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Segment information (Tables)
12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of segment reporting

The following table presents the information by segment for the years ended March 31, 2023, 2024 and 2025:

 

 

Year ended March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

(in millions)

 

Taobao and Tmall Group

 

 

 

 

 

 

 

 

 

   Revenue

 

 

413,206

 

 

 

434,893

 

 

 

449,827

 

   Costs and expenses (i)

 

 

(224,066

)

 

 

(240,066

)

 

 

(253,595

)

   Adjusted EBITA (ii)

 

 

189,140

 

 

 

194,827

 

 

 

196,232

 

 

 

 

 

 

 

 

 

 

 

Alibaba International Digital Commerce Group

 

 

 

 

 

 

 

 

 

   Revenue

 

 

70,506

 

 

 

102,598

 

 

 

132,300

 

   Costs and expenses (i)

 

 

(75,450

)

 

 

(110,633

)

 

 

(147,437

)

   Adjusted EBITA (ii)

 

 

(4,944

)

 

 

(8,035

)

 

 

(15,137

)

 

 

 

 

 

 

 

 

 

 

Cloud Intelligence Group

 

 

 

 

 

 

 

 

 

   Revenue

 

 

103,497

 

 

 

106,374

 

 

 

118,028

 

   Costs and expenses (i)

 

 

(99,396

)

 

 

(100,253

)

 

 

(107,472

)

   Adjusted EBITA (ii)

 

 

4,101

 

 

 

6,121

 

 

 

10,556

 

 

 

 

 

 

 

 

 

 

 

Cainiao Smart Logistics Network Limited

 

 

 

 

 

 

 

 

 

   Revenue

 

 

77,512

 

 

 

99,020

 

 

 

101,272

 

   Costs and expenses (i)

 

 

(77,903

)

 

 

(97,618

)

 

 

(100,970

)

   Adjusted EBITA (ii)

 

 

(391

)

 

 

1,402

 

 

 

302

 

 

 

 

 

 

 

 

 

 

 

Local Services Group

 

 

 

 

 

 

 

 

 

   Revenue

 

 

50,249

 

 

 

59,802

 

 

 

67,076

 

   Costs and expenses (i)

 

 

(63,397

)

 

 

(69,614

)

 

 

(70,765

)

   Adjusted EBITA (ii)

 

 

(13,148

)

 

 

(9,812

)

 

 

(3,689

)

 

 

 

 

 

 

 

 

 

 

Hujing Digital Media and Entertainment Group

 

 

 

 

 

 

 

 

 

   Revenue

 

 

18,444

 

 

 

21,145

 

 

 

22,267

 

   Costs and expenses (i)

 

 

(21,233

)

 

 

(22,684

)

 

 

(22,821

)

   Adjusted EBITA (ii)

 

 

(2,789

)

 

 

(1,539

)

 

 

(554

)

 

 

 

 

 

 

 

 

 

 

All others

 

 

 

 

 

 

 

 

 

   Revenue

 

 

197,115

 

 

 

192,331

 

 

 

206,269

 

   Costs and expenses (i)

 

 

(206,503

)

 

 

(201,491

)

 

 

(214,805

)

   Adjusted EBITA (ii)

 

 

(9,388

)

 

 

(9,160

)

 

 

(8,536

)

Schedule of reconciliation from the adjusted EBITA to the consolidated net income

The following table presents the reconciliation from the total segments Adjusted EBITA to the consolidated net income for the years ended March 31, 2023, 2024 and 2025:

 

 

Year ended March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

(in millions)

 

Total segments Adjusted EBITA

 

 

162,581

 

 

 

173,804

 

 

 

179,174

 

Unallocated (iii)

 

 

(12,143

)

 

 

(6,190

)

 

 

(4,337

)

Inter-segment elimination

 

 

(2,527

)

 

 

(2,586

)

 

 

(1,772

)

Non-cash share-based compensation expense

 

 

(30,831

)

 

 

(18,546

)

 

 

(13,970

)

Amortization and impairment of intangible assets

 

 

(13,504

)

 

 

(21,592

)

 

 

(6,336

)

Impairment of goodwill, and others

 

 

(3,225

)

 

 

(11,540

)

 

 

(11,854

)

Consolidated income from operations

 

 

100,351

 

 

 

113,350

 

 

 

140,905

 

Interest and investment income, net

 

 

(11,071

)

 

 

(9,964

)

 

 

20,759

 

Interest expense

 

 

(5,918

)

 

 

(7,947

)

 

 

(9,596

)

Other income, net

 

 

5,823

 

 

 

6,157

 

 

 

3,387

 

Income tax expenses

 

 

(15,549

)

 

 

(22,529

)

 

 

(35,445

)

Share of results of equity method investees

 

 

(8,063

)

 

 

(7,735

)

 

 

5,966

 

Consolidated net income

 

 

65,573

 

 

 

71,332

 

 

 

125,976

 

 

Schedule of depreciation and impairment of property and equipment and land use rights by segment

The following table presents the depreciation and impairment of property and equipment, and operating lease cost relating to land use rights by segment for the years ended March 31, 2023, 2024 and 2025:

 

 

Year ended March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

(in millions)

 

Taobao and Tmall Group

 

 

345

 

 

 

464

 

 

 

102

 

Alibaba International Digital Commerce Group

 

 

712

 

 

 

961

 

 

 

1,137

 

Cloud Intelligence Group

 

 

16,589

 

 

 

14,335

 

 

 

15,911

 

Cainiao Smart Logistics Network Limited

 

 

909

 

 

 

1,254

 

 

 

1,465

 

Local Services Group

 

 

106

 

 

 

113

 

 

 

99

 

Hujing Digital Media and Entertainment Group

 

 

55

 

 

 

45

 

 

 

92

 

All others

 

 

7,104

 

 

 

7,278

 

 

 

6,215

 

Total segments depreciation and impairment of property and
   equipment, and operating lease cost relating to land use rights

 

 

25,820

 

 

 

24,450

 

 

 

25,021

 

 

(i)
Segment costs and expenses primarily comprise components that are included in cost of revenue, product development expenses, sales and marketing expenses, as well as general and administrative expenses.
(ii)
Adjusted EBITA represents net income before interest and investment income, net, interest expense, other income, net, income tax expenses, share of results of equity method investees, certain non-cash expenses, consisting of share-based compensation expense, amortization and impairment of intangible assets, impairment of goodwill, and others, which the Company does not believe are reflective of the Company's core operating performance during the periods presented.
(iii)
Unallocated primarily relates to certain costs incurred by corporate functions and other miscellaneous items that are not allocated to individual segments.