Alphabet (GOOGM) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GOOGM SEC filings page.
Alphabet Inc. (GOOGM) reported $471.1B in revenue over the twelve months to Sep 30, 2026, up 22.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
Revenue is expanding with wider gross margins, but surging capital spending is converting much less growth into free cash flow.
Operating cash flow rose31.5% to$164.7B in FY2025, while free cash flow remained nearly flat, revealing weaker cash conversion after investment. Capital expenditures climbed74.1% to$91.4B , explaining why stronger operations produced little additional cash after reinvestment.
Gross margin rose from
Assets grew
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Alphabet Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Alphabet Inc. has an operating margin of 32.0%, meaning the company retains $32 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is down from 32.1% the prior year.
Alphabet Inc.'s revenue surged 15.1% year-over-year to $402.8B, reflecting rapid business expansion. This strong growth earns a score of 74/100.
Alphabet Inc. carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
Alphabet Inc.'s current ratio of 2.01 indicates adequate short-term liquidity, earning a score of 59/100. The company can meet its near-term obligations, though with limited headroom.
Alphabet Inc. converts 18.2% of revenue into free cash flow ($73.3B). This strong cash generation earns a score of 86/100.
Alphabet Inc. earns a strong 31.8% return on equity (ROE), meaning it generates $32 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 95/100. This is up from 30.8% the prior year.
Alphabet Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Alphabet Inc. generates $1.25 in operating cash flow ($164.7B OCF vs $132.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Alphabet Inc. earns $175.32 in operating income for every $1 of interest expense ($129.0B vs $736.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Alphabet Inc. generated $127.6B in revenue in Q3 2026. This represents an increase of 24.7% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.
Alphabet Inc.'s EBITDA was $49.7B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.0% from the same quarter a year earlier. Against the prior quarter it is up 2.6%.
Alphabet Inc. reported $26.5B in net income in Q3 2026. This represents a decrease of 24.3% from the same quarter a year earlier. Against the prior quarter it is down 76.4%.
Alphabet Inc. earned $2.12 per diluted share (EPS) in Q3 2026. This represents a decrease of 26.1% from the same quarter a year earlier. Against the prior quarter it is down 76.7%.
Cash & Balance Sheet
Alphabet Inc. recorded an outflow of $9.1B in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 137.1% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Alphabet Inc. held $56.3B in cash against $125.1B in long-term debt as of Q3 2026.
Alphabet Inc. paid $0.22 per share in dividends in Q3 2026. This represents an increase of 4.8% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Alphabet Inc.'s gross margin was 59.7% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.
Alphabet Inc.'s operating margin was 31.8% in Q3 2026, reflecting core business profitability. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.2 percentage points.
Alphabet Inc.'s net profit margin was 20.8% in Q3 2026, showing the share of revenue converted to profit. This is down 13.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 72.9 percentage points.
Alphabet Inc.'s quarterly ROE was 3.9% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 5.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.6 percentage points.
Capital Allocation
Alphabet Inc. invested $20.6B in research and development in Q3 2026. This represents an increase of 36.2% from the same quarter a year earlier. Against the prior quarter it is up 13.3%.
Alphabet Inc. repurchased no shares in Q3 2026. This represents a decrease of 100.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Alphabet Inc. invested $51.4B in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 114.4% from the same quarter a year earlier. Against the prior quarter it is up 14.3%.
