GOOGL · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

Alphabet Inc. · 2026-07-23 · Importance 64 · Surprise 56 · In source text

Alphabet held $242.5 billion in cash, cash equivalents, and short-term marketable securities as of June 30, 2026. Operating cash flow increased to $84.9 billion for the first six months from $63.9 billion in the prior-year period, reflecting higher customer cash receipts partly offset by higher operating payments. Investing cash use increased to $145.8 billion, primarily because of technical infrastructure property purchases, marketable securities purchases, and acquisitions. Alphabet stated that cash, securities, operating cash flow, and financing activities should fund operating and capital commitments for at least the next 12 months.

Key facts

• In July 2026, the Board declared a quarterly cash dividend of $12.15 per share on each Series A and Series B mandatory convertible preferred stock (equivalent to approximately $0.60 per depositary share) and $0.22 per share on Class A, Class B, and Class C; the preferred dividend is payable on August 15, 2026 and the common dividend is payable on September 14, 2026. source
• As of June 30, 2026, we had $242.5 billion in cash, cash equivalents, and short-term marketable securities. source
• Operating cash flow was $39.1 billion for the three months ended June 30, 2026. source
• Net cash provided by operating activities was $84,859 million for the six months ended June 30, 2026. source
• Net cash used in investing activities was $(145,822) million for the six months ended June 30, 2026. source
• In April 2026, the Board declared a quarterly cash dividend of $0.22 per share, a 5% increase from the prior quarterly dividend of $0.21 per share. source
• We expect existing cash, cash equivalents, short-term marketable securities, and cash flows to be sufficient to fund operating activities and cash commitments for at least the next 12 months and thereafter for the foreseeable future. source
• In the three and six months ended June 30, 2026, total cash dividends on common stock were $1.3 billion and $2.5 billion for Class A, $184 million and $359 million for Class B, and $1.2 billion and $2.4 billion for Class C shares, respectively. source

Impact estimates