Alphabet Inc. (GOOGL) financial statements: income statement, balance sheet and cash flow
Alphabet Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Alphabet Inc. reported revenue of $402.8B (+15.1% year on year) and net income of $132.2B (+32.0% year on year).
Income statement
Alphabet Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$402.8B
$350.0B
$307.4B
$282.8B
Cost of revenues
$162.5B
$146.3B
$133.3B
$126.2B
Research and development
$61.1B
$49.3B
$45.4B
$39.5B
Sales and marketing
$28.7B
$27.8B
$27.9B
$26.6B
General and administrative
$21.5B
$14.2B
$16.4B
$15.7B
Total costs and expenses
$273.8B
$237.6B
$223.1B
$208.0B
Income from operations
$129.0B
$112.4B
$84.3B
$74.8B
Other income (expense), net
$29.8B
$7.4B
$1.4B
($3.5B)
Income before income taxes
$158.8B
$119.8B
$85.7B
$71.3B
Provision for income taxes
$26.7B
$19.7B
$11.9B
$11.4B
Net income
$132.2B
$100.1B
$73.8B
$60.0B
Basic net income per share (in dollars per share)
$10.91
$8.13
$5.84
$4.59
Diluted net income per share (in dollars per share)
$10.81
$8.04
$5.80
$4.56
Alphabet Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$119.8B
$109.9B
$102.3B
$96.4B
Cost of revenues
$45.9B
$41.3B
$41.4B
$39.0B
Research and development
$18.2B
$17.0B
$15.2B
$13.8B
Sales and marketing
$8.4B
$7.6B
$7.2B
$7.1B
General and administrative
$6.5B
$4.3B
$7.4B
$5.2B
Total costs and expenses
$79.0B
$70.2B
$71.1B
$65.2B
Income from operations
$40.8B
$39.7B
$31.2B
$31.3B
Other income (expense), net
$98.0B
$37.7B
$12.8B
$2.7B
Income before income taxes
$138.8B
$77.4B
$44.0B
$33.9B
Provision for income taxes
$26.6B
$14.8B
$9.0B
$5.7B
Net income
$112.2B
$62.6B
$35.0B
$28.2B
Preferred stock dividends
$86.0M
—
—
—
Net income available to common stockholders
$112.1B
—
—
—
Basic net income per common share (Note 12) (in dollars per share)
$9.23
$5.17
$2.89
$2.33
Diluted net income per common share (Note 12) (in dollars per share)
$9.11
$5.11
$2.87
$2.31
Balance sheet
Alphabet Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$30.7B
$23.5B
$24.0B
$21.9B
Marketable securities
$96.1B
$72.2B
$86.9B
$91.9B
Total cash, cash equivalents, and marketable securities
$126.8B
$95.7B
$110.9B
$113.8B
Accounts receivable, net
$62.9B
$52.3B
$48.0B
$40.3B
Other current assets
$16.3B
$15.7B
$12.7B
$8.1B
Total current assets
$206.0B
$163.7B
$171.5B
$164.8B
Non-marketable securities
$68.7B
$38.0B
$31.0B
$30.5B
Deferred income taxes
$9.1B
$17.2B
$12.2B
$5.3B
Property and equipment, net
$246.6B
$171.0B
$134.3B
$112.7B
Operating lease assets
$15.2B
$13.6B
$14.1B
$14.4B
Goodwill
$33.4B
$31.9B
$29.2B
$29.0B
Other non-current assets
$16.2B
$14.9B
$10.1B
$6.6B
Total assets
$595.3B
$450.3B
$402.4B
$365.3B
Accounts payable
$12.2B
$8.0B
$7.5B
$5.1B
Accrued compensation and benefits
$17.5B
$15.1B
$15.1B
$14.0B
Accrued expenses and other current liabilities
$55.6B
$51.2B
$46.2B
$37.9B
Accrued revenue share
$10.9B
$9.8B
$8.9B
$8.4B
Deferred revenue
$6.6B
$5.0B
$4.1B
$3.9B
Total current liabilities
$102.7B
$89.1B
$81.8B
$69.3B
Long-term debt
$46.5B
$10.9B
$13.3B
$14.7B
Income taxes payable, non-current
$9.5B
$8.8B
$8.5B
$9.3B
Operating lease liabilities
$12.7B
$11.7B
$12.5B
$12.5B
Other long-term liabilities
$8.4B
$4.7B
$1.6B
$2.2B
Total liabilities
$180.0B
$125.2B
$119.0B
$109.1B
Preferred stock, $0.001 par value per share, 100 shares authorized; no shares issued and outstanding
$0.00
$0.00
$0.00
$0.00
Class A, Class B, and Class C stock and additional paid-in capital, $0.001 par value per share: 300,000 shares authorized (Class A 180,000, Class B 60,000, Class C 60,000); 12,211 (Class A 5,835, Class B 861, Class C 5,515) and 12,088 (Class A 5,822, Class B 837, Class C 5,429) shares issued and outstanding
$93126000000.00
$84800000000.00
$76534000000.00
$68184000000.00
