Alibaba Group Holding (BABA) Net Margin (2013 - 2026)
Alibaba Group Holding's (BABA) quarterly Net Margin came in at 3.92% in Q2 2026, down 1349.0% year-over-year from 0.31% in Q2 2025, and down 62.57% quarter-over-quarter from 10.47% in Q1 2026.
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Alibaba Group Holding (BABA) Net Margin (2013 - 2026) Analysis & Trends
Alibaba Group Holding has disclosed Net Margin across 14 years of filings, most recently posting 3.92% for Q2 2026.
- In Q2 2026, Net Margin fell 1349.0% year-over-year to 3.92%; the TTM figure through Jun 2026 stood at 7.0% (down 786.0% YoY), while the FY2026 annual figure was 10.35%, down 265.0% from the prior year.
- Net Margin came in at 3.92% for Q2 2026 at Alibaba Group Holding, down from 10.47% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 18.9% in Q4 2022 to a low of 9.92% in Q3 2022.
- Average Net Margin over 5 years is 8.6%, with a median of 10.22% recorded in 2024.
- Year-over-year, Net Margin jumped 2236 bps in 2023 and plunged 1349 bps in 2026.
- Over 5 years, Net Margin stood at 18.9% in 2022, then sank by 71 bps to 5.54% in 2023, then soared by 215 bps to 17.47% in 2024, then tumbled by 67 bps to 5.73% in 2025, then plunged by 32 bps to 3.92% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 3.92% in Q2 2026, 10.47% in Q1 2026, and 5.73% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,070.34 Bn | 3,641.31 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,876.83 Bn | 1,786.57 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 297.14 Bn | 288.01 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 257.29 Bn | 222.03 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 184.36 Bn | 179.41 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 141.62 Bn | 136.41 Bn | 6.38 Bn | 17.17% |
| 7 | Booking Holdings | 117.14 Bn | 99.93 Bn | 4.98 Bn | 26.52% |
| 8 | PDD Holdings | 112.73 Bn | 82.45 Bn | 9.45 Bn | 24.19% |
| 9 | AppLovin | 105.70 Bn | 102.65 Bn | 1.70 Bn | 65.84% |
| 10 | Spotify Technology | 105.08 Bn | 94.17 Bn | 1.86 Bn | 11.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.92% |
| Mar 31, 2026 | 10.47% |
| Dec 31, 2025 | 5.73% |
| Sep 30, 2025 | 8.47% |
| Jun 30, 2025 | 17.41% |
| Mar 31, 2025 | 5.24% |
| Dec 31, 2024 | 17.47% |
| Sep 30, 2024 | 18.55% |
| Jun 30, 2024 | 9.98% |
| Mar 31, 2024 | 1.47% |
| Dec 31, 2023 | 5.54% |
| Sep 30, 2023 | 12.43% |
| Jun 30, 2023 | 14.66% |
| Mar 31, 2023 | 11.34% |
| Dec 31, 2022 | 18.90% |
| Sep 30, 2022 | -9.92% |
| Jun 30, 2022 | 11.06% |
| Mar 31, 2022 | -7.95% |
| Dec 31, 2021 | 8.42% |
| Sep 30, 2021 | 2.67% |
API Access
Alibaba Group Holding Net 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=net-margin&ticker=BABA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=BABA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();