Observatory / AI infrastructure
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RESEARCH ARCHIVEPrimary data and report excerpts are labeled separately. Incomplete history stays incomplete.About the data
Overview/AI infrastructure
AI INFRASTRUCTURE

AI infrastructure

Is investment translating into revenue and cash returns?

31 indicators
Theme assessmentSTRESSEDClarify end demand. Upstream revenue holds.Source note ·

The source retained STRESSED. Annualized revenue and adjusted estimates are not directly comparable; TSMC consolidated revenue is not AI-only revenue.

01Capital spending
02Deployment
03Revenue
04Cash returns

A framework for observation; evidence is needed at each step.

The daily report’s five-layer model

Report evidence
01

Demand / ROI

CapEx guidance and spending, AI / cloud revenue, OCF / FCF, utilization and delays / cancellations

Reading report evidence…

Four hyperscalers: cash capex ↗OpenAI annualized revenue ↗
Coverage boundary

Actual capex and reported revenue are supporting evidence. Guidance, utilization and delays / cancellations still require report evidence.

02

Architecture

GPU / ASIC, network architecture, 800G→1.6T→CPO, HBM, power / cooling; assessed from events

Reading report evidence…

Qualitative evidence / awaiting a comparable series
Coverage boundary

Uses architecture events documented in reports; no synthetic architecture index.

03

Content / Compute

Bandwidth, optics, HBM, PCB / CCL, rack power and cooling content per unit of compute

Reading report evidence…

Qualitative evidence / awaiting a comparable series
Coverage boundary

Checks component and power changes per unit of compute; a uniform comparable numeric series is not yet available.

04

Supplier Capture

Design wins, share, backlog, book-to-bill, lead time, ASP and production; revenue and capacity are supporting evidence

Reading report evidence…

TSMC consolidated monthly revenue ↗Advanced packaging capacity ↗
Coverage boundary

Revenue is not share; planned capacity is not production. Orders, backlog and ASP lack a complete history.

05

Profit Quality

Margins, OCF / FCF, inventory, receivables, cash conversion and purchase commitments; financing: debt, maturities, finance leases and cash buffer

Reading report evidence…

Samsung operating cash flow / revenue ↗Microsoft · Long-term debt incl. current portion ↗Microsoft · Current portion of long-term debt ↗Microsoft · Finance lease liabilities ↗Microsoft · Cash and short-term investments ↗
More supporting indicators (22)
Amazon · Noncurrent long-term debt ↗Amazon · Current long-term debt ↗Amazon · Cash and cash equivalents ↗Amazon · Finance lease liabilities ↗Amazon · Operating lease liabilities ↗Alphabet · Noncurrent long-term debt ↗Alphabet · Current long-term debt ↗Alphabet · Cash and short-term investments ↗Alphabet · Finance lease liabilities ↗Alphabet · Operating lease liabilities ↗Meta · Noncurrent long-term debt ↗Meta · Cash and cash equivalents ↗Meta · Current operating lease liabilities ↗Meta · Noncurrent operating lease liabilities ↗Microsoft operating cash flow ↗Microsoft cash after capex (OCF minus cash CapEx) ↗Amazon operating cash flow ↗Amazon cash after capex (OCF minus cash CapEx) ↗Alphabet operating cash flow ↗Alphabet cash after capex (OCF minus cash CapEx) ↗Meta operating cash flow ↗Meta cash after capex (OCF minus cash CapEx) ↗
Coverage boundary

Partial balance sheets, quarterly OCF and OCF minus cash CapEx cover four companies; the residual is a uniform cash-flow proxy. Margins, inventory, AI-project leverage, interest coverage and DSCR remain incomplete.

NORMAL / STRESSED / CASCADE / RECOVERY · Model residual · Falsification; partial financing balances cover Microsoft, Amazon, Alphabet and Meta. Leverage ratios, other companies, project debt, interest coverage, DSCR and vendor financing remain incomplete

The charts below cover the linked numeric series. Other checkpoints remain report evidence; a linked chart alone does not confirm an entire module.

Reading the latest cloud report…

Key trends

Independent scales · Changes vs. prior observation
Latest observations29 primary verified1 report excerpts1 awaiting data

01Demand / ROI

2 charts

CapEx guidance and spending, AI / cloud revenue, OCF / FCF, utilization and delays / cancellations

Is monetization keeping pace?

OpenAI annualized revenue · Irregular

Report excerpt · Unverified
500USD 100m
Insufficient observations

History: 1 observations · Limited history; no trend verdict

Annualized revenue as defined in the source; not comparable to adjusted estimates, quarterly recognized revenue or other companies.

As of: 2026-10-08 · Report excerpt · UnverifiedSource named in report: Company disclosures
View data table (last 24 observations)
PeriodValue (USD 100m)Type
2026-10-08500Estimate
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-10-08 · Recorded 2026-10-09 · Read source summary
    最新报告口径年化收入 | ~$50B

    Annualized revenue, not recognized quarterly revenue.

Is investment still expanding?

Four hyperscalers: cash capex · Quarterly

Calculated from primary data
1,650.5USD 100m
+353 USD 100m vs. prior period Last 3 average above prior 3
Microsoft358.02 USD 100m21.7%
Amazon542.08 USD 100m32.8%
Alphabet449.24 USD 100m27.2%
Meta301.16 USD 100m18.2%

History: 6 observations · Local history available

Consolidated cash purchases of property and equipment by Microsoft, Amazon, Alphabet and Meta, aligned to calendar quarters. Excludes finance-lease additions and principal repayments; asset-sale proceeds and incentives are not deducted. Includes non-cloud and non-AI businesses.

