FirmAtlas

Company handbook · GOOG · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17

GOOG · CIK 1652044 · LATEST FILING: 10-Q JUN '26 · FILED JUL 23, 2026

Alphabet Inc.

$336.91 −8.00 (−2.32%)

Close, Oct 16, 2026 · 52-week $245–404

↗ google.com

Alphabet owns Google. It earns most of its money from ads on Google Search, YouTube and partner sites, and also sells Google Cloud computing and AI services (including Gemini), subscriptions such as YouTube Premium and Google One, Pixel phones, and apps on Google Play. Its Other Bets include Waymo self-driving cars.

SegmentsGoogle Services 85% · Google Cloud 15% · All Other Segments 0% (FY25)
CustomersAdvertisers of all sizes, and businesses and governments that use Google Cloud; consumers use most services free. Ads are sold online and by its sales force, Cloud by its sales force and partners
Cash useFY24–FY25: capex $144.0B · buybacks $107.9B · dividends $17.4B
Reinvested 50% of operating cash flow · returned 86% of free cash flow

Last fiscal year

Alphabet Inc. reported revenue of $402.8B for the year ended Dec 31, 2025 (FY25), up 15.1% from FY24. Net income was $132.2B, operating cash flow $164.7B and free cash flow $73.3B. Source: 10-K filed Feb 5, 2026.

Market cap

$4.07T

P/E

16.7

EV/EBITDA

26.6x

P/B

6.4

Div yield

0.26%

ROIC

37.2%

Revenue 1Y

15.1%/yr

EPS 1Y

34.5%/yr

Shares 1Y

−1%

Loading chart…

Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOSundar Pichai

HQMountain View, CA

AuditorErnst & Young LLP

Employees190,820

Year endsDecember

Revenue by segment · FY25

Google Services85%

Google Cloud15%

All Other Segments0%

Compounded growth & averages

10Y

TTM

Share price

24.1%

18.9%

33.9%

33.8%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$269.3B deployed

Capex $144.0B 53.5%

Dividends $17.4B 6.5%

Buybacks $107.9B 40.1%

Operating cash flow over the period: $290.0B. Total debt changed by +$38.2B. R&D of $110.4B is already inside operating costs.

More cash than debt at the end of FY25.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Aug 10, 2026 Other announcement 8-K Jul 22, 2026 Quarterly results 8-K Jun 11, 2026 Executive or director change 8-K Jun 5, 2026 Material agreement 8-K Jun 5, 2026 Executive or director change 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

Per-share figures are split-adjusted (20-for-1 split after FY20).

TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

350,018

402,836+15.1%

445,866

YoY

+15.1%

Gross profit

203,712

240,301+18.0%

271,517

Gross margin

58.2%

59.7%+1.5 pp

—

Operating income

112,390

129,039+14.8%

147,628

Operating margin

32.1%

32.0%−0.1 pp

—

EBITDA

127,701

150,175+17.6%

—

EBITDA margin

36.5%

37.3%+0.8 pp

—

Interest expense

268

736+174.6%

—

Interest coverage

476.50x

204.04x−272.45x

—

Net income

100,118

132,170+32.0%

244,205

YoY

+32.0%

Net margin

28.6%

32.8%+4.2 pp

—

EPS (diluted, $)

8.04

10.81+34.5%

19.94

YoY

+34.5%

Balance sheet

FY24 FY25

TTM

Total assets

450,256

595,281+32.2%

921,983

Cash & short-term investments

95,657

126,843+32.6%

—

Accounts receivable

52,340

62,886+20.1%

—

Net PP&E

171,036

246,597+44.2%

—

Other assets

131,223

158,955+21.1%

—

Total liabilities

125,172

180,016+43.8%

281,503

Accounts payable

7,987

12,200+52.7%

—

Total debt

10,883

49,085+351.0%

98,165

Other liabilities

106,302

118,731+11.7%

—

Shareholders’ equity

325,084

415,265+27.7%

640,480

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

125,299

164,713+31.5%

185,675

Net income

100,118

132,170+32.0%

—

Depreciation & amortization

15,311

21,136+38.0%

—

Stock-based compensation

22,785

24,953+9.5%

—

Working capital & other

(12,915)

