Alibaba Group Holding Limited (HKEX shares) (BABAHK) balance sheet

HKSE · Consumer Cyclical · Specialty Retail · 131,462 employees · CEO Yongming Wu

Price: HK$99.45 +2.47%
Market cap: HK$1.98T
Enterprise value: CN¥1.76T
Last report: Q1 '27 filed 2026-06-30
Next report: 2026-12-01

At the end of Q1 '27 Alibaba Group Holding Limited (HKEX shares) (BABAHK) held CN¥428B in cash and short-term investments against CN¥266B of debt incl. leases. Total assets CN¥1.96T, total liabilities CN¥848B, shareholders' equity CN¥1.05T.

Balance sheet

Balance sheet	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26	Q4 '26	Q1 '27
Assets
Cash & equivalents	CN¥244B	CN¥255B	CN¥248B	CN¥219B	CN¥183B	CN¥163B	CN¥145B	CN¥183B	CN¥135B	CN¥171B	CN¥173B	CN¥185B
Short-term investments	CN¥331B	CN¥360B	CN¥323B	CN¥230B	CN¥206B	CN¥290B	CN¥283B	CN¥233B	CN¥239B	CN¥210B	CN¥185B	CN¥243B
Receivables	CN¥146B	CN¥153B	CN¥80.4B	CN¥159B	CN¥175B	CN¥181B	CN¥129B	CN¥228B	CN¥233B	CN¥0	CN¥0	CN¥0
Inventory	CN¥0	CN¥0	CN¥25.5B	CN¥0	CN¥0	CN¥0	CN¥18.9B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other current assets	CN¥37.3B	CN¥40.1B	CN¥58.2B	CN¥46.1B	CN¥45.5B	CN¥43.2B	CN¥77.4B	CN¥41.5B	CN¥40.4B	CN¥232B	CN¥251B	CN¥297B
Current assets	CN¥758B	CN¥807B	CN¥753B	CN¥654B	CN¥609B	CN¥678B	CN¥674B	CN¥686B	CN¥647B	CN¥612B	CN¥609B	CN¥725B
Property, plant & equipment (net)	CN¥179B	CN¥182B	CN¥273B	CN¥194B	CN¥208B	CN¥227B	CN¥249B	CN¥221B	CN¥247B	CN¥255B	CN¥282B	CN¥312B
Long-term investments	CN¥456B	CN¥429B	CN¥424B	CN¥535B	CN¥547B	CN¥557B	CN¥567B	CN¥571B	CN¥619B	CN¥649B	CN¥655B	CN¥546B
Goodwill	CN¥267B	CN¥260B	CN¥260B	CN¥260B	CN¥260B	CN¥255B	CN¥256B	CN¥256B	CN¥256B	CN¥246B	CN¥247B	CN¥242B
Intangible assets	CN¥41.6B	CN¥28.4B	CN¥27B	CN¥25.3B	CN¥22.9B	CN¥21.7B	CN¥33.8B	CN¥20.1B	CN¥19.4B	CN¥18.6B	CN¥16.9B	CN¥16.7B
Deferred tax assets	CN¥0	CN¥0	CN¥11.4B	CN¥0	CN¥0	CN¥0	CN¥13.2B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥110B	CN¥115B	CN¥23B	CN¥117B	CN¥116B	CN¥117B	CN¥11.4B	CN¥93.3B	CN¥96.9B	CN¥98.4B	CN¥94.7B	CN¥119B
Non-current assets	CN¥1.05T	CN¥1.01T	CN¥1.02T	CN¥1.13T	CN¥1.15T	CN¥1.18T	CN¥1.13T	CN¥1.16T	CN¥1.24T	CN¥1.27T	CN¥1.29T	CN¥1.24T
Total assets	CN¥1.81T	CN¥1.82T	CN¥1.76T	CN¥1.79T	CN¥1.76T	CN¥1.85T	CN¥1.8T	CN¥1.85T	CN¥1.88T	CN¥1.88T	CN¥1.9T	CN¥1.96T
Liabilities
Accounts payable	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥351B	CN¥359B	CN¥413B
