Alibaba Group Holding Ltd (BABAF) Gross Margin (2013 - 2026)
Alibaba Group Holding (BABAF) posted Gross Margin of 34.51% for Q1 2026, down 13.54% sequentially from 39.91% in Q4 2025, and down 390.0% YoY from 11.9% in Q1 2025.
Alibaba Group Holding Ltd (BABAF) Gross Margin (2013 - 2026) Analysis & Trends
Alibaba Group Holding has reported Gross Margin for 14 years, with the latest figure at 34.51% in Q1 2026.
- Quarterly Gross Margin fell 390.0% year-over-year to 34.51% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 39.45% (down 71.0% YoY) and the FY2026 annual result came in at 38.67%, down 128.0% from the prior year.
- Gross Margin eased to 34.51% in Q1 2026 per BABAF's latest filing, from 39.91% in the prior quarter.
- Over five years, Gross Margin peaked at 44.48% in Q2 2025 and troughed at 31.91% in Q1 2022.
- A 5-year average of 38.14% and a median of 38.41% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2025 and 2026: Gross Margin jumped 516 bps in 2025, then sank 390 bps in 2026.
- Over 5 years, Gross Margin stood at 38.26% in 2022, then gained by 3 bps to 39.44% in 2023, then increased by 8 bps to 42.67% in 2024, then retreated by 6 bps to 39.91% in 2025, then declined by 14 bps to 34.51% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 34.51%, 39.91%, and 38.94% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.51% |
| Dec 31, 2025 | 39.91% |
| Sep 30, 2025 | 38.94% |
| Jun 30, 2025 | 44.48% |
| Mar 31, 2025 | 38.41% |
| Dec 31, 2024 | 42.67% |
| Sep 30, 2024 | 39.10% |
| Jun 30, 2024 | 40.09% |
| Mar 31, 2024 | 33.25% |
| Dec 31, 2023 | 39.44% |
| Sep 30, 2023 | 37.87% |
| Jun 30, 2023 | 40.59% |
| Mar 31, 2023 | 33.32% |
| Dec 31, 2022 | 38.26% |
| Sep 30, 2022 | 38.13% |
| Jun 30, 2022 | 37.50% |
| Mar 31, 2022 | 31.91% |
| Dec 31, 2021 | 39.41% |
| Sep 30, 2021 | 35.35% |
| Jun 30, 2021 | 39.65% |