Alphabet Inc. Class A (GOOGL) financials

NASDAQ · Communication Services · Internet Content & Information · 198,933 employees · CEO Sundar Pichai

Price: $279.84 -1.40%
Market cap: $3.41T
Enterprise value: $3.5T
Last report: Q3 '26 filed 2026-10-29
Next report: 2027-02-03 EPS est. $3.17

Revenue (TTM)$471B+22.2% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)33.3%+1.1 pp vs a year agoOperating income $157B

Net income (TTM)$236B+89.7% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$19.7B-73.2% vs a year agoCapex $160B

Diluted EPS (TTM)$19.16+89.0% vs a year agoSum of the last 4 quarters

Net cash$123B+90.1% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $3.41T
Revenue: $471B
Revenue growth: +24%
Profit margin: 50.0%
P/E: 14.3×
P/S: 7.2×
EV / EBITDA: 11.0×
Free cash flow: $19.7B
Net income: $236B
Revenue estimate: $499B
Earnings: 2027-02-03
Dividend: $0.86

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-28): revenue in line, EPS missed by 29.8%Revenue $128B vs $128B expected (-0.3%); EPS $2.12 vs $3.02 (-29.8%).
Revenue growth accelerating: 24.7% year on yearQ3 '26 revenue $128B, against an average of 20.0% over the four quarters before.
Operating margin 33.3% (TTM), +1.1 pp on a year agoOperating income grew 26.5% while revenue grew 22.2%.
45.4% of pre-tax profit is non-operatingPre-tax income $288B vs operating income $157B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
Capex 33.9% of revenue (a year ago 20.2%)$160B invested in the last 4 quarters (+105.2% on a year earlier). Free cash flow $19.7B = 8.4% of net income.
Returned $16.2B to shareholders = 82.0% of free cash flowBuybacks $5.5B (a year earlier $55.8B), dividends $10.7B, stock-based pay $30.4B (TTM).
Diluted share count up 1.4% in a year12.4B diluted shares in Q3 '26, 12.2B a year earlier.
Net cash $123BCash + short-term investments $265B, debt incl. leases $142B; a year ago net cash $64.8B.
Google Cloud: revenue +102.6%, margin 36.2% (was 23.7%)Fastest-growing reported segment in Q3 '26: operating income $11.1B on revenue $30.7B (from the segment note of the filing).

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	$128B	$102B	+24.7%
Gross margin	59.7%	59.6%	+0.1 pp
Operating income	$40.6B	$31.2B	+29.9%
Operating margin	31.8%	30.5%	+1.3 pp
Net income	$26.5B	$35B	-24.3%
Diluted EPS	$2.12	$2.87	-26.1%
Operating cash flow	$42.3B	$48.4B	-12.6%
Capex	$51.4B	$24B	+114.4%
Free cash flow	-$9.07B	$24.5B	-137.1%
R&D	$20.6B	$15.2B	+36.2%
Stock-based compensation	$8.63B	$6.37B	+35.5%

Reported vs consensus

2026-10-28

	Actual	Consensus	vs consensus
Revenue	$128B	$128B	-0.3%
EPS (as estimated)	$2.12	$3.02	-29.8%

From the report of 2026-10-28 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
Google Search & other	$63.4B	+12.0%	49.7%	$250B	+16.1%
Google Cloud	$30.7B	+102.6%	24.1%	$93.2B	+75.8%
Google subscriptions, platforms, and devices	$14.3B	+11.0%	11.2%	$53.2B	+15.4%
YouTube ads	$11.2B	+9.2%	8.8%	$43.5B	+10.3%
Google Network	$7.46B	+1.4%	5.8%	$29.6B	-1.2%
Other Bets	$372M	+8.1%	0.3%	$1.54B	-2.0%
Hedging gains (losses)	$194M	+193.7%	0.2%	$52M	+233.3%

Revenue by region

share of total

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
United States	$67.7B	+38.8%	53.1%	$238B	+27.8%
EMEA	$32.7B	+9.3%	25.7%	$130B	+15.4%
Asia Pacific	$19.9B	+11.7%	15.6%	$76B	+18.2%
Americas Excluding United States	$7.1B	+17.1%	5.6%	$27.3B	+20.1%

