Alibaba Group (BABA) Financials

$120.34 -0.62 (-0.51%)

Closing price 08/8/2025 03:59 PM Eastern

Extended Trading

$120.38 +0.05 (+0.04%)

As of 08/8/2025 08:00 PM Eastern

Annual Income Statements for Alibaba Group

This table shows Alibaba Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	3,893	11,042	6,356	10,093	13,037	20,956	22,862	9,774	10,558	11,044	17,841
Consolidated Net Income / (Loss)	3,920	11,015	5,999	9,688	11,941	19,705	21,794	7,427	9,548	9,879	17,360
Net Income / (Loss) Continuing Operations	4,176	11,015	6,731	9,688	11,941	19,705	21,794	7,427	9,548	9,879	17,360
Total Pre-Tax Income	5,211	12,588	8,736	15,838	14,320	23,396	25,185	9,394	12,986	14,071	21,422
Total Operating Income	3,729	4,497	6,993	10,934	8,496	12,836	13,640	10,985	14,612	15,699	19,417
Total Gross Profit	8,441	10,320	14,376	22,593	25,288	31,918	45,035	49,471	46,449	49,145	54,854
Total Revenue	12,283	15,628	23,032	39,479	56,085	71,561	109,102	134,567	126,491	130,350	137,300
Operating Revenue	12,283	15,628	23,032	39,479	56,085	71,561	109,102	134,567	126,491	130,350	137,300
Total Cost of Revenue	3,842	5,308	8,656	16,886	30,797	39,643	64,066	85,096	80,042	81,205	82,446
Operating Cost of Revenue	3,842	5,308	8,656	16,886	30,797	39,643	64,066	85,096	80,042	81,205	82,446
Total Operating Expenses	4,712	5,823	7,383	11,659	16,792	19,082	31,395	38,486	31,837	33,447	35,437
Selling, General & Admin Expense	1,257	1,422	1,781	2,562	3,704	3,959	8,400	5,036	6,142	5,815	6,096
Marketing Expense	1,372	1,747	2,374	4,306	5,920	7,114	12,399	18,898	15,070	15,947	19,847
Research & Development Expense	1,718	2,130	2,483	3,589	5,571	6,048	8,706	8,749	8,263	7,237	7,876
Amortization Expense	337	453	745	1,123	1,596	1,880	1,890	1,837	1,966	2,990	873
Impairment Charge	28	70	0.00	78	0.00	81	0.00	3,966	395	1,457	850
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	0.00	0.00	-105
Total Other Income / (Expense), net	1,481	8,092	1,742	4,904	5,825	10,560	11,545	-1,591	-1,626	-1,628	2,005
Interest Expense	443	301	389	563	772	727	681	774	862	1,101	1,322
Interest & Investment Income	1,524	8,074	1,246	4,810	6,564	10,243	11,072	-2,477	-1,612	-1,380	2,861
Other Income / (Expense), net	401	318	886	656	33	1,044	1,153	1,660	848	853	467
Income Tax Expense	1,034	1,306	2,005	2,871	2,464	2,887	4,453	4,230	2,264	3,120	4,884
Other Gains / (Losses), net	-	-267	-	-3,280	84	-805	1,062	2,263	-1,174	-1,071	822
Preferred Stock Dividends Declared	18	0.00	0.00	17	43	24	41	46	40	37	88
Net Income / (Loss) Attributable to Noncontrolling Interest	9.51	-26	-356	-423	-1,139	-1,275	-1,109	-2,393	-1,050	-1,202	-570
Basic Earnings per Share	$10.33	$29.07	$17.52	$3.13	$4.24	$7.10	$1.06	$2.87	$0.50	$0.55	$0.95
Weighted Average Basic Shares Outstanding	2.34B	2.46B	2.49B	20.43B	20.64B	21.02B	21.62B	21.56B	20.98B	20.18B	18.79B
Diluted Earnings per Share	$9.70	$27.89	$16.97	$3.06	$4.17	$6.99	$1.04	$2.84	$0.50	$0.54	$0.92
Weighted Average Diluted Shares Outstanding	2.50B	2.56B	2.57B	20.88B	20.99B	21.35B	21.98B	21.79B	21.11B	20.36B	19.32B
Weighted Average Basic & Diluted Shares Outstanding	2.50B	2.47B	2.53B	2.57B	2.59B	21.49B	21.70B	21.36B	20.53B	19.47B	18.47B

No quarterly income statements for Alibaba Group are available.

