BABA·NYSE·USD
Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.
Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.
The first price observation reaches the verified listing date. This does not mean that security continuity, every trading day and adjusted prices have all been verified throughout the history.
The first price reaches the verified listing date 2014-09-19. Trading-date coverage and price verification are shown separately below.
Trading dates checked for 2014-09-19 — 2026-10-23: all 3,042 expected dates are present. Complete dates do not establish independent verification of every price.
Security basis: The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.
verified-listing-start-covered
History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z
Coverage is limited to NYSE-listed BABA ADSs; Hong Kong-listed ordinary shares cannot be substituted. The current ADS-to-ordinary-share ratio does not establish the ratio for every historical period.
Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.
2013-03-31 — 2026-03-31 · Valid observations: 74. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.
Time rangeBABA Share price
Each panel has its own value axis; dates and the cursor are synchronized. Dense daily plots retain the first, last, highest and lowest observations in each pixel interval. The cursor, data table, CSV and statistics still use all original values. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Annual observations retain annual frequency; guidance and scenarios are labeled separately. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.
| Reporting period end | Operating margin% · Calculated from disclosures | Net margin% · Calculated from disclosures |
|---|---|---|
| 2026-03-312026-03-31 | 4.90%Basis · Calculated from disclosuresSource version date: 2026-05-20 View calculation inputs · 4 items
| 10.12%Basis · Calculated from disclosuresSource version date: 2026-05-20 View calculation inputs · 4 items
|
| 2025-03-312025-03-31 | 14.14%Basis · Calculated from disclosuresSource version date: 2026-05-20 View calculation inputs · 4 items
| 13.06%Basis · Calculated from disclosuresSource version date: 2026-05-20 View calculation inputs · 4 items
|
| 2024-03-312024-03-31 | 12.04%Basis · Calculated from disclosuresSource version date: 2026-05-20 View calculation inputs · 4 items
| 8.50%Basis · Calculated from disclosuresSource version date: 2026-05-20 View calculation inputs · 4 items
|
| 2023-03-312023-03-31 | 11.55%Basis · Calculated from disclosuresSource version date: 2025-06-26 View calculation inputs · 4 items
| 8.38%Basis · Calculated from disclosuresSource version date: 2025-06-26 View calculation inputs · 4 items
|
| 2022-03-312022-03-31 | 8.16%Basis · Calculated from disclosuresSource version date: 2024-05-23 View calculation inputs · 4 items
| 7.30%Basis · Calculated from disclosuresSource version date: 2024-05-23 View calculation inputs · 4 items
|
Operating income / revenue × 100
Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
Selected net-income concept / revenue × 100
May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
How the business turns into revenue and cash, and what the available evidence can establish.
Alibaba Group Holding Ltd. The quote provider classifies its industry as Business Services. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.
Candlesticks, volume and cross-company prices
Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-03-31
Quote currency: USD; financial reporting currency: CNY. Cross-currency valuation is not calculated without a verified applicable exchange rate and security/ADR basis.
Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。
Select two specific periods to compare changes in scale, earnings and cash.
| Line item | Current period | Comparison period | Amount change | Growth |
|---|---|---|---|---|
| RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive | 1.02 T | 996.35 B | +27.32 B | +2.74% |
| Operating incomeOperating margin 4.90% · Change -9.24 percentage points | 50.15 B | 140.91 B | -90.76 B | -64.41% |
| Net incomeNet margin 10.12% · Change -2.94 percentage points | 103.59 B | 130.11 B | -26.52 B | -20.38% |
| Operating cash flowOperating cash flow / revenue 7.45% · Change -8.97 percentage points | 76.21 B | 163.51 B | -87.30 B | -53.39% |
The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.
Time rangeRevenue
Series with the same unit and frequency share a value axis. Annual observations retain annual frequency; guidance and scenarios are labeled separately. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.
