NASDAQ : GOOGL
Alphabet Inc. — Financial statements
Communication Services · Internet Content & Information · United States
Last price 279.84 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.44T
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Financial statements
Alphabet Inc. (GOOGL) reported revenue of 471.10B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 471.10B | 402.84B | 350.02B | 307.39B | 282.84B | 257.64B |
| Cost of Revenue | 184.40B | 162.53B | 146.31B | 133.33B | 126.20B | 110.94B |
| Gross Profit | 286.70B | 240.30B | 203.71B | 174.06B | 156.63B | 146.70B |
| Selling, General & Admin | 55.26B | 50.17B | 42.00B | 44.34B | 42.29B | 36.42B |
| Research & Development | 74.46B | 61.09B | 49.33B | 45.43B | 39.50B | 31.56B |
| Operating Expenses | 129.72B | 111.26B | 91.32B | 89.77B | 81.79B | 67.98B |
| Operating Income | 156.98B | 129.04B | 112.39B | 84.29B | 74.84B | 78.71B |
| Interest Expense | -3.08B | -736.00M | -268.00M | -308.00M | -357.00M | -346.00M |
| Interest & Investment Income | 5.79B | 4.34B | 4.48B | 3.87B | 2.17B | 1.50B |
| Earnings From Equity Investments | -204.00M | 281.00M | -188.00M | -628.00M | -337.00M | 334.00M |
| Currency Exchange Gain (Loss) | -57.00M | -382.00M | -409.00M | -1.24B | -654.00M | -240.00M |
| Other Non Operating Income (Expenses) | -899.00M | 1.67B | 1.14B | 556.00M | 1.18B | -1.50B |
| EBT Excluding Unusual Items | 158.53B | 134.21B | 117.14B | 86.54B | 76.85B | 78.46B |
| Gain (Loss) on Sale of Investments | 129.11B | 24.62B | 2.67B | -823.00M | -5.52B | 12.27B |
| Pretax Income | 287.64B | 158.83B | 119.81B | 85.72B | 71.33B | 90.73B |
| Income Tax Expense | 51.94B | 26.66B | 19.70B | 11.92B | 11.36B | 14.70B |
| Net Income | 235.69B | 132.17B | 100.12B | 73.80B | 59.97B | 76.03B |
| Net Income to Common | 235.69B | 132.17B | 100.12B | 73.80B | 59.97B | 76.03B |
| Shares Outstanding (Basic) | 12.15B | 12.12B | 12.32B | 12.63B | 13.06B | 13.35B |
| Shares Outstanding (Diluted) | 12.30B | 12.23B | 12.45B | 12.72B | 13.16B | 13.55B |
| EPS (Basic) | 19.41 | 10.91 | 8.13 | 5.84 | 4.59 | 5.69 |
| EPS (Diluted) | 19.15 | 10.80 | 8.04 | 5.80 | 4.56 | 5.61 |
| Free Cash Flow | 19.75B | 73.27B | 72.76B | 69.50B | 60.01B | 67.01B |
| Free Cash Flow Per Share | 1.60 | 5.99 | 5.85 | 5.46 | 4.56 | 4.94 |
| Dividend Per Share | 0.86 | 0.83 | 0.60 | |||
| Gross Margin | 60.86% | 59.65% | 58.20% | 56.62% | 55.38% | 56.94% |
| Operating Margin | 33.32% | 32.03% | 32.11% | 27.42% | 26.46% | 30.55% |
| Profit Margin | 50.03% | 32.81% | 28.60% | 24.01% | 21.20% | 29.51% |
| Free Cash Flow Margin | 4.19% | 18.19% | 20.79% | 22.61% | 21.22% | 26.01% |
| EBITDA | 185.52B | 150.18B | 127.70B | 96.24B | 88.32B | 88.99B |
| EBITDA Margin | 39.38% | 37.28% | 36.48% | 31.31% | 31.23% | 34.54% |
| D&A For EBITDA | 28.54B | 21.14B | 15.31B | 11.95B | 13.47B | 10.27B |
| EBIT | 156.98B | 129.04B | 112.39B | 84.29B | 74.84B | 78.71B |