This table details how cash moves in and out of Alibaba Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Change in Cash & Equivalents	12,113	-212	5,563	8,887	-630	20,707	1,595	-20,368	314	7,882	-13,388
Net Cash From Operating Activities	6,644	8,782	12,057	19,845	22,469	25,356	35,255	22,520	29,086	25,289	22,532
Net Cash From Continuing Operating Activities	6,644	8,782	12,057	19,845	22,469	25,356	35,255	22,520	29,086	25,289	22,532
Net Income / (Loss) Continuing Operations	3,920	11,015	5,999	9,688	11,941	19,705	21,794	7,427	9,548	9,879	17,360
Consolidated Net Income / (Loss)	3,920	11,015	5,999	9,688	11,941	19,705	21,794	7,427	9,548	9,879	17,360
Depreciation Expense	375	583	769	1,386	2,227	2,881	4,014	4,387	4,048	3,690	4,032
Amortization Expense	377	547	1,349	2,129	3,331	3,075	3,273	3,195	2,787	2,474	1,819
Non-Cash Adjustments To Reconcile Net Income	1,583	-4,437	2,515	3,058	171	-3,312	-1,508	10,374	12,254	11,150	-6,195
Changes in Operating Assets and Liabilities, net	388	1,074	1,424	3,585	4,800	3,007	7,682	-2,863	450	-1,904	5,516
Net Cash From Investing Activities	-8,616	-6,618	-11,581	-13,213	-22,482	-15,173	-37,143	-31,327	-19,731	-3,023	-25,551
Net Cash From Continuing Investing Activities	-8,616	-6,618	-11,581	-13,132	-22,482	-15,173	-37,143	-31,327	-19,914	-3,023	-25,635
Purchase of Property, Plant & Equipment	-769	-840	-827	-2,461	-5,281	-4,570	-6,305	-8,409	-4,999	-4,444	-11,847
Acquisitions	-3,760	-1,849	-5,819	-1,692	-18,168	-3,843	-3,175	-647	-361	-422	-36
Purchase of Investments	-3,962	-5,808	-6,456	-10,557	-571	-11,166	-29,052	-24,639	-9,011	-1,534	-19,367
Sale of Property, Plant & Equipment	-	-	-	-	-	-	0.00	0.00	94	52	335
Divestitures	16	1,548	755	971	42	-15	-19	-1.74	-0.73	97	-700
Sale and/or Maturity of Investments	151	1,050	702	1,160	1,497	2,634	966	2,222	3,113	3,053	2,546
Other Investing Activities, net	-292	-719	63	-635	0.00	1,787	442	148	-8,749	175	3,433
Net Cash From Financing Activities	14,103	-2,448	4,790	3,212	-1,100	9,947	4,576	-10,167	-9,555	-14,992	-10,503
Net Cash From Continuing Financing Activities	14,103	-2,448	4,790	3,212	-1,100	9,947	4,576	-10,028	-9,555	-14,992	-10,503
Repayment of Debt	-25,233	-4,094	-9,800	-6,199	-2,433	-4,456	-1,074	-2,636	-1,667	-2,508	-8,254
Repurchase of Common Equity	-44	-3,059	-1,918	0.00	-1,618	0.00	-118	-9,658	-10,884	-12,291	-11,942
Payment of Dividends	-27	-0.46	-24	-18	-34	-39	-72	0.00	-71	-2,561	-4,098
Issuance of Debt	39,397	4,584	14,069	11,459	1,803	2,207	5,842	1,487	3,318	2,849	17,147
Issuance of Common Equity	28	8.65	2,350	240	1,348	14,398	1,703	1,948	135	335	332
Other Financing Activities, net	-19	112	113	-2,271	-167	-2,162	-1,706	-1,168	-387	-816	-3,687
Effect of Exchange Rate Changes	-18	72	297	-957	483	576	-1,093	-1,394	514	608	133
Cash Interest Paid	154	241	359	455	740	711	624	771	821	1,085	1,222
Cash Income Taxes Paid	557	999	1,405	1,587	2,339	3,015	3,179	5,006	3,855	4,499	4,604

No quarterly cash flow statements for Alibaba Group are available.

