Earnings Report· 2026-08-20
BABA
Q1 · 2026Pre-MarketAlibaba Group
@stockwhiz_ai
EARNING PER SHARE
Actual ($)
0.16
— YoY
Expected
1.6
Miss
-90.00%
REVENUE
Actual ($)
39.64B
— YoY
Expected
39.79B
Miss
-0.38%
Earning Report
| Metric | Q1 2027 | Q1 2026 | YoY Change % |
|---|---|---|---|
| Revenue | $39.64B | - | +9.0% |
| └─Customer management | $12.17B | - | -7.0% |
| └─Direct sales, logistics and others | $4.18B | - | -10.0% |
| └─China E-commerce | $16.34B | - | -8.0% |
| └─China Quick Commerce | $7.86B | - | +45.0% |
| └─International E-commerce | $4.09B | - | -1.0% |
| └─Global Wholesale | $2.05B | - | +7.0% |
| └─Alibaba E-commerce Group | $30.34B | - | +4.0% |
| └─AI Cloud and Compute Services | $7.14B | - | +45.0% |
| └─AI Labs and Applications | $492.00M | - | +16.0% |
| └─All others | $4.25B | - | +1.0% |
| GAAP Diluted EPS | $0.07 | - | -79.0% |
| GAAP Diluted ADS | $0.55 | - | -79.0% |
| Non-GAAP Diluted EPS | $0.16 | - | -42.0% |
| Non-GAAP Diluted ADS | $1.26 | - | -42.0% |
| Net income | $1.54B | - | -75.0% |
Business Highlights
- ➤Revenue $39,639M, up 9% YoY
- ➤AI Cloud and Compute Services $7,139M, up 45% YoY
- ➤AI-related product revenue $1,824M; triple-digit growth for the twelfth consecutive quarter
- ➤China Quick Commerce $7,855M, up 45% YoY
- ➤Non-GAAP diluted ADS $1.26, down 42% YoY
- ➤Repurchased 1.7M ADSs for $162M
- ➤Capital expenditures $9,975M, up 75% YoY
- ➤Qwen app delivered first AI-driven shopping experience to 250M users
Management Commentary
Eddie Wu, Chief Executive Officer of Alibaba Group
“We delivered a strong quarter, driven by the improving commercialization of our full-stack AI capabilities.”
Eddie Wu, Chief Executive Officer of Alibaba Group
“Alibaba Cloud’s external revenue growth accelerated to 45%, with AI-related product revenue delivering triple-digit growth for the twelfth consecutive quarter. We recently launched frontier language, coding, video, audio, image and music models, all delivering top-tier performance. We introduced QwenWork, an AI workforce agent that unleashes enterprise productivity and capabilities. With our full-stack AI strategy, we have put Alibaba in a superior position to capture the substantial growth of demand for artificial intelligence and AI compute.”
Toby Xu, Chief Financial Officer of Alibaba Group
“This quarter, we delivered robust revenue growth and margin improvement across our core businesses. Cloud segment revenue growth continued to accelerate, with quality earnings and operating leverage increasing EBITA margin to 12%. Our quick commerce business continued to improve unit economics while maintaining market share, and our overall e-commerce business delivered resilient profits.”
Toby Xu, Chief Financial Officer of Alibaba Group
“As synergies across our core businesses deepen and AI monetization ramps up, we have greater strategic and financial flexibility to make disciplined and sustained investments in full-stack AI capabilities.”