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q3 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Google Services	$96.3B	+10.6%	$39.2B	+16.8%	40.7%	38.5%	$159B
Google Cloud	$30.7B	+102.6%	$11.1B	+209.4%	36.2%	23.7%	$31.8B
All other segments	$372M	+8.1%	-$2.05B	-43.5%	-550.3%	-414.5%	-$9.56B
Corporate (unallocated)	–	–	-$7.66B	-71.4%	–	–	-$24.7B

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $180B
Capex: -$160B
Buybacks: -$5.5B
Dividends: -$10.7B
Acquisitions: -$34.3B
Net debt issued: $96.6B
Stock-based compensation: $30.4B
Free cash flow: $19.7B
Returned to shareholders / FCF: 82.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	14.3×	24.2×	19.3× – 28.8×
EV / EBITDA	11.0×	17.8×	13.7× – 21.2×
EV / Sales	7.4×	6.7×	4.1× – 9.5×
Price / FCF	172.7×	31.6×	19.3× – 51.9×
Price / Book	5.0×	7.0×	4.5× – 9.2×
FCF yield	0.6%	3.5%	1.9% – 5.2%
Return on invested capital	14.8%	22.7%	21.1% – 25.8%
Return on equity	42.6%	28.5%	23.4% – 31.8%

Analysts

Consensus target $400.32 (+43.1%)
range $325.00 – $485.00 · rating Buy

Strong buy2

Buy69

Hold11

Sell1

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$499B	+24.0%	$19.76	+82.8%	14.2×	36
FY2027	$635B	+27.1%	$15.05	-23.8%	18.6×	38
FY2028	$776B	+22.2%	$18.17	+20.7%	15.4×	36
FY2029	$887B	+14.4%	$22.01	+21.1%	12.7×	17
FY2030	$986B	+11.0%	$24.86	+13.0%	11.3×	17

