TTM
5.8%
YoY change
−8.31pp
Trough year (2026)
5.8%
Peak year (2014)
47.5%
Latest annual
5.8%
Operating Margin history chart for Alibaba (BABA) from 2007 to 2026
Latest: 5.8%
Operating Margin change chart for Alibaba (BABA) from 2007 to 2026
Latest: −8.31pp
Operating Margin history table for Alibaba (BABA) from 2007 to 2026
| 2026 | 5.8% | -8.31pp | ||
| 2025 | 14.1% | +2.10pp | ||
| 2024 | 12.0% | +0.49pp | ||
| 2023 | 11.6% | +3.39pp | ||
| 2022 | 8.2% | -4.34pp | ||
| 2021 | 12.5% | -5.44pp | ||
| 2020 | 17.9% | +2.79pp | ||
| 2019 | 15.1% | -12.55pp | ||
| 2018 | 27.7% | -2.67pp | ||
| 2017 | 30.4% | +1.59pp | ||
| 2016 | 28.8% | -1.59pp | ||
| 2015 | 30.4% | -17.10pp | ||
| 2014 | 47.5% | +5.71pp | ||
| 2013 | 41.8% | +16.71pp | ||
| 2012 | 25.0% | -2.60pp | ||
| 2011 | 27.6% | -0.04pp | ||
| 2010 | 27.7% | -10.31pp | ||
| 2009 | 38.0% | +0.81pp | ||
| 2008 | 37.2% | +17.50pp | ||
| 2007 | 19.7% | — |
- 20265.8%-8.31pp
- 202514.1%+2.10pp
- 202412.0%+0.49pp
- 202311.6%+3.39pp
- 20228.2%-4.34pp
- 202112.5%-5.44pp
- 202017.9%+2.79pp
- 201915.1%-12.55pp
- 201827.7%-2.67pp
- 201730.4%+1.59pp
- 201628.8%-1.59pp
- 201530.4%-17.10pp
- 201447.5%+5.71pp
- 201341.8%+16.71pp
- 201225.0%-2.60pp
- 201127.6%-0.04pp
- 201027.7%-10.31pp
- 200938.0%+0.81pp
- 200837.2%+17.50pp
- 200719.7%—
Operating Margin values are taken from Alibaba's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in CNY as filed.
About Operating Margin at Alibaba (BABA)
According to Alibaba's latest reported financial statements, the company's latest reported operating margin is 5.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2026's annual operating margin for Alibaba (BABA) came in at 5.83% – contracted 8.3 percentage points year-over-year.
Across the available history, operating margin reached its high of 47.46% in 2014 and its low of 5.83% in 2026.
Alibaba Operating Margin by Year
Alibaba Operating Margin 2026: 5.8%
Alibaba operating margin in 2026 was 5.83%, contracted 8.3 percentage points from 2025. This figure represents the lowest annual value in the available history.
Alibaba Operating Margin 2025: 14.1%
2025's operating margin for Alibaba came in at 14.14%, expanded 2.1 percentage points from 2024.
Alibaba Operating Margin 2024: 12.0%
Alibaba posted operating margin of 12.04% in 2024, expanded 0.5 percentage points from 2023.
Alibaba Operating Margin 2023: 11.6%
In 2023, Alibaba reported operating margin of 11.55%, expanded 3.4 percentage points from 2022.
Alibaba Operating Margin 2022: 8.2%
Alibaba operating margin in 2022 was 8.16%.
See more financial history for Alibaba (BABA).
Sector peers by Operating Margin
Consumer Cyclical peers of Alibaba (BABA), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 11.5% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.0%
Frequently asked questions
Alibaba (BABA) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation