GOOGL · 10-Q · 2026Q1 · Full report
Outstanding Indebtedness
Alphabet Inc. · 2026-04-30 · Importance 63 · Surprise 42 · Contradicted
As of March 31, 2026, Alphabet had senior unsecured notes outstanding with a total carrying value of $79.1 billion. During Q1 2026 the company issued fixed-rate senior unsecured notes for net proceeds of $31.1 billion consisting of $20.0 billion USD-denominated notes (weighted-average coupon 4.80%, ~15-year weighted-average maturity), £5.5 billion Sterling-denominated notes (weighted-average coupon 5.31%, ~31-year maturity), and CHF3.1 billion Swiss Franc-denominated notes (weighted-average coupon 1.06%, ~10-year maturity). Alphabet also had $11.7 billion of credit facilities (of which $1.2 billion was outstanding) and an unused commercial paper program capacity of $25.0 billion. The filing discloses interest rate notes and references Note 6 for further information.
Key facts
- During Q1 2026, Alphabet issued $20.0 billion of US dollar-denominated fixed-rate senior unsecured notes with a weighted-average coupon rate of 4.80% and a weighted-average maturity of 15 years. source
- During Q1 2026, Alphabet issued £5.5 billion Sterling-denominated fixed-rate senior unsecured notes with a weighted-average coupon rate of 5.31% and a weighted-average maturity of 31 years. source
- As of March 31, 2026, Alphabet had senior unsecured notes outstanding with a total carrying value of $79.1 billion. source
- As of March 31, 2026, Alphabet had $11.7 billion of credit facilities expiring through April 2030, of which $1.2 billion was outstanding and bore interest at SOFR plus 1.5% to 2.25%. source
- Alphabet has a commercial paper program of up to $25.0 billion and had no commercial paper outstanding as of March 31, 2026. source
- During Q1 2026, Alphabet issued CHF3.1 billion Swiss Franc-denominated fixed-rate senior unsecured notes with a weighted-average coupon rate of 1.06% and a weighted-average maturity of 10 years. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -11.2% | As of March 31, 2026, Alphabet had senior unsecured notes outstanding with a total carrying value of $79.1 billion. |
| liability | negative | realized | -2.8% | During Q1 2026, Alphabet issued $20.0 billion of US dollar-denominated fixed-rate senior unsecured notes with a weighted-average coupon… |
| liability | negative | realized | -0.2% | As of March 31, 2026, Alphabet had $11.7 billion of credit facilities expiring through April 2030, of which $1.2 billion was outstanding… |
| liability | negative | realized | — | During Q1 2026, Alphabet issued £5.5 billion Sterling-denominated fixed-rate senior unsecured notes with a weighted-average coupon rate of… |