Alibaba Group Holding (BABA) Operating Margin (2013 - 2026)
Alibaba Group Holding's (BABA) quarterly Operating Margin came in at 5.64% in Q2 2026, down 849.0% year-over-year from 0.75% in Q2 2025, and up 1716.67% quarter-over-quarter from 0.35% in Q1 2026.
Powered by 
Analysis
Alibaba Group Holding (BABA) Operating Margin (2013 - 2026) Analysis & Trends
Alibaba Group Holding has disclosed Operating Margin across 14 years of filings, most recently posting 5.64% for Q2 2026.
- In Q2 2026, Operating Margin fell 849.0% year-over-year to 5.64%; the TTM figure through Jun 2026 stood at 2.92% (down 1107.0% YoY), while the FY2026 annual figure was 4.9%, down 924.0% from the prior year.
- Operating Margin came in at 5.64% for Q2 2026 at Alibaba Group Holding, up from 0.35% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 18.15% in Q2 2023 to a low of 0.35% in Q1 2026.
- Average Operating Margin over 5 years is 10.23%, with a median of 12.09% recorded in 2025.
- Year-over-year, Operating Margin jumped 1228 bps in 2022 and slumped 1274 bps in 2025.
- Over 5 years, Operating Margin stood at 14.14% in 2022, then sank by 39 bps to 8.65% in 2023, then soared by 70 bps to 14.71% in 2024, then sank by 75 bps to 3.74% in 2025, then surged by 51 bps to 5.64% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 5.64% in Q2 2026, 0.35% in Q1 2026, and 3.74% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,070.34 Bn | 3,641.31 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,876.83 Bn | 1,786.57 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 297.14 Bn | 288.01 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 257.29 Bn | 222.03 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 184.36 Bn | 179.41 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 141.62 Bn | 136.41 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 117.14 Bn | 99.93 Bn | 4.98 Bn | 34.00% |
| 8 | PDD Holdings | 112.73 Bn | 82.45 Bn | 9.45 Bn | 24.71% |
| 9 | AppLovin | 105.70 Bn | 102.65 Bn | 1.70 Bn | 77.68% |
| 10 | Spotify Technology | 105.08 Bn | 94.17 Bn | 1.86 Bn | 13.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.64% |
| Mar 31, 2026 | -0.35% |
| Dec 31, 2025 | 3.74% |
| Sep 30, 2025 | 2.17% |
| Jun 30, 2025 | 14.13% |
| Mar 31, 2025 | 12.04% |
| Dec 31, 2024 | 14.71% |
| Sep 30, 2024 | 14.90% |
| Jun 30, 2024 | 14.80% |
| Mar 31, 2024 | 6.65% |
| Dec 31, 2023 | 8.65% |
| Sep 30, 2023 | 14.94% |
| Jun 30, 2023 | 18.15% |
| Mar 31, 2023 | 7.32% |
| Dec 31, 2022 | 14.14% |
| Sep 30, 2022 | 12.13% |
| Jun 30, 2022 | 12.13% |
| Mar 31, 2022 | 8.19% |
| Dec 31, 2021 | 2.91% |
| Sep 30, 2021 | 7.48% |
API Access
Alibaba Group Holding Operating 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=operating-margin&ticker=BABA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=BABA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();