
Key points
Off-balance-sheet obligations of Google, Meta, Microsoft, Amazon and Oracle (trillions), Q4 2025–Q3 2026 | ~$3.2T in Q3 2026, nearly doubling in six months; Google largest at ~$1.05T
Image source: @GlobalMktObserv

Off-balance-sheet obligations of Google, Meta, Microsoft, Amazon and Oracle (trillions), Q4 2025–Q3 2026 | ~$3.2T in Q3 2026, nearly doubling in six months; Google largest at ~$1.05T
Image source: @GlobalMktObserv