Skip to main content
Alibaba Group Holding Limited (BABA)
NYSE: BABA · Real-Time Price · USD
158.32
+0.88 (0.56%)
At close: Dec 5, 2025, 4:00 PM EST
158.27
-0.05 (-0.03%)
After-hours: Dec 5, 2025, 7:59 PM EST

Alibaba Revenue by Segment
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017
Commerce
- - - - - - - - - - - - - - - - - - - - 70.65B 66.45B 61.67B 59.55B 54.09B 50.02B 45.73B 41.83B
Commerce Growth
- - - - - - - - - - - - - - - - - - - - 30.61% 32.83% 34.85% 42.37% 43.69% 47.29% 51.11% 52.23%
Taobao and Tmall Group
- - 63.61B 62.46B 61.46B 61.27B 61.50B 67.56B 73.34B 78.69B - - - - - - - - - - - - - - - - - -
Taobao and Tmall Group Growth
- - 3.43% -7.55% -16.20% -22.13% -25.46% -18.71% -12.03% -5.87% - - - - - - - - - - - - - - - - - -
Innovation Initiatives and Other
- - 29.23B 28.87B 28.01B 27.42B 27.22B 19.96B 13.43B 6.69B
Innovation Initiatives and Other Growth
- - 7.40% 44.59% 108.53% 309.69% 8,363.98% 6,638.85% 4,018.78% 1,696.43%
International Commerce
19.92B 19.48B 18.71B 17.84B 16.53B 15.52B 14.51B 13.25B - - - - - - - - - - - - - - - - - -
International Commerce Growth
20.48% 25.49% 28.95% 34.67% 38.15% 44.67% 48.25% 44.14% - - - - - - - - - - - - - - - - - -
Cloud
19.10B 17.66B 16.69B 16.05B 15.53B 15.25B 15.05B 14.06B
Cloud Growth
23.01% 15.78% 10.90% 14.16% 19.98% 27.43% 37.86% 28.13%
Cainiao
- - 14.32B 14.74B 14.78B 14.52B 14.00B 10.72B 9.04B 7.70B - - - - - - - - - - - - - - - - - -
Cainiao Growth
- - 2.27% 37.50% 63.52% 88.57% 128.03% 41.35% 27.37% 16.72% - - - - - - - - - - - - - - - - - -
Local Consumer Services
- - 9.49B 9.27B 9.01B 8.71B 8.46B 8.16B 7.88B 7.53B - - - - - - - - - - - - - - - - - -
Local Consumer Services Growth
- - 12.16% 13.59% 14.38% 15.68% 21.01% 22.00% 19.54% 20.04% - - - - - - - - - - - - - - - - - -
Digital Media and Entertainment
- - 3.15B 3.06B 3.01B 3.02B 2.99B 3.46B 3.82B 4.19B
Digital Media and Entertainment Growth
- - 5.31% -11.50% -21.31% -27.97% -32.83% -21.60% -14.88% -5.72%

Operating Income by Segment
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017
China Commerce
- - 27.75B 27.29B 27.13B 27.48B 27.55B 27.27B 26.31B 25.49B - - - - - - - - - - - - - - - - - -
China Commerce Growth
- - 0.72% 0.07% 3.11% 7.80% 13.29% 14.85% 9.86% 8.76% - - - - - - - - - - - - - - - - - -
Commerce
- - - - - - - - - - - - - - - - - - - - 20.87B 21.04B 19.60B 19.81B 18.26B 17.16B 15.46B 15.04B
Commerce Growth
- - - - - - - - - - - - - - - - - - - - 14.31% 22.61% 26.82% 31.74% 27.32% 20.19% 6.39% 5.72%
Cloud
1.71B 1.58B 1.49B 1.35B 1.24B 1.07B 790.76M 459.58M
Cloud Growth
37.78% 48.14% 88.77% 194.40% - - - -
Cainiao
- - 42.71M -61.37M 41.29M 161.63M 198.26M 223.00M -51.90M -273.49M - - - - - - - - - - - - - - - - - -
Cainiao Growth
- - -78.46% - - - - - - - - - - - - - - - - - - - - - - - - -
Digital Media and Entertainment
- - -78.34M -208.44M -237.85M -241.10M -217.63M -333.30M -405.00M -475.14M
Local Consumer Services
- - -521.66M -646.39M -854.54M -1.16B -1.39B -1.87B -2.35B -2.79B - - - - - - - - - - - - - - - - - -
Unallocated
-542.31M -549.38M -613.30M -736.32M -827.25M -791.61M -875.33M -1.24B
International Commerce
-1.19B -1.62B -2.14B -2.21B -1.96B -1.60B -1.14B -888.05M - - - - - - - - - - - - - - - - - -
Innovation Initiatives and Other
- - -1.21B -1.25B -1.25B -1.23B -1.22B -1.17B -991.43M -1.14B

Operating Expense Breakdown
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017
Sales and Marketing
28.07B 23.26B 20.37B 19.33B 18.07B 17.08B 16.28B 15.73B
Sales and Marketing Growth
55.37% 36.19% 25.08% 22.85% 18.21% 15.08% 11.25% 5.18%
Product Development
8.72B 8.31B 8.08B 7.96B 7.80B 7.80B 7.39B 7.36B
Product Development Growth
11.91% 6.55% 9.37% 8.17% 5.84% 4.05% -7.91% -3.27%
General and Administrative
5.09B 5.42B 6.26B 6.78B 6.84B 6.78B 5.94B 5.77B
General and Administrative Growth
-25.61% -20.04% 5.37% 17.47% 21.25% 16.86% -0.47% 10.97%
Goodwill Impairment
- - - 2.74B - - - 5.43B - 4.31B - 4.09B - - - - - - - - - - - - - - - - - - - - - - -
Amortization and Impairment
640.30M 756.68M 895.97M 1.07B 2.85B 2.96B 3.05B 3.11B
Amortization and Impairment Growth
-77.50% -74.40% -70.66% -65.54% 55.58% 57.99% 59.89% 58.98%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.