This table presents Alibaba Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Total Assets	41,173	56,283	73,752	113,124	143,629	184,337	257,087	267,467	255,263	244,426	248,629
Total Current Assets	22,906	20,711	26,465	40,518	40,224	64,992	97,857	100,726	101,632	104,270	92,886
Cash & Equivalents	17,439	16,505	20,917	31,440	28,274	46,401	48,865	29,956	28,115	34,365	20,049
Restricted Cash	370	208	386	539	1,268	2,173	5,355	5,908	5,304	5,304	6,033
Short-Term Investments	2,870	1,372	1,028	1,720	1,963	4,593	24,668	41,832	48,253	44,722	38,944
Other Current Assets	2,226	2,626	4,134	6,819	8,720	11,825	18,968	23,030	19,959	19,880	27,860
Plant, Property, & Equipment, net	1,473	2,106	2,940	10,488	13,697	14,515	22,422	27,102	25,632	25,645	28,022
Total Noncurrent Assets	16,794	33,466	44,347	62,118	89,709	104,830	136,808	139,639	127,999	114,511	127,721
Long-Term Investments	7,816	18,674	22,093	28,062	35,948	49,273	66,531	69,921	65,979	58,733	78,133
Goodwill	6,759	12,616	18,251	25,578	39,429	38,859	44,531	42,525	39,037	35,965	35,209
Intangible Assets	1,060	830	2,053	4,333	10,161	8,557	10,774	9,343	6,831	3,733	2,882
Other Noncurrent Operating Assets	1,159	1,346	1,949	4,145	4,170	8,141	14,972	17,849	16,152	16,080	11,497
Total Liabilities & Shareholders' Equity	41,173	56,283	73,752	113,124	143,629	184,337	257,087	267,467	255,263	244,426	248,629
Total Liabilities	15,694	17,670	26,586	43,804	52,041	60,838	92,263	96,755	91,753	90,333	98,409
Total Current Liabilities	6,395	8,041	13,616	21,424	30,907	33,958	57,397	60,540	56,111	58,378	59,992
Short-Term Debt	321	665	2,168	951	3,344	724	2,044	1,395	1,786	4,017	3,109
Accounts Payable	3,197	4,224	6,836	12,804	17,519	22,679	39,720	42,822	40,181	41,256	45,825
Customer Deposits	1,161	1,130	1,192	1,511	1,602	1,915	2,284	2,326	1,936	1,764	38
Current Deferred Revenue	1,276	1,591	2,190	3,517	4,583	5,382	9,505	10,566	10,381	10,085	9,417
Current Deferred & Payable Income Tax Liabilities	441	431	891	2,159	2,632	2,835	3,844	3,431	1,826	1,256	1,604
Total Noncurrent Liabilities	9,299	9,629	12,970	22,380	21,134	26,880	34,866	36,215	35,642	31,955	38,416
Long-Term Debt	8,157	8,230	11,181	18,855	16,644	16,886	20,643	20,902	21,709	19,636	28,683
Noncurrent Deferred Revenue	72	65	93	157	218	284	480	551	518	564	625
Noncurrent Deferred & Payable Income Tax Liabilities	724	1,000	1,508	3,046	3,351	6,163	9,065	9,734	8,991	7,342	6,677
Other Noncurrent Operating Liabilities	347	335	188	323	921	3,547	4,678	5,028	4,424	4,414	2,431
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	106	54	435	473	1,015	1,278	1,319	1,523	1,435	1,486	1,614
Total Equity & Noncontrolling Interests	25,373	38,558	46,731	68,847	90,574	122,221	163,504	169,189	162,075	152,607	148,607
Total Preferred & Common Equity	23,443	33,528	40,571	57,707	73,261	106,055	142,592	149,619	144,105	136,635	139,162
Total Common Equity	23,443	33,528	40,571	57,707	73,261	106,055	142,592	149,619	144,105	136,635	139,162
Common Stock	18,882	20,428	23,951	29,462	34,496	48,255	59,975	64,756	60,703	55,122	52,556
Retained Earnings	4,004	12,169	15,798	27,188	38,380	57,041	84,405	88,899	87,225	82,808	88,949
Treasury Stock	0.00	0.00	-411	-352	-	-	0.00	-350	-4,188	-3,834	-5,006
Accumulated Other Comprehensive Income / (Loss)	371	594	740	802	-348	-90	-2,900	-5,230	-1,517	498	468
Other Equity Adjustments	186	337	494	608	733	849	1,110	1,545	1,882	2,040	2,196
Noncontrolling Interest	1,930	5,030	6,160	11,139	17,312	16,166	20,913	19,570	17,969	15,973	9,444

