Alibaba Group Holding Ltd. (BABA) cash flow statement

NYSE · Consumer Cyclical · Specialty Retail · 132,165 employees · CEO Yongming Wu

Price: $98.04 -1.51%
Market cap: $244B
Enterprise value: CN¥1.72T
Last report: Q1 '27 filed 2026-08-20
Next report: 2026-11-24

In Q1 '27 Alibaba Group Holding Ltd. (BABA) generated CN¥22.9B of operating cash flow, invested CN¥67.7B in capital expenditure and kept -CN¥44.7B of free cash flow. Over the last four quarters free cash flow was -CN¥77.5B.

Cash flow

Cash flow	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26	Q4 '26	Q1 '27
Operating
Net income	CN¥27.8B	CN¥14.1B	CN¥3.29B	CN¥24.4B	CN¥43.1B	CN¥49.7B	CN¥12.4B	CN¥42.4B	CN¥21B	CN¥16.1B	CN¥25.3B	CN¥10.6B
Depreciation & amortization	CN¥8.87B	CN¥21.3B	CN¥8.92B	CN¥7.91B	CN¥8.41B	CN¥9.32B	CN¥9.97B	CN¥7.67B	CN¥9.04B	CN¥11.5B	CN¥13.9B	CN¥12.5B
Stock-based compensation	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥3.33B	CN¥0	CN¥0	CN¥3.3B
Other non-cash items	-CN¥2.43B	CN¥41.3B	CN¥12.3B	CN¥1.5B	-CN¥20.4B	CN¥12.6B	CN¥3.59B	-CN¥29.8B	-CN¥23.3B	CN¥7.61B	-CN¥29.5B	-CN¥3.47B
Operating cash flow	CN¥34.3B	CN¥76.7B	CN¥24.5B	CN¥33.8B	CN¥31.1B	CN¥71.6B	CN¥25.9B	CN¥20.3B	CN¥10.1B	CN¥35.2B	CN¥9.75B	CN¥22.9B
Investing
Capital expenditure	CN¥2.02B	-CN¥3.64B	-CN¥24.2B	-CN¥12.1B	-CN¥17.3B	-CN¥2.04B	-CN¥53.7B	-CN¥38.1B	-CN¥31.5B	-CN¥28.5B	-CN¥27.8B	-CN¥67.7B
Purchases of investments	CN¥0	CN¥0	CN¥0	-CN¥114B	-CN¥6.13B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Sales / maturities of investments	CN¥0	CN¥0	CN¥0	CN¥90.3B	CN¥22.7B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other investing	-CN¥51B	-CN¥2.61B	CN¥40.1B	CN¥270M	-CN¥15.6B	-CN¥92.8B	-CN¥3.58B	CN¥56.1B	-CN¥38.2B	CN¥3.25B	CN¥36.5B	CN¥48.7B
Investing cash flow	-CN¥49B	-CN¥6.25B	CN¥15.8B	-CN¥36B	-CN¥16.3B	-CN¥94.8B	-CN¥57.3B	CN¥18B	-CN¥69.7B	-CN¥25.2B	CN¥8.68B	-CN¥19B
Financing
Net debt issued / repaid	CN¥0	CN¥0	-CN¥473M	CN¥31.2B	CN¥6.79B	CN¥0	CN¥0	CN¥0	CN¥46.5B	CN¥0	CN¥0	CN¥11B
Share buybacks	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥1.8B	CN¥0	CN¥0	CN¥0
Dividends	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥33.3B	CN¥0	CN¥0	CN¥0
Other financing (incl. tax on vested shares)	-CN¥7.04B	-CN¥21.3B	-CN¥49.9B	-CN¥50.9B	-CN¥55.5B	-CN¥2.67B	CN¥16.2B	-CN¥2.69B	-CN¥484M	-CN¥13.4B	-CN¥14.6B	-CN¥1.54B
Financing cash flow	-CN¥7.04B	-CN¥21.3B	-CN¥50.4B	-CN¥19.7B	-CN¥48.7B	-CN¥2.67B	CN¥16.2B	-CN¥2.69B	CN¥10.9B	-CN¥13.4B	-CN¥14.6B	CN¥9.47B
Summary
FX effect on cash	CN¥34B	-CN¥27.9B	-CN¥10.8B	CN¥5.96B	CN¥4.93B	-CN¥5.81B	-CN¥7.73B	CN¥11.2B	-CN¥485M	CN¥1.66B	CN¥1.14B	-CN¥1.52B
Net change in cash	CN¥12.2B	CN¥21.2B	-CN¥20.8B	-CN¥15.9B	-CN¥29B	-CN¥31.7B	-CN¥22.9B	CN¥46.8B	-CN¥49.1B	-CN¥1.71B	CN¥4.98B	CN¥11.9B
Free cash flow (OCF - capex)	CN¥36.3B	CN¥73.1B	CN¥229M	CN¥21.6B	CN¥13.9B	CN¥69.6B	-CN¥27.8B	-CN¥17.7B	-CN¥21.4B	CN¥6.76B	-CN¥18.1B	-CN¥44.7B

