BABA Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2023-09-30), BABA reported revenue of $224.8B, gross profit of $85.1B (37.9% gross margin), operating income of $33.6B, and net income of $26.7B (11.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
BABA Q2 2024 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $224.8B | 100% |
| Cost of Revenue | −$139.7B | 62.1% |
| Gross Profit | $85.1B | 37.9% |
| Research & Development | −$14.2B | 6.3% |
| Selling, General & Administrative | −$34.9B | 15.5% |
| Other Operating Expenses | −$2.4B | 1.1% |
| Operating Income | $33.6B | 14.9% |
| Other Income, net | −$1.1B | 0.5% |
| Income Tax Expense | −$5.8B | 2.6% |
| Net Income | $26.7B | 11.9% |
Source: original SEC filing (filed 2023-11-16). Accession 0001104659-23-119081. Data normalized by EarningsFyi.