BABA Q3 2026 Earnings — Income Statement Breakdown
For its Q3 2026 period (ending 2025-12-31), BABA reported revenue of $284.8B, gross profit of $115.3B (40.5% gross margin), operating income of $10.6B, and net income of $15.6B (5.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; revenue grew 1.7% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +1.7% | −66.3% | −11.1 pp |
| Quarter over quarter | +15.0% | −24.2% | −2.8 pp |
Consensus estimate data is not available for this report.
BABA Q3 2026 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $284.8B | 100% |
| Cost of Revenue | −$169.5B | 59.5% |
| Gross Profit | $115.3B | 40.5% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$104.7B | 36.7% |
| Operating Income | $10.6B | 3.7% |
| Other Income, net | $13.4B | 4.7% |
| Income Tax Expense | −$8.5B | 3.0% |
| Net Income | $15.6B | 5.5% |
Source: original SEC filing (filed 2026-03-19). Accession 0001104659-26-032060. Data normalized by EarningsFyi.