As of: 2026-06-30 · Calculated from primary dataPrimary source: SEC company filings · locally aggregated
View data table (last 24 observations)
PeriodValue (USD 100m)Type
2026-06-301,650.5Calculated value
2026-03-311,297.5Calculated value
2025-12-311,186.32Calculated value
2025-09-30972.71Calculated value
2025-06-30882.46Calculated value
2025-03-31719.02Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

04Supplier Capture

2 charts

Design wins, share, backlog, book-to-bill, lead time, ASP and production; revenue and capacity are supporting evidence

Is spending reaching suppliers?

TSMC consolidated monthly revenue · Monthly

Verified primary source
5,118.57TWD 100m
-29.49 TWD 100m vs. prior period Last 3 average above prior 3

History: 9 observations · Local history available

TSMC consolidated monthly revenue includes non-AI business. Values are normalized to TWD 100m.

As of: 2026-09-30 · Verified primary sourcePrimary source: TSMC
View data table (last 24 observations)
PeriodValue (TWD 100m)Type
2026-09-305,118.57Primary source value
2026-08-315,148.06Primary source value
2026-07-314,675.8Primary source value
2026-06-304,426.8Primary source value
2026-05-314,169.75Primary source value
2026-04-304,107.26Primary source value
2026-03-314,151.91Primary source value
2026-02-283,176.57Primary source value
2026-01-314,012.55Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-09-30 · Verified on 2026-10-09 · TSMC

    Official TWD millions are divided by 100 to obtain TWD 100m. Consolidated revenue; 2026 figures are unaudited.

  • 2026-08-31 · Verified on 2026-10-09 · TSMC

    Official TWD millions are divided by 100 to obtain TWD 100m. Consolidated revenue; 2026 figures are unaudited.

  • 2026-07-31 · Verified on 2026-10-09 · TSMC

    Official TWD millions are divided by 100 to obtain TWD 100m. Consolidated revenue; 2026 figures are unaudited.

  • 2026-06-30 · Verified on 2026-10-09 · TSMC

    Official TWD millions are divided by 100 to obtain TWD 100m. Consolidated revenue; 2026 figures are unaudited.

  • 2026-05-31 · Verified on 2026-10-09 · TSMC

    Official TWD millions are divided by 100 to obtain TWD 100m. Consolidated revenue; 2026 figures are unaudited.

  • 2026-04-30 · Verified on 2026-10-09 · TSMC

    Official TWD millions are divided by 100 to obtain TWD 100m. Consolidated revenue; 2026 figures are unaudited.

  • 2026-03-31 · Verified on 2026-10-09 · TSMC

    Official TWD millions are divided by 100 to obtain TWD 100m. Consolidated revenue; 2026 figures are unaudited.

  • 2026-02-28 · Verified on 2026-10-09 · TSMC

    Official TWD millions are divided by 100 to obtain TWD 100m. Consolidated revenue; 2026 figures are unaudited.

  • 2026-01-31 · Verified on 2026-10-09 · TSMC

    Official TWD millions are divided by 100 to obtain TWD 100m. Consolidated revenue; 2026 figures are unaudited.

Is delivery capacity expanding?

Advanced packaging capacity · Quarterly

Awaiting data
No dataindex
Insufficient observations

CoWoS capacity outlook

Industry research

TSMC · year-end capacity · thousand wafers/month

Historical research figuresForecast (E)

Historical figures and forecasts reproduced as a research reference from GMM’s presentation, citing company data and Morgan Stanley Research. These are not TSMC-reported actual capacity, quarterly observations, or an index. Forecasts remain forecasts after their target date.

GMM investor conference · p. 4; Company data, Morgan Stanley Research

Published · 2026-08-12 · Reviewed · 2026-10-09

View reference values
YearThousand wafers/monthType
202313Historical research figure
202432Historical research figure
202570Historical research figure
2026120Forecast
2027200Forecast

Company disclosures

Dated plans and assessments; not measured capacity.

  1. Management assessment

    Backend capacity remains constrained

    Management described a continuing backend capacity shortage and a widening gap. This assessment is not a monthly CoWoS capacity figure or a quarterly capacity index.

    TSMC 2Q26 earnings call · p. 17
  2. Expansion plan

    Plan to double CoWoS capacity in 2025

    The company said it was working to double CoWoS capacity in 2025. This records a target at that date, not its completion, and provides no absolute base for a quarterly index.

    TSMC 1Q25 earnings call · p. 5

Sources reviewed · 2026-10-09

History: 0 observations · Awaiting data

Expansion plans, management assessments and commissioned capacity are tracked separately. Comparable quarterly capacity and an index base are not yet available, so no index is calculated. Supply-agreement values cannot substitute for capacity.

As of: No data · Awaiting dataPlanned source:TSMC quarterly disclosures

05Profit Quality

1 charts

Margins, OCF / FCF, inventory, receivables, cash conversion and purchase commitments; financing: debt, maturities, finance leases and cash buffer

Does Samsung revenue convert into cash?

Samsung operating cash flow / revenue · Quarterly

Calculated from primary data
61.27%
+31.19 pp vs. prior period Last 3 average above prior 3

History: 6 observations · Local history available

Samsung consolidated: quarterly net operating cash flow divided by quarterly revenue, multiplied by 100%. Quarterly amounts are differences between consecutive same-year YTD totals. This is neither a free cash flow margin nor a pure AI return measure.

As of: 2026-06-30 · Calculated from primary dataPrimary source: Samsung consolidated financial statements
View data table (last 24 observations)
PeriodValue (%)Type
2026-06-3061.27Calculated value
2026-03-3130.08Calculated value
2025-12-3130.69Calculated value
2025-09-3026.23Calculated value
2025-06-3023.28Calculated value
2025-03-3120.95Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

Operating cash & cash after capex

Calendar quarters · consolidated

Compare operating cash with cash capital purchases for each company. The residual is OCF minus cash CapEx, a uniform proxy rather than management-defined FCF. It excludes asset-sale additions and finance-lease principal deductions. Negative values remain visible; these consolidated flows do not establish AI-project ROI or debt-service capacity.

