GOOGLNasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31Also trades as GOOG, GOOGM, GOOGN
Alphabet Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$344.18+3.59 (+1.05%)
Close on Oct 19, 2026
- Market cap
- $4.24T
- P/E (TTM)
- 17.3
- Dividend yield
- 0.24%
Margins
Share of revenue, fiscal years 2012 to 2025
Gross margin
59.7%+6.1 pts over 5 years
Operating margin
32.0%+9.4 pts over 5 years
Net margin
32.8%+10.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +15.1% | +12.5% | +17.2% | +18.3% | |
| Gross profit | +18.0% | +15.3% | +19.7% | +17.8% | |
| Operating income | +14.8% | +19.9% | +25.6% | +20.9% | |
| Net income | +32.0% | +30.1% | +26.8% | +23.2% | |
| EPS, diluted | +34.5% | +33.3% | +29.8% | – | |
| Free cash flow | +0.7% | +6.9% | +11.3% | +16.0% | |
| Dividend per share | +38.3% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 15.0% | 19.0% | 35.7% | |
| Return on assets | 12.4% | 13.5% | 25.3% | |
| Current ratio | 6.29 | 3.07 | 2.01 | |
| Debt to equity | 0.03 | 0.07 | 0.12 | |
| Interest coverage | 191.3× | 305.4× | 175.3× | |
| Inventory turnover | 92.6× | 98.1× | – | |
| Capex to revenue | 11.3% | 12.2% | 22.7% | |
| Diluted shares | – | – | 12.23B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Alphabet generated $574.91B from operations and spent $528.78B on capital expenditure, dividends and share buybacks. 44% of that went back into the business.
Generated
$574.91B
Used
$528.78B
Capital expenditure$232.36B44%Dividends$17.41B3%Share buybacks$279.01B53%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin32.8%
×Asset turnover0.77×
×Equity multiplier1.41×
=Return on equity, FY202535.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 32.8% | 0.77× | 1.41× | 35.7% |
| FY2024 | 28.6% | 0.82× | 1.40× | 32.9% |
| FY2023 | 24.0% | 0.80× | 1.42× | 27.4% |
| FY2022 | 21.2% | 0.78× | 1.43× | 23.6% |
| FY2021 | 29.5% | 0.76× | 1.43× | 32.1% |
| FY2020 | 22.1% | 0.61× | 1.40× | 19.0% |
| FY2019 | 21.2% | 0.64× | 1.34× | 18.1% |
| FY2018 | 22.5% | 0.64× | 1.30× | 18.6% |
| FY2017 | 11.4% | 0.61× | 1.25× | 8.7% |
| FY2016 | 21.6% | 0.57× | 1.21× | 15.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$132.17B
- Cash generatingOperating cash flow above zero$164.71B
- Return on assets improvedROA up on the prior year24.9% → 29.4%
- Earnings backed by cashOperating cash flow above net income$164.71B vs $132.17B
- Less leverageLong-term debt to assets fell2.4% → 7.8%
- Better liquidityCurrent ratio rose1.84 → 2.01
- No dilutionShare count did not rise12.45B → 12.23B
- Gross margin improvedGross margin up on the prior year58.20% → 59.65%
- More efficientAsset turnover rose0.87 → 0.89