GOOGM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'2510-Q | Q2'2510-Q | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $127.6B+24.7% | $119.8B+24.2% | $109.9B+21.8% | $113.8B+18.0% | $102.3B+15.9% | $96.4B+13.8% | $90.2B+12.0% | $96.5B+11.8% |
| Cost of Revenue | $51.4B+24.3% | $45.9B+17.7% | $41.3B+13.5% | $45.8B+12.7% | $41.4B+13.4% | $39.0B+9.9% | $36.4B+7.9% | $40.6B+8.1% |
| Gross Profit | $76.2B+24.9% | $73.9B+28.7% | $68.6B+27.4% | $68.1B+21.9% | $61.0B+17.7% | $57.4B+16.6% | $53.9B+15.0% | $55.9B+14.6% |
| R&D Expenses | $20.6B+36.2% | $18.2B+31.9% | $17.0B+25.6% | $18.6B+41.6% | $15.2B+21.7% | $13.8B+16.4% | $13.6B+13.9% | $13.1B+8.3% |
| SG&A Expenses | $14.9B+2.4% | $14.9B+20.7% | $11.9B+22.5% | $13.6B+15.2% | $14.6B+34.8% | $12.3B+23.7% | $9.7B+2.7% | $11.8B-9.0% |
| Operating Income | $40.6B+29.9% | $40.8B+30.4% | $39.7B+29.7% | $35.9B+16.0% | $31.2B+9.5% | $31.3B+14.0% | $30.6B+20.2% | $31.0B+30.7% |
| EBITDA | $49.7B+34.0% | $48.5B+32.9% | $46.6B+31.9% | $41.8B+18.4% | $37.1B+13.8% | $36.5B+16.9% | $35.3B+21.9% | $35.3B+28.4% |
| Interest Expense | $967.0M+576.2% | $1.3B+389.7% | $533.0M+1467.6% | $298.0M+462.3% | $143.0M+164.8% | $261.0M+289.6% | $34.0M-63.8% | $53.0M-23.2% |
| Income Tax | $5.9B-34.6% | $26.6B+363.0% | $14.8B+104.6% | $4.7B-18.3% | $9.0B+66.7% | $5.7B+45.9% | $7.2B+55.8% | $5.7B+53.2% |
| Net Income | $26.5B-24.3% | $112.2B+297.9% | $62.6B+81.2% | $34.5B+29.8% | $35.0B+33.0% | $28.2B+19.4% | $34.5B+46.0% | $26.5B+28.3% |
| EPS (Basic) | $2.14-26.0% | $9.23+296.1% | $5.17+82.0% | $2.85+31.3% | $2.89+35.0% | $2.33+22.0% | $2.84+48.7% | $2.17+31.5% |
| EPS (Diluted) | $2.12-26.1% | $9.11+294.4% | $5.11+81.9% | $2.82+31.8% | $2.87+35.4% | $2.31+22.2% | $2.81+48.7% | $2.14+30.5% |
| Diluted Shares (Avg) | 12.37B+1.4% | 12.31B+0.9% | 12.24B-0.4% | N/A | 12.20B-1.7% | 12.20B-2.4% | 12.29B-1.9% | N/A |
GOOGM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'2510-Q | Q2'2510-Q | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0T+87.0% | $922.0B+83.6% | $703.9B+48.1% | $595.3B+32.2% | $536.5B+24.7% | $502.1B+21.0% | $475.4B+16.7% | $450.3B+11.9% |
| Current Assets | $374.7B+115.4% | $343.5B+106.7% | $213.8B+31.9% | $206.0B+25.9% | $173.9B+10.4% | $166.2B+2.6% | $162.1B-2.1% | $163.7B-4.6% |
| Cash & Equivalents | $56.3B+144.0% | $55.9B+165.8% | $38.1B+63.6% | $30.7B+30.9% | $23.1B+15.7% | $21.0B-22.7% | $23.3B-5.0% | $23.5B-2.4% |
| Short-Term Investments | $208.8B+176.9% | $186.6B+151.7% | $88.8B+23.2% | $96.1B+33.2% | $75.4B+2.9% | $74.1B+0.8% | $72.1B-13.8% | $72.2B-16.9% |
| Inventory | $13.3B | $10.0B | N/A | $2.4B | N/A | N/A | N/A | N/A |
| Accounts Receivable | $72.8B+27.4% | $69.2B+25.7% | $63.0B+23.5% | $62.9B+20.1% | $57.1B+16.4% | $55.0B+16.9% | $51.0B+14.5% | $52.3B+9.1% |
| Long-Term Investments | $135.2B+112.0% | $131.5B+150.0% | $106.9B+28343.1% | $68.7B+25722.2% | $63.8B+25117.4% | $52.6B+18948.6% | $376.0M-73.1% | $266.0M-81.0% |
| Goodwill | $58.1B+74.7% | $57.8B+78.8% | $57.8B+79.6% | $33.4B+4.7% | $33.3B+4.2% | $32.3B+10.8% | $32.2B+10.2% | $31.9B+9.2% |
