Saturday 17 October 2026 Export GOOGL’s income statement to Excel — free account

Alphabet Inc.

GOOGL Communication Services Internet Content & Information

Alphabet Inc.’s revenue for fiscal 2025 (year ended December 2025) was $402.8 billion, up 15.1% from fiscal 2024. In the quarter to June 2026, revenue grew 24.2%, EPS grew 296.1%, free cash flow fell 210.5% and total debt rose 315.8%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for three consecutive years, revenue growth for ten, operating cash flow growth for three.

340.59 8.63 −2.47%

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Market cap: $4.25T
P/E: 16.9×
Fwd P/E: 25.9×
Dividend yield: 0.25%
F-score: 7/9
Altman Z: 15.00
Beneish M: −2.64
Dividend safety: 85/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 121.84

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	5	8	4	5	5	3	2	4	2	1	1	—

Insider Ownership 51.86%

Capital & Financial Ratios $m

Market Cap 4,248,810.00

Revenue 445,866.00

Net Income 244,205.00

Free Cash Flow 53,273.00

Net Debt (144,309.00)

Current Ratio 2.72

Debt/Equity 0.15

P/E ratio 16.91

Fwd P/E 25.90

P/S ratio 9.28

P/B ratio 6.65

Past 5Y EPS Growth 29.83%

This Y EPS Growth 90.47%

Next Y EPS Growth (25.79%)

Next Y revenue growth 24.05%

Next 5Y EPS Growth 18.92%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 1.07%

10-year low 10-year high

P/S against its own 10 years 93.51%

10-year low 10-year high

P/B against its own 10 years 74.16%

10-year low 10-year high

EV/Sales against its own 10 years 93.03%

10-year low 10-year high

EV/FCF against its own 10 years 97.20%

10-year low 10-year high

Dividends

Payout Ratio 0.04

Annual Dividend Rate 0.86

Annual Dividend Yield 0.25%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.87	0.21 0.22 0.22
2025	0.83	0.20 0.21 0.21 0.21
2024	0.60	0.20 0.20 0.20
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	110,916	95,657	126,843	242,474
Receivables	47,964	52,340	62,886	69,175
Inventory	—	—	—	9,991
Other	12,650	15,714	16,309	21,884
	171,530	163,711	206,038	343,524

	2023	2024	2025	Q'26
Payables	7,493	7,987	12,200	20,258
ST’ Debt	—	—	—	—
Other	—	—	—	—
	81,814	89,122	102,745	126,111

Compound Annual Growth %

	10y	5y	3y
Sales	18.31%	17.15%	12.51%
Cash Flow	20.01%	20.39%	21.65%
Earnings	23.64%	26.83%	30.14%
Book Value	13.19%	13.29%	17.48%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	109,896	119,796	—	—	—
’25	90,234	96,428	102,346	113,828	402,836
’24	80,539	84,742	88,268	96,469	350,018
’23	69,787	74,604	76,693	86,310	307,394
’22	68,011	69,685	69,092	76,048	282,836
’21	55,314	61,880	65,118	75,325	257,637
’20	41,159	38,297	46,173	56,898	182,527

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	45,790	39,069	—	—	—
’25	36,150	27,747	48,414	52,402	164,713
’24	28,848	26,640	30,698	39,113	125,299
’23	23,509	28,666	30,656	18,915	101,746
’22	25,106	19,422	23,353	23,614	91,495
’21	19,289	21,890	25,539	24,934	91,652
’20	11,451	13,993	17,003	22,677	65,124

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	10,116	(5,855)	—	—	—
’25	18,953	5,301	24,461	24,551	73,266
’24	16,836	13,454	17,637	24,837	72,764
’23	17,220	21,778	22,601	7,896	69,495
’22	15,320	12,594	16,077	16,019	60,010
’21	13,347	16,394	18,720	18,551	67,012
’20	5,446	8,602	11,597	17,198	42,843

