Alibaba (BABA) Tops Q4 EPS by 43c, Offers Guidance

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Go back to Alibaba (BABA) Tops Q4 EPS by 43c, Offers Guidance

Alibaba Group Announces March Quarter and Full Fiscal Year 2020 Results

May 22, 2020 7:09 AM EDT

HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced its financial results for the quarter and fiscal year ended March 31, 2020.

Alibaba achieved the historic milestone of US$1 trillion in GMV across our digital economy this fiscal year, said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. Our overall business continued to experience strong growth, with a total annual active consumer base of 960 million globally, despite concluding the fiscal year with a quarter impacted by the economic effects of the COVID-19 pandemic. The pandemic has fundamentally altered consumer behavior and... More