BABA Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2023-12-31), BABA reported revenue of $260.3B, gross profit of $104.1B (40.0% gross margin), operating income of $22.5B, and net income of $10.7B (4.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; revenue grew 15.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +15.8% | −59.9% | −7.8 pp |
Consensus estimate data is not available for this report.
BABA Q3 2024 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $260.3B | 100% |
| Cost of Revenue | −$156.2B | 60.0% |
| Gross Profit | $104.1B | 40.0% |
| Research & Development | −$13.5B | 5.2% |
| Selling, General & Administrative | −$45.0B | 17.3% |
| Other Operating Expenses | −$23.1B | 8.9% |
| Operating Income | $22.5B | 8.6% |
| Other Income, net | −$6.8B | 2.6% |
| Income Tax Expense | −$5.0B | 1.9% |
| Net Income | $10.7B | 4.1% |
Source: original SEC filing (filed 2024-02-07). Accession 0001104659-24-011604. Data normalized by EarningsFyi.