---
title: "Alibaba-W released its annual performance, with revenue of 1,023.67 billion yuan, a year-on-year increase of 3%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286234261.md"
description: "Alibaba-W released its financial results for the quarter ending March 2026, with revenue of 243.38 billion yuan, a year-on-year increase of 3%. Excluding disposed businesses, revenue increased by 11% year-on-year. The net profit attributable to ordinary shareholders was 25.476 billion yuan, with a net profit of 23.502 billion yuan, a year-on-year increase of 96%. For the fiscal year 2026, revenue was 1,023.67 billion yuan, a year-on-year increase of 3%, and net profit was 102.127 billion yuan, a year-on-year decrease of 19%. CEO Eric Wu stated that AI technology has entered a phase of large-scale commercialization returns, with external cloud commercialization revenue growth accelerating to 40%"
datetime: "2026-05-13T09:44:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286234261.md)
  - [en](https://longbridge.com/en/news/286234261.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286234261.md)
---

# Alibaba-W released its annual performance, with revenue of 1,023.67 billion yuan, a year-on-year increase of 3%

According to the Zhitong Finance APP, Alibaba-W (09988) released its performance for the quarter ending March 2026, with the group achieving revenue of RMB 243.38 billion, a year-on-year increase of 3%. Excluding the revenue from the disposed businesses of Sun Art Retail and Intime, the year-on-year growth of revenue on a comparable basis would be 11%. The net profit attributable to ordinary shareholders was RMB 25.476 billion. The net profit was RMB 23.502 billion, a year-on-year increase of 96%. The diluted earnings per American Depositary Share were RMB 10.36.

For the financial year ending March 31, 2026, the group achieved revenue of RMB 1,023.67 billion, a year-on-year increase of 3%. Excluding the revenue from the disposed businesses of Sun Art Retail and Intime, the year-on-year growth of revenue on a comparable basis would be 11%. The net profit attributable to ordinary shareholders was RMB 105.904 billion. The net profit was RMB 102.127 billion, a year-on-year decrease of 19%. The diluted earnings per American Depositary Share were RMB 44.00.

Alibaba Group CEO Eric Wu stated: "Alibaba's full-stack AI technology investment has officially crossed the initial cultivation stage and entered a positive scale commercialization return cycle. In this quarter, we achieved accelerated breakthroughs at the model, cloud infrastructure, and application layers. The growth rate of external cloud commercialization revenue increased to 40%, with AI-related revenue accounting for 30%. At the AI model layer, the Qianwen large model demonstrated a leading position in reasoning and programming, while we launched video generation models and world models to enrich the multi-modal model matrix. At the AI application layer, we see the enormous potential of intelligent agent AI—we launched multiple enterprise-level intelligent agents covering scenarios such as office programming, and the C-end application Qianwen app fully connects e-commerce service capabilities, further deepening the synergy between AI applications and the large consumer ecosystem."

Alibaba Group CFO Trudy Dai stated: "Our strategic investments continue to translate into business growth. The revenue growth of the Cloud Intelligence Group continues to accelerate, with AI-related product revenue achieving triple-digit growth for eleven consecutive quarters. Customer management revenue in China's e-commerce grew by 8% year-on-year on a comparable basis, with the unit economics of instant retail and average order value steadily improving. Looking ahead, we are confident in our business and will continue to invest in AI + Cloud to strengthen our strategic advantages."

**Consumer Business**

Alibaba China E-commerce Group

We are actively promoting the integration of AI capabilities with e-commerce applications to enhance the experience for consumers and merchants. On the consumer side, we have connected the e-commerce businesses of Taobao and Tmall with the Qianwen app, thereby expanding Qianwen's user reach and providing Taobao and Tmall consumers with a new AI-driven experience. Additionally, the Taobao app has launched the Qianwen AI shopping assistant, providing end-to-end services throughout the shopping process, including product discovery, in-sale support, order management, and after-sales service. On the merchant side, we launched the enterprise-level AI native intelligent agent "Wukong," aimed at integrating advanced intelligent capabilities into workflows to enhance merchant operational efficiency.

