2026年9月10日

Alibaba Q2 2025 Earnings Snapshot

Financials Revenue: RMB 247.8B (Estimate: RMB 245.2B)Adjusted EPS per ADS: RMB 4.36 (Estimate: RMB 6...

Financials

  • Revenue: RMB 247.8B (Estimate: RMB 245.2B)
  • Adjusted EPS per ADS: RMB 4.36 (Estimate: RMB 6.34)
  • China e-commerce revenue: RMB 132.58B
  • Adjusted net profit: RMB 10.35B (Estimate: RMB 16.8B)

Business Highlights

  • Strong AI + Cloud growth:
    • Cloud Intelligence Group revenue RMB 39.82B, +34% YoY (Estimate: RMB 37.99B)
    • China AI cloud market share 35.8%, exceeding 2nd–4th combined
  • Core business revenue remains strong; customer management revenue +10% YoY
  • CapEx: ~RMB 120B in AI + cloud infrastructure over past 4 quarters

Management Commentary

  • Profit and free cash flow invested into strategic future growth
  • Short-term profitability may fluctuate

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