Alibaba Group Holding Limited (BABA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant strengths identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when BABA posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Alibaba Group Holding Limited (BABA) stock price & volume — 10-year historical chart
Alibaba Group Holding Limited (BABA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Alibaba Group Holding Limited (BABA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $0.09vs $1.02-91.2% | $35.3Bvs $35.8B-1.4% |
| Q2 2026 | Mar 19, 2026 | $1.01vs $1.65-38.8% | $40.7Bvs $41.4B-1.5% |
| Q4 2025 | Nov 25, 2025 | $0.61vs $0.66-7.6% | $34.8Bvs $41.9B-16.8% |
| Q3 2025 | Aug 29, 2025 | $2.06vs $2.13-3.3% | $34.5Bvs $34.3B+0.8% |
Alibaba Group Holding Limited (BABA) competitors in General Online Marketplaces — business model, growth, and fundamentals comparison
Alibaba Group Holding Limited (BABA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Alibaba Group Holding Limited (BABA) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 250.27B | 376.84B | 509.71B | 717.29B | 853.06B | 868.69B | 941.17B | 996.35B | 1.02T |
Revenue Growth % | 58.12% | 50.58% | 35.26% | 40.72% | 18.93% | 1.83% | 8.34% | 5.86% | 2.74% |
Cost of Goods Sold | 107.04B | 206.93B | 282.37B | 421.2B | 539.45B | 549.7B | 586.32B | 598.28B | 616.14B |
COGS % of Revenue | 42.77% | 54.91% | 55.4% | 58.72% | 63.24% | 63.28% | 62.3% | 60.05% | 60.19% |
Gross Profit | 143.22B▲ 0% | 169.91B▲ 18.6% | 227.34B▲ 33.8% | 296.08B▲ 30.2% | 313.61B▲ 5.9% | 318.99B▲ 1.7% | 354.85B▲ 11.2% | 398.06B▲ 12.2% | 407.53B▲ 2.4% |
Gross Margin % | 57.23% | 45.09% | 44.6% | 41.28% | 36.76% | 36.72% | 37.7% | 39.95% | 39.81% |
Gross Profit Growth % | 44.98% | 18.64% | 33.8% | 30.24% | 5.92% | 1.72% | 11.24% | 12.18% | 2.38% |
Operating Expenses | 73.91B | 112.83B | 135.91B | 206.41B | 243.97B | 218.64B | 241.5B | 257.16B | 347.87B |
OpEx % of Revenue | 29.53% | 29.94% | 26.66% | 28.78% | 28.6% | 25.17% | 25.66% | 25.81% | 33.98% |
Selling, General & Admin | 43.54B | 64.67B | 78.87B | 136.74B | 151.72B | 145.68B | 157.13B | 188.26B | 278.11B |
SG&A % of Revenue | 17.4% | 17.16% | 15.47% | 19.06% | 17.79% | 16.77% | 16.69% | 18.89% | 27.17% |
Research & Development | 22.75B | 37.44B | 43.08B | 57.24B | 55.47B | 56.74B | 52.26B | 57.15B | 66.53B |
R&D % of Revenue | 9.09% | 9.93% | 8.45% | 7.98% | 6.5% | 6.53% | 5.55% | 5.74% | 6.5% |
Other Operating Expenses | 7.61B | 10.73B | 13.96B | 12.43B | 36.79B | 16.22B | 32.11B | 11.75B | 3.23B |