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 327 figures Alphabet Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
Accounts Payable, Current	$22B	$10.5B	+108.4%	$12.2B	$7.99B	+52.7%
Accounts Receivable, after Allowance for Credit Loss, Current	$72.8B	$57.1B	+27.4%	$62.9B	$52.3B	+20.1%
Accounts Receivable, Allowance for Credit Loss	$1.2B	$918M	+30.7%	$924M	$879M	+5.1%
Accrued Income Taxes, Current	$1.7B	$551M	+209.1%	$523M	$2.91B	-82.0%
Accrued Income Taxes, Noncurrent	$12.2B	$10.1B	+21.3%	$9.53B	$8.78B	+8.5%
Accrued Liabilities, Current	$74.3B	$59.4B	+25.0%	$55.6B	$51.2B	+8.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$4.33B	-$2.05B	-110.6%	-$1.92B	-$4.8B	+60.1%
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings	$2.7B	$2.56B	+5.4%	$10.2B	$7.54B	+34.9%
Amortization of Intangible Assets	$375M	$129M	+190.7%	–	–	–
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$8.68B	$6.41B	+35.4%	$25.1B	$22.9B	+9.6%
Assets	$1T	$536B	+87.0%	$595B	$450B	+32.2%
Assets, Current	$375B	$174B	+115.4%	$206B	$164B	+25.9%
Capital Expenditures Incurred but Not yet Paid	$6.81B	$3.94B	+72.8%	$15.1B	$10.3B	+46.1%
Cash and Cash Equivalents, at Carrying Value	$56.3B	$23.1B	+144.0%	$30.7B	$23.5B	+30.9%
Cash, Cash Equivalents, and Short-term Investments	$265B	$98.5B	+169.1%	$127B	$95.7B	+32.6%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$56.3B	$23.1B	+144.0%	$30.7B	$23.5B	+30.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$423M	$2.05B	-79.4%	$7.24B	-$582M	+1,344.3%
Commercial Paper	$0	$3B	-100.0%	$0	$2.3B	-100.0%
Commissions Payable to Broker-Dealers and Clearing Organizations	$3.89B	$4B	-2.9%	$950M	$3.87B	-75.4%
Common Stock, Dividends, Per Share, Declared	$0.22	$0.21	+4.8%	$0.83	$0.60	+38.3%
Common Stock, Par or Stated Value Per Share	$0.00	$0.00	0.0%	$0.00	$0.00	0.0%
Common Stock, Shares Authorized	300B	300B	0.0%	300B	300B	0.0%
Common Stock, Shares, Issued	12.3B	12.1B	+1.8%	12.1B	12.2B	-1.0%
Common Stock, Shares, Outstanding	12.3B	12.1B	+1.8%	12.1B	12.2B	-1.0%
Common Stocks, Including Additional Paid in Capital	$147B	$91.7B	+60.4%	$93.1B	$84.8B	+9.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$24.4B	$35.1B	-30.3%	$135B	$99.7B	+35.4%
Contract with Customer, Liability	$12.6B	$7.4B	+70.3%	$8.6B	$6B	+43.3%
Contract with Customer, Liability, Current	$9.43B	$5.54B	+70.1%	$6.58B	$5.04B	+30.6%
Contract with Customer, Liability, Revenue Recognized	$600M	$600M	0.0%	$4.6B	$3.9B	+17.9%
Convertible Preferred Stock, Nonredeemable or Redeemable, Issuer Option, Value	$18B	$0	–	$0	$0	–
Cost of Revenue	$51.4B	$41.4B	+24.3%	$163B	$146B	+11.1%
Costs and Expenses	$87B	$71.1B	+22.3%	$274B	$238B	+15.2%
Current Federal, State and Local, Tax Expense (Benefit)	–	–	–	$13.4B	$21.1B	-36.6%
Current Foreign Tax Expense (Benefit)	–	–	–	$5.03B	$3.85B	+30.5%
Current Income Tax Expense (Benefit)	–	–	–	$18.4B	$25B	-26.2%
Debt and Equity Securities, Gain (Loss)	-$9.05B	$10.9B	-183.4%	$24.6B	$2.67B	+821.8%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$1.11B	-$290M	+482.8%	-$542M	-$118M	-359.3%
Debt Securities, Available-for-sale	$118B	$69.4B	+70.6%	$89.8B	$67.4B	+33.3%
Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease)	$83M	-$2M	+4,250.0%	-$30M	$2M	-1,600.0%
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	$2.98B	$7.24B	-58.8%	$6.64B	$13.2B	-49.8%
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$196M	$200M	-2.0%	$165M	$535M	-69.2%
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	$100B	$6.01B	+1,564.4%	$6.52B	$20.6B	-68.3%
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$2.25B	$35M	+6,331.4%	$13M	$249M	-94.8%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	$17.4B	$13.4B	+29.8%	$13.3B	$12.9B	+3.3%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	$17.5B	$13.4B	+30.8%	$12.8B	$10.9B	+16.9%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	$66.5B	$36.7B	+81.4%	$37B	$37.2B	-0.6%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	$17B	$5.95B	+185.6%	$26.7B	$6.34B	+321.6%
Debt Securities, Available-for-sale, Gain (Loss)	-$383M	$122M	-413.9%	$540M	-$1.04B	+151.8%
Debt Securities, Available-for-sale, Realized Gain	$24M	$135M	-82.2%	$572M	$482M	+18.7%
Debt Securities, Available-for-sale, Realized Loss	$81M	$30M	+170.0%	$316M	$1.55B	-79.7%
Debt Securities, Available-for-sale, Unrealized Loss Position	$103B	$13.2B	+677.7%	$13.2B	$33.8B	-61.1%
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$2.45B	$235M	+941.3%	$178M	$784M	-77.3%
Debt Securities, Realized Gain (Loss)	-$383M	$122M	-413.9%	$540M	-$1.04B	+151.8%
Deferred Federal, State and Local, Tax Expense (Benefit)	–	–	–	$8.24B	-$5.35B	+254.1%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	$7M	$94M	-92.6%
Deferred Income Tax Assets, Net	$1.46B	$10.3B	-85.9%	$9.11B	$17.2B	-47.0%
Deferred Income Tax Expense (Benefit)	–	–	–	$8.25B	-$5.26B	+257.0%
Deferred Income Tax Liabilities, Net	$27.8B	–	–	$485M2023-12-31	$514M	-5.6%
Deferred Income Taxes and Tax Credits	$5.54B	$8.73B	-36.5%	$8.35B	-$5.26B	+258.8%
Deferred Tax Assets, Gross	$48B2025-12-31	$44.9B	+7.1%	$48B	$44.9B	+7.1%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-01