— Know what they know.
/
Not Investment Advice

GOOG

NASDAQ · USD
Alphabet Inc.
Communication Services · Internet Content & Information
CEO Sundar Pichai Employees 190,820 R&D / revenue 15.2%
Last price
$336.91−2.32%last session
Market cap
$4.12T
P/E (TTM)
16.7x
From 52w high
−16.7%
From 52w low
+37.7%
1-year return
+33.8%
RSI 14 · vs SMA200
44.0 · −0.6%
IS score
68.4/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

GOOG   SPY   XLC (sector ETF) · weekly closes
100120140160Jan 26Apr 26Jul 26Oct 26GOOG 134SPY 116XLC 97

Score DNA

Each bar is a 0-100 score within the scored universe
98
Profitability
77
Growth
59
Value
81
Momentum
100
Risk (safety)
80
Quality
95
Balance sheet
54
Earnings quality

Flags

Strengths
✓ Net cash✓ Congress buying
Warnings
▲ Beneish M above -1.78▲ Share count rising
Observations
Piotroski 5 / 9Altman Z 11.9Beta 1.223 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
2 open-market sales, $66,099
Form 144 notices (12m): 53, $1.3B proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-06-15
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+120
294 new holders, 109 closed
5,221 filers hold 28.1% · 2,007 added, 2,310 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+443
2,090 funds adding shares
1,647 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
30.7%
20-day avg 34.0%, 50-day avg 33.0%
Latest 3.3 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$403.0B
Revenue growth YoY+15.1%
Gross margin59.7%
Operating income$129.2B
Operating margin32.1%
Net income$132.2B
Net margin32.8%
EPS (diluted)$10.81
Cash flow
Operating cash flow$164.7B
Capital expenditure$91.4B
Free cash flow$73.3B
FCF conversion (FCF / OCF)44.5%
Stock-based compensation$25.0B
FCF less SBC$48.3B
Buybacks$45.7B
Dividends$10.0B
Balance sheet & returns
Cash & short-term investments$126.8B
Total debt$59.3B
Net cash$67.6B
Shareholders' equity$415.3B
Goodwill & intangibles$33.4B
Debt / equity0.18
ROE (TTM)50.8%
ROIC (TTM)15.2%
Operating margin by fiscal year
30.6%FY202126.5%FY202227.4%FY202332.1%FY202432.0%FY2025
Revenue $257.6B (FY2021) to $403.0B (FY2025), a 11.8% CAGR.

Valuation

P/E (TTM)16.7x
EV / EBITDA12.8x
Price / sales9.24x
Price / FCF77.3x
FCF yield1.29%
Buyback yield1.11%
SBC / revenue6.3%
Price / book6.39x
Forward P/E FY202616.4x
Forward P/E FY202722.1x
Forward P/E FY202818.6x
Forward multiples divide today's price by Street EPS estimates. Street mean target $435.93 across 15 analysts last quarter is theirs, not ours.

GOOG vs industry median

171 companies in Internet Content & Information
Gross margin 60.9% 46.9% Operating margin 33.1% -2.7% Net margin 54.8% -3.6% ROIC 15.2% 5.5%
GOOG (TTM)Industry median Asset turnover 0.48 vs industry 0.61 · financial leverage 1.44

Earnings delivery

Next report 2026-10-28 · consensus EPS $3.02
100%
beat rate, 12 of 12 quarters
+7.3%
median EPS surprise
12
longest beat streak
+7+7+3+25+3+15+1+39+6+25+7+91
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-07-25 to 2026-04-29. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
GOOG Alphabet Inc. $4.12T16.7x50.8%54.8%+15.1% +33.8%
META Meta Platforms, Inc. $1.81T26.4x29.8%26.1%+27.7% −0.3%
NFLX Netflix, Inc. $293.7B21.8x49.5%27.1%+16.0% −40.4%
DIS The Walt Disney Company $190.9B22.7x7.8%10.4%+4.6% +1.3%
VZ Verizon Communications Inc. $186.1B11.7x15.6%11.2%+1.4% +11.0%
TMUS T-Mobile US, Inc. $170.7B16.6x18.0%14.2%+9.7% —
T AT&T Inc. $160.6B7.7x19.9%14.7%+2.6% —
DASH DoorDash, Inc. $82.0B97.5x8.9%4.5%+33.6% —
12-month window: SPY +15.9%, sector ETF XLC −3.4%. Past returns describe history only.

