Alphabet GOOGL · Nasdaq Services-Computer Programming, Data Processing, Etc. · Fiscal year ends Dec 31
annual quarterly
Last 5 fiscal years
Revenue and net income $0 $200B $400B $600B Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Income statement Fiscal year Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Revenue $258B $283B $307B $350B $403B Cost of revenue $111B $126B $133B $146B $163B Gross profit $147B $157B $174B $204B $240B Research & development $31.6B $39.5B $45.4B $49.3B $61.1B Operating income $78.7B $74.8B $84.3B $112B $129B Interest expense $346M $357M $308M $268M $736M Pre-tax income $90.7B $71.3B $85.7B $120B $159B Income tax $14.7B $11.4B $11.9B $19.7B $26.7B Net income $76B $60B $73.8B $100B $132B Diluted EPS 5.61 4.56 5.80 8.04 10.81 Diluted shares – 13,159M 12,722M 12,447M 12,230M
Balance sheet Fiscal year Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Cash & equivalents $20.9B $21.9B $24B $23.5B $30.7B Receivables $39.3B $40.3B $48B $52.3B $62.9B Inventory $1.2B $2.7B – – $2.4B Current assets $188B $165B $172B $164B $206B Net PP&E $97.6B $113B $134B $171B – Goodwill $23B $29B $29.2B $31.9B $33.4B Total assets $359B $365B $402B $450B $595B Payables $6B $5.1B $7.5B $8B $12.2B Deferred revenue $3.3B $3.9B $4.1B $5B $6.6B Current liabilities $64.3B $69.3B $81.8B $89.1B $103B Short-term debt $0 $0 $1B $999M $2B Long-term debt $15.4B $15.3B $13B $12B $49.1B Total liabilities $108B $109B $119B $125B $180B Shareholders' equity $252B $256B $283B $325B $415B Backlog (remaining obligations) $51B $64.3B $74.1B $93.2B $243B
Cash flow Fiscal year Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Operating cash flow $91.7B $91.5B $102B $125B $165B Capital expenditure $24.6B $31.5B $32.3B $52.5B $91.4B Free cash flow $67B $60B $69.5B $72.8B $73.3B Depreciation & amortisation $10.3B $13.5B $11.9B $15.3B $21.1B Stock-based compensation $15.4B $19.4B $22.5B $22.8B $25B Share buybacks $50.3B $59.3B $61.5B $62.2B $45.7B Dividends paid – $0 $0 $7.4B $10B Dividend per share – – – 0.60 0.83
Key ratios Fiscal year Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Revenue growth (YoY) – 9.8% 8.7% 13.9% 15.1% Operating income growth (YoY) – −4.9% 12.6% 33.3% 14.8% EPS growth (YoY) – −18.7% 27.2% 38.6% 34.5% Gross margin 56.9% 55.4% 56.6% 58.2% 59.7% Operating margin 30.6% 26.5% 27.4% 32.1% 32.0% Net margin 29.5% 21.2% 24.0% 28.6% 32.8% Return on equity 30.2% 23.4% 26.0% 30.8% 31.8% ROCEEBIT ÷ (assets − current liabilities) 26.7% 25.3% 26.3% 31.1% 26.2% Free cash flow margin 26.0% 21.2% 22.6% 20.8% 18.2% Cash conversion (CFO ÷ net income) 1.21x 1.53x 1.38x 1.25x 1.25x Receivable days 56 52 57 55 57 Inventory days 4 8 – – 5 Payable days 20 15 21 20 27 Interest cover 227x 210x 274x 419x 175x Debt ÷ equity 0.06x 0.06x 0.05x 0.04x 0.12x Net debtDebt − cash & equivalents; excludes investments; negative = net cash −$5.5B −$6.6B −$10B −$10.5B $20.4B Current ratio 2.93x 2.38x 2.10x 1.84x 2.01x
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.