Alphabet GOOGL
Public, NASDAQ, reports in USD. Founded 1998.
Theme: Internet.
Google + YT Ads.
2025-08-01 — Mature advertising margins
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 402.8bn USD | 15.1 % | 59.7 % | 15.2 % | 129.0bn USD | 32.0 % | 132.2bn USD | 10.81 | 47.1 | |
| 2024 | 350.0bn USD | 13.9 % | 58.2 % | 14.1 % | 112.4bn USD | 32.1 % | 100.1bn USD | 8.04 | 46.0 | |
| 2023 | 307.4bn USD | 8.7 % | 63.9 % | 14.8 % | 84.3bn USD | 27.4 % | 73.8bn USD | 5.80 | 36.1 | |
| 2022 | 282.8bn USD | – | 55.4 % | 14.0 % | 74.8bn USD | 26.5 % | 60.0bn USD | 4.56 | – | |
| 2026-Q2 | 119.8bn USD | 24.2 % | 61.6 % | 15.2 % | 40.8bn USD | 34.0 % | 112.2bn USD | 9.11 | 58.3 | |
| 2026-Q1 | 109.9bn USD | – | 62.4 % | 15.5 % | 39.7bn USD | 36.1 % | 62.6bn USD | 5.11 | – | |
| 2025-Q4 | 113.8bn USD | – | 59.8 % | 16.3 % | 35.9bn USD | 31.6 % | 34.5bn USD | 2.82 | – | |
| 2025-Q3 | 102.3bn USD | – | 59.6 % | 14.8 % | 31.2bn USD | 30.5 % | 35.0bn USD | 2.87 | – | |
| 2025-Q2 | 96.4bn USD | – | 59.5 % | 14.3 % | 31.3bn USD | 32.4 % | 28.2bn USD | 2.31 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 119.8bn USD | 96.4bn USD | +23.4bn (+24 %) |
| Op. margin | 34.0 % | 32.4 % | +1.6 pts |
| FCF | -5.9bn USD | 5.3bn USD | -11.2bn |
| Op. income | 40.8bn USD | ||
| Net income | 112.2bn USD | ||
| EPS (diluted) | 9.11 | 294.4 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 164.7bn USD | 91.4bn USD | 73.3bn USD | 18.2 % | 124.6 % | 107.4bn USD | – | 105.4bn USD | 7.0bn USD |
| 2024 | 125.3bn USD | 52.5bn USD | 72.8bn USD | 20.8 % | 125.2 % | 93.9bn USD | – | 73.7bn USD | 30m USD |
| 2023 | 101.7bn USD | 32.3bn USD | 69.5bn USD | 22.6 % | 137.9 % | 72.6bn USD | – | 68.7bn USD | 2.6bn USD |
| 2022 | 91.5bn USD | 31.5bn USD | 60.0bn USD | 21.2 % | 152.6 % | 62.9bn USD | 42.7bn USD | 58.8bn USD | 1.4bn USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 343.82 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 4,204.9bn USD | 2026-09-15 | |
| 52w high | 408.61 USD | 2026-09-15 | |
| 52w low | 235.84 USD | 2026-09-15 | |
| EV/EBITDA | 18.0 | 2026-07-10 (stale) | |
| Off 52w high % | -15.9 % | ||
| P/S | 10.4 | ||
| Lifetime CAGR | 23.9 % |
Notes
- 2025-08-01 opinion Mature advertising margins