This table presents Alibaba Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q4 2023	Q4 2024
Period end date	3/31/2022	3/31/2023	3/31/2024
Total Assets	267,467	255,263	244,426
Total Current Assets	100,726	101,632	104,270
Cash & Equivalents	29,956	28,115	34,365
Restricted Cash	5,908	5,304	5,304
Short-Term Investments	41,832	48,253	44,722
Other Current Assets	23,030	19,959	19,880
Plant, Property, & Equipment, net	27,102	25,632	25,645
Total Noncurrent Assets	139,639	127,999	114,511
Long-Term Investments	69,921	65,979	58,733
Goodwill	42,525	39,037	35,965
Intangible Assets	9,343	6,831	3,733
Other Noncurrent Operating Assets	17,849	16,152	16,080
Total Liabilities & Shareholders' Equity	267,467	255,263	244,426
Total Liabilities	96,755	91,753	90,333
Total Current Liabilities	60,540	56,111	58,378
Short-Term Debt	1,395	1,786	4,017
Accounts Payable	42,822	40,181	41,256
Customer Deposits	2,326	1,936	1,764
Current Deferred Revenue	10,566	10,381	10,085
Current Deferred & Payable Income Tax Liabilities	3,431	1,826	1,256
Total Noncurrent Liabilities	36,215	35,642	31,955
Long-Term Debt	20,902	21,709	19,636
Noncurrent Deferred Revenue	551	518	564
Noncurrent Deferred & Payable Income Tax Liabilities	9,734	8,991	7,342
Other Noncurrent Operating Liabilities	5,028	4,424	4,414
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	1,523	1,435	1,486
Total Equity & Noncontrolling Interests	169,189	162,075	152,607
Total Preferred & Common Equity	149,619	144,105	136,635
Total Common Equity	149,619	144,105	136,635
Common Stock	64,756	60,703	55,122
Retained Earnings	88,899	87,225	82,808
Treasury Stock	-350	-4,188	-3,834
Accumulated Other Comprehensive Income / (Loss)	-5,230	-1,517	498
Other Equity Adjustments	1,545	1,882	2,040
Noncontrolling Interest	19,570	17,969	15,973