Accumulated other comprehensive income (loss)
($1.9B)
($4.8B)
($4.4B)
($7.6B)
Retained earnings
$324.1B
$245.1B
$211.2B
$195.6B
Total stockholders’ equity
$415.3B
$325.1B
$283.4B
$256.1B
Total liabilities and stockholders’ equity
$595.3B
$450.3B
$402.4B
$365.3B
Alphabet Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$55.9B
$38.1B
$23.1B
$21.0B
Marketable securities
$186.6B
$88.8B
$75.4B
$74.1B
Total cash, cash equivalents, and marketable securities
$242.5B
$126.8B
$98.5B
$95.1B
Accounts receivable, net
$69.2B
$63.0B
$57.1B
$55.0B
Inventory
$10.0B
—
—
—
Other current assets
$21.9B
$23.9B
$18.3B
$16.0B
Total current assets
$343.5B
$213.8B
$173.9B
$166.2B
Non-marketable securities
$131.5B
$106.9B
$63.8B
$52.6B
Deferred income taxes
$1.4B
$2.0B
$10.3B
$19.3B
Property and equipment, net
$321.2B
$281.0B
$223.8B
$203.2B
Operating lease assets
$17.7B
$15.5B
$14.5B
$14.3B
Goodwill
$57.8B
$57.8B
$33.3B
$32.3B
Intangible assets, net
$9.1B
$9.4B
—
—
Other non-current assets
$39.7B
$17.5B
$16.8B
$14.2B
Total assets
$922.0B
$703.9B
$536.5B
$502.1B
Accounts payable
$20.3B
$16.9B
$10.5B
$8.3B
Accrued compensation and benefits
$15.1B
$13.9B
$13.9B
$12.2B
Accrued expenses and other current liabilities
$73.0B
$63.0B
$59.4B
$52.0B
Accrued revenue share
$10.6B
$10.2B
$10.1B
$9.8B
Deferred revenue
$7.2B
$7.2B
$5.5B
$5.0B
Total current liabilities
$126.1B
$111.2B
$99.5B
$87.3B
Long-term debt
$98.2B
$77.5B
$21.6B
$23.6B
Income taxes payable, non-current
$11.3B
$12.5B
$10.1B
$10.0B
Deferred income taxes
$22.8B
—
—
—
Operating lease liabilities
$14.6B
$13.0B
$12.1B
$12.0B
Other long-term liabilities
$8.5B
$11.0B
$6.3B
$6.2B
Total liabilities
$281.5B
$225.2B
$149.6B
$139.1B
Series A and Series B preferred stock and additional paid-in capital, $0.001 par value per share, 100 shares authorized; 6.25% mandatory convertible preferred stock, 0 and 19 shares issued and outstanding allocated equally between each series with a liquidation preference of $1,000 per share
$18023000000.00
$0.00
$0.00
$0.00
Class A, Class B, and Class C stock and additional paid-in capital, $0.001 par value per share: 300,000 shares authorized (Class A 180,000, Class B 60,000, Class C 60,000); 12,088 (Class A 5,822, Class B 837, Class C 5,429) and 12,230 (Class A 5,868, Class B 835, Class C 5,527) shares issued and outstanding
$131371000000.00
$96902000000.00
$91695000000.00
$89283000000.00
Accumulated other comprehensive income (loss)
($2.3B)
($2.2B)
($2.1B)
($2.1B)
Retained earnings
$493.4B
$384.0B
$297.2B
$275.8B
Total stockholders’ equity
$640.5B
$478.7B
$386.9B
$362.9B
Total liabilities and stockholders’ equity
$922.0B
$703.9B
$536.5B
$502.1B
Cash flow statement
Alphabet Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$132.2B
$100.1B
$73.8B
$60.0B
Depreciation of property and equipment
$21.1B
$15.3B
$11.9B
—
Stock-based compensation expense
$25.0B
$22.8B
$22.5B
$19.4B
Deferred income taxes
$8.3B
($5.3B)
($7.8B)
($8.1B)
Loss (gain) on debt and equity securities, net
($24.6B)
($2.7B)
$823.0M
$5.5B
Other
$2.1B
$3.4B
$4.3B
$1.0B
Accounts receivable, net
($8.8B)
($5.9B)
($7.8B)
($2.3B)
Income taxes, net
($3.2B)
($2.4B)
$523.0M
$584.0M
Other assets
($4.5B)
($1.4B)
($2.1B)
($5.0B)
Accounts payable
$907.0M
$359.0M
$664.0M
$707.0M
Accrued expenses and other liabilities
$12.9B
($1.2B)
$3.9B
$3.9B
Accrued revenue share
$899.0M
$1.1B
$482.0M
($445.0M)
Deferred revenue
$2.4B
$1.0B
$525.0M
$367.0M
Net cash provided by operating activities
$164.7B
$125.3B
$101.7B
$91.5B
Purchases of property and equipment
($91.4B)
($52.5B)
($32.3B)
($31.5B)
Purchases of marketable securities
($103.8B)
($86.7B)
($77.9B)
($78.9B)
Maturities and sales of marketable securities
$83.2B
$103.4B
$86.7B
$97.8B
Purchases of non-marketable securities
($5.7B)
