GOOGL Financials Alphabet

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 17.2% per year over the past 5 years.
Net income has grown faster than revenue (26.8% vs 17.2% per year).
Operating margin has expanded, at 32.0% in the latest year.
Free cash flow has grown 11.3% per year over the past 5 years.

Financial health

Total debt ($49.1B) exceeds cash ($30.7B); net debt is $18.4B.
Total debt has grown faster than revenue (26.2% vs 17.2% per year).
Operating income covered interest expense 175× in the latest year.
Total debt is 0.4× EBITDA.

Shareholder returns

Dividends have been paid for 2 consecutive years, consuming 7.6% of earnings and 13.7% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$402.8B	$132.2B	59.7%	32.0%	$73.3B	$49.1B	$30.7B
2024	$350.0B	$100.1B	58.2%	32.1%	$72.8B	$14.3B	$23.5B
2023	$307.4B	$73.8B	56.6%	27.4%	$69.5B	$13.0B	$24.0B
2022	—	$60.0B	—	—	$60.0B	$15.3B	$21.9B
2021	$257.6B	$76.0B	56.9%	30.6%	$67.0B	$15.4B	$20.9B
2020	$182.5B	$40.3B	53.6%	22.6%	$42.8B	$15.3B	$26.5B
2019	$161.9B	$34.3B	55.6%	21.1%	$31.0B	$4.7B	$18.5B
2018	$136.8B	$30.7B	56.5%	20.1%	$22.8B	$4.1B	$16.7B
2017	$110.9B	$12.7B	58.9%	23.6%	$23.9B	$4.0B	$10.7B
2016	$90.3B	$19.5B	61.1%	26.3%	$25.8B	$4.0B	$12.9B
2015	$75.0B	$16.3B	62.4%	25.8%	$16.6B	$5.2B	$16.5B
2014	$66.0B	$14.1B	61.1%	25.0%	$12.0B	$5.0B	$18.3B
2013	$55.5B	$12.7B	60.4%	27.7%	$11.8B	—	$18.9B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$109.9B	$62.6B	62.4%	36.1%	$10.1B	$79.5B	$38.1B
Dec '25	$113.8B	$34.5B	59.8%	31.6%	$24.6B	$49.1B	$30.7B
Sep '25	$102.3B	$35.0B	59.6%	30.5%	$24.5B	$26.6B	$23.1B
Jun '25	$96.4B	$28.2B	59.5%	32.4%	$5.3B	$27.6B	$21.0B
Mar '25	$90.2B	$34.5B	59.7%	33.9%	$19.0B	$14.4B	$23.3B
Dec '24	$96.5B	$26.5B	57.9%	32.1%	$24.8B	$14.3B	$23.5B
Sep '24	$88.3B	$26.3B	58.7%	32.3%	$17.6B	—	$20.0B
Jun '24	$84.7B	$23.6B	58.1%	32.4%	$13.5B	—	$27.2B
Mar '24	—	$23.7B	—	—	$16.8B	—	$24.5B
Dec '23	—	$20.7B	—	—	$7.9B	$13.0B	$24.0B
Sep '23	—	$19.7B	—	—	$22.6B	—	$30.7B
Jun '23	—	$18.4B	—	—	$21.8B	—	$25.9B
Mar '23	—	$15.1B	—	—	$17.2B	—	$25.9B
Dec '22	—	$13.6B	—	—	$16.0B	$15.3B	$21.9B
Sep '22	—	$13.9B	—	—	$16.1B	—	$22.0B
Jun '22	—	$16.0B	—	—	$12.6B	—	$17.9B
Mar '22	—	$16.4B	—	—	$15.3B	—	$20.9B
Dec '21	—	$20.6B	—	—	$18.6B	$15.4B	$20.9B
Sep '21	—	$18.9B	—	—	$18.7B	—	$23.7B
Jun '21	$61.9B	$18.5B	57.6%	31.3%	$16.4B	—	$23.6B

Valuation over time

How the market has priced GOOGL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 20.9× (Mar '23) to 31.5× (Jun '26).
The price-to-sales ratio has risen from 5.5× (Jan '24) to 10.3× (Jun '26).
The dividend yield has fallen from 0.3% (Dec '24) to 0.2% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is GOOGL growing its revenue and profit?

Over the past 5 years, Alphabet's revenue has grown 17.2% per year, and net income grown 26.8% per year. These are computed facts, not advice.

How much debt does GOOGL have?

As of FY2025, Alphabet reported $49.1B of total debt against $30.7B of cash; operating income covered interest expense 175×.

What is GOOGL's profit margin?

In FY2025, gross margin was 59.7%, operating margin 32.0%, and net margin 32.8%.

What is GOOGL's P/E ratio?

As of Jun '26, Alphabet traded at a price-to-earnings ratio of about 31.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.