Market capitalisation
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Share price multiplied by shares outstanding. It does not measure company cash.
Company analysis·BABA
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NYSE·BABA
Alibaba Group Holding Limited
Share price$109.45Price as of: Nov 6, 2026
Alibaba Group Holding Limited (BABA) is a company listed on NYSE, classified under Specialty Retail.
Alibaba is a leading group in commerce, technology, and digital services, strongly present in Chinese e-commerce with multiple lines including logistics, cloud, entertainment, and local services.
Revenue · FY 2026
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Sales generated during the period, before costs and expenses.
Net margin · FY 2026
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Net income as a proportion of revenue.
“Our take” and other explanations are generated with artificial intelligence from the data, without human review of each text. They are descriptive, not recommendations. Learn more
Explore questions
P1 · What does it do and how does it make money?
Of every ¥100 it takes in,54 come from Alibaba China E-commerce Group.
Alibaba China E-commerce Group is its largest source of revenue (54.1%), followed by All others (24.8%). Here you will see what it sells, where, and how that mix is changing.
¥1,024bnrevenue in FY 2026
6business lines with data
6business lines with data
Full fiscal year ended Mar 31, 2026
After that close
Q1 fiscal 2027, ended Jun 30, 2026: total revenue +8.3% against the same quarter a year earlier.
This is the revenue of the whole company. The split by lines and regions on this page is still that of the full fiscal year.01How it makes money
The data does not separate products from services.
Not all revenue behaves the same way. A one-off sale depends on someone buying again; a service is billed again and again while the customer stays.
Its business lines · FY 2026
02Where revenue comes from
A single line brings in half or more.
Each rectangle is a business line and its size is the share of revenue it brings in. Select one to see the detail.
No room for a label in the mosaic
Area = share of total revenue for the year. It does not show profit: the company does not report what each line earns.
What is a segment's weight?
The part of everything the company takes in that comes from that line. If a line weighs 49%, then of every 100 in sales, 49 come from it.
How to read it
The more a line weighs, the more revenue depends on it. A high weight is neither good nor bad by itself: it shows where to look first.
03Where sales come from
Geographic breakdown not available
Our data provider does not have a breakdown of revenue by country or region for this company. This does not necessarily mean that the company does not publish this information.
04How the mix is changing
All others is gaining weight.
Weight of each part in 2025 and in 2026. A line gains weight when it grows faster than the total.
pp = percentage points: the difference between two percentages (from 25% to 27% is 2 pp).
05Read with care
What we can deduce from the data. And what we cannot.
We can deduceWe cannot conclude
01
Alibaba China E-commerce Group remains the largest with 54.1% of revenue, but its size did not translate into driving growth in FY 2026.
That diversification protects growth: even with several lines, growth was more concentrated than revenues.
02
Although revenue grew, profitability fell: net margin dropped from 13.1% to 10.1% in FY 2026, showing pressure on earnings.
That any single line is sustaining profit: margin by line is unknown, so it's unclear which segment supports net income.
Our take
Alibaba relies on a single segment for growth, while its core business stagnates and profitability falls.
- 01Shown by the figures
Growth came from outside the core
In FY 2026, All others contributed all and more of the revenue growth, while the core, Alibaba China E-commerce Group, barely changed. This calls into question the core’s health, since without All others, revenue would have declined.
- 02Our interpretation
More lines do not mean spread growth
Although Alibaba spans several lines, growth was highly concentrated in one ('All others'), leaving the company vulnerable if that line loses momentum.
What is not proven
Whether All others’ growth is sustainable and which of its sub-lines drives it is crucial, as the rest of the group is not expanding.
See the calculations behind it
- All others brought CN¥48.1B of the CN¥27.3B by which revenue grew in FY 2026 (176.0%), although it weighed 20.7%. Without that line, the rest grew −2.6%.
- All others brought CN¥48.1B, more than the whole increase in revenue in FY 2026 (CN¥27.3B).
- Alibaba China E-commerce Group weighs more than all the other lines together: 54.1% of revenue in FY 2026.
With data to Nov 5, 2026. Analysis written by a language model from our calculations, which supply every figure. It is not investment advice.
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