Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

$24.99

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Alphabet Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Revenues
Cost of revenues
Gross profit
Research and development
Sales and marketing
General and administrative
Income from operations
Other income (expense), net
Income before income taxes
Provision for income taxes
Net income

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Revenue Trends
Revenues demonstrate an overall increasing trend from March 2020 through September 2025, rising from approximately $41.2 billion to $102.3 billion. Despite some fluctuations, notably a decrease in Q1 2022 and a dip in mid-2023, the general trajectory is upward, with pronounced growth in late 2021 and throughout 2024-2025 periods.
Cost of Revenues
The cost of revenues similarly increases over the period, starting at roughly $18.9 billion in early 2020 and reaching $41.4 billion by late 2025. This cost exhibits a steady rise with periodic accelerations, particularly noticeable from late 2021 onward, reflecting growing expense alongside revenue expansion.
Gross Profit
Gross profit shows a positive trend with growth from about $22.2 billion in early 2020 to over $60.9 billion by late 2025. Although gross profit margins appear generally stable, occasional decreases occur, e.g., early 2022 and in some quarters of 2023, indicating possible pressure on profitability related to revenue and cost variations.
Research and Development Expenses
Research and development (R&D) expenses increase steadily from approximately $6.8 billion in early 2020 to $15.2 billion by late 2025. The upward trend suggests sustained commitment to innovation and product development, with more pronounced spending growth observed after 2022.
Sales and Marketing Expenses
Sales and marketing costs rise from about $4.5 billion in early 2020 to roughly $7.2 billion by late 2025. Despite some quarters of plateau or minor decline, overall spending increases moderately but at a slower pace relative to R&D expenses.
General and Administrative Expenses
General and administrative expenses increase from roughly $2.9 billion in early 2020 to $7.4 billion in late 2025. These costs exhibit higher volatility with occasional spikes, such as in late 2022 and late 2025, suggesting variable overhead or administrative expenditures during these times.
Income from Operations
Income from operations generally increases from about $8.0 billion in early 2020 to approximately $31.2 billion by late 2025. Despite some intermittent declines, the upward movement indicates efficiency gains and increased operational profitability aligned with revenue growth.
Other Income (Expense), Net
Other income (expense), net, presents substantial variability with alternating positive and negative values, ranging from negative $1.2 billion to positive $11.2 billion. This volatility affects income before taxes significantly, with notable spikes in certain quarters such as mid-2025.
Income Before Income Taxes
Income before income taxes follows a rising trend from about $7.8 billion in early 2020 to around $44.0 billion in late 2025. This reflects improvement in both operational earnings and other income components, though fluctuations are evident throughout the timeline.
Provision for Income Taxes
Tax provisions increase from approximately $0.9 billion in the first quarter of 2020 to $9.0 billion by the end of 2025. The tax expense corresponds broadly with pre-tax income growth, albeit with some quarter-to-quarter variation.
Net Income
Net income shows a consistent upward trajectory, growing from about $6.8 billion in early 2020 to nearly $35.0 billion by late 2025. While some quarters demonstrate minor decreases or stagnation, the overall pattern reflects steady and substantