BABA Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-03-31), BABA reported revenue of $221.9B, gross profit of $73.8B (33.3% gross margin), operating income of $14.8B, and net income of $919M (0.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; revenue fell 14.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −14.8% | −91.4% | −3.7 pp |
Consensus estimate data is not available for this report.
BABA Q4 2024 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $221.9B | 100% |
| Cost of Revenue | −$148.1B | 66.7% |
| Gross Profit | $73.8B | 33.3% |
| Research & Development | −$14.1B | 6.3% |
| Selling, General & Administrative | −$42.8B | 19.3% |
| Other Operating Expenses | −$2.1B | 0.9% |
| Operating Income | $14.8B | 6.7% |
| Other Income, net | −$8.1B | 3.7% |
| Income Tax Expense | −$5.7B | 2.6% |
| Net Income | $919M | 0.4% |
Source: original SEC filing (filed 2024-05-14). Accession 0001104659-24-061145. Data normalized by EarningsFyi.