| Total Liabilities | $325.8B+117.8% | $281.5B+102.3% | $225.2B+73.1% | $180.0B+43.8% | $149.6B+28.8% | $139.1B+22.0% | $130.1B+13.6% | $125.2B+5.2% |
| Current Liabilities | $134.5B+35.1% | $126.1B+44.4% | $111.2B+21.3% | $102.7B+15.3% | $99.5B+23.2% | $87.3B+12.1% | $91.7B+19.0% | $89.1B+8.9% |
| Non-Current Liabilities | $191.3B+282.1% | $155.4B+199.8% | $114.0B+196.4% | $77.3B+114.3% | $50.1B+41.6% | $51.8B+43.5% | $38.5B+2.5% | $36.0B-3.1% |
| Long-Term Debt | $125.1B+479.0% | $98.2B+315.8% | $77.5B+611.9% | $46.5B+327.7% | $21.6B+75.7% | $23.6B+78.3% | $10.9B-17.7% | $10.9B-8.3% |
| Total Equity | $677.5B+75.1% | $640.5B+76.5% | $478.7B+38.7% | $415.3B+27.7% | $386.9B+23.2% | $362.9B+20.7% | $345.3B+17.9% | $325.1B+14.7% |
| Retained Earnings | $516.8B+73.9% | $493.4B+78.9% | $384.0B+46.2% | $324.1B+32.2% | $297.2B+26.3% | $275.8B+22.0% | $262.6B+19.5% | $245.1B+16.0% |
GOOGM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'2510-Q | Q2'2510-Q | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $42.3B-12.6% | $39.1B+40.8% | $45.8B+26.7% | $52.4B+34.0% | $48.4B+57.7% | $27.7B+4.2% | $36.1B+25.3% | $39.1B+106.8% |
| Depreciation & Amortization | $9.2B+55.6% | $7.7B+47.7% | $6.9B+46.4% | $6.2B+44.2% | $5.9B+43.7% | $5.2B+37.5% | $4.7B+34.6% | $4.3B+30.3% |
| Stock-Based Compensation | $8.7B+35.9% | $8.0B+33.3% | $6.8B+22.4% | N/A | $6.4B+8.5% | $6.0B+1.7% | $5.5B+4.8% | N/A |
| Capital Expenditures | $51.4B+114.4% | $44.9B+100.1% | $35.7B+107.4% | $27.9B+95.1% | $24.0B+83.4% | $22.4B+70.2% | $17.2B+43.2% | $14.3B+29.6% |
| Free Cash Flow | -$9.1B-137.1% | -$5.9B-210.5% | $10.1B-46.6% | $24.6B-1.2% | $24.5B+38.7% | $5.3B-60.6% | $19.0B+12.6% | $24.8B+214.6% |
| Investing Cash Flow | -$71.3Bn/m | -$82.4Bn/m | -$63.4Bn/m | -$51.8Bn/m | -$27.8Bn/m | -$24.5Bn/m | -$16.2Bn/m | -$16.2Bn/m |
| Financing Cash Flow | $29.4Bn/m | $61.2Bn/m | $25.1Bn/m | $7.0Bn/m | -$18.4Bn/m | -$5.8Bn/m | -$20.2Bn/m | -$19.0Bn/m |
| Dividends Paid | $2.9B+15.8% | $2.7B+5.7% | $2.5B+4.4% | $2.5B+3.8% | $2.5B+3.3% | $2.5B+3.1% | $2.4Bn/m | $2.4Bn/m |
| Share Buybacks | $0-100.0% | $0-100.0% | $0-100.0% | $5.9B-62.1% | $11.5B-24.8% | $13.2B-15.6% | $15.1B-4.0% | $15.6B-4.0% |
GOOGM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'2510-Q | Q2'2510-Q | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.7%+0.1pp | 61.7%+2.1pp | 62.5%+2.8pp | 59.8%+1.9pp | 59.6%+0.9pp | 59.5%+1.4pp | 59.7%+1.6pp | 57.9%+1.4pp |
| Operating Margin | 31.8%+1.3pp | 34.0%+1.6pp | 36.1%+2.2pp | 31.6%-0.5pp | 30.5%-1.8pp | 32.4%+0.1pp | 33.9%+2.3pp | 32.1%+4.6pp |
| Net Margin | 20.8%-13.4pp | 93.7%+64.4pp | 56.9%+18.7pp | 30.3%+2.8pp | 34.2%+4.4pp | 29.2%+1.4pp | 38.3%+8.9pp | 27.5%+3.5pp |
| Return on Equity | 3.9%-5.1pp | 17.5%+9.7pp | 13.1%+3.1pp | 8.3%+0.1pp | 9.0%+0.7pp | 7.8%-0.1pp | 10.0%+1.9pp | 8.2%+0.9pp |
| Return on Assets | 2.6%-3.9pp | 12.2%+6.6pp | 8.9%+1.6pp | 5.8%-0.1pp | 6.5%+0.4pp | 5.6%-0.1pp | 7.3%+1.5pp | 5.9%+0.8pp |
| Current Ratio | 2.79+1.0x | 2.72+0.8x | 1.92+0.2x | 2.01+0.2x | 1.75-0.2x | 1.90-0.2x | 1.77-0.4x | 1.84-0.3x |
