Alibaba will report its unaudited financial results for the quarter and fiscal year ended March 31, 202 5 before the US market opens on Thurs day, May 15 , 2025.

Alibaba Group has been on a tear, with the stock up double-digits this year. Earnings could make or break the Chinese online retailer’s rally.

Analysts are expecting Alibaba to report net income of 21.07 billion Chinese yuan ($2.93 billion) on revenue of ¥239.63 billion ($33.28 billion) for the quarter ended March 31. A year ago, it reported net income of $453 million on revenue of $30.73 billion.

The market may have already had a taste of what’s coming from Alibaba. The company’s main rival JD.com posted results on Tuesday. Revenue climbed 16%, and the company’s CEO touted “improving consumer sentiment.”

Despite a tariff-induced selloff in early April, Alibaba’s American depositary shares have soared nearly 60% in 2025. That is far better than the performances of the Hong Kong Hang Seng Index, up 18% this year, and S&P 500, up 0.3%.

Alibaba’s gains come on hopes that Chinese consumer spending could be set to rebound. The world’s second-largest economy got a boost from a sharp rise in exports over the first quarter. Some economists are worried that growth could stall after a period of disruption triggered by President Donald Trump’s tariff plans.

Earlier this week, Washington and Beijing brokered a deal to scale back levies for 90 days. The U.S. also cut its de minimis tariffs on small goods from China to 54% from 120%, which could boost Alibaba’s international sales.

Investors have been piling into Chinese stocks on the expectation that Beijing will keep rolling out fiscal stimulus packages in a bid to make sure the country’s growth hits its target rate of 5% in 2025.