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	5.11	9.11	—	—	—
’25	2.81	2.31	2.87	2.82	10.81
’24	1.89	1.89	2.12	2.15	8.04
’23	1.17	1.44	1.55	1.64	5.80
’22	1.23	1.21	1.06	1.05	4.56
’21	1.31	1.36	1.40	1.53	5.61
’20	0.49	0.51	0.82	1.12	2.93

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	33.63	39.84	48.88	51.12	50.44	84.81	83.34	84.86	130.67	140.53	Analyst estimates 2026–2028 Powerpack
	High	41.95	54.32	64.57	68.35	92.19	150.97	151.55	142.68	201.42	328.83
People
People	Employees	72,053	80,110	98,771	118,899	135,301	156,500	190,234	182,502	183,323	190,820
	Revenue/emp, $m	1.25	1.38	1.39	1.36	1.35	1.65	1.49	1.68	1.91	2.11
Income, $m
Income, $m	Revenue	90,272	110,855	136,819	161,857	182,527	257,637	282,836	307,394	350,018	402,836
	Gross margin, %	61.08	58.88	56.48	55.58	53.58	56.94	55.38	56.63	58.20	59.65
	EBT	24,150	27,193	34,913	39,625	48,082	90,734	71,328	85,717	119,815	158,826
	EBT margin, %	26.75	24.53	25.52	24.48	26.34	35.22	25.22	27.89	34.23	39.43
	Net income	19,478	12,662	30,736	34,343	40,269	76,033	59,972	73,795	100,118	132,170
	Depreciation	6,144	6,915	9,035	11,781	13,697	10,273	13,475	11,946	15,311	21,136
Per share, $
Per share, $	Revenue	6.56	8.00	9.84	11.68	13.41	19.29	21.65	24.34	28.41	33.25
	Earnings	1.42	0.91	2.21	2.48	2.96	5.69	4.59	5.84	8.13	10.91
	Cash flow	2.62	2.68	3.45	3.94	4.78	6.86	7.00	8.06	10.17	13.59
	Capex	(0.72)	(0.95)	(1.81)	(1.70)	(1.64)	(1.85)	(2.41)	(2.55)	(4.26)	(7.55)
	Free cash flow	1.89	1.73	1.64	2.24	3.15	5.02	4.59	5.50	5.91	6.05
	Book value	10.11	11.00	12.78	14.54	16.34	18.84	19.61	22.44	26.39	34.27
	Shares, m	13,756	13,858	13,903	13,852	13,616	13,353	13,063	12,630	12,319	12,116
Valuation, ×
Valuation, ×	P/E	28.63	58.90	23.64	27.00	29.57	25.43	19.40	23.62	23.28	28.69
	P/S	6.16	6.71	5.31	5.73	6.54	7.51	4.12	5.68	6.66	9.41
	P/B	4.00	4.88	4.09	4.61	5.36	7.69	4.55	6.16	7.17	9.13
	EV/Sales	5.24	5.82	4.54	5.02	5.86	7.02	3.77	5.35	6.42	9.21
	EV/FCF	18.16	27.01	27.21	60.30	24.98	27.00	17.75	23.69	30.88	50.66
Cash, $m
Cash, $m	Operating cash flow	36,036	37,091	47,971	54,520	65,124	91,652	91,495	101,746	125,299	164,713
	Capex	(9,972)	(13,184)	(25,139)	(23,548)	(22,281)	(24,640)	(31,485)	(32,251)	(52,535)	(91,447)
	Free cash flow	26,064	23,907	22,832	30,972	42,843	67,012	60,010	69,495	72,764	73,266
Balance, $m
Balance, $m	Working capital	88,652	100,125	101,056	107,357	117,462	123,889	95,495	89,716	74,589	103,293
	Total debt	3,935	3,969	4,012	4,554	13,932	14,817	14,701	11,870	10,883	46,547
	Net debt	(82,398)	(97,902)	(105,128)	(115,121)	(122,762)	(124,832)	(99,061)	(99,046)	(84,774)	(80,296)
	Shareholders’ equity	139,036	152,502	177,628	201,442	222,544	251,635	256,144	283,379	325,084	415,265
Returns, %
Returns, %	ROA	12.37	6.94	14.29	13.50	13.52	22.40	16.55	19.23	23.48	25.28
	ROIC	26.17	29.97	23.73	24.78	25.82	38.80	29.78	28.58	29.23	24.08
	ROE	15.02	8.69	18.62	18.12	19.00	32.07	23.62	27.36	32.91	35.70

