BABANYSEServices-Business Services, NECAlso trades as BABAF, BBAAY
Alibaba Group Holding Ltd
Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on May 20, 2026
$108.57−0.54 (-0.49%)
Close on Oct 19, 2026
Alibaba Group Holding Ltd revenue by segment
By business segment
| Revenue | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alibaba China E-commerce Group | CN¥554.22B | CN¥508.38B | CN¥490.10B | – | – | – | – | – | – | – | 54.1% | +9.0% |
| All others | CN¥254.37B | CN¥338.35B | CN¥317.54B | CN¥197.12B | CN¥189.54B | – | – | – | – | – | 24.8% | -24.8% |
| Cloud intelligence group | CN¥158.13B | CN¥118.03B | CN¥106.37B | CN¥103.50B | CN¥102.02B | – | – | – | – | – | 15.4% | +34.0% |
| International Digital Commerce Group | CN¥144.17B | CN¥132.30B | CN¥102.60B | CN¥70.51B | CN¥62.19B | – | – | – | – | – | 14.1% | +9.0% |
| Alibaba International Digital Commerce Group | CN¥144.17B | CN¥132.30B | CN¥102.60B | CN¥70.51B | – | – | – | – | – | – | 14.1% | +9.0% |
| Cloud | – | – | – | CN¥77.20B | CN¥74.57B | CN¥60.56B | CN¥40.30B | CN¥24.70B | CN¥13.39B | CN¥6.66B | – | – |
| Core commerce | – | – | – | – | – | CN¥621.15B | CN¥436.10B | CN¥323.40B | CN¥214.02B | CN¥133.88B | – | – |
| Digital Media and Entertainment Group | – | – | CN¥21.15B | CN¥18.44B | CN¥18.11B | CN¥31.19B | CN¥29.09B | CN¥24.29B | CN¥19.56B | CN¥14.73B | – | – |
| Innovation Initiatives and Others | – | – | – | CN¥2.27B | CN¥2.84B | CN¥2.31B | CN¥2.53B | CN¥4.46B | CN¥3.29B | CN¥3.00B | – | – |
| Cainiao | – | – | – | CN¥55.68B | CN¥46.11B | CN¥37.26B | CN¥22.23B | – | – | – | – | – |
| International commerce | – | – | – | CN¥69.20B | CN¥61.08B | CN¥48.85B | CN¥33.92B | – | – | – | – | – |
| China commerce | – | – | – | CN¥582.73B | CN¥591.58B | CN¥501.38B | CN¥351.98B | – | – | – | – | – |
| Local consumer services | – | – | – | CN¥50.11B | CN¥44.62B | CN¥35.75B | CN¥29.66B | – | – | – | – | – |
| Local Services Group | – | CN¥67.08B | CN¥59.80B | CN¥50.25B | CN¥44.89B | – | – | – | – | – | – | – |
| Cainiao Smart Logistics Network Limited | – | CN¥101.27B | CN¥99.02B | CN¥77.51B | CN¥66.81B | – | – | – | – | – | – | – |
| Taobao and Tmall Group | – | CN¥449.83B | CN¥434.89B | CN¥413.21B | CN¥429.93B | – | – | – | – | – | – | – |
| Hujing Digital Media and Entertainment Group | – | CN¥22.27B | CN¥21.15B | CN¥18.44B | – | – | – | – | – | – | – | – |
| Operating income | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cloud | – | – | – | -CN¥5.15B | -CN¥5.17B | -CN¥12.48B | -CN¥9.66B | -CN¥5.51B | -CN¥3.09B | -CN¥1.68B | – |
| Core commerce | – | – | – | – | – | CN¥158.98B | CN¥138.63B | CN¥109.31B | CN¥102.74B | CN¥74.18B | – |
| Digital Media and Entertainment Group | – | – | – | -CN¥4.64B | -CN¥7.02B | -CN¥10.32B | -CN¥15.39B | -CN¥20.52B | -CN¥14.35B | -CN¥9.88B | – |