($5.0B)
($3.0B)
($2.5B)
Maturities and sales of non-marketable securities
$1.4B
$882.0M
$947.0M
$150.0M
Acquisitions, net of cash acquired, and purchases of intangible assets
($1.6B)
($2.9B)
($495.0M)
($7.0B)
Other investing activities
($2.4B)
($2.7B)
($1.1B)
$1.6B
Net cash used in investing activities
($120.3B)
($45.5B)
($27.1B)
($20.3B)
Net payments related to stock-based award activities
($14.2B)
($12.2B)
($9.8B)
($9.3B)
Repurchases of stock
($45.7B)
($62.2B)
($61.5B)
($59.3B)
Dividend payments
($10.0B)
($7.4B)
—
—
Proceeds from issuance of debt, net of costs
$64.6B
$13.6B
$10.8B
$52.9B
Repayments of debt
($32.4B)
($12.7B)
($11.6B)
($54.1B)
Proceeds from sale of interest in consolidated entities, net
$400.0M
$1.2B
$8.0M
$35.0M
Net cash used in financing activities
($37.4B)
($79.7B)
($72.1B)
($69.8B)
Effect of exchange rate changes on cash and cash equivalents
$208.0M
($612.0M)
($421.0M)
($506.0M)
Net increase (decrease) in cash and cash equivalents
$7.2B
($582.0M)
$2.2B
$934.0M
Cash and cash equivalents at beginning of period
$23.5B
$24.0B
$21.9B
$20.9B
Cash and cash equivalents at end of period
$30.7B
$23.5B
$24.0B
$21.9B
Purchases of property and equipment included in accrued liabilities and accounts payable
$15.1B
—
—
—
Alphabet Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$174.8B
$62.6B
$97.7B
$62.7B
Depreciation of property and equipment
$13.6B
$6.5B
$15.1B
$9.5B
Stock-based compensation expense
$14.7B
$6.8B
$17.9B
$11.5B
Deferred income taxes
$27.5B
$6.9B
$7.1B
($1.6B)
Loss (gain) on debt and equity securities, net
($135.8B)
($36.8B)
($22.3B)
($11.4B)
Other
$3.2B
$1.3B
$843.0M
$1.0B
Accounts receivable, net
($6.9B)
($363.0M)
($3.6B)
($1.2B)
Inventory
($7.7B)
—
—
—
Income taxes, net
$8.3B
$8.1B
($3.3B)
($2.4B)
Other assets
($9.9B)
($3.4B)
($4.1B)
($2.8B)
Accounts payable
$2.1B
($240.0M)
($771.0M)
($327.0M)
Accrued expenses and other liabilities
$308.0M
($6.0B)
$6.2B
($1.6B)
Deferred revenue
$789.0M
$505.0M
$1.3B
$636.0M
Net cash provided by operating activities
$84.9B
$45.8B
$112.3B
$63.9B
Purchases of property and equipment
($80.6B)
($35.7B)
($63.6B)
($39.6B)
Purchases of marketable securities
($76.5B)
($31.0B)
($60.8B)
($39.9B)
Maturities and sales of marketable securities
$66.7B
$38.0B
$61.3B
$40.9B
Purchases of non-marketable securities
($22.1B)
($906.0M)
($3.3B)
($2.3B)
Maturities and sales of non-marketable securities
$1.7B
$848.0M
$1.2B
$873.0M
Acquisitions, net of cash acquired, and purchases of intangible assets
($33.7B)
($33.6B)
($1.4B)
($353.0M)
Other investing activities
($1.4B)
($996.0M)
($1.8B)
($363.0M)
Net cash used in investing activities
($145.8B)
($63.4B)
($68.5B)
($40.7B)
Net payments related to stock-based award activities
($12.1B)
($5.5B)
($9.0B)
($5.7B)
Repurchases of stock
$0
$0
($40.2B)
($28.7B)
Dividend payments
($5.2B)
($2.5B)
($7.5B)
($5.0B)
Proceeds from issuance of common stock, net of costs
$30.5B
—
—
—
Proceeds from issuance of mandatory convertible preferred stock, net of costs
$19.1B
—
—
—
Proceeds from issuance of debt, net of costs
$56.2B
$31.4B
$38.0B
$31.4B
Repayments of debt
($5.3B)
($1.5B)
($26.1B)
($18.4B)
Proceeds from sale of interest in consolidated entities, net
$3.8B
$3.2B
$400.0M
$400.0M
Other financing activities
($686.0M)
—
—
—
Net cash provided by (used in) financing activities
$86.3B
$25.1B
($44.4B)
($26.0B)
Effect of exchange rate changes on cash and cash equivalents
($154.0M)
($123.0M)
$244.0M
$444.0M
Net increase (decrease) in cash and cash equivalents
$25.2B
$7.4B
($376.0M)
($2.4B)
Cash and cash equivalents at beginning of period
$30.7B
$30.7B
$23.5B
$23.5B
Cash and cash equivalents at end of period
$55.9B
$38.1B
$23.1B
$21.0B
Property and equipment included in accrued liabilities and accounts payable