Alibaba Group Holding (BABA) Gross Margin (2013 - 2026)
Alibaba Group Holding (BABA) recorded Gross Margin of 38.11% in the quarter ended Jun 30, 2026, down 6.37 percentage points from 44.48% a year earlier but up 3.60 percentage points from the prior quarter.
Alibaba Group Holding (BABA) Gross Margin (2013 - 2026) Analysis & Trends
On a TTM basis, Alibaba Group Holding's Gross Margin came in at 37.95% as of Jun 30, 2026, down 3.31 percentage points year-over-year; for the year ended Mar 31, 2026, it was 38.67%, down 1.28 percentage points from the prior year.
- Annual Gross Margin has a five-year change of -2.61 percentage points (years ended Mar 2021 to Mar 2026).
- Across earlier years, Gross Margin came in at 39.95% in the year ended Mar 31, 2025 (+2.25 pp), 37.70% in the year ended Mar 31, 2024 (+0.98 pp), 36.72% in the year ended Mar 31, 2023 (-0.04 pp) and 36.76% in the year ended Mar 31, 2022 (-4.51 pp).
- Quarterly Gross Margin has ranged from 31.91% in the quarter ended Mar 31, 2022 to 44.48% in the quarter ended Jun 30, 2025 over the past five years.
- On a year-over-year basis, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of +0.10 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 5.16 percentage points in the quarter ended Mar 31, 2025, against a drop of 6.37 percentage points in the quarter ended Jun 30, 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 34.51% (quarter ended Mar 31, 2026), 39.91% (quarter ended Dec 31, 2025) and 38.94% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,541.13 Bn | 3,276.03 Bn | 76.16 Bn | 59.70% |
| 2 | Meta Platforms | 1,587.35 Bn | 1,251.87 Bn | 51.23 Bn | 79.31% |
| 3 | Netflix | 272.62 Bn | 233.92 Bn | 6.80 Bn | 52.78% |
| 4 | Alibaba Group Holding | 244.75 Bn | 66.83 Bn | 15.16 Bn | 38.24% |
| 5 | Shopify | 196.93 Bn | 175.73 Bn | 1.78 Bn | 47.59% |
| 6 | Uber Technologies | 142.58 Bn | 114.55 Bn | 6.38 Bn | 44.93% |
| 7 | Spotify Technology | 129.18 Bn | 86.10 Bn | 1.89 Bn | 32.98% |
| 8 | Booking Holdings | 127.15 Bn | 60.90 Bn | - | - |
| 9 | PDD Holdings | 116.93 Bn | -127.12 Bn | 9.48 Bn | 57.26% |
| 10 | Airbnb | 104.06 Bn | 57.29 Bn | 2.98 Bn | 82.46% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.24% |
| Mar 31, 2026 | 34.51% |
| Dec 31, 2025 | 40.48% |
| Sep 30, 2025 | 39.15% |
| Jun 30, 2025 | 44.91% |
| Mar 31, 2025 | 38.41% |
| Dec 31, 2024 | 41.99% |
| Sep 30, 2024 | 39.10% |
| Jun 30, 2024 | 39.93% |
| Mar 31, 2024 | 33.25% |
| Dec 31, 2023 | 40.00% |
| Sep 30, 2023 | 37.87% |
| Jun 30, 2023 | 39.21% |
| Mar 31, 2023 | 33.32% |
| Dec 31, 2022 | 39.45% |
| Sep 30, 2022 | 36.67% |
| Jun 30, 2022 | 36.93% |
| Mar 31, 2022 | 31.91% |
| Dec 31, 2021 | 39.54% |
| Sep 30, 2021 | 35.35% |
Alibaba Group Holding Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BABA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BABA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BABA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();