| Innovation Initiatives and Others | – | – | – | -CN¥9.41B | -CN¥9.42B | -CN¥7.80B | -CN¥6.66B | -CN¥11.32B | -CN¥6.70B | -CN¥6.80B | – |
| Cainiao | – | – | – | -CN¥3.62B | -CN¥3.92B | -CN¥3.96B | -CN¥5.22B | – | – | – | – |
| International commerce | – | – | – | -CN¥8.43B | -CN¥10.66B | -CN¥9.36B | -CN¥7.62B | – | – | – | – |
| China commerce | – | – | – | CN¥172.19B | CN¥172.54B | CN¥197.23B | CN¥174.56B | – | – | – | – |
| Local consumer services | – | – | – | -CN¥23.30B | -CN¥30.80B | -CN¥29.20B | -CN¥26.29B | – | – | – | – |
By product or service
| Revenue | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Customer management services | CN¥459.92B | CN¥424.88B | CN¥386.57B | CN¥355.14B | CN¥380.00B | CN¥363.38B | CN¥297.59B | CN¥246.70B | CN¥128.90B | CN¥89.29B | 44.9% | +8.2% |
| Sales of goods | CN¥227.75B | CN¥274.28B | CN¥283.27B | CN¥271.02B | CN¥255.17B | CN¥180.63B | CN¥95.50B | CN¥46.94B | CN¥18.72B | CN¥3.89B | 22.2% | -17.0% |
| Logistics services | CN¥139.86B | CN¥123.38B | CN¥114.07B | CN¥89.21B | CN¥71.28B | CN¥55.65B | CN¥33.94B | CN¥23.40B | CN¥6.76B | – | 13.7% | +13.4% |
| Cloud services | CN¥112.08B | CN¥84.52B | CN¥76.46B | CN¥76.65B | CN¥74.12B | CN¥60.12B | CN¥40.02B | – | – | – | 10.9% | +32.6% |
| Membership fees and value added services | CN¥47.64B | CN¥46.61B | CN¥41.96B | CN¥40.08B | CN¥35.74B | – | – | – | CN¥13.82B | CN¥10.64B | 4.7% | +2.2% |
| Other revenue | CN¥36.43B | CN¥42.69B | CN¥38.84B | CN¥36.59B | CN¥36.75B | CN¥28.05B | CN¥19.81B | – | – | – | 3.6% | -14.7% |
| P4P and display marketing | – | – | – | – | – | – | – | CN¥151.65B | CN¥119.82B | CN¥83.58B | – | – |
| Online marketing services | – | – | – | – | – | – | – | – | – | CN¥89.29B | – | – |
| Commission | – | – | – | – | – | – | CN¥100.13B | CN¥81.09B | CN¥52.41B | CN¥37.85B | – | – |
| Other online marketing services | – | – | – | – | – | – | – | – | – | CN¥5.71B | – | – |
| Cloud computing services | – | – | – | – | – | CN¥60.12B | CN¥40.02B | CN¥24.70B | CN¥13.39B | CN¥6.66B | – | – |
| Others | – | – | – | – | – | – | – | – | – | CN¥13.84B | – | – |
| Other customer management services | – | – | – | – | – | – | CN¥19.85B | CN¥13.96B | CN¥9.08B | CN¥5.71B | – | – |
| Sales of goods and other revenue | – | – | – | – | – | – | – | – | CN¥34.99B | CN¥13.84B | – | – |
| Membership fees | – | – | – | CN¥40.08B | CN¥35.74B | CN¥29.45B | CN¥22.85B | CN¥19.14B | CN¥13.82B | CN¥10.64B | – | – |
| Other revenue | – | – | – | – | – | CN¥28.05B | CN¥19.81B | CN¥15.96B | CN¥16.27B | CN¥9.95B | – | – |
| P4P, in-feed and display marketing | – | – | – | – | – | – | CN¥177.61B | CN¥151.65B | CN¥119.82B | – | – | – |
By region
From the segment and revenue-disaggregation notes of Alibaba Group's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.