Alphabet Inc. (Class A) income statement
In fiscal 2025, Alphabet Inc. (Class A) reported revenue of $402.84bn, up 15.1% on the year before, operating income of $129.04bn (a 32.0% margin) and net income of $132.17bn, or $10.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.7 | 29.3 | 37.9 | 46.0 | 55.5 | 66.0 | 75.0 | 90.3 | 110.9 | 136.8 | 161.9 | 182.5 | 257.6 | 282.8 | 307.4 | 350.0 | 402.8 | 471.1 |
| Cost of revenue | 8.8 | 10.4 | 13.2 | 17.2 | 22.0 | 25.7 | 28.2 | 35.1 | 45.6 | 59.5 | 71.9 | 84.7 | 110.9 | 126.2 | 133.3 | 146.3 | 162.5 | 184.4 |
| Gross profit | 14.8 | 18.9 | 24.7 | 28.9 | 33.5 | 40.3 | 46.8 | 55.1 | 65.3 | 77.3 | 90.0 | 97.8 | 146.7 | 156.6 | 174.1 | 203.7 | 240.3 | 286.7 |
| Research and development | 2.8 | 3.8 | 5.2 | 6.1 | 7.1 | 9.8 | 12.3 | 13.9 | 16.6 | 21.4 | 26.0 | 27.6 | 31.6 | 39.5 | 45.4 | 49.3 | 61.1 | 74.5 |
| Selling and marketing | 2.0 | 2.8 | 4.6 | 5.5 | 6.6 | 8.1 | 9.0 | 10.5 | 12.9 | 16.3 | 18.5 | 17.9 | 22.9 | 26.6 | 27.9 | 27.8 | 28.7 | 33.0 |
| General and administrative | 1.7 | 2.0 | 2.7 | 3.5 | 4.4 | 5.9 | 6.1 | 7.0 | 6.8 | 6.9 | 9.6 | 11.1 | 13.5 | 15.7 | 16.4 | 14.2 | 21.5 | 22.2 |
| Operating income | 8.3 | 10.4 | 11.7 | 13.8 | 15.4 | 16.5 | 19.4 | 23.7 | 26.2 | 27.5 | 34.2 | 41.2 | 78.7 | 74.8 | 84.3 | 112.4 | 129.0 | 157.0 |
| Interest expense | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.4 | 0.3 | 0.3 | 0.7 | 3.1 |
| Income before tax | 8.4 | 10.8 | 12.3 | 14.5 | 15.9 | 17.3 | 19.7 | 24.2 | 27.2 | 34.9 | 39.6 | 48.1 | 90.7 | 71.3 | 85.7 | 119.8 | 158.8 | 287.6 |
| Income tax | 1.9 | 2.3 | 2.6 | 2.9 | 2.7 | 3.6 | 3.3 | 4.7 | 14.5 | 4.2 | 5.3 | 7.8 | 14.7 | 11.4 | 11.9 | 19.7 | 26.7 | 51.9 |
| Net income | 6.5 | 8.5 | 9.7 | 10.7 | 12.7 | 14.1 | 16.3 | 19.5 | 12.7 | 30.7 | 34.3 | 40.3 | 76.0 | 60.0 | 73.8 | 100.1 | 132.2 | 235.7 |
| Diluted EPS | $20.41 | $26.31 | $29.76 | $0.81 | $0.94 | $1.03 | — | $27.85 | $18.00 | $43.70 | $49.16 | $2.93 | $5.61 | $4.56 | $5.80 | $8.04 | $10.81 | $19.18 |
| Diluted shares (average) | — | — | — | 13,292m | 13,552m | 13,741m | — | — | — | — | — | — | — | 13,159m | 12,722m | 12,447m | 12,230m | 12,286m |
| EBITDA | 9.6 | 11.4 | 13.1 | 15.8 | 18.2 | — | — | — | — | — | — | — | 89.0 | 88.3 | 96.2 | 127.7 | 150.2 | 185.0 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.5 | 90.2 | 96.4 | 102.3 | 113.8 | 109.9 | 119.8 | 127.6 |
| Cost of revenue | 40.6 | 36.4 | 39.0 | 41.4 | 45.8 | 41.3 | 45.9 | 51.4 |
| Gross profit | 55.9 | 53.9 | 57.4 | 61.0 | 68.1 | 68.6 | 73.9 | 76.2 |
| Research and development | 13.1 | 13.6 | 13.8 | 15.2 | 18.6 | 17.0 | 18.2 | 20.6 |
| Selling and marketing | 7.4 | 6.2 | 7.1 | 7.2 | 8.2 | 7.6 | 8.4 | 8.8 |
| General and administrative | 4.4 | 3.5 | 5.2 | 7.4 | 5.3 | 4.3 | 6.5 | 6.1 |
| Operating income | 31.0 | 30.6 | 31.3 | 31.2 | 35.9 | 39.7 | 40.8 | 40.6 |
| Interest expense | 0.1 | 0.0 | 0.3 | 0.1 | 0.3 | 0.5 | 1.3 | 1.0 |
| Income before tax | 32.2 | 41.8 | 33.9 | 44.0 | 39.1 | 77.4 | 138.8 | 32.4 |
| Income tax | 5.7 | 7.2 | 5.7 | 9.0 | 4.7 | 14.8 | 26.6 | 5.9 |
| Net income | 26.5 | 34.5 | 28.2 | 35.0 | 34.5 | 62.6 | 112.2 | 26.5 |
| Diluted EPS | $2.14 | $2.81 | $2.31 | $2.87 | $2.82 | $5.11 | $9.11 | $2.12 |
| EBITDA | 35.2 | 35.1 | 36.3 | 36.8 | 42.0 | 46.2 | 47.9 | 48.9 |
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