Alibaba Group Holding (BABA) revenue breakdown
By segment, Alibaba China E-commerce Group is the largest at 50% of fiscal 2026 revenue; Alibaba International Digital Commerce Group grew fastest, 27% a year over 6 years.
By product, Customer management services is the largest at 45% of fiscal 2026 revenue; Sales of goods grew fastest, 57% a year over 9 years.
Revenue by segment
Fiscal years, as Alibaba Group Holding reports them in its 10-K filings; fiscal 2026 total $1.11T.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Alibaba China E-commerce Group | — | — | — | — | — | — | — | $490.1B | $508.4B | $554.2B | 50% |
| All others | — | — | — | — | — | $189.5B | $197.1B | $317.5B | $338.3B | $254.4B | 23% |
| Cloud intelligence group | — | — | — | — | — | $102.0B | $103.5B | $106.4B | $118.0B | $158.1B | 14% |
| Alibaba International Digital Commerce Group | — | — | — | $33.9B | $48.9B | $62.2B | $70.5B | $102.6B | $132.3B | $144.2B | 13% |
| China commerce | — | — | — | $352.0B | $501.4B | — | — | — | — | — | — |
| Taobao and Tmall Group | — | — | — | — | — | $429.9B | $413.2B | — | — | — | — |
| Core commerce | $133.9B | $214.0B | $323.4B | — | — | — | — | — | — | — | — |
| Cainiao Smart Logistics Network Limited | $6.7B | $13.4B | $24.7B | $40.3B | $60.6B | $66.8B | $77.5B | — | — | — | — |
| Local Services Group | — | — | — | $29.7B | $35.7B | $44.9B | $50.2B | — | — | — | — |
| Cainiao | — | — | — | $22.2B | $37.3B | — | — | — | — | — | — |
| Hujing Digital Media and Entertainment Group | $14.7B | $19.6B | $24.3B | $29.1B | $31.2B | $18.1B | $18.4B | — | — | — | — |
| Innovation initiatives and others | $3.0B | $3.3B | $4.5B | $2.5B | $2.3B | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Alibaba Group Holding reports them in its 10-K filings; fiscal 2026 total $1.02T.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Customer management services | — | — | $246.7B | $297.6B | $363.4B | $380.0B | $355.1B | $386.6B | $424.9B | $459.9B | 45% |
| Sales of goods | $3.9B | $18.7B | $46.9B | $95.5B | $180.6B | $255.2B | $271.0B | $283.3B | $274.3B | $227.7B | 22% |
| Logistics services | — | $6.8B | $23.4B | $33.9B | $55.7B | $71.3B | $89.2B | $114.1B | $123.4B | $139.9B | 14% |
| Cloud services | $6.7B | $13.4B | $24.7B | $40.0B | $60.1B | $74.1B | $76.6B | $76.5B | $84.5B | $112.1B | 11% |
| Membership fees and value added services | $10.6B | $13.8B | $19.1B | $22.8B | $29.4B | $35.7B | $40.1B | $42.0B | $46.6B | $47.6B | 5% |
| Other revenue | $9.9B | $16.3B | $16.0B | $19.8B | $28.1B | $36.8B | $36.6B | $38.8B | $42.7B | $36.4B | 4% |
| P4P, in-feed and display marketing | $83.6B | $119.8B | — | — | — | — | — | — | — | — | — |
| Commission | $37.8B | $52.4B | — | — | — | — | — | — | — | — | — |
| Other customer management services | $5.7B | $9.1B | — | — | — | — | — | — | — | — | — |
Questions
Where does Alibaba Group Holding make its money?
In fiscal 2026, by segment: Alibaba China E-commerce Group $554.2B, All others $254.4B, Cloud intelligence group $158.1B, Alibaba International Digital Commerce Group $144.2B.
From Alibaba Group Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.