Alphabet Inc. Class C Common Stock (GOOG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.91	$9.11	+213.1%	—	$119.8B	—
Q1 26	$2.63	$5.11	+94.3%	—	$109.9B	—
Q4 25	$2.64	$2.82	+6.8%	—	$113.8B	—
Q3 25	$2.26	$2.87	+27.0%	—	$102.3B	—
Q2 25	$2.2	$2.31	+5.0%	—	$96.4B	—
Q1 25	$2.01	$2.81	+39.8%	—	$90.2B	—
Q4 24	$2.13	$2.15	+0.9%	—	$96.5B	—
Q3 24	$1.85	$2.12	+14.6%	—	$88.3B	—
Q2 24	$1.84	$1.89	+2.7%	—	$84.7B	—
Q1 24	$1.51	$1.89	+25.2%	—	$80.5B	—
Q4 23	$1.6	$1.64	+2.5%	—	$86.3B	—
Q3 23	$1.32	$1.41	+6.8%	—	$76.7B	—
Q2 23	$1.34	$1.44	+7.5%	—	$74.6B	—
Q1 23	$1.06	$1.17	+10.4%	—	$69.8B	—
Q4 22	$1.19	$1.05	-11.8%	—	$76B	—
Q3 22	$1.25	$1.06	-15.2%	—	$69.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$10.9	—	—	$402.8B	—
FY24	—	$8.13	—	—	$350B	—
FY23	—	$5.84	—	—	$307.4B	—
FY22	—	$4.59	—	—	$282.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$90.3B	$110.9B	$136.8B	$161.9B	$182.5B	$257.6B	$282.8B	$307.4B	$350B	$402.8B
YoY change	+20.4%	+22.8%	+23.4%	+18.3%	+12.8%	+41.2%	+9.78%	+8.68%	+13.9%	+15.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	90.3B	110.9B	136.8B	161.9B	182.5B	257.6B	282.8B	307.4B	350B	402.8B
Cost of revenue	35.1B	45.6B	59.5B	71.9B	84.7B	110.9B	126.2B	133.3B	146.3B	162.5B
Gross profit	55.1B	65.3B	77.3B	90B	97.8B	146.7B	156.6B	174.1B	203.7B	240.3B
Gross margin	61.1%	58.9%	56.5%	55.6%	53.6%	56.9%	55.4%	56.6%	58.2%	59.7%
Research & development	13.9B	16.6B	21.4B	26B	27.6B	31.6B	39.5B	45.4B	49.3B	61.1B
Selling, general & administrative	17.5B	19.7B	23.3B	28B	29B	36.4B	42.3B	44.3B	42B	50.2B
Operating expenses	31.4B	36.4B	44.7B	54B	56.6B	68B	81.8B	89.8B	91.3B	111.3B
Operating income	23.7B	28.9B	32.6B	35.9B	41.2B	78.7B	74.8B	84.3B	112.4B	129B
Operating margin	26.3%	26.1%	23.8%	22.2%	22.6%	30.6%	26.5%	27.4%	32.1%	32%
Non-operating income, net	-662M	-2.9B	554M	1.4B	5.1B	10.9B	-5.3B	-2.1B	3.2B	26.2B
Pretax income	24.1B	27.2B	34.9B	39.6B	48.1B	90.7B	71.3B	85.7B	119.8B	158.8B
Income tax	4.7B	14.5B	4.2B	5.3B	7.8B	14.7B	11.4B	11.9B	19.7B	26.7B
Net income	19.5B	12.7B	30.7B	34.3B	40.3B	76B	60B	73.8B	100.1B	132.2B
Net margin	21.6%	11.4%	22.5%	21.2%	22.1%	29.5%	21.2%	24%	28.6%	32.8%
EBITDA	31B	37.1B	42.6B	50.3B	55.9B	91.5B	91.3B	100B	133.3B	156.5B
EPS	1.42	0.91	2.21	2.48	2.96	5.69	4.59	5.84	8.13	10.9
Diluted EPS	1.39	0.9	2.19	2.46	2.93	5.61	4.56	5.8	8.04	10.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	76.7B	86.3B	80.5B	84.7B	88.3B	96.5B	90.2B	96.4B	102.3B	113.8B	109.9B	119.8B
Cost of revenue	33.2B	37.6B	33.7B	35.5B	36.5B	40.6B	36.4B	39B	41.4B	45.8B	41.3B	45.9B
Gross profit	43.5B	48.7B	46.8B	49.2B	51.8B	55.9B	53.9B	57.4B	61B	68.1B	68.6B	73.9B
Gross margin	56.7%	56.5%	58.1%	58.1%	58.7%	57.9%	59.7%	59.5%	59.6%	59.8%	62.4%	61.6%
Research & development	11.3B	12.1B	11.9B	11.9B	12.4B	13.1B	13.6B	13.8B	15.2B	18.6B	17B	18.2B
Selling, general & administrative	10.9B	12.9B	9.5B	9.9B	10.8B	11.8B	9.7B	12.3B	14.6B	13.6B	11.9B	14.9B
Operating expenses	22.1B	25B	21.4B	21.8B	23.3B	24.9B	23.3B	26.1B	29.7B	32.1B	28.9B	33.1B
Operating income	21.3B	23.7B	25.5B	27.4B	28.5B	31B	30.6B	31.3B	31.2B	35.9B	39.7B	40.8B
Operating margin	27.8%	27.5%	31.6%	32.4%	32.3%	32.1%	33.9%	32.4%	30.5%	31.6%	36.1%	34%
Non-operating income, net	-1.1B	-326M	1.9B	-897M	2B	236M	10.2B	1.9B	11.8B	2.3B	36.9B	97.8B
Pretax income	21.2B	24.4B	28.3B	27.6B	31.7B	32.2B	41.8B	33.9B	44B	39.1B	77.4B	138.8B
Income tax	1.5B	3.7B	4.7B	3.9B	5.4B	5.7B	7.2B	5.7B	9B	4.7B	14.8B	26.6B
Net income	19.7B	20.7B	23.7B	23.6B	26.3B	26.5B	34.5B	28.2B	35B	34.5B	62.6B	112.2B
Net margin	25.7%	24%	29.4%	27.9%	29.8%	27.5%	38.3%	29.2%	34.2%	30.3%	56.9%	93.7%
EBITDA	25.7B	26B	30.3B	32.5B	33.8B	36.7B	36.5B	37.8B	39B	43.2B	47.5B	48.3B
EPS	1.56	1.66	1.91	1.91	2.14	2.17	2.84	2.33	2.89	2.85	5.17	9.23
Diluted EPS	1.55	1.64	1.89	1.89	2.12	2.15	2.81	2.31	2.87	2.82	5.11	9.11

