Chart 4: Alibaba Cloud Growth and Margins (%)

Alibaba Cloud's external revenue growth has rebounded, the AI share keeps rising, and margins are improving alongside.Draft, pending review

How to read this chart

All three are percentages on one axis. The AI share for the December 2025 quarter was only described as still rising, so it is left blank.

Source: Company filings and earnings calls; FinSight compilation · Updated 2026-09-03