GOOGL · 10-Q · 2026Q1 · Full report

Capital Expenditures and Leases

Alphabet Inc. · 2026-04-30 · Importance 89 · Surprise 82 · No source text

Capital expenditures were $35.7 billion for the three months ended March 31, 2026, up from $17.2 billion in the prior-year quarter, primarily for technical infrastructure including servers, network equipment, and data centers. Depreciation on property and equipment increased to $6.5 billion for the three months ended March 31, 2026, reflecting assets placed in service. As of March 31, 2026, total undiscounted future lease payments under operating and finance leases were $18.8 billion and $2.6 billion, respectively, and Alphabet has entered into future leases (primarily data centers) with future payments of $75.6 billion that will commence between 2026 and 2031. The company expects significantly increased investment in technical infrastructure in 2026 relative to 2025.

Key facts

• Net cash used in investing activities was $(63,389) million for the three months ended March 31, 2026. source
• Capital expenditures were $35.7 billion for the three months ended March 31, 2026. source
• As of March 31, 2026, total undiscounted future lease payments under operating and finance leases was $18.8 billion and $2.6 billion, respectively. source

Impact estimates