Cash flow	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Operating
Net income	CN¥44.6B	CN¥60.3B	CN¥87.6B	CN¥153B	CN¥145B	CN¥60.9B	CN¥72.6B	CN¥80.4B	CN¥131B	CN¥102B
Depreciation & amortization	CN¥14.3B	CN¥22B	CN¥37.1B	CN¥42.4B	CN¥48.1B	CN¥48.1B	CN¥46.9B	CN¥44.5B	CN¥42.5B	CN¥47.1B
Stock-based compensation	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥11.2B
Deferred income tax	CN¥287M	CN¥920M	-CN¥2.2B	-CN¥3.53B	CN¥3.12B	-CN¥1.35B	-CN¥1.72B	-CN¥5.3B	CN¥377M	-CN¥2.53B
Change in working capital	CN¥7.41B	CN¥20.8B	CN¥32.3B	CN¥22B	CN¥48.7B	-CN¥17.8B	CN¥13.5B	-CN¥13.9B	-CN¥24.2B	-CN¥22.5B
Other non-cash items	CN¥15.4B	CN¥13.9B	-CN¥3.75B	-CN¥28.7B	-CN¥21.3B	CN¥50.6B	CN¥68.6B	CN¥78.3B	CN¥15.7B	-CN¥59.1B
Operating cash flow	CN¥82B	CN¥118B	CN¥151B	CN¥185B	CN¥224B	CN¥140B	CN¥200B	CN¥184B	CN¥165B	CN¥76.2B
Investing
Capital expenditure	-CN¥17.9B	-CN¥28.1B	-CN¥49.7B	-CN¥46.5B	-CN¥41.7B	-CN¥52.4B	-CN¥34.4B	-CN¥33.2B	-CN¥86.7B	-CN¥126B
Acquisitions	-CN¥32.4B	CN¥544M	-CN¥26.7B	-CN¥6.51B	-CN¥18.4B	CN¥724M	-CN¥2.16B	-CN¥5.42B	-CN¥22B	CN¥12.1B
Purchases of investments	-CN¥45.3B	-CN¥63.1B	-CN¥84.4B	-CN¥81.6B	-CN¥184B	-CN¥153B	-CN¥124B	-CN¥83.8B	-CN¥141B	-CN¥76.4B
Sales / maturities of investments	CN¥16.6B	CN¥12.6B	CN¥18.4B	CN¥19.4B	CN¥9.47B	CN¥15.2B	CN¥22.8B	CN¥95.4B	CN¥43.5B	CN¥123B
Other investing	CN¥3.06M	CN¥10.4M	CN¥7M	-CN¥35.9M	-CN¥899M	-CN¥889M	CN¥923M	CN¥743M	-CN¥71.6M	-CN¥95M
Investing cash flow	-CN¥79B	-CN¥78.1B	-CN¥142B	-CN¥115B	-CN¥236B	-CN¥191B	-CN¥137B	-CN¥26.3B	-CN¥207B	-CN¥67.3B
Financing
Net debt issued / repaid	CN¥30B	CN¥31.7B	-CN¥4.23B	-CN¥16.4B	CN¥30.2B	-CN¥7.16B	CN¥11.4B	CN¥2.48B	CN¥60.4B	CN¥39B
Share buybacks	-CN¥13.5B	CN¥0	-CN¥10.9B	CN¥0	-CN¥746M	-CN¥60.2B	-CN¥74.8B	-CN¥89.4B	-CN¥87.4B	-CN¥7.64B
Dividends	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥18.1B	-CN¥29.3B	-CN¥33.7B
Other financing (incl. tax on vested shares)	CN¥669M	-CN¥13.9B	-CN¥1.35B	-CN¥285M	-CN¥454M	-CN¥866M	-CN¥633M	-CN¥622M	-CN¥868M	-CN¥19.3B
Financing cash flow	CN¥32.1B	CN¥18.1B	-CN¥16.1B	CN¥77.1B	CN¥29.2B	-CN¥68.1B	-CN¥64.1B	-CN¥105B	-CN¥57.1B	-CN¥20.6B
Summary
FX effect on cash	-CN¥6.49B	CN¥11.4B	-CN¥15.5B	-CN¥7.77B	CN¥21.9B	CN¥2.62B	-CN¥15.9B	-CN¥12.3B	-CN¥1.46B	-CN¥4B
Net change in cash	CN¥28.7B	CN¥69.5B	-CN¥23B	CN¥139B	CN¥39B	-CN¥116B	-CN¥17.3B	CN¥40.6B	-CN¥100B	-CN¥15.7B
Free cash flow (OCF - capex)	CN¥64.1B	CN¥89.9B	CN¥101B	CN¥139B	CN¥182B	CN¥87.9B	CN¥166B	CN¥151B	CN¥78.2B	-CN¥50.7B
Income taxes paid	CN¥0	CN¥0	CN¥0	CN¥31.7B	CN¥20.9B	CN¥21.5B	CN¥26.5B	CN¥0	CN¥0	CN¥0
Interest paid	CN¥0	CN¥0	CN¥0	CN¥4.89B	CN¥4.1B	CN¥4.89B	CN¥5.64B	CN¥0	CN¥0	CN¥9.38B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Share count and EPS

quarterly, diluted

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01 · Amounts in CNY as reported; price and market cap in USD.