Alibaba
What matters nowUpdated 3 h ago
- On Sep 23, 2026 Alibaba Cloud said it will open its first cloud regions in Türkiye, Finland and the Netherlands within 12 months, and expand data centers in Malaysia, Germany, the UAE, France and Hong Kong 1. The week before, on Sep 22, Alibaba unveiled the Zhenwu V900 AI chip, with mass production planned for Q1 2027 and a goal of more than 20 GW of Alibaba Cloud capacity by 2032 2.
- BABA traded at 111.04 on the pooled 24/7 venue price, up 0.47% from the previous close of 110.52. Recent daily moves were +5.28% on Oct 9, +4.20% on Oct 5, -5.01% on Sep 23, the day after the Zhenwu V900 unveiling 2, and -8.48% on Aug 21.
- In the June 2026 quarter, cloud revenue rose 45% and quick commerce rose 45%, while China e-commerce (Taobao and Tmall) fell 8%. International e-commerce fell 1% and global wholesale grew 7%, and Qwen AI Labs and Applications revenue rose 16% to RMB3.3 billion with a widening loss.
- On trailing figures to Mar 31, 2026, revenue was 148.4 billion over twelve months, up 8.1% year on year, with a 39.8% gross margin, a 4.9% operating margin and a 10.1% net margin. EPS fell 13.0% year on year, and the stock trades at 138.8 times trailing earnings on a 2.06 trillion market cap. Over the last 180 days insiders made 3 purchases worth $25.7 million and 9 sales worth $84.4 million, a net $58.7 million of selling.
- Alibaba's September-quarter results are estimated for Nov 24, 2026, not yet confirmed. Polymarket gives a 58.7% chance that a Qwen Max 3.9+ model is released by Oct 31, 2026. US September CPI is due Oct 14.
Alibaba is a global technology company focused on AI, cloud and commerce. Its core is the Taobao and Tmall marketplaces in China, quick commerce delivery, international marketplaces and wholesale, and Alibaba Cloud. In the June 2026 quarter, cloud revenue rose 45% and quick commerce rose 45%, while the core China e-commerce business fell 8%. The company now reports a new segment structure, so trade the cloud and AI lines against the legacy commerce base.
How it makes money
Alibaba earns commission and advertising revenue from merchants and brands on its China and international marketplaces, plus fees for delivery and fulfilment services. Alibaba Cloud sells computing, storage, database and AI model services, now its fastest-growing line. Profit depends on how much of the commerce base it can hold while it spends heavily on AI infrastructure and quick commerce.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-03-31 from SEC filings. Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
China e-commerce (Taobao and Tmall)
Core marketplace; revenue fell 8% in the June 2026 quarter.
Quick commerce
Fastest-growing commerce line, up 45% in the June 2026 quarter.
Alibaba Cloud (AI cloud and compute)
External revenue growth accelerated to 45% in the June 2026 quarter.
Qwen models and AI applications
AI Labs and Applications revenue rose 16% to RMB3.3 billion, with a widening loss.
Latest newsAll news →
Alibaba in early talks with Solaria over power for Spain data center
Bloomberg reported on October 2, 2026 that Alibaba has held preliminary talks with Spanish solar producer Solaria about supplying power to a possible data center at Puertollano, about 240 km south of Madrid.
Alibaba named official technology and cloud partner of Brooklyn Nets
Alibaba Group became the Official Technology and Cloud Partner and Official Jersey Patch Partner of the Brooklyn Nets in a multi-year partnership announced on September 28, 2026.
Alibaba Cloud plans first regions in Türkiye, Finland and the Netherlands
Alibaba Cloud said on September 23, 2026 that it will open its first cloud regions in Türkiye, Finland and the Netherlands within the next 12 months, and expand data center presence in Malaysia, Germany, the UAE, France and Hong Kong.
Alibaba unveils Zhenwu V900 AI chip and 20 GW 2032 capacity goal
At the Apsara Conference in Hangzhou on September 22, Alibaba unveiled the Zhenwu V900 AI processor from its T-Head chip unit, which it says delivers three times the performance of the M890 with 216 GB of memory.
Alibaba Hong Kong shares fall over 9% on share sale
Alibaba's Hong Kong shares fell more than 9% at midday on Monday, August 24, 2026, after the company announced the HK$80 billion share sale at an 8.4% discount.
Alibaba prices HK$80 billion share placing to fund AI
Alibaba priced a placing of 710 million newly issued ordinary shares at HK$112.70 each, an aggregate of HK$80 billion (about US$10 billion) offered to non-US investors.
Products & businesses
China e-commerce (Taobao and Tmall)
Core marketplace; revenue fell 8% in the June 2026 quarter.
