BABA Q2 2026 results at a glance
BABA Q2 2026 key results metrics| Quarter | Q2 2026 |
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| Quarter ended | 30 Jun 2026 |
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| Revenue | CNY 268.95B |
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| Revenue YoY | +8.6% |
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| Operating profit | CNY 19.62B |
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| Operating margin | 7.3% |
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| Net profit | CNY 10.61B |
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| Net profit YoY | -73.9% |
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| Net profit QoQ | -58.4% |
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| Net margin | 3.9% |
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| Basic EPS | CNY 4.48 |
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| TTM revenue | CNY 1044.97B |
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| TTM net profit | CNY 73.56B |
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| TTM net margin | 7.0% |
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BABA Q2 2026 results: what the numbers say
BABA (BABA) has reported its Q2 2026 results for the quarter ended 2026-06-30. The company posted revenue of CNY 268.95B and a net profit of CNY 10.61B, translating into earnings per share of CNY 4.48.
Compared with the same quarter a year earlier, revenue grew by +8.6% and net profit declined sharply by -73.9%. Profit trailing revenue growth suggests costs, interest or tax absorbed part of the topline gain.
Operating profit for the quarter stood at CNY 19.62B, an operating margin of 7.3% versus 14.1% a year ago — a contraction of 6.8 percentage points.
BABA quarter-wise results table
Revenue
CNY 268.95B
+8.6% YoY
Net profit
CNY 10.61B
-73.9% YoY
Operating profit
CNY 19.62B
-43.9% YoY
BABA (BABA) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q2 20262026-06-30 | CNY 268.95B | CNY 19.62B | CNY 10.61B | 7.3% | 3.9% | CNY 4.48 | -73.9% | -58.4% |
| Q1 20262026-03-31 | CNY 243.38B | -CNY 848.00M | CNY 25.54B | -0.3% | 10.5% | CNY 10.96 | — | +55.9% |
| Q4 20252025-12-31 | CNY 284.84B | CNY 20.16B | CNY 16.38B | 7.1% | 5.8% | CNY 7.04 | — | -22.1% |
| Q3 20252025-09-30 | CNY 247.79B | CNY 5.37B | CNY 21.02B | 2.2% | 8.5% | CNY 9.04 | — | -48.3% |
| Q2 20252025-06-30 | CNY 247.65B | CNY 34.99B | CNY 40.65B | 14.1% | 16.4% | CNY 18.56 | — | — |
| TTM (last 4 quarters) | CNY 1044.97B | CNY 44.30B | CNY 73.56B | 4.2% | 7.0% | CNY 31.52 | — | — |
Consolidated figures as reported to the exchanges. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
BABA quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax.
BABA quarterly income statement| Particulars | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 |
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| Revenue / Sales | CNY 268.95B | CNY 243.38B | CNY 284.84B | CNY 247.79B | CNY 247.65B |
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| Total expenses | CNY 249.33B | CNY 244.23B | CNY 264.68B | CNY 242.43B | CNY 212.66B |
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| Gross profit | CNY 102.86B | CNY 83.99B | CNY 115.31B | CNY 97.01B | CNY 111.22B |
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| Operating profit (EBIT) | CNY 19.62B | -CNY 848.00M | CNY 20.16B | CNY 5.37B | CNY 34.99B |
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| Operating margin | 7.3% | -0.3% | 7.1% | 2.2% | 14.1% |
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| Interest cost | CNY 2.35B | CNY 2.24B | CNY 2.56B | CNY 2.52B | CNY 2.48B |
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| Profit before tax | CNY 22.31B | CNY 31.36B | CNY 23.88B | CNY 23.92B | CNY 50.23B |
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| Tax expense | CNY 12.80B | CNY 7.17B | CNY 8.46B | CNY 5.55B | CNY 8.87B |
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| Effective tax rate | 57.4% | 22.9% | 35.4% | 23.2% | 17.6% |
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| Net profit (PAT) | CNY 10.61B | CNY 25.54B | CNY 16.38B | CNY 21.02B | CNY 40.65B |
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| Net profit margin | 3.9% | 10.5% | 5.8% | 8.5% | 16.4% |
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| Basic EPS | CNY 4.48 | CNY 10.96 | CNY 7.04 | CNY 9.04 | CNY 18.56 |
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| Diluted EPS | CNY 3.68 | CNY 10.40 | CNY 5.92 | CNY 8.72 | CNY 18.00 |
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BABA results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
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| Revenue YoY | +8.6% | — | — | — | — |
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| Revenue QoQ | +10.5% | -14.6% | +15.0% | +0.1% | — |
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| Operating profit YoY | -43.9% | — | — | — | — |
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| Operating profit QoQ | +2413.6% | -104.2% | +275.8% | -84.7% | — |
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| Net profit YoY | -73.9% | — | — | — | — |
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| Net profit QoQ | -58.4% | +55.9% | -22.1% | -48.3% | — |
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| EPS YoY | -75.9% | — | — | — | — |
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| EPS QoQ | -59.1% | +55.7% | -22.1% | -51.3% | — |
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BABA annual results history
Full-year performance for BABA, useful for reading each quarter in context.