(13,546)n/m

—

Cash from investing

(45,536)

(120,291)n/m

—

Capex

(52,535)

(91,447)n/m

—

Investments bought

(86,679)

(103,773)n/m

—

Investments sold / matured

103,428

83,240−19.5%

—

Other investing

(9,750)

(8,311)n/m

—

Cash from financing

(79,733)

(37,388)n/m

—

Debt raised

13,589

64,564+375.1%

—

Dividends

(7,363)

(10,049)n/m

—

Buybacks

(62,222)

(45,709)n/m

—

Other financing

(23,737)

(46,194)n/m

—

Net change in cash

(582)

7,242n/m

—

Free cash flow (OCF − capex)

72,764

73,266+0.7%

53,273

Where the cash went

FY24 FY25

TTM

Operating cash flow

125,299

164,713+31.5%

185,675

Reinvested in the business

52,535

91,447+74.1%

—

% of operating cash flow

41.9%

55.5%

Capex

52,535

91,447+74.1%

132,402

R&D (memo, already in costs)

49,326

61,087+23.8%

—

Free cash flow

72,764

73,266+0.7%

53,273

YoY

+0.7%

Returned to shareholders

69,585

55,758−19.9%

—

% of free cash flow

95.6%

76.1%

Dividends

7,363

10,049+36.5%

—

Buybacks

62,222

45,709−26.5%

—

Change in total debt

—

38,202

—

Cash left over

—

55,710

—

FCF conversion (FCF ÷ net income)

72.7%

55.4%−17.2 pp

—

Owner earnings

—

55,526

—

Owner earnings margin

—

13.8%

—

Buyback yield

2.7%

1.2%−1.5 pp

—

Returns & ratios

FY24 FY25

TTM

ROIC (all capital)

39.1%

37.2%−1.9 pp

—

ROIC (operating)

43.6%

41.9%−1.7 pp

—

Net debt / EBITDA

−0.66x

−0.52x+0.15x

—

Debt / equity

0.03x

0.12x+0.08x

—

ROE

30.8%

31.8%+1.0 pp

—

ROA

22.2%

22.2%−0.0 pp

—

ROCE

31.1%

26.2%−4.9 pp

—

NOPAT

93,914

107,382+14.3%

—

Invested capital (operating)

215,389

297,283+38.0%

—

Invested capital (all)

240,310

337,507+40.4%

—

Reinvestment rate

—

76.3%

—

Income

Sep '25

Dec '25

Mar '26

Jun '26

Revenue

102,346

113,828

109,896

119,796

vs year-ago quarter

Gross profit

60,977

68,062

68,625

73,853

Gross margin

59.6%

59.8%

62.4%

61.6%

Operating income

31,228

35,934

39,696

40,770

Net income

34,979

34,455

62,578

112,193

vs year-ago quarter

Net margin

34.2%

30.3%

56.9%

93.7%

EPS (diluted, $)

2.87

2.85

5.11

9.11

vs year-ago quarter

Balance sheet

Sep '25

Dec '25

Mar '26

Jun '26

Total assets

536,469

595,281

703,919

921,983

Cash & equivalents

98,496

126,843

126,840

242,474

Total debt

24,607

49,085

79,499

98,165

Shareholders’ equity

386,867

415,265

478,746

640,480

Cash flow

Sep '25

Dec '25

Mar '26

Jun '26

Operating cash flow

48,414

52,402

45,790

39,069

Capex

23,953

27,851

35,674

44,924

Free cash flow

24,461

24,551

10,116

(5,855)

vs year-ago quarter