Alibaba Group Holding Limited · NYSE:BABA
Alibaba — Q2 FY2026 Earnings Presentation
17 slides from Alibaba's earnings presentation, Aug 29, 2025
Slide 1: June Quarter 2025 Results
June Quarter 2025 Results August 29, 2025
Slide 2: Disclaimer
Disclaimer This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States (“GAAP”), including adjusted EBITDA (including adjusted EBITDA margin), adjusted EBITA (including adjusted EBITA margin), non-GAAP net income,
Slide 3: Business and Financial Highlights
Business and Financial Highlights Revenue for the quarter ended June 30: 10% Total Revenue (Excluding Sun Art • We are embarking on a new chapter of entrepreneurship by investing in and Intime1) two strategic pillars of consumption and AI + Cloud. 2024 2025 10% • We undertook a strategic combination
Slide 4: Financial Highlights
Financial Highlights Three months ended June 30, (in RMB Mn, except per share data and percentages) 2024 2025 YoY% Revenue 243,236 247,652 2% Income from operations 35,989 34,988 (3)% Non-cash share-based compensation expense 4,109 3,194 Amortization and impairment of intangible assets, and others 1
Slide 5: Cash Flow & Balance Sheet: Selected Financials
Cash Flow & Balance Sheet: Selected Financials Three months ended June 30, 2024 2025 Cash Flow RMB Mn RMB Mn USD Mn Net cash provided by operating activities 33,636 20,672 2,886 Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campus
Slide 6: Share Repurchases
Share Repurchases During the quarter ended June 30, 2025, we repurchased a total of 56 million ordinary shares (equivalent to 7 million ADSs) for a total of US$815 million. These purchases were made in the U.S. market under our share repurchase program. The remaining amount of Board authorization fo
Slide 7: Cost of Revenue and Operating Expenses
Cost of Revenue and Operating Expenses Cost of Revenue (excluding SBC) Product Development Expenses (excluding SBC) (RMB Mn) (RMB Mn) Three months ended Three months ended % of Revenue % of Revenue 59.8% 5.5% 54.9% 4.8% Sales & Marketing Expenses (excluding SBC) General & Administrative Expenses (ex
Slide 8: Segment Results: Quarter ended June 30
Segment Results: Quarter ended June 30 M(0II&.-)5(J&I)8I8&N2)I&FBC&EBEI !"#$%$% 4)5I0)%5#-)%" !"#$%$%&G(#)% 6#7#5%" G"-28 *+,-..I0,I G-..I0,I 4)5I""#7I),I 4)5I0+JI7.I)5 !"#$%&'$&#($)*+),-$,).+)#-/0)12 10-23 10-23 10-23 !""&95(I0J ;<= >)%""-,%5I8 I"#.#)%5#-) G-)J-"#8%5I8 ?I@I)2I &&&&&&&&<ABCBDE &&&&&
Slide 9: Alibaba China E-commerce Group
Alibaba China E-commerce Group Taobao Instant Commerce Ele.me Business Highlights E-commerce Revenue We launched “Taobao Instant Commerce” service on the Taobao app at the end of April to • Customer management revenue increased 10% year-over-year, primarily driven by the meet consumer needs for on-d
Slide 10: Alibaba International Digital Commerce Group ("AIDC")
Alibaba International Digital Commerce Group (“AIDC”) Business Highlights International Commerce Retail Revenue For the quarter ended June 30, 2025, revenue from AIDC grew 19% year-over-year to • Revenue from our International commerce retail business in the quarter ended June RMB34,741 million (US$
Slide 11: Cloud Intelligence Group
Cloud Intelligence Group Business Highlights Segment Revenue For the quarter ended June 30, 2025, revenue from Cloud Intelligence Group was • Revenue from Cloud Intelligence Group was RMB33,398 million (US$4,662 RMB33,398 million (US$4,662 million), an increase of 26% year-over-year. During this mil
Slide 12: All Others
All Others Amap Segment Revenue Segment Adjusted EBITA • Revenue from All others segment was RMB58,599 million (US$8,180 million) • Adjusted EBITA from All others segment in the quarter ended June 30, 2025 was in the quarter ended June 30, 2025, a decrease of 28% year-over-year, a loss of RMB1,415 m
Slide 13: Appendix
Appendix 13
Slide 14: Revenue Breakdown
Revenue Breakdown Three months ended June 30, (in RMB Mn, except percentages) 2024 2025 YoY% Alibaba China E-commerce Group 127,670 140,072 10% E-commerce 108,522 118,577 9% - Customer management 81,088 89,252 10% - Direct sales, logistics and others(1) 27,434 29,325 7% Quick commerce(2) 13,196 14,7
Slide 15: GAAP to Non-GAAP Measures Reconciliation
GAAP to Non-GAAP Measures Reconciliation IM;**+981)M(+*1%*%+UG1*+>"@ !"!# !"!? $%FG()*%+,-.I$+01%+$%FG()*%+,-.I2$ 34-+41 34-+41 562+41 .1789*+J;89+8<*;0)=81( >?@ABA >#@ABB #@BB# !!"#$%&G()!()G*+%,G(+-!&#.I+$(G01#$!+2I+$(+ !34567 !84573 339 !!:.#*01;G01#$!G$-!1.IG1*.+$0!#<!1$0G$=1,L+!G((+0(4!G$-!#0)+
Slide 16: GAAP to Non-GAAP Net Income Attributable to Ordinary Shareholders
GAAP to Non-GAAP Net Income Attributable to Ordinary Shareholders Three months ended June 30, 2024 2025 (in Mn, except per share data) RMB RMB USD Net income attributable to ordinary shareholders – basic 24,269 43,116 6,019 Dilution effect on earnings arising from non-cash share-based awards operate
Slide 17: Slide 17
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