Accrued expenses	CN¥287B	CN¥315B	CN¥29.6B	CN¥339B	CN¥323B	CN¥340B	CN¥31.7B	CN¥372B	CN¥341B	CN¥0	CN¥0	CN¥0
Short-term debt	CN¥8.19B	CN¥26.4B	CN¥29B	CN¥29.9B	CN¥32.7B	CN¥21.5B	CN¥22.6B	CN¥24.6B	CN¥26.3B	CN¥24.7B	CN¥28.1B	CN¥30.6B
Taxes payable	CN¥8.51B	CN¥11B	CN¥17B	CN¥6.87B	CN¥8.12B	CN¥14.4B	CN¥0	CN¥8.94B	CN¥5.59B	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥86.5B	CN¥96.1B	CN¥85.6B	CN¥86.8B	CN¥81.3B	CN¥81.2B	CN¥68.6B	CN¥68.5B	CN¥71.5B	CN¥72.4B	CN¥77.2B	CN¥79.4B
Other current liabilities	CN¥0	CN¥0	CN¥74.1B	CN¥0	CN¥0	CN¥0	CN¥91.1B	CN¥0	CN¥0	CN¥246M	CN¥235M	CN¥233M
Current liabilities	CN¥390B	CN¥449B	CN¥422B	CN¥463B	CN¥445B	CN¥457B	CN¥435B	CN¥474B	CN¥444B	CN¥460B	CN¥475B	CN¥532B
Long-term debt	CN¥159B	CN¥140B	CN¥142B	CN¥178B	CN¥170B	CN¥210B	CN¥208B	CN¥208B	CN¥255B	CN¥238B	CN¥231B	CN¥236B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥29B	CN¥0	CN¥0	CN¥0	CN¥13.5B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Deferred revenue (non-current)	CN¥3.77B	CN¥4.05B	CN¥4.07B	CN¥4.31B	CN¥4.32B	CN¥4.55B	CN¥4.54B	CN¥4.46B	CN¥4.5B	CN¥4.46B	CN¥4.87B	CN¥4.68B
Deferred tax liabilities	CN¥57.7B	CN¥53.6B	CN¥53B	CN¥54.3B	CN¥54.7B	CN¥55.4B	CN¥48.5B	CN¥47B	CN¥46.8B	CN¥46.3B	CN¥45.9B	CN¥48.7B
Other non-current liabilities	CN¥31.7B	CN¥32.6B	CN¥2.9B	CN¥32.2B	CN¥31.4B	CN¥32.8B	CN¥4.18B	CN¥21.2B	CN¥21.4B	CN¥23.8B	CN¥24.1B	CN¥26.6B
Non-current liabilities	CN¥252B	CN¥230B	CN¥231B	CN¥269B	CN¥260B	CN¥303B	CN¥279B	CN¥280B	CN¥328B	CN¥313B	CN¥306B	CN¥316B
Total liabilities	CN¥642B	CN¥679B	CN¥652B	CN¥732B	CN¥705B	CN¥760B	CN¥714B	CN¥754B	CN¥772B	CN¥773B	CN¥781B	CN¥848B
Equity
Common stock & paid-in capital	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥997K	CN¥1M
Retained earnings	CN¥636B	CN¥617B	CN¥598B	CN¥565B	CN¥594B	CN¥636B	CN¥645B	CN¥648B	CN¥667B	CN¥683B	CN¥706B	CN¥702B
Accumulated other comprehensive income	CN¥20.2B	CN¥15B	CN¥18.3B	CN¥19.5B	CN¥16.4B	CN¥21B	CN¥19.3B	CN¥15.9B	CN¥14.7B	CN¥10.2B	CN¥3.55B	-CN¥3.25B
Shareholders' equity	CN¥1.04T	CN¥1.01T	CN¥987B	CN¥938B	CN¥954B	CN¥1T	CN¥1.01T	CN¥1.01T	CN¥1.03T	CN¥1.04T	CN¥1.06T	CN¥1.05T
Debt
Total debt (incl. leases)	CN¥167B	CN¥166B	CN¥206B	CN¥208B	CN¥202B	CN¥232B	CN¥248B	CN¥232B	CN¥282B	CN¥263B	CN¥259B	CN¥266B
Net debt (debt - cash)	-CN¥77B	-CN¥88.9B	-CN¥42.5B	-CN¥11.2B	CN¥19.3B	CN¥68.7B	CN¥103B	CN¥49B	CN¥147B	CN¥92.3B	CN¥86.1B	CN¥81B

