$BBAAY

Alibaba Group Holding Ltd

CIK:0001577552|SEC Filings

CONSOLIDATED INCOME STATEMENTS ¥ in Millions, shares in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2026 CNY (¥) ¥ / shares shares	Mar. 31, 2026 USD ($) $ / shares shares	Mar. 31, 2025 CNY (¥) ¥ / shares shares	Mar. 31, 2024 CNY (¥) ¥ / shares shares
Income Statement [Abstract]
Revenue	¥ 1,023,670	$ 148,401	¥ 996,347	¥ 941,168
Cost of revenue	(616,136)	(89,321)	(598,285)	(586,323)
Product development expenses	(66,533)	(9,645)	(57,151)	(52,256)
Sales and marketing expenses	(245,023)	(35,521)	(144,021)	(115,141)
General and administrative expenses	(33,082)	(4,796)	(44,239)	(41,985)
Amortization and impairment of intangible assets	(5,079)	(736)	(6,336)	(21,592)
Impairment of goodwill	(9,515)	(1,380)	(6,171)	(10,521)
Other gains, net	1,848	268	761	0
Income from operations	50,150	7,270	140,905	113,350
Interest and investment income, net	87,512	12,687	20,759	(9,964)
Interest expense	(9,793)	(1,420)	(9,596)	(7,947)
Other income, net	1,518	220	3,387	6,157
Income before income tax and share of results of equity method investees	129,387	18,757	155,455	101,596
Income tax expenses	(30,045)	(4,356)	(35,445)	(22,529)
Share of results of equity method investees	2,785	404	5,966	(7,735)
Net income	102,127	14,805	125,976	71,332
Net loss attributable to noncontrolling interests	1,465	213	4,133	8,677
Net income attributable to Alibaba Group Holding Limited	103,592	15,018	130,109	80,009
(Accretion) Reversal of accretion of mezzanine equity	2,312	335	(639)	(268)
Net income attributable to ordinary shareholders	¥ 105,904	$ 15,353	¥ 129,470	¥ 79,741
Earnings per share attributable to ordinary shareholders
Basic \| (per share)	¥ 5.7	$ 0.83	¥ 6.89	¥ 3.95
Diluted \| (per share)	5.5	0.8	6.7	3.91
Earnings per ADS attributable to ordinary shareholders (one ADS equals eight ordinary shares)
Basic \| (per share)	45.63	6.61	55.12	31.61
Diluted \| (per share)	¥ 44	$ 6.38	¥ 53.59	¥ 31.24
Weighted average number of shares used in computing earnings per share (million shares)
Basic	18,568	18,568	18,791	20,182
Diluted	19,235	19,235	19,318	20,359

CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2026 CNY (¥)	Mar. 31, 2026 USD ($)	Mar. 31, 2025 CNY (¥)	Mar. 31, 2024 CNY (¥)
Cash flows from operating activities:
Net income	¥ 102,127	$ 14,805	¥ 125,976	¥ 71,332
Adjustments to reconcile net income to net cash provided by operating activities:
Revaluation (gain) loss on previously held equity interest	99	14	(628)	0
Loss on disposals of equity method investees	529	77	27	10
Loss (Gain) related to equity securities and other investments	(66,089)	(9,581)	(28,652)	23,480
Change in fair value of other assets and liabilities	(992)	(144)	590	(708)
(Gain) Loss on disposals of subsidiaries	(8,387)	(1,216)	21,509	(1,550)
Depreciation and impairment of property and equipment, and operating lease cost relating to land use rights	37,067	5,374	29,260	26,640
Amortization of intangible assets and licensed copyrights	10,051	1,456	13,199	17,864
Equity-settled share-based compensation expense	11,180	1,621	13,970	18,546
Impairment of equity securities and other investments	7,724	1,120	8,801	12,244
Impairment of goodwill, intangible assets and licensed copyrights	11,244	1,631	6,805	22,610
Gain on disposals of property and equipment	(1,848)	(268)	(784)	(107)
Share of results of equity method investees	(2,785)	(404)	(5,966)	7,735
Deferred income taxes	(2,528)	(366)	374	(5,263)
Allowance for doubtful accounts	1,368	198	3,016	3,509
Changes in assets and liabilities, net of effects of acquisitions and disposals:
Prepayments, receivables and other assets, and long-term licensed copyrights	(67,931)	(9,847)	(50,590)	(37,621)
Income tax payable	(1,973)	(286)	1,968	(4,764)
Accrued expenses, accounts payable and other liabilities	37,933	5,499	25,873	27,126
Merchant deposits	(38)	(6)	(12,463)	(560)
Deferred revenue and customer advances	9,462	1,372	11,224	2,070
Net cash provided by operating activities	76,213	11,049	163,509	182,593
Cash flows from investing activities:
Decrease in short-term investments, net	42,235	6,123	23,395	71,426
Increase in other treasury investment, net	(12,687)	(1,839)	(126,041)	(64,392)
Settlement of forward exchange contracts, net	229	33	(335)	658
Acquisitions of equity and debt securities, and others	(63,753)	(9,242)	(10,342)	(15,240)
Disposals of equity and debt securities, and others	80,685	11,697	18,214	21,966
Acquisitions of equity method investees	(3,723)	(540)	(3,822)	(3,525)
Disposals of and distributions from equity method investees	5,627	816	1,520	1,265
Acquisitions of:
Land use rights, property and equipment	(126,063)	(18,275)	(85,972)	(32,087)
Intangible assets	(874)	(127)	0	(842)
Disposals of property and equipment	541	78	2,428	373
Cash (paid) received for business combinations, net of cash acquired	(1,212)	(176)	353	(2,204)
Deconsolidation and disposal of subsidiaries, net of cash proceeds	11,421	1,656	(5,077)	699
Loans to employees, net of repayments	238	34	264	79
Net cash used in investing activities	(67,336)	(9,762)	(185,415)	(21,824)
Cash flows from financing activities:
Issuance of ordinary shares	1,042	151	10	843
Repurchase of ordinary shares	(7,638)	(1,107)	(86,662)	(88,745)
Dividend distribution	(33,732)	(4,890)	(29,077)	(17,946)
Acquisition of additional equity interests in non-wholly owned subsidiaries	(16,768)	(2,431)	(21,949)	(5,821)
Dividends paid by non-wholly owned subsidiaries to noncontrolling interests	(1,317)	(191)	(664)	(546)
Contingent consideration payments made after a business combination and others	(232)	(34)	(197)	(71)
Capital injection from noncontrolling interests	349	50	2,402	1,577
Proceeds from bank borrowings and other borrowings, net of upfront fee payment for a syndicated loan	84,228	12,210	52,788	20,570
Repayment of bank borrowings	(78,458)	(11,374)	(43,678)	(13,092)
Proceeds from convertible unsecured senior notes, net of debt issuance cost	22,276	3,229	35,665	0
Payments for capped call transactions	(1,309)	(189)	(4,612)	0
Proceeds from exchangeable bonds, net of debt issuance cost	10,986	1,593	0	0
Proceeds from unsecured senior notes, net of debt issuance cost	0	0	35,979	0
Repayment of unsecured senior notes	0	0	(16,220)	(5,013)
Net cash used in financing activities	(20,573)	(2,983)	(76,215)	(108,244)
Effect of exchange rate changes on cash and cash equivalents, restricted cash and escrow receivables	(4,004)	(580)	965	4,389
Increase (Decrease) in cash and cash equivalents, restricted cash and escrow receivables	(15,700)	(2,276)	(97,156)	56,914
Cash and cash equivalents, restricted cash and escrow receivables at beginning of year	189,268	27,438	286,424	229,510
Cash and cash equivalents, restricted cash and escrow receivables at end of year	173,568	25,162	189,268	286,424
Supplemental disclosures of cash flow information:
Payment of interest	9,384		8,866	7,832
Business combinations:
Cash paid for business combinations	(1,503)		(612)	(2,325)
Cash acquired in business combinations	291		965	121
Cash paid for business combinations, net of cash acquired	¥ (1,212)	$ (176)	¥ 353	¥ (2,204)

