Alphabet Inc.
Financial Performance
Google Revenue & Financials
Revenue
$402.8B (FY2025)
Market Cap
$4.31T
Net Income
$132.2B
Employees
190,820
What is Google's revenue?
Google had $402.8B in revenue for fiscal year 2025, up 15.1% from 2024. Net income was $132.2B.
- Latest revenue
- $402.8B (FY2025)
- Year-over-year
- +15.1%
- Growth rate (CAGR)
- 18.1% over 9 years
- Peak revenue
- $402.8B (FY2025)
- Years of data
- 10
- Employees
- 190,820
Financial Analysis
Alphabet's FY2025 Form 10-K reported $402.836 billion of revenue and $132.170 billion of net income, making it one of the most profitable companies in the world. Growth accelerated in 2026: Q2 2026 revenue rose 24% year over year to $119.8 billion, operating income rose 30% to $40.8 billion and operating margin reached 34.0%. Reported Q2 net income of $112.1 billion was inflated by a $99.0 billion gain, mostly unrealized gains on equity holdings, so operating income is the cleaner measure. The trade-off is spending: management raised 2026 capital expenditure guidance to $195-205 billion, and analysts flagged negative free cash flow in Q2 2026 as data-center investment outpaced operating cash flow. Google (Alphabet Inc.) is consistently valued at over $2 trillion, driven by its dominance in search advertising and cloud computing. Alphabet Inc. (Google's parent company) is one of the most valuable corporations in human history, commanding a monumental market capitalization exceeding $2 trillion.
Revenue Trend Analysis
YoY Change
+15.1%
9-Year CAGR
+18.1%
Peak Year
2025
Trend
Consistent Growth
Alphabet Inc. has 10 full fiscal year figures on this page, compounding at +18.1% annually over 9 years. The most recent year saw a 15.1% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $402.8B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
Alphabet Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $164.7B | $91.4B | $595.3B | $180B | $415.3B | $73.3B | Form 10-K |
| FY2024ended Dec 31, 2024 | $125.3B | $52.5B | $450.3B | $125.2B | $325.1B | $72.8B | Form 10-K |
| FY2023ended Dec 31, 2023 | $101.7B | $32.3B | $402.4B | $119B | $283.4B | $69.5B | Form 10-K |
| FY2022ended Dec 31, 2022 | $91.5B | $31.5B | $365.3B | $109.1B | $256.1B | $60B | Form 10-K |
| FY2021ended Dec 31, 2021 | $91.7B | $24.6B | $359.3B | $107.6B | $251.6B | $67B | Form 10-K |
| FY2020ended Dec 31, 2020 | $65.1B | $22.3B | $319.6B | $97.1B | $222.5B | $42.8B | Form 10-K |
| FY2019ended Dec 31, 2019 | $54.5B | $23.5B | $275.9B | $74.5B | $201.4B | $31B | Form 10-K |
| FY2018ended Dec 31, 2018 | $48B | $25.1B | $232.8B | $55.2B | $177.6B | $22.8B | Form 10-K |
| FY2017ended Dec 31, 2017 | $37.1B | $13.2B | $197.3B | $44.8B | $152.5B | $23.9B | Form 10-K |
| FY2016ended Dec 31, 2016 | $36B | $10.2B | $167.5B | $28.5B | $139B | $25.8B | Form 10-K |
Keep researching Google
Google Revenue and Financial FAQ
What is the annual revenue and profitability scale of Alphabet Inc.?
According to Alphabet Inc.'s Form 10-K filed with the SEC, Alphabet generated $402.84 billion in revenue for fiscal year 2025 (up 15.1% from $350.02 billion in 2024), delivering $129.04 billion in operating income, $132.17 billion in net income, and $164.71 billion in operating cash flow.
How does Google Cloud contribute to Alphabet's overall segment profitability?
Google Cloud has transformed from an early-stage investment into a large, highly profitable operating engine, generating over $35 billion to $40+ billion in annual revenue with expanding operating profit margins exceeding 10% as enterprise GCP and AI workloads scale.
What is Alphabet's balance sheet cash position and capital allocation framework?
Alphabet maintains one of the largest corporate cash reserves in the world, holding over $100 billion to $110+ billion in cash, cash equivalents, and marketable securities with negligible debt. Alphabet deploys capital toward multi-billion-dollar AI data center CapEx, accelerated share repurchases, and initiated its first-ever quarterly cash dividend in 2024.
How much capital expenditure (CapEx) does Alphabet allocate toward AI infrastructure and data centers?
Alphabet invests $40 billion to $50+ billion annually in capital expenditures, aggressively expanding global hyperscale data centers, submarine fiber-optic cables, custom Tensor Processing Unit (TPU v5/v6) clusters, and advanced liquid-cooled GPU compute clusters for AI training and inference.
What proportion of Alphabet's consolidated revenues are generated internationally?
Alphabet is a truly global enterprise: the United States accounts for approximately 47% to 50% of total revenues, with Europe, the Middle East, and Africa (EMEA) generating roughly 28% to 30%, Asia-Pacific (APAC) contributing 16% to 18%, and other Americas generating the remainder.
How do foreign currency translation fluctuations affect Alphabet's reported earnings?
Because more than half of Alphabet's revenues originate outside the US, a strengthening US Dollar creates negative revenue translation headwinds. Alphabet selectively uses foreign exchange forward contracts and options to hedge anticipated non-USD cash flows.
What is the financial performance and annual operating loss profile of Other Bets?
Other Bets generates approximately $1 billion to $1.5 billion in annual revenue while incurring operating losses of $3 billion to $4 billion annually, reflecting patient, long-term venture R&D investments in autonomous mobility (Waymo), life sciences (Verily), and longevity research (Calico).
What is Alphabet's research and development (R&D) expenditure scale?
Alphabet consistently reinvests 12% to 15% of total revenues into R&D (over $45 billion annually), funding advanced computer science research at Google DeepMind, quantum computing at Google Quantum AI, advanced silicon design, and robotics.
Why did Google change its name to Alphabet?
In 2015, Google executed a massive corporate restructuring, creating a new holding company called Alphabet. Because Google was spending massive billions on crazy "moonshot" projects (like Waymo self-driving cars and Calico life extension), Wall Street was getting nervous. Alphabet allowed them to financially separate the highly profitable search engine from the money-burning experimental bets.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Google Revenue & Financials." CorpDigest, https://corpdigest.com/company/google/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 reported $402.8B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/google/financials" target="_blank" rel="noopener">CorpDigest — Google financials</a></div>Related Financial Audits
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