Operating Income | 69.31B▲ 0% | 57.08B▼ 17.6% | 91.43B▲ 60.2% | 89.68B▼ 1.9% | 69.64B▼ 22.3% | 100.35B▲ 44.1% | 113.35B▲ 13.0% | 140.91B▲ 24.3% | 59.66B▼ 57.7% |
Operating Margin % | 27.7% | 15.15% | 17.94% | 12.5% | 8.16% | 11.55% | 12.04% | 14.14% | 5.83% |
Operating Income Growth % | 44.24% | -17.64% | 60.17% | -1.92% | -22.35% | 44.1% | 12.95% | 24.31% | -57.66% |
EBITDA | 91.33B | 94.16B | 133.86B | 137.59B | 117.7B | 147.29B | 157.85B | 175.87B | 106.78B |
EBITDA Margin % | 36.49% | 24.99% | 26.26% | 19.18% | 13.8% | 16.96% | 16.77% | 17.65% | 10.43% |
EBITDA Growth % | 46.49% | 3.1% | 42.15% | 2.79% | -14.45% | 25.14% | 7.17% | 11.41% | -39.28% |
D&A (Non-Cash Add-back) | 22.02B | 37.08B | 42.43B | 47.91B | 48.06B | 46.94B | 44.5B | 34.96B | 47.12B |
EBIT | 103.97B | 101.41B | 171.82B | 170.05B | 80.16B | 106.17B | 119.51B | 147.71B | 139.18B |
Net Interest Income | 26.93B | 38.92B | 67.78B | -20.61B | -20.61B | -16.99B | -17.91B | 11.16B | 77.72B |
Interest Income | 30.5B | 44.11B | 72.96B | 0 | 0 | 0 | 0 | 20.76B | 87.51B |
Interest Expense | 3.57B | 5.19B | 5.18B | 20.61B | 20.61B | 16.99B | 17.91B | 9.6B | 9.79B |
Other Income/Expense | 10.3B | 39.7B | 69.48B | 82.88B | 4.26B | -19.23B | -19.49B | 20.52B | 72.51B |
Pretax Income | 79.61B▲ 0% | 96.79B▲ 21.6% | 160.91B▲ 66.3% | 172.56B▲ 7.2% | 73.89B▼ 57.2% | 81.12B▲ 9.8% | 93.86B▲ 15.7% | 161.42B▲ 72.0% | 132.17B▼ 18.1% |
Pretax Margin % | 31.81% | 25.68% | 31.57% | 24.06% | 8.66% | 9.34% | 9.97% | 16.2% | 12.91% |
Income Tax | 18.2B | 16.55B | 20.56B | 29.28B | 26.82B | 15.55B | 22.53B | 35.45B | 30.05B |
Effective Tax Rate % | 22.86% | 17.1% | 12.78% | 16.97% | 36.29% | 19.17% | 24% | 21.96% | 22.73% |
Net Income | 64.09B▲ 0% | 87.89B▲ 37.1% | 149.43B▲ 70.0% | 150.58B▲ 0.8% | 62.25B▼ 58.7% | 72.78B▲ 16.9% | 80.01B▲ 9.9% | 130.11B▲ 62.6% | 103.59B▼ 20.4% |
Net Margin % | 25.61% | 23.32% | 29.32% | 20.99% | 7.3% | 8.38% | 8.5% | 13.06% | 10.12% |
Net Income Growth % | 46.75% | 37.12% | 70.03% | 0.77% | -58.66% | 16.92% | 9.93% | 62.62% | -20.38% |
Net Income (Continuing) | 61.41B | 80.23B | 140.35B | 143.28B | 47.08B | 65.57B | 71.33B | 125.98B | 102.13B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 73.53B | 123.2B | 124.17B | 146.36B | 133.91B | 133.31B | 126.1B | 80.37B | 65.14B |
EPS (Diluted) | 24.56▲ 0% | 33.52▲ 36.5% | 62.72▲ 87.1% | 54.72▼ 12.8% | 22.72▼ 58.5% | 27.44▲ 20.8% | 31.36▲ 14.3% | 53.60▲ 70.9% | 44.00▼ 17.9% |
EPS Growth % | 25.31% | 36.48% | 87.11% | -12.76% | -58.48% | 20.77% | 14.29% | 70.92% | -17.91% |
EPS (Basic) | 25.12 | 34.08 | 63.76 | 55.60 | 22.96 | 27.68 | 31.60 | 55.12 | 45.60 |
