Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

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Mar 31, 2026 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
Accrued compensation and benefits
Accrued expenses and other current liabilities
Accrued revenue share
Deferred revenue
Current liabilities
Long-term debt, excluding current portion
Income taxes payable, non-current
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
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
Accumulated other comprehensive income (loss)
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The financial structure demonstrates a long-term period of stability followed by a notable shift in the leverage profile toward the end of the observed period. For much of the timeframe, total liabilities remained relatively constant, fluctuating between 27% and 31% of total liabilities and stockholders’ equity. However, a distinct increase in long-term obligations is evident in the final quarters, coinciding with a corresponding decrease in the proportion of equity financing.

Long-Term Debt and Leverage
A significant trend is observed in long-term debt, excluding the current portion. This item remained stable between 3.2% and 4.3% from March 2021 through December 2022, before declining to a low of 2.29% by March 2023. A sharp reversal occurred starting in mid-2025, with the ratio climbing from 4.70% in June 2025 to 11.01% by March 2026. This represents a substantial increase in the company's long-term debt burden relative to its total capital structure.
Current Liabilities and Operational Obligations
Current liabilities exhibited moderate volatility, peaking at 21.75% in September 2023 before trending downward to 15.80% by March 2026. The most significant contributor within this category is accrued expenses and other current liabilities, which fluctuated between 8.92% and 14.02%. Accrued compensation and benefits showed a cyclical pattern, generally peaking in December of each year and dipping in the first quarter. Accrued revenue share and deferred revenue remained relatively stable, typically accounting for less than 2.5% and 1.2% of the total balance sheet, respectively.
Stockholders' Equity and Retained Earnings
Stockholders' equity maintained a dominant position, generally exceeding 70% of the total balance sheet for the majority of the period. Retained earnings served as the primary driver of this equity, consistently representing over 50% of the total liabilities and stockholders' equity. However, a downward trend in total equity emerged in late 2025, falling from 72.11% in September 2025 to 68.01% by March 2026. This decline is partly attributed to a reduction in the proportion of Class A, B, and C stock and additional paid-in capital, which decreased from a peak of 19.22% in June 2022 to 13.77% by March 2026.
Other Long-Term Obligations
Long-term operating lease liabilities showed a steady downward trajectory, decreasing from 3.48% in March 2021 to 1.84% in March 2026. Similarly, non-current income taxes payable gradually declined from 2.84% to 1.77% over the same period. Other long-term liabilities remained a minor component, though a slight increase was noted in the final quarters, reaching 1.57% by March 2026.