BABA Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2025-06-30), BABA reported revenue of $247.7B, gross profit of $111.2B (44.9% gross margin), operating income of $35.0B, and net income of $42.4B (17.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; revenue grew 1.8% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +1.8% | +76.4% | +7.2 pp |
| Quarter over quarter | +4.7% | +254.0% | +12.0 pp |
Consensus estimate data is not available for this report.
BABA Q1 2026 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $247.7B | 100% |
| Cost of Revenue | −$136.4B | 55.1% |
| Gross Profit | $111.2B | 44.9% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$76.2B | 30.8% |
| Operating Income | $35.0B | 14.1% |
| Other Income, net | $16.3B | 6.6% |
| Income Tax Expense | −$8.9B | 3.6% |
| Net Income | $42.4B | 17.1% |
Source: original SEC filing (filed 2025-08-29). Accession 0001104659-25-085638. Data normalized by EarningsFyi.