Diluted Shares Outstanding | 2.61B | 2.62B | 2.67B | 2.75B | 2.72B | 2.64B | 2.54B | 2.41B | 2.4B |
Basic Shares Outstanding | 2.55B | 2.58B | 2.63B | 2.7B | 2.69B | 2.62B | 2.52B | 2.35B | 2.32B |
Dividend Payout Ratio | - | - | - | - | - | - | 22.6% | 22.53% | 32.56% |
Alibaba Group Holding Limited (BABA) balance sheet — assets, liabilities & shareholders' equity
| Metric | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 254.91B | 268.4B | 460.61B | 640.91B | 635.54B | 693.43B | 746.65B | 669.71B | 608.49B |
Cash & Short-Term Investments | 210.21B | 203.42B | 375.16B | 517.56B | 491.06B | 557.62B | 602.17B | 464.77B | 357.59B |
Cash Only | 199.32B | 190.22B | 342.47B | 355.16B | 225.49B | 226.12B | 279.15B | 181.73B | 172.92B |
Short-Term Investments | 10.89B | 13.19B | 32.69B | 162.4B | 265.57B | 331.49B | 323.02B | 283.04B | 184.67B |
Accounts Receivable | 28.69B | 38.29B | 46.88B | 57B | 71.33B | 64.17B | 68.93B | 76.22B | 0 |
Days Sales Outstanding | 41.84 | 37.09 | 33.57 | 29 | 30.52 | 26.96 | 26.73 | 27.92 | - |
Inventory | 4.53B | 8.54B | 14.85B | 27.9B | 30.13B | 28.56B | 25.47B | 18.92B | 0 |
Days Inventory Outstanding | 15.45 | 15.06 | 19.19 | 24.17 | 20.39 | 18.96 | 15.86 | 11.54 | - |
Other Current Assets | 5.73B | 11.1B | 16.19B | 19.9B | 25.09B | 26.29B | 32.29B | 89.22B | 250.9B |
Total Non-Current Assets | 461.53B | 697.15B | 851.53B | 1.05T | 1.06T | 1.06T | 1.02T | 1.14T | 1.29T |
Property, Plant & Equipment | 72.34B | 99.72B | 141.45B | 222.45B | 253.82B | 257.52B | 273.53B | 249.73B | 281.64B |
Fixed Asset Turnover | 3.46x | 3.78x | 3.60x | 3.22x | 3.36x | 3.37x | 3.44x | 3.99x | 3.63x |
Goodwill | 161.96B | 265.05B | 276.59B | 293.16B | 269.97B | 268.18B | 259.77B | 255.89B | 246.45B |
Intangible Assets | 27.43B | 68.31B | 60.91B | 70.93B | 59.32B | 46.93B | 26.96B | 20.94B | 16.92B |
Long-Term Investments | 178.73B | 242.03B | 350.77B | 438.04B | 443.94B | 453.32B | 424.22B | 567.85B | 654.29B |
Other Non-Current Assets | 18.89B | 19.51B | 14.22B | 15.97B | 20.97B | 18.81B | 22.96B | 29.68B | 94.64B |
Total Assets | 716.44B▲ 0% | 965.55B▲ 34.8% | 1.31T▲ 35.9% | 1.69T▲ 29.0% | 1.7T▲ 0.3% | 1.75T▲ 3.3% | 1.77T▲ 0.7% | 1.81T▲ 2.4% | 1.9T▲ 5.3% |
Asset Turnover | 0.35x | 0.39x | 0.39x | 0.42x | 0.50x | 0.50x | 0.53x | 0.55x | 0.54x |
Asset Growth % | 41.48% | 34.77% | 35.9% | 28.99% | 0.33% | 3.28% | 0.67% | 2.35% | 5.28% |
Total Current Liabilities | 135.65B | 207.76B | 241.71B | 377.86B | 384.34B | 385.48B | 421.66B | 436.01B | 474.62B |
Accounts Payable | 0 | 0 | 6.03B | 11.1B | 13.11B | 17.52B | 18.38B | 28.73B | 358.55B |
