Alibaba Group Holding (BABA) Operating Expenses (2013 - 2026)

Alibaba Group Holding has reported Operating Expenses for 14 years, with the latest figure at -$9.1 billion in Q1 2026.

• Quarterly Operating Expenses fell 43.57% year-over-year to -$9.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$40.5 billion (down 49.74% YoY) and the FY2026 annual result came in at $24.5 million, down 97.04% from the prior year.
• Operating Expenses grew to -$9.1 billion in Q1 2026 per BABA's latest filing, from -$12.7 billion in the prior quarter.
• Over five years, Operating Expenses peaked at -$4.8 billion in Q3 2023 and troughed at -$12.7 billion in Q4 2025.
• A 5-year average of -$6.9 billion and a median of -$6.1 billion in 2022 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 44.17% in 2022, then sank 71.46% in 2025.
• Over 5 years, Operating Expenses stood at -$6.1 billion in 2022, then declined by 21.09% to -$7.4 billion in 2023, then retreated by 11.78% to -$8.3 billion in 2024, then sank by 52.35% to -$12.7 billion in 2025, then gained by 28.18% to -$9.1 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered -$9.1 billion, -$12.7 billion, and -$10.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.