Recent 8-K filings

2026-06-11Officer/Director Change; Shareholder Vote; Exhibits
2026-06-05Material Agreement; Bylaws Amendment; Exhibits
2026-06-05Officer/Director Change
2026-06-04Material Agreement; Regulation FD; Other Events; Exhibits
2026-05-21Other Events; Exhibits
2026-04-29Earnings Release; Exhibits

Context

Shares outstanding12,229,935,484
Free float89.0%
Institutional ownership28.1%
Beta1.22
Dividend yield0.26%
Last dividend$0.22 on 2026-09-04
50 / 200-day average$341.84 / $339.02

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality.

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where GOOG sits among 32 scored companies in Internet Content & Information (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureGOOGIndustry medianIndustry percentileSector median
P/E (TTM) 16.9x 14.6x
63rd		 16.6x
PEG (P/E ÷ 3-yr EPS CAGR) 0.28 0.28
38th		 0.47
Price / sales 9.2x 2.2x
81st		 1.6x
Price / book 6.4x 1.9x
79th		 2.1x
Price / tangible book 7.6x 3.7x
79th		 3.7x
Price / free cash flow 77.3x 13.2x
85th		 10.4x
Price / operating cash flow 22.2x 11.6x
74th		 8.9x
Enterprise value $3.99T $1.7B
97th		 $3.9B
EV / sales 8.9x 2.2x
80th		 2.2x
EV / EBITDA 12.3x 11.2x
55th		 10.0x
EV / EBIT 13.3x 13.3x
47th		 15.8x
EV / free cash flow 74.9x 12.1x
88th		 17.3x
Earnings yield 5.9% 2.5%
61st		 2.4%
FCF yield 1.3% 5.0%
29th		 6.6%
Operating cash flow yield 4.5% 7.4%
35th		 10.7%
Graham number (per share) $152.40 $18.65
89th		 $31.22

Profitability (TTM)

MeasureGOOGIndustry medianIndustry percentileSector median
Gross margin 60.9% 72.9%
39th		 51.5%
EBITDA margin 72.7% 11.9%
97th		 18.1%
Operating margin 33.1% 5.2%
94th		 9.7%
EBIT margin 67.5% 6.8%
97th		 9.3%
Net margin 54.8% 5.8%
97th		 5.3%
NOPAT margin 27.0% 4.5%
90th		 7.1%
FCF margin 11.9% 12.3%
45th		 10.5%
Operating cash flow margin 41.6% 18.5%
93rd		 17.4%
R&D / revenue 15.5% 15.8%
45th		 0.0%
SG&A / revenue 12.3% 36.3%
7th		 26.0%
Stock comp / revenue 6.3% 6.3%
50th		 1.7%
Effective tax rate 18.4% 21.0%
32nd		 21.0%

Returns on capital

MeasureGOOGIndustry medianIndustry percentileSector median
ROE (on average equity) 48.7% 7.3%
86th		 7.6%
ROA 34.3% 4.0%
94th		 3.1%
ROIC 23.6% 7.6%
71st		 7.6%
ROCE 37.8% 6.9%
94th		 7.2%
Return on tangible assets 42.3% 4.7%
97th		 5.5%
Cash ROIC (OCF / invested capital) 36.4% 32.0%
61st		 15.6%
Gross profitability (GP / assets) 29.5% 40.0%
32nd		 26.4%
ROIC, 3-yr average 54.9% 4.7%
96th		 4.1%
ROIC, 5-yr average 97.6% 6.3%
87th		 3.7%
ROE, 5-yr average 30.0% 2.5%
96th		 5.0%
Incremental ROIC 7.5% -0.1%
60th		 1.0%