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GOOGL Alphabet Inc.	$4.25T	16.9×	25.9×	+24.23% (above 0%: growing)	+296.14% (above 0%: growing)	−210.45% (below 0%: shrinking)	61.65%	34.03%
GOOG Alphabet Inc.	$4.25T	16.7×	—	+24.23% (above 0%: growing)	+296.14% (above 0%: growing)	−210.45% (below 0%: shrinking)	61.65%	34.03%	Compare
META Meta Platforms, Inc.	$1.88T	26.4×	18.0×	+27.96% (above 0%: growing)	−14.42% (below 0%: shrinking)	−80.65% (below 0%: shrinking)	81.37%	30.88%	Compare
SPOT Spotify Technology	$109.8B	28.0×	33.6×	+16.69% (above 0%: growing)	n/m	+9.80% (above 0%: growing)	33.41%	13.71%	Compare
RDDT Reddit Inc.	$30.7B	34.0×	34.9×	+61.10% (above 0%: growing)	+172.92% (above 0%: growing)	+135.27% (above 0%: growing)	91.27%	28.79%	Compare
BIDU Baidu, Inc.	$22.8B	— (loss-making)	17.5×	+1.09% (above 0%: growing)	−69.18% (below 0%: shrinking)	−128.87% (below 0%: shrinking)	39.03%	9.66%	Compare
PINS Pinterest, Inc.	$12.9B	62.6×	41.1×	+18.17% (above 0%: growing)	n/m	+37.24% (above 0%: growing)	78.18%	(4.68%)	Compare
SNAP Snap Inc.	$10.9B	— (loss-making)	— (loss-making)	+18.89% (above 0%: growing)	n/m	+406.61% (above 0%: growing)	58.23%	(10.68%)	Compare
MTCH Match Group Inc.	$10.1B	14.3×	13.0×	−1.23% (below 0%: shrinking)	+43.14% (above 0%: growing)	+52.63% (above 0%: growing)	76.06%	28.77%	Compare
Median of peers	$26.7B	27.2×	25.8×	+18.53%	+43.14%	+23.52%	68.86%	21.24%

All 77 Internet Content & Information stocks →

Alphabet Inc. (GOOGL) key facts

Strength: Alphabet Inc.’s revenue for fiscal 2025 (year ended December 2025) was $402.8 billion, up 15.1% from fiscal 2024.
Strength: Net income was $132.2 billion, or $10.91 per share (basic), a net margin of 32.8%.
Alphabet Inc. (GOOGL) is an Internet Content & Information company in the Communication Services sector, listed on Nasdaq.
As of October 16, 2026, GOOGL traded at $340.59, a market capitalization of $4.25 trillion.
At that price the stock trades at 16.9× trailing-twelve-month earnings and 9.3× sales; its P/E is higher than 1% of its own readings over the past ten years.
Alphabet Inc. pays an annual dividend of $0.86 per share, a yield of 0.25%, with a payout ratio of 4.32%.
Return on equity was 35.7% and debt-to-equity 0.15.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 15.00 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 25 September 2026

Alphabet’s latest annual results show revenue, operating income and net income higher than in the preceding fiscal year, alongside higher operating cash flow. Capital expenditure also increased, leaving free cash flow only modestly above the prior year. Share repurchases and dividends returned capital to shareholders while weighted average shares declined over the longer period shown.

The latest quarter showed higher revenue, gross profit, operating income and earnings per share than both the preceding quarter and the year-earlier quarter. Free cash flow was negative in the quarter, while net debt remained negative. Valuation measures varied relative to the company’s historical medians, with earnings and book-value multiples below some historical reference points and sales- and cash-flow-based multiples above them.

Read the full analysis →