Alphabet (GOOGL) Invested Capital (2014 - 2026)

Alphabet has disclosed Invested Capital across 13 years of filings, most recently posting $478.7 billion for Q1 2026.

• In Q1 2026, Invested Capital rose 38.66% year-over-year to $478.7 billion; the TTM figure through Mar 2026 stood at $478.7 billion (up 38.66% YoY), while the FY2025 annual figure was $464.4 billion, up 37.75% from the prior year.
• Invested Capital advanced to $478.7 billion in Q1 2026, from $464.4 billion in the prior quarter.
• Over the last five years, Invested Capital for GOOGL reached as high as $478.7 billion in Q1 2026 and fell as low as $253.6 billion in Q3 2022.
• The 5-year median for Invested Capital is $296.4 billion (2023), against an average of $318.5 billion.
• Annual changes were most pronounced in 2022 — Invested Capital increased 1.64% — and 2026, when it jumped 38.66%.
• A 5-year view of Invested Capital shows it stood at $271.5 billion in 2022, then grew by 9.18% to $296.4 billion in 2023, then grew by 13.73% to $337.1 billion in 2024, then jumped by 37.75% to $464.4 billion in 2025, then climbed by 3.1% to $478.7 billion in 2026.
• According to Business Quant data, Invested Capital over the past three periods registered $478.7 billion, $464.4 billion, and $386.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.