Balance sheet	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Assets
Cash & equivalents	CN¥144B	CN¥199B	CN¥190B	CN¥331B	CN¥321B	CN¥190B	CN¥193B	CN¥248B	CN¥145B	CN¥173B
Short-term investments	CN¥7.07B	CN¥10.9B	CN¥13.2B	CN¥32.7B	CN¥162B	CN¥265B	CN¥331B	CN¥323B	CN¥283B	CN¥185B
Receivables	CN¥22.2B	CN¥29.1B	CN¥34.1B	CN¥30.8B	CN¥64.1B	CN¥82.4B	CN¥78.6B	CN¥80.4B	CN¥129B	CN¥0
Inventory	CN¥957M	CN¥4.54B	CN¥8.53B	CN¥14.9B	CN¥27.9B	CN¥30.1B	CN¥28.5B	CN¥25.5B	CN¥18.9B	CN¥0
Other current assets	CN¥5.51B	CN¥8.76B	CN¥17.4B	CN¥46.5B	CN¥49.4B	CN¥53B	CN¥49.5B	CN¥58.2B	CN¥77.4B	CN¥251B
Current assets	CN¥182B	CN¥257B	CN¥270B	CN¥463B	CN¥643B	CN¥639B	CN¥698B	CN¥753B	CN¥674B	CN¥609B
Property, plant & equipment (net)	CN¥20.2B	CN¥66.5B	CN¥92B	CN¥103B	CN¥147B	CN¥172B	CN¥176B	CN¥273B	CN¥249B	CN¥282B
Long-term investments	CN¥152B	CN¥178B	CN¥242B	CN¥351B	CN¥437B	CN¥443B	CN¥453B	CN¥424B	CN¥567B	CN¥655B
Goodwill	CN¥125B	CN¥162B	CN¥265B	CN¥277B	CN¥293B	CN¥270B	CN¥268B	CN¥260B	CN¥256B	CN¥247B
Intangible assets	CN¥20.4B	CN¥36.8B	CN¥68.3B	CN¥60.9B	CN¥70.8B	CN¥59.2B	CN¥46.9B	CN¥27B	CN¥33.8B	CN¥16.9B
Deferred tax assets	CN¥1.04B	CN¥2.18B	CN¥2.53B	CN¥7.59B	CN¥11B	CN¥14.5B	CN¥15.5B	CN¥11.4B	CN¥13.2B	CN¥0
Other non-current assets	CN¥6.03B	CN¥14.7B	CN¥25.5B	CN¥50.4B	CN¥87.4B	CN¥98.7B	CN¥95.4B	CN¥23B	CN¥11.4B	CN¥94.7B
Non-current assets	CN¥325B	CN¥460B	CN¥695B	CN¥850B	CN¥1.05T	CN¥1.06T	CN¥1.06T	CN¥1.02T	CN¥1.13T	CN¥1.29T
Total assets	CN¥507B	CN¥717B	CN¥965B	CN¥1.31T	CN¥1.69T	CN¥1.7T	CN¥1.75T	CN¥1.76T	CN¥1.8T	CN¥1.9T
Liabilities
Accounts payable	CN¥20.2B	CN¥40.4B	CN¥52B	CN¥67.2B	CN¥94.4B	CN¥107B	CN¥103B	CN¥0	CN¥0	CN¥359B
Accrued expenses	CN¥12.8B	CN¥20.8B	CN¥19.1B	CN¥16.9B	CN¥24.9B	CN¥28.3B	CN¥29B	CN¥29.6B	CN¥31.7B	CN¥0
Short-term debt	CN¥14.9B	CN¥6.03B	CN¥22.5B	CN¥5.15B	CN¥13.4B	CN¥8.84B	CN¥12.3B	CN¥29B	CN¥22.6B	CN¥28.1B
Taxes payable	CN¥7.67B	CN¥13.7B	CN¥17.7B	CN¥20.2B	CN¥25.3B	CN¥21.8B	CN¥12.5B	CN¥17B	CN¥0	CN¥0
