Parent company only condensed financial information

12 Months Ended

Mar. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Parent company only condensed financial information

29.Parent company only condensed financial information

The Company performed a test on the restricted net assets of its consolidated subsidiaries and VIEs in accordance with Rule 4-08(e)(3) of Regulation S-X and concluded that it was applicable for the Company to disclose the financial information for the parent company ("Alibaba Group Holding Limited") only.

Condensed Balance Sheets

	As of March 31,
	2024			2025
	RMB			RMB
	(in millions)
Cash and cash equivalents		1,114			618
Amounts due from subsidiaries		49,096			15,170
Prepayments and other assets		527			245
Interest in subsidiaries and VIEs		1,180,705			1,365,004
Total assets		1,231,442			1,381,037
Current unsecured senior notes		16,252			—
Amounts due to subsidiaries		110,867			184,879
Accrued and other liabilities		2,862			5,131
Non-current bank borrowings		28,828			22,937
Non-current unsecured senior notes		86,089			122,398
Non-current convertible unsecured senior notes		—			35,834
Total liabilities		244,898			371,179
Ordinary shares		1			1
Additional paid-in capital		397,999			381,379
Treasury shares, at cost		(27,684	)		(36,329	)
Statutory reserves		14,733			15,936
Accumulated other comprehensive income		3,598			3,393
Retained earnings		597,897			645,478
Total shareholders’ equity		986,544			1,009,858
Total liabilities and equity		1,231,442			1,381,037

Condensed Statements of Comprehensive Income

	For the year ended March 31,
	2023			2024			2025
	RMB			RMB			RMB
	(in millions)
Total cost and expenses		(846	)		(327	)		(5,972	)
Income from subsidiaries and VIEs		84,000			86,057			142,604
Income from operations		83,154			85,730			136,632
Interest expense		(4,696	)		(5,415	)		(8,058	)
Other income and expenses		(5,949	)		(574	)		896
Net income		72,509			79,741			129,470
Other comprehensive income		23,379			14,340			498
Total comprehensive income		95,888			94,081			129,968

29.Parent company only condensed financial information (Continued)

Condensed Statements of Cash Flows

	Year ended March 31,
	2023			2024			2025
	RMB			RMB			RMB
	(in millions)
Net cash provided by operating activities		71,885			93,308			51,728
Cash flows from investing activities:
(Advances to and investments in) Repayments from subsidiaries and    VIEs, and others		(12,290	)		11,838			(54,809	)
Net cash (used in) provided by investing activities		(12,290	)		11,838			(54,809	)
Cash flows from financing activities:
Issuance of ordinary shares		11			843			10
Advances from subsidiaries		15,296			6,195			73,526
Repurchase of ordinary shares		(74,746	)		(88,745	)		(86,662	)
Dividend distribution		—			(17,946	)		(29,077	)
Repayment of unsecured senior notes		—			(5,013	)		(16,220	)
Repayment of bank borrowings		—			—			(6,067	)
Proceeds from unsecured senior notes, net of debt issuance cost		—			—			35,979
Proceeds from convertible unsecured senior notes, net of debt    issuance cost		—			—			35,665
Payments for capped call transactions		—			—			(4,612	)
Net cash (used in) provided by financing activities		(59,439	)		(104,666	)		2,542
Effect of exchange rate changes on cash and cash equivalents		33			58			43
Increase (Decrease) in cash and cash equivalents		189			538			(496	)
Cash and cash equivalents at the beginning of the year		387			576			1,114
Cash and cash equivalents at the end of the year		576			1,114			618

For the parent company only condensed financial information, the Company accounted for the investments in subsidiaries and VIEs under the equity method of accounting as prescribed in ASC 323. Such investments are presented on the Condensed Balance Sheets as “Investments in subsidiaries and VIEs” and the shares of profits or losses of the subsidiaries and VIEs are presented as “Income from subsidiaries and VIEs” on the Condensed Statements of Comprehensive Income.

During the years ended March 31, 2023, 2024 and 2025, dividends paid to the parent company by the subsidiaries amounted to RMB75,355 million, RMB98,174 million and RMB59,933 million, respectively.

The parent company did not have significant capital and other commitments, or guarantees as of March 31, 2024 and 2025, except for those disclosed in these consolidated financial statements.

Certain information and footnote disclosures generally included in financial statements prepared in accordance with US GAAP have been condensed and omitted in the parent company only condensed financial information. The parent company only condensed financial information is not the general-purpose financial statements of the reporting entity and should be read in conjunction with the consolidated financial statements of the Company.