Alibaba Group Holding Ltd (BABA) [Rocket]

In millions of CNY, except per share items	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-31-18	Mar-31-17	Mar-31-16	Mar-31-15
Revenues	853,062	717,289	509,711	376,844	250,266	158,273	101,143	76,204
Revenue growth	18.9%	40.7%	35.3%	50.6%	58.1%	56.5%	32.7%	45.1%
Cost of goods sold	539,450	421,205	282,367	206,929	107,044	59,483	34,355	23,834
Gross profit	313,612	296,084	227,344	169,915	143,222	98,790	66,788	52,370
Gross margin	36.8%	41.3%	44.6%	45.1%	57.2%	62.4%	66.0%	68.7%
Sales and marketing	119,799	81,519	50,673	39,780	27,299	16,314	11,307	8,513
Research and development	55,465	57,236	43,080	37,435	22,754	17,060	13,788	10,658
General and administrative	31,922	55,224	28,197	24,889	16,241	12,239	9,205	7,800
EBITA	118,231	111,198	113,910	79,202	83,039	53,177	32,488	25,399
EBITA margin	13.9%	15.5%	22.3%	21.0%	33.2%	33.6%	32.1%	33.3%
Amortization of intangibles	23,452	21,520	21,904	22,118	13,231	5,122	2,931	2,089
EBIT	94,779	89,678	92,006	57,084	69,808	48,055	29,557	23,310
EBIT margin	11.1%	12.5%	18.1%	15.1%	27.9%	30.4%	29.2%	30.6%
Pre-tax income	59,550	165,578	166,645	96,221	100,403	60,029	81,468	32,326
Income taxes	-26,815	-29,278	-20,562	-16,553	-18,199	-13,776	-8,449	-6,416
Tax rate
Net income	61,959	150,308	149,263	87,600	63,985	43,675	71,460	24,149
Net margin	7.3%	21.0%	29.3%	23.2%	25.6%	27.6%	70.7%	31.7%

Diluted EPS	$2.84	$6.84	$6.99	$4.17	$3.06	$16.97	$27.89	$9.66
Shares outstanding (diluted)	21,787	21,982	21,346	20,988	20,881	2,573	2,562	2,500

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.