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	530.8B	725.2B	719.8B	926B	1.2T	1.9T	1.2T	1.8T	2.3T	3.8T	4.1T
Enterprise value	448.4B	627.3B	614.7B	822.3B	1.1T	1.8T	1.1T	1.7T	2.3T	3.7T	4.1T
Shares outstanding	13.8B	13.9B	13.9B	13.9B	13.6B	13.4B	13.1B	12.6B	12.3B	12.1B	12.1B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	27.3	57.3	23.4	27	29.6	25.4	19.3	24.1	23.4	28.8	17.1
P/S	5.88	6.54	5.26	5.72	6.53	7.5	4.1	5.79	6.7	9.44	9.36
P/B	3.82	4.76	4.05	4.6	5.36	7.68	4.53	6.28	7.22	9.16	6.7
EV/EBITDA	14.5	16.9	14.4	16.3	19.4	19.9	11.8	17	17.1	23.9	23.5
EV/Sales	4.97	5.66	4.49	5.08	5.93	7.07	3.8	5.52	6.5	9.27	9.12
Earnings yield	3.67%	1.75%	4.27%	3.71%	3.38%	3.94%	5.17%	4.15%	4.27%	3.48%	5.84%
FCF yield	4.86%	3.3%	3.17%	3.34%	3.59%	3.47%	5.18%	3.9%	3.1%	1.93%	0.55%
PEG	—	—	—	—	—	—	—	—	—	—	0.06

