Alphabet (Google) GOOGL
Search, YouTube advertising, Google Cloud & AI. Alphabet Inc., listed on NASDAQ.
Based on the FY2025 annual report (Jan 2025 – Dec 2025)
Alphabet (Google)'s market cap is
about $3.474 trillion.
#4 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $402.836B.
- Share price (close)
- $282.57
- P/E ratio
- 26.1x
- Market cap
- $3.474T
- Revenue
- $402.836B
- Operating income
- $129.039B
- Net income
- $132.17B
- Free cash flow
- $73.266B
- Total assets
- $595.281B
- Dividends paid
- $10.049B
- Dividend per share
- $0.83
- Dividend yield
- 0.3%
- Shares outstanding
- 12,088,000,000 shares
Where the revenue went
Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.
- Cost of revenue40.3%
- R&D15.2%
- SG&A and other12.5%
- Net income32.8%
Non-operating gains such as investment income (0.8% of revenue) were added, so net income is larger than operating income.
Profitability and stability
Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.
- Revenue growthHow much revenue grew from the previous fiscal year
- +15.1%
- #74 of 299
- Revenue is growing steadily. The median across 299 companies is +7.9%.
- Operating marginShare of revenue kept as profit from the core business
- 32.0%
- #41 of 231
- 32.0% of revenue was kept as operating profit, which is very high. The median across 231 companies is 19.2%.
- Net marginShare of revenue left as profit after interest and taxes
- 32.8%
- #24 of 298
- After taxes, 32.8% of revenue was left as net income. The median across 298 companies is 14.0%.
- FCF marginShare of revenue left as cash after capital spending
- 18.2%
- #107 of 261
- Cash is left over after capital spending. The median across 261 companies is 15.8%.
- ROEHow much profit the company earned on shareholders' equity in a year
- 35.7%
- #66 of 276
- Earns a lot relative to its equity. The median across 276 companies is 16.8%.
- Debt-to-equityLiabilities relative to equity. Lower means less debt
- 43.4%
- #20 of 244
- Liabilities are smaller than equity. The median across 244 companies is 159.6%.
Revenue and profit over time
Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.
Where the cash went
Unlike profit, cash flow is money that actually came in and went out.
- Cash from operations$164.713B
- Capital spending−$91.447B
- Free cash flow (FCF)$73.266B
- Dividends paid−$10.049B
Whose money funds the assets
The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).
- Total assets$595.281B
- Total liabilities$180.016B
- Total equity$415.265B
- Cash and equivalents$30.708B
Compared with similar companies
Based on each company's latest annual report, so fiscal year ends may differ.
Compare in detail| Company | Annual revenue | Net income | Revenue growth | Operating margin | Net margin |
|---|---|---|---|---|---|
| Alphabet (Google)GOOGL | $402.836B | $132.17B | +15.1% | 32.0% | 32.8% |
| MicrosoftMSFT | $331.839B | $133.749B | +17.8% | 46.8% | 40.3% |
| Meta PlatformsMETA | $200.966B | $60.458B | +22.2% | 41.4% | 30.1% |
| AmazonAMZN | $716.924B | $77.67B | +12.4% | 11.2% | 10.8% |
| AppleAAPL | $478.834B | $132.175B | +15.1% | 33.0% | 27.6% |
| OracleORCL | $67.357B | $17.087B | +17.4% | 30.6% | 25.4% |
What the company does
Alphabet is the holding company for Google Services (Search, YouTube, Android, Chrome and the Google Network ad business), Google Cloud for enterprises, and Other Bets such as the self-driving unit Waymo.
- Google Services (Search & other, YouTube ads, Google Network, subscriptions, platforms and Pixel devices)
- Google Cloud (Google Cloud Platform infrastructure, data and AI solutions, Google Workspace)
- Other Bets (Waymo self-driving, Verily life sciences and other early-stage ventures)
The fiscal year ends on December 31. The key question is whether highly cash-generative Search and YouTube advertising can keep free cash flow large while R&D and AI infrastructure spending rise.
Related companies: Microsoft, Meta Platforms, Amazon, Apple, Oracle
Financial statements
Last 5 fiscal years. Currency: US dollars.
Show the table
| Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 257.637B | 282.836B | 307.394B | 350.018B | 402.836B |
| Cost of revenue | 110.939B | 126.203B | 133.332B | 146.306B | 162.535B |
| Gross profit | 146.698B | 156.633B | 174.062B | 203.712B | 240.301B |
| R&D expense | 31.562B | 39.5B | 45.427B | 49.326B | 61.087B |
| Operating income | 78.714B | 74.842B | 84.293B | 112.39B | 129.039B |
| Pretax income | 90.734B | 71.328B | 85.717B | 119.815B | 158.826B |
| Net income | 76.033B | 59.972B | 73.795B | 100.118B | 132.17B |
| EPS (diluted) | $5.61 | $4.56 | $5.80 | $8.04 | $10.81 |
| Operating cash flow | 91.652B | 91.495B | 101.746B | 125.299B | 164.713B |
| Capital expenditures | 24.64B | 31.485B | 32.251B | 52.535B | 91.447B |
| Free cash flow (FCF) | 67.012B | 60.01B | 69.495B | 72.764B | 73.266B |
| Dividends paid | — | 0 | 0 | 7.363B | 10.049B |
| Total assets | 359.268B | 365.264B | 402.392B | 450.256B | 595.281B |
| Total liabilities | 107.633B | 109.12B | 119.013B | 125.172B | 180.016B |
| Total equity | 251.635B | 256.144B | 283.379B | 325.084B | 415.265B |
| Cash and equivalents | 20.945B | 21.879B | 24.048B | 23.466B | 30.708B |
| Original filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: SEC EDGAR filings for Alphabet Inc. · CIK 0001652044 · US-GAAP