Alibaba Group Holding (BABAF) Net Margin (2013 - 2026)
Alibaba Group Holding's (BABAF) 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.
Analysis
Alibaba Group Holding (BABAF) 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 | Booking Holdings | 132.12 Bn | 114.91 Bn | 4.98 Bn | 26.52% |
| 2 | PDD Holdings | 110.21 Bn | 79.93 Bn | 9.45 Bn | 24.19% |
| 3 | Airbnb | 100.88 Bn | 88.81 Bn | 2.98 Bn | 22.62% |
| 4 | Mercadolibre | 94.91 Bn | 79.72 Bn | 4.16 Bn | 4.58% |
| 5 | Ebay | 46.82 Bn | 43.52 Bn | 2.30 Bn | 17.55% |
| 6 | Expedia | 32.62 Bn | 25.50 Bn | 3.91 Bn | 20.28% |
| 7 | Alibaba Group Holding | 31.91 Bn | -11.79 Bn | 15.11 Bn | 3.92% |
| 8 | Maplebear | 10.91 Bn | 10.06 Bn | 751.00 Mn | 10.45% |
| 9 | Full Truck Alliance | 8.63 Bn | 7.61 Bn | - | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | -6.98% |
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% |