Quick commerce
Fastest-growing commerce line, up 45% in the June 2026 quarter.
Alibaba Cloud (AI cloud and compute)
External revenue growth accelerated to 45% in the June 2026 quarter.
Qwen models and AI applications
AI Labs and Applications revenue rose 16% to RMB3.3 billion, with a widening loss.
International e-commerce and global wholesale
International e-commerce fell 1%, while global wholesale grew 7% in the June 2026 quarter.
What it's building next
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| China E-commerce Group Taobao, Tmall and related China marketplace businesses, including the former Ele.me and Fliggy businesses in the reporting structure used through FY2026. Revenue is mostly commissions and advertising. | $80.34B | 49.9% | |
| International Digital Commerce Cross-border and regional marketplaces outside China, including wholesale exports and the international commerce businesses. | $20.90B | 13.0% | |
| Cloud Intelligence Group Alibaba Cloud: public cloud computing, storage, databases and AI model and compute services, both external customers and internal use. | $22.92B | 14.2% | |
| All others Smaller businesses and loss-making units, including Cainiao logistics and Hujing Digital Media and Entertainment, grouped together in the FY2026 reporting structure. | $36.88B | 22.9% |
Fiscal FY2026 (ended 2026-03-31) · from the annual report
Valuation & fundamentals
TTM through 2026-03-31 from SEC filings. Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q4 FY2026 2026-03-31 | Q4 FY2025 2025-03-31 | Q4 FY2024 2024-03-31 | Q4 FY2023 2023-03-31 | Q4 FY2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — |
| EPS (diluted) | — | — | — | — | — | — |
| Operating cash flow | — | — | — | — | — | — |
| Share buybacks | — | — | — | — | — | — |
| Cash & equivalents | $19.07B | $19.07B | $20.05B | $34.37B | $28.11B | $29.96B |
| Shares outstanding | 18.58B | 18.58B | 18.47B | 19.47B | 20.53B | 21.36B |
| Metric | FY2026 2026-03-31 | FY2025 2025-03-31 | FY2024 2024-03-31 | FY2023 2023-03-31 | FY2022 2022-03-31 |
|---|---|---|---|---|---|
| Revenue | $148.40B +8% | $137.30B +5% | $130.35B +3% | $126.49B -6% | $134.57B |
| Cost of revenue | $89.32B +8% | $82.45B +2% | $81.20B +1% | $80.04B -6% | $85.10B |
| Gross profit | $59.08Bd +8% | $54.85Bd +12% | $49.15Bd +6% | $46.45Bd -6% | $49.47Bd |
| Research & development | $9.64B +22% | $7.88B +9% | $7.24B -12% | $8.26B -6% | $8.75B |
| Operating income | $7.27B -63% | $19.42B +24% | $15.70B +7% | $14.61B +33% | $10.98B |
| EBIT | $7.27B -63% | $19.42B +24% | $15.70B +7% | $14.61B +33% | $10.98B |
| Interest expense | $1.42B +7% | $1.32B +20% | $1.10B +28% | $862.0M +11% | $774.0M |
| Income tax | $4.36B -11% | $4.88B +57% | $3.12B +38% | $2.26B -46% | $4.23B |
| Net income | $15.02B -16% | $17.93B +62% | $11.08B +5% | $10.60B +8% | $9.82B |
| EPS (diluted) | $0.80 -13% | $0.92 +70% | $0.54 +8% | $0.50 +11% | $0.45 |
| Diluted shares (weighted) | 19.23B | 19.32B | 20.36B | 21.11B | 21.79B |
| Operating cash flow | $11.05B -51% | $22.53B -11% | $25.29B -13% | $29.09B +29% | $22.52B |
| Share buybacks | $1.11B -91% | $11.94B -3% | $12.29B +13% | $10.88B +13% | $9.66B |
| Dividends paid | $4.89B +22% | $4.01B +61% | $2.48B | — | $0 |
| Cash & equivalents | $19.07B | $20.05B | $34.37B | $28.11B | $29.96B |
| Total assets | $276.83B | $248.63B | $244.43B | $255.26B | $267.47B |
| Total liabilities | $113.56B | $98.41B | $90.33B | $91.75B | $96.75B |
| Shareholders' equity | $153.80B | $139.16B | $136.63B | $144.10B | $149.62B |
| Shares outstanding | 18.58B | 18.47B | 19.47B | 20.53B | 21.36B |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Alibaba in early talks with Solaria over power for Spain data center
Bloomberg reported on October 2, 2026 that Alibaba has held preliminary talks with Spanish solar producer Solaria about supplying power to a possible data center at Puertollano, about 240 km south of Madrid.
