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Remaining Performance Obligations
Represents contracted, unrecognized revenue from multi‑period deals (common in cloud and advertising commitments), offering a window into near‑term revenue visibility and the durability of booked demand.Remaining Performance Obligations have surged recently, driven by very large, multi‑year Cloud and AI contracts rather than a transitory accounting blip — giving Alphabet much stronger revenue visibility as management expects just over half to convert to revenue in the next 24 months. However, the spike also reflects hardware and capacity-timing (TPU sales and supply constraints), meaning much of the economic benefit will be back‑loaded into 2027 while near‑term margins and free cash flow remain pressured by heavy CapEx and third‑party capacity bridging.
Date | Remaining Performance Obligations |
|---|---|
Jun 30, 2026 | $519.50B |
Mar 31, 2026 | $467.60B |
Dec 31, 2025 | $242.80B |
Sep 30, 2025 | $157.70B |
Jun 30, 2025 | $108.20B |
Mar 31, 2025 | $92.40B |
Dec 31, 2024 | $93.20B |
Sep 30, 2024 | $86.80B |
Jun 30, 2024 | $78.80B |
Mar 31, 2024 | $72.50B |