0.74 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Alibaba Group Hldg Ltd's current ratio of 1.28 is below the typical benchmark, resulting in a score of 21/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Alibaba Group Hldg Ltd's ROE of 9.8% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 12.9% the prior year.

Piotroski F-Score Weak

3/9

Alibaba Group Hldg Ltd passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.74x

For every $1 of reported earnings, Alibaba Group Hldg Ltd generates $0.74 in operating cash flow ($11.0B OCF vs $15.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

5.1x

Alibaba Group Hldg Ltd earns $5.1 in operating income for every $1 of interest expense ($7.3B vs $1.4B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$148.4B

YoY+8.1%

5Y CAGR+6.3%

10Y CAGR+25.2%

Alibaba Group Hldg Ltd generated $148.4B in revenue in fiscal year 2026. This represents an increase of 8.1% from the prior year.

EBITDA

N/A

Net Income

$15.0B

YoY-16.2%

5Y CAGR-8.2%

10Y CAGR+3.1%

Alibaba Group Hldg Ltd reported $15.0B in net income in fiscal year 2026. This represents a decrease of 16.2% from the prior year.

EPS (Diluted)

$0.80

Alibaba Group Hldg Ltd earned $0.80 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 13.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$19.1B

YoY-4.9%

5Y CAGR-17.2%

10Y CAGR+2.1%

Alibaba Group Hldg Ltd held $19.1B in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

1.86B

Alibaba Group Hldg Ltd had 1.86B shares outstanding in fiscal year 2026. This represents a decrease of 89.9% from the prior year.

Margins & Returns

Gross Margin

39.8%

YoY-0.1pp

5Y CAGR-1.5pp

10Y CAGR-26.2pp

Alibaba Group Hldg Ltd's gross margin was 39.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

4.9%

YoY-9.2pp

5Y CAGR-7.6pp

10Y CAGR-23.9pp

Alibaba Group Hldg Ltd's operating margin was 4.9% in fiscal year 2026, reflecting core business profitability. This is down 9.2 percentage points from the prior year.

Net Margin

10.1%

YoY-2.9pp

5Y CAGR-10.9pp

10Y CAGR-60.5pp

Alibaba Group Hldg Ltd's net profit margin was 10.1% in fiscal year 2026, showing the share of revenue converted to profit. This is down 2.9 percentage points from the prior year.

Return on Equity

9.8%

YoY-3.1pp

5Y CAGR-6.3pp

10Y CAGR-23.2pp

Alibaba Group Hldg Ltd's ROE was 9.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 3.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$9.6B

YoY+22.5%

5Y CAGR+2.0%

10Y CAGR+16.3%

Alibaba Group Hldg Ltd invested $9.6B in research and development in fiscal year 2026. This represents an increase of 22.5% from the prior year.

Share Buybacks

$1.1B

YoY-90.7%

5Y CAGR+56.5%

10Y CAGR-9.7%

Alibaba Group Hldg Ltd spent $1.1B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 90.7% from the prior year.

Capital Expenditures

N/A

BABA Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$148.4B+8.1%	$137.3B+5.3%	$130.3B+3.1%	$126.5B-6.0%	$134.6B+22.9%	$109.5B
Cost of Revenue	$89.3B+8.3%	$82.4B+1.5%	$81.2B+1.5%	$80.0B-5.9%	$85.1B+32.4%	$64.3B
Gross Profit	$59.1B+7.7%	$54.9B+11.6%	$49.1B+5.8%	$46.4B-6.1%	$49.5B+9.5%	$45.2B
R&D Expenses	$9.6B+22.5%	$7.9B+8.8%	$7.2B-12.4%	$8.3B-5.6%	$8.7B+0.1%	$8.7B
SG&A Expenses	$4.8B-21.3%	$6.1B+4.8%	$5.8B-5.3%	$6.1B+22.0%	$5.0B-40.3%	$8.4B
Operating Income	$7.3B-62.6%	$19.4B+23.7%	$15.7B+7.4%	$14.6B+33.0%	$11.0B-19.7%	$13.7B
Interest Expense	$1.4B+7.3%	$1.3B+20.2%	$1.1B+27.7%	$862.0M+11.4%	$774.0M+13.3%	$683.0M
Income Tax	$4.4B-10.8%	$4.9B+56.5%	$3.1B+37.8%	$2.3B-46.5%	$4.2B-5.3%	$4.5B
Net Income	$15.0B-16.2%	$17.9B+61.8%	$11.1B+4.6%	$10.6B+7.9%	$9.8B-57.3%	$23.0B
EPS (Diluted)	$0.80	$0.92+70.4%	$0.54+8.0%	$0.50+11.1%	$0.45-56.7%	$1.04