Growth

MeasureGOOGIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 20.1% 13.0%
70th		 7.2%
Revenue growth (QoQ) 9.0% 6.4%
61st		 4.0%
Revenue CAGR, 3 yr 15.5% 12.9%
62nd		 5.0%
Revenue CAGR, 5 yr 15.2% 13.8%
54th		 7.4%
Gross profit CAGR, 3 yr 19.2% 10.5%
75th		 6.4%
Operating income CAGR, 3 yr 25.6% 25.6%
38th		 13.7%
Net income growth (TTM YoY) 111.3% 38.0%
75th		 12.6%
Net income CAGR, 3 yr 58.8% 44.0%
78th		 20.1%
EPS growth (TTM YoY) 109.4% 55.7%
75th		 15.5%
EPS CAGR, 3 yr 60.8% 48.2%
78th		 26.6%
EPS CAGR, 5 yr 33.8% 14.4%
75th		 14.4%
FCF growth (TTM YoY) -20.2% 18.1%
13th		 20.6%
FCF CAGR, 3 yr -9.2% 22.9%
0th		 16.7%
Operating cash flow CAGR, 3 yr 23.3% 23.3%
47th		 13.1%
Book value CAGR, 3 yr 35.5% 5.8%
87th		 3.9%
Dividend CAGR, 3 yr 2.7% 2.7%
43rd		 4.2%
Sustainable growth rate 46.6% 15.5%
82nd		 7.7%

Margin history & stability

MeasureGOOGIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 59.1% 72.7%
37th		 52.4%
Operating margin, 3-yr average 31.9% 2.0%
93rd		 7.5%
Net margin, 3-yr average 37.5% 3.9%
96th		 4.7%
FCF margin, 3-yr average 16.1% 11.8%
60th		 9.7%
Revenue stability (0-1) 0.97 0.93
77th		 0.83
Earnings stability (0-1) 0.66 0.50
70th		 0.30
Margin stability (0-1) 0.96 0.96
50th		 0.88

Liquidity (latest quarter)

MeasureGOOGIndustry medianIndustry percentileSector median
Cash & short-term investments $242.5B $424.6M
97th		 $479.5M
Net cash (− = net debt) $129.7B $130.6M
97th		 −$532.8M
Working capital $217.4B $219.9M
97th		 $125.0M
Current ratio 2.72 2.00
74th		 1.28
Quick ratio 2.64 2.00
74th		 1.28
Cash ratio (cash + ST investments / current liabilities) 1.92 1.03
77th		 0.70
Defensive interval (days) 918 days 380 days
90th		 395 days

Leverage & solvency (latest quarter)

MeasureGOOGIndustry medianIndustry percentileSector median
Total debt $112.8B $379.7M
97th		 $1.2B
Debt / equity 0.18 0.18
48th		 0.67
Net debt / equity −0.20 −0.16
38th		 0.37
Debt / assets 12.2% 12.2%
48th		 30.9%
Debt / capital 15.0% 15.0%
48th		 40.7%
Debt / EBITDA 0.35 0.84
24th		 3.03
Net debt / EBITDA −0.40 −0.35
40th		 1.41
Interest coverage (EBIT / interest) 296.0x 6.2x
90th		 3.2x
Cash interest coverage 182.6x 23.6x
76th		 5.5x
Debt payback (years of OCF) 0.6 yrs 1.0 yrs
33rd		 2.8 yrs
Liabilities / assets 30.5% 38.4%
32nd		 56.1%
IS credit model rating AAA — —
Implied credit spread (bps) 50 125
0th		 400

Efficiency

MeasureGOOGIndustry medianIndustry percentileSector median
Asset turnover 0.63 0.62
52nd		 0.52
Fixed asset turnover 1.32 10.70
17th		 3.99
Inventory turnover 34.9 34.9
25th		 23.8
Receivables turnover 7.2 8.3
35th		 8.1
Days sales outstanding 51 days 41 days
66th		 44 days
Days inventory outstanding 10 days 8 days
60th		 15 days
Days payables outstanding 30 days 49 days
23rd		 57 days
Cash conversion cycle (days) 31 days 3 days
81st		 1 days
Capex / revenue 29.7% 2.0%
87th		 3.5%
Capex / depreciation 5.70 0.55
97th		 0.60
Operating expense ratio 27.6% 68.3%
7th		 45.3%