Deferred revenue	CN¥23.2B	CN¥31.9B	CN¥41.6B	CN¥52B	CN¥77.5B	CN¥81.7B	CN¥84.6B	CN¥85.6B	CN¥68.6B	CN¥77.2B
Other current liabilities	CN¥7.08B	CN¥9.06B	CN¥20.6B	CN¥41B	CN¥87.3B	CN¥70.3B	CN¥73.4B	CN¥74.1B	CN¥91.1B	CN¥235M
Current liabilities	CN¥93.6B	CN¥136B	CN¥208B	CN¥242B	CN¥377B	CN¥384B	CN¥385B	CN¥422B	CN¥435B	CN¥475B
Long-term debt	CN¥76.8B	CN¥120B	CN¥112B	CN¥120B	CN¥136B	CN¥133B	CN¥149B	CN¥142B	CN¥208B	CN¥231B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥19.1B	CN¥28.2B	CN¥30.3B	CN¥28.5B	CN¥29B	CN¥13.5B	CN¥0
Deferred revenue (non-current)	CN¥641M	CN¥993M	CN¥1.47B	CN¥2.03B	CN¥3.16B	CN¥3.49B	CN¥3.56B	CN¥4.07B	CN¥4.54B	CN¥4.87B
Deferred tax liabilities	CN¥10.4B	CN¥19.3B	CN¥22.5B	CN¥43.9B	CN¥59.6B	CN¥61.7B	CN¥61.7B	CN¥53B	CN¥48.5B	CN¥45.9B
Other non-current liabilities	CN¥1.29B	CN¥2.05B	CN¥6.19B	CN¥6.17B	CN¥2.54B	CN¥1.62B	CN¥1.83B	CN¥2.9B	CN¥4.18B	CN¥24.1B
Non-current liabilities	CN¥89.1B	CN¥142B	CN¥142B	CN¥191B	CN¥229B	CN¥230B	CN¥245B	CN¥231B	CN¥279B	CN¥306B
Total liabilities	CN¥183B	CN¥278B	CN¥350B	CN¥433B	CN¥607B	CN¥613B	CN¥630B	CN¥652B	CN¥714B	CN¥781B
Equity
Common stock & paid-in capital	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥997K
Retained earnings	CN¥109B	CN¥172B	CN¥258B	CN¥406B	CN¥555B	CN¥564B	CN¥599B	CN¥598B	CN¥645B	CN¥706B
Accumulated other comprehensive income	CN¥8.54B	CN¥9.1B	CN¥2.64B	CN¥5.46B	-CN¥11.7B	-CN¥23.3B	CN¥2.56B	CN¥18.3B	CN¥19.3B	CN¥3.55B
Shareholders' equity	CN¥279B	CN¥366B	CN¥492B	CN¥755B	CN¥937B	CN¥948B	CN¥990B	CN¥987B	CN¥1.01T	CN¥1.06T
Debt
Total debt (incl. leases)	CN¥91.7B	CN¥126B	CN¥134B	CN¥147B	CN¥181B	CN¥177B	CN¥196B	CN¥206B	CN¥248B	CN¥259B
Net debt (debt - cash)	-CN¥52B	-CN¥73.8B	-CN¥55.7B	-CN¥183B	-CN¥140B	-CN¥13.3B	CN¥2.48B	-CN¥42.5B	CN¥103B	CN¥86.1B

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

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.