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Sentiment · FY2027 Q1
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alex Yao | JPMorgan | 7 (29%) |
| Gary Yu | Morgan Stanley | 7 (0%) |
| Alicia Yap | Citigroup | 6 (0%) |
| Kenneth Fong | UBS | 6 (17%) |
| Ron Keung | Goldman Sachs | 5 (0%) |
| Joyce Ju | Bank of America | 4 (0%) |
| Jialong Shi | Nomura | 4 (25%) |
| Yuan Liao | Citic Securities | 4 (0%) |
| Tom Chong | Jefferies | 3 (0%) |
| Ellie Jiang | Macquarie | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 | 7 (0%) |
| JPMorgan | 1 | 7 (29%) |
| UBS | 1 | 6 (17%) |
| Citigroup | 1 |
| Goldman Sachs | 1 | 5 (0%) |
| Citic Securities | 1 | 4 (0%) |
| Nomura | 1 | 4 (25%) |
| Bank of America | 1 | 4 (0%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2025 Q2 | $236.50B | +5.2% | $18.16 | +55.5% | 14.9% | 18.6% | $13.86B |
| FY2025 Q3 | $280.15B | +7.6% | $20.40 | +259.2% | 14.7% | 17.5% | $69.58B |
| FY2025 Q4 | $236.45B | +6.6% | $5.20 | +306.3% | 12.0% | 5.3% | $-27.82B |
| FY2026 Q1 | $247.65B | +1.8% | $18.00 | +81.5% | 14.1% | 16.4% | $-17.72B |
| FY2026 Q2 | $247.79B | +4.8% | $8.72 | -52.0% | 2.2% | 8.5% | $-21.40B |
| FY2026 Q3 | $284.84B | +1.7% | $6.64 | -67.5% | 7.1% | 5.8% | $6.76B |
| FY2026 Q4 | $243.38B | +2.9% | $10.40 | +100.0% | -0.3% | 10.5% | $-18.10B |
| FY2027 Q1 | $268.19B | +8.3% | $3.68 | -79.6% | 7.2% | 3.9% | $-44.73B |
| Year | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2025 | $996.35B | — | $53.68 | — | 14.1% | 13.1% | $77.24B |
| FY2026 | $1023.67B | +2.7% | $43.76 | -18.5% | 5.8% | 10.1% | $-50.46B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Alibaba closed fiscal 2026 with reported group revenue of RMB 243.4 billion, held to low single-digit GAAP growth by the divestitures of Sun Art and Intime; excluding those units, management said revenue grew 11% year-over-year. The quarter's defining theme was aggressive AI-and-cloud reinvestment: Cloud Intelligence Group's external revenue growth accelerated to 40% with AI-related product revenue posting triple-digit growth for the 11th consecutive quarter, while total adjusted EBITA fell 84% as spending surged into cloud infrastructure, quick commerce and user experience. GAAP net income rose 96% to RMB 23.5 billion, but that increase was driven mainly by mark-to-market gains on equity investments rather than operations, and free cash flow swung to an outflow of RMB 17.3 billion. Management framed the outlay as building AI 'training' and 'inferencing' factories, guiding model-and-application services ARR to surpass RMB 10 billion in the June quarter and RMB 30 billion by year-end and signaling cloud growth should accelerate further. The result is a company deliberately sacrificing near-term margins for a compute-and-consumption expansion it argues is now translating into tangible results.
Cloud & AI | Competitive Dynamics | Capex Investment | Margin | Demand | Revenue Growth | Capital Allocation | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 2 | 2 | 3 | 2 | 2 | 2 | 1 | 4 |
| 2025Q3 | 4 | 2 | 2 | 3 | 1 | 2 | 2 | |
| 2025Q4 | 2 | 3 | 1 | 2 | 3 | 2 | 2 | |
| 2026Q1 | 2 | 2 | 2 | 2 | 1 | 2 | 1 | |
| 2026Q2 | 3 | 1 | 2 | 1 | 2 | 1 | 2 | |
| 2026Q3 | 3 | 2 | 1 | 2 | 1 | 2 | ||
| 2026Q4 | 6 | 4 | 2 | 2 | 1 | 1 | 2 | 1 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | |
|---|---|---|---|---|---|---|---|
| Cloud & AI | 2 | 4 | 2 | 2 | 3 | 3 | 6 |
| Competitive Dynamics | 2 | 2 | 3 | 2 | 1 | 2 | 4 |
| Capex Investment | 3 | 2 | 1 | 2 | 2 | 1 | 2 |
| Margin | 2 | 3 | 2 | 1 | 2 | 2 | |
| Demand | 2 | 1 | 3 | 2 | 2 | 1 | 1 |
| Revenue Growth | 2 | 2 | 2 | 1 | 1 | 2 | 1 |
| Capital Allocation | 1 | 2 | 2 | 2 | 2 | ||
| Pricing | 4 | 2 | 1 | 1 |
What BABA and other companies said about each other on FY2026 Q4 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“mainly due to the disposal of Sun Art and Intime businesses”
Alibaba disposed of the Intime department-store business, driving 'All others' segment revenue down 21%; the divestiture is excluded from Alibaba's 11% like-for-like revenue growth.
“mainly due to the disposal of Sun Art and Intime businesses”
Alibaba disposed of the Sun Art (RT-Mart) hypermarket business, driving 'All others' segment revenue down 21%; the divestiture is excluded from Alibaba's 11% like-for-like revenue growth.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
BABA Alibaba Group Holding Limited | 6 | +2.9% | |
| AMZN Amazon.com, Inc. | 9 | +16.6% | |
| AZO AutoZone | 6 | +8.2% | |
| BBY Best Buy | 5 | -1.0% | |
| CASY Casey's General Stores, Inc. | 8 | +0.3% | |
| EBAY eBay | 8 | +19.5% | |
| GME GameStop Corp. | 4 | -13.9% | |
| GPC Genuine Parts Company | 6 | +6.8% | |
| MELI MercadoLibre | 7 | +49.0% | |
| ORLY O'Reilly Automotive | 8 | +10.2% | |
| PDD PDD Holdings | 6 | +10.4% | |
| TSCO Tractor Supply | 5 | +3.6% | |
| ULTA Ulta Beauty | 7 | +11.8% | |
| WSM Williams-Sonoma | 5 | -4.3% |