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Alphabet (GOOGL) Cash Flow Waterfall

Trace Alphabet's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$174.35B

Capex

−$109.92B

Free Cash Flow

$64.43B

FCF Margin

+37.0%

Cash flow waterfall for Alphabet (GOOGL) — TTM through Q1 2026

Free cash flow: $64.43B

Cash flow breakdown for Alphabet (GOOGL) — TTM through Q1 2026

  • Operating Cash Flow$174.35B
  • Capital Expenditure−$109.92B
  • Free Cash Flow$64.43B
  • Acquisitions−$34.87B
  • Other Investing−$22.69B
  • Share Buybacks−$30.64B
  • Dividends Paid−$10.16B
  • Net Debt Change$62.03B
  • Other Financing & FX−$13.30B
  • Net Cash Increase$14.80B
Want to see what drove the FCF change?Free Cash Flow Bridge

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