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E2 Alibaba Alibaba Group Announces June Quarter 2026 Results Hong Kong , China , August 20 , 2026 - Alibaba Group Holding Limited ( NYSE : BABA and HKEX : 9988 ( HKD Counter ) and 89988 ( RMB Counter ) , " Alibaba ” or “ Alibaba Group " ) today announced its financial results for the quarter ended June 30 , 2026 . “ We delivered a strong quarter , driven by the improving commercialization of our full - stack AI capabilities , ” said 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 . " “ 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 , ” said 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 . " BUSINESS HIGHLIGHTS In the quarter ended June 30 , 2026 : • Revenue was RMB268,953 million ( US $ 39,639 million ) , an increase of 9 % year - over - year . Customer management revenue decreased by 7 % year - over - year . Excluding the contra revenue impact from the new business development program , customer management revenue on a like- for - like basis would have grown by 1 % year - over - year . Income from operations was RMB15,161 million ( US $ 2,234 million ) , a decrease of 57 % year- over - year , primarily due to the decrease in adjusted EBITA , impairment of goodwill and a provision ( ¹ ) recorded this year . Adjusted EBITA , a non - GAAP measurement , decreased 30 % year - over - year to RMB27,329 million ( US $ 4,028 million ) , primarily attributable to the investment in technology , partly offset by the improved operating results in our Cloud business , as well as enhanced operating efficiencies across various businesses . Net income attributable to ordinary shareholders was RMB10,537 million ( US $ 1,553 million ) . Net income was RMB10,444 million ( US $ 1,539 million ) , a decrease of 75 % year - over- year , primarily attributable to the decrease in income from operations , decrease in net gains from disposal of investments , and the decrease in net gain from mark - to - market changes of our equity investments . Non - GAAP net income in the quarter ended June 30 , 2026 was RMB20,715 million ( US $ 3,053 million ) , a decrease of 38 % compared to RMB33,510 million in the same 1