In the latest reporting period of Q4'26, Alibaba ( BABA ) recorded an EPS of 10.88 USD. This represents a significant year-over-year growth of 97.1%, bouncing back from the previous two quarters of decline. The data from Q1'24 to Q4'26 reveals a highly volatile earnings trend characterized by sharp cyclical fluctuations. After reaching a peak of 21.04 USD in Q3'25, the EPS saw a notable contraction in the following periods, with a particularly steep year-over-year decline in Q2'26 and Q3'26 before recovering in the final quarter. Overall, while the company has demonstrated the ability to achieve high growth rates, such as the 265.28% surge in Q3'25, the earnings remain subject to substantial quarterly variance.