Business Description

Alphabet Inc. is a multinational technology conglomerate and the parent company of Google. Headquartered in Mountain View, California, it operates globally, offering a wide range of products including search engines, digital advertising, cloud computing, and consumer hardware. The company is distinctive for its dominant market share in online search and digital advertising, as well as its "Other Bets" portfolio of early-stage technology ventures.

Financial Statements

In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues402,836,000350,018,000307,394,000282,836,000
Cost of Sales162,535,000146,306,000133,332,000126,203,000
Gross Profit240,301,000203,712,000174,062,000156,633,000
Selling, General & Administrative Expenses50,175,00041,996,00044,342,00042,291,000
Research & Development Expenses61,087,00049,326,00045,427,00039,500,000
Operating Profit129,039,000112,390,00084,293,00074,842,000
Non-Operating Income29,787,0007,425,0001,424,000(3,514,000)
Total Non-Operating Income29,787,0007,425,0001,424,000(3,514,000)
Income Before Provision for Income Taxes158,826,000119,815,00085,717,00071,328,000
Provision for Income Taxes26,656,00019,697,00011,922,00011,356,000
Consolidated Net Income132,170,000100,118,00073,795,00059,972,000
Net Income Attributable to Common Shareholders132,170,000100,118,00073,795,00059,972,000
Basic EPS10.918.135.844.59
Diluted EPS10.828.055.804.56
Basic Weighted Average Shares Outstanding12,116,00012,319,00012,630,00013,063,000
Diluted Weighted Average Shares Outstanding12,230,00012,447,00012,722,00013,159,000
Shares Outstanding12,088,00012,211,00012,460,00012,849,000
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents30,708,00023,466,00024,048,00021,879,000
Short-Term Investments96,135,00072,191,00086,868,00091,883,000
Total Cash and Cash Equivalents126,843,00095,657,000110,916,000113,762,000
Accounts Receivable62,886,00052,340,00047,964,00040,258,000
Total Trade Receivables62,886,00052,340,00047,964,00040,258,000
Other Current Assets16,309,00015,714,00012,650,00010,775,000
Total Current Assets206,038,000163,711,000171,530,000164,795,000
Net Property, Plant & Equipment261,818,000184,624,000148,436,000127,049,000
Goodwill33,380,00031,885,00029,198,00028,960,000
Long-Term Investments68,687,00037,982,00031,008,00030,492,000
Other Long-Term Assets25,358,00032,054,00022,220,00013,968,000
Total Assets595,281,000450,256,000402,392,000365,264,000
Accounts Payable12,200,0007,987,0007,493,0005,128,000
Accrued Expenses83,967,00076,099,00070,184,00060,264,000
Unearned Revenue6,578,0005,036,0004,137,0003,908,000
Total Current Liabilities102,745,00089,122,00081,814,00069,300,000
Long-Term Debt46,547,00010,883,00011,870,00014,701,000
Leases12,744,00011,691,00012,460,00012,501,000
Other Long-Term Liabilities17,980,00013,476,00012,869,00012,618,000
Total Long-Term Liabilities77,271,00036,050,00037,199,00039,820,000
Total Liabilities180,016,000125,172,000119,013,000109,120,000
Preferred Stock0000
Common Stock93,126,00084,800,00076,534,00068,184,000
Accumulated Other Comprehensive Income(1,916,000)(4,800,000)(4,402,000)(7,603,000)
Retained Earnings324,055,000245,084,000211,247,000195,563,000
Total Common Shareholders' Equity415,265,000325,084,000283,379,000256,144,000
Total Shareholders' Equity415,265,000325,084,000283,379,000256,144,000
Total Liabilities and Shareholders' Equity595,281,000450,256,000402,392,000365,264,000
FY 2025FY 2024FY 2023FY 2022
Net Income132,170,000100,118,00073,795,00059,972,000
Depreciation & Amortization21,136,00015,311,00011,946,00013,475,000
Share-Based Compensation Expense24,953,00022,785,00022,460,00019,362,000
Other Adjustments(14,164,000)(4,509,000)(2,610,000)921,000
Changes in Trade Receivables(8,779,000)(5,891,000)(7,833,000)(2,317,000)
Changes in Accounts Payable907,000359,000664,000707,000
Changes in Accrued Expenses12,939,000(1,161,000)3,937,0003,915,000
Changes in Income Taxes Payable(3,226,000)(2,418,000)523,000584,000
Changes in Unearned Revenue2,420,0001,043,000525,000367,000
Changes in Other Operating Activities(3,643,000)(338,000)(1,661,000)(5,491,000)
Cash from Operating Activities164,713,000125,299,000101,746,00091,495,000
Capital Expenditure(91,447,000)(52,535,000)(32,251,000)(31,485,000)
Purchases of Investments(109,489,000)(91,713,000)(80,885,000)(81,405,000)
Proceeds from Sale of Investments84,607,000104,310,00087,619,00097,972,000
Payments for Business Acquisitions(1,592,000)(2,931,000)(495,000)(6,969,000)
Other Investing Activities(2,370,000)(2,667,000)(1,051,000)1,589,000
Cash from Investing Activities(120,291,000)(45,536,000)(27,063,000)(20,298,000)
Issuance of Long-Term Debt64,564,00013,589,00010,790,00052,872,000
Repayments of Long-Term Debt(32,427,000)(12,701,000)(11,550,000)(54,068,000)
Net Issuance / (Repayments) of Long-Term Debt32,137,000888,000(760,000)(1,196,000)
Issuance of Common Shares(14,167,000)(12,190,000)(9,837,000)(9,300,000)
Repurchases of Common Shares(45,709,000)(62,222,000)(61,504,000)(59,296,000)
Net Issuance / (Repurchases) of Common Shares(59,876,000)(74,412,000)(71,341,000)(68,596,000)
Common Share Dividends Paid(10,049,000)(7,363,000)00
Other Financing Activities400,0001,154,0008,00035,000
Cash from Financing Activities(37,388,000)(79,733,000)(72,093,000)(69,757,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents208,000(612,000)(421,000)(506,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash7,242,000(582,000)2,169,000934,000

Key Metrics & Ratios

MetricValue
Market Cap$3793.21B
P/E29.00x
P/S9.42x
EV/EBITDA24.81x
Return on Equity35.7%
Return on Invested Capital31.8%
Current Ratio2.01x
Dividend Yield0.3%
Free Cash Flow Margin18.2%

Margins

Gross margin
59.7%
Operating margin
32.0%
Net margin
32.8%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q1 2026 $109.90B +21.8% 36.1% $39.70B
Q4 2025 $113.83B +18.0% 31.6% $35.93B
Q3 2025 $102.35B +15.9% 30.5% $31.23B
Q2 2025 $96.43B +13.8% 32.4% $31.27B
Q1 2025 $90.23B 33.9% $30.61B
Q4 2024 $96.47B 32.1% $30.97B
Q3 2024 $88.27B 32.3% $28.52B
Q2 2024 $84.74B 32.4% $27.43B

More on Alphabet Inc.

Financial data last updated 2026-07-13. Figures compiled from public company filings.

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