Alibaba Group Holding (BBAAY) Operating Leases (2020 - 2026)

Alibaba Group Holding (BBAAY) posted Operating Leases of $2.5 billion for Q1 2026, up 35.7% on a QoQ basis from $1.9 billion in Q1 2025, and up 35.7% year-over-year from $1.9 billion in Q1 2025.

Alibaba Group Holding (BBAAY) has 7 years of Operating Leases data on file, last reported at $2.5 billion in 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 31.36% from the prior year.
  • Operating Leases rose to $2.5 billion in Q1 2026, from $1.9 billion in the prior quarter.
  • Across five years, Operating Leases topped out at $4.8 billion in Q1 2022 and bottomed at $1.9 billion in Q1 2025.
  • A 5-year average of $3.5 billion and a median of $4.1 billion in 2024 frame the typical range for Operating Leases.
  • Annual changes were most pronounced in 2025 — Operating Leases plunged 54.28% — and 2026, when it jumped 35.7%.
  • Year by year, Operating Leases stood at $4.8 billion in 2022, then declined by 12.47% to $4.2 billion in 2023, then fell by 2.92% to $4.1 billion in 2024, then slumped by 54.28% to $1.9 billion in 2025, then jumped by 35.7% to $2.5 billion in 2026.
  • The last three Operating Leases figures came in at $2.5 billion (Q1 2026), $1.9 billion (Q1 2025), and $4.1 billion (Q1 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Amazon Com 2,907.49 Bn 2,764.40 Bn 171.21 Bn
2 Mercadolibre 85.96 Bn 80.31 Bn 3.86 Bn
3 DoorDash 69.36 Bn 64.50 Bn 2.04 Bn
4 PDD Holdings 66.56 Bn 41.90 Bn 12.81 Bn
5 Ebay 48.95 Bn 45.09 Bn 2.29 Bn
6 Coupang 30.30 Bn 30.21 Bn 2.30 Bn
7 Maplebear 9.52 Bn 8.83 Bn 738.00 Mn
8 Wayfair 9.47 Bn 8.40 Bn 880.00 Mn
9 Chewy 9.33 Bn 8.46 Bn 959.70 Mn
10 Alibaba Group Holding - - 12.18 Bn

Historic Data

Download Data 🔒
DateValue
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
Mar 31, 2020 2.74 Bn