Alibaba Group Holding (BABA) Net Margin (2013 - 2026)
Alibaba Group Holding's Net Margin came in at 3.92% for the quarter ended Jun 30, 2026, down 12.34 percentage points from 16.26% a year earlier and down 6.55 percentage points from the prior quarter.
Alibaba Group Holding (BABA) Net Margin (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Alibaba Group Holding reported Net Margin of 7.00%, down 7.57 percentage points year-over-year; for the year ended Mar 31, 2026, it was 10.35%, down 2.65 percentage points from the prior year.
- Net Margin carries a five-year change of -10.61 percentage points (years ended Mar 2021 to Mar 2026).
- Going back by year, Net Margin was 12.99% in the year ended Mar 31, 2025 (+4.52 pp), 8.47% in the year ended Mar 31, 2024 (+0.13 pp), 8.35% in the year ended Mar 31, 2023 (+1.08 pp) and 7.26% in the year ended Mar 31, 2022 (-13.69 pp).
- The figure for the quarter ended Jun 30, 2026 represents the lowest quarterly Net Margin since the quarter ended Mar 31, 2024.
- Year-over-year, Net Margin increased in five of the last eight quarters, with an average year-over-year change of -0.11 percentage points.
- The fastest year-over-year change in Net Margin over five years came in the quarter ended Sep 30, 2023 (a gain of 22.63 percentage points), and the weakest in the quarter ended Dec 31, 2021 (a drop of 27.50 percentage points).
- Business Quant data shows BABA's Net Margin at 10.47% (quarter ended Mar 31, 2026), 5.73% (quarter ended Dec 31, 2025) and 8.47% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,248.48 Bn | 4,006.00 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,873.50 Bn | 1,576.02 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 304.25 Bn | 264.45 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 257.83 Bn | 71.60 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 230.63 Bn | 207.82 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 145.10 Bn | 116.90 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 127.39 Bn | 60.44 Bn | - | 26.52% |
| 8 | PDD Holdings | 115.26 Bn | -128.52 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 109.42 Bn | 66.92 Bn | 1.86 Bn | 11.41% |
| 10 | Airbnb | 103.26 Bn | 56.49 Bn | 2.98 Bn | 22.62% |
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 | 16.26% |
| 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% |
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();