Alibaba Group Holding Limited (BABA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 9.75B | 35.22B | 10.1B | 20.35B | 25.92B | 71.62B | 31.11B | 33.77B | 24.47B | 76.72B | 34.26B | 46.74B | 38.34B | 81.05B | 47.79B | 34.3B | -5.68B | 80.81B | 35.68B | 33.63B |
| Operating CF Margin % | 4.01% | 12.37% | 4.08% | 8.22% | 10.96% | 25.56% | 13.16% | 13.89% | 11.03% | 29.47% | 15.24% | 19.96% | 18.41% | 32.71% | 23.07% | 16.68% | -2.78% | 33.31% | 17.78% | 16.34% |
| Operating CF Growth % | -62.37% | -50.82% | -67.54% | -39.76% | 5.89% | -6.65% | -9.17% | -27.74% | -36.16% | -5.34% | -28.32% | 36.29% | 774.96% | 0.29% | 33.94% | 2% | -119.41% | -23.7% | -34.5% | -32.57% |
| Net Income | 25.32B | 16.1B | 21.02B | 42.44B | 12.36B | 49.71B | 43.05B | 24.37B | 3.29B | 14.13B | 27.81B | 35.42B | 23.58B | 45.18B | -21.41B | 23.03B | -16.19B | 27.53B | 5.35B | 45.17B |
| Depreciation & Amortization | 11.26B | 11.34B | 9.01B | 7.58B | 9.98B | 9.41B | 8.26B | 7.95B | 8.96B | 20.88B | 8.86B | 9.45B | 9.36B | 12.2B | 10.29B | 9.57B | 2.82B | 9.32B | 9.67B | 9.98B |
| Stock-Based Compensation | 0 | 0 | 3.33B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -26.83B | 7.78B | -23.25B | -29.67B | 3.57B | 12.5B | -20.2B | 1.45B | 12.23B | 41.71B | -2.42B | 1.87B | 5.39B | 23.66B | 58.92B | 1.71B | 7.69B | 43.95B | 20.66B | -21.52B |
| Working Capital Changes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 8.68B | -25.21B | -69.65B | 18.04B | -57.32B | -94.83B | -16.32B | -35.98B | 15.83B | -6.25B | -48.97B | 12.99B | -32.9B | -68.95B | -7.45B | -27.96B | -83.14B | -34.61B | -29.64B | -47.81B |
| Capital Expenditures | -27.85B | -28.46B | -31.5B | -38.07B | -53.74B | -2.04B | -17.26B | -12.14B | -24.25B | -3.64B | 2.02B | -7.15B | -27.81B | 15.56B | -10.99B | -11.27B | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | 11.44% | 9.99% | 12.71% | 15.37% | 22.73% | 0.73% | 7.3% | 4.99% | 10.93% | 1.4% | 0.9% | 3.05% | 13.36% | 6.28% | 5.31% | 5.48% | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 36.53B | 3.25B | -38.15B | 56.11B | -3.58B | -92.79B | -15.59B | 270.11M | 40.08B | -2.61B | -50.99B | 20.14B | -5.09B | -84.51B | 3.54B | -16.68B | -83.14B | -34.61B | -29.64B | -47.81B |
| Cash from Financing | -14.6B | -13.38B | 10.9B | -2.69B | 16.24B | -2.67B | -48.7B | -19.66B | -50.36B | -21.32B | -7.04B | -25.42B | -10.04B | -21.66B | -11.15B | -21.29B | -15.88B | -19.05B | -23.57B | -11.48B |
| Debt Issued (Net) | 0 | 0 | 46.5B | 0 | 0 | 0 | 6.79B | 31.19B | -473.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | -1.8B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | -33.31B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -1.8B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -14.6B | -13.38B | -484M | -2.69B | 16.24B | -2.67B | -55.49B | -50.86B | -49.88B | -21.32B | -7.04B | -25.42B | -10.04B | -21.66B | -11.15B | -21.29B | -15.88B | -19.05B | -23.57B | -11.48B |
| Net Change in Cash | 4.98B | -1.71B | -49.14B | 46.85B | -22.89B | -31.7B | -28.98B | -15.91B | -20.82B | 21.21B | 12.23B | 27.65B | -5.35B | -7.84B | 18.34B | -21.25B | -105.03B | 26.64B | -16.62B | -21.38B |
| Free Cash Flow | -18.1B | 6.76B | -21.4B | -17.72B | -27.82B | 69.58B | 13.86B | 21.63B | 229.37M | 73.09B | 36.28B | 39.6B | 10.53B | 96.61B | 36.8B | 23.02B | -5.68B | 80.81B | 35.68B | 33.63B |
| FCF Margin % | -7.44% | 2.37% | -8.64% | -7.16% | -11.77% | 24.84% | 5.86% | 8.89% | 0.1% | 28.07% | 16.14% | 16.91% | 5.06% | 38.99% | 17.76% | 11.2% | -2.78% | 33.31% | 17.78% | 16.34% |
| FCF Growth % | 34.96% | -90.28% | -254.47% | -181.92% | -12230.67% | -4.8% | -61.81% | -45.37% | -97.82% | -24.35% | -1.41% | 71.98% | 285.33% | 19.54% | 3.14% | -31.53% | -119.41% | -23.7% | -34.5% | -32.57% |
| FCF per Share | -7.53 | 2.80 | -8.93 | -7.40 | -11.62 | 28.99 | 5.74 | 8.83 | 0.09 | 28.77 | 14.14 | 15.37 | 4.03 | 36.96 | 13.91 | 8.61 | -2.12 | 29.77 | 13.29 | 12.21 |
| FCF Conversion (FCF/Net Income) | 0.38x | 2.15x | 0.48x | 0.50x | 2.06x | 1.46x | 0.71x | 1.38x | 7.27x | 5.27x | 1.23x | 1.37x | 1.62x | 1.73x | -2.34x | 1.51x | 0.64x | 2.91x | 6.50x | 0.75x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |