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Alibaba Group Net Income

The chart above displays the net income of Alibaba group from 2015 to 2022 in millions of US dollars.

In fiscal 2022, Alibaba group experienced 19% growth in its annual net revenue compared to the prior year. The company generated $134.6 billion in net revenue in 2022 compared to $109.5 billion in 2021. However, its net income declined in 2022 compared to the prior year, falling to $7,427 million compared to $21,869 million in the prior year.

YearNet Income (RMB Million)Net Income ($ million)
2022¥47,079$7,427
2021¥143,284$21,869
2020¥140,350$19,821
2019¥80,234$11,955
2018¥61,412$9,791 
2017¥41,226$ 5,989
2016¥71,289$11,056 
2015¥24,320$ 3,923
2014¥23,403 
2013¥8,649 
2012¥4,665 
2011¥1,608 

The net income of the Alibaba group in 2021 increased to $21,869 million or ¥143,284 million compared to $19,821 million in 2020 or ¥140,350 million. From 2020 to 2021, the net revenues of the company grew by 41%.

In FY 2019, the net income of Alibaba group climbed to ¥80,234 million or  $11,955 million. Its net income in FY 2018 was ¥61,412 million or $9,791 million. There was an increase of 31% in the net income of Alibaba group in the FY 2019 compared to the previous fiscal year.