| EBIT Margin | 33.32% | 32.03% | 32.11% | 27.42% | 26.46% | 30.55% |
| Effective Tax Rate | 18.06% | 16.78% | 16.44% | 13.91% | 15.92% | 16.20% |
| Advertising Expenses | 9.90B | 8.70B | 8.70B | 9.20B | 7.90B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 56.33B | 30.71B | 23.47B | 24.05B | 21.88B | 20.95B |
| Short-Term Investments | 208.76B | 96.14B | 72.19B | 86.87B | 91.88B | 118.70B |
| Cash & Short-Term Investments | 265.10B | 126.84B | 95.66B | 110.92B | 113.76B | 139.65B |
| Accounts Receivable | 72.78B | 62.89B | 52.34B | 47.96B | 40.26B | 39.30B |
| Receivables | 72.78B | 62.89B | 52.34B | 47.96B | 40.26B | 39.30B |
| Inventory | 13.31B | 1.17B | ||||
| Other Current Assets | 23.48B | 16.31B | 15.71B | 12.65B | 10.78B | 8.02B |
| Total Current Assets | 374.67B | 206.04B | 163.71B | 171.53B | 164.79B | 188.14B |
| Property, Plant & Equipment | 393.10B | 261.82B | 184.62B | 148.44B | 127.05B | 110.56B |
| Long-Term Investments | 135.23B | 68.69B | 37.98B | 31.93B | 30.49B | 29.55B |
| Goodwill | 58.12B | 33.38B | 31.89B | 29.20B | 28.96B | 22.96B |
| Other Intangible Assets | 8.82B | 1.42B | ||||
| Long-Term Deferred Tax Assets | 1.46B | 9.11B | 17.18B | 12.17B | 5.26B | 1.28B |
| Other Long-Term Assets | 31.93B | 16.25B | 14.87B | 9.13B | 8.71B | 5.36B |
| Total Assets | 1.00T | 595.28B | 450.26B | 402.39B | 365.26B | 359.27B |
| Accounts Payable | 21.98B | 12.20B | 7.99B | 7.49B | 5.13B | 6.04B |
| Accrued Expenses | 40.16B | 36.48B | 31.87B | 36.14B | 31.74B | 27.91B |
| Short-Term Debt | 2.30B | |||||
| Current Portion of Long-Term Debt | 1.02B | 2.00B | 999.00M | 1.00B | ||
| Current Portion of Leases | 4.75B | 3.65B | 3.12B | 3.07B | 2.77B | 2.30B |
| Current Income Taxes Payable | 1.70B | 523.00M | 2.90B | 2.75B | 1.63B | |
| Current Unearned Revenue | 9.43B | 6.58B | 5.04B | 4.14B | 3.91B | 3.29B |
| Other Current Liabilities | 55.47B | 41.31B | 34.91B | 27.22B | 24.11B | 24.71B |
| Total Current Liabilities | 134.50B | 102.75B | 89.12B | 81.81B | 69.30B | 64.25B |
| Long-Term Debt | 125.10B | 46.55B | 10.88B | 11.87B | 12.86B | 12.84B |
| Long-Term Leases | 19.47B | 14.80B | 13.13B | 13.84B | 14.35B | 13.36B |
| Long-Term Unearned Revenue | 599.00M | 535.00M | ||||
| Long-Term Deferred Tax Liabilities | 27.83B | 514.00M | 5.26B | |||
| Other Long-Term Liabilities | 18.86B | 15.92B | 12.03B | 11.49B | 11.51B | 11.38B |
| Total Liabilities | 325.76B | 180.02B | 125.17B | 119.01B | 109.12B | 107.63B |
| Common Stock | 147.07B | 93.13B | 84.80B | 76.53B | 68.18B | 61.77B |
| Retained Earnings | 516.78B | 324.06B | 245.08B | 211.25B | 195.56B | 191.48B |
| Comprehensive Income & Other | -4.33B | -1.92B | -4.80B | -4.40B | -7.60B | -1.62B |
| Shareholders' Equity | 677.55B | 415.26B | 325.08B | 283.38B | 256.14B | 251.63B |
| Total Liabilities & Equity | 1.00T | 595.28B | 450.26B | 402.39B | 365.26B | 359.27B |
| Total Debt | 150.33B | 67.00B | 30.44B | 29.79B | 29.98B | 28.51B |
