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GOOGL

Alphabet Inc.

GOOGL

Alphabet Inc. • NASDAQ
$320.18 ▲ 0.07% (+0.23)
Market Cap $3.86 T
52w High $328.83
52w Low $140.53
Dividend Yield 0.82%
P/E 31.64
Volume 19.85M
Outstanding Shares 12.07B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $102.346B ▲ $29.749B ▲ $34.979B ▲ 34.177% ▲ $2.89 ▲ $49.741B ▲
Q2-2025 $96.428B ▲ $26.118B ▲ $28.196B ▼ 29.24% ▼ $2.33 ▼ $39.192B ▼
Q1-2025 $90.234B ▼ $23.267B ▼ $34.54B ▲ 38.278% ▲ $2.84 ▲ $46.31B ▲
Q4-2024 $96.469B ▲ $24.884B ▲ $26.536B ▲ 27.507% ▼ $2.17 ▲ $36.501B ▲
Q3-2024 $88.268B $23.273B $26.301B 29.797% $2.14 $35.745B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $98.496B ▲ $536.469B ▲ $149.602B ▲ $386.867B ▲
Q2-2025 $95.148B ▼ $502.053B ▲ $139.137B ▲ $362.916B ▲
Q1-2025 $95.328B ▼ $475.374B ▲ $130.107B ▲ $345.267B ▲
Q4-2024 $95.657B ▲ $450.256B ▲ $125.172B ▲ $325.084B ▲
Q3-2024 $93.23B $430.266B $116.147B $314.119B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $34.979B ▲ $48.414B ▲ $-27.777B ▼ $-18.383B ▼ $2.054B ▲ $24.461B ▲
Q2-2025 $28.196B ▼ $27.747B ▼ $-24.544B ▼ $-5.832B ▲ $-2.228B ▼ $5.301B ▼
Q1-2025 $34.54B ▲ $36.15B ▼ $-16.194B ▼ $-20.201B ▼ $-202M ▼ $18.953B ▼
Q4-2024 $26.536B ▲ $39.113B ▲ $-16.18B ▲ $-19.036B ▲ $3.507B ▲ $24.837B ▲
Q3-2024 $26.301B $30.698B $-18.011B $-20.094B $-7.266B $17.637B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Google Advertising Revenue
Google Advertising Revenue
 $0 ▲$0 ▲$0 ▲$74.18Bn ▲
Google Cloud
Google Cloud
 $11.96Bn ▲$12.26Bn ▲$10.35Bn ▼$15.16Bn ▲
Google Inc
Google Inc
 $0 ▲$0 ▲$0 ▲$87.05Bn ▲
Google Network
Google Network
 $7.95Bn ▲$7.26Bn ▼$7.35Bn ▲$7.35Bn ▲
Google Search Other
Google Search Other
 $54.03Bn ▲$50.70Bn ▼$54.19Bn ▲$56.57Bn ▲
Subscriptions Platforms And Devices Revenue
Subscriptions Platforms And Devices Revenue
 $0 ▲$0 ▲$0 ▲$87.05Bn ▲
YouTube Advertising Revenue
YouTube Advertising Revenue
 $0 ▲$0 ▲$0 ▲$10.26Bn ▲
Google Subscriptions Platforms And Devices
Google Subscriptions Platforms And Devices
 $11.63Bn ▲$10.38Bn ▼$11.20Bn ▲$0 ▼
Other Bets
Other Bets
 $400.00M ▲$450.00M ▲$370.00M ▼$0 ▼
YouTube Ads
YouTube Ads
 $10.47Bn ▲$8.93Bn ▼$9.80Bn ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Alphabet’s income statement shows a business that has grown steadily while becoming more profitable. Revenue has increased each year over the past five years, with particularly strong gains more recently. Profits have climbed faster than sales, which suggests better cost control and strong pricing power in advertising and cloud. After a softer year in the early 2020s, margins have clearly recovered and expanded, showing that the company has managed through a tougher macro and spending cycle and come out with a leaner cost base and higher earnings per share.

Balance Sheet

Balance Sheet The balance sheet looks robust and conservative. Total assets and shareholder equity have grown consistently, reflecting ongoing reinvestment and retained earnings. Debt levels are modest relative to the company’s size and equity base, which limits financial risk. Cash and short-term resources are substantial, even though they have not grown as fast as total assets, indicating Alphabet is actively deploying capital into infrastructure and projects while still maintaining a comfortable financial cushion.

Cash Flow

Cash Flow Alphabet generates very strong cash flow from its operations, and this has increased meaningfully over the last five years. Even with rising investment in data centers, AI infrastructure, and other long-lived assets, the company still produces a sizable amount of free cash flow after these outlays. Capital spending has ramped up notably, which aligns with its AI and cloud ambitions, but the underlying cash engine remains powerful enough to comfortably fund growth initiatives, buybacks or other corporate uses without stressing the balance sheet.

Competitive Edge

Competitive Edge Alphabet’s competitive position is anchored by its dominance in search, the scale of YouTube, and the reach of Android, all reinforced by powerful data network effects and a trusted global brand. Its advertising platform benefits from a self-reinforcing ecosystem of users, advertisers, and publishers that is very hard for rivals to replicate. In cloud, it is a strong challenger, differentiated by AI and analytics, even if it trails the two largest incumbents. Key pressures come from intense AI competition, changing user behavior in search, and ongoing regulatory and antitrust scrutiny across major regions.

Innovation and R&D

Innovation and R&D Innovation is a central strength. Alphabet’s deep investment in AI, particularly through Gemini and its integration across search, YouTube, Workspace, and Cloud, positions it at the forefront of the AI transition. The company also pursues long-duration bets in areas like autonomous driving (Waymo), health technology (Verily), and quantum computing, which provide significant optionality but come with uncertain timelines and payoffs. Its willingness to spend heavily on infrastructure, custom chips, and developer tools shows a strategy built around owning critical AI and cloud capabilities rather than relying on third parties.

Summary

Overall, Alphabet combines a highly profitable, cash-rich core business with a strong balance sheet and a broad, defensible competitive moat. Growth has re-accelerated after a period of normalization, with improving margins and rising cash generation even as capital spending climbs. The main opportunities lie in scaling AI across its ecosystem and expanding Google Cloud, while unlocking value from “Other Bets” remains a longer-term wildcard. Key risks include regulatory actions, shifts in digital advertising and search behavior in an AI-first world, and the heavy investment required to stay ahead in the AI and cloud arms race.

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