Alibaba Group Holding Limited
Financial Performance
Alibaba Revenue & Financials
Revenue
~$142.3B (FY2026)
Market Cap
$266.6B
Net Income
~$14.4B
Employees
131,462
What is Alibaba's revenue?
Alibaba had ~$142.3B in revenue for fiscal year 2026, up 2.7% from 2025. Net income was ~$14.4B.
- Latest revenue
- ~$142.3B (FY2026)
- Year-over-year
- +2.7%
- Growth rate (CAGR)
- 23.1% over 9 years
- Peak revenue
- ~$142.3B (FY2026)
- Years of data
- 10
- Employees
- 131,462
- How much profit does Alibaba make?
- Alibaba reported net income of ~$14.4B for fiscal year 2026. sec.gov
- How many employees does Alibaba have?
- Alibaba has about 131,462 employees.
Financial Analysis
Revenue rose from ~$22 billion (RMB158.3 billion) in FY2017 to ~$142 billion (RMB1.024 trillion) in FY2026. Net income was ~$14.4 billion (RMB103.6 billion) in FY2026, down from ~$17.5 billion (RMB126.0 billion) in FY2025. Alibaba reports on a March 31 fiscal year and invests heavily in commerce, cloud and AI infrastructure. Alibaba Group is a Chinese multinational technology titan with a market valuation typically hovering around $200 billion.
Revenue Trend Analysis
YoY Change
+2.7%
9-Year CAGR
+23.1%
Peak Year
2026
Trend
Consistent Growth
Alibaba Group Holding Limited has 10 full fiscal year figures on this page, compounding at +23.1% annually over 9 years. The most recent year saw a 2.7% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$142.3B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$142.3B | ~$14.4B | +2.7% | Alibaba fiscal 2026 Form 20-F Fiscal year ended March 31, 2026; CNY figures are in raw units. |
| FY2025 | ~$138.5B | ~$17.5B | +5.9% | Alibaba fiscal 2026 Form 20-F Fiscal year ended March 31, 2025; CNY figures are in raw units. |
| FY2024 | ~$130.8B | ~$9.9B | +8.3% | Alibaba fiscal 2024 annual report Fiscal year ended March 31, 2024; CNY figures are in raw units. |
| FY2023 | ~$120.7B | ~$9.1B | +1.8% | Alibaba fiscal 2024 annual report Fiscal year ended March 31, 2023; CNY figures are in raw units. |
| FY2022 | ~$118.6B | ~$6.5B | +18.9% | Alibaba fiscal 2023 annual report Fiscal year ended March 31, 2022; CNY figures are in raw units. |
| FY2021 | ~$99.7B | ~$19.9B | +40.7% | Alibaba fiscal 2022 annual report Fiscal year ended March 31, 2021; CNY figures are in raw units. |
| FY2020 | ~$70.8B | ~$19.5B | +35.3% | Alibaba fiscal 2022 annual report Fiscal year ended March 31, 2020; CNY figures are in raw units. |
| FY2019 | ~$52.4B | ~$11.2B | +50.6% | Alibaba fiscal 2019 annual report Fiscal year ended March 31, 2019; CNY figures are in raw units. |
| FY2018 | ~$34.8B | ~$8.5B | +58.1% | Alibaba fiscal 2019 annual report Fiscal year ended March 31, 2018; CNY figures are in raw units. |
| FY2017 | ~$22B | ~$6.1B | — | Alibaba fiscal 2019 annual report Fiscal year ended March 31, 2017; CNY figures are in raw units. |
Click any row to see year details.
Alibaba Group Holding Limited balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 20-F, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2026ended Mar 31, 2026 | ~$10.6B | ~$265.4B | ~$108.9B | ~$147.5B | Form 20-F |
| FY2025ended Mar 31, 2025 | ~$22.7B | ~$250.8B | ~$99.3B | ~$140.4B | Form 20-F |
| FY2024ended Mar 31, 2024 | ~$25.4B | ~$245.3B | ~$90.7B | ~$137.1B | Form 20-F |
| FY2023ended Mar 31, 2023 | ~$27.8B | ~$243.7B | ~$87.6B | ~$137.6B | Form 20-F |
| FY2022ended Mar 31, 2022 | ~$19.8B | ~$235.7B | ~$85.3B | ~$131.8B | Form 20-F |
| FY2021ended Mar 31, 2021 | ~$32.2B | ~$234.9B | ~$84.3B | ~$130.3B | Form 20-F |
| FY2020ended Mar 31, 2020 | ~$25.1B | ~$182.5B | ~$60.2B | ~$105B | Form 20-F |
| FY2019ended Mar 31, 2019 | ~$21B | ~$134.1B | ~$48.6B | ~$68.4B | Form 20-F |
| FY2018ended Mar 31, 2018 | ~$17.5B | ~$99.7B | ~$38.6B | ~$50.8B | Form 20-F |
| FY2017ended Mar 31, 2017 | ~$11.5B | ~$70.4B | ~$25.4B | ~$38.8B | Form 20-F |
Keep researching Alibaba
Alibaba Revenue and Financial FAQ
What is Alibaba's typical annual revenue scale?
Alibaba Group generates annual revenues exceeding 940 billion RMB (approximately $130 billion USD), driven predominantly by China domestic commerce, expanding international e-commerce operations, and cloud intelligence infrastructure.
How is Alibaba's revenue distributed across its core operating business segments?
Taobao and Tmall Group accounts for roughly 45 to 50% of total group revenue, followed by International Digital Commerce (~12 to 15%), Cainiao Smart Logistics (~10 to 12%), Cloud Intelligence (~11 to 13%), and Local Services & Entertainment (~10%).
What is Alibaba's cash flow and balance sheet liquidity position?
Alibaba maintains a fortress balance sheet with over $70 billion USD in cash, cash equivalents, and short-term investments, generating tens of billions of dollars in annual free cash flow to fund share repurchases and AI infrastructure investments.
How does Alibaba return capital to shareholders through dividends and buybacks?
Alibaba executes multi-billion dollar annual share repurchase programs (retiring billions in ADRs each quarter) and introduced regular annual cash dividends supplemented by special cash dividends derived from non-core asset sales.
What are Alibaba's primary operating expense categories?
Primary operating expenses include cost of revenue (logistics fulfillment, payment processing, cloud server hardware depreciation), product development and engineering R&D, sales and marketing subsidies, and general administrative overhead.
How do international retail investments impact Alibaba's operating profit margins?
Rapid scaling of cross-border platforms like AliExpress Choice and Trendyol requires significant upfront marketing subsidies and global logistics investments, temporarily suppressing consolidated Adjusted EBITA margins in exchange for volume growth.
What is Alibaba's dual-primary listing status on the Hong Kong Stock Exchange?
In August 2024, Alibaba completed its voluntary transition to a dual-primary listing on both the New York Stock Exchange and the Hong Kong Stock Exchange (9988.HK), qualifying the stock for inclusion in the Southbound Stock Connect for mainland Chinese investors.
How does Alibaba account for its research and development investments in artificial intelligence?
Alibaba invests billions of RMB annually in AI research, data center GPU clusters, and proprietary LLM algorithms, expensing software development while capitalizing physical server and high-performance networking infrastructure.
Is Alibaba Cloud profitable?
Yes, Alibaba Cloud became highly profitable and represents one of the company's fastest-growing massive revenue streams outside of core e-commerce.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Alibaba Revenue & Financials." CorpDigest, https://corpdigest.com/company/alibaba/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Alibaba reported ~$142.3B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/alibaba/financials" target="_blank" rel="noopener">CorpDigest — Alibaba financials</a></div>Related Financial Audits
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