A Long-Term Debt Snapshot

Fiscal Years 2020-2025. $ in Millions

Line chart showing long-term debt for Alphabet and Meta Platforms from 2020 to 2025, measured in millions of dollars. Alphabet held relatively stable debt between roughly $11 billion and $15 billion from 2020 through 2024, then surged to $46.5 billion in 2025. Meta carried no long-term debt in 2020 and 2021, then rapidly increased from $9.9 billion in 2022 to $58.7 billion in 2025, surpassing Alphabet by the end of the period.

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Sources: Company 10-K Annual Reports. Note: Meta had no long-term debt until 2022. N.B.Alphabet, Amazon, and Meta have a fiscal year end of Dec. 31, while Oracle's is May 31 and Microsoft's is June 30.