Microsoft

OCF · OCF−cash CapEx

Is operating activity generating more cash?

Microsoft operating cash flow · Quarterly

Calculated from primary data
55.441Billion USD
+8.762 Billion USD vs. prior period Last 3 average above prior 3

History: 6 observations · Local history available

Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

As of: 2026-06-30 · Calculated from primary dataPrimary source: SEC · Microsoft
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3055.441Calculated value
2026-03-3146.679Calculated value
2025-12-3135.758Calculated value
2025-09-3045.057Calculated value
2025-06-3042.647Calculated value
2025-03-3137.044Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-10 · SEC · Microsoft

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 55.441 USD billions · 2026-04-01 – 2026-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 55.441 USD billions · Later fiscal total less earlier total
    2025-07-01 – 2026-03-31: 127.494 USD billions · Filed 2026-04-29
    2025-07-01 – 2026-06-30: 182.935 USD billions · Filed 2026-07-29

  • 2026-03-31 · Verified on 2026-10-10 · SEC · Microsoft

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 46.679 USD billions · 2026-01-01 – 2026-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 46.679 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 46.679 USD billions · Filed 2026-04-29

  • 2025-12-31 · Verified on 2026-10-10 · SEC · Microsoft

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 35.758 USD billions · 2025-10-01 – 2025-12-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 35.758 USD billions · Reported quarter
    2025-10-01 – 2025-12-31: 35.758 USD billions · Filed 2026-01-28

  • 2025-09-30 · Verified on 2026-10-10 · SEC · Microsoft

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 45.057 USD billions · 2025-07-01 – 2025-09-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 45.057 USD billions · Reported quarter
    2025-07-01 – 2025-09-30: 45.057 USD billions · Filed 2025-10-29

  • 2025-06-30 · Verified on 2026-10-10 · SEC · Microsoft

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 42.647 USD billions · 2025-04-01 – 2025-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 42.647 USD billions · Later fiscal total less earlier total
    2024-07-01 – 2025-03-31: 93.515 USD billions · Filed 2026-04-29
    2024-07-01 – 2025-06-30: 136.162 USD billions · Filed 2026-07-29

  • 2025-03-31 · Verified on 2026-10-10 · SEC · Microsoft

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 37.044 USD billions · 2025-01-01 – 2025-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 37.044 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 37.044 USD billions · Filed 2026-04-29

Does operating cash cover cash capital purchases?

Microsoft cash after capex (OCF minus cash CapEx) · Quarterly

Calculated from primary data
19.639Billion USD
+3.836 Billion USD vs. prior period Last 3 average below prior 3

History: 6 observations · Local history available

Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

As of: 2026-06-30 · Calculated from primary dataPrimary source: SEC · Microsoft
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3019.639Calculated value
2026-03-3115.803Calculated value
2025-12-315.882Calculated value
2025-09-3025.663Calculated value
2025-06-3025.568Calculated value
2025-03-3120.299Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-10 · SEC · Microsoft

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 19.639 USD billions · 2026-04-01 – 2026-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 55.441 USD billions · Later fiscal total less earlier total
    2025-07-01 – 2026-03-31: 127.494 USD billions · Filed 2026-04-29
    2025-07-01 – 2026-06-30: 182.935 USD billions · Filed 2026-07-29

    Cash CapEx: 35.802 USD billions · Later fiscal total less earlier total
    2025-07-01 – 2026-03-31: 80.146 USD billions · Filed 2026-04-29
    2025-07-01 – 2026-06-30: 115.948 USD billions · Filed 2026-07-29

  • 2026-03-31 · Verified on 2026-10-10 · SEC · Microsoft

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 15.803 USD billions · 2026-01-01 – 2026-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 46.679 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 46.679 USD billions · Filed 2026-04-29

    Cash CapEx: 30.876 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 30.876 USD billions · Filed 2026-04-29

  • 2025-12-31 · Verified on 2026-10-10 · SEC · Microsoft

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 5.882 USD billions · 2025-10-01 – 2025-12-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 35.758 USD billions · Reported quarter
    2025-10-01 – 2025-12-31: 35.758 USD billions · Filed 2026-01-28

    Cash CapEx: 29.876 USD billions · Reported quarter
    2025-10-01 – 2025-12-31: 29.876 USD billions · Filed 2026-01-28

  • 2025-09-30 · Verified on 2026-10-10 · SEC · Microsoft

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 25.663 USD billions · 2025-07-01 – 2025-09-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 45.057 USD billions · Reported quarter
    2025-07-01 – 2025-09-30: 45.057 USD billions · Filed 2025-10-29

    Cash CapEx: 19.394 USD billions · Reported quarter
    2025-07-01 – 2025-09-30: 19.394 USD billions · Filed 2025-10-29

  • 2025-06-30 · Verified on 2026-10-10 · SEC · Microsoft

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 25.568 USD billions · 2025-04-01 – 2025-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 42.647 USD billions · Later fiscal total less earlier total
    2024-07-01 – 2025-03-31: 93.515 USD billions · Filed 2026-04-29
    2024-07-01 – 2025-06-30: 136.162 USD billions · Filed 2026-07-29

    Cash CapEx: 17.079 USD billions · Later fiscal total less earlier total
    2024-07-01 – 2025-03-31: 47.472 USD billions · Filed 2026-04-29
    2024-07-01 – 2025-06-30: 64.551 USD billions · Filed 2026-07-29

  • 2025-03-31 · Verified on 2026-10-10 · SEC · Microsoft

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 20.299 USD billions · 2025-01-01 – 2025-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 37.044 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 37.044 USD billions · Filed 2026-04-29

    Cash CapEx: 16.745 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 16.745 USD billions · Filed 2026-04-29

Amazon

OCF · OCF−cash CapEx

Is operating activity generating more cash?

