BABA Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2024-12-31), BABA reported revenue of $280.2B, gross profit of $117.6B (42.0% gross margin), operating income of $41.2B, and net income of $46.4B (16.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; revenue grew 7.6% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +7.6% | +333.3% | +12.5 pp |
| Quarter over quarter | −41.6% | −31.3% | +2.5 pp |
Consensus estimate data is not available for this report.
BABA Q3 2025 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $280.2B | 100% |
| Cost of Revenue | −$162.5B | 58.0% |
| Gross Profit | $117.6B | 42.0% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$76.4B | 27.3% |
| Operating Income | $41.2B | 14.7% |
| Other Income, net | $16.4B | 5.8% |
| Income Tax Expense | −$11.1B | 4.0% |
| Net Income | $46.4B | 16.6% |
Source: original SEC filing (filed 2025-02-20). Accession 0001104659-25-015648. Data normalized by EarningsFyi.