Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Alphabet Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Accounts payable	12,200)	10,546)	8,347)	8,497)	7,987)	7,049)	6,092)	6,198)	7,493)	5,803)	5,313)	4,184)	5,128)	6,303)	4,409)	3,436)	6,037)	4,616)	4,708)	4,801)
Accrued compensation and benefits	17,546)	13,944)	12,168)	9,984)	15,069)	12,908)	11,373)	9,703)	15,140)	12,562)	11,260)	9,954)	14,028)	12,366)	10,852)	9,803)	13,889)	12,170)	10,088)	8,375)
Accrued expenses and other current liabilities	55,557)	59,437)	52,039)	58,300)	51,228)	46,585)	47,298)	48,603)	46,168)	55,602)	49,300)	43,185)	37,866)	36,063)	34,932)	37,395)	32,044)	34,283)	30,792)	32,625)
Accrued revenue share	10,864)	10,081)	9,787)	9,965)	9,802)	9,365)	8,899)	8,520)	8,876)	8,025)	7,990)	7,816)	8,370)	7,662)	7,889)	8,116)	8,996)	7,745)	7,438)	6,962)
Deferred revenue	6,578)	5,542)	4,969)	4,908)	5,036)	4,896)	4,251)	3,973)	4,137)	4,303)	3,846)	3,715)	3,908)	3,585)	3,272)	3,198)	3,288)	2,968)	2,715)	2,690)
Current liabilities	102,745)	99,550)	87,310)	91,654)	89,122)	80,803)	77,913)	76,997)	81,814)	86,295)	77,709)	68,854)	69,300)	65,979)	61,354)	61,948)	64,254)	61,782)	55,741)	55,453)
Long-term debt, excluding current portion	46,547)	21,607)	23,607)	10,886)	10,883)	12,297)	13,238)	13,228)	13,253)	13,781)	13,705)	13,697)	14,701)	14,653)	14,734)	14,791)	14,817)	14,288)	14,328)	13,887)
Income taxes payable, non-current	9,531)	10,072)	10,027)	9,773)	8,782)	8,219)	7,703)	9,234)	8,474)	8,038)	8,753)	9,722)	9,258)	8,572)	8,163)	9,406)	9,176)	8,984)	8,651)	9,278)
Long-term operating lease liabilities	12,744)	12,106)	11,952)	11,678)	11,691)	11,654)	11,708)	11,957)	12,460)	12,550)	12,746)	12,799)	12,501)	11,984)	11,697)	11,363)	11,389)	11,471)	11,619)	11,382)
Other long-term liabilities	8,449)	6,267)	6,241)	6,116)	4,694)	3,174)	3,455)	3,090)	3,012)	2,845)	2,990)	3,525)	3,360)	3,441)	3,818)	5,584)	7,997)	6,311)	7,483)	7,082)
Long-term liabilities	77,271)	50,052)	51,827)	38,453)	36,050)	35,344)	36,104)	37,509)	37,199)	37,214)	38,194)	39,743)	39,820)	38,650)	38,412)	41,144)	43,379)	41,054)	42,081)	41,629)
Total liabilities	180,016)	149,602)	139,137)	130,107)	125,172)	116,147)	114,017)	114,506)	119,013)	123,509)	115,903)	108,597)	109,120)	104,629)	99,766)	103,092)	107,633)	102,836)	97,822)	97,082)
Preferred stock, $0.001 par value per share; no shares issued and outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Class A, Class B, and Class C stock and additional paid-in capital, $0.001 par value per share	93,126)	91,695)	89,283)	86,725)	84,800)	82,030)	79,732)	77,913)	76,534)	74,591)	72,248)	70,269)	68,184)	66,258)	64,402)	62,832)	61,774)	61,193)	60,436)	59,436)
Accumulated other comprehensive income (loss)	(1,916)	(2,054)	(2,127)	(4,086)	(4,800)	(3,228)	(5,012)	(4,839)	(4,402)	(7,036)	(5,991)	(6,000)	(7,603)	(8,852)	(5,828)	(4,049)	(1,623)	(408)	190)	(3)
Retained earnings	324,055)	297,226)	275,760)	262,628)	245,084)	235,317)	226,033)	219,770)	211,247)	205,647)	200,884)	196,625)	195,563)	196,220)	196,845)	195,221)	191,484)	183,782)	176,939)	170,580)
Stockholders’ equity	415,265)	386,867)	362,916)	345,267)	325,084)	314,119)	300,753)	292,844)	283,379)	273,202)	267,141)	260,894)	256,144)	253,626)	255,419)	254,004)	251,635)	244,567)	237,565)	230,013)
Total liabilities and stockholders’ equity	595,281)	536,469)	502,053)	475,374)	450,256)	430,266)	414,770)	407,350)	402,392)	396,711)	383,044)	369,491)	365,264)	358,255)	355,185)	357,096)	359,268)	347,403)	335,387)	327,095)

An examination of the provided financial information reveals trends in liabilities and stockholders’ equity over a multi-year period. Overall, total liabilities and stockholders’ equity demonstrate a general upward trajectory, though with some fluctuations. A more detailed analysis of specific liability and equity components follows.

Current Liabilities: Current liabilities exhibited an increasing trend from March 2021 through September 2023, rising from US$55,453 million to US$86,295 million. A subsequent decrease was observed in December 2023 (US$81,814 million) and continued into June 2025 (US$102,745 million), indicating potential shifts in short-term financing or operational cycles. Accounts payable, a significant component of current liabilities, showed a consistent increase over the period, reaching US$12,200 million in December 2025, up from US$4,801 million in March 2021. Accrued compensation and benefits also increased substantially, reaching US$17,546 million in September 2025, compared to US$8,375 million in March 2021. Accrued expenses and other current liabilities represent the largest portion of current liabilities and fluctuated between US$30,792 million and US$59,437 million over the period.
Long-Term Liabilities: Long-term liabilities generally remained stable between March 2021 and December 2022, fluctuating around US$40-43 billion. A notable decrease occurred in the first half of 2023, falling to US$38,194 million in June 2023. However, these liabilities increased significantly in the latter half of 2024 and into 2025, reaching US$77,271 million in December 2025. This increase was largely driven by a substantial rise in long-term debt, excluding the current portion, which increased from US$13,705 million in June 2023 to US$46,547 million in December 2025. Long-term operating lease liabilities remained relatively consistent, fluctuating between US$11,654 million and US$12,744 million.
Stockholders’ Equity: Stockholders’ equity demonstrated a consistent upward trend throughout the observed period, increasing from US$230,013 million in March 2021 to US$415,265 million in December 2025. The primary driver of this growth was retained earnings, which increased from US$170,580 million to US$324,055 million. Class A, Class B, and Class C stock and additional paid-in capital also contributed to the increase, rising from US$59,436 million to US$93,126 million. Accumulated other comprehensive income (loss) remained relatively small in magnitude and generally negative, fluctuating between -US$4,839 million and -US$1,916 million.
Total Liabilities and Stockholders’ Equity: The combined effect of the trends in liabilities and equity resulted in an overall increase in total liabilities and stockholders’ equity, rising from US$327,095 million in March 2021 to US$595,281 million in December 2025. The most significant increase occurred between September 2024 and December 2025, coinciding with the substantial increase in long-term debt and continued growth in stockholders’ equity.

In summary, the company experienced growth in both liabilities and equity over the analyzed period. The increase in liabilities, particularly long-term debt in the later periods, warrants further investigation to understand the financing strategies employed. The consistent growth in stockholders’ equity, driven by retained earnings, suggests overall profitability and value creation.

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Alphabet Inc. (NASDAQ:GOOG)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data