Alphabet (GOOG) Operating Leases (2019 - 2026)

Alphabet (GOOG) reported Operating Leases of $16.2 billion for Q1 2026, up 38.39% year-over-year from $11.7 billion in Q1 2025, and up 1.3% quarter-over-quarter from $16.0 billion in Q4 2025.

Alphabet (GOOG) Operating Leases (2019 - 2026) Analysis & Trends

Alphabet (GOOG) has 8 years of Operating Leases data on file, last reported at $16.2 billion in Q1 2026.

  • Operating Leases for Q1 2026 came in at $16.2 billion, up 38.39% year-over-year; the trailing twelve-month figure through Mar 2026 was $16.2 billion (up 38.39% YoY), and the FY2025 annual result was $16.0 billion, up 9.44% from the prior year.
  • Operating Leases rose to $16.2 billion in Q1 2026 per GOOG's latest filing, from $16.0 billion in the prior quarter.
  • Over five years, Operating Leases peaked at $16.2 billion in Q1 2026 and troughed at $11.4 billion in Q1 2022.
  • A 5-year average of $12.9 billion and a median of $12.5 billion in 2023 frame the typical range for Operating Leases.
  • The sharpest annual moves came in 2024 and 2026: Operating Leases retreated 8.14% in 2024, then soared 38.39% in 2026.
  • A 5-year view of Operating Leases shows it stood at $12.5 billion in 2022, then dropped by 0.33% to $12.5 billion in 2023, then advanced by 17.0% to $14.6 billion in 2024, then increased by 9.44% to $16.0 billion in 2025, then advanced by 1.3% to $16.2 billion in 2026.
  • Business Quant data shows GOOG's Operating Leases at $16.2 billion in Q1 2026, $16.0 billion in Q4 2025, and $12.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Nebius 2,430,078.11 Bn 2,430,078.11 Bn 295.20 Mn
2 Alphabet 4,448.32 Bn 4,232.70 Bn 102.29 Bn
3 Meta Platforms 1,465.06 Bn 1,383.88 Bn 46.09 Bn
4 Spotify Technology 113.19 Bn 102.95 Bn 1.75 Bn
5 Reddit 33.56 Bn 30.79 Bn 511.94 Mn
6 Pinterest 12.93 Bn 11.63 Bn 768.96 Mn
7 Kanzhun 12.77 Bn 10.67 Bn 255.62 Bn
8 Match 8.28 Bn 7.26 Bn 653.28 Mn
9 Snap 7.91 Bn 5.08 Bn 1.29 Bn
10 Zillow 7.56 Bn 6.78 Bn 519.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 16.16 Bn
Dec 31, 2025 15.95 Bn
Sep 30, 2025 12.11 Bn
Jun 30, 2025 14.96 Bn
Mar 31, 2025 11.68 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 12.46 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
Jun 30, 2021 11.62 Bn