The latest data point for BABA shows a ROS of 9.62% in Q3'26, while the subsequent period Q4'26 currently has no data. This represents a sequential decline from the 11.74% recorded in Q2'26. The chart illustrates a volatile trend in ROS from Q1'24 to Q3'26, characterized by significant seasonal fluctuations and an overall downward trajectory in recent periods. While the metric saw a substantial peak of 22.76% in Q2'25, it has since struggled to maintain those levels, experiencing notable drops particularly during the Q4 periods of each fiscal year.