Google DeepMind
Financial Performance
Google DeepMind Revenue & Financials
Revenue
~$2B (FY2023)
What is Google DeepMind's revenue?
Google DeepMind had ~$2B in revenue for fiscal year 2023, up 41.6% from 2022.
- Latest revenue
- ~$2B (FY2023)
- Year-over-year
- +41.6%
- Growth rate (CAGR)
- 22.8% over 3 years
- Peak revenue
- ~$2B (FY2023)
- Years of data
- 4
Financial Analysis
Alphabet does not report Google DeepMind separately. The best public data comes from DeepMind Technologies Limited's UK accounts, which show revenue, mostly R&D fees charged to other Alphabet companies, rising from ~$1.09 billion (£826 million) in 2020 to ~$1.8 billion (£1.365 billion) in 2021, dipping to ~$1.43 billion (£1.081 billion) in 2022 and reaching about $2.02 billion (£1.53 billion) in 2023, with pre-tax profit of ~$196 million (£148.4 million) that year. These numbers measure Alphabet's internal funding of the lab rather than the commercial value of Gemini, which Google earns through Search, subscriptions and Cloud. Google DeepMind operates as a crown jewel subsidiary of Alphabet Inc., heavily driving Google's multi-trillion dollar market capitalization.
Revenue Trend Analysis
YoY Change
+41.6%
3-Year CAGR
+22.8%
Peak Year
2023
Trend
Mostly Growing
Google DeepMind has 4 full fiscal year figures on this page, compounding at +22.8% annually over 3 years. The most recent year saw a 41.6% increase versus the prior year. Annual revenue peaked in fiscal year 2023 at ~$2B. Of 3 comparable year-over-year steps, 2 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2023 | ~$2B | +41.6% | The Times, citing Companies House accounts Reported as up about $594 million (£450 million) to more than $1.98 billion (£1.5 billion); pre-tax profit ~$196 million (£148.4 million). |
| FY2022 | ~$1.4B | -20.8% | DeepMind Technologies Limited accounts (Companies House) Pre-tax profit was ~$96.1 million (£72.8 million). |
| FY2021 | ~$1.8B | +65.3% | DeepMind Technologies Limited accounts (Companies House) UK subsidiary revenue, mostly R&D services billed to other Alphabet companies. |
| FY2020 | ~$1.1B | — | DeepMind Technologies Limited accounts (Companies House) UK subsidiary revenue, mostly R&D services billed to other Alphabet companies. |
Click any row to see year details.
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Google DeepMind Revenue and Financial FAQ
Does Google DeepMind make a profit?
Its UK company, DeepMind Technologies Limited, has reported small profits on intercompany R&D fees, including ~$96.1 million (£72.8 million) pre-tax in 2022 and ~$196 million (£148.4 million) pre-tax in 2023 on revenue of more than $1.98 billion (£1.5 billion). Those figures reflect what Alphabet pays the lab, not the commercial value of Gemini.
What is Google DeepMind's revenue?
DeepMind Technologies Limited reported revenue of ~$1.09 billion (£826 million) in 2020, ~$1.8 billion (£1.365 billion) in 2021, ~$1.43 billion (£1.081 billion) in 2022 and about $2.02 billion (£1.53 billion) in 2023, according to its Companies House accounts. Alphabet does not report Google DeepMind as a separate segment.
How is Google DeepMind reported in Alphabet's results?
Alphabet reports Google Services, Google Cloud and Other Bets. Since 2023 most Google DeepMind costs have been recorded under Alphabet-level activities rather than a revenue-generating segment, while its models earn money through Search, subscriptions and Cloud.
What was the purchase price of DeepMind in 2014?
Google acquired DeepMind in January 2014 for a reported £400 million, widely converted as roughly $500 million to $650 million.
How much have Isomorphic Labs' pharma deals been worth?
In January 2024 Isomorphic Labs signed deals with Eli Lilly ($45 million upfront, up to $1.7 billion in milestones) and Novartis ($37.5 million upfront, up to $1.2 billion in milestones). Isomorphic is a separate Alphabet company that Hassabis leads.
Is DeepMind profitable?
Historically, no. DeepMind posted massive, multi-hundred-million-dollar losses every year because it employed the most expensive, brilliant AI researchers on Earth without selling a commercial product. Alphabet (Google) happily absorbed these losses to win the global AI race.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Google DeepMind Revenue & Financials." CorpDigest, https://corpdigest.com/company/deepmind/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Google DeepMind reported ~$2B in revenue (FY2023).</strong><br>Source: <a href="https://corpdigest.com/company/deepmind/financials" target="_blank" rel="noopener">CorpDigest — Google DeepMind financials</a></div>Related Financial Audits
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