Alibaba BABA financials
E-Commerce & Marketplaces · Statements and segments from its SEC filings, 2013 to 2026.
Alibaba revenue, gross and operating margin, net income, free cash flow, cash and debt by quarter and by fiscal year, and revenue by segment, read from the company's own filings with the US Securities and Exchange Commission. Free to everyone; the Risk & Quality report that scores the company is the paid step.
- revenue by segment: Alibaba China E-commerce Group, All others, Cloud intelligence group, Alibaba International Digital Commerce Group, China commerce, Core commerce, Cloud computing, International commerce, Cainiao, Local consumer services, Digital media and entertainment, Innovation initiatives and others
- revenue by product: Customer management services, Sales of goods, Logistics services, Cloud services, Membership fees and value added services, Other revenue, P4P, in-feed and display marketing, Commission, P4P and display marketing, Membership fees, Cloud computing services, Other customer management services, Other, Other online marketing services
The numbers
Annual figures
| Line | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥158.3B | CN¥250.3B | CN¥376.8B | CN¥509.7B | CN¥717.3B | CN¥853.1B | CN¥868.7B | CN¥941.2B | CN¥996.3B | CN¥1T |
| Gross profit | CN¥98.8B* | CN¥143.2B* | CN¥169.9B* | CN¥227.3B* | CN¥296.1B* | CN¥313.6B* | CN¥319B* | CN¥354.8B* | CN¥398.1B* | CN¥407.5B* |
| Operating income | CN¥48.1B | CN¥69.3B | CN¥57.1B | CN¥91.4B | CN¥89.7B | CN¥69.6B | CN¥100.4B | CN¥113.4B | CN¥140.9B | CN¥50.2B |
| Net income | CN¥43.7B | CN¥64.1B | CN¥87.9B | CN¥149.4B | CN¥150.6B | CN¥62.2B | CN¥72.8B | CN¥80B | CN¥130.1B | CN¥103.6B |
| EPS (diluted) | CN¥16.97 | CN¥3.06 | CN¥4.17 | CN¥6.99 | CN¥6.84 | CN¥2.84 | CN¥3.43 | CN¥3.91 | CN¥6.70 | CN¥5.50 |
| Operating cash flow | CN¥82.9B | CN¥125.8B | CN¥151B | CN¥180.6B | CN¥231.8B | CN¥142.8B | CN¥199.8B | CN¥182.6B | CN¥163.5B | CN¥76.2B |
| Free cash flow | CN¥77.2B* | CN¥110.2B* | CN¥118.6B* | CN¥155.9B* | - | - | - | - | - | - |
| Cash & equivalents | CN¥143.7B | CN¥199.3B | CN¥190B | CN¥330.5B | CN¥321.3B | CN¥189.9B | CN¥193.1B | CN¥248.1B | CN¥145.5B | CN¥131.5B |
| Gross margin | 62.4% | 57.2% | 45.1% | 44.6% | 41.3% | 36.8% | 36.7% | 37.7% | 40.0% | 39.8% |
| Operating margin | 30.4% | 27.7% | 15.1% | 17.9% | 12.5% | 8.2% | 11.6% | 12.0% | 14.1% | 4.9% |
| Net margin | 27.6% | 25.6% | 23.3% | 29.3% | 21.0% | 7.3% | 8.4% | 8.5% | 13.1% | 10.1% |
Latest quarters
| Line | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | CN¥247.7B | CN¥247.8B | CN¥284.8B | CN¥243.4B | CN¥269B |
| Gross profit | CN¥111.2B | CN¥97B | CN¥115.3B | CN¥84B | CN¥102.9B |
| Operating income | CN¥35B | CN¥5.4B | CN¥20.2B | -CN¥848M | CN¥19.6B |
| Net income | CN¥40.6B | CN¥21B | CN¥16.4B | CN¥25.5B | CN¥10.6B |
| EPS (diluted) | CN¥18.00 | CN¥8.72 | CN¥5.92 | CN¥10.40 | CN¥3.68 |
| Operating cash flow | CN¥20.7B | CN¥10.1B | CN¥36B | CN¥9.4B | CN¥22.9B |
| Free cash flow | CN¥20.7B | CN¥10.1B | CN¥36B | -CN¥117.5B | CN¥22.9B |
| Cash & equivalents | CN¥183.1B | CN¥135.1B | CN¥128.2B | CN¥131.5B | CN¥142.9B |
| Total debt | CN¥232.1B | CN¥281.6B | CN¥262.7B | CN¥281.7B | CN¥266.5B |
| Gross margin | 44.9% | 39.2% | 40.5% | 34.5% | 38.2% |
| Operating margin | 14.1% | 2.2% | 7.1% | -0.3% | 7.3% |
