Reported Q: Q2 2024 Rev YoY: +5.2% EPS YoY: +72.1% Move: +0.37%
Alibaba Group Holding
BABA
$130.83 0.37%
Exchange NYSE Sector Consumer Cyclical Industry Specialty Retail
Q2 2024
Published: Aug 10, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for BABA

Reported

Report Date

Aug 10, 2023

Quarter Q2 2024

Revenue

224.79B

YoY: +5.2%

EPS

1.35

YoY: +72.1%

Market Move

+0.37%

Previous quarter: Q1 2024

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Earnings Highlights

  • Revenue of $224.79B up 5.2% year-over-year
  • EPS of $1.35 increased by 72.1% from previous year
  • Gross margin of 37.9%
  • Net income of 27.85B
  • ""We are focused on unlocking value to improve shareholder returns. We are looking at four areas in capital management... We are targeting to lift our ROIC into the double-digits." - Joe Tsai, Chairman." - Joe Tsai
BABA
Alibaba Group Holding Limited

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Executive Summary

Alibaba Group Holding Limited (BABA) reported strong financial results for Q2 2024, indicating a robust business performance despite challenging market conditions. The company achieved a significant 9% year-over-year increase in revenue, totaling CNY 224.79 billion, attributed to steady growth across its key business segments including Taobao and Tmall, and Alibaba International Digital Commerce. Net income soared 58% to CNY 27.85 billion compared to the same period last year, aided by operational efficiencies and a strategic focus on cost control. Management emphasizes a commitment to investing in technology and AI to drive future growth while maintaining a strong balance sheet with CNY 63 billion in net cash. Looking forward, Alibaba plans to enhance its return on invested capital and leverage synergies among its diverse businesses to seize emerging market opportunities.

Key Performance Indicators

Revenue
Increasing
224.79B
QoQ: -2.77% | YoY: 5.21%
Gross Profit
Increasing
85.13B
37.87% margin
QoQ: -4.79% | YoY: 8.63%
Operating Income
Increasing
33.58B
QoQ: -2.06% | YoY: 4.95%
Net Income
Increasing
27.85B
QoQ: 80.54% | YoY: 58.12%
EPS
Increasing
1.36
QoQ: 90.24% | YoY: 72.06%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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