Capital Expenditures for Alibaba (BABA)
According to Alibaba's latest reported financial statements, the company's current capital expenditures (TTM) is $125.34B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
BABA
Currently viewingCapital ExpendituresSwitch metric
Latest period
$125.34B
YoY change
+161.2%
5Y CAGR
+13.2%
Peak year (2025)
$86.66B
Cumulative capital expenditures
$421.79B
CapEx history chart for Alibaba (BABA) from 2007 to 2025
CapEx history table for Alibaba (BABA) from 2007 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $86.66B | +161.2% | ||
| 2024 | $33.18B | -3.5% | ||
| 2023 | $34.38B | -34.4% | ||
| 2022 | $52.44B | +25.9% | ||
| 2021 | $41.67B | -10.5% | ||
| 2020 | $46.54B | -6.3% | ||
| 2019 | $49.65B | +76.5% | ||
| 2018 | $28.14B | +57.0% | ||
| 2017 | $17.92B | +62.4% | ||
| 2016 | $11.03B | +43.4% | ||
| 2015 | $7.69B | +58.8% | ||
| 2014 | $4.84B | +97.1% | ||
| 2013 | $2.46B | +15.0% | ||
| 2012 | $2.14B | 0.0% | ||
| 2011 | $2.14B | +420.6% | ||
| 2010 | $410.74M | +54.1% | ||
| 2009 | $266.54M | +90.6% | ||
| 2008 | $139.81M | +44.6% | ||
| 2007 | $96.69M | — |
CapEx values are taken from Alibaba's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in CNY as filed.
Analysis
In 2025, Alibaba (BABA) capital expenditures totalled $86.66B – surged 161.2% year-over-year.
Across 2020–2025 (5 years), Alibaba capital expenditures produced a CAGR of +13.2% – with the latest reading among the more recent periods of the dataset.
$86.66B stands as the all-time-high annual capital expenditures, posted in 2025, against a low of $96.69M during 2007.
Within Consumer Cyclical, Alibaba (BABA) ranks 2nd among 8 peers we track. The peer median for capital expenditures is $2.79B.
Alibaba Capital Expenditures by Year
Alibaba Capital Expenditures 2025: $86.66B
Alibaba capital expenditures in 2025 was $86.66B, surged 161.2% from 2024. This figure represents the highest annual value in the available history.
Alibaba Capital Expenditures 2024: $33.18B
Alibaba capital expenditures in 2024 was $33.18B, edged down 3.5% below 2023.
Alibaba Capital Expenditures 2023: $34.38B
Alibaba capital expenditures in 2023 was $34.38B, plunged 34.4% below 2022.
Alibaba Capital Expenditures 2022: $52.44B
Alibaba capital expenditures in 2022 was $52.44B, grew 25.9% from 2021.
Alibaba Capital Expenditures 2021: $41.67B
Alibaba capital expenditures in 2021 was $41.67B.
See more financial history for Alibaba (BABA).
Sector peers — CapEx
Companies in the same sector as Alibaba, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Amazon.com, Inc. (AMZN) | $131.82B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $8.53B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $3.68B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $3.37B | Consumer Cyclical |
| Lowe's Companies, Inc. (LOW) | $2.21B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $1.96B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $322.00M | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
What is Alibaba's capital expenditures?
- Latest reported capital expenditures for Alibaba (BABA) is $125.34B (period ending September 30, 2025).
How has Alibaba capital expenditures changed year-over-year?
- Alibaba (BABA) capital expenditures changed +161.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Alibaba capital expenditures?
- Alibaba (BABA) capital expenditures compound annual growth rate is +13.2% over the most recent 5 years available.
When did Alibaba capital expenditures hit its highest annual value?
- Alibaba capital expenditures reached its highest annual value of $86.66B in 2025.
What was Alibaba capital expenditures in 2024?
- Alibaba (BABA) capital expenditures in 2024 was $33.18B.
What was Alibaba capital expenditures in 2025?
- Alibaba (BABA) capital expenditures in 2025 was $86.66B.
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