Alphabet (GOOG) Operating Leases (2019 - 2026)
Alphabet's (GOOG) quarterly Operating Leases came in at $18.0 billion in Q2 2026, up 20.58% year-over-year from $15.0 billion in Q2 2025, and up 11.61% quarter-over-quarter from $16.2 billion in Q1 2026.
Analysis
Alphabet (GOOG) Operating Leases (2019 - 2026) Analysis & Trends
Alphabet (GOOG) has reported Operating Leases for 8 consecutive years, with $18.0 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Leases rose 20.58% year-over-year to $18.0 billion in Q2 2026; TTM through Jun 2026 was $18.0 billion, a 20.58% increase from a year earlier, with the FY2025 full-year figure at $16.0 billion, up 9.44% from the prior year.
- Operating Leases was $18.0 billion for Q2 2026 at Alphabet, up from $16.2 billion in the prior quarter.
- Over five years, Operating Leases peaked at $18.0 billion in Q2 2026 and troughed at $11.4 billion in Q1 2022.
- A 5-year average of $13.6 billion and a median of $12.8 billion in 2023 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases fell 8.14% in 2024 and surged 30.47% in 2025, its largest moves.
- Over 5 years, Operating Leases stood at $12.5 billion in 2022, then advanced by 22.0% to $15.3 billion in 2023, then slipped by 4.41% to $14.6 billion in 2024, then grew by 9.44% to $16.0 billion in 2025, then climbed by 13.06% to $18.0 billion in 2026.
- The last three Operating Leases figures came in at $18.0 billion (Q2 2026), $16.2 billion (Q1 2026), and $16.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,184.93 Bn | 3,755.89 Bn | 73.85 Bn |
| 2 | AppLovin | 103.29 Bn | 100.24 Bn | 1.70 Bn |
| 3 | Trade Desk | 6.54 Bn | 5.05 Bn | 530.72 Mn |
| 4 | Magnite | 3.61 Bn | 3.27 Bn | 130.79 Mn |
| 5 | DoubleVerify Holdings | 2.08 Bn | 1.87 Bn | 161.31 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - |
| 7 | Quinstreet | 991.48 Mn | 863.16 Mn | 49.81 Mn |
| 8 | Ibotta | 965.22 Mn | 817.04 Mn | 69.72 Mn |
| 9 | Taboola.com | 906.66 Mn | 773.61 Mn | 139.48 Mn |
| 10 | Mntn | 837.08 Mn | 599.80 Mn | 66.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.04 Bn |
| Mar 31, 2026 | 16.16 Bn |
| Dec 31, 2025 | 15.95 Bn |
| Sep 30, 2025 | 15.21 Bn |
| Jun 30, 2025 | 14.96 Bn |
| Mar 31, 2025 | 14.55 Bn |
| Dec 31, 2024 | 14.58 Bn |
| Sep 30, 2024 | 11.65 Bn |
| Jun 30, 2024 | 11.71 Bn |
| Mar 31, 2024 | 11.96 Bn |
| Dec 31, 2023 | 15.25 Bn |
| Sep 30, 2023 | 12.55 Bn |
| Jun 30, 2023 | 12.75 Bn |
| Mar 31, 2023 | 12.80 Bn |
| Dec 31, 2022 | 12.50 Bn |
| Sep 30, 2022 | 11.98 Bn |
| Jun 30, 2022 | 11.70 Bn |
| Mar 31, 2022 | 11.36 Bn |
| Dec 31, 2021 | 11.39 Bn |
| Sep 30, 2021 | 11.47 Bn |