This table displays calculated financial ratios and metrics derived from Alibaba Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	45.18%	27.23%	47.37%	71.41%	42.06%	27.60%	52.46%	23.34%	-6.00%	3.05%	5.33%
EBITDA Growth	4.45%	21.77%	68.17%	51.10%	-6.75%	40.83%	11.31%	-8.39%	10.22%	1.89%	13.29%
EBIT Growth	-6.29%	16.59%	63.64%	47.11%	-26.42%	62.76%	6.58%	-14.52%	22.26%	7.06%	20.13%
NOPAT Growth	-15.49%	34.84%	33.69%	66.14%	-21.43%	59.97%	-0.21%	-46.22%	99.79%	1.27%	22.69%
Net Income Growth	3.94%	181.00%	-45.54%	61.48%	23.26%	65.02%	10.60%	-65.92%	28.57%	3.47%	75.72%
EPS Growth	-3.00%	187.53%	-39.15%	-81.97%	36.27%	67.63%	-85.12%	172.97%	20.77%	13.99%	70.51%
Operating Cash Flow Growth	56.29%	32.19%	37.29%	64.59%	13.22%	12.85%	39.04%	-36.12%	29.16%	-13.06%	-10.90%
Free Cash Flow Firm Growth	-275.96%	-88.77%	103.59%	-5,245.06%	-318.94%	271.81%	-53.28%	-64.92%	560.96%	-6.36%	-36.53%
Invested Capital Growth	202.33%	96.82%	49.71%	70.06%	61.24%	-12.36%	8.85%	7.84%	-13.30%	-12.03%	12.23%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.72%	66.03%	62.42%	57.23%	45.09%	44.60%	41.28%	36.76%	36.72%	37.70%	39.95%
EBITDA Margin	39.74%	38.04%	43.40%	38.26%	25.12%	27.72%	20.24%	15.03%	17.63%	17.43%	18.74%
Operating Margin	60.72%	28.77%	30.36%	27.70%	15.15%	17.94%	12.50%	8.16%	11.55%	12.04%	14.14%
EBIT Margin	67.24%	30.81%	34.21%	29.36%	15.21%	19.40%	13.56%	9.40%	12.22%	12.70%	14.48%
Profit (Net Income) Margin	63.83%	70.48%	26.05%	24.54%	21.29%	27.54%	19.98%	5.52%	7.55%	7.58%	12.64%
Tax Burden Percent	150.47%	87.51%	68.68%	61.17%	83.39%	84.22%	86.54%	79.06%	73.52%	70.21%	81.04%
Interest Burden Percent	126.17%	261.45%	110.88%	136.65%	167.91%	168.55%	170.24%	74.29%	84.00%	85.01%	107.74%
Effective Tax Rate	19.85%	10.37%	22.95%	18.13%	17.20%	12.34%	17.68%	45.03%	17.43%	22.18%	22.80%
Return on Invested Capital (ROIC)	82.26%	49.73%	40.15%	41.20%	19.68%	27.18%	27.81%	13.81%	28.47%	33.03%	40.80%
ROIC Less NNEP Spread (ROIC-NNEP)	149.58%	20.55%	38.08%	39.19%	8.70%	14.41%	17.63%	12.69%	30.49%	34.95%	38.75%
Return on Net Nonoperating Assets (RNNOA)	-57.79%	-15.36%	-26.16%	-24.57%	-4.84%	-8.86%	-12.69%	-9.38%	-22.76%	-26.81%	-29.39%
Return on Equity (ROE)	24.47%	34.37%	13.99%	16.63%	14.84%	18.32%	15.12%	4.43%	5.71%	6.22%	11.41%
Cash Return on Invested Capital (CROIC)	-18.32%	-15.51%	0.34%	-10.68%	-27.21%	40.36%	19.33%	6.26%	42.72%	45.83%	29.28%
Operating Return on Assets (OROA)	27.95%	9.88%	12.12%	12.40%	6.64%	8.46%	6.70%	4.82%	5.92%	6.62%	8.07%
Return on Assets (ROA)	13.26%	22.61%	9.23%	10.37%	9.30%	12.02%	9.87%	2.83%	3.65%	3.95%	7.04%
Return on Common Equity (ROCE)	21.52%	30.56%	12.08%	14.03%	12.08%	15.28%	13.04%	3.86%	5.02%	5.50%	10.34%
Return on Equity Simple (ROE_SIMPLE)	33.46%	32.85%	14.79%	16.79%	16.30%	18.58%	15.28%	4.96%	6.63%	7.23%	12.47%
Net Operating Profit after Tax (NOPAT)	2,989	4,030	5,388	8,952	7,034	11,253	11,228	6,039	12,065	12,218	14,990
NOPAT Margin	24.33%	25.79%	23.39%	22.68%	12.54%	15.72%	10.29%	4.49%	9.54%	9.37%	10.92%
Net Nonoperating Expense Percent (NNEP)	7.52%	29.18%	2.07%	2.01%	10.97%	12.78%	10.18%	1.12%	-2.02%	-1.92%	2.05%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	8.31%
Cost of Revenue to Revenue	31.28%	33.97%	37.58%	42.77%	54.91%	55.40%	58.72%	63.24%	63.28%	62.30%	60.05%
SG&A Expenses to Revenue	20.47%	9.10%	7.73%	6.49%	6.60%	5.53%	7.70%	3.74%	4.86%	4.46%	4.44%
R&D to Revenue	27.97%	13.63%	10.78%	9.09%	9.93%	8.45%	7.98%	6.50%	6.53%	5.55%	5.74%
Operating Expenses to Revenue	38.36%	37.26%	32.06%	29.53%	29.94%	26.66%	28.78%	28.60%	25.17%	25.66%	25.81%
Earnings before Interest and Taxes (EBIT)	4,130	4,815	7,879	11,590	8,529	13,881	14,793	12,645	15,460	16,552	19,884
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,882	5,945	9,997	15,106	14,086	19,837	22,081	20,227	22,295	22,715	25,735
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.73	0.81	0.99	0.79	0.59	4.22	1.95	1.87	1.36	2.27
