Alibaba-W's revenue and net profit both grew in the fiscal year 2025, with net profit attributable to shareholders increasing by 62% year-on-year to 129.47 billion yuan, providing substantial returns to shareholders

According to the Zhitong Finance APP, Alibaba-W (09988) announced its quarterly results for the period ending March 31, 2025, with revenue of RMB 236.454 billion (USD 32.584 billion), a year-on-year increase of 7%. Operating profit was RMB 28.465 billion (USD 3.923 billion), a year-on-year increase of 93%. Net profit attributable to ordinary shareholders was RMB 12.382 billion (USD 1.706 billion), a year-on-year increase of 279%. Net profit was RMB 11.973 billion (USD 1.650 billion), a year-on-year increase of 1203%. Non-GAAP net profit was RMB 29.847 billion (USD 4.113 billion), a year-on-year increase of 22%. Diluted earnings per American Depositary Share were RMB 5.17.

For the financial year ending March 31, 2025, revenue was RMB 996.347 billion (USD 137.300 billion), a year-on-year increase of 6%. Operating profit was RMB 140.905 billion (USD 19.417 billion), a year-on-year increase of 24%. Net profit attributable to ordinary shareholders was RMB 129.470 billion (USD 17.841 billion), a year-on-year increase of 62%. Net profit was RMB 125.976 billion (USD 17.360 billion), a year-on-year increase of 77%. Non-GAAP net profit was RMB 158.122 billion (USD 21.790 billion), remaining stable year-on-year.

Among them, Taotian Group's customer management revenue grew significantly, increasing by 6% to RMB 322.346 billion in FY 2025, with a 12% increase in the fourth quarter to RMB 71.077 billion, mainly due to an increase in the take rate and growth in online GMV. In FY 2025, revenue from Chinese retail businesses grew by 3%, customer management revenue grew by 6%, while direct sales and other revenues declined slightly, offset by growth in value-added service revenues; revenue from Chinese wholesale businesses grew by 19%, mainly due to growth in value-added service revenues provided to paid members. Additionally, the number of 88VIP members continued to grow at a double-digit rate year-on-year, exceeding 50 million, further enhancing user stickiness and purchasing power. On the merchant side, the platform increased support and improved the operating environment to assist merchants in sustainable development.

Alibaba International Digital Commerce Group (AIDC) saw total revenue grow by 29% to RMB 132.3 billion in FY 2025, with a 22% increase in the fourth quarter to RMB 33.579 billion, driven by strong performance in cross-border business. Revenue from international retail business grew by 33%, with significant revenue growth from AliExpress and Trendyol; revenue from international wholesale business grew by 14%, mainly due to growth in value-added service revenues related to cross-border business. At the same time, AIDC focused on improving operational and investment efficiency, with unit economic benefits of the AliExpress Choice business improving quarter-on-quarter, and segment losses narrowing year-on-year Cloud Intelligence Group's total revenue for fiscal year 2025 increased by 11%, with a growth of 18% in the fourth quarter. Overall revenue (excluding income from Alibaba's consolidated subsidiaries) grew by 10% year-on-year, primarily driven by faster growth in public cloud business revenue, which includes an increase in the adoption of AI-related products.

The announcement stated that the growth in net profit was mainly due to changes in the market value of equity investments held by the company and an increase in operating profit, partially offset by losses from disposed subsidiaries.

Alibaba Group's CEO Eddie Wu stated, "The performance this quarter and for the entire fiscal year demonstrates that our 'user-first, AI-driven' strategy continues to yield results, with core business growth accelerating. Driven by strong demand for AI, Cloud Intelligence Group's quarterly revenue growth accelerated to 18%, with AI-related product revenue achieving triple-digit growth for seven consecutive quarters. This quarter, Taotian Group's customer management revenue grew by 12% year-on-year, reflecting the effectiveness of our investments in user experience and commercialization initiatives. Looking ahead, we will remain focused on our core business and drive AI + Cloud to become a new growth engine for our long-term development."

Alibaba Group's CFO Xu Hong said, "This quarter's performance showed strong growth, with the group's overall revenue increasing by 7% year-on-year and overall EBITA increasing by 36% year-on-year. We are confident in the business outlook and will firmly increase investment in core businesses to strengthen our competitive advantages. We continue to fulfill our commitment to enhancing shareholder returns, having repurchased $11.9 billion in shares in fiscal year 2025, resulting in a net reduction of 5.1% in outstanding shares. The board has also approved the distribution of a total of $4.6 billion in annual and special dividends."