Alphabet Inc.

GOOG · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999
Valuation
Market cap	$3,786,625	$2,331,176	$1,763,880	$1,148,432	$1,920,661	$1,162,835	$887,466	$687,401	$694,563	$512,306	$503,717	$354,866	–	–	–	–	–	–	–	–	–	–	–	$24,225	$34,376	$3,352	$4,250
Enterprise value	$3,719,073	$2,260,980	$1,680,085	$1,064,349	$1,809,520	$1,052,913	$783,758	$582,273	$596,661	$429,908	$435,871	$295,708	–	–	–	–	–	–	–	–	–	–	–	$24,090	–	–	–
P/E (TTM) at period end	28.65×	23.28×	23.90×	19.15×	25.26×	28.88×	25.84×	22.36×	54.85×	26.30×	31.83×	25.10×	–	–	–	–	–	–	–	–	–	–	–	243.09×	4921.39×	–	–
P/S (TTM) at period end	9.40×	6.66×	5.74×	4.06×	7.45×	6.37×	5.48×	5.02×	6.27×	5.68×	6.72×	5.38×	–	–	–	–	–	–	–	–	–	–	–	55.12×	397.75×	175.40×	–
P/B at period end	9.12×	7.17×	6.22×	4.48×	7.63×	5.23×	4.41×	3.87×	4.55×	3.68×	4.19×	3.42×	–	–	–	–	–	–	–	–	–	–	–	139.26×	–	123.07×	–
EV / EBITDA (TTM)	24.76×	17.71×	17.46×	12.05×	20.33×	19.17×	17.03×	15.93×	18.03×	14.40×	17.85×	13.77×	–	–	–	–	–	–	–	–	–	–	–	111.81×	–	–	–
EV / Sales (TTM)	9.23×	6.46×	5.47×	3.76×	7.02×	5.77×	4.84×	4.26×	5.38×	4.76×	5.81×	4.48×	–	–	–	–	–	–	–	–	–	–	–	54.81×	–	–	–
Returns
Return on equity	31.8%	30.8%	26.0%	23.4%	30.2%	18.1%	17.0%	17.3%	8.3%	14.0%	13.2%	13.6%	14.6%	15.0%	16.7%	18.4%	18.1%	15.0%	18.5%	18.1%	15.6%	13.6%	17.9%	57.3%	–	(53.9%)	–
Return on invested capital	24.2%	28.7%	25.3%	23.8%	25.4%	15.5%	14.9%	14.7%	8.4%	14.7%	14.8%	14.3%	17.4%	17.7%	17.7%	22.7%	25.1%	24.5%	22.7%	20.2%	24.9%	15.7%	23.4%	79.1%	–	(54.1%)	–
Dividend yield	0.3%	0.3%	–	–	–	–	–	–	–	–	0.0%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	2.01×	1.84×	2.10×	2.38×	2.93×	3.07×	3.37×	3.92×	5.14×	6.29×	4.67×	4.69×	4.58×	4.22×	5.92×	4.16×	10.62×	8.77×	8.49×	10.00×	12.08×	7.91×	2.38×	2.59×	–	–	–
Debt / equity	0.12×	0.04×	0.05×	0.06×	0.06×	0.07×	0.02×	0.02×	0.03×	0.03×	0.04×	0.05×	0.06×	0.08×	0.07×	0.07×	–	–	–	–	–	0.00×	0.01×	0.06×	–	–	–
Effective tax rate	16.8%	16.4%	13.9%	15.9%	16.2%	16.2%	13.3%	12.0%	53.4%	19.3%	16.8%	21.1%	17.2%	20.2%	21.0%	21.2%	22.2%	27.8%	25.9%	23.3%	31.6%	38.6%	69.5%	46.1%	30.6%	–	–
Share count
Diluted shares outstanding	12,230	12,447	12,722	13,159	13,553	13,741	13,971	14,067	14,069	13,988	13,858	13,741	13,552	13,292	13,089	12,930	12,777	12,701	12,648	12,382	11,675	10,926	13,986	9,690	13,986	1,341	1,700

