Alibaba Group Holding (BABA) Operating Expenses (2013 - 2026)
Alibaba Group Holding's (BABA) quarterly Operating Expenses came in at -$8.9 billion in Q2 2026, down 5.8% year-over-year from -$9.4 billion in Q2 2025, and up 3.54% quarter-over-quarter from -$9.2 billion in Q1 2026.
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Analysis
Alibaba Group Holding (BABA) Operating Expenses (2013 - 2026) Analysis & Trends
Alibaba Group Holding has disclosed Operating Expenses across 14 years of filings, most recently posting -$8.9 billion for Q2 2026.
- In Q2 2026, Operating Expenses fell 5.8% year-over-year to -$8.9 billion; the TTM figure through Jun 2026 stood at -$39.7 billion (down 40.47% YoY), while the FY2026 annual figure was $24.5 million, down 97.02% from the prior year.
- Operating Expenses came in at -$8.9 billion for Q2 2026 at Alibaba Group Holding, up from -$9.2 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$4.8 billion in Q3 2023 to a low of -$11.3 billion in Q4 2025.
- Average Operating Expenses over 5 years is -$6.8 billion, with a median of -$6.1 billion recorded in 2024.
- Year-over-year, Operating Expenses soared 32.36% in 2022 and plunged 71.46% in 2025.
- Over 5 years, Operating Expenses stood at -$5.8 billion in 2022, then declined by 8.64% to -$6.3 billion in 2023, then decreased by 19.11% to -$7.5 billion in 2024, then slumped by 51.91% to -$11.3 billion in 2025, then increased by 21.73% to -$8.9 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$8.9 billion in Q2 2026, -$9.2 billion in Q1 2026, and -$11.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,070.34 Bn | 3,641.31 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,876.83 Bn | 1,786.57 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 297.14 Bn | 288.01 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 257.29 Bn | 222.03 Bn | 15.11 Bn | -8.86 Bn |
| 5 | Shopify | 184.36 Bn | 179.41 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 141.62 Bn | 136.41 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 117.14 Bn | 99.93 Bn | 4.98 Bn | 4.85 Bn |
| 8 | PDD Holdings | 112.73 Bn | 82.45 Bn | 9.45 Bn | -5.39 Bn |
| 9 | AppLovin | 105.70 Bn | 102.65 Bn | 1.70 Bn | 429.41 Mn |
| 10 | Spotify Technology | 105.08 Bn | 94.17 Bn | 1.86 Bn | 640.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.86 Bn |
| Mar 31, 2026 | -9.19 Bn |
| Dec 31, 2025 | -11.32 Bn |
| Sep 30, 2025 | -10.32 Bn |
| Jun 30, 2025 | -8.46 Bn |
| Mar 31, 2025 | -6.41 Bn |
| Dec 31, 2024 | -7.45 Bn |
| Sep 30, 2024 | -6.02 Bn |
| Jun 30, 2024 | -6.35 Bn |
| Mar 31, 2024 | -5.93 Bn |
| Dec 31, 2023 | -6.26 Bn |
| Sep 30, 2023 | -4.78 Bn |
| Jun 30, 2023 | -4.90 Bn |
| Mar 31, 2023 | -5.50 Bn |
| Dec 31, 2022 | -5.76 Bn |
| Sep 30, 2022 | -4.82 Bn |
| Jun 30, 2022 | -5.16 Bn |
| Mar 31, 2022 | -5.46 Bn |
| Dec 31, 2021 | -7.07 Bn |
| Sep 30, 2021 | -5.86 Bn |
API Access
Alibaba Group Holding Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BABA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BABA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BABA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();