Earnings ·
Alibaba Group Holding Limited reported financial results for the quarter ended June 30, 2026
BBAAYAlibaba Group Holding Ltd
Alibaba Group Holding Limited reported financial results for the quarter ended June 30, 2026. Consolidated revenue increased 9% year-over-year to RMB268,953 million (US$39,639 million). Net income attributable to ordinary shareholders decreased 76% to RMB10,537 million (US$1,553 million), driven by a 57% drop in operating income due to goodwill impairment and a EUR550 million provision for an EU Digital Services Act fine. Non-GAAP net income fell 38% to RMB20,715 million. The company reorganized its segments into Alibaba E-commerce Group, AI Cloud and Compute Services, and AI Labs and Applications. Capital expenditures surged 75% to RMB67,678 million (US$9,975 million) for AI infrastructure. Alibaba operates in the technology industry, providing e-commerce platforms, cloud computing services, and artificial intelligence solutions.