Alibaba named official technology and cloud partner of Brooklyn Nets
Alibaba Group became the Official Technology and Cloud Partner and Official Jersey Patch Partner of the Brooklyn Nets in a multi-year partnership announced on September 28, 2026.
Alibaba Cloud plans first regions in Türkiye, Finland and the Netherlands
Alibaba Cloud said on September 23, 2026 that it will open its first cloud regions in Türkiye, Finland and the Netherlands within the next 12 months, and expand data center presence in Malaysia, Germany, the UAE, France and Hong Kong.
Alibaba unveils Zhenwu V900 AI chip and 20 GW 2032 capacity goal
At the Apsara Conference in Hangzhou on September 22, Alibaba unveiled the Zhenwu V900 AI processor from its T-Head chip unit, which it says delivers three times the performance of the M890 with 216 GB of memory.
Alibaba Hong Kong shares fall over 9% on share sale
Alibaba's Hong Kong shares fell more than 9% at midday on Monday, August 24, 2026, after the company announced the HK$80 billion share sale at an 8.4% discount.
Alibaba prices HK$80 billion share placing to fund AI
Alibaba priced a placing of 710 million newly issued ordinary shares at HK$112.70 each, an aggregate of HK$80 billion (about US$10 billion) offered to non-US investors.
Alibaba June quarter: cloud revenue up 45%, net income down 75%
Alibaba reported June-quarter 2026 revenue of RMB268.95 billion, up 9% year over year.
Alibaba makes 2.4-trillion-parameter Qwen3.8-Max generally available
Alibaba moved its Qwen3.8-Max flagship from preview to general availability on August 3, 2026, through Alibaba Cloud Model Studio for global developers.
China approves Apple Intelligence, built with Alibaba's Qwen
China's Cyberspace Administration added Apple's AI service to its approved providers list on July 15, 2026, clearing a path for Apple Intelligence in China after about two years of delay.
Alibaba and AUS agree to pay $600 million over illegal goods sales
The US Justice Department announced a $600 million resolution with Alibaba Group and AUS Merchant Services over illegal drugs, controlled substances and pill-making equipment sold through Alibaba.com and AliExpress.
Alibaba becomes official AI and cloud partner for UEFA club competitions
Alibaba signed a partnership with UEFA covering the Champions League, Europa League and Conference League from the 2027/28 to 2032/33 seasons, plus UEFA EURO 2028.
Alibaba unveils Zhenwu M890 AI chip, claims 3x the predecessor
T-Head, Alibaba's chip unit, unveiled the Zhenwu M890 AI accelerator, which Alibaba says delivers three times the performance of the Zhenwu 810E.
Alibaba sets FY2026 dividend at US$1.05 per ADS, about US$2.5 billion
Alibaba's board approved an annual regular cash dividend for fiscal 2026 of US$0.13125 per ordinary share, or US$1.05 per ADS, totaling about US$2.5 billion.
Alibaba opens its full Taobao and Tmall catalog to the Qwen AI app
Alibaba connected its Qwen app to the full Taobao and Tmall catalog of more than 4 billion products, so users can shop by conversation, compare items and place orders.
Alibaba releases Qwen3.6-Max-Preview as a proprietary hosted model
Alibaba released Qwen3.6-Max-Preview on April 20, calling it its most capable model so far and an early preview that it will keep improving.
Alibaba December quarter 2025: revenue up 2%, non-GAAP EPS down 67%
Alibaba reported revenue of RMB284.8 billion for the quarter ended December 31, 2025, up 2% year over year, with cloud growing 36%.
Alibaba Cloud raises prices on AI computing and storage by up to 34%
Alibaba Cloud said it would raise prices on some AI computing products by 5% to 34%, and on its AI-oriented parallel file storage by about 30%.
Alibaba commits 3 billion yuan to Qwen app Spring Festival push
Alibaba pledged 3 billion yuan (about $432 million) to promote its Qwen chatbot during the Lunar New Year holiday, with the campaign starting February 6.
