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GOOGLEarnings2026-07-22

Ashkenazi describes how the company's debt portfolio has changed over the past year as part of an answer on capital structure.

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Anat Ashkenazi · Alphabet Investor Relations · Alphabet 2026 Q2 Earnings Call

And we have expanded our debt portfolio quite significantly over the past 12 months. If you've seen a year ago, we were at about $16 billion; and we went to about $100 billion across multiple currencies and geographies.

Transcribed from the source video. Automatic captions, corrected for known mis-transcriptions.

Key terms

capital structure
The mix of debt, equity and internally generated cash a company uses to fund itself.
debt portfolio
The total set of borrowings a company has outstanding, often across different currencies and maturities.

Educational summary of a public statement. Not investment advice.