BABA 2024-09-30 Earnings — Income Statement Breakdown
For its 2024-09-30 period (ending 2024-09-30), BABA reported revenue of $479.7B, gross profit of $197.7B (41.2% gross margin), operating income of $71.2B, and net income of $67.6B (14.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; revenue grew 97.2% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +97.2% | +181.3% | +4.2 pp |
Consensus estimate data is not available for this report.
BABA 2024-09-30 Income Statement
| Line item | Amount (CNY) | % of revenue |
|---|---|---|
| Revenue | $479.7B | 100% |
| Cost of Revenue | −$282.0B | 58.8% |
| Gross Profit | $197.7B | 41.2% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$126.5B | 26.4% |
| Operating Income | $71.2B | 14.8% |
| Interest Expense | −$4.6B | 1.0% |
| Other Income, net | $13.4B | 2.8% |
| Income Tax Expense | −$11.8B | 2.5% |
| Net Income | $67.6B | 14.1% |
Source: original SEC filing (filed 2024-11-18). Accession 0001104659-24-119899. Data normalized by EarningsFyi.