Amazon operating cash flow · Quarterly

Calculated from primary data
45.387Billion USD
+19.355 Billion USD vs. prior period Last 3 average above prior 3

History: 6 observations · Local history available

Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

As of: 2026-06-30 · Calculated from primary dataPrimary source: SEC · Amazon
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3045.387Calculated value
2026-03-3126.032Calculated value
2025-12-3154.459Calculated value
2025-09-3035.525Calculated value
2025-06-3032.515Calculated value
2025-03-3117.015Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-10 · SEC · Amazon

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 45.387 USD billions · 2026-04-01 – 2026-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 45.387 USD billions · Reported quarter
    2026-04-01 – 2026-06-30: 45.387 USD billions · Filed 2026-07-31

  • 2026-03-31 · Verified on 2026-10-10 · SEC · Amazon

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 26.032 USD billions · 2026-01-01 – 2026-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 26.032 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 26.032 USD billions · Filed 2026-04-30

  • 2025-12-31 · Verified on 2026-10-10 · SEC · Amazon

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 54.459 USD billions · 2025-10-01 – 2025-12-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 54.459 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-09-30: 85.055 USD billions · Filed 2025-10-31
    2025-01-01 – 2025-12-31: 139.514 USD billions · Filed 2026-02-06

  • 2025-09-30 · Verified on 2026-10-10 · SEC · Amazon

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 35.525 USD billions · 2025-07-01 – 2025-09-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 35.525 USD billions · Reported quarter
    2025-07-01 – 2025-09-30: 35.525 USD billions · Filed 2025-10-31

  • 2025-06-30 · Verified on 2026-10-10 · SEC · Amazon

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 32.515 USD billions · 2025-04-01 – 2025-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 32.515 USD billions · Reported quarter
    2025-04-01 – 2025-06-30: 32.515 USD billions · Filed 2026-07-31

  • 2025-03-31 · Verified on 2026-10-10 · SEC · Amazon

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 17.015 USD billions · 2025-01-01 – 2025-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 17.015 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 17.015 USD billions · Filed 2026-04-30

Does operating cash cover cash capital purchases?

Amazon cash after capex (OCF minus cash CapEx) · Quarterly

Calculated from primary data
-8.821Billion USD
+9.35 Billion USD vs. prior period Last 3 average below prior 3

History: 6 observations · Local history available

Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

As of: 2026-06-30 · Calculated from primary dataPrimary source: SEC · Amazon
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-30-8.821Calculated value
2026-03-31-18.171Calculated value
2025-12-3114.937Calculated value
2025-09-300.43Calculated value
2025-06-300.332Calculated value
2025-03-31-8.004Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-10 · SEC · Amazon

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = -8.821 USD billions · 2026-04-01 – 2026-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 45.387 USD billions · Reported quarter
    2026-04-01 – 2026-06-30: 45.387 USD billions · Filed 2026-07-31

    Cash CapEx: 54.208 USD billions · Reported quarter
    2026-04-01 – 2026-06-30: 54.208 USD billions · Filed 2026-07-31

  • 2026-03-31 · Verified on 2026-10-10 · SEC · Amazon

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = -18.171 USD billions · 2026-01-01 – 2026-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 26.032 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 26.032 USD billions · Filed 2026-04-30

    Cash CapEx: 44.203 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 44.203 USD billions · Filed 2026-04-30

  • 2025-12-31 · Verified on 2026-10-10 · SEC · Amazon

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 14.937 USD billions · 2025-10-01 – 2025-12-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 54.459 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-09-30: 85.055 USD billions · Filed 2025-10-31
    2025-01-01 – 2025-12-31: 139.514 USD billions · Filed 2026-02-06

    Cash CapEx: 39.522 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-09-30: 92.297 USD billions · Filed 2025-10-31
    2025-01-01 – 2025-12-31: 131.819 USD billions · Filed 2026-02-06

  • 2025-09-30 · Verified on 2026-10-10 · SEC · Amazon

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 0.43 USD billions · 2025-07-01 – 2025-09-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 35.525 USD billions · Reported quarter
    2025-07-01 – 2025-09-30: 35.525 USD billions · Filed 2025-10-31

    Cash CapEx: 35.095 USD billions · Reported quarter
    2025-07-01 – 2025-09-30: 35.095 USD billions · Filed 2025-10-31

  • 2025-06-30 · Verified on 2026-10-10 · SEC · Amazon

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 0.332 USD billions · 2025-04-01 – 2025-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 32.515 USD billions · Reported quarter
    2025-04-01 – 2025-06-30: 32.515 USD billions · Filed 2026-07-31

    Cash CapEx: 32.183 USD billions · Reported quarter
    2025-04-01 – 2025-06-30: 32.183 USD billions · Filed 2026-07-31

  • 2025-03-31 · Verified on 2026-10-10 · SEC · Amazon

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = -8.004 USD billions · 2025-01-01 – 2025-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 17.015 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 17.015 USD billions · Filed 2026-04-30

    Cash CapEx: 25.019 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 25.019 USD billions · Filed 2026-04-30

Alphabet

OCF · OCF−cash CapEx

Is operating activity generating more cash?