CONSOLIDATED BALANCE SHEETS ¥ in Millions, $ in Millions	Mar. 31, 2026 CNY (¥)	Mar. 31, 2026 USD ($)	Mar. 31, 2025 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 131,530	$ 19,068	¥ 145,487
Short-term investments	155,310	22,515	228,826
Restricted cash and escrow receivables	42,038	6,094	43,781
Equity securities and other investments	30,054	4,357	53,780
Prepayments, receivables and other assets	251,837	36,509	202,175
Total current assets	610,769	88,543	674,049
Equity securities and other investments	449,942	65,228	356,818
Prepayments, receivables and other assets	94,996	13,772	83,431
Investments in equity method investees	206,803	29,980	210,169
Property and equipment, net	282,699	40,983	203,348
Intangible assets, net	16,983	2,462	20,911
Goodwill	247,378	35,862	255,501
Total assets	1,909,570	276,830	1,804,227
Current liabilities:
Current bank borrowings	28,224	4,092	22,562
Income tax payable	10,630	1,541	11,638
Accrued expenses, accounts payable and other liabilities	359,893	52,173	332,537
Merchant deposits	236	34	274
Deferred revenue and customer advances	77,415	11,223	68,335
Total current liabilities	476,398	69,063	435,346
Deferred revenue	4,885	708	4,536
Deferred tax liabilities	46,060	6,678	48,454
Non-current bank borrowings	47,450	6,879	49,909
Non-current unsecured senior notes	117,485	17,032	122,398
Non-current convertible unsecured senior notes	55,861	8,098	35,834
Non-current exchangeable bonds	10,976	1,591	0
Other liabilities	24,185	3,506	17,644
Total liabilities	783,300	113,555	714,121
Commitments and contingencies
Mezzanine equity	7,845	1,137	11,713
Shareholders' equity:
Ordinary shares, US$0.000003125 par value; 32,000,000,000 shares authorized as of March 31, 2025 and 2026; 18,474,235,708 and 18,580,374,278 shares issued and outstanding as of March 31, 2025 and 2026 respectively	1	0	1
Additional paid-in capital	385,086	55,826	381,379
Treasury shares, at cost	(36,141)	(5,239)	(36,329)
Statutory reserves	16,628	2,410	15,936
Accumulated other comprehensive income (loss)
Cumulative translation adjustments	(13,404)	(1,943)	3,286
Unrealized gains on interest rate swaps and others	334	48	107
Retained earnings	708,382	102,694	645,478
Total shareholders' equity	1,060,886	153,796	1,009,858
Noncontrolling interests	57,539	8,342	68,535
Total equity	1,118,425	162,138	1,078,393
Total liabilities, mezzanine equity and equity	¥ 1,909,570	$ 276,830	¥ 1,804,227