← Research LibraryThe BriefFY2026 20-F · headline figures audited against SEC data
Revenue rose 2.7% to CNY 1023.67B while operating income fell 64% to CNY 50.15B, as Alibaba spent heavily on quick commerce, user experience and technology and cut buybacks by 91.2%.
The read at a glance✓ Audited against SEC data
- Growth — Revenue +2.7% to CNY 1023.67B; growth slowingWatch
- Profitability — Operating margin 4.9%, down 924 bps; net income -20.4%Watch
- Cash — Operating cash flow -53.4%Watch
- Accounting — Distress-safe; no manipulation flag; earnings quality safeOK
- Capital — Dividends +16.0% to CNY 33.73B; buybacks -91.2% to CNY 7.64BNote
- Strategy — Quick commerce named a core strategic pillarWatch
Business
Alibaba runs China's Taobao and Tmall marketplaces, a cloud business, international commerce through AliExpress, Lazada and Trendyol, and logistics. It is a Cayman Islands holding company that operates its restricted China internet businesses through variable interest entities, and reports in CNY for the fiscal year ended March 31, 2026.
Where the revenue comes from
Fiscal 2026, as Alibaba Group Holding Ltd reports it. History and quarterly detail are in the app.
- Customer Management Services¥459.9B
- Sales of Goods¥227.7B
- Logistics Services¥139.9B
- Cloud Services¥112.1B
- Direct Sales and Others¥105.5B
Latest filings
- 6-K · Company announcement (foreign filer)2026-10-07
- 6-K · Company announcement (foreign filer)2026-09-29
- 6-K · Company announcement (foreign filer)2026-09-22
- 6-K · Company announcement (foreign filer)2026-09-04
- 6-K · Company announcement (foreign filer)2026-08-26
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Alibaba Group Holding Ltd, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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