Price to Tangible Book Value (P/TBV)	0.00	1.21	1.62	2.06	2.45	1.06	6.89	2.98	2.74	1.92	3.13
Price to Revenue (P/Rev)	0.00	1.56	1.43	1.45	1.03	0.87	5.51	2.16	2.13	1.42	2.31
Price to Earnings (P/E)	0.00	2.20	5.18	5.67	4.44	2.96	26.29	29.79	25.49	16.81	17.74
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.38%	2.05%
Earnings Yield	0.00%	45.39%	19.32%	17.63%	22.53%	33.77%	3.80%	3.36%	3.92%	5.95%	5.64%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.14	0.52	0.98	0.65	0.00	11.89	4.12	4.18	2.42	5.56
Enterprise Value to Revenue (EV/Rev)	0.00	0.10	0.37	0.68	0.51	0.00	4.59	1.39	1.30	0.64	1.57
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.26	0.84	1.78	2.04	0.00	22.67	9.24	7.37	3.68	8.40
Enterprise Value to EBIT (EV/EBIT)	0.00	0.32	1.07	2.32	3.37	0.00	33.83	14.79	10.63	5.05	10.87
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.38	1.56	3.01	4.09	0.00	44.58	30.96	13.63	6.85	14.42
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.18	0.70	1.36	1.28	0.00	14.20	8.30	5.65	3.31	9.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	186.70	0.00	0.00	0.00	64.12	68.27	9.08	4.93	20.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.23	0.28	0.29	0.22	0.14	0.14	0.13	0.14	0.15	0.21
Long-Term Debt to Equity	0.32	0.21	0.24	0.27	0.18	0.14	0.13	0.12	0.13	0.13	0.19
Financial Leverage	-1.55	-0.75	-0.69	-0.63	-0.56	-0.62	-0.72	-0.74	-0.75	-0.77	-0.76
Leverage Ratio	1.85	1.52	1.52	1.60	1.60	1.52	1.53	1.56	1.56	1.57	1.62
Compound Leverage Factor	4.66	3.98	1.68	2.19	2.68	2.57	2.61	1.16	1.31	1.34	1.75
Debt to Total Capital	49.93%	18.72%	22.06%	22.22%	17.91%	12.48%	12.10%	11.55%	12.56%	13.31%	17.47%
Short-Term Debt to Total Capital	0.94%	1.40%	3.58%	1.07%	3.00%	0.51%	1.09%	0.72%	0.96%	2.26%	1.71%
Long-Term Debt to Total Capital	24.02%	17.32%	18.48%	21.16%	14.92%	11.97%	11.01%	10.83%	11.61%	11.05%	15.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	6.00%	10.70%	10.90%	13.03%	16.43%	12.36%	11.86%	10.93%	10.38%	9.82%	6.08%
Common Equity to Total Capital	138.08%	70.58%	67.04%	64.75%	65.66%	75.16%	76.04%	77.52%	77.06%	76.87%	76.46%
Debt to EBITDA	1.74	1.50	1.34	1.31	1.42	0.89	1.03	1.10	1.05	1.04	1.24
Net Debt to EBITDA	-8.20	-4.69	-3.11	-2.78	-3.37	-4.28	-5.56	-6.20	-5.57	-5.26	-4.33
Long-Term Debt to EBITDA	1.67	1.38	1.12	1.25	1.18	0.85	0.93	1.03	0.97	0.86	1.11
Debt to NOPAT	5.67	2.21	2.48	2.21	2.84	1.57	2.02	3.69	1.95	1.94	2.12
Net Debt to NOPAT	-6.70	-6.91	-5.77	-4.69	-6.75	-7.54	-10.93	-20.75	-10.29	-9.78	-7.43
Long-Term Debt to NOPAT	5.46	2.04	2.08	2.11	2.37	1.50	1.84	3.46	1.80	1.61	1.91
Altman Z-Score	0.00	1.96	1.92	2.01	1.71	1.88	5.17	3.11	3.15	2.69	3.41
Noncontrolling Interest Sharing Ratio	24.14%	11.11%	13.62%	15.63%	18.61%	16.63%	13.76%	12.91%	12.12%	11.61%	9.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.58	2.58	1.94	1.89	1.30	1.91	1.70	1.66	1.81	1.79	1.55
Quick Ratio	6.35	2.22	1.61	1.55	0.98	1.50	1.28	1.19	1.36	1.35	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-666	-1,257	45	-2,321	-9,725	16,707	7,806	2,739	18,102	16,950	10,757
Operating Cash Flow to CapEx	864.09%	1,045.16%	1,458.70%	806.39%	425.50%	554.86%	559.19%	267.80%	592.98%	575.75%	195.72%
Free Cash Flow to Firm to Interest Expense	-3.00	-4.18	0.12	-4.13	-12.59	22.97	11.47	3.54	21.01	15.40	8.14
Operating Cash Flow to Interest Expense	29.98	29.21	31.02	35.28	29.09	34.87	51.78	29.08	33.75	22.98	17.04
Operating Cash Flow Less CapEx to Interest Expense	13.25	26.41	28.89	30.90	22.25	28.58	42.52	18.22	28.06	18.99	8.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.32	0.35	0.42	0.44	0.44	0.49	0.51	0.48	0.52	0.56
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.35	8.73	9.13	5.88	4.64	5.07	5.91	5.43	4.80	5.08	5.12
Accounts Payable Turnover	1.50	1.43	1.57	1.72	2.03	1.97	2.05	2.06	1.93	1.99	1.89
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	242.87	255.11	233.18	212.27	179.69	185.05	177.75	177.02	189.25	183.02	192.76
