Alibaba Group Holding LtdAlibaba Group Holding Ltd
Alibaba Group Holding Ltd

Alibaba Group Holding Ltd

BABA
Consumer Discretionary·Broadline Retail

Alibaba Group Holding Ltd engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media & Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

Hong Kong
Market cap
No dataNo data
Revenue
$148.5B+8.1% YoY
Net income
$15B−16.2% YoY
Free cash flow
$10.9B−51.5% YoY

Market

Listed stock
Tokenized stocks
BABAPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$148.5B+8.1% YoY
Operating income
$7.3B−62.6% YoY
Net income
$15B−16.2% YoY
Free cash flow
$10.9B−51.5% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2022 $133.3B, 2023 $126.4B, 2024 $130.7B, 2025 $137.4B, 2026 $148.5B. Operating income: 2022 $10.9B, 2023 $14.6B, 2024 $15.7B, 2025 $19.4B, 2026 $7.3B. Net income: 2022 $9.7B, 2023 $10.6B, 2024 $11.1B, 2025 $17.9B, 2026 $15B. Free cash flow: 2022 $14B, 2023 $24.2B, 2024 $21B, 2025 $22.5B, 2026 $10.9B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
8.1%+301 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2022-03-31 $10.9B, 2023-03-31 $14.6B, 2024-03-31 $15.7B, 2025-03-31 $19.4B, 2026-03-31 $7.3B. Net income: 2022-03-31 $9.7B, 2023-03-31 $10.6B, 2024-03-31 $11.1B, 2025-03-31 $17.9B, 2026-03-31 $15B. Free cash flow: 2022-03-31 $14B, 2023-03-31 $24.2B, 2024-03-31 $21B, 2025-03-31 $22.5B, 2026-03-31 $10.9B

Growth heatmap

2023202420252026CAGR
Revenue
-5.1%
+3.4%
+5.1%
+8.1%
+2.7%
Gross profit
-5.2%
+6.1%
+11.4%
+7.7%
+4.8%
Operating income
+34.2%
+7.8%
+23.4%
-62.6%
-9.6%
Free cash flow
+73.0%
-13.3%
+7.6%
-51.5%
-6.0%

Earnings quality

Operating cash flow
$11.1B−51.0% YoY
Net income
$15B−16.2% YoY
Free cash flow
$10.9B−51.5% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2026-03-31 74%, 2025-03-31 126%, 2024-03-31 228%, 2023-03-31 274%, 2022-03-31 229%. Free cash flow: 2026-03-31 73%, 2025-03-31 126%, 2024-03-31 189%, 2023-03-31 228%, 2022-03-31 144%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data