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	61.1%	58.9%	56.5%	55.6%	53.6%	56.9%	55.4%	56.6%	58.2%	59.7%	61.6%
Operating margin	26.3%	26.1%	23.8%	22.2%	22.6%	30.6%	26.5%	27.4%	32.1%	32%	34%
Net margin	21.6%	11.4%	22.5%	21.2%	22.1%	29.5%	21.2%	24%	28.6%	32.8%	54.8%
ROE	14%	8.3%	17.3%	17%	18.1%	30.2%	23.4%	26%	30.8%	31.8%	48.7%
ROA	11.6%	6.42%	13.2%	12.4%	12.6%	21.2%	16.4%	18.3%	22.2%	22.2%	13%
ROIC	33.8%	24.7%	39.6%	31.9%	30.7%	47%	36.6%	36.1%	36.8%	30.9%	23.6%
Return on tangible assets	15.2%	7.99%	16%	14.9%	14.7%	24.5%	19.6%	21.5%	25.9%	25%	31%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	6.29	5.14	3.92	3.37	3.07	2.93	2.38	2.1	1.84	2.01	2.72
Quick ratio	6.27	5.11	3.89	3.35	3.05	2.91	2.34	2.1	1.84	2.01	2.64
Debt / equity	0.03	0.03	0.02	0.08	0.12	0.11	0.12	0.1	0.08	0.14	0.19
Debt / assets	0.02	0.02	0.02	0.06	0.08	0.08	0.08	0.07	0.06	0.1	0.12
Net debt / EBITDA	-2.66	-2.64	-2.47	-2.06	-1.96	-1.22	-0.92	-0.82	-0.53	-0.43	-0.73
Interest coverage	195.8	250.5	307.3	397.3	357.2	263.2	200.8	279.3	448.1	216.8	133.9
Effective tax rate	19.3%	53.4%	12%	13.3%	16.2%	16.2%	15.9%	13.9%	16.4%	16.8%	18.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	6.56	8	9.84	11.7	13.4	19.3	21.7	24.3	28.4	33.2	36.8
EPS (basic)	1.42	0.91	2.21	2.48	2.96	5.69	4.59	5.84	8.13	10.9	10.9
EPS (diluted)	1.39	0.9	2.19	2.46	2.93	5.61	4.56	5.8	8.04	10.8	19.9
Book value per share	10.1	11	12.8	14.5	16.3	18.8	19.6	22.4	26.4	34.3	50.9
FCF per share	1.88	1.72	1.64	2.24	3.15	5.02	4.59	5.5	5.91	6.05	4.33
Cash per share	6.28	7.35	7.85	8.64	10	10.5	8.71	8.78	7.76	10.5	19.8
Capex per share	0.72	0.95	1.81	1.7	1.64	1.85	2.41	2.55	4.26	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	11%	11.9%	18.4%	14.5%	12.2%	9.56%	11.1%	10.5%	15%	—	—
Capex / operating cash flow	29.5%	42.2%	55.2%	48.2%	34.7%	26%	38.2%	33.4%	41%	—	—
Payout ratio	—	—	—	—	—	—	—	—	7.35%	7.6%	4.26%
Dividend yield	—	—	—	—	—	—	—	—	0.31%	0.26%	0.26%

Yield

0.26%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.22

ex-dividend Sep 4, 2026

Payout ratio

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.22
Jun 8, 2026	$0.22
Mar 9, 2026	$0.21
Dec 8, 2025	$0.21
Sep 8, 2025	$0.21
Jun 9, 2025	$0.21
Mar 10, 2025	$0.20
Dec 9, 2024	$0.20