Cash Conversion Cycle (CCC)	-485.33	-255.11	-233.18	-212.27	-179.69	-185.05	-177.75	-177.02	-189.25	-183.02	-192.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,461	10,748	16,091	27,365	44,123	38,669	42,091	45,391	39,353	34,621	38,853
Invested Capital Turnover	3.38	1.93	1.72	1.82	1.57	1.73	2.70	3.08	2.99	3.52	3.74
Increase / (Decrease) in Invested Capital	3,655	5,287	5,343	11,273	16,759	-5,455	3,422	3,300	-6,037	-4,732	4,232
Enterprise Value (EV)	0.00	1,545	8,423	26,918	28,740	-5,329	500,530	186,964	164,416	83,644	216,165
Market Capitalization	0.00	24,325	32,903	57,260	57,878	62,057	601,031	291,192	269,168	185,658	316,474
Book Value per Share	$10.03	$13.44	$16.40	$22.81	$28.48	$40.99	$6.63	$6.90	$6.75	$6.77	$7.15
Tangible Book Value per Share	$6.69	$8.05	$8.19	$10.99	$9.20	$22.67	$4.06	$4.50	$4.60	$4.80	$5.19
Total Capital	33,956	47,507	60,516	89,126	111,576	141,109	187,510	193,008	187,005	177,745	182,012
Total Debt	8,477	8,895	13,349	19,806	19,987	17,610	22,687	22,296	23,495	23,652	31,792
Total Long-Term Debt	8,157	8,230	11,181	18,855	16,644	16,886	20,643	20,902	21,709	19,636	28,683
Net Debt	-20,018	-27,864	-31,075	-41,955	-47,465	-84,831	-122,733	-125,321	-124,156	-119,472	-111,367
Capital Expenditures (CapEx)	769	840	827	2,461	5,281	4,570	6,305	8,409	4,905	4,392	11,513
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,847	-4,750	-7,314	-13,654	-18,843	-21,409	-36,385	-36,116	-34,366	-34,482	-29,023
Debt-free Net Working Capital (DFNWC)	16,832	13,335	15,017	20,045	12,661	31,758	42,503	41,581	47,306	49,909	36,003
Net Working Capital (NWC)	16,512	12,670	12,850	19,094	9,317	31,035	40,460	40,186	45,520	45,892	32,894
Net Nonoperating Expense (NNE)	-931	-6,985	-611	-735	-4,907	-8,452	-10,566	-1,388	2,516	2,338	-2,370
Net Nonoperating Obligations (NNO)	-20,018	-27,864	-31,075	-41,955	-47,465	-84,831	-122,733	-125,321	-124,156	-119,472	-111,367
Total Depreciation and Amortization (D&A)	752	1,130	2,118	3,515	5,558	5,957	7,287	7,582	6,835	6,164	5,851
Debt-free, Cash-free Net Working Capital to Revenue	-62.62%	-30.39%	-31.75%	-34.58%	-33.60%	-29.92%	-33.35%	-26.84%	-27.17%	-26.45%	-21.14%
Debt-free Net Working Capital to Revenue	137.04%	85.32%	65.20%	50.78%	22.57%	44.38%	38.96%	30.90%	37.40%	38.29%	26.22%
Net Working Capital to Revenue	268.85%	81.07%	55.79%	48.37%	16.61%	43.37%	37.08%	29.86%	35.99%	35.21%	23.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.67	$4.51	$2.55	$25.06	$5.06	$7.10	$6.95	$2.87	$0.50	$3.95	$0.95
Adjusted Weighted Average Basic Shares Outstanding	2.34B	2.46B	2.49B	2.55B	2.58B	21.02B	21.62B	21.56B	20.98B	20.18B	18.79B
Adjusted Diluted Earnings per Share	$1.56	$4.33	$2.47	$3.91	$4.97	$6.99	$6.84	$2.84	$0.50	$3.91	$0.92
Adjusted Weighted Average Diluted Shares Outstanding	2.50B	2.56B	2.57B	2.61B	2.62B	21.35B	21.98B	21.79B	21.11B	20.36B	19.32B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.50B	2.47B	2.53B	2.57B	2.59B	21.49B	21.70B	21.36B	20.53B	19.47B	18.47B
Normalized Net Operating Profit after Tax (NOPAT)	3,012	4,093	5,388	9,016	7,034	11,323	11,228	8,219	12,391	13,352	15,565
Normalized NOPAT Margin	49.04%	26.19%	23.39%	22.84%	12.54%	15.82%	10.29%	6.11%	9.80%	10.24%	11.34%
Pre Tax Income Margin	42.42%	80.55%	37.93%	40.12%	25.53%	32.69%	23.08%	6.98%	10.27%	10.79%	15.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.32	16.01	20.27	20.60	11.04	19.09	21.73	16.33	17.94	15.04	15.04
NOPAT to Interest Expense	6.74	13.40	13.86	15.91	9.11	15.47	16.49	7.80	14.00	11.10	11.34
EBIT Less CapEx to Interest Expense	15.16	13.22	18.14	16.23	4.20	12.80	12.47	5.47	12.25	11.05	6.33
NOPAT Less CapEx to Interest Expense	5.01	10.61	11.74	11.54	2.27	9.19	7.23	-3.06	8.31	7.11	2.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.36%	0.00%	0.40%	0.18%	0.28%	0.20%	0.33%	0.00%	0.75%	25.92%	23.61%
Augmented Payout Ratio	1.79%	27.77%	32.37%	0.18%	13.83%	0.20%	0.87%	130.05%	114.73%	150.34%	92.40%