| Debt-to-Equity | 0.18+0.1x | 0.15+0.1x | 0.16+0.1x | 0.11+0.1x | 0.060.0x | 0.070.0x | 0.030.0x | 0.030.0x |
| Liabilities-to-Equity | 0.48+0.1x | 0.44+0.1x | 0.47+0.1x | 0.430.0x | 0.390.0x | 0.380.0x | 0.380.0x | 0.390.0x |
| Asset Turnover | 0.13-0.1x | 0.13-0.1x | 0.160.0x | 0.190.0x | 0.190.0x | 0.190.0x | 0.190.0x | 0.210.0x |
| FCF Margin | -7.1%-31.0pp | -4.9%-10.4pp | 9.2%-11.8pp | 21.6%-4.2pp | 23.9%+3.9pp | 5.5%-10.4pp | 21.0%+0.1pp | 25.8%+16.6pp |
Where Alphabet Inc. Ranks
Frequently Asked Questions
Alphabet Inc. (GOOGM) reported $402.8B in total revenue for fiscal year 2025. This represents a 15.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Alphabet Inc. (GOOGM) revenue grew by 15.1% year-over-year, from $350.0B to $402.8B in fiscal year 2025.
Yes, Alphabet Inc. (GOOGM) reported a net income of $235.7B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $132.2B, with a net profit margin of 32.8%.
Alphabet Inc. (GOOGM) had EBITDA of $150.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Alphabet Inc. (GOOGM) had $30.7B in cash and equivalents against $46.5B in long-term debt.
Alphabet Inc. (GOOGM) had a gross margin of 59.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Alphabet Inc. (GOOGM) had an operating margin of 32.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Alphabet Inc. (GOOGM) had a net profit margin of 32.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Yes, Alphabet Inc. (GOOGM) paid $0.83 per share in dividends during fiscal year 2025.
Alphabet Inc. (GOOGM) has a return on equity of 31.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Alphabet Inc. (GOOGM) generated $73.3B in free cash flow during fiscal year 2025. This represents a 0.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Alphabet Inc. (GOOGM) generated $164.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Alphabet Inc. (GOOGM) had $595.3B in total assets as of fiscal year 2025, including both current and long-term assets.
Alphabet Inc. (GOOGM) invested $91.4B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Alphabet Inc. (GOOGM) invested $61.1B in research and development during fiscal year 2025.
Alphabet Inc. (GOOGM) had a current ratio of 2.01 as of fiscal year 2025, which is generally considered healthy.
Alphabet Inc. (GOOGM) had a debt-to-equity ratio of 0.11 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Alphabet Inc. (GOOGM) had a liabilities-to-equity ratio of 0.43 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Alphabet Inc. (GOOGM) had a return on assets of 22.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Alphabet Inc. (GOOGM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Alphabet Inc. (GOOGM) has an earnings quality ratio of 1.25x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Alphabet Inc. (GOOGM) has an interest coverage ratio of 175.32x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Alphabet Inc. (GOOGM) scores 81 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.