| Net Cash (Debt) | 114.77B | 59.85B | 65.22B | 81.13B | 83.78B | 111.14B |
| Net Cash Per Share | 9.33 | 4.89 | 5.24 | 6.38 | 6.37 | 8.20 |
| Filing Date Shares Outstanding | 12.29B | 12.10B | 12.19B | 12.43B | 12.81B | 13.22B |
| Total Common Shares Outstanding | 12.29B | 12.09B | 12.21B | 12.46B | 12.85B | 13.24B |
| Working Capital | 240.16B | 103.29B | 74.59B | 89.72B | 95.50B | 123.89B |
| Book Value Per Share | 53.65 | 34.35 | 26.62 | 22.74 | 19.93 | 19.00 |
| Tangible Book Value | 592.59B | 381.88B | 293.20B | 254.18B | 227.18B | 227.26B |
| Tangible Book Value Per Share | 48.20 | 31.59 | 24.01 | 20.40 | 17.68 | 17.16 |
| Land | 66.90B | 58.88B | ||||
| Machinery | 314.00M | 208.00M | ||||
| Construction In Progress | 27.66B | 23.17B | ||||
| Leasehold Improvements | 10.57B | 9.15B | ||||
| Order Backlog | 242.80B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 235.69B | 132.17B | 100.12B | 73.80B | 59.97B | 76.03B |
| Depreciation & Amortization | 28.54B | 21.14B | 15.31B | 11.95B | 13.47B | 10.27B |
| Loss (Gain) From Sale of Investments | -129.11B | -24.62B | -2.67B | 823.00M | 5.52B | -12.27B |
| Stock-Based Compensation | 30.41B | 24.95B | 22.79B | 22.46B | 19.36B | 15.38B |
| Other Operating Activities | 39.84B | 10.46B | -1.84B | -3.43B | -4.60B | 3.76B |
| Change in Accounts Receivable | -16.02B | -8.78B | -5.89B | -7.83B | -2.32B | -9.10B |
| Change in Accounts Payable | 3.60B | 907.00M | 359.00M | 664.00M | 707.00M | 283.00M |
| Change in Unearned Revenue | 4.44B | 2.42B | 1.04B | 525.00M | 367.00M | 774.00M |
| Change in Income Taxes | 4.67B | -3.23B | -2.42B | 523.00M | 584.00M | -625.00M |
| Change in Other Net Operating Assets | -12.71B | 9.30B | -1.50B | 2.28B | -1.58B | 7.14B |
| Operating Cash Flow | 179.55B | 164.71B | 125.30B | 101.75B | 91.50B | 91.65B |
| Capital Expenditures | -159.80B | -91.45B | -52.53B | -32.25B | -31.48B | -24.64B |
| Cash Acquisitions | -34.27B | -1.59B | -2.93B | -495.00M | -6.97B | -2.62B |
| Investment in Securities | -73.47B | -24.88B | 12.60B | 6.73B | 16.57B | -8.81B |
| Other Investing Activities | -1.40B | -2.37B | -2.67B | -1.05B | 1.59B | 541.00M |
| Investing Cash Flow | -268.95B | -120.29B | -45.54B | -27.06B | -20.30B | -35.52B |
| Long-Term Debt Issued | 64.56B | 13.59B | 10.79B | 52.87B | 20.20B | |
| Long-Term Debt Repaid | -32.43B | -12.70B | -11.55B | -54.07B | -21.43B | |
| Net Debt Issued (Repaid) | 96.57B | 32.14B | 888.00M | -760.00M | -1.20B | -1.24B |
| Repurchase of Common Stock | -5.90B | -45.71B | -62.22B | -61.50B | -59.30B | -50.27B |
| Common Dividends Paid | -2.54B | -10.05B | -7.36B | |||
| Other Financing Activities | -19.12B | -13.77B | -11.04B | -9.83B | -9.27B | -9.85B |
| Financing Cash Flow | 122.78B | -37.39B | -79.73B | -72.09B | -69.76B | -61.36B |
| Foreign Exchange Rate Adjustments | -145.00M | 208.00M | -612.00M | -421.00M | -506.00M | -287.00M |