No quarterly metrics and ratios for Alibaba Group are available.

Key Financial Trends

Alibaba Group's balance sheet shows several notable trends over the past three fiscal years ending fiscal year 2024. Overall, the company’s total assets have declined from approximately $267.5 billion in FY 2022 to $244.4 billion in FY 2024. This reduction reflects changes in both current and non-current asset categories.

Cash & Equivalents increased significantly in FY 2024 to $34.4 billion from $28.1 billion in FY 2023, enhancing liquidity.
Restricted Cash has remained steady around $5.3 billion, providing stable short-term cash reserves.
Accounts Payable increased to $41.3 billion in FY 2024 compared to $40.2 billion in FY 2023, which may improve short-term cash flow through extended payables.
Total Equity & Noncontrolling Interests remain robust at $152.6 billion in FY 2024, providing a solid capital base, though slightly down from $162.1 billion in FY 2023.
Plant, Property, & Equipment, net held relatively steady around $25.6 billion in both FY 2023 and FY 2024, indicating stable investment in physical assets.
Noncontrolling Interests decreased to $15.97 billion in FY 2024 from $17.97 billion in FY 2023, reflecting changes in minority shareholders’ stakes.
Short-Term Investments decreased from $48.3 billion in FY 2023 to $44.7 billion in FY 2024, suggesting some liquidity was used or moved to other assets.
Long-Term Investments fell significantly to $58.7 billion in FY 2024 from $65.9 billion in FY 2023 and $69.9 billion in FY 2022, indicating asset disposals or write-downs.
Goodwill and Intangible Assets saw declines, with Goodwill dropping from $39.0 billion in FY 2023 to $35.9 billion in FY 2024, and Intangible Assets more than halving from $6.8 billion to $3.7 billion, possibly reflecting impairment or asset restructuring.
Total Liabilities decreased slightly to $90.3 billion in FY 2024 from $91.8 billion in FY 2023 but remain elevated, with notable increases in Short-Term Debt from $1.8 billion to $4.0 billion, indicating higher short-term borrowing.

In summary, Alibaba’s balance sheet reveals efforts to improve liquidity through increased cash holdings while managing liabilities moderately. However, declining long-term investments and intangible assets may suggest ongoing restructuring or impairments. Investors should monitor how these shifts impact the company’s long-term growth prospects and profitability.

08/10/25 02:13 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Alibaba Group's Financials

When does Alibaba Group's financial year end?

According to the most recent income statement we have on file, Alibaba Group's fiscal year ends in March. Their fiscal year 2025 ended on March 31, 2025.

How has Alibaba Group's net income changed over the last 10 years?

Alibaba Group's net income appears to be on an upward trend, with a most recent value of $17.36 billion in 2025, rising from $3.92 billion in 2015. The previous period was $9.88 billion in 2024. Check out Alibaba Group's forecast to explore projected trends and price targets.

What is Alibaba Group's operating income?

Alibaba Group's total operating income in 2025 was $19.42 billion, based on the following breakdown:

Total Gross Profit: $54.85 billion
Total Operating Expenses: $35.44 billion

How has Alibaba Group's revenue changed over the last 10 years?

Over the last 10 years, Alibaba Group's total revenue changed from $12.28 billion in 2015 to $137.30 billion in 2025, a change of 1,017.8%.

How much debt does Alibaba Group have?

Alibaba Group's total liabilities were at $98.41 billion at the end of 2025, a 8.9% increase from 2024, and a 527.1% increase since 2015.

How much cash does Alibaba Group have?

In the past 10 years, Alibaba Group's cash and equivalents has ranged from $16.51 billion in 2016 to $48.86 billion in 2021, and is currently $20.05 billion as of their latest financial filing in 2025.

How has Alibaba Group's book value per share changed over the last 10 years?

Over the last 10 years, Alibaba Group's book value per share changed from 10.03 in 2015 to 7.15 in 2025, a change of -28.7%.

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This page (NYSE:BABA) was last updated on 8/10/2025 by MarketBeat.com Staff

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Alibaba Group (BABA) Financials

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