Business Description

Alibaba Group Holding Limited is a Chinese multinational technology and e-commerce conglomerate. The company operates some of the world's largest online marketplaces, including Taobao, Tmall, and AliExpress, connecting consumers and merchants globally. Beyond its core retail business, Alibaba has significant operations in cloud computing, digital media, logistics, and local consumer services.

Financial Statements

In thousands, USD
FY 2026FY 2025FY 2024FY 2023
Total Revenues1,023,670,000996,347,000941,168,000868,687,000
Cost of Sales616,136,000598,285,000586,323,000549,695,000
Gross Profit407,534,000398,062,000354,845,000318,992,000
Selling, General & Administrative Expenses278,105,000188,260,000157,126,000145,679,000
Depreciation & Amortization Expenses5,079,0006,336,00021,592,00013,504,000
Research & Development Expenses66,533,00057,151,00052,256,00056,744,000
Other Operating Expenses7,667,0005,410,00010,521,0002,714,000
Operating Profit50,150,000140,905,000113,350,000100,351,000
Interest and Investment Income87,512,00020,759,000(9,964,000)(11,071,000)
Interest Expense(9,793,000)(9,596,000)(7,947,000)(5,918,000)
Non-Operating Income4,303,0009,353,000(1,578,000)(2,240,000)
Total Non-Operating Income82,022,00020,516,000(19,489,000)(19,229,000)
Income Before Provision for Income Taxes132,172,000161,421,00093,861,00081,122,000
Provision for Income Taxes30,045,00035,445,00022,529,00015,549,000
Consolidated Net Income102,127,000125,976,00071,332,00065,573,000
Net Income Attributable to Minority Interests and Other(1,465,000)(4,133,000)(8,677,000)(7,210,000)
Net Income Attributable to Preferred Dividends(2,312,000)639,000268,000274,000
Net Income Attributable to Common Shareholders105,904,000129,470,00079,741,00072,509,000
Basic EPS45.6055.1231.6027.68
Diluted EPS44.0053.6031.2827.44
Basic Weighted Average Shares Outstanding2,321,0002,348,8802,522,7502,622,500
Diluted Weighted Average Shares Outstanding2,404,3802,414,7502,544,8802,639,250
Shares Outstanding2,322,5502,309,2802,433,6402,565,750
FY 2026FY 2025FY 2024FY 2023
Cash and Cash Equivalents131,530,000145,487,000248,125,000193,086,000
Short-Term Investments185,364,000282,606,000322,904,000331,384,000
Total Cash and Cash Equivalents316,894,000428,093,000571,029,000524,470,000
Other Current Assets293,875,000245,956,000181,835,000173,496,000
Total Current Assets610,769,000674,049,000752,864,000697,966,000
Net Property, Plant & Equipment282,699,000203,348,000185,161,000176,031,000
Net Intangible Assets16,983,00020,911,00026,950,00046,913,000
Goodwill247,378,000255,501,000259,679,000268,091,000
Long-Term Investments656,745,000566,987,000424,073,000453,117,000
Other Long-Term Assets94,996,00083,431,000116,102,000110,926,000
Total Assets1,909,570,0001,804,230,0001,764,830,0001,753,040,000
Accounts Payable359,893,000332,537,000297,883,000275,950,000
Short-Term Debt28,224,00022,562,00012,749,0007,466,000
Current Portion of Long-Term Debt16,252,0004,800,000
Unearned Revenue77,415,00068,335,00072,818,00071,295,000
Other Current Liabilities10,866,00011,912,00021,805,00025,840,000
Total Current Liabilities476,398,000435,346,000421,507,000385,351,000
Long-Term Debt231,772,000208,141,000141,775,000149,088,000
Other Long-Term Liabilities75,130,00070,634,00088,948,00095,684,000
Total Long-Term Liabilities306,902,000278,775,000230,723,000244,772,000
Total Liabilities783,300,000714,121,000652,230,000630,123,000
Common Stock1,0001,0001,0001,000
Treasury Stock(36,141,000)(36,329,000)(27,684,000)(28,763,000)
