# Alibaba Group Holding Limited (BABA)

> BABA · NYSE · Consumer retail, online retail · China · US GAAP · Fiscal year ends March
>
> Latest report: FY2026, the fiscal year ended 31 March 2026, released 20 May 2026. Snapshot FY2026_aea43620.

Page: https://annalist.io/company/alibaba/

Identifiers: LEI 5493001NTNQJDH60PM02, CIK 0001577552

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, fiscal year | RMB1.02tn | 1023670000000 | CNY | +2.7% year on year | FY2026 | 2026-03-31 | 20-F 2026-03 |
| Operating income, fiscal year | RMB50.1bn | 50150000000 | CNY | −64.4% year on year | FY2026 | 2026-03-31 | 20-F 2026-03 |
| Net income, fiscal year | RMB104bn | 103592000000 | CNY | −20.4% year on year | FY2026 | 2026-03-31 | 20-F 2026-03 |
| Diluted EPS, fiscal year | RMB5.50 | 5.5 | CNY/shares | −17.9% year on year | FY2026 | 2026-03-31 | 20-F 2026-03 |
| Operating margin, fiscal year | 4.9% | 4.899 | % | −9.2pp year on year | FY2026 | 2026-03-31 | 20-F 2026-03 |
| Return on equity, fiscal year | 10.0% | 10.0053 | % | −3.0pp year on year | FY2026 | 2026-03-31 | 20-F 2026-03 |

- Operating margin: Operating income / revenue.
- Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the fiscal year ended 31 March 2026 was RMB1.02 trillion, 2.7% higher than in the previous fiscal year. [Weakened in FY2026] Sources: 20-F 2026-03.
- Net income attributable to the company for fiscal 2026 was RMB103.6 billion, 20.4% lower than in the previous fiscal year. [New in FY2026] Sources: 20-F 2026-03.
- The operating margin for fiscal 2026 was 4.9%, 9.2 percentage points lower than a year earlier. [New in FY2026] Sources: 20-F 2026-03.
- Return on equity for fiscal 2026 was 10.0%, against 13.0% a year earlier. [New in FY2026] Sources: 20-F 2026-03, 20-F 2025-03.
- Cash and short-term investments exceeded total debt by RMB231.0 billion at 31 March 2026. [Weakened in FY2026] Sources: 20-F 2026-03.
- Lease-adjusted debt was 0.7 times adjusted EBITDA for fiscal 2026, and funds from operations equalled 89.0% of that debt. Both ratios are within the minimal band of the S&P standard volatility table. [Confirmed in FY2026] Sources: 20-F 2026-03.
- Net income attributable to the company for fiscal 2026 exceeded operating cash flow by an amount equal to 1.5% of average total assets. [New in FY2026] Sources: 20-F 2026-03.
- The Beneish M-score for fiscal 2026 was minus 2.28, below the model threshold of minus 1.78. [Weakened in FY2026] Sources: 20-F 2026-03.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2026 | 2026-03-31 | Revenue | RMB1.02tn | 1023670000000 | CNY | 20-F 2026-03 |
| FY2026 | 2026-03-31 | Operating income | RMB50.1bn | 50150000000 | CNY | 20-F 2026-03 |
| FY2026 | 2026-03-31 | Net income attributable to the company | RMB104bn | 103592000000 | CNY | 20-F 2026-03 |
| FY2025 | 2025-03-31 | Revenue | RMB996bn | 996347000000 | CNY | 20-F 2026-03 |
| FY2025 | 2025-03-31 | Operating income | RMB141bn | 140905000000 | CNY | 20-F 2026-03 |
| FY2025 | 2025-03-31 | Net income attributable to the company | RMB130bn | 130109000000 | CNY | 20-F 2026-03 |
| FY2024 | 2024-03-31 | Revenue | RMB941bn | 941168000000 | CNY | 20-F 2026-03 |
| FY2024 | 2024-03-31 | Operating income | RMB113bn | 113350000000 | CNY | 20-F 2026-03 |
| FY2024 | 2024-03-31 | Net income attributable to the company | RMB80.0bn | 80009000000 | CNY | 20-F 2026-03 |
| FY2023 | 2023-03-31 | Revenue | RMB869bn | 868687000000 | CNY | 20-F 2025-03 |
| FY2023 | 2023-03-31 | Operating income | RMB100bn | 100351000000 | CNY | 20-F 2025-03 |
| FY2023 | 2023-03-31 | Net income attributable to the company | RMB72.8bn | 72783000000 | CNY | 20-F 2025-03 |
| FY2022 | 2022-03-31 | Revenue | RMB853bn | 853062000000 | CNY | 20-F 2024-03 |
| FY2022 | 2022-03-31 | Operating income | RMB69.6bn | 69638000000 | CNY | 20-F 2024-03 |
| FY2022 | 2022-03-31 | Net income attributable to the company | RMB62.2bn | 62249000000 | CNY | 20-F 2024-03 |

## Source Documents

- 20-F 2026-03: 20-F for the year to 31 March 2026, 20 May 2026 (https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm)
- 20-F 2025-03: 20-F for the year to 31 March 2025, 26 Jun 2025 (https://www.sec.gov/Archives/edgar/data/1577552/000095017025090161/baba-20250331.htm)
- 20-F 2024-03: 20-F for the year to 31 March 2024, 23 May 2024 (https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm)

## Reliability

- 217 checks compare these figures with other official figures; 0 failed.
- 7 values are withheld because the filings do not prove them; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/alibaba/snapshots.json

## Cite

Annalist, Alibaba Group Holding Limited, snapshot alibaba/FY2026_aea43620; <item>, <period>; source <document>. Link the page https://annalist.io/company/alibaba/ and the source document of the figure.

A figure of a statement has an address of its own, which opens the page at that figure with its source documents: https://annalist.io/company/alibaba/?fig=<statement>/<period>/<item>, for example https://annalist.io/company/alibaba/?fig=pl_annual/FY2026/revenue

## Full Data

- [Every statement, ratio and document of this snapshot (JSON)](https://annalist.io/api/v1/companies/alibaba/snapshots/FY2026_aea43620/info.json)
- [Latest snapshot, at an address that does not change (JSON)](https://annalist.io/api/v1/companies/alibaba/latest.json)
- [Income statement, annual (CSV)](https://annalist.io/api/v1/companies/alibaba/snapshots/FY2026_aea43620/pl_annual.csv)
- [Balance sheet, year end (CSV)](https://annalist.io/api/v1/companies/alibaba/snapshots/FY2026_aea43620/balance_sheet.csv)
- [Cash flow, annual (CSV)](https://annalist.io/api/v1/companies/alibaba/snapshots/FY2026_aea43620/cf_annual.csv)
- [Ratios, annual (JSON)](https://annalist.io/api/v1/companies/alibaba/snapshots/FY2026_aea43620/ratios/annual.json)
- [Key findings with their history (JSON)](https://annalist.io/api/v1/companies/alibaba/findings.json)
- [New reports and findings (Atom feed)](https://annalist.io/company/alibaba/feed.xml)
- [Excel workbook](https://annalist.io/company/alibaba/alibaba.xlsx)
- [Buyout model on these figures](https://annalist.io/deal-lab/buyout/alibaba/)
- [Lenders, customers, suppliers and owners (brief in Markdown)](https://annalist.io/atlas/alibaba/brief.md)
- [Lenders, customers, suppliers and owners (JSON)](https://annalist.io/api/v1/atlas/alibaba.json)

## Peers

- [Amazon.com, Inc.](https://annalist.io/company/amazon/brief.md)
- [Costco Wholesale Corporation](https://annalist.io/company/costco/brief.md)
- [The Home Depot, Inc.](https://annalist.io/company/home-depot/brief.md)
- [Side by side](https://annalist.io/compare/?c=alibaba,amazon,costco,home-depot)

---

Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.