Alibaba Group Holding BABAF
NYSE BABAF
$14.01 -0.40 (-2.78%)
At close: Sep 8, 2026 · 4:00 PM EDT

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

Alibaba Group Holding's (BABAF) 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.

Analysis

Alibaba Group Holding (BABAF) 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 Booking Holdings 131.98 Bn 114.76 Bn 4.98 Bn 4.85 Bn
2 PDD Holdings 109.95 Bn 79.67 Bn 9.45 Bn -5.39 Bn
3 Airbnb 100.24 Bn 88.17 Bn 2.98 Bn 2.85 Bn
4 Mercadolibre 94.85 Bn 79.66 Bn 4.16 Bn 3.48 Bn
5 Ebay 46.87 Bn 43.57 Bn 2.30 Bn 1.63 Bn
6 Expedia 32.64 Bn 25.51 Bn 3.91 Bn 2.55 Bn
7 Alibaba Group Holding 31.91 Bn -11.79 Bn 15.11 Bn -8.86 Bn
8 Maplebear 10.90 Bn 10.05 Bn 751.00 Mn 608.00 Mn
9 Full Truck Alliance 8.64 Bn 7.62 Bn - -279.73 Mn
10 Etsy 6.64 Bn 5.52 Bn 484.05 Mn 358.78 Mn
Historic Data

Historic Data

Download Data
DateValue
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 -8.37 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