v3.26.1
Leases (Tables)
12 Months Ended
Mar. 31, 2026
Lessee Disclosure [Abstract]  
Summary of components of operating lease cost

Components of operating lease cost are as follows:

 

 

Year ended March 31,

 

 

2024

 

 

2025

 

 

2026

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

 

(in millions)

 

Operating lease cost

 

 

10,752

 

 

 

10,431

 

 

 

7,573

 

Variable lease cost

 

 

655

 

 

 

621

 

 

 

33

 

Total operating lease cost

 

 

11,407

 

 

 

11,052

 

 

 

7,606

 

Summary of future lease payments under operating leases Future lease payments under operating leases as of March 31, 2026 are as follows:

 

 

Amounts

 

 

 

RMB

 

 

(in millions)

 

For the year ending March 31,

 

 

 

2027

 

 

5,346

 

2028

 

 

4,397

 

2029

 

 

3,609

 

2030

 

 

3,017

 

2031

 

 

2,497

 

Thereafter

 

 

7,971

 

 

 

26,837

 

Less: imputed interest

 

 

(5,111

)

Total operating lease liabilities (Note 19)

 

 

21,726