Alibaba continues share buyback program, $19.1 bn authorization remains

Alibaba Group Holding Limited repurchased 17 million ordinary shares, equivalent to 2 million American Depositary Shares (ADSs), for a total of $241 million during the quarter ended September 30, 2025. These repurchases were executed in the U.S. market as part of its ongoing share repurchase program.

As of September 30, 2025, the company's outstanding ordinary shares totaled 18,552 million (2,319 million ADSs), reflecting a net decrease of 3 million ordinary shares (0.4 million ADSs) from June 30, 2025, after accounting for shares issued under its ESOP. This represents a 0.02% net reduction in outstanding shares.

In the three months ended September 30, 2025, Alibaba repurchased 2 million ADSs for $0.2 bn. This follows repurchases of 7 million ADSs for $0.8 bn in the prior quarter ending June 30, 2025, and 6 million ADSs for $0.6 bn in the quarter ending March 31, 2025.

Alibaba has a substantial remaining board authorization for its share repurchase program, with $19.1 bn still available as of September 30, 2025. This authorization is effective through March 2027.