BABANYSEServices-Business Services, NECUS GAAP · USD

Alibaba Group Holding Ltd

Alibaba Group Holding Ltd is a multinational technology company centered on e-commerce, digital retail infrastructure, and cloud computing services. Through platforms such as Taobao, Tmall, Alibaba.com, and its cloud and AI capabilities, it connects consumers, merchants, brands, and enterprises across China and international markets.

Kysy yhtiöstä
Liikevaihto1 023,7mrd USD
+2,7 %v/v
Liikevoitto (EBIT)50,2mrd USD
−64,4 %v/v
EBIT-marginaali4,9%
−9,2 %-yks.v/v
Nettotulos103,6mrd USD
−20,4 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

02505007501 0001 250mrd USD2021: 717,3 mrd USD2021: EBIT 89,7 mrd USD20212022: 853,1 mrd USD2022: EBIT 69,6 mrd USD20222023: 868,7 mrd USD2023: EBIT 100,4 mrd USD20232024: 941,2 mrd USD2024: EBIT 113,4 mrd USD20242025: 996,3 mrd USD2025: EBIT 140,9 mrd USD20252026: 1 023,7 mrd USD2026: EBIT 50,2 mrd USD20261 023,750,2
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Alibaba Group Holding Ltd

Liiketoiminta

Osuus liikevaihdosta
China E-commerce40 %

Online retail marketplaces and related consumer-commerce services in China.

China Quick Commerce10 %

Rapid delivery and local commerce offerings integrated into the domestic app ecosystem.

International E-commerce20 %

Cross-border and overseas retail marketplaces serving consumers and merchants outside China.

Global Wholesale10 %

Business-to-business wholesale marketplace and trade facilitation services.

Cloud and AI Services20 %

Alibaba Cloud infrastructure, enterprise software, and AI model services built around Qwen.

Asiakkaat

Alibaba sells to consumers shopping on its retail platforms, merchants and brands using its marketplaces and advertising tools, and enterprises buying cloud and AI infrastructure. Its business model also serves wholesalers and cross-border sellers that use Alibaba.com and related international commerce channels.

Consumers

Buy goods and services through domestic marketplaces and quick commerce apps for convenience and selection.

Merchants and Brands

Use marketing, platform tools, and store management services to reach shoppers and run online operations.

Cross-border E-commerce Sellers

Sell into international markets through Alibaba's overseas platforms and logistics-enabled channels.

Wholesale Buyers and Suppliers

Use Alibaba.com for business sourcing, trade discovery, and order execution.

Enterprises

Purchase cloud computing, AI model access, and enterprise software for digital infrastructure needs.

Strategia

Alibaba is focused on deepening the integration of AI across its commerce and enterprise platforms to improve user experience, merchant tools, and operating workflows. It is also reorganizing its e-commerce businesses into clearer operating units to capture synergies across domestic, cross-border, quick commerce, and wholesale channels.

AI integration across commerceLyhyt aikaväli

Improves discovery, conversion, merchant productivity, and platform stickiness.

E-commerce business integrationKeskipitkä aikaväli

Combining domestic and international commerce can unlock operational and traffic synergies.

Quick commerce expansionKeskipitkä aikaväli

Adds frequency and engagement to the consumer ecosystem and supports incremental monetization.

Cloud and AI platformizationPitkä aikaväli

Cloud infrastructure and model capabilities broaden the addressable market beyond retail.

Maantiede

Alibaba is anchored in China, where its consumer commerce and quick commerce businesses are centered, but it also operates international e-commerce and wholesale platforms across multiple overseas markets. Its cloud and AI services are deployed more broadly, with geography influencing regulation, logistics, consumer behavior, and competitive intensity.

Riskit

Alibaba faces competitive pressure in domestic and international e-commerce, where consumer traffic, merchant retention, and pricing are highly contested. It also faces execution and technology risks around integrating AI at scale, managing goodwill and investment valuations, and navigating regulatory and cross-border operating complexity.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Competitive pressure in e-commerce1Transaction softness2Impairment risk3AI execution risk4Regulatory and cross-border complexity5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Competitive pressure in e-commerceVaikutus: KorkeaTodennäköisyys: Korkea

    Merchant spend and consumer traffic are contestable across major online platforms.

    Kohdistuu: China e-commerce and international e-commerce

  2. Transaction softnessVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Lower consumer activity directly affects customer management revenue and marketplace monetization.

    Kohdistuu: Domestic e-commerce

  3. Impairment riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company disclosed goodwill impairment, showing sensitivity to asset valuation and business performance.

    Kohdistuu: All others and acquired businesses

  4. AI execution riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Platform gains depend on successful adoption of Qwen-based tools by consumers and merchants.

    Kohdistuu: Commerce and enterprise platforms

  5. Regulatory and cross-border complexityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Operations span China and international markets with different trade, data, and platform rules.

    Kohdistuu: International e-commerce and cloud

Kysy Clarifolta: Alibaba Group Holding Ltd

Kirjanpito

Harkinnanvaraiset erät
Share-based compensation

Employee awards are a recurring expense and a major non-GAAP adjustment.

Vaikutus: Affects operating income and reconciliation to non-GAAP earnings

Investment fair value changes

Gains and losses from investments can be large and unpredictable.

Vaikutus: Creates volatility in reported net income

Goodwill impairment

The company recorded goodwill impairment in businesses within All others.

Vaikutus: Can materially reduce earnings in the period recognized

Intangible asset amortization

Amortization affects the comparison between GAAP and non-GAAP results.

Vaikutus: Reduces reported profit while not affecting cash flow directly

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Alphabet Inc.

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Commerce.com, Inc.

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Taoping Inc.

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Päivitetty: 28.9.2026