Split history

Date	Ratio
Jul 18, 2022	20:1
Apr 27, 2015	10027455:10000000

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$76.7B	$86.3B	$80.5B	$84.7B	$88.3B	$96.5B	$90.2B	$96.4B	$102.3B	$113.8B	$109.9B	$119.8B
YoY change	+11%	+13.5%	+15.4%	+13.6%	+15.1%	+11.8%	+12%	+13.8%	+15.9%	+18%	+21.8%	+24.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	86.3B	101.9B	109.1B	119.7B	136.7B	139.6B	113.8B	110.9B	95.7B	126.8B
Receivables	14.1B	18.3B	20.8B	25.3B	30.9B	39.3B	40.3B	48B	52.3B	62.9B
Inventory	268M	749M	1.1B	999M	728M	1.2B	2.7B	—	—	—
Total current assets	105.4B	124.3B	135.7B	152.6B	174.3B	188.1B	164.8B	171.5B	163.7B	206B
Property, plant & equipment	34.2B	42.4B	59.7B	84.6B	97B	110.6B	127B	148.4B	140.9B	213.5B
Goodwill & intangibles	39.5B	38.9B	40.2B	45.2B	45.2B	48.7B	60B	58.4B	63.8B	66.8B
Total assets	167.5B	197.3B	232.8B	275.9B	319.6B	359.3B	365.3B	402.4B	450.3B	595.3B
Accounts payable	2B	3.1B	4.4B	5.6B	5.6B	6B	5.1B	7.5B	8B	12.2B
Short-term debt	—	—	—	1.2B	1.7B	2.2B	2.5B	2.8B	2.9B	—
Total current liabilities	16.8B	24.2B	34.6B	45.2B	56.8B	64.3B	69.3B	81.8B	89.1B	102.7B
Long-term debt	3.9B	4B	4B	14.8B	25.1B	26.2B	27.2B	25.7B	22.6B	59.3B
Total liabilities	28.5B	44.8B	55.2B	74.5B	97.1B	107.6B	109.1B	119B	125.2B	180B
Shareholders' equity	139B	152.5B	177.6B	201.4B	222.5B	251.6B	256.1B	283.4B	325.1B	415.3B
Total debt	3.9B	4B	4B	16B	26.8B	28.4B	29.7B	28.5B	25.5B	59.3B
Net debt	-9B	-6.7B	-12.7B	-2.5B	307M	7.5B	7.8B	4.5B	2B	28.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	119.9B	110.9B	108.1B	100.7B	93.2B	95.7B	95.3B	95.1B	98.5B	126.8B	126.8B	242.5B
Receivables	41B	48B	44.6B	47.1B	49.1B	52.3B	51B	55B	57.1B	62.9B	63B	69.2B
Inventory	3B	—	—	—	—	—	—	—	—	—	—	10B
Total current assets	176.3B	171.5B	165.5B	162B	157.5B	163.7B	162.1B	166.2B	173.9B	206B	213.8B	343.5B
Property, plant & equipment	139.9B	148.4B	156.9B	164.8B	174.8B	140.9B	153.9B	172B	192.6B	213.5B	247.8B	288.3B
Goodwill & intangibles	62B	58.4B	58.4B	58.4B	63.9B	63.8B	64.3B	64.7B	66.5B	66.8B	134.4B	133.9B
Total assets	396.7B	402.4B	407.4B	414.8B	430.3B	450.3B	475.4B	502.1B	536.5B	595.3B	703.9B	922B
Accounts payable	5.8B	7.5B	6.2B	6.1B	7B	8B	8.5B	8.3B	10.5B	12.2B	16.9B	20.3B
Short-term debt	2.7B	2.8B	2.9B	2.9B	3B	2.9B	1B	—	—	—	—	—
Total current liabilities	86.3B	81.8B	77B	77.9B	80.8B	89.1B	91.7B	87.3B	99.5B	102.7B	111.2B	126.1B
Long-term debt	26.3B	25.7B	25.2B	24.9B	24B	22.6B	22.6B	35.6B	33.7B	59.3B	90.5B	112.8B
