Alphabet Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $402.8B | $350.0B | $307.4B | $282.8B | $257.6B |
| Cost of revenue | $162.5B | $146.3B | $133.3B | $126.2B | $110.9B |
| Research and development | $61.1B | $49.3B | $45.4B | $39.5B | $31.6B |
| Operating income | $129.0B | $112.4B | $84.3B | $74.8B | $78.7B |
| Interest expense | $736.0M | $268.0M | $308.0M | $357.0M | $346.0M |
| Pretax income | $158.8B | $119.8B | $85.7B | $71.3B | $90.7B |
| Income tax expense | $26.7B | $19.7B | $11.9B | $11.4B | $14.7B |
| Net income | $132.2B | $100.1B | $73.8B | $60.0B | $76.0B |
| Balance Sheet | |||||
| Cash and equivalents | $30.7B | $23.5B | $24.0B | $21.9B | $20.9B |
| Current assets | $206.0B | $163.7B | $171.5B | $164.8B | $188.1B |
| Total assets | $595.3B | $450.3B | $402.4B | $365.3B | $359.3B |
| Current liabilities | $102.7B | $89.1B | $81.8B | $69.3B | $64.3B |
| Total liabilities | $180.0B | $125.2B | $119.0B | $109.1B | $107.6B |
| Total debt | $49.1B | $12.0B | — | — | — |
| Stockholders' equity | $415.3B | $325.1B | $283.4B | $256.1B | $251.6B |
| Cash Flow Statement | |||||
| Cash from operations | $164.7B | $125.3B | $101.7B | $91.5B | $91.7B |
| Depreciation and amortization | $21.1B | $15.3B | $11.9B | $13.5B | $10.3B |
| Stock-based compensation | $25.0B | $22.8B | $22.5B | $19.4B | $15.4B |
| Capital expenditure | $91.4B | $52.5B | $32.3B | $31.5B | $24.6B |
| Free cash flow | $73.3B | $72.8B | $69.5B | $60.0B | $67.0B |
| Dividends paid | $10.0B | $7.4B | $0 | $0 | — |
| Share repurchases | $45.7B | $62.2B | $61.5B | $59.3B | $50.3B |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 12.1B · Free float 92.8%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.