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Side-by-side financial comparison of Alibaba Group Holding Ltd (BABA) and Verizon (VZ). Click either name above to swap in a different company.
Alibaba Group Holding Ltd is the larger business by last-quarter revenue ($38.8B vs $34.4B, roughly 1.1× Verizon). Verizon runs the higher net margin — 14.9% vs 5.8%, a 9.2% gap on every dollar of revenue.
Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates a diverse...
Verizon Communications Inc., is an American telecommunications company headquartered in New York City. It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 146.1 million subscribers as of June 30, 2025.
BABA vs VZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $38.8B | $34.4B |
| Net Profit | $2.2B | $5.1B |
| Gross Margin | 40.2% | — |
| Operating Margin | 6.6% | 23.9% |
| Net Margin | 5.8% | 14.9% |
| Revenue YoY | — | 2.9% |
| Net Profit YoY | — | 3.3% |
| EPS (diluted) | $6.64 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $34.4B | ||
| Q4 25 | $38.8B | $36.4B | ||
| Q3 25 | $34.2B | $33.8B | ||
| Q2 25 | $32.6B | $34.5B | ||
| Q1 25 | — | $33.5B | ||
| Q4 24 | $38.7B | $35.7B | ||
| Q3 24 | — | $33.3B | ||
| Q2 24 | — | $32.8B |
| Q1 26 | — | $5.1B | ||
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.9B | $5.0B | ||
| Q2 25 | $1.7B | $5.0B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | $6.8B | $5.0B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $4.6B |
| Q1 26 | — | — | ||
| Q4 25 | 40.2% | — | ||
| Q3 25 | 39.2% | — | ||
| Q2 25 | 38.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 42.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 23.9% | ||
| Q4 25 | 6.6% | 13.8% | ||
| Q3 25 | 2.2% | 24.0% | ||
| Q2 25 | 12.0% | 23.7% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | 14.7% | 20.8% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 23.8% |
| Q1 26 | — | 14.9% | ||
| Q4 25 | 5.8% | 6.4% | ||
| Q3 25 | 8.5% | 14.6% | ||
| Q2 25 | 5.3% | 14.5% | ||
| Q1 25 | — | 14.6% | ||
| Q4 24 | 17.5% | 14.0% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 14.0% |
| Q1 26 | — | — | ||
| Q4 25 | $6.64 | $0.56 | ||
| Q3 25 | $8.72 | $1.17 | ||
| Q2 25 | $5.20 | $1.18 | ||
| Q1 25 | — | $1.15 | ||
| Q4 24 | $20.40 | $1.18 | ||
| Q3 24 | — | $0.78 | ||
| Q2 24 | — | $1.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.3B | $8.4B |
| Total DebtLower is stronger | — | $144.2B |
| Stockholders' EquityBook value | $148.7B | $104.6B |
| Total Assets | $268.6B | $417.9B |
| Debt / EquityLower = less leverage | — | 1.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.4B | ||
| Q4 25 | $18.3B | $19.0B | ||
| Q3 25 | $19.0B | $7.7B | ||
| Q2 25 | $20.0B | $3.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $22.3B | $4.2B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $144.2B | ||
| Q4 25 | — | $139.5B | ||
| Q3 25 | — | $126.6B | ||
| Q2 25 | — | $123.9B | ||
| Q1 25 | — | $121.0B | ||
| Q4 24 | — | $121.4B | ||
| Q3 24 | — | $128.9B | ||
| Q2 24 | — | $126.0B |
| Q1 26 | — | $104.6B | ||
| Q4 25 | $148.7B | $105.7B | ||
| Q3 25 | $145.0B | $106.3B | ||
| Q2 25 | $139.2B | $104.4B | ||
| Q1 25 | — | $102.0B | ||
| Q4 24 | $137.2B | $100.6B | ||
| Q3 24 | — | $97.7B | ||
| Q2 24 | — | $97.5B |
| Q1 26 | — | $417.9B | ||
| Q4 25 | $268.6B | $404.3B | ||
| Q3 25 | $264.6B | $388.3B | ||
| Q2 25 | $248.6B | $383.3B | ||
| Q1 25 | — | $380.4B | ||
| Q4 24 | $254.1B | $384.7B | ||
| Q3 24 | — | $381.2B | ||
| Q2 24 | — | $379.1B |
| Q1 26 | — | 1.38× | ||
| Q4 25 | — | 1.32× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.29× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.2B | $8.0B |
| Free Cash FlowOCF − Capex | — | $3.8B |
| FCF MarginFCF / Revenue | — | 11.0% |
| Capex IntensityCapex / Revenue | — | 12.2% |
| Cash ConversionOCF / Net Profit | 2.31× | 1.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.0B | ||
| Q4 25 | $5.2B | $9.1B | ||
| Q3 25 | $1.4B | $11.3B | ||
| Q2 25 | $3.8B | $9.0B | ||
| Q1 25 | — | $7.8B | ||
| Q4 24 | $9.7B | $10.4B | ||
| Q3 24 | — | $9.9B | ||
| Q2 24 | — | $9.5B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 11.0% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 12.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 1.55× | ||
| Q4 25 | 2.31× | 3.89× | ||
| Q3 25 | 0.49× | 2.28× | ||
| Q2 25 | 2.19× | 1.79× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | 1.43× | 2.08× | ||
| Q3 24 | — | 3.00× | ||
| Q2 24 | — | 2.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
VZ
| Service revenues and other | $28.8B | 84% |
| Wireless equipment revenues | $5.7B | 16% |
