BABA Q4 2026 Earnings — Income Statement Breakdown
For its Q4 2026 period (ending 2026-03-31), BABA reported revenue of $243.4B, gross profit of $84.0B (34.5% gross margin), operating income of −$938M, and net income of $102.1B (42.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
BABA was profitable; revenue grew 2.9% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +2.9% | +753.0% | +36.9 pp |
| Quarter over quarter | −14.6% | +553.4% | +36.5 pp |
Consensus estimate data is not available for this report.
BABA Q4 2026 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $243.4B | 100% |
| Cost of Revenue | −$159.4B | 65.5% |
| Gross Profit | $84.0B | 34.5% |
| Research & Development | −$19.0B | 7.8% |
| Selling, General & Administrative | −$63.4B | 26.0% |
| Other Operating Expenses | −$2.6B | 1.1% |
| Operating Income | −$938M | -0.4% |
| Other Income, net | $110.2B | 45.3% |
| Income Tax Expense | −$7.2B | 2.9% |
| Net Income | $102.1B | 42.0% |
Source: original SEC filing (filed 2026-05-13). Accession 0001104659-26-060224. Data normalized by EarningsFyi.