Total liabilities	123.5B	119B	114.5B	114B	116.1B	125.2B	130.1B	139.1B	149.6B	180B	225.2B	281.5B
Shareholders' equity	273.2B	283.4B	292.8B	300.8B	314.1B	325.1B	345.3B	362.9B	386.9B	415.3B	478.7B	640.5B
Total debt	29B	28.5B	28.1B	27.8B	26.9B	25.5B	23.6B	35.6B	33.7B	59.3B	90.5B	112.8B
Net debt	-1.7B	4.5B	3.6B	576M	7B	2B	300M	14.5B	10.6B	28.6B	52.4B	56.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	19.5B	12.7B	30.7B	34.3B	40.3B	76B	60B	73.8B	100.1B	132.2B
Depreciation & amortization	6.1B	6.9B	9B	11.8B	13.7B	12.4B	13.5B	11.9B	15.3B	21.1B
Stock-based compensation	6.7B	7.7B	9.4B	10.8B	13B	15.4B	19.4B	22.5B	22.8B	25B
Change in working capital	1.2B	3.4B	-4.2B	-7.6B	-5.3B	-10.5B	-5.7B	-8.3B	-8.3B	-13.2B
Operating cash flow	33.9B	31.2B	45.5B	48.9B	64.3B	94.9B	82.5B	96.5B	128.1B	164.7B
Capital expenditure	-10B	-13.2B	-25.1B	-23.5B	-22.3B	-24.6B	-31.5B	-32.3B	-52.5B	—
Investing cash flow	-31.2B	-31.4B	-28.5B	-29.5B	-32.8B	-35.5B	-20.3B	-27.1B	-45.5B	-28.8B
Dividends paid	—	—	—	—	—	—	—	—	-7.4B	-10B
Share repurchases	-3.7B	-4.8B	-9.1B	-18.4B	-31.1B	-50.3B	-59.3B	-61.5B	-62.2B	-45.7B
Financing cash flow	-5B	-3.3B	-7.2B	-18.4B	-18.7B	-51.2B	-60.5B	-62.3B	-67.5B	-23.2B
Net change in cash	-2.3B	-3.5B	9.8B	940M	12.8B	8.2B	1.8B	7.2B	15B	112.6B
Free cash flow	25.8B	23.9B	22.8B	31B	42.8B	67B	60B	69.5B	72.8B	73.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	19.7B	20.7B	23.7B	23.6B	26.3B	26.5B	34.5B	28.2B	35B	34.5B	62.6B	112.2B
Depreciation & amortization	3.2B	1.6B	3.4B	3.7B	4B	4.2B	4.5B	5B	5.6B	6B	6.5B	7.1B
Stock-based compensation	5.7B	5.7B	5.3B	5.9B	5.8B	5.8B	5.5B	6B	6.4B	7.1B	6.8B	8B
Change in working capital	-12B	-15.4B	2.9B	-5.6B	-183M	-5.5B	7.2B	-13.3B	-1.6B	-6.1B	4.6B	-10.3B
Operating cash flow	15.6B	14.3B	36B	25.3B	36.3B	30.5B	51B	26B	48.4B	52.4B	45.8B	39.1B
Capital expenditure	-8.1B	-11B	-12B	-13.2B	-13.1B	-14.3B	-17.2B	-22.4B	—	—	—	—
Investing cash flow	-7.2B	-6.2B	-8.6B	-2.8B	-18B	-16.2B	-16.2B	-24.5B	-3.8B	-23.9B	-27.7B	-37.5B
Dividends paid	0	—	—	-2.5B	-2.5B	-2.4B	-2.4B	-2.5B	-2.5B	-2.5B	-2.5B	-2.7B
Share repurchases	-15.8B	-16.2B	-15.7B	-15.7B	-15.3B	-15.6B	-15.1B	-13.6B	-11.9B	-5.5B	0	0
Financing cash flow	-15.9B	-16.6B	-16.8B	-17.7B	-17.1B	-16B	-17.1B	-3.2B	-15.5B	12.2B	30.6B	18.3B
Net change in cash	-7.5B	-8.5B	10.7B	4.9B	1.2B	-1.7B	17.8B	-1.7B	29.1B	40.7B	48.6B	19.8B
Free cash flow	22.6B	7.9B	16.8B	13.5B	17.6B	24.8B	19B	5.3B	24.5B	24.6B	10.1B	-5.9B

Alphabet Inc. Class C Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement