Alphabet (GOOGL) Operating Leases (2019 - 2026)
Alphabet (GOOGL) reported Operating Leases of $14.59 billion for Q2 2026, up 22.1% from $11.95 billion a year earlier and up 12.4% from the prior quarter.
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Analysis
Alphabet (GOOGL) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Alphabet posted Operating Leases of $12.74 billion, up 9.0% from FY2024.
- Operating Leases has a five-year compound annual growth rate of 2.7% (FY2020 to FY2025).
- By year, Operating Leases came in at $11.69 billion in FY2024 (-6.2%), $12.46 billion in FY2023 (-0.3%), $12.5 billion in FY2022 (+9.8%) and $11.39 billion in FY2021 (+2.2%).
- The Q2 2026 figure ranks as the highest quarterly Operating Leases in data going back to Q1 2019.
- Year over year, Operating Leases has now increased in each of the last five quarters, with growth averaging 4.1% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was Q2 2026 (growth of 22.1%); the low point was Q2 2024 (a decline of 8.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $12.98 billion (Q1 2026), $12.74 billion (Q4 2025) and $12.11 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn |
| 10 | Airbnb | 95.83 Bn | 49.06 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.59 Bn |
| Mar 31, 2026 | 12.98 Bn |
| Dec 31, 2025 | 12.74 Bn |
| Sep 30, 2025 | 12.11 Bn |
| Jun 30, 2025 | 11.95 Bn |
| Mar 31, 2025 | 11.68 Bn |
| Dec 31, 2024 | 11.69 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 |
API Access
Alphabet Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=GOOGL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "GOOGL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=GOOGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();