Days Payables Outstanding | - | - | 7.79 | 9.62 | 8.87 | 11.63 | 11.44 | 17.53 | 212.41 |
Short-Term Debt | 6.02B | 22.48B | 7.91B | 17.53B | 13.86B | 17.94B | 34.88B | 26.55B | 28.12B |
Deferred Revenue (Current) | 22.27B | 30.81B | 38.31B | 62.57B | 67.08B | 71.32B | 72.84B | 68.44B | 77.13B |
Other Current Liabilities | 82.49B | 122.74B | 152.43B | 236.45B | 240.12B | 237.15B | 256.83B | 268.88B | 235.12M |
Current Ratio | 1.88x | 1.29x | 1.91x | 1.70x | 1.65x | 1.80x | 1.77x | 1.54x | 1.28x |
Quick Ratio | 1.85x | 1.25x | 1.84x | 1.62x | 1.58x | 1.72x | 1.71x | 1.49x | 1.28x |
Cash Conversion Cycle | - | - | 44.97 | 43.56 | 42.03 | 34.29 | 31.14 | 21.93 | - |
Total Non-Current Liabilities | 141.71B | 142.07B | 191.33B | 229.53B | 229.91B | 244.85B | 230.8B | 279.2B | 305.76B |
Long-Term Debt | 119.38B | 111.88B | 120.19B | 135.9B | 132.69B | 149.14B | 141.83B | 208.46B | 230.91B |
Capital Lease Obligations | 0 | 0 | 19.08B | 28.25B | 30.3B | 28.56B | 28.98B | 13.48B | 0 |
Deferred Tax Liabilities | 19.29B | 22.53B | 43.87B | 59.68B | 61.8B | 61.77B | 53.03B | 48.53B | 45.89B |
Other Non-Current Liabilities | 2.04B | 6.19B | 6.17B | 2.54B | 1.62B | 1.83B | 2.9B | 4.19B | 24.09B |
Total Liabilities | 277.36B | 349.83B | 433.04B | 607.4B | 614.25B | 630.33B | 652.46B | 715.21B | 780.37B |
Total Debt | 125.4B | 134.36B | 147.19B | 181.68B | 176.85B | 195.63B | 205.69B | 248.49B | 259.02B |
Net Debt | -73.91B | -55.86B | -195.28B | -173.48B | -48.64B | -30.49B | -73.46B | 66.76B | 86.11B |
Debt / Equity | 0.29x | 0.22x | 0.17x | 0.17x | 0.16x | 0.17x | 0.18x | 0.23x | 0.23x |
Debt / EBITDA | 1.37x | 1.43x | 1.10x | 1.32x | 1.50x | 1.33x | 1.30x | 1.41x | 2.43x |
Net Debt / EBITDA | -0.81x | -0.59x | -1.46x | -1.26x | -0.41x | -0.21x | -0.47x | 0.38x | 0.81x |
Interest Coverage | 29.16x | 19.54x | 33.17x | 8.25x | 3.89x | 6.25x | 6.67x | 15.39x | 14.21x |
Total Equity | 439.08B▲ 0% | 615.72B▲ 40.2% | 879.1B▲ 42.8% | 1.09T▲ 23.4% | 1.08T▼ 0.1% | 1.12T▲ 3.6% | 1.11T▼ 0.9% | 1.09T▼ 1.9% | 1.12T▲ 2.8% |
Equity Growth % | 35.58% | 40.23% | 42.78% | 23.44% | -0.12% | 3.65% | -0.92% | -1.91% | 2.77% |
Book Value per Share | 168.23 | 234.74 | 329.47 | 394.92 | 397.96 | 425.63 | 437.35 | 452.13 | 466.68 |
Total Shareholders' Equity | 365.55B | 492.52B | 754.94B | 938.77B | 949.9B | 990.03B | 986.89B | 1.01T | 1.06T |
Common Stock | 998.81K | 1M | 999.32K | 1M | 1M | 1M | 1M | 1M | 996.26K |
Retained Earnings | 172.15B | 258B | 406.01B | 555.67B | 564.37B | 599.23B | 598.11B | 646.47B | 705.74B |
Treasury Stock | -2.23B | 0 | 0 | 0 | -2.22B | -28.77B | -27.69B | -36.38B | -36.01B |