Cash flow & earnings quality

MeasureGOOGIndustry medianIndustry percentileSector median
Operating cash flow / net income 0.76 1.91
11th		 2.40
FCF / net income 0.22 1.71
5th		 1.69
FCF / operating cash flow 28.7% 90.1%
4th		 72.9%
Capex / operating cash flow 71.3% 9.9%
93rd		 27.1%
Accruals ratio 8.2% -9.6%
90th		 -8.0%
Sloan accruals ratio 16.2% -5.6%
90th		 -5.6%
Earnings quality score (0-1) 0.50 0.75
5th		 0.75

Dividends & buybacks

MeasureGOOGIndustry medianIndustry percentileSector median
Dividend yield 0.3% 0.0%
81st		 0.0%
Dividend per share (TTM) $0.86 $0.00
90th		 $0.00
Payout ratio (dividends / net income) 4.2% 0.0%
68th		 5.7%
Dividends / FCF 19.3% 0.0%
88th		 0.0%
Dividend growth (YoY) 3.4% 3.4%
33rd		 3.2%
Buyback yield 0.4% 2.3%
29th		 1.7%
Shareholder yield (dividends + buybacks) 0.7% 4.1%
26th		 3.5%
Share count change (YoY) 0.9% -0.2%
63rd		 -0.8%
Buybacks, last 5 years $208.7B $248.8M
97th		 $152.3M

Scores & forensic checks

MeasureGOOGIndustry medianIndustry percentileSector median
IS score 68 57
81st		 44
IS profitability 98 33
97th		 36
IS growth 77 65
77th		 56
IS value 59 49
68th		 44
IS momentum 81 73
57th		 66
IS risk (safety) 100 65
61st		 30
IS quality 80 69
77th		 58
IS balance sheet 95 79
94th		 48
IS earnings quality 54 52
52nd		 58
IS cash flow 36 67
23rd		 56
Piotroski F-score (0-9) 5 6
26th		 5
Altman Z-score 11.9 2.8
94th		 1.7
Beneish M-score −1.78 −2.67
77th		 −2.74
Ohlson O-score −13.02 −8.88
3rd		 −7.27
IS credit score 99 75
97th		 49

Per share

MeasureGOOGIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $19.84 $0.51
94th		 $0.86
Book value per share $52.03 $6.25
90th		 $14.63
Tangible book per share $47.20 $3.38
87th		 $1.25
Revenue per share $36.23 $11.89
90th		 $17.81
FCF per share $4.33 $1.81
77th		 $1.98
Operating cash flow per share $15.08 $1.87
94th		 $2.77
Cash per share $19.70 $2.24
87th		 $3.75

Size (TTM)

MeasureGOOGIndustry medianIndustry percentileSector median
Market cap $4.12T $1.9B
97th		 $2.7B
Revenue $445.9B $1.3B
97th		 $1.8B
EBITDA $324.3B $137.4M
97th		 $326.9M
Net income $244.2B $60.0M
97th		 $65.3M
Free cash flow $53.3B $211.2M
97th		 $211.5M
Total assets $922.0B $2.1B
97th		 $3.6B
Shareholders' equity $640.5B $1.1B
97th		 $1.1B
Employees 190,820 1,900
97th		 3,872

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-13Shriram Kavitark Ram
Director
 Gift 86,550——572,772
2026-10-13Shriram Kavitark Ram
Director
 Gift 86,550——664,235
2026-10-13Shriram Kavitark Ram
Director
 Gift 197,600——0
2026-10-13Shriram Kavitark Ram
Director
 Gift 86,550——457,314
2026-10-13Shriram Kavitark Ram
Director
 Gift 86,550——456,294
2026-10-13Shriram Kavitark Ram
Director
 Gift 197,600——0
2026-09-30Arnold Frances
Director
 Open-market sale 83$340.45$28,25719,076
2026-09-25Walker John Kent
President, Global Affairs, CLO
 Conversion 4,747——14,329
2026-09-25Walker John Kent
President, Global Affairs, CLO
 Tax withholding 4,791$339.01$1.6M9,538
2026-09-25Walker John Kent
President, Global Affairs, CLO
 Conversion 4,258——47,080
2026-09-25Walker John Kent
President, Global Affairs, CLO
 Tax withholding 4,297$339.01$1.5M42,782
2026-09-25Walker John Kent
President, Global Affairs, CLO
 Conversion 1,626——56,243

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired49526—
ConversionAcquired1180,703—
ConversionDisposed2680,702—
GiftDisposed2395,200—
GiftAcquired4346,200—
Open-market saleDisposed2185$66,099
Tax withholdingDisposed2681,449$21.8M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 53 notices · 4,161,412 shares · $1.3B
FiledFilerShares proposedEst. proceeds
2026-06-15Hennessy John L.1,050$384,290
2026-05-29Arnold Frances102$38,862
2026-05-15Hennessy John L.1,050$412,876
2026-05-12Mdc Trust I409,000$156.4M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 27 trades (16 purchases) · Senate 2 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-06-15Cleo FieldsHousePurchase$1,001 - $15,0002026-06-29
2026-06-14Cleo FieldsHousePurchase$1,001 - $15,0002026-06-29
2026-06-01Daniel CrenshawHouseSale (Full)$1,001 - $15,0002026-07-17
2026-05-31Daniel CrenshawHouseSale (Full)$1,001 - $15,0002026-07-17
2025-11-07Katie BrittSenateSale (Partial)$1,001 - $15,0002026-01-25
2025-11-07Katie Boyd BrittSenateSale (Partial)$1,001 - $15,0002026-01-25
2025-09-23Jerry MoranSenateSale (Partial)$1,001 - $15,0002025-10-27
2025-09-23Jerry MoranSenateSale (Partial)$1,001 - $15,0002025-10-27
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.369,922,502$130.7B3.02%
VANGUARD CAPITAL MANAGEMENT LLC306,936,860$108.5B2.51%
STATE STREET CORP190,923,442$67.5B1.56%
JPMORGAN CHASE & CO134,799,212$47.4B1.10%
FMR LLC121,958,993$43.1B1.00%
GEODE CAPITAL MANAGEMENT, LLC114,777,169$40.4B0.94%
VANGUARD PORTFOLIO MANAGEMENT LLC78,666,550$27.8B0.64%
NORGES BANK74,788,768$26.4B0.61%
MORGAN STANLEY68,105,158$24.1B0.56%
Invesco Ltd.66,090,301$23.4B0.54%
PRICE T ROWE ASSOCIATES INC /MD/59,258,327$20.9B0.48%
Capital Research Global Investors42,891,466$15.2B0.35%
Capital World Investors42,451,592$15.0B0.35%
Capital International Investors42,042,459$14.9B0.34%
NORTHERN TRUST CORP39,204,864$13.9B0.32%

Institutional ownership by quarter

2023-092026-0628.1%
% of shares held by 13F filers
2023-092026-065,221
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-305,22128.1%2942,0072,310109
2026-03-315,10126.2%2331,8982,376167
2025-12-315,12327.3%7071,6382,25783
2025-09-304,60325.7%3681,7131,96092
2025-06-304,40326.2%2571,8191,811116
2025-03-314,32926.4%1791,7661,878232
2024-12-314,45626.9%6011,6321,68388
2024-09-304,02126.9%1571,5981,691127
2024-06-304,03727.3%2651,5401,73968
2024-03-313,89827.5%2201,4871,661126
2023-12-313,86127.9%4301,3441,54983
2023-09-303,58228.1%1971,3011,51991

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-02-17SCHEDULE 13G/ASergey Brin5.8%359,414,947
2025-08-14SCHEDULE 13G/ABig Hen Group I, LLC0.0%1,280,000
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX2.18%$50.7B
VSMPX2.18%$50.7B
VTSAX2.18%$50.7B
VTI2.18%$50.7B
VFINX2.45%$42.4B
VFIAX2.45%$42.4B

Share structure

Shares outstanding12,229,935,484
Float10,879,318,800
Free float89.0%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$257.6B$282.8B$307.4B$350.0B$403.0B
Cost of revenue$110.9B$126.2B$133.3B$146.3B$162.5B
Gross profit$146.7B$156.6B$174.1B$203.7B$240.4B
R&D$31.6B$39.5B$45.4B$49.3B$61.1B
SG&A$36.4B$42.3B$44.3B$42.0B$50.2B
Operating income$78.7B$74.8B$84.3B$112.4B$129.2B
EBITDA$103.5B$85.2B$98.0B$135.4B$180.0B
Pretax income$90.7B$71.3B$85.7B$119.8B$158.8B
Income tax$14.7B$11.4B$11.9B$19.7B$26.7B
Net income$76.0B$60.0B$73.8B$100.1B$132.2B
EPS, diluted$5.61$4.56$5.80$8.04$10.81
Diluted shares13.6B13.2B12.7B12.4B12.2B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$139.6B$113.8B$110.9B$95.7B$126.8B
Receivables$39.3B$40.3B$48.0B$52.3B$62.9B
Inventory$1.2B$2.7B$0$0$0
Total current assets$188.1B$164.8B$171.5B$163.7B$206.0B
PP&E, net$110.6B$127.0B$148.4B$184.6B$261.8B
Goodwill & intangibles$24.4B$31.0B$29.2B$31.9B$33.4B
Total assets$359.3B$365.3B$402.4B$450.3B$595.3B
Accounts payable$6.0B$5.1B$7.5B$8.0B$12.2B
Total current liabilities$64.3B$69.3B$81.8B$89.1B$102.7B
Long-term debt$12.8B$12.9B$11.9B$10.9B$59.3B
Total liabilities$107.6B$109.1B$119.0B$125.2B$180.0B
Shareholders' equity$251.6B$256.1B$283.4B$325.1B$415.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$76.0B$60.0B$73.8B$100.1B$132.2B
Depreciation & amortization$12.4B$15.9B$11.9B$15.3B$21.1B
Stock-based compensation$15.4B$19.4B$22.5B$22.8B$25.0B
Change in working capital−$1.5B−$2.2B−$3.8B−$8.4B$17.6B
Operating cash flow$91.7B$91.5B$101.7B$125.3B$164.7B
Capital expenditure−$24.6B−$31.5B−$32.3B−$52.5B−$91.4B
Free cash flow$67.0B$60.0B$69.5B$72.8B$73.3B
Investing cash flow−$35.5B−$20.3B−$27.1B−$45.5B−$120.3B
Net debt issued / repaid−$1.2B−$1.2B−$760.0M$888.0M$32.1B
Buybacks−$50.3B−$59.3B−$61.5B−$62.2B−$45.7B
Dividends paid$0$0$0−$7.4B−$10.0B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin56.9%55.4%56.6%58.2%59.7%
Operating margin30.6%26.5%27.4%32.1%32.0%
Net margin29.5%21.2%24.0%28.6%32.8%
FCF margin26.0%21.2%22.6%20.8%18.2%
ROE32.1%23.6%27.4%32.9%35.7%
ROIC47.0%36.6%36.4%36.8%29.8%
ROA22.4%16.6%19.2%23.5%25.3%
Debt / equity0.110.120.100.080.17
Interest coverage263.2x200.8x279.3x448.1x—
Current ratio2.932.382.101.842.01
Revenue growth+41.2%+9.8%+8.7%+13.9%+15.1%
EPS growth+91.8%−18.1%+26.4%+38.5%+33.3%
P/E at year end25.4x19.0x23.9x23.4x29.0x
EV / EBITDA at year end17.6x12.1x17.4x16.8x20.9x
FCF yield at year end3.47%5.26%3.94%3.11%1.91%
Dividend payout0.0%0.0%0.0%7.4%7.6%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Google Search & Other$149.0B$162.4B$175.0B$198.1B$224.5B
Google Search & other$149.0B$162.4B$175.0B$198.1B$224.5B
Google Cloud$19.2B$26.3B$33.1B$43.2B$58.7B
Google Inc.————$48.0B
Google subscriptions, platforms, and devices$28.0B$29.1B$34.7B$40.3B$48.0B
YouTube ads$28.8B$29.2B$31.5B$36.1B$40.4B
YouTube Advertising Revenue————$40.4B
Google Subscriptions, Platforms, And Devices$28.0B$29.1B$34.7B$40.3B—
YouTube Ads$28.8B$29.2B$31.5B$36.1B—
Google Network$31.7B$32.8B$31.3B$30.4B$29.8B
Hedging gains (losses)$149.0M$2.0B$236.0M$211.0M−$127.0M
Other Bets$753.0M$1.1B$1.5B$1.6B$1.5B
Other Segments————−$127.0M

Revenue by region · FY2025

UNITED STATES$194.2B · 48%
EMEA$117.2B · 29%
Asia Pacific$67.7B · 17%
Americas Excluding United States$23.9B · 6%

Street estimates by fiscal year

Next report 2026-10-28 · consensus EPS $3.02 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$498.7B$490.4B – $511.9B$20.59$20.01 – $21.841216.4x
2027$619.0B$577.7B – $671.9B$15.26$14.01 – $16.562122.1x
2028$747.2B$701.0B – $811.4B$18.15$16.69 – $20.181818.6x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-29$2.68$5.11+90.7%$107.0B$109.9B+2.7%
2026-02-04$2.63$2.82+7.2%$111.3B$113.8B+2.3%
2025-10-29$2.30$2.87+24.8%$99.9B$102.3B+2.4%
2025-07-23$2.18$2.31+6.0%$94.0B$96.4B+2.5%
2025-04-24$2.02$2.81+39.1%$89.2B$90.2B+1.2%
2025-02-04$2.12$2.15+1.4%$96.7B$96.5B−0.2%
2024-10-29$1.85$2.12+14.6%$86.4B$88.3B+2.2%
2024-07-23$1.84$1.89+2.7%$84.2B$84.7B+0.6%
2024-04-25$1.51$1.89+25.2%$78.7B$80.5B+2.3%
2024-01-30$1.59$1.64+3.1%$78.7B$86.3B+9.7%
2023-10-24$1.45$1.55+6.9%$71.6B$76.7B+7.2%
2023-07-25$1.34$1.44+7.5%$65.4B$74.6B+14.0%
2023-04-25$1.06$1.17+10.4%$68.9B$69.8B+1.3%
2023-02-02$1.19$1.05−11.8%$76.2B$76.0B−0.2%
2022-10-25$1.25$1.06−15.2%$71.0B$69.1B−2.7%
2022-07-26$1.30$1.21−6.9%$69.8B$69.7B−0.2%
2022-04-26$1.29$1.23−4.7%$68.1B$68.0B−0.1%
2022-02-01$1.38$1.53+10.9%$72.3B$75.3B+4.2%
2021-10-26$1.17$1.40+19.7%$63.4B$65.1B+2.7%
2021-07-27$0.96$1.36+41.7%$63.3B$61.9B−2.3%
2021-04-27$0.79$1.31+65.8%$47.2B$55.3B+17.3%
2021-02-02$0.80$1.12+40.0%$51.7B$56.9B+10.1%
2020-10-29$0.56$0.82+46.4%$3.4B$46.2B+1,247.2%
2020-07-30$0.42$0.51+21.4%$31.5B$38.3B+21.5%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
4.206-158.906-225.906-295.307-066.107-136.807-206.907-277.708-034.708-104.408-174.408-244.008-31
Week ofNotionalSharesTrades
2026-08-31$4.0B12,075,685256,661
2026-08-24$4.4B12,921,318266,887
2026-08-17$4.4B12,903,057276,042
2026-08-10$4.7B13,580,995287,607
2026-08-03$7.7B21,034,581416,522
2026-07-27$6.9B20,554,420428,599

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1530.7%
DateShort shareShort volumeTotal volume
2026-10-1530.7%1,559,8145,075,211
2026-10-1434.7%1,960,7045,656,810
2026-10-1338.9%1,867,6964,801,272
2026-10-1238.9%1,697,8114,366,659
2026-10-0933.7%1,328,3503,945,231
2026-10-0830.8%1,466,8514,755,495
2026-10-0725.1%955,3683,804,861
2026-10-0631.1%1,324,0044,251,296
2026-10-0529.0%1,260,8564,350,029
2026-10-0227.0%1,318,1884,887,266
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.5Jan-2.3Feb+1.0Mar+2.3Apr+2.1May-0.3Jun+4.9Jul+0.4Aug+1.3Sep+6.0Oct+1.6Nov+2.0Dec
MonthAvg returnUp yearsYears
Jan+1.5%75%20
Feb−2.3%40%20
Mar+1.0%48%21
Apr+2.3%60%20
May+2.1%60%20
Jun−0.3%45%20
Jul+4.9%70%20
Aug+0.4%50%20
Sep+1.3%60%20
Oct+6.0%70%20
Nov+1.6%60%20
Dec+2.0%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1444.0
MFI60.5
ADX17.6
Stochastic %K / %D40.6 / 56.2
Williams %R-81.2
CCI-66
TSI / signal3.1 / 2.7
Chaikin money flow-0.17
ATR$8.68
Bollinger width5.6%
Volume vs 20-day avg1.00x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$342.92 (−1.8%)
SMA 50$341.40 (−1.3%)
SMA 200$339.09 (−0.6%)
EMA 21$342.95 (−1.8%)
EMA 50$343.28 (−1.9%)
EMA 200$329.01 (+2.4%)
Bollinger upper$352.49 (−4.4%)
Bollinger lower$333.34 (+1.1%)
Parabolic SAR$355.25 (−5.2%)
Open the live chart, 110+ indicators

