Alibaba Group Holding (BABAF) Gross Margin (2013 - 2026)
Alibaba Group Holding's (BABAF) quarterly Gross Margin came in at 38.11% in Q2 2026, down 637.0% year-over-year from 7.1% in Q2 2025, and up 10.43% quarter-over-quarter from 34.51% in Q1 2026.
Analysis
Alibaba Group Holding (BABAF) Gross Margin (2013 - 2026) Analysis & Trends
Alibaba Group Holding has disclosed Gross Margin across 14 years of filings, most recently posting 38.11% for Q2 2026.
- In Q2 2026, Gross Margin fell 637.0% year-over-year to 38.11%; the TTM figure through Jun 2026 stood at 37.95% (down 331.0% YoY), while the FY2026 annual figure was 38.67%, down 128.0% from the prior year.
- Gross Margin came in at 38.11% for Q2 2026 at Alibaba Group Holding, up from 34.51% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 44.48% in Q2 2025 to a low of 31.91% in Q1 2022.
- Average Gross Margin over 5 years is 38.14%, with a median of 38.34% recorded in 2022.
- Year-over-year, Gross Margin soared 516 bps in 2025 and plunged 637 bps in 2026.
- Over 5 years, Gross Margin stood at 38.26% in 2022, then increased by 3 bps to 39.44% in 2023, then climbed by 8 bps to 42.67% in 2024, then declined by 6 bps to 39.91% in 2025, then declined by 5 bps to 38.11% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 38.11% in Q2 2026, 34.51% in Q1 2026, and 39.91% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.93 Bn | 114.72 Bn | 4.98 Bn | 67.75% |
| 2 | PDD Holdings | 110.02 Bn | 79.73 Bn | 9.45 Bn | 57.06% |
| 3 | Airbnb | 100.49 Bn | 88.42 Bn | 2.98 Bn | 82.46% |
| 4 | Mercadolibre | 95.02 Bn | 79.83 Bn | 4.16 Bn | 40.90% |
| 5 | Ebay | 46.91 Bn | 43.61 Bn | 2.30 Bn | 73.45% |
| 6 | Expedia | 32.60 Bn | 25.47 Bn | 3.91 Bn | 90.66% |
| 7 | Alibaba Group Holding | 31.91 Bn | -11.79 Bn | 15.11 Bn | 38.11% |
| 8 | Maplebear | 10.89 Bn | 10.04 Bn | 751.00 Mn | 72.00% |
| 9 | Full Truck Alliance | 8.65 Bn | 7.63 Bn | - | - |
| 10 | Etsy | 6.65 Bn | 5.53 Bn | 484.05 Mn | 72.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.11% |
| 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% |