Alibaba Group Holding Limited (BABA): operating margin, 10 filed years
Operating margin at Alibaba Group Holding Limited was 4.9% in FY2026, the newest filed year. Across the 10 computed years from FY2017 it ranged from 4.9% (FY2026) to 30.4% (FY2017), with a median of 13.3%.
Tonight's figure on the company page: 4.9%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | Operating margin | Read from |
|---|---|---|
| FY2017 | 30.4% | 20-F, filed 2017-06-15 |
| FY2018 | 27.7% | 20-F, filed 2018-07-27 |
| FY2019 | 15.2% | 20-F, filed 2019-06-05 |
| FY2020 | 17.9% | 20-F, filed 2020-07-09 |
| FY2021 | 12.5% | 20-F, filed 2021-07-27 |
| FY2022 | 8.2% | 20-F, filed 2022-07-26 |
| FY2023 | 11.6% | 20-F, filed 2023-07-21 |
| FY2024 | 12.0% | 20-F, filed 2024-05-23 |
| FY2025 | 14.1% | 20-F, filed 2025-06-26 |
| FY2026 | 4.9% | 20-F, filed 2026-05-20 |
How each year is computed
Operating income / revenue x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.