Scroll to see all periods; select a value to open its source →
| Reporting period end · CNY | 2013-03-31 | 2014-03-31 | 2015-03-31 | 2016-03-31 | 2017-03-31 | 2018-03-31 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34.52 B | 52.50 B | 76.20 B | 101.14 B | 158.27 B | 250.27 B | 376.84 B | 509.71 B | 717.29 B | 853.06 B | 868.69 B | 941.17 B | 996.35 B | 1.02 T |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | 10.75 B | 24.92 B | 23.14 B | 29.10 B | 48.06 B | 69.31 B | 57.08 B | 91.43 B | 89.68 B | 69.64 B | 100.35 B | 113.35 B | 140.91 B | 50.15 B |
| Net income | 8.53 B | 23.32 B | 24.26 B | 71.46 B | 43.68 B | 64.09 B | 87.89 B | 149.43 B | 150.58 B | 62.25 B | 72.78 B | 80.01 B | 130.11 B | 103.59 B |
| Operating cash flow | — | — | — | 56.84 B | 82.85 B | 125.81 B | 150.98 B | 180.61 B | 231.79 B | 142.76 B | 199.75 B | 182.59 B | 163.51 B | 76.21 B |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.
View filing sourceCompleted events, conditional arrangements and the document versions used are listed separately.
Model/agent supply · Alibaba launched Qwen Intelligence (full-stack agentic solution for smartphone OEMs) at the 2026 Apsara Conference · HONOR is the first adopting partner and is co-developing domain-specific models and solutions · first devices: HONOR Magic9 Series (launching Sept 28) and HONOR Robot Phone · commercial terms and value not disclosed [9]
Equity investment · Moonshot AI (Kimi models) · ~36% stake · ~US$800m invested (per Alibaba fiscal 2024 filings) [1]
Equity investment · CXMT (DRAM) · nearly 5% pre-IPO stake, largest industrial shareholder per prospectus · ~RMB 7.6bn invested since 2021 · IPO 2026-07-27 [2]
Equity investment · Zhipu AI (Z.ai overseas, GLM models) · backed during the 2023-24 wave of model-startup investments · stake and amount undisclosed [4]
Model supply · Qwen powers Apple Intelligence in China (text and image understanding and generation across iOS/iPadOS/macOS/visionOS) · CAC approval 2026-07-15 · terms undisclosed [5]
Custom wholesale data center leases · 10-year build-to-suit · FY2025 revenue from the (unnamed) 'large internet company and its controlled entities' = 98.30% of AtHub core revenue; Customer One = 66.12% [8]
AI chip supply · Shaoguan 10,000-card cluster · 10,000 in-house Zhenwu chips · owned and operated by China Telecom, could expand to 100,000 chips · value undisclosed [6]
Cornerstone investment · MiniMax HKEX IPO (listed 2026-01-09, ~HK$5.54bn raised, HK$165 offer price) · one of 14 cornerstone investors · subscription size undisclosed [3]
AI chip supply · China Unicom Sanjiangyuan data center · 1,024 servers / 16,384 T-Head PPU cards (~1,945 PFLOPS) · largest single order at the facility · value undisclosed [7]
This page cites periods ending through 2026-03-31. The same document includes multiple comparison periods.
This page cites periods ending through 2023-03-31.
This page cites periods ending through 2022-03-31.
This page cites periods ending through 2021-03-31.
This page cites periods ending through 2020-03-31.
This page cites periods ending through 2019-03-31.
Showing the latest 6 recorded source versions. Find the remaining 6 in Source values in the full financial table.
Trace supply and demand through contract performance, operating metrics and cash attribution.
Capital sources: no records under the current criteria; this does not establish that a business relationship is absent.
Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.
| Economic direction / relationship type | Status / record date | Recorded amount | Capacity basis | Evidence source |
|---|---|---|---|---|
| Signed / existing2026-09-22 | No attributable amount providedAmount classification not yet structured | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-07-28 | USD 0.8 billionEquity subscription amount | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-07-28 | Cumulative investment of approximately RMB7.6bn since 2021Equity subscription amount | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-07-28 | No attributable amount providedEquity subscription amount | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-07-15 | No attributable amount providedAmount classification not yet structured | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-04-17 | No attributable amount providedOrder amount | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-04-08 | No attributable amount providedAmount classification not yet structured | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-01-09 | MiniMax Hong Kong IPO: listed on 2026-01-09, approximately HK$5.54bn raised, offer price HK$165Equity subscription amount | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2025-09-17 | No attributable amount providedOrder amount | Not structured | B · Company / mediaCheck public source ↗ |
Downstream demand · Supply
Supply of models and agent solutions
Recorded as signed or existing; performance progress requires separate verification
No attributable amount is available for this record. This does not mean the amount is zero.
A period-by-period schedule of payments and revenue recognition has not been established. The recorded amount is not converted into current-period revenue, cash paid or stock-price impact.
Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.
Model/agent supply · Alibaba launched Qwen Intelligence (full-stack agentic solution for smartphone OEMs) at the 2026 Apsara Conference · HONOR is the first adopting partner and is co-developing domain-specific models and solutions · first devices: HONOR Magic9 Series (launching Sept 28) and HONOR Robot Phone · commercial terms and value not disclosed
Alizila (Alibaba Group official news site), 2026-09-22 [B]
The excerpts below come from this record. Verify signed status separately from actual completion.
The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.
Analytical framework, not a realized impact
BABA supplies products or services to HONOR; a customer list is not an irrevocable order.
Verify orders, performance, invoicing and collections; monitor changes in customer demand, product mix and selling prices.
Assess whether incremental revenue, costs and gross profit, accounts receivable and operating cash flows are consistent.
First verify the sustainability of earnings and cash flows, then compare valuations; do not infer share-price upside directly from a partnership announcement.
Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.
Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.
Can revenue growth translate into earnings attributable to shareholders?
Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Operating margin ↗2026-03-31 · Research calculation | 4.9% | Definition and boundariesOperating income / revenue × 100 Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Net margin ↗2026-03-31 · Research calculation | 10.12% | Definition and boundariesSelected net-income concept / revenue × 100 May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Operating cash flow / revenue ↗2026-03-31 · Research calculation | 7.45% | Definition and boundariesOperating cash flow / revenue × 100 Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
What verifiable information does this metric provide about this relationship?
Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Revenue growth YoY ↗2026-03-31 · Research calculation | 2.74% | Definition and boundaries(Current-period revenue / comparable prior-year revenue − 1) × 100 Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Operating cash flow / net income ↗2026-03-31 · Research calculation | 0.736 x | Definition and boundariesOperating cash flow / net income（Net income > 0） Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| (Net income − operating cash flow) / revenue ↗2026-03-31 · Research calculation | 2.67% | Definition and boundaries(Net income − operating cash flow) / revenue × 100 The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.
A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source
Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.
Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.
Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.
2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.
The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately.
verified-listing-start-covered
Coverage is limited to NYSE-listed BABA ADSs; Hong Kong-listed ordinary shares cannot be substituted. The current ADS-to-ordinary-share ratio does not establish the ratio for every historical period.
Reporting period 2026-03-31; filed 2026-05-20. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.
Based on value-chain records; original operating disclosures are still needed.
Citations: 9 · Documents: 9
SCMP 2026-07-28 (citing Alibaba fiscal 2024 filings) [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
SCMP 2026-07-28 (citing CXMT prospectus) [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
TechNode 2026-01-09 (citing allotment results) [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
SCMP 2026-07-28 (Alibaba AI portfolio) [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
TechCrunch 2026-07-16 (citing Alibaba statement) [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
w.media 2026-04-09 (citing Alibaba and China Telecom) [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
TrendForce 2025-09-17 (relaying CCTV / EE Times China) [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Shanghai AtHub (603881.SH) FY2025 annual report, filed 2026-04-17 [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Alizila (Alibaba Group official news site), 2026-09-22 [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
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The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureNo matching source records.
