BABA Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-03-31), BABA reported revenue of $236.5B, gross profit of $90.8B (38.4% gross margin), operating income of $28.5B, and net income of $12.0B (5.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; revenue grew 6.6% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +6.6% | +1202.8% | +4.6 pp |
| Quarter over quarter | −15.6% | −74.2% | −11.5 pp |
Consensus estimate data is not available for this report.
BABA Q4 2025 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $236.5B | 100% |
| Cost of Revenue | −$145.6B | 61.6% |
| Gross Profit | $90.8B | 38.4% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$62.4B | 26.4% |
| Operating Income | $28.5B | 12.0% |
| Other Income, net | −$9.6B | 4.1% |
| Income Tax Expense | −$6.9B | 2.9% |
| Net Income | $12.0B | 5.1% |
Source: original SEC filing (filed 2025-05-15). Accession 0001104659-25-049400. Data normalized by EarningsFyi.