BABA Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2025-09-30), BABA reported revenue of $247.8B, gross profit of $97.0B (39.2% gross margin), operating income of $5.4B, and net income of $20.6B (8.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; revenue grew 0.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +0.1% | −51.4% | −8.8 pp |
Consensus estimate data is not available for this report.
BABA Q2 2026 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $247.8B | 100% |
| Cost of Revenue | −$150.8B | 60.8% |
| Gross Profit | $97.0B | 39.2% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$91.6B | 37.0% |
| Operating Income | $5.4B | 2.2% |
| Other Income, net | $20.8B | 8.4% |
| Income Tax Expense | −$5.5B | 2.2% |
| Net Income | $20.6B | 8.3% |
Source: original SEC filing (filed 2025-11-25). Accession 0001104659-25-115949. Data normalized by EarningsFyi.