Alphabet Inc. (GOOGL) Invested Capital (2014 - 2026)

Alphabet (GOOGL) has reported Invested Capital for 13 consecutive years, with $738.6 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Invested Capital rose 91.1% year-over-year to $738.6 billion in Q2 2026; TTM through Jun 2026 was $738.6 billion, a 91.1% increase from a year earlier, with the FY2025 full-year figure at $461.8 billion, up 37.46% from the prior year.
• Invested Capital was $738.6 billion for Q2 2026 at Alphabet, up from $556.2 billion in the prior quarter.
• Over five years, Invested Capital peaked at $738.6 billion in Q2 2026 and troughed at $268.3 billion in Q3 2022.
• A 5-year average of $356.0 billion and a median of $310.0 billion in 2024 frame the typical range for Invested Capital.
• Across the five-year window, Invested Capital gained 1.65% in 2022 and surged 91.1% in 2026, its largest moves.
• Over 5 years, Invested Capital stood at $270.8 billion in 2022, then gained by 9.43% to $296.4 billion in 2023, then gained by 13.36% to $336.0 billion in 2024, then surged by 37.46% to $461.8 billion in 2025, then soared by 59.94% to $738.6 billion in 2026.
• The last three Invested Capital figures came in at $738.6 billion (Q2 2026), $556.2 billion (Q1 2026), and $461.8 billion (Q4 2025), per Business Quant data.