Alphabet Inc. (GOOGL) Operating Leases (2019 - 2026)

Alphabet (GOOGL) 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 GOOGL'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 GOOGL's Operating Leases at $18.0 billion in Q2 2026, $16.2 billion in Q1 2026, and $16.0 billion in Q4 2025.