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999
Revenue and gross profit
Revenue	$445,867	$402,836	$350,018	$307,394	$282,836	$257,637	$182,527	$161,857	$136,819	$110,855	$90,272	$74,989	$66,001	$55,519	$46,039	$37,905	$29,321	$23,651	$21,796	$16,594	$10,605	$6,139	$3,189	$1,466	$440	$86	$19	–
Cost of revenue	($174,350)	($162,535)	($146,306)	($133,332)	($126,203)	($110,939)	($84,732)	($71,896)	($59,549)	($45,583)	($35,138)	($28,164)	($25,691)	($21,993)	($17,176)	($13,188)	($10,417)	($8,844)	($8,622)	($6,649)	($4,225)	($2,577)	($1,458)	($626)	($132)	($14)	($6)	–
Gross profit	$271,517	$240,301	$203,712	$174,062	$156,633	$146,698	$97,795	$89,961	$77,270	$65,272	$55,134	$46,825	$40,310	$33,526	$28,863	$24,717	$18,904	$14,807	$13,174	$9,945	$6,380	$3,561	$1,732	$840	$308	$72	$13	–
Operating expenses
Research and development	($68,974)	($61,087)	($49,326)	($45,427)	($39,500)	($31,562)	($27,573)	($26,018)	($21,419)	($16,625)	($13,948)	($12,282)	($9,832)	($7,137)	($6,083)	($5,162)	($3,762)	($2,843)	($2,793)	($2,120)	($1,229)	($600)	($226)	($91)	($32)	($16)	($11)	($3)
Selling, general and administrative	($23,486)	($21,482)	($14,188)	($16,425)	($15,724)	($13,510)	($11,052)	($9,551)	($6,923)	($6,840)	($6,985)	($6,136)	($5,851)	($4,432)	($8,946)	($7,313)	($4,761)	($3,652)	($3,749)	($2,741)	($1,601)	($855)	($665)	($406)	($90)	–	($15)	($3)
Total operating expenses	($123,889)	($111,262)	($91,322)	($89,769)	($81,791)	($67,984)	($56,571)	($55,730)	($49,746)	($39,094)	($31,418)	($27,465)	($23,814)	($18,123)	($15,029)	($12,975)	($8,523)	($6,495)	($6,542)	($4,861)	($2,830)	($1,544)	($1,091)	($498)	($122)	($61)	($28)	–
Total costs and expenses	($298,239)	($273,797)	($237,628)	($223,101)	($207,994)	($178,923)	($141,303)	($127,626)	($109,295)	($84,677)	($66,556)	($55,629)	($49,505)	($40,116)	($32,205)	($26,163)	($18,940)	($15,339)	($15,164)	($11,510)	($7,055)	($4,121)	($2,549)	($1,123)	($253)	($75)	($34)	($7)
Operating income	$147,628	$129,039	$112,390	$84,293	$74,842	$78,714	$41,224	$34,231	$27,524	$26,178	$23,716	$19,360	$16,496	$15,403	$13,834	$11,742	$10,381	$8,312	$6,632	$5,084	$3,550	$2,017	$640	$342	$186	$11	($15)	($7)
Earnings
EBITDA	$172,865	$150,175	$127,701	$96,239	$88,317	$88,987	$54,921	$46,012	$36,559	$33,093	$29,860	$24,423	$21,475	$19,342	$16,796	$13,593	$11,777	$9,836	$8,132	$6,052	$4,122	$2,311	$789	$398	$215	$21	–	–
Interest income	$5,096	$4,337	$4,482	$3,865	$2,174	$1,499	$1,865	$2,427	$1,878	$1,312	$1,220	$999	$746	$766	$700	$812	$579	$230	$390	$559	$412	$121	$16	$3	$1	–	–	–
Interest expense	($2,252)	($736)	($268)	($308)	($357)	($346)	($135)	($100)	($114)	($109)	($124)	($104)	($101)	($81)	($85)	($58)	($5)	–	–	–	–	($1)	($1)	($2)	($3)	–	–	–
Pre-tax income	$299,269	$158,826	$119,815	$85,717	$71,328	$90,734	$48,082	$39,625	$34,913	$27,193	$24,150	$19,651	$17,259	$15,899	$14,469	$12,326	$10,796	$8,381	$5,853	$5,674	$4,011	$2,142	$650	$347	$185	$10	($15)	($6)
Income tax expense	($55,064)	($26,656)	($19,697)	($11,922)	($11,356)	($14,701)	($7,813)	($5,282)	($4,177)	($14,531)	($4,672)	($3,303)	($3,639)	($2,739)	($2,916)	($2,589)	($2,291)	($1,861)	($1,626)	($1,470)	($934)	($676)	($251)	($241)	($85)	($3)	–	–
Net income	$244,205	$132,170	$100,118	$73,795	$59,972	$76,033	$40,269	$34,343	$30,736	$12,662	$19,478	$16,348	$14,136	$12,733	$10,737	$9,737	$8,505	$6,520	$4,227	$4,204	$3,077	$1,465	$399	$106	$100	$7	($15)	($6)
Per share
Diluted EPS (GAAP)	$19.91	$10.81	$8.04	$5.80	$4.56	$5.61	$2.93	$2.46	$2.19	$0.90	$1.39	$1.14	$1.03	$0.9395	$0.81	$0.74	$0.66	$0.51	$0.33	$0.33	$0.25	$0.13	$0.0365	$0.0076	$0.0103	$0.0005	($0.011)	($0.0035)
Basic EPS (GAAP)	$20.14	$10.91	$8.13	$5.84	$4.59	$5.69	$2.96	$2.48	$2.21	$0.9135	$1.42	$1.19	$1.05	$0.9565	$0.82	$0.75	$0.67	$0.52	$0.34	$0.34	$0.26	$0.13	$0.0365	$0.0077	$0.0072	$0.0005	($0.011)	($0.0035)
Basic shares outstanding	12,102	12,116	12,319	12,630	13,063	13,353	13,616	13,852	13,903	13,858	13,756	13,693	13,519	13,314	13,089	12,911	12,748	12,649	12,558	12,432	12,056	11,034	10,926	13,750	9,690	13,750	1,341	1,700
Margins
Gross margin	60.9%	59.7%	58.2%	56.6%	55.4%	56.9%	53.6%	55.6%	56.5%	58.9%	61.1%	62.4%	61.1%	60.4%	62.7%	65.2%	64.5%	62.6%	60.4%	59.9%	60.2%	58.0%	54.3%	57.3%	70.1%	83.5%	68.2%	–
Operating margin	33.1%	32.0%	32.1%	27.4%	26.5%	30.6%	22.6%	21.1%	20.1%	23.6%	26.3%	25.8%	25.0%	27.7%	30.0%	31.0%	35.4%	35.1%	30.4%	30.6%	33.5%	32.9%	20.1%	23.4%	42.4%	12.7%	(77.1%)	–
Net margin	54.8%	32.8%	28.6%	24.0%	21.2%	29.5%	22.1%	21.2%	22.5%	11.4%	21.6%	21.8%	21.4%	22.9%	23.3%	25.7%	29.0%	27.6%	19.4%	25.3%	29.0%	23.9%	12.5%	7.2%	22.7%	8.1%	(76.9%)	–

Analyst consensus

Buy79 analysts

Bearish · 1 · Hold · 9 · Bullish · 69

Earnings history

	EPS	Estimate
Q3 2024	$2.12	$1.85	Beat
Q4 2024	$2.15	$2.12	Beat
Q1 2025	$2.81	$2.02	Beat
Q2 2025	$2.31	$2.18	Beat
Q3 2025	$2.87	$2.30	Beat
Q4 2025	$2.82	$2.63	Beat
Q1 2026	$5.11	$2.68	Beat
Q2 2026	$9.11	$2.87	Beat

Peers

Company overview

IPO dateAug 19, 2004

CEOSundar Pichai

Employees190,820

SectorCommunication Services

IndustryInternet Content & Information

CountryUS

ExchangeNASDAQ Global Select

Websitewww.abc.xyz

Alphabet Inc. operates globally, providing a wide array of products and digital platforms to customers across the United States, Europe, the Middle East, Africa, the Asia-Pacific region, Canada, and Latin America. The company's business is organized into three primary segments: Google Services, Google Cloud, and Other Bets. The Google Services division delivers a broad spectrum of consumer-facing offerings, which include its advertising products, the Android operating system, Chrome browser, various hardware devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search functionality, and YouTube. This segment also generates revenue through the sale of applications, in-app purchases, and digital content via Google Play and YouTube, alongside device sales and consumer subscriptions for YouTube services. Conversely, the Google Cloud segment furnishes enterprise-grade solutions such as infrastructure, cybersecurity, database management, analytics, artificial intelligence, and other professional services. This encompasses the Google Workspace suite, a collection of cloud-native communication and collaboration tools for businesses, including Gmail, Docs, Drive, Calendar, and Meet, among other offerings tailored for corporate clients. The Other Bets segment is dedicated to developing nascent ventures, particularly those focused on healthcare-related and internet services. Established in 1998, Alphabet Inc. maintains its corporate headquarters in Mountain View, California.

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