Below are the financial statements of Alibaba Group Holding, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of CNY | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 996.35a | 941.17a | 868.69a |
| Cost of revenue | -598.29a | -586.32a | -549.7a |
| Product development expenses | -57.15a | -52.26a | -56.74a |
| Sales and marketing expenses | -144.02a | -115.14a | -103.5a |
| General and administrative expenses | -44.24a | -41.99a | -42.18a |
| Amortization and impairment of intangible assets | -6.34a | -21.59a | -13.5a |
| Impairment of goodwill | -6.17a | -10.52a | -2.71a |
| Other gains, net | 0.76a | 0a | 0a |
| Income from operations | 140.91a | 113.35a | 100.35a |
| Interest and investment income, net | 20.76a | -9.96a | -11.07a |
| Interest expense | -9.6a | -7.95a | -5.92a |
| Other income, net | 3.39a | 6.16a | 5.82a |
| Income before income tax and share of results of equity method investees | 155.46a | 101.6a | 89.19a |
| Income tax expenses | -35.45a | -22.53a | -15.55a |
| Share of results of equity method investees | 5.97a | -7.74a | -8.06a |
| Net income | 125.98a | 71.33a | 65.57a |
| Net loss attributable to noncontrolling interests | 4.13a | 8.68a | 7.21a |
| Net income attributable to Alibaba Group Holding Limited | 130.11a | 80.01a | 72.78a |
| Accretion of mezzanine equity | -0.64a | -0.27a | -0.27a |
| Net income attributable to ordinary shareholders | 129.47a | 79.74a | 72.51a |
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