| Net margin | 16.4% | 8.5% | 5.8% | 10.5% | 3.9% |
Revenue by segment
| Line | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Alibaba China E-commerce Group | - | - | - | - | - | - | - | CN¥490.1B | CN¥508.4B | CN¥554.2B |
| All others | - | - | - | - | - | - | - | CN¥317.5B | CN¥338.3B | CN¥254.4B |
| Cloud intelligence group | - | - | - | - | - | - | - | CN¥106.4B | CN¥118B | CN¥158.1B |
| Alibaba International Digital Commerce Group | - | - | - | - | - | - | - | CN¥102.6B | CN¥132.3B | CN¥144.2B |
| China commerce | - | - | - | - | CN¥501.4B | CN¥591.6B | CN¥582.7B | - | - | - |
| Core commerce | CN¥133.9B | CN¥214B | CN¥323.4B | CN¥436.1B | - | - | - | - | - | - |
| Cloud computing | CN¥6.7B | CN¥13.4B | CN¥24.7B | CN¥40B | CN¥60.6B | CN¥74.6B | CN¥77.2B | - | - | - |
| International commerce | - | - | - | - | CN¥48.9B | CN¥61.1B | CN¥69.2B | - | - | - |
| Cainiao | - | - | - | - | CN¥37.3B | CN¥46.1B | CN¥55.7B | - | - | - |
| Local consumer services | - | - | - | - | CN¥35.7B | CN¥44.6B | CN¥50.1B | - | - | - |
| Digital media and entertainment | CN¥14.7B | CN¥19.6B | CN¥24.1B | CN¥26.9B | CN¥31.2B | CN¥32.3B | CN¥31.5B | - | - | - |
| Innovation initiatives and others | CN¥3B | CN¥3.3B | CN¥4.7B | CN¥6.6B | CN¥2.3B | CN¥2.8B | CN¥2.3B | - | - | - |
Segment figures include sales between segments, so they add up to more than consolidated revenue.
Revenue by product
| Line | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Customer management services | - | - | - | - | CN¥363.4B | CN¥380B | CN¥355.1B | CN¥386.6B | CN¥424.9B | CN¥459.9B |
| Sales of goods | - | CN¥18.7B | CN¥46.9B | CN¥95.5B | CN¥180.6B | CN¥255.2B | CN¥271B | CN¥283.3B | CN¥274.3B | CN¥227.7B |
| Logistics services | - | CN¥6.8B | CN¥23.4B | CN¥33.9B | CN¥55.7B | CN¥71.3B | CN¥89.2B | CN¥114.1B | CN¥123.4B | CN¥139.9B |
| Cloud services | - | - | - | - | CN¥60.1B | CN¥74.1B | CN¥76.6B | CN¥76.5B | CN¥84.5B | CN¥112.1B |
| Membership fees and value added services | CN¥10.6B | - | - | - | - | - | - | CN¥42B | CN¥46.6B | CN¥47.6B |
| Other revenue | - | CN¥16.3B | CN¥16B | CN¥19.8B | CN¥28.1B | CN¥36.8B | CN¥36.6B | CN¥38.8B | CN¥42.7B | CN¥36.4B |
| P4P, in-feed and display marketing | - | CN¥119.8B | CN¥151.7B | CN¥177.6B | - | - | - | - | - | - |
| Commission | CN¥37.8B | CN¥52.4B | CN¥81.1B | CN¥100.1B | - | - | - | - | - | - |
| P4P and display marketing | CN¥83.6B | - | - | - | - | - | - | - | - | - |
| Membership fees | - | CN¥13.8B | CN¥19.1B | CN¥22.8B | CN¥29.5B | CN¥35.7B | CN¥40.1B | - | - | - |
| Cloud computing services | CN¥6.7B | CN¥13.4B | CN¥24.7B | CN¥40B | - | - | - | - | - | - |
| Other customer management services | - | CN¥9.1B | CN¥14B | CN¥19.9B | - | - | - | - | - | - |
| Other | CN¥13.8B | - | - | - | - | - | - | - | - | - |
| Other online marketing services | CN¥5.7B | - | - | - | - | - | - | - | - | - |
* derived: a fourth quarter as the year less the three filed quarters, or a remainder as the total less the parts. All other figures are as filed.
About this page
Every figure on this page is read from Alibaba's own SEC filings: the statement lines from the SEC's XBRL company-facts feed, the revenue splits from the segment and revenue notes of each 10-K and 10-Q. Nothing is typed in or estimated. The cache refreshes daily.
Read the Risk & Quality report on Alibaba or see all companies.