| Net Cash Flow | 33.24B | 7.24B | -582.00M | 2.17B | 934.00M | -5.52B |
| Free Cash Flow | 19.75B | 73.27B | 72.76B | 69.50B | 60.01B | 67.01B |
| Free Cash Flow Margin | 4.19% | 18.19% | 20.79% | 22.61% | 21.22% | 26.01% |
| Free Cash Flow Per Share | 1.60 | 5.99 | 5.85 | 5.46 | 4.56 | 4.94 |
| Levered Free Cash Flow | -1.16B | 38.09B | 53.16B | 56.28B | 49.94B | 47.01B |
| Unlevered Free Cash Flow | 760.00M | 38.55B | 53.33B | 56.47B | 50.16B | 47.23B |
| Cash Income Tax Paid | 21.53B | 21.53B | 27.35B | 19.16B | 18.90B | 13.41B |
| Change in Working Capital | -25.82B | 618.00M | -8.41B | -3.85B | -2.23B | -1.52B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.43T | 3.78T | 2.32T | 1.76T | 1.15T | 1.92T |
| Enterprise Value | 3.31T | 3.73T | 2.26T | 1.67T | 1.06T | 1.81T |
| Last Close Price | 279.84 | 312.39 | 188.20 | 138.37 | 87.40 | 143.49 |
| PE Ratio | 14.56 | 28.61 | 23.21 | 23.79 | 19.09 | 25.28 |
| Forward PE | 20.25 | 29.41 | 22.05 | 21.69 | 17.89 | 26.61 |
| PS Ratio | 7.47 | 9.39 | 6.64 | 5.71 | 4.05 | 7.46 |
| PB Ratio | 5.22 | 9.11 | 7.15 | 6.20 | 4.47 | 7.64 |
| P/TBV Ratio | 5.94 | 9.90 | 7.92 | 6.91 | 5.04 | 8.46 |
| P/FCF Ratio | 178.12 | 51.61 | 31.93 | 25.26 | 19.08 | 28.68 |
| P/OCF Ratio | 19.59 | 22.96 | 18.54 | 17.25 | 12.51 | 20.97 |
| PEG Ratio | 1.56 | 1.91 | 1.33 | 1.23 | 1.03 | 1.17 |
| EV/Sales Ratio | 7.22 | 9.25 | 6.46 | 5.42 | 3.74 | 7.02 |
| EV/EBITDA Ratio | 18.34 | 24.82 | 17.69 | 17.31 | 11.98 | 20.31 |
| EV/EBIT Ratio | 21.68 | 28.88 | 20.11 | 19.76 | 14.14 | 22.96 |
| EV/FCF Ratio | 172.31 | 50.87 | 31.05 | 23.97 | 17.63 | 26.97 |
| Debt / Equity Ratio | 0.22 | 0.16 | 0.09 | 0.10 | 0.12 | 0.11 |
| Debt / EBITDA Ratio | 0.79 | 0.43 | 0.23 | 0.30 | 0.33 | 0.31 |
| Debt / FCF Ratio | 7.61 | 0.91 | 0.42 | 0.43 | 0.50 | 0.42 |
| Net Debt / Equity Ratio | -0.17 | -0.14 | -0.20 | -0.29 | -0.33 | -0.44 |
| Net Debt / EBITDA Ratio | -0.62 | -0.40 | -0.51 | -0.84 | -0.95 | -1.25 |
| Net Debt / FCF Ratio | -5.81 | -0.82 | -0.90 | -1.17 | -1.40 | -1.66 |
| Asset Turnover | 0.61 | 0.77 | 0.82 | 0.80 | 0.78 | 0.76 |
| Inventory Turnover | 116.90 | |||||
| Quick Ratio | 2.51 | 1.85 | 1.66 | 1.94 | 2.22 | 2.79 |
| Current Ratio | 2.79 | 2.00 | 1.84 | 2.10 | 2.38 | 2.93 |
| Return on Equity (ROE) | 44.29% | 35.70% | 32.91% | 27.36% | 23.62% | 32.07% |
| Return on Assets (ROA) | 12.74% | 15.43% | 16.48% | 13.73% | 12.91% | 14.49% |
| Return on Invested Capital (ROIC) | 23.79% | 34.91% | 40.64% | 38.74% | 40.23% | 51.89% |
| Return on Capital Employed (ROCE) | 18.10% | 26.20% | 31.10% | 26.30% | 25.30% | 26.70% |
| Earnings Yield | 6.87% | 3.50% | 4.31% | 4.20% | 5.24% | 3.96% |
| FCF Yield | 0.56% | 1.94% | 3.13% | 3.96% | 5.24% | 3.49% |
| Dividend Yield | 0.32% | 0.27% | 0.32% | |||
| Payout Ratio | 4.59% | 7.60% | 7.35% | |||
| Buyback Yield / Dilution | -0.33% | 1.74% | 2.16% | 3.32% | 2.91% | 1.37% |
| Total Shareholder Return | -0.03% | 2.01% | 2.48% | 3.32% | 2.91% | 1.37% |