SEC filings
| Oct 7, 26 | 6-K | 6-K: Report of foreign private issuer | sec.gov ↗ |
| Oct 5, 26 | 4 | Form 4: Tsai Joseph C (Director) — option exercise 10,834 sh | sec.gov ↗ |
| Oct 5, 26 | 4 | Form 4: Wu Yongming (Chief Executive Officer, Director) — option exercise 41,334 sh | sec.gov ↗ |
| Oct 2, 26 | 4 | Form 4: Jiang Fang (Chief People Officer) — open-market sale 885,272 sh | sec.gov ↗ |
| Sep 29, 26 | 6-K | 6-K: Report of foreign private issuer | sec.gov ↗ |
| Sep 29, 26 | 4 | Form 4: Jiang Fan (FJ) (CEO of Business Group) — option exercise 670,162 sh | sec.gov ↗ |
| Sep 29, 26 | 4 | Form 4: Yu Siying (General Counsel) — option exercise 13,495 sh, open-market sale 6,764 sh | sec.gov ↗ |
| Sep 29, 26 | 4 | Form 4: Jiang Fang (Chief People Officer) — option exercise 9,747 sh, open-market sale 4,889 sh | sec.gov ↗ |
| Sep 29, 26 | 4 | Form 4: Xu Hong (Chief Financial Officer) — option exercise 229,000 sh, open-market sale 103,046 sh | sec.gov ↗ |
| Sep 25, 26 | 4 | Form 4: Wu Maggie Wei (Director) — award 32,000 sh | sec.gov ↗ |
| Sep 25, 26 | 4 | Form 4: Misra Kabir (Director) — award 32,000 sh | sec.gov ↗ |
| Sep 25, 26 | 4 | Form 4: Martello Wan Ling (Director) — award 32,000 sh | sec.gov ↗ |
| Sep 25, 26 | 4 | Form 4: Shan Weijian (Director) — award 32,000 sh | sec.gov ↗ |
| Sep 25, 26 | 4 | Form 4: Lee Irene Yun-Lien (Director) — award 32,000 sh | sec.gov ↗ |
| Sep 25, 26 | 4 | Form 4: Ng Kong Ping Albert (Director) — award 32,000 sh | sec.gov ↗ |
| Sep 25, 26 | 4 | Form 4: YANG JERRY (Director) — award 32,000 sh | sec.gov ↗ |
| Sep 22, 26 | 6-K | 6-K: Report of foreign private issuer | sec.gov ↗ |
| Sep 22, 26 | SCHEDULE 13D/A | SCHEDULE 13D/A: Activist/controlling ownership report (5%+) (amended) | sec.gov ↗ |
| Sep 14, 26 | 4 | Form 4: Wu Yongming (Chief Executive Officer, Director) — option exercise 320,000 sh | sec.gov ↗ |
| Sep 4, 26 | 6-K | 6-K: Report of foreign private issuer | sec.gov ↗ |
| Aug 26, 26 | 6-K | 6-K: Report of foreign private issuer | sec.gov ↗ |
| Aug 26, 26 | 6-K | 6-K: Report of foreign private issuer | sec.gov ↗ |
| Aug 25, 26 | 4 | Form 4: Tsai Joseph C (Director) — open-market buy 720,000 sh | sec.gov ↗ |
| Aug 24, 26 | 4 | Form 4: Tsai Joseph C (Director) — open-market buy 720,000 sh | sec.gov ↗ |
| Aug 24, 26 | 6-K | 6-K: Report of foreign private issuer | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-30 | Jiang Fang Chief People Officer | Sale | 885.3K | $13.55 | $12.0M |
| 2026-09-25 | Xu Hong Chief Financial Officer | Sale | 103.0K | $13.68 | $1.4M |
| 2026-09-25 | Jiang Fang Chief People Officer | Sale | 4.9K | $13.57 | $66.3K |
| 2026-09-25 | Yu Siying General Counsel | Sale | 6.8K | $13.58 | $91.9K |
| 2026-08-25 | Tsai Joseph C Director | Buy | 720.0K | $14.47 | $10.4M |
| 2026-08-24 | Wu Yongming Chief Executive Officer, Director | Buy | 350.0K | $14.24 | $5.0M |
| 2026-08-24 | Tsai Joseph C Director | Buy | 720.0K | $14.29 | $10.3M |
| 2026-06-29 | EVANS J. MICHAEL President, Director | Sale | 720.0K | $94.95 | $68.4M |
| 2026-06-25 | Jiang Fang Chief People Officer | Sale | 4.9K | $12.09 | $59.2K |
| 2026-06-25 | Yu Siying General Counsel | Sale | 6.8K | $12.10 | $81.9K |
| 2026-06-25 | Xu Hong Chief Financial Officer | Sale | 175.1K | $12.15 | $2.1M |
| 2026-06-25 | Jiang Fan (FJ) CEO of Business Group | Sale | 13.6K | $12.10 | $164.3K |
| 2026-03-25 | Yu Siying General Counsel | Sale | 21.5K | $16.06 | $344.8K |
| 2026-03-25 | Xu Hong Chief Financial Officer | Sale | 54.5K | $16.07 | $875.0K |
| 2026-03-25 | Jiang Fang Chief People Officer | Sale | 16.8K | $16.10 | $271.3K |