As of Q2'26 (2025-09-30), Alibaba's latest EPS Surprise % stands at -7.58%, indicating that reported earnings per share fell short of analyst expectations for the quarter. The corresponding EPS Growth (YoY) for this period is -51.29%, reflecting a significant year-over-year decline in earnings performance. Analyzing the trend from Q3'23 to Q2'26, EPS Surprise % has shown considerable volatility, with notable positive surprises in Q4'23 (21.83%) and Q4'25 (16.89%), but also negative surprises in Q3'24 (-2.20%), Q1'26 (-3.29%), and Q2'26 (-7.58%). EPS Growth (YoY) fluctuated sharply, peaking at 378.05% in Q4'23 before turning negative in Q3'24 and Q4'24, then rebounding to strong positive growth in Q3'25 and Q4'25, and finally declining again in Q2'26. This pattern suggests a period of earnings instability, with alternating quarters of outperformance and underperformance relative to expectations and prior-year results.