Alibaba Group Holding (BABA) Operating Leases (2020 - 2026)
Alibaba Group Holding's (BABA) quarterly Operating Leases came in at $2.5 billion in Q1 2026, up 35.7% year-over-year from $1.9 billion in Q1 2025, and up 35.7% quarter-over-quarter from $1.9 billion in Q1 2025.
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Analysis
Alibaba Group Holding (BABA) Operating Leases (2020 - 2026) Analysis & Trends
Alibaba Group Holding has disclosed Operating Leases across 7 years of filings, most recently posting $2.5 billion for Q1 2026.
- In Q1 2026, Operating Leases rose 35.7% year-over-year to $2.5 billion; the TTM figure through Mar 2026 stood at $2.5 billion (up 35.7% YoY), while the FY2026 annual figure was $2.5 billion, up 32.36% from the prior year.
- Operating Leases came in at $2.5 billion for Q1 2026 at Alibaba Group Holding, up from $1.9 billion in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $4.8 billion in Q1 2022 to a low of $1.9 billion in Q1 2025.
- Average Operating Leases over 5 years is $3.5 billion, with a median of $4.1 billion recorded in 2024.
- Year-over-year, Operating Leases slumped 54.28% in 2025 and jumped 35.7% in 2026.
- Over 5 years, Operating Leases stood at $4.8 billion in 2022, then decreased by 12.47% to $4.2 billion in 2023, then slipped by 2.92% to $4.1 billion in 2024, then sank by 54.28% to $1.9 billion in 2025, then jumped by 35.7% to $2.5 billion in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $2.5 billion in Q1 2026, $1.9 billion in Q1 2025, and $4.1 billion in Q1 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,070.34 Bn | 3,641.31 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,876.83 Bn | 1,786.57 Bn | 49.47 Bn |
| 3 | Netflix | 297.14 Bn | 288.01 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 257.29 Bn | 222.03 Bn | 15.11 Bn |
| 5 | Shopify | 184.36 Bn | 179.41 Bn | 1.71 Bn |
| 6 | Uber Technologies | 141.62 Bn | 136.41 Bn | 6.38 Bn |
| 7 | Booking Holdings | 117.14 Bn | 99.93 Bn | 4.98 Bn |
| 8 | PDD Holdings | 112.73 Bn | 82.45 Bn | 9.45 Bn |
| 9 | AppLovin | 105.70 Bn | 102.65 Bn | 1.70 Bn |
| 10 | Spotify Technology | 105.08 Bn | 94.17 Bn | 1.86 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 2.51 Bn |
| Mar 31, 2025 | 1.85 Bn |
| Mar 31, 2024 | 4.05 Bn |
| Mar 31, 2023 | 4.17 Bn |
| Mar 31, 2022 | 4.77 Bn |
| Mar 31, 2021 | 4.35 Bn |
| Sep 30, 2020 | 2.81 Bn |
| Mar 31, 2020 | 2.74 Bn |
API Access
Alibaba Group Holding Operating Leases 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-leases&ticker=BABA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=BABA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();