To help merchants expand their business scale and increase their willingness to invest on our platform, we have updated the marketing development plan for certain merchants starting this quarter, linking the platform's subsidies for these merchants to their investments on the platform. This will cause the subsidies originally accounted for under sales and marketing expenses to be treated as a reduction item in customer management revenue, resulting in a year-on-year increase of 1% in customer management revenue disclosed this quarter If we do not consider the impact of the revenue offset items generated by this plan, the year-on-year growth of customer management revenue on a comparable basis will be 8%.

The instant retail business continues to focus on scale while improving unit economics and further expanding high-ticket dining and non-food categories. In this quarter, the unit economics of the instant retail business further improved, with an increase in average order value compared to the previous quarter, mainly due to the optimization of order structure.

The 88VIP membership is our highest purchasing power consumer group, with a continuous year-on-year double-digit growth, exceeding 62 million. For our most important customers, we will continue to focus on improving the retention of 88VIP members by enhancing value positioning.

Alibaba International Digital Commerce Group (AIDC)

In this quarter, AIDC's losses significantly narrowed year-on-year and approached breakeven, mainly due to logistics optimization and improved operational efficiency. The unit economics of the AliExpress Choice business continued to improve significantly compared to the previous quarter. We are committed to leveraging the supply chain advantages of the Alibaba ecosystem to continuously provide a rich and diverse product supply. The AliExpress "Brand+" program further accelerates brand access, with the quarterly active buyer penetration rate of "Brand+" exceeding 30% this quarter.

Our international wholesale platform Alibaba.com continues to drive widespread adoption of its AI-driven tools among merchants. Building on the existing AI procurement assistant Accio, we have also launched the intelligent business platform Accio Work for small and medium-sized enterprises globally, which is not limited to procurement but covers its entire operational lifecycle, aiming to significantly lower the entry barriers for cross-border trade and enhance operational efficiency.

**AI + Cloud Business**

Cloud Intelligence Group

For the quarter ending March 31, 2026, the revenue of the Cloud Intelligence Group was RMB 41.626 billion (USD 6.035 billion), a year-on-year increase of 38%, particularly with external commercialization revenue accelerating to a year-on-year growth of 40%. This growth momentum is primarily driven by the increase in public cloud business revenue, including the adoption of AI-related products. In this quarter, revenue from AI-related products maintained strong momentum, reaching RMB 8.971 billion, achieving a year-on-year growth of triple digits for the eleventh consecutive quarter.

Alibaba Cloud continues to drive more customers to adopt our comprehensive AI + cloud products and services, including high-performance networks, distributed storage, cloud operating systems, and model training and inference services. We are executing a strategy with our comprehensive full-stack AI capabilities to lead the AI cloud market in China, covering AI models, AI cloud infrastructure, and orchestration software for managing heterogeneous chip clusters (including self-developed dedicated inference chips).

In this quarter, we focused on advancing the Model as a Service (MaaS) strategy. Observing a rapid increase in demand for MaaS, we tailored a diverse product portfolio for various users, from individual developers to large enterprises, launching on the MaaS platform BaiLian a variety of offerings—including more top-tier model matrices such as Qwen3.6-Plus, enterprise solutions supporting flexible token schemes, and a continuously enriched agent product portfolio covering Wukong, MiaoWu, and industry-specific agents. As a result, by March 2026, the number of customers on the BaiLian platform increased eightfold year-on-year Model

We continuously expand the boundaries of AI capabilities through deep innovation. Recently, we have made significant progress in model intelligence by launching a series of brand new large language models and multimodal models.

In March, we released Qwen3.6-Plus, achieving significant all-around performance improvements, particularly excelling in programming and agent programming, becoming an industry benchmark in front-end web development and complex warehouse-level tasks. Qwen3.6-Plus also possesses stronger multimodal perception and reasoning capabilities, with a native context window length supporting up to 1 million tokens, further enhancing stability and reliability.

In addition to the Qwen model family, we are also continuously enriching our specialized model layout, including the world model HappyOyster, which supports real-time creation and interaction, and the multimodal model HappyHorse for video generation. Both models are currently undergoing gray testing.

Our board of directors has approved the distribution of the annual regular cash dividend for the fiscal year 2026 to holders of common stock and American depositary shares registered as of the close of business on June 11, 2026, Hong Kong time and New York time, amounting to $0.13125 per share of common stock or $1.05 per American depositary share, payable in U.S. dollars. The total dividend amount is approximately $2.5 billion

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