Alphabet operating cash flow · Quarterly

Calculated from primary data
39.069Billion USD
-6.721 Billion USD vs. prior period Last 3 average above prior 3

History: 6 observations · Local history available

Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

As of: 2026-06-30 · Calculated from primary dataPrimary source: SEC · Alphabet
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3039.069Calculated value
2026-03-3145.79Calculated value
2025-12-3152.402Calculated value
2025-09-3048.414Calculated value
2025-06-3027.747Calculated value
2025-03-3136.15Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-10 · SEC · Alphabet

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 39.069 USD billions · 2026-04-01 – 2026-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 39.069 USD billions · Later fiscal total less earlier total
    2026-01-01 – 2026-03-31: 45.79 USD billions · Filed 2026-04-30
    2026-01-01 – 2026-06-30: 84.859 USD billions · Filed 2026-07-23

  • 2026-03-31 · Verified on 2026-10-10 · SEC · Alphabet

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 45.79 USD billions · 2026-01-01 – 2026-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 45.79 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 45.79 USD billions · Filed 2026-04-30

  • 2025-12-31 · Verified on 2026-10-10 · SEC · Alphabet

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 52.402 USD billions · 2025-10-01 – 2025-12-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 52.402 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-09-30: 112.311 USD billions · Filed 2025-10-30
    2025-01-01 – 2025-12-31: 164.713 USD billions · Filed 2026-02-05

  • 2025-09-30 · Verified on 2026-10-10 · SEC · Alphabet

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 48.414 USD billions · 2025-07-01 – 2025-09-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 48.414 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-06-30: 63.897 USD billions · Filed 2026-07-23
    2025-01-01 – 2025-09-30: 112.311 USD billions · Filed 2025-10-30

  • 2025-06-30 · Verified on 2026-10-10 · SEC · Alphabet

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 27.747 USD billions · 2025-04-01 – 2025-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 27.747 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-03-31: 36.15 USD billions · Filed 2026-04-30
    2025-01-01 – 2025-06-30: 63.897 USD billions · Filed 2026-07-23

  • 2025-03-31 · Verified on 2026-10-10 · SEC · Alphabet

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 36.15 USD billions · 2025-01-01 – 2025-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 36.15 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 36.15 USD billions · Filed 2026-04-30

Does operating cash cover cash capital purchases?

Alphabet cash after capex (OCF minus cash CapEx) · Quarterly

Calculated from primary data
-5.855Billion USD
-15.971 Billion USD vs. prior period Last 3 average below prior 3

History: 6 observations · Local history available

Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

As of: 2026-06-30 · Calculated from primary dataPrimary source: SEC · Alphabet
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-30-5.855Calculated value
2026-03-3110.116Calculated value
2025-12-3124.551Calculated value
2025-09-3024.461Calculated value
2025-06-305.301Calculated value
2025-03-3118.953Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-10 · SEC · Alphabet

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = -5.855 USD billions · 2026-04-01 – 2026-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 39.069 USD billions · Later fiscal total less earlier total
    2026-01-01 – 2026-03-31: 45.79 USD billions · Filed 2026-04-30
    2026-01-01 – 2026-06-30: 84.859 USD billions · Filed 2026-07-23

    Cash CapEx: 44.924 USD billions · Later fiscal total less earlier total
    2026-01-01 – 2026-03-31: 35.674 USD billions · Filed 2026-04-30
    2026-01-01 – 2026-06-30: 80.598 USD billions · Filed 2026-07-23

  • 2026-03-31 · Verified on 2026-10-10 · SEC · Alphabet

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 10.116 USD billions · 2026-01-01 – 2026-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 45.79 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 45.79 USD billions · Filed 2026-04-30

    Cash CapEx: 35.674 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 35.674 USD billions · Filed 2026-04-30

  • 2025-12-31 · Verified on 2026-10-10 · SEC · Alphabet

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 24.551 USD billions · 2025-10-01 – 2025-12-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 52.402 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-09-30: 112.311 USD billions · Filed 2025-10-30
    2025-01-01 – 2025-12-31: 164.713 USD billions · Filed 2026-02-05

    Cash CapEx: 27.851 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-09-30: 63.596 USD billions · Filed 2025-10-30
    2025-01-01 – 2025-12-31: 91.447 USD billions · Filed 2026-02-05

  • 2025-09-30 · Verified on 2026-10-10 · SEC · Alphabet

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 24.461 USD billions · 2025-07-01 – 2025-09-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 48.414 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-06-30: 63.897 USD billions · Filed 2026-07-23
    2025-01-01 – 2025-09-30: 112.311 USD billions · Filed 2025-10-30

    Cash CapEx: 23.953 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-06-30: 39.643 USD billions · Filed 2026-07-23
    2025-01-01 – 2025-09-30: 63.596 USD billions · Filed 2025-10-30

  • 2025-06-30 · Verified on 2026-10-10 · SEC · Alphabet

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 5.301 USD billions · 2025-04-01 – 2025-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 27.747 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-03-31: 36.15 USD billions · Filed 2026-04-30
    2025-01-01 – 2025-06-30: 63.897 USD billions · Filed 2026-07-23

    Cash CapEx: 22.446 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-03-31: 17.197 USD billions · Filed 2026-04-30
    2025-01-01 – 2025-06-30: 39.643 USD billions · Filed 2026-07-23

  • 2025-03-31 · Verified on 2026-10-10 · SEC · Alphabet

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 18.953 USD billions · 2025-01-01 – 2025-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 36.15 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 36.15 USD billions · Filed 2026-04-30

    Cash CapEx: 17.197 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 17.197 USD billions · Filed 2026-04-30

Meta

OCF · OCF−cash CapEx

Is operating activity generating more cash?