BABA annual income statement| Particulars | 20262026-03-31 | 20252025-03-31 | 20242024-03-31 | 20232023-03-31 |
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| Revenue / Sales | CNY 1023.67B | CNY 996.35B | CNY 941.17B | CNY 868.69B |
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| Total expenses | CNY 964.00B | CNY 849.27B | CNY 817.30B | CNY 765.62B |
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| Gross profit | CNY 407.53B | CNY 398.06B | CNY 354.85B | CNY 318.99B |
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| Operating profit (EBIT) | CNY 59.66B | CNY 147.08B | CNY 123.87B | CNY 103.06B |
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| Operating margin | 5.8% | 14.8% | 13.2% | 11.9% |
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| Interest cost | CNY 9.79B | CNY 9.60B | CNY 17.91B | CNY 16.99B |
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| Profit before tax | CNY 129.39B | CNY 155.46B | CNY 101.60B | CNY 89.19B |
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| Tax expense | CNY 30.05B | CNY 35.45B | CNY 22.53B | CNY 15.55B |
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| Effective tax rate | 23.2% | 22.8% | 22.2% | 17.4% |
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| Net profit (PAT) | CNY 103.59B | CNY 130.11B | CNY 80.01B | CNY 72.78B |
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| Net profit margin | 10.1% | 13.1% | 8.5% | 8.4% |
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| Basic EPS | CNY 45.60 | CNY 55.12 | CNY 31.60 | CNY 27.68 |
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| Diluted EPS | CNY 44.00 | CNY 53.60 | CNY 31.28 | CNY 27.44 |
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Revenue trend and demand read-through
Topline for Q2 2026 came in at CNY 268.95B against CNY 247.65B in Q2 2025, and CNY 243.38B in the preceding Q1 2026 quarter.
On a sequential basis revenue grew +10.5%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were CNY 249.33B, or 92.7% of revenue, with operating profit declined -43.9% year on year.
Margins, tax and profitability
Net profit of CNY 10.61B works out to a net margin of 3.9% compared with 16.4% in the year-ago quarter. Margin pressure of this kind usually reflects higher input costs, pricing competition, or a heavier interest and depreciation load.
Below the operating line, BABA reported profit before tax of CNY 22.31B, a tax charge of CNY 12.80B (effective rate 57.4%), interest cost of CNY 2.35B. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from CNY 25.54B in Q1 2026 to CNY 10.61B in Q2 2026, a change of -58.4%.
Trailing twelve months and annual context
Across the trailing four quarters BABA has generated revenue of CNY 1044.97B and net profit of CNY 73.56B, a trailing net margin of 7.0%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, 2026 revenue was CNY 1023.67B with net profit of CNY 103.59B and EPS of CNY 45.60, versus the prior year where revenue grew +2.7% and profit declined -20.4%.
What to watch in the next BABA quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A single weak quarter matters less than the direction over three to four consecutive quarters.
BABA has not yet intimated its next results date to the exchange. This page refreshes automatically from filings and the board-meeting calendar, so the tables above will reflect the next quarter as soon as it is reported.
All figures here are as reported to the exchanges, without adjustment. This is information and analysis, not investment advice.
BABA results coverage
No results report published for BABA yet — our desk covers each quarter within minutes of the filing.
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BABA quarterly results FAQs
What were BABA (BABA) Q2 2026 results?
In Q2 2026 (quarter ended 30 Jun 2026), BABA reported revenue of CNY 268.95B and net profit of CNY 10.61B, a change of -73.9% year on year on +8.6% revenue growth. EPS stood at CNY 4.48.
What is BABA profit margin in Q2 2026?
BABA posted a net profit margin of 3.9% and an operating margin of 7.3% in Q2 2026. On a trailing twelve-month basis, revenue is CNY 1044.97B and net profit CNY 73.56B.
Did BABA results beat the previous quarter?
BABA net profit changed -58.4% quarter on quarter, from CNY 25.54B in Q1 2026 to CNY 10.61B in Q2 2026.
When are BABA (BABA) quarterly results?
BABA has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Where can I see BABA latest quarterly results?
Results coverage for BABA will appear here as soon as the company reports. Meanwhile you can track live price and technicals on the BABA stock page.
What is BABA annual revenue and profit?
For 2026, BABA reported full-year revenue of CNY 1023.67B and net profit of CNY 103.59B, with EPS of CNY 45.60.
How many quarterly results has BABA declared recently?
Past results dates for BABA will be listed here from the exchange calendar.
Results dates sourced from the exchange board-meeting calendar; reported figures from company filings, last refreshed 12 Sept 2026. For information only, not investment advice.
