Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2024 Rev YoY: +3.9% EPS YoY: -26.8% Move: +0.37%

Alibaba Group Holding

BABA

$130.83 0.37%

Exchange NYSE Sector Consumer Cyclical Industry Specialty Retail

Q1 2024

Published: May 18, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for BABA

Reported

Report Date

May 18, 2023

Quarter Q1 2024

Revenue

234.16B

YoY: +3.9%

EPS

1.66

YoY: -26.8%

Market Move

+0.37%

Previous quarter: N/A

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Earnings Highlights

Revenue of $234.16B up 3.9% year-over-year
EPS of $1.66 decreased by 26.8% from previous year
Gross margin of 39.2%
Net income of 34.24B
""As a result of these strategies, the Taobao and Tmall Group recorded close to RMB 80 billion in CMR this quarter..." - Trudy Dai" - Trudy Dai

BABA

Alibaba Group Holding Limited

Period Q1 2024

Currency CNY

Report Type Quarterly Earnings

Generated Mar 7, 2026

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Executive Summary

Alibaba Group Holding Limited has reported a solid performance for Q1 2024 with total revenue of RMB 234.2 billion, illustrating a year-over-year growth of 14%. The growth was primarily driven by various segments including Taobao and Tmall, which recorded increased user engagement and revenues. Adjusted EBITDA grew significantly by 32% to RMB 45.4 billion, reflecting the company's focus on operational efficiency and quality improvements. The management team, led by outgoing CEO Daniel Zhang, expressed confidence in the ongoing economic recovery and reiterated their strategies for sustaining growth in the post-COVID landscape. However, challenges remain, particularly concerning market conditions and competition, necessitating ongoing strategic investments into technology and user engagement.

Key Performance Indicators

Revenue

Increasing

234.16B

QoQ: 9.63% | YoY: 3.88%

Gross Profit

Increasing

91.81B

39.21% margin

QoQ: 35.48% | YoY: 5.80%

Operating Income

Decreasing

42.49B

QoQ: 143.75% | YoY: -15.30%

Net Income

Decreasing

34.24B

QoQ: 624.81% | YoY: -28.77%

EPS

Decreasing

1.68

QoQ: 645.45% | YoY: -26.79%

Revenue Trend

Margin Analysis

Financial Highlights

- Revenue: RMB 234.2 billion (14% YoY growth)
- Gross Profit: RMB 91.8 billion (39.2% margin)
- Net Income: RMB 33.4 billion (14.6% margin)
- Adjusted EBITDA: RMB 45.4 billion (32% YoY growth)
- Free Cash Flow: RMB 39.1 billion (76% YoY growth)
- Total Assets: RMB 1.78 trillion
- Cash & Cash Equivalents: RMB 226.4 billion
- Debt to Capitalization Ratio: 14%
Hem metrics indicate strengthened financial health and improved operational profitability, signaling robust management capabilities. The adjustments in marketing strategies and user engagement have also enhanced revenue growth across business segments.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	234.16B	3.88%	9.63%
Gross Profit	91.81B	5.80%	35.48%
Operating Income	42.49B	-15.30%	143.75%
Net Income	34.24B	-28.77%	624.81%
EPS	1.68	-26.79%	645.45%

Key Financial Ratios

Gross Profit Margin

Fair

39.20%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Good

18.10%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

14.60%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

1.93%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.38%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.92

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Conservative

0.16

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Value

11.30x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.53x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	221,874.00	0.16	+6.6%	View
Q3 2024	260,348.00	0.71	+7.6%	View
Q2 2024	224,790.00	1.35	+5.2%	View
Q1 2024	234,156.00	1.66	+3.9%	View

Alibaba Group Holding (BABA) Q1 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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