Metric	Q4'26	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BABA Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$276.8B+11.3%	$248.6B+1.7%	$244.4B-4.2%	$255.3B-4.6%	$267.5B+3.7%	$258.0B
Current Assets	$88.5B-4.7%	$92.9B-10.9%	$104.3B+2.6%	$101.6B+0.9%	$100.7B+2.6%	$98.2B
Cash & Equivalents	$19.1B-4.9%	$20.0B-41.7%	$34.4B+22.2%	$28.1B-6.1%	$30.0B-38.9%	$49.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$35.9B+1.9%	$35.2B-2.1%	$36.0B-7.9%	$39.0B-8.2%	$42.5B-4.8%	$44.7B
Total Liabilities	$113.6B+15.4%	$98.4B+8.9%	$90.3B-1.5%	$91.8B-5.2%	$96.8B+4.5%	$92.6B
Current Liabilities	$69.1B+15.1%	$60.0B+2.8%	$58.4B+4.0%	$56.1B-7.3%	$60.5B+5.1%	$57.6B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$153.8B+10.5%	$139.2B+1.8%	$136.6B-5.2%	$144.1B-3.7%	$149.6B+4.6%	$143.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20
Total Assets	$276.8B+11.3%	$248.6B+1.7%	$244.4B-4.2%	$255.3B-4.6%	$267.5B+3.7%	$258.0B+22.2%	$211.2B+13.9%	$185.4B
Current Assets	$88.5B-4.7%	$92.9B-10.9%	$104.3B+2.6%	$101.6B+0.9%	$100.7B+2.6%	$98.2B+27.5%	$77.0B+17.8%	$65.4B
Cash & Equivalents	$19.1B-4.9%	$20.0B-41.7%	$34.4B+22.2%	$28.1B-6.1%	$30.0B-38.9%	$49.0B+10.4%	$44.4B-4.9%	$46.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$35.9B+1.9%	$35.2B-2.1%	$36.0B-7.9%	$39.0B-8.2%	$42.5B-4.8%	$44.7B+9.9%	$40.7B+4.1%	$39.1B
Total Liabilities	$113.6B+15.4%	$98.4B+8.9%	$90.3B-1.5%	$91.8B-5.2%	$96.8B+4.5%	$92.6B+38.9%	$66.6B+8.9%	$61.2B
Current Liabilities	$69.1B+15.1%	$60.0B+2.8%	$58.4B+4.0%	$56.1B-7.3%	$60.5B+5.1%	$57.6B+48.7%	$38.7B+13.4%	$34.2B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$153.8B+10.5%	$139.2B+1.8%	$136.6B-5.2%	$144.1B-3.7%	$149.6B+4.6%	$143.1B+13.3%	$126.3B+18.4%	$106.7B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BABA Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$11.0B-51.0%	$22.5B-10.9%	$25.3B-13.1%	$29.1B+29.2%	$22.5B-36.3%	$35.4B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$9.8B+61.8%	-$25.6B-745.2%	-$3.0B+84.7%	-$19.7B+37.0%	-$31.3B+15.9%	-$37.3B
Financing Cash Flow	-$3.0B+71.6%	-$10.5B+29.9%	-$15.0B-56.9%	-$9.6B+6.0%	-$10.2B-321.5%	$4.6B
Dividends Paid	$4.9B+22.0%	$4.0B+61.2%	$2.5B	N/A	$0	N/A
Share Buybacks	$1.1B-90.7%	$11.9B-2.8%	$12.3B+12.9%	$10.9B+12.7%	$9.7B+8084.7%	$118.0M

Metric	Q4'26	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BABA Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	39.8%-0.1pp	40.0%+2.3pp	37.7%+1.0pp	36.7%-0.0pp	36.8%-4.5pp	41.3%
Operating Margin	4.9%-9.2pp	14.1%+2.1pp	12.0%+0.5pp	11.6%+3.4pp	8.2%-4.3pp	12.5%
Net Margin	10.1%-2.9pp	13.1%+4.6pp	8.5%+0.1pp	8.4%+1.1pp	7.3%-13.7pp	21.0%
Return on Equity	9.8%-3.1pp	12.9%+4.8pp	8.1%+0.8pp	7.3%+0.8pp	6.6%-9.5pp	16.1%
Return on Assets	5.4%-1.8pp	7.2%+2.7pp	4.5%+0.4pp	4.2%+0.5pp	3.7%-5.2pp	8.9%
Current Ratio	1.28-0.3	1.55-0.2	1.79-0.0	1.81+0.1	1.66-0.0	1.70
Debt-to-Equity	0.74+0.0	0.71+0.0	0.66+0.0	0.64-0.0	0.650.0	0.65
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.28-0.3	1.55-0.2	1.79-0.0	1.81+0.1	1.66-0.0	1.70-0.3	1.99+0.1	1.91
Debt-to-Equity	0.74+0.0	0.71+0.0	0.66+0.0	0.64-0.0	0.650.0	0.65+0.1	0.53-0.0	0.57
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Alibaba Group Hldg Ltd's annual revenue?

Alibaba Group Hldg Ltd (BABA) reported $148.4B in total revenue for fiscal year 2026. This represents a 8.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Alibaba Group Hldg Ltd's revenue growing?

Alibaba Group Hldg Ltd (BABA) revenue grew by 8.1% year-over-year, from $137.3B to $148.4B in fiscal year 2026.

Is Alibaba Group Hldg Ltd profitable?

Yes, Alibaba Group Hldg Ltd (BABA) reported a net income of $15.0B in fiscal year 2026, with a net profit margin of 10.1%.

What is Alibaba Group Hldg Ltd's gross margin?

Alibaba Group Hldg Ltd (BABA) had a gross margin of 39.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Alibaba Group Hldg Ltd's operating margin?

Alibaba Group Hldg Ltd (BABA) had an operating margin of 4.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Alibaba Group Hldg Ltd's net profit margin?

Alibaba Group Hldg Ltd (BABA) had a net profit margin of 10.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Alibaba Group Hldg Ltd's return on equity (ROE)?

Alibaba Group Hldg Ltd (BABA) has a return on equity of 9.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Alibaba Group Hldg Ltd's operating cash flow?

Alibaba Group Hldg Ltd (BABA) generated $11.0B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Alibaba Group Hldg Ltd's total assets?

Alibaba Group Hldg Ltd (BABA) had $276.8B in total assets as of fiscal year 2026, including both current and long-term assets.

How much does Alibaba Group Hldg Ltd spend on research and development?

Alibaba Group Hldg Ltd (BABA) invested $9.6B in research and development during fiscal year 2026.

Does Alibaba Group Hldg Ltd buy back shares?

Yes, Alibaba Group Hldg Ltd (BABA) spent $1.1B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Alibaba Group Hldg Ltd have outstanding?

Alibaba Group Hldg Ltd (BABA) had 1.86B shares outstanding as of fiscal year 2026.

What is Alibaba Group Hldg Ltd's current ratio?

Alibaba Group Hldg Ltd (BABA) had a current ratio of 1.28 as of fiscal year 2026, which is considered adequate.

What is Alibaba Group Hldg Ltd's debt-to-equity ratio?

Alibaba Group Hldg Ltd (BABA) had a debt-to-equity ratio of 0.74 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Alibaba Group Hldg Ltd's return on assets (ROA)?

Alibaba Group Hldg Ltd (BABA) had a return on assets of 5.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Alibaba Group Hldg Ltd's Piotroski F-Score?

Alibaba Group Hldg Ltd (BABA) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Alibaba Group Hldg Ltd's earnings high quality?

Alibaba Group Hldg Ltd (BABA) has an earnings quality ratio of 0.74x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Alibaba Group Hldg Ltd cover its interest payments?

Alibaba Group Hldg Ltd (BABA) has an interest coverage ratio of 5.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Alibaba Group Hldg Ltd?

Alibaba Group Hldg Ltd (BABA) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.