Alibaba: Buybacks To Fuel Growth In FY Q1 Earnings

alexsl Alibaba (NYSE:BABA) has been buying back stock at a furious pace ahead of earnings. In the company's fiscal first quarter of 2025 (calendar second quarter), it bought back 77 million ADRs for a total of $5.8 billion. The buyback retired an impressive 3.16% of the previous share count (2.434 billion). For reference, Apple's (AAPL) ongoing $110 billion buyback can retire about 2.6% of that company's stock if it is used over the course of an entire year! Alibaba's share count reduction (Alibaba) Alibaba ...