Alphabet (GOOG) Operating Leases (2019 - 2026)
Alphabet (GOOG) posted quarterly Operating Leases of $18.0 billion for 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.
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.
- In Q2 2026, Operating Leases rose 20.58% year-over-year to $18.0 billion; the TTM figure through Jun 2026 stood at $18.0 billion (up 20.58% YoY), while the FY2025 annual figure was $16.0 billion, up 9.44% from the prior year.
- Operating Leases climbed to $18.0 billion in Q2 2026 per GOOG's latest filing, from $16.2 billion in the prior quarter.
- Across five years, Operating Leases topped out at $18.0 billion in Q2 2026 and bottomed at $11.4 billion in Q1 2022.
- Historically, Operating Leases has averaged $13.6 billion across 5 years, with a median of $12.8 billion in 2023.
- Annual changes were most pronounced in 2024 — Operating Leases retreated 8.14% — and 2025, when it soared 30.47%.
- Alphabet's Operating Leases stood at $12.5 billion in 2022, then grew by 22.0% to $15.3 billion in 2023, then declined by 4.41% to $14.6 billion in 2024, then rose by 9.44% to $16.0 billion in 2025, then increased by 13.06% to $18.0 billion in 2026.
- Business Quant data shows GOOG's Operating Leases at $18.0 billion in Q2 2026, $16.2 billion in Q1 2026, and $16.0 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,239.00 Bn | 3,809.96 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,535.20 Bn | 1,444.94 Bn | 49.47 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn |
| 4 | Baidu | 289.02 Bn | 284.53 Bn | 1.88 Mn |
| 5 | Spotify Technology | 102.92 Bn | 92.68 Bn | 1.75 Bn |
| 6 | Joyy | 77.84 Bn | 76.96 Bn | 205.64 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 |
| 8 | Nebius | 49.06 Bn | 39.43 Bn | 295.20 Mn |
| 9 | 30.48 Bn | 27.70 Bn | 734.60 Mn | |
| 10 | Tencent Music Entertainment | 27.04 Bn | 24.34 Bn | 514.00 Mn |
Historic Data
Download 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 |