About Alphabet Inc.

Alphabet Inc. operates globally, providing a wide array of products and digital platforms to customers across the United States, Europe, the Middle East, Africa, the Asia-Pacific region, Canada, and Latin America. The company's business is organized into three primary segments: Google Services, Google Cloud, and Other Bets. The Google Services division delivers a broad spectrum of consumer-facing offerings, which include its advertising products, the Android operating system, Chrome browser, various hardware devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search functionality, and YouTube. This segment also generates revenue through the sale of applications, in-app purchases, and digital content via Google Play and YouTube, alongside device sales and consumer subscriptions for YouTube services. Conversely, the Google Cloud segment furnishes enterprise-grade solutions such as infrastructure, cybersecurity, database management, analytics, artificial intelligence, and other professional services. This encompasses the Google Workspace suite, a collection of cloud-native communication and collaboration tools for businesses, including Gmail, Docs, Drive, Calendar, and Meet, among other offerings tailored for corporate clients. The Other Bets segment is dedicated to developing nascent ventures, particularly those focused on healthcare-related and internet services. Established in 1998, Alphabet Inc. maintains its corporate headquarters in Mountain View, California.

https://www.abc.xyz

Key executives

NameTitlePayBorn
Sundar PichaiChief Executive Officer & Director$10.9M1973
Philipp SchindlerSenior Vice President & Chief Business Officer of Google$1.6M1971
Anat AshkenaziSenior Vice President & Chief Financial Officer$1.1M1973
J. Kent WalkerPresident of Global Affairs, Chief Legal Officer & Company Secretary$1.0M1961
Ruth PoratPresident & Chief Investment Officer$1.0M1958
Lawrence Edward PageCo-Founder & Director$11973
Sergey BrinCo-Founder & Director$11974
Marsida SaraciPrincipal Accounting Officer, VP & Controller—1979

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Anat Ashkenazi Senior Vice President, Chief Financial Officer, Alphabet and Google, as of July 31, 20242024$423,077$38.5M$850,000$50.0M
Philipp Schindler Senior Vice President, Chief Business Officer, Google2024$1.0M$44.0M$2.0M$47.0M
Prabhakar Raghavan Senior Vice President, Knowledge and Information, Google, until October 16, 20242024$1.0M$44.0M$2.0M$47.0M
Ruth M. Porat President and Chief Investment Officer, Alphabet and Google; Chief Financial Officer, Alphabet and Google, through July 30, 20242024$1.0M$27.1M$2.0M$30.2M
Kent Walker President, Global Affairs, Chief Legal Officer, and Secretary, Alphabet and Google2024$1.0M$27.1M$2.0M$30.2M
Sundar Pichai Chief Executive Officer, Alphabet and Google, and Director2024$2.0M$405,630$0$10.7M

Employees

99k2018119k2019135k2020156k2021190k2022183k2023183k2024191k2025

Dividends

Ex-dateAmountPaid
2026-09-04$0.222026-09-14
2026-06-08$0.222026-06-15
2026-03-09$0.212026-03-16
2025-12-08$0.212025-12-15
2025-09-08$0.212025-09-15
2025-06-09$0.212025-06-16
2025-03-10$0.22025-03-17
2024-12-09$0.22024-12-16
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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