Accumulated OCI | 9.09B | 2.64B | 5.45B | -11.73B | -23.35B | 2.56B | 18.34B | 19.36B | 3.54B |
Minority Interest | 73.53B | 123.2B | 124.17B | 146.36B | 133.91B | 133.31B | 126.1B | 80.37B | 65.14B |
Alibaba Group Holding Limited (BABA) cash flow — operating, investing & free cash flow history
| Metric | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 118.04B | 151.01B | 185.21B | 223.63B | 140.39B | 199.9B | 184.01B | 164.82B | 76.21B |
Operating CF Margin % | 47.17% | 40.07% | 36.34% | 31.18% | 16.46% | 23.01% | 19.55% | 16.54% | 7.45% |
Operating CF Growth % | 43.91% | 27.93% | 22.65% | 20.74% | -37.22% | 42.39% | -7.95% | -10.43% | -53.76% |
Net Income | 60.34B | 87.62B | 153.07B | 145.02B | 60.93B | 72.56B | 80.36B | 130.51B | 102.13B |
Depreciation & Amortization | 20.64B | 36.94B | 43.3B | 45.41B | 44.97B | 38.19B | 45.28B | 31.1B | 47.12B |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.18B |
Deferred Taxes | 920.43M | -2.2B | -3.53B | 3.12B | -1.35B | -1.72B | -5.3B | 377M | -2.53B |
Other Non-Cash Items | 15.32B | -3.61B | -29.6B | -18.66B | 53.69B | 77.38B | 77.52B | 27.02B | -59.14B |
Working Capital Changes | 20.82B | 32.26B | 21.96B | 48.73B | -17.85B | 13.49B | -13.86B | -24.18B | -22.55B |
Change in Receivables | -606.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 21.84B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Investing | -78.05B | -142.39B | -115.29B | -235.79B | -190.54B | -137.2B | -26.27B | -206.61B | -67.34B |
Capital Expenditures | -28.14B | -49.65B | -46.54B | -41.67B | -52.44B | -34.38B | -33.18B | -86.66B | -126.06B |
CapEx % of Revenue | 11.24% | 13.18% | 9.13% | 5.81% | 6.15% | 3.96% | 3.53% | 8.7% | 12.31% |
Acquisitions | 544.15M | -26.74B | -6.51B | -18.42B | 723.77M | -2.16B | -5.42B | -22.02B | 12.11B |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | 10.37M | 7M | -35.89M | -899.2M | -888.99M | 922.68M | 742.71M | -71.57M | -95M |
Cash from Financing | 18.14B | -16.1B | 77.12B | 29.21B | -68.13B | -64.07B | -104.81B | -57.12B | -20.57B |
Debt Issued (Net) | 31.71B | -4.23B | -16.43B | 30.25B | -7.16B | 11.35B | 2.48B | 60.4B | 39.03B |
Equity Issued (Net) | 376.28M | -10.52B | 93.84B | -576.95M | -60.1B | -74.79B | -88.58B | -87.35B | -6.6B |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | -18.08B | -29.31B | -33.73B |
Share Repurchases | 0 | -10.87B | 0 | -745.79M | -60.21B | -74.8B | -89.43B | -87.36B | -7.64B |
Other Financing | -13.95B | -1.35B | -285.08M | -454.42M | -866.37M | -633.47M | -621.78M | -867.9M | -19.28B |
