Alibaba Group Holding Limited · NYSE:BABA
Alibaba — Q4 2026 Earnings Presentation
18 slides from Alibaba's earnings presentation, May 13, 2026
Slide 1: March Quarter 2026 Results
March Quarter 2026 Results May 13, 2026
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 but not limited to adjusted EBITDA (including adjusted EBITDA margin), adjusted EBITA (including adjusted EBITA margin), no
Slide 3: Business and Financial Highlights
Business and Financial Highlights For the quarter ended March 31, 2026: 11% • Our AI investments and infrastructure drive revenue growth of Total Revenue cloud business. (Excluding Sun Art and Intime1) • Our consumption ecosystem continues to thrive, delivering robust growth. 2025 2026 Consumption B
Slide 4: Financial Highlights
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Slide 5: Cash Flow & Balance Sheet: Selected Financials
Cash Flow & Balance Sheet: Selected Financials P24--'O5(.21'-(8-8'%04'A@= PF-N6-'O5(.21'-(8-8'%04'A@= !"!# !"!B !"!# !"!B !"#$%F'() $%F'%( $%F'%( )*+'%( $%F'%( $%F'%( )*+'%( ,-.'/012'345678-8'9:'53-40.7(;'0/.767.7-1 '!<=#!" '>=?@" '@=AB? '@BA=#"> '<B=!@A '@@="?> !"##$ %&'()*#"+,-+.',."'/0+*12+"3&4.5
Slide 6: 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 Twelve months ended Three months ended Twelve months ended % of Revenue % of Revenue Sales & Marketing Expenses (excluding SBC) General & Administr
Slide 7: Segment Results: Quarter ended March 31, 2026
Segment Results: Quarter ended March 31, 2026 LGI..8-,(4G:8.(7.78N%I8M<B8ACAH !"#$%$% !"#$%$% 3(4.I(%4#,(%" &G#(% 5#6#4%" &",17 )*+,--.I+. &,--.I+. 3(4.""#6.(+. 3(4.I*:.6-.(4 !"#$%&'$&#($)*+),-$,).+)#-/0)12 0I,12 0I,12 0I,12 !""894G.I: ;<= >(%"",+%4.7 ."#-#(%4#,( &,(:,"#7%4.7 ?.@.(1. 8<AABAAC 8MEBFA
Slide 8: Consumption Businesses (1/2)
Consumption Businesses (1/2) Taobao Instant Commerce Alibaba China E-commerce Group Business Highlights E-commerce Revenue We are prioritizing the integration of AI capabilities with our e-commerce applications to • Revenue from our E-commerce business in the quarter ended March 31, 2026 decreased 1
Slide 9: Consumption Businesses (2/2)
Consumption Businesses (2/2) Alibaba International Digital Commerce Group (“AIDC”) Business Highlights International Commerce Retail Revenue During the quarter, AIDC narrowed loss significantly year-over-year, approaching break- • Revenue from our International commerce retail business in the quarte
Slide 10: AI + Cloud Businesses (1/2)
AI + Cloud Businesses (1/2) Model T-Head App Cloud Intelligence Group Business Highlights Segment Revenue For the quarter ended March 31, 2026, revenue from Cloud Intelligence Group was • Revenue from Cloud Intelligence Group was RMB41,626 million (US$6,035 million) in RMB41,626 million (US$6,035 mi
Slide 11: AI + Cloud Businesses (2/2)
AI + Cloud Businesses (2/2) Model T-Head App Business Highlights Model Chip Design – T-Head We continue to push the boundaries of AI capabilities through deep innovation, and we T-Head Semiconductor Co., Ltd. (“T-Head”), our chip design subsidiary, has achieved achieved significant breakthroughs in
Slide 12: All Others
All Others Segment Revenue Segment Adjusted EBITA • Revenue from All others segment was RMB65,459 million (US$9,490 million) in • Adjusted EBITA from All others segment in the quarter ended March 31, 2026 was a loss the quarter ended March 31, 2026, a decrease of 21% year-over-year, primarily due of
Slide 13: Appendix
Appendix
Slide 14: Segment Results: Twelve months ended March 31, 2026
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Slide 15: Revenue Breakdown
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Slide 16: GAAP to Non-GAAP Measures Reconciliation
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Slide 17: GAAP to Non-GAAP Net Income Attributable to Ordinary Shareholders
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