Additional Paid-in Capital385,086,000381,379,000397,999,000416,831,000
Accumulated Other Comprehensive Income(13,070,000)3,393,0003,598,000(10,417,000)
Retained Earnings725,010,000661,414,000612,630,000612,005,000
Total Common Shareholders' Equity1,060,890,0001,009,860,000986,544,000989,657,000
Minority Interests and Other65,384,00080,248,000126,055,000133,264,000
Total Shareholders' Equity1,126,270,0001,090,110,0001,112,600,0001,122,920,000
Total Liabilities and Shareholders' Equity1,909,570,0001,804,230,0001,764,830,0001,753,040,000
FY 2026FY 2025FY 2024FY 2023
Net Income102,127,000125,976,00071,332,00065,573,000
Depreciation & Amortization47,118,00042,459,00044,504,00046,938,000
Share-Based Compensation Expense11,180,00013,970,00018,546,00031,342,000
Other Adjustments(61,665,000)5,092,00061,960,00042,417,000
Changes in Accounts Payable37,933,00025,873,00027,126,00011,159,000
Changes in Income Taxes Payable(1,973,000)1,968,000(4,764,000)(9,214,000)
Changes in Unearned Revenue9,462,00011,224,0002,070,0004,382,000
Changes in Other Operating Activities(67,969,000)(63,053,000)(38,181,000)7,155,000
Cash from Operating Activities76,213,000163,509,000182,593,000199,752,000
Capital Expenditure(126,063,000)(85,972,000)(32,087,000)(34,330,000)
Proceeds from Sale of Property, Plant & Equipment541,0002,428,000373,000644,000
Purchases of Intangible Assets(874,000)(842,000)(22,000)
Purchases of Investments(67,476,000)(14,164,000)(18,765,000)(22,370,000)
Proceeds from Sale of Investments86,312,00019,734,00023,231,00022,739,000
Payments for Business Acquisitions(1,212,000)353,000(2,204,000)(1,204,000)
Proceeds from Business Divestments11,421,000(5,077,000)699,000(5,000)
Other Investing Activities30,015,000(102,717,000)7,771,000(100,958,000)
Cash from Investing Activities(67,336,000)(185,415,000)(21,824,000)(135,506,000)
Issuance of Long-Term Debt117,490,000124,432,00020,570,00022,790,000
Repayments of Long-Term Debt(79,767,000)(64,510,000)(18,105,000)(11,448,000)
Net Issuance / (Repayments) of Long-Term Debt37,723,00059,922,0002,465,00011,342,000
Issuance of Common Shares1,042,00010,000843,00011,000
Repurchases of Common Shares(7,638,000)(86,662,000)(88,745,000)(74,746,000)
Net Issuance / (Repurchases) of Common Shares(6,596,000)(86,652,000)(87,902,000)(74,735,000)
Common Share Dividends Paid(33,732,000)(29,077,000)(17,946,000)
Other Financing Activities(17,968,000)(20,408,000)(4,861,000)(2,226,000)
Cash from Financing Activities(20,573,000)(76,215,000)(108,244,000)(65,619,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents(4,004,000)965,0004,389,0003,530,000
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash(15,700,000)(97,156,000)56,914,0002,157,000

Key Metrics & Ratios

MetricValue
Market Cap$291.39B
P/E19.66x
P/S1.96x
EV/EBITDA20.74x
Return on Equity9.2%
Return on Invested Capital3.1%
Current Ratio1.28x
Dividend Yield1.7%
Free Cash Flow Margin-4.9%

Margins

Gross margin
39.8%
Operating margin
4.9%
Net margin
10.0%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q4 2026 $243.38B +2.9% -0.3% $-848M
Q3 2026 $284.84B +1.7% 3.7% $10.64B
Q2 2026 $247.79B +4.8% 2.2% $5.37B
Q1 2026 $247.65B +1.8% 14.1% $34.99B
Q4 2025 $236.45B 12.0% $28.46B
Q3 2025 $280.15B 14.7% $41.20B
Q2 2025 $236.50B 14.9% $35.25B
Q1 2025 $243.24B 14.8% $35.99B

More on Alibaba Group Holding Limited

Financial data last updated 2026-07-14. Figures compiled from public company filings.

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