Meta operating cash flow · Quarterly

Calculated from primary data
31.862Billion USD
-0.364 Billion USD vs. prior period Last 3 average above prior 3

History: 6 observations · Local history available

Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

As of: 2026-06-30 · Calculated from primary dataPrimary source: SEC · Meta
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3031.862Calculated value
2026-03-3132.226Calculated value
2025-12-3136.214Calculated value
2025-09-3029.999Calculated value
2025-06-3025.561Calculated value
2025-03-3124.026Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-10 · SEC · Meta

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 31.862 USD billions · 2026-04-01 – 2026-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 31.862 USD billions · Later fiscal total less earlier total
    2026-01-01 – 2026-03-31: 32.226 USD billions · Filed 2026-04-30
    2026-01-01 – 2026-06-30: 64.088 USD billions · Filed 2026-07-30

  • 2026-03-31 · Verified on 2026-10-10 · SEC · Meta

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 32.226 USD billions · 2026-01-01 – 2026-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 32.226 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 32.226 USD billions · Filed 2026-04-30

  • 2025-12-31 · Verified on 2026-10-10 · SEC · Meta

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 36.214 USD billions · 2025-10-01 – 2025-12-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 36.214 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-09-30: 79.586 USD billions · Filed 2025-10-30
    2025-01-01 – 2025-12-31: 115.8 USD billions · Filed 2026-01-29

  • 2025-09-30 · Verified on 2026-10-10 · SEC · Meta

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 29.999 USD billions · 2025-07-01 – 2025-09-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 29.999 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-06-30: 49.587 USD billions · Filed 2026-07-30
    2025-01-01 – 2025-09-30: 79.586 USD billions · Filed 2025-10-30

  • 2025-06-30 · Verified on 2026-10-10 · SEC · Meta

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 25.561 USD billions · 2025-04-01 – 2025-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 25.561 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-03-31: 24.026 USD billions · Filed 2026-04-30
    2025-01-01 – 2025-06-30: 49.587 USD billions · Filed 2026-07-30

  • 2025-03-31 · Verified on 2026-10-10 · SEC · Meta

    Consolidated quarterly operating cash flow; fiscal cumulative amounts are differenced between adjacent quarters and displayed by calendar quarter. Values can be negative and include working capital and taxes. This is not AI-project return or free cash flow.

    Calculation inputs (USD)

    OCF = 24.026 USD billions · 2025-01-01 – 2025-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 24.026 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 24.026 USD billions · Filed 2026-04-30

Does operating cash cover cash capital purchases?

Meta cash after capex (OCF minus cash CapEx) · Quarterly

Calculated from primary data
1.746Billion USD
-11.483 Billion USD vs. prior period Last 3 average below prior 3

History: 6 observations · Local history available

Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

As of: 2026-06-30 · Calculated from primary dataPrimary source: SEC · Meta
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-301.746Calculated value
2026-03-3113.229Calculated value
2025-12-3114.831Calculated value
2025-09-3011.17Calculated value
2025-06-309.023Calculated value
2025-03-3111.085Calculated value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-10 · SEC · Meta

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 1.746 USD billions · 2026-04-01 – 2026-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 31.862 USD billions · Later fiscal total less earlier total
    2026-01-01 – 2026-03-31: 32.226 USD billions · Filed 2026-04-30
    2026-01-01 – 2026-06-30: 64.088 USD billions · Filed 2026-07-30

    Cash CapEx: 30.116 USD billions · Later fiscal total less earlier total
    2026-01-01 – 2026-03-31: 18.997 USD billions · Filed 2026-04-30
    2026-01-01 – 2026-06-30: 49.113 USD billions · Filed 2026-07-30

  • 2026-03-31 · Verified on 2026-10-10 · SEC · Meta

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 13.229 USD billions · 2026-01-01 – 2026-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 32.226 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 32.226 USD billions · Filed 2026-04-30

    Cash CapEx: 18.997 USD billions · Reported quarter
    2026-01-01 – 2026-03-31: 18.997 USD billions · Filed 2026-04-30

  • 2025-12-31 · Verified on 2026-10-10 · SEC · Meta

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 14.831 USD billions · 2025-10-01 – 2025-12-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 36.214 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-09-30: 79.586 USD billions · Filed 2025-10-30
    2025-01-01 – 2025-12-31: 115.8 USD billions · Filed 2026-01-29

    Cash CapEx: 21.383 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-09-30: 48.308 USD billions · Filed 2025-10-30
    2025-01-01 – 2025-12-31: 69.691 USD billions · Filed 2026-01-29

  • 2025-09-30 · Verified on 2026-10-10 · SEC · Meta

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 11.17 USD billions · 2025-07-01 – 2025-09-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 29.999 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-06-30: 49.587 USD billions · Filed 2026-07-30
    2025-01-01 – 2025-09-30: 79.586 USD billions · Filed 2025-10-30

    Cash CapEx: 18.829 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-06-30: 29.479 USD billions · Filed 2026-07-30
    2025-01-01 – 2025-09-30: 48.308 USD billions · Filed 2025-10-30

  • 2025-06-30 · Verified on 2026-10-10 · SEC · Meta

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 9.023 USD billions · 2025-04-01 – 2025-06-30

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 25.561 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-03-31: 24.026 USD billions · Filed 2026-04-30
    2025-01-01 – 2025-06-30: 49.587 USD billions · Filed 2026-07-30

    Cash CapEx: 16.538 USD billions · Later fiscal total less earlier total
    2025-01-01 – 2025-03-31: 12.941 USD billions · Filed 2026-04-30
    2025-01-01 – 2025-06-30: 29.479 USD billions · Filed 2026-07-30

  • 2025-03-31 · Verified on 2026-10-10 · SEC · Meta

    Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.

    Calculation inputs (USD)

    OCF − cash CapEx = 11.085 USD billions · 2025-01-01 – 2025-03-31

    Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.

    OCF: 24.026 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 24.026 USD billions · Filed 2026-04-30

    Cash CapEx: 12.941 USD billions · Reported quarter
    2025-01-01 – 2025-03-31: 12.941 USD billions · Filed 2026-04-30

Financing & repayment pressure

Quarterly · company balances

Read debt, lease obligations and cash buffers together. These are consolidated company balances, not AI-only debt or leverage ratios. Definitions differ by company; missing disclosures remain gaps. Uncommenced leases, SPVs, project debt and interest coverage are not covered by these curves.

