BABA

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary shareStock · Consumer Discretionary

$113.24+4.33%

as of market close, Sep 18, 2026

☾ AH $114.00 +0.67%

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How Alibaba Group Holding ADR makes money

Period

FY2026

How does Alibaba Group Holding ADR make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share · FY2026 · year ended 2026-03-31

Revenue$148.4BGross profit$59.1B · 40%Cost of revenue$89.3B · 60%Operating income$7.3B · 5%Operating expenses$51.8B · 35%R&D$9.6B · 6%SG&A$4.8B · 3%Selling & marketing$35.5B · 24%Other opex$1.8B · 1%Pre-tax income$19.4B · 13%Other income$12.1B · 8%Net income$15.0B · 10%Income tax$4.4B · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.