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Alphabet Inc. GOOGL Invested capital

Discontinued — last reported Q2 '26

Invested capital at other companies

Oneok logo
OneokOKE
8.6%-0.2pp
Rithm Capital logo
Rithm CapitalRITM
3.2%0.0pp
Citigroup logo
CitigroupC
32.6%+2.0pp
Morgan Stanley logo
Morgan StanleyMS
16.9%+0.4pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
20.5%-0.7pp
American Express logo
American ExpressAXP
49.1%-10.0pp

Other financials

Income statement

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Revenue$119.80B+24.2%
Gross profit$73.9B+28.7%
Operating income$40.8B+30.4%
Net income$112.19B+298%
EPS (diluted)$9.11+294%

Balance sheet

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Cash & equivalents$55.9B+166%
Total debt$120.79B+190%
Total equity$640.48B+76.5%
Total assets$921.98B+83.6%

Cash flow

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Operating cash flow$39.1B+40.8%
CapEx$44.9B+100%
Free cash flow$10.1B-46.6%

Valuation

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Market cap$4.36T+84.2%
Enterprise value$4.43T+85.4%
P/E17.9×-2.6×
P/S9.8×+3.4×

Profitability

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Gross margin60.9%+2.0pp
Operating margin33.1%+0.4pp
Net margin54.8%+23.7pp
FCF margin15.2%-5.6pp

Returns & leverage

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Return on equity48.7%+13.8pp
Debt / equity0.2×+0.1×
Current ratio2.7×+0.8×

Where this comes from

Calculated from Alphabet Inc.’s reported figures.

The source filing: Alphabet Inc.’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 22, 2026, 9:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001652044-26-000071

FAQ

What is Alphabet Inc.'s invested capital?
Alphabet Inc. (GOOGL) reported invested capital of $705.36B in Q2 2026.
How has Alphabet Inc.'s invested capital changed year-over-year?
Alphabet Inc.'s invested capital increased by 83.9% year-over-year, from $383.55B to $705.36B.
What is the long-term trend for Alphabet Inc.'s invested capital?
Over 5 years (2020 to 2025), Alphabet Inc.'s invested capital has grown at a 16.4% compound annual growth rate (CAGR), from $211.12B to $451.55B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

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