Microsoft

Debt · leases · cash

Is long-term debt rising?

Microsoft · Long-term debt incl. current portion · Quarterly

Verified primary source
40.29Billion USD
+0.03 Billion USD vs. prior period Last 3 average below prior 3

History: 10 observations · Local history available

Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Microsoft
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3040.294Primary source value
2026-03-3140.262Primary source value
2025-12-3140.262Primary source value
2025-09-3043.208Primary source value
2025-06-3043.151Primary source value
2025-03-3142.881Primary source value
2024-12-3144.97Primary source value
2024-09-3045.117Primary source value
2024-06-3044.937Primary source value
2024-03-3144.907Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt including the current portion. Excludes finance leases; this is neither total liabilities nor AI-only debt.

Are near-term debt repayments growing?

Microsoft · Current portion of long-term debt · Quarterly

Verified primary source
9.23Billion USD
+0.39 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Microsoft
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-309.227Primary source value
2026-03-318.839Primary source value
2025-12-314.837Primary source value
2025-09-307.832Primary source value
2025-06-302.999Primary source value
2025-03-312.999Primary source value
2024-12-315.248Primary source value
2024-09-302.249Primary source value
2024-06-302.249Primary source value
2024-03-312.249Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Carrying amount of long-term debt classified as current. A subset of long-term debt; do not add it to the total again.

How fast is lease financing growing?

Microsoft · Finance lease liabilities · Quarterly

Verified primary source
66.59Billion USD
+3.66 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Microsoft
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3066.594Primary source value
2026-03-3162.932Primary source value
2025-12-3160.151Primary source value
2025-09-3054.434Primary source value
2025-06-3046.172Primary source value
2025-03-3139.214Primary source value
2024-12-3136.077Primary source value
2024-09-3031.351Primary source value
2024-06-3027.145Primary source value
2024-03-3122.905Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Discounted finance lease liabilities. Excludes operating leases and uncommenced lease commitments; not new CapEx. Consolidated company scope, not AI-only.

Is the cash buffer keeping up with spending?

Microsoft · Cash and short-term investments · Quarterly

Verified primary source
76.84Billion USD
-1.43 Billion USD vs. prior period Last 3 average below prior 3

History: 10 observations · Local history available

Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Microsoft
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3076.843Primary source value
2026-03-3178.272Primary source value
2025-12-3189.462Primary source value
2025-09-30102.012Primary source value
2025-06-3094.565Primary source value
2025-03-3179.618Primary source value
2024-12-3171.555Primary source value
2024-09-3078.428Primary source value
2024-06-3075.543Primary source value
2024-03-3180.021Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Microsoft

    Combined carrying amount of cash, cash equivalents and short-term investments. Consolidated company scope; not all available for AI projects.

Amazon

Debt · leases · cash

How are financing obligations and cash buffers changing?

Amazon · Noncurrent long-term debt · Quarterly

Verified primary source
128.89Billion USD
+9.82 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Amazon
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-30128.894Primary source value
2026-03-31119.074Primary source value
2025-12-3165.648Primary source value
2025-09-3050.742Primary source value
2025-06-3050.718Primary source value
2025-03-3153.374Primary source value
2024-12-3152.623Primary source value
2024-09-3054.89Primary source value
2024-06-3054.889Primary source value
2024-03-3157.634Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

How are financing obligations and cash buffers changing?

Amazon · Current long-term debt · Quarterly

Verified primary source
3.33Billion USD
+0.5 Billion USD vs. prior period Last 3 average below prior 3

History: 10 observations · Local history available

Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Amazon
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-303.33Primary source value
2026-03-312.832Primary source value
2025-12-312.748Primary source value
2025-09-303.997Primary source value
2025-06-305.005Primary source value
2025-03-315.014Primary source value
2024-12-315.017Primary source value
2024-09-305.248Primary source value
2024-06-307.429Primary source value
2024-03-318.848Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

How are financing obligations and cash buffers changing?

Amazon · Cash and cash equivalents · Quarterly

Verified primary source
78.21Billion USD
-23.6 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Amazon
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3078.213Primary source value
2026-03-31101.816Primary source value
2025-12-3186.81Primary source value
2025-09-3066.922Primary source value
2025-06-3057.741Primary source value
2025-03-3166.207Primary source value
2024-12-3178.779Primary source value
2024-09-3075.091Primary source value
2024-06-3071.178Primary source value
2024-03-3172.852Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

How are financing obligations and cash buffers changing?

Amazon · Finance lease liabilities · Quarterly

Verified primary source
13.45Billion USD
+0.13 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Amazon
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3013.451Primary source value
2026-03-3113.325Primary source value
2025-12-3112.286Primary source value
2025-09-3011.765Primary source value
2025-06-3011.203Primary source value
2025-03-3110.383Primary source value
2024-12-3110.602Primary source value
2024-09-3010.819Primary source value
2024-06-3010.827Primary source value
2024-03-3111.24Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

How are financing obligations and cash buffers changing?

Amazon · Operating lease liabilities · Quarterly

Verified primary source
96.32Billion USD
+4.7 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Amazon
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3096.32Primary source value
2026-03-3191.617Primary source value
2025-12-3189.252Primary source value
2025-09-3086.233Primary source value
2025-06-3084.991Primary source value
2025-03-3181.731Primary source value
2024-12-3179.596Primary source value
2024-09-3079.677Primary source value
2024-06-3077.432Primary source value
2024-03-3176.019Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Amazon

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

Alphabet

Debt · leases · cash

How are financing obligations and cash buffers changing?

