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Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in Google Play and YouTube; and devices, as well as the provision of YouTube consumer subscription services, such as YouTube TV, YouTube Music and Premium, NFL Sunday Ticket, and Google One. The Google Cloud segment offers consumption-based fees and subscriptions for AI solutions, including AI infrastructure, Vertex AI platform, and Gemini enterprise. It also provides cybersecurity, and data and analytics services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet; and other enterprise services. The Other Bets segment sells transportation and internet services. Alphabet Inc. was incorporated in 1998 and is headquartered in Mountain View, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $402.8B | $180.7B | $132.2B | $73.3B | 31.8% | 15.1% | 32.0% |
| 2024 | $350.0B | $135.4B | $100.1B | $72.8B | 30.8% | 13.9% | 35.7% |
| 2023 | $307.4B | $98.0B | $73.8B | $69.5B | 26.0% | 8.7% | 23.0% |
| 2022 | $282.8B | $85.2B | $60.0B | $60.0B | 23.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 282,836 | 307,394 | 350,018 | 402,836 |
| Operating Revenue | - | 282,836 | 307,394 | 350,018 | 402,836 |
| Cost Of Revenue | - | 126,203 | 133,332 | 146,306 | 162,535 |
| Gross Profit | - | 156,633 | 174,062 | 203,712 | 240,301 |
| Operating Expense | - | 81,791 | 89,769 | 91,322 | 111,262 |
| Research And Development | - | 39,500 | 45,427 | 49,326 | 61,087 |
| Selling General And Administration | - | 42,291 | 44,342 | 41,996 | 50,175 |
| Total Expenses | - | 207,994 | 223,101 | 237,628 | 273,797 |
| Operating Income | - | 74,842 | 84,293 | 112,390 | 129,039 |
| Total Operating Income As Reported | - | 74,842 | 84,293 | 112,390 | 129,039 |
| EBITDA | - | 85,160 | 97,971 | 135,394 | 180,698 |
| Normalized EBITDA | - | 91,333 | 100,032 | 133,132 | 156,460 |
| EBIT | - | 71,685 | 86,025 | 120,083 | 159,562 |
| Interest Income | - | 2,174 | 3,865 | 4,482 | 4,337 |
| Interest Expense | - | 357 | 308 | 268 | 736 |
| Net Interest Income | - | 1,817 | 3,557 | 4,214 | 3,601 |
| Other Non Operating Income Expenses | - | 1,179 | 556 | 1,137 | 1,667 |
| Other Income Expense | - | -5,331 | -2,133 | 3,211 | 26,186 |
| Interest Expense Non Operating | - | 357 | 308 | 268 | 736 |
| Net Non Operating Interest Income Expense | - | 1,817 | 3,557 | 4,214 | 3,601 |
| Pretax Income | - | 71,328 | 85,717 | 119,815 | 158,826 |
| Tax Provision | - | 11,356 | 11,922 | 19,697 | 26,656 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -981.51 | -286.48 | 370.97 | 4,071.98 |
| Net Income Continuous Operations | - | 59,972 | 73,795 | 100,118 | 132,170 |
| Net Income From Continuing And Discontinued Operation | - | 59,972 | 73,795 | 100,118 | 132,170 |
| Net Income From Continuing Operation Net Minority Interest | - | 59,972 | 73,795 | 100,118 | 132,170 |
| Net Income | - | 59,972 | 73,795 | 100,118 | 132,170 |
| Net Income Common Stockholders | - | 59,972 | 73,795 | 100,118 | 132,170 |
| Net Income Including Noncontrolling Interests | - | 59,972 | 73,795 | 100,118 | 132,170 |
| Normalized Income | - | 65,163.49 | 75,569.52 | 98,226.97 | 112,003.98 |
| Diluted NI Availto Com Stockholders | - | 59,972 | 73,795 | 100,118 | 132,170 |
| Basic Average Shares | - | 13,063 | 12,630 | 12,319 | 12,116 |
| Diluted Average Shares | - | 13,159 | 12,722 | 12,447 | 12,230 |
| Reconciled Depreciation | - | 13,475 | 11,946 | 15,311 | 21,136 |
| Reconciled Cost Of Revenue | - | 126,203 | 133,332 | 146,306 | 162,535 |
| Total Unusual Items | - | -6,173 | -2,061 | 2,262 | 24,238 |
| Total Unusual Items Excluding Goodwill | - | -6,173 | -2,061 | 2,262 | 24,238 |
| Special Income Charges | - | -337 | -628 | -188 | 281 |
| Write Off | - | 337 | 628 | 188 | -281 |
| Gain On Sale Of Security | - | -6,173 | -2,061 | 2,262 | 24,238 |
| General And Administrative Expense | - | 15,724 | 16,425 | 14,188 | 21,482 |
| Other Gand A | - | 15,724 | 16,425 | 14,188 | 21,482 |
| Selling And Marketing Expense | - | 26,567 | 27,917 | 27,808 | 28,693 |
| Earnings From Equity Interest | - | -337 | -628 | -188 | 281 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Alphabet Inc.this co. | GOOG | $4.5T | 33.99↑ premium | 10.82 | 31.8% | 24.49 |
| Alphabet Inc. | GOOGL | $4.5T | 34.26 | 10.90 | 31.8% | 24.69 |
| Meta Platforms, Inc. | META | $1.6T | 26.35 | 7.33 | 27.8% | 15.52 |
| Netflix, Inc. | NFLX | $343.4B | 31.27 | 12.90 | 41.3% | 11.53 |
| T-Mobile US, Inc. | TMUS | $191.6B | 17.43 |
| - |
| - |
| - |
| - |
| - |
| 3.24 |
| 18.6% |
| 9.77 |
| AppLovin Corporation | APP | $187.7B | 56.32 | 87.95 | 156.2% | 43.36 |
| Verizon Communications Inc. | VZ | $187.4B | 10.91 | 1.79 | 16.4% | 7.33 |
| The Walt Disney Company | DIS | $172.5B | 13.91 | 1.57 | 11.3% | 11.06 |
| AT&T Inc. | T | $158.2B | 7.21 | 1.43 | 19.9% | 5.39 |
| Peer Median | - | 21.89 | 5.28 | 23.8% | 11.30 | |