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Inferra AI / Company / BABA

Alibaba Group

BABA · Consumer Discretionary

Last earnings Aug 20, 2026

Important announcements

Page 1 of 10 v 1.2.1Oct 7, 2026

Key results

September Segment Results revenuequarter

US$69,595 million

Six Months Ended September Segment Results Revenue for the six months ended September was RMB495,447 million US$69,595 million , an increase of 3% year-over-year compared to RMB479,739 million in the same period of 2024.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Revenuequarter

12%

Excluding revenue from the disposed businesses of Sun Art and Intime, revenue on a like- for-like basis would have grown by 12% year-over-year.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

revenue increased by 10% year-over-year, primarily due to the improvement of take rate.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Commerce Wholesale Business revenuequarter

US$1,889 million

China Commerce Wholesale Business Revenue from our China commerce wholesale business in the six months ended September was RMB13,450 million US$1,889 million , an increase of 13% compared to RMB11,938 million in the same period of 2024, primarily due to an increase in revenue from value- added services provided to paying members.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Commerce Retail Business revenuequarter

US$7,931 million

Alibaba International Digital Commerce Group Segment revenue International Commerce Retail Business Revenue from our International commerce retail business in the six months ended September was RMB56,463 million US$7,931 million , an increase of 15% compared to RMB49,309 million in the same period of 2024, primarily driven by the increase in revenue contributed by AliExpress and other international businesses.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

International Commerce Wholesale Business Revenue from our International commerce wholesale business in the six months ended September was RMB13,077 million US$1,837 million , an increase of 12% compared to RMB11,656 million in the same period of primarily due to an increase in revenue generated by cross-border related value- added services.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Cloud Intelligence Group Segment revenue Revenue from Cloud Intelligence Group was RMB73,222 million US$10,285 million in the six months ended September an increase of 30% compared to RMB56,159 million in the same period of 2024.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Overall revenuequarter

28%

Overall revenue excluding Alibaba- consolidated subsidiaries increased by 28% year- over-year, primarily driven by public cloud revenue growth, including the increasing adoption of AI- related products.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

AI analysis

Q2 2025 · reported Dec 4, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

September Segment Results revenue · Q2 2025
US$69,595M
EX-99 · Dec 4, 2025
Commerce Wholesale Business revenue · Q2 2025
US$1,889M
EX-99 · Dec 4, 2025
Commerce Retail Business revenue · Q2 2025
US$7,931M
EX-99 · Dec 4, 2025

The quarter in charts

Segment mix

Business-unit revenue, as stated

0255075US$69,595MSeptember Segment ResultsUS$7,931MCommerce Retail BusinessUS$1,889MCommerce Wholesale Business

Segment revenue figures as stated in the event record.

Headline figures

MetricQ2 2025Prior qtrYear ago
September Segment Results revenueUS$69,595 million——
Revenue12%——
Commerce Wholesale Business revenueUS$1,889 million——
Commerce Retail Business revenueUS$7,931 million——
Overall revenue28%——

EX-99 · Dec 4, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

DividendUS$4,723M

In addition, statements that are not historical facts, including statements about Alibaba s strategies and business and operational plans, Alibaba s beliefs, expectations and guidance regarding the growth of its business, its operating and financial results, return on investments, strategic investments and dispositions and share repurchases, and the business outlook in this Interim Report, are or contain forward-looking statements.

Company-stated claims

Aug 20, 2026

Historical · increased by 133% · subscribers_users

“(ii) Segment adjusted EBITA AI Cloud and Compute Services adjusted EBITA increased by 133% to RMB5,628 million (US$830 million) in the quarter ended June 30, 2026, compared to RMB2,419 million in the same quarter of 2025, primarily due to revenue growth and improving operating efficiency, partly offset by the increasing investments in customer growth and technology innovation.”

EX-99 · Aug 20, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

For further details of the Alibaba Partnership, please see the section headed Directors, Senior Management and Employees Directors and Senior Management Alibaba Partnership in our fiscal year 2025 annual report

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

In addition, statements that are not historical facts, including statements about Alibaba s strategies and business and operational plans, Alibaba s beliefs, expectations and guidance regarding the growth of its business, its operating and financial results, return on investments, strategic investments and dispositions and share repurchases, and the business outlook in this Interim Report, are or contain forward-looking statements.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Other treasury investments consist of fixed deposits, certificate of deposits and marketable debt securities with original maturities over one year for treasury purposes.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Net cash used in investing activities During the six months ended September 30, 2025, net cash used in investing activities of RMB51,324 million US$7,209 million primarily reflected capital expenditures of RMB70,177 million US$9,858 million and net increase in short-term investments and other treasury investments by RMB11,119 million US$1,562 million , partly offset by net cash inflow of RMB29,710 million US$4,173 million for investment and acquisition activities.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Net cash provided by financing activities During the six months ended September 30, 2025, net cash provided by financing activities of RMB8,171 million US$1,148 million primarily reflected cash provided by net proceeds from issuance of convertible unsecured senior notes and payments for capped call transactions of RMB20,994 million US$2,949 million , net proceeds from bank borrowings of RMB17,804 million US$2,501 million , and net proceeds from issuance of exchangeable bonds of RMB10,986 million US$1,543 million , partly offset by dividend payment of RMB33,621 million US$4,723 million , and cash used in repurchase of ordinary shares of RMB7,638 million US$1,073 million .

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Other Financial Information Liquidity and Capital Resources We fund our operations and strategic investments from cash generated from our operations and through debt and equity financing.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Short-term investments include investments in fixed deposits with original maturities between three months and one year and certain investments in wealth management products, certificates of deposits, marketable debt securities and other investments whereby we have the intention to redeem within one year.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Strategy & priorities

risks of investing in companies with a WVR structure, in particular, the Alibaba Partnership limits the ability of our shareholders to nominate and elect directors, and the interests of the Alibaba Partnership may conflict with the interests of our shareholders.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

In addition, statements that are not historical facts, including statements about Alibaba s strategies and business and operational plans, Alibaba s beliefs, expectations and guidance regarding the growth of its business, its operating and financial results, return on investments, strategic investments and dispositions and share repurchases, and the business outlook in this Interim Report, are or contain forward-looking statements.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

This was partly offset by the decrease in share of profit of Ant Group, which was mainly attributable to investments in new growth initiatives and technologies.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by our business that can be used for strategic corporate transactions, including investing in our new business initiatives, making strategic investments and acquisitions and strengthening our balance sheet.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Other Financial Information Liquidity and Capital Resources We fund our operations and strategic investments from cash generated from our operations and through debt and equity financing.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Risks & headwinds

Forward-looking statements involve inherent risks and uncertainties.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Without the effect of share-based compensation expense, general and administrative expenses as a percentage of revenue would have decreased from 4.3% in the same period of 2024 to 2.6% in the six months ended September primarily due to a one-time provision for the shareholder class action lawsuits in the same period last year and our improved cost control measures.

SEC original ↗Alibaba Group — Earnings release (6-K exhibit)EX-99Dec 4, 2025

Documents

Earnings deck slides

1 deck with slide view

Alibaba Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alibaba Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alibaba Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alibaba Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alibaba Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alibaba Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alibaba Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alibaba Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Alibaba Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer DiscretionaryFerrari (RACE) Consumer Discretionary

Filings

92 documents

Earnings releases

40 documents

Presentations

10 documents

Transcripts

0 documents

No transcripts for Alibaba Group are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention Alibaba Group by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.