Alibaba Group Holding Full Year 2024 Earnings: EPS Misses Expectations

Alibaba Group Holding (NYSE:BABA) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥941.2b (up 8.3% from FY 2023).
• Net income: CN¥79.7b (up 10.0% from FY 2023).
• Profit margin: 8.5% (up from 8.3% in FY 2023).
• EPS: CN¥31.61 (up from CN¥27.65 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alibaba Group Holding EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.

The primary driver behind last 12 months revenue was the Taobao and Tmall Group segment contributing a total revenue of CN¥434.9b (46% of total revenue). Notably, cost of sales worth CN¥586.3b amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥115.1b (42% of total expenses). Explore how BABA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are down 8.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Alibaba Group Holding that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.