Alphabet annual net debt
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2025
Alphabet Net Debt Growth & History (GOOGL)
Alphabet's net debt was $36.29B for fiscal 2025.
View full Alphabet company overviewAlphabet annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $36.29B | $29.32B | +420.57% |
| 2024 | 2024-12-31 | $6.97B | $1.23B | +21.47% |
| 2023 | 2023-12-31 | $5.74B | −$2.50B | −30.36% |
| 2022 | 2022-12-31 | $8.24B | $522.0M | +6.76% |
| 2021 | 2021-12-31 | $7.72B | $6.14B | +389.78% |
| 2020 | 2020-12-31 | $1.58B | $3.90B | — |
| 2019 | 2019-12-31 | −$2.33B | $10.36B | — |
| 2018 | 2018-12-31 | −$12.69B | −$5.94B | — |
| 2017 | 2017-12-31 | −$6.75B | $2.24B | — |
| 2016 | 2016-12-31 | −$8.98B | $2.12B | — |
| 2015 | 2015-12-31 | −$11.10B | $2.00B | — |
| 2014 | 2014-12-31 | −$13.10B | — | — |
Alphabet quarterly net debt
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Q3.15
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Q4.16
Q1.17
Q2.17
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Q4.17
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Q3.18
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Q1.19
Q2.19
Q3.19
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Q3.20
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Q3.23
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Q2.25
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Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $64.88B | $41.25B | +174.54% |
| Q1 2026 | 2026-03-31 | $59.81B | $52.08B | +673.35% |
| Q4 2025 | 2025-12-31 | $36.29B | $29.32B | +420.57% |
| Q3 2025 | 2025-09-30 | $21.11B | $10.65B | +101.94% |
| Q2 2025 | 2025-06-30 | $23.63B | $22.01B | +1360.57% |
| Q1 2025 | 2025-03-31 | $7.73B | $3.72B | +92.87% |
| Q4 2024 | 2024-12-31 | $6.97B | $1.23B | +21.47% |
| Q3 2024 | 2024-09-30 | $10.45B | $10.57B | — |
| Q2 2024 | 2024-06-30 | $1.62B | −$3.02B | −65.12% |
| Q1 2024 | 2024-03-31 | $4.01B | −$698.0M | −14.83% |
| Q4 2023 | 2023-12-31 | $5.74B | −$2.50B | −30.36% |
| Q3 2023 | 2023-09-30 | −$123.0M | −$7.62B | — |
| Q2 2023 | 2023-06-30 | $4.64B | −$6.38B | −57.92% |
| Q1 2023 | 2023-03-31 | $4.71B | −$3.16B | −40.17% |
| Q4 2022 | 2022-12-31 | $8.24B | $522.0M | +6.76% |
| Q3 2022 | 2022-09-30 | $7.50B | $2.95B | +64.83% |
| Q2 2022 | 2022-06-30 | $11.02B | $6.39B | +137.89% |
| Q1 2022 | 2022-03-31 | $7.87B | $6.08B | +339.61% |
| Q4 2021 | 2021-12-31 | $7.72B | $6.14B | +389.78% |
| Q3 2021 | 2021-09-30 | $4.55B | −$3.04B | −40.03% |
| Q2 2021 | 2021-06-30 | $4.63B | $4.98B | — |
| Q1 2021 | 2021-03-31 | $1.79B | $4.53B | — |
| Q4 2020 | 2020-12-31 | $1.58B | $3.90B | — |
| Q3 2020 | 2020-09-30 | $7.59B | $8.74B | — |
| Q2 2020 | 2020-06-30 | −$347.0M | $2.01B | — |
| Q1 2020 | 2020-03-31 | −$2.74B | $2.99B | — |
| Q4 2019 | 2019-12-31 | −$2.33B | $10.36B | — |
| Q3 2019 | 2019-09-30 | −$1.16B | $8.30B | — |
| Q2 2019 | 2019-06-30 | −$2.36B | $7.81B | — |
| Q1 2019 | 2019-03-31 | −$5.73B | $1.65B | — |
| Q4 2018 | 2018-12-31 | −$12.69B | −$5.94B | — |
| Q3 2018 | 2018-09-30 | −$9.46B | −$2.84B | — |
| Q2 2018 | 2018-06-30 | −$10.17B | $1.59B | — |
| Q1 2018 | 2018-03-31 | −$7.38B | $6.81B | — |
| Q4 2017 | 2017-12-31 | −$6.75B | $2.24B | — |
| Q3 2017 | 2017-09-30 | −$6.62B | −$1.15B | — |
| Q2 2017 | 2017-06-30 | −$11.76B | −$2.55B | — |
| Q1 2017 | 2017-03-31 | −$14.20B | −$4.51B | — |
| Q4 2016 | 2016-12-31 | −$8.98B | $2.12B | — |
| Q3 2016 | 2016-09-30 | −$5.47B | $7.13B | — |
| Q2 2016 | 2016-06-30 | −$9.20B | — | — |
| Q1 2016 | 2016-03-31 | −$9.68B | — | — |
| Q4 2015 | 2015-12-31 | −$11.10B | $2.00B | — |
| Q3 2015 | 2015-09-30 | −$12.60B | — | — |
| Q4 2014 | 2014-12-31 | −$13.10B | — | — |
Alphabet net debt trends
Over the last five fiscal years, Alphabet's net debt increased from $1.58B to $36.29B, a change of $34.71B. The latest reported quarter, Q2 2026, shows $64.88B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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