Net Change in Cash | 69.5B▲ 0% | -22.96B▼ 133.0% | 139.27B▲ 706.6% | 38.97B▼ 72.0% | -115.66B▼ 396.8% | -17.31B▲ 85.0% | 40.6B▲ 334.5% | -100.37B▼ 347.2% | -15.7B▲ 84.4% |
Free Cash Flow | 89.91B▲ 0% | 101.36B▲ 12.7% | 138.67B▲ 36.8% | 181.96B▲ 31.2% | 87.95B▼ 51.7% | 165.52B▲ 88.2% | 150.82B▼ 8.9% | 78.16B▼ 48.2% | -50.72B▼ 164.9% |
FCF Margin % | 35.92% | 26.9% | 27.2% | 25.37% | 10.31% | 19.05% | 16.03% | 7.84% | -4.96% |
FCF Growth % | 40.24% | 12.73% | 36.81% | 31.22% | -51.67% | 88.2% | -8.88% | -48.18% | -164.9% |
FCF per Share | 34.45 | 38.64 | 51.97 | 66.22 | 32.29 | 62.72 | 59.27 | 32.37 | -21.10 |
FCF Conversion (FCF/Net Income) | 1.84x | 1.72x | 1.24x | 1.49x | 2.26x | 2.75x | 2.30x | 1.27x | 0.74x |
Interest Paid | 0 | 0 | 4.89B | 4.1B | 4.89B | 5.64B | 0 | 0 | 9.38B |
Taxes Paid | 0 | 0 | 31.73B | 20.9B | 21.47B | 26.48B | 0 | 0 | 0 |
Alibaba Group Holding Limited (BABA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 15.22% | 16.8% | 16.66% | 19.99% | 15.33% | 5.74% | 6.6% | 7.16% | 11.8% | 9.36% |
Return on Invested Capital (ROIC) | 15.28% | 16.32% | 9.26% | 11.03% | 8.43% | 5.37% | 7.07% | 7.97% | 9.62% | 3.78% |
Gross Margin | 62.42% | 57.23% | 45.09% | 44.6% | 41.28% | 36.76% | 36.72% | 37.7% | 39.95% | 39.81% |
Net Margin | 27.59% | 25.61% | 23.32% | 29.32% | 20.99% | 7.3% | 8.38% | 8.5% | 13.06% | 10.12% |
Debt / Equity | 0.28x | 0.29x | 0.22x | 0.17x | 0.17x | 0.16x | 0.17x | 0.18x | 0.23x | 0.23x |
Interest Coverage | 23.47x | 29.16x | 19.54x | 33.17x | 8.25x | 3.89x | 6.25x | 6.67x | 15.39x | 14.21x |
FCF Conversion | 1.88x | 1.84x | 1.72x | 1.24x | 1.49x | 2.26x | 2.75x | 2.30x | 1.27x | 0.74x |
Revenue Growth | 56.48% | 58.12% | 50.58% | 35.26% | 40.72% | 18.93% | 1.83% | 8.34% | 5.86% | 2.74% |
Alibaba Group Holding Limited (BABA) stock FAQ — growth, dividends, profitability & financials explained
Alibaba Group Holding Limited (BABA) reported $1.02T in revenue for fiscal year 2026. This represents a 74957% increase from $1.36B in 2007.
Alibaba Group Holding Limited (BABA) grew revenue by 2.7% over the past year. Growth has been modest.
Yes, Alibaba Group Holding Limited (BABA) is profitable, generating $103.59B in net income for fiscal year 2026 (10.1% net margin).
Yes, Alibaba Group Holding Limited (BABA) pays a dividend with a yield of 1.94%. This makes it attractive for income-focused investors.
Alibaba Group Holding Limited (BABA) has a return on equity (ROE) of 9.4%. This is below average, suggesting room for improvement.
Alibaba Group Holding Limited (BABA) had negative free cash flow of $50.46B in fiscal year 2026, likely due to heavy capital investments.