Alphabet · Noncurrent long-term debt · Quarterly

Verified primary source
98.17Billion USD
+20.66 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Alphabet
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3098.165Primary source value
2026-03-3177.501Primary source value
2025-12-3146.547Primary source value
2025-09-3021.607Primary source value
2025-06-3023.607Primary source value
2025-03-3110.886Primary source value
2024-12-3110.883Primary source value
2024-09-30No dataMissing
2024-06-30No dataMissing
2024-03-31No dataMissing
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

How are financing obligations and cash buffers changing?

Alphabet · Current long-term debt · Quarterly

Verified primary source
2Billion USD
+0.001 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Alphabet
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-301.999Primary source value
2026-03-311.998Primary source value
2025-12-311.996Primary source value
2025-09-301.995Primary source value
2025-06-301Primary source value
2025-03-311Primary source value
2024-12-310.999Primary source value
2024-09-300.999Primary source value
2024-06-300Primary source value
2024-03-310Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Current portion of long-term debt; excludes other short-term financing and other payments due within a year. Consolidated company scope, not AI-only.

How are financing obligations and cash buffers changing?

Alphabet · Cash and short-term investments · Quarterly

Verified primary source
242.47Billion USD
+115.63 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Alphabet
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-30242.474Primary source value
2026-03-31126.84Primary source value
2025-12-31126.843Primary source value
2025-09-3098.496Primary source value
2025-06-3095.148Primary source value
2025-03-3195.328Primary source value
2024-12-3195.657Primary source value
2024-09-3093.23Primary source value
2024-06-30100.725Primary source value
2024-03-31108.09Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Combined cash, cash equivalents and short-term investments; not dedicated AI project funds. Consolidated company scope.

How are financing obligations and cash buffers changing?

Alphabet · Finance lease liabilities · Quarterly

Verified primary source
2.59Billion USD
+0.38 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Alphabet
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-302.59Primary source value
2026-03-312.214Primary source value
2025-12-312.5Primary source value
2025-09-302.388Primary source value
2025-06-302.102Primary source value
2025-03-312.061Primary source value
2024-12-311.677Primary source value
2024-09-302.785Primary source value
2024-06-302.28Primary source value
2024-03-311.672Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted finance lease liability; excludes operating leases and leases not yet commenced. Consolidated company scope, not AI-only.

How are financing obligations and cash buffers changing?

Alphabet · Operating lease liabilities · Quarterly

Verified primary source
18.04Billion USD
+1.88 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Alphabet
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3018.037Primary source value
2026-03-3116.161Primary source value
2025-12-3115.954Primary source value
2025-09-3015.205Primary source value
2025-06-3014.959Primary source value
2025-03-3114.551Primary source value
2024-12-3114.578Primary source value
2024-09-30No dataMissing
2024-06-30No dataMissing
2024-03-31No dataMissing
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Alphabet

    Discounted liability for commenced operating leases; excludes uncommenced lease commitments and is reported separately from debt. Consolidated company scope, not AI-only.

Meta

Debt · leases · cash

How are financing obligations and cash buffers changing?

Meta · Noncurrent long-term debt · Quarterly

Verified primary source
83.66Billion USD
+24.92 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Meta
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3083.664Primary source value
2026-03-3158.748Primary source value
2025-12-3158.744Primary source value
2025-09-3028.834Primary source value
2025-06-3028.832Primary source value
2025-03-3128.829Primary source value
2024-12-3128.826Primary source value
2024-09-3028.823Primary source value
2024-06-3018.389Primary source value
2024-03-3118.387Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent long-term debt carrying value; excludes current maturities and is not total debt. Consolidated company scope, not AI-only.

How are financing obligations and cash buffers changing?

Meta · Cash and cash equivalents · Quarterly

Verified primary source
15.46Billion USD
-7.96 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Meta
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3015.462Primary source value
2026-03-3123.426Primary source value
2025-12-3135.873Primary source value
2025-09-3010.187Primary source value
2025-06-3012.005Primary source value
2025-03-3128.75Primary source value
2024-12-3143.889Primary source value
2024-09-3043.852Primary source value
2024-06-3032.045Primary source value
2024-03-3132.307Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Meta

    Cash and cash equivalents; excludes short-term securities and is not directly comparable with Microsoft or Alphabet cash plus short-term investments. Consolidated company scope.

How are financing obligations and cash buffers changing?

Meta · Current operating lease liabilities · Quarterly

Verified primary source
2.43Billion USD
+0.01 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Meta
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-302.425Primary source value
2026-03-312.414Primary source value
2025-12-312.213Primary source value
2025-09-302.113Primary source value
2025-06-301.977Primary source value
2025-03-311.976Primary source value
2024-12-311.942Primary source value
2024-09-302.016Primary source value
2024-06-301.917Primary source value
2024-03-311.676Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Meta

    Current discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

How are financing obligations and cash buffers changing?

Meta · Noncurrent operating lease liabilities · Quarterly

Verified primary source
26.23Billion USD
+0.62 Billion USD vs. prior period Last 3 average above prior 3

History: 10 observations · Local history available

Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

As of: 2026-06-30 · Verified primary sourcePrimary source: SEC · Meta
View data table (last 24 observations)
PeriodValue (Billion USD)Type
2026-06-3026.229Primary source value
2026-03-3125.607Primary source value
2025-12-3122.94Primary source value
2025-09-3020.113Primary source value
2025-06-3018.751Primary source value
2025-03-3118.714Primary source value
2024-12-3118.292Primary source value
2024-09-3018.208Primary source value
2024-06-3017.685Primary source value
2024-03-3117.57Primary source value
View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

  • 2026-06-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2026-03-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2025-12-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2025-09-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2025-06-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2025-03-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2024-12-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2024-09-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2024-06-30 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

  • 2024-03-31 · Verified on 2026-10-09 · SEC · Meta

    Noncurrent discounted operating lease liability, a component of operating lease liabilities; excludes uncommenced leases. Consolidated company scope, not AI-only.

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