Google Services
Search and other advertising, YouTube advertising, and subscriptions, platforms and devices such as Google Play, YouTube subscriptions and Pixel.
Stock research
Alphabet Inc. (GOOGL) Stock Research
Alphabet is the parent of Google, which operates the world's dominant search engine, YouTube, the Android platform, and the Google Cloud business.
For the fiscal year ended December 31, 2025, Alphabet Inc. reported revenue of $402.8B and net income of $132.2B, with operating cash flow of $164.7B. Source: Form 10-K filed February 5, 2026
- $402.8B
- FY ending 2025-12-31
- $132.2B
- FY ending 2025-12-31
- $10.81
- 32.8%
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
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How Alphabet makes money
Its Gemini models place it at the center of the competition in consumer and enterprise AI.
Google Cloud
Google Cloud Platform infrastructure and AI services plus Google Workspace collaboration tools.
Other Bets
Earlier-stage businesses such as Waymo, reported separately from Google.
- NASDAQ: GOOGL
- Communication Services
- Services-Computer Programming, Data Processing, Etc. (SIC 7370)
- December 31
- Mountain View, California
- 1998
GOOGL key financials
Reported figures from Alphabet Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $402.8B | 2025-01-01 – 2025-12-31 | SEC filing |
| Net income | $132.2B | 2025-01-01 – 2025-12-31 | SEC filing |
| Operating cash flow | $164.7B | 2025-01-01 – 2025-12-31 | SEC filing |
| Diluted EPS | $10.81 | 2025-01-01 – 2025-12-31 | SEC filing |
| Net margin | 32.8% | 2025-01-01 – 2025-12-31 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price.
What investors should watch in GOOGL
For Alphabet Inc., the most important recurring operating and market variables are:
- ◆Google Search & other advertising revenue and query monetization as AI features expand
- ◆Google Cloud consumption growth and operating margin
- ◆Traffic acquisition costs and the mix shift away from Google Network
- ◆Capital expenditures for AI infrastructure and TPUs
- ◆Antitrust remedies in the Search and ad-tech cases
Key questions for the GOOGL thesis
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
Is search advertising still growing through the AI transition?
Google Search & other revenue rose to $224.5 billion in 2025 from $198.1 billion, and the 10-K says more than 70% of total revenue still comes from advertising. Item 1A discusses how AI could reshape ad delivery, so watch YouTube ads at $40.4 billion and the declining Google Network line at $29.8 billion for mix changes.
How profitable is Google Cloud becoming?
Google Cloud revenue grew 36% to $58.7 billion in 2025 and its operating income rose to $13.9 billion from $6.1 billion. Item 7 notes fluctuations tied to customer usage, demand, and supply availability; compare Cloud's margin trajectory with the increase in depreciation flowing through cost of revenues.
What will the antitrust judgments cost?
Item 1A describes the December 2025 final judgment in the DOJ Search case, which requires sharing certain search data and offering syndication to competitors, and the appeals filed by both sides in early 2026, plus the mixed April 2025 ad-tech ruling. Read Note 10 for how remedies might affect distribution agreements and TAC.
Can the investment pace be sustained?
Audited 2025 revenue was $402.8 billion with net income of $132.2 billion, and management said capital expenditures would increase significantly again in 2026 after heavy 2025 spending on technical infrastructure. Other Bets lost $7.5 billion and Alphabet-level AI research costs rose to $16.8 billion; weigh these against $45.4 billion of buybacks.
Does GOOGL's reported profit turn into cash?
Operating cash flow was $164.7B, 1.25 times net income of $132.2B, for the fiscal year ended December 31, 2025.
Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.
How much of GOOGL's revenue is left as profit?
Net income was 32.8% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
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The thesis, the numbers behind it, and what would break it. Full access is $39 a month.
Read the full researchGOOGL primary sources
- Latest annual report: Form 10-K filed February 5, 2026
- Latest quarterly report: Form 10-Q filed July 23, 2026
- Alphabet investor relations
- Alphabet filings at the SEC
How we source and review company pages: research methodology.
Congressional trading in GOOGL
| Politician | Trade date | Type | Owner | Amount | Source |
|---|---|---|---|---|---|
| Pete Sessions | 2026-09-14 | Sale | Self | $15,001 - $50,000 | Filing #20035480 |
| Thomas Kean | 2026-08-27 | Sale | Self | $1,001 - $15,000 | Filing #20035431 |
| Michael Rulli | 2026-08-24 | Sale | Self | $50,001 - $100,000 | Filing #20035309 |
| David Taylor | 2026-08-11 | Purchase | Self | $1,001 - $15,000 | Filing #20035289 |
| David Taylor | 2026-08-11 | Purchase | Self | $1,001 - $15,000 | Filing #20035289 |
| Thomas Kean | 2026-07-22 | Sale | Self | $1,001 - $15,000 | Filing #20035273 |
| David Taylor | 2026-07-17 | Purchase | Self | $1,001 - $15,000 | Filing #20035146 |
| Dan Newhouse | 2026-07-10 | Sale | Spouse | $1,001 - $15,000 | Filing #20034998 |
| Michael Rulli | 2026-06-29 | Purchase | Self | $1,001 - $15,000 | Filing #20035147 |
| Michael Rulli | 2026-06-25 | Purchase | Self | $1,001 - $15,000 | Filing #20035147 |
All verified GOOGL congressional disclosures
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
Compare GOOGL with similar companies
Industry
Alphabet peers
Meta Platforms, Inc. (META)Services-Computer Programming, Data Processing, Etc.Alphabet Inc. (GOOG)Services-Computer Programming, Data Processing, Etc.Match Group, Inc. (MTCH)Services-Computer Programming, Data Processing, Etc.Netflix, Inc. (NFLX)Services-Video Tape RentalThe Walt Disney Company (DIS)Services-Miscellaneous Amusement & RecreationComcast Corporation (CMCSA)Cable & Other Pay Television Services
Research that covers Alphabet
GOOGL — frequently asked questions
What does Alphabet Inc. do?
Alphabet is the parent of Google, which operates the world's dominant search engine, YouTube, the Android platform, and the Google Cloud business. Its filings describe these business lines: Google Services, Google Cloud, Other Bets.
What were GOOGL's latest reported annual revenue and net income?
For the fiscal year ended December 31, 2025, Alphabet Inc. reported revenue of $402.8B and net income of $132.2B, with operating cash flow of $164.7B. The figures come from Alphabet Inc.'s SEC XBRL filings.
When does Alphabet Inc.'s fiscal year end?
The SEC lists Alphabet Inc.'s fiscal year end as December 31.
Do members of Congress trade GOOGL?
The current verified House and Senate snapshot contains 89 transaction rows for GOOGL, each linked to the original filing.
Where is Alphabet Inc. headquartered?
Alphabet Inc. is headquartered in Mountain View, California and was founded in 1998.
Is GOOGL a good investment?
This page does not rate GOOGL as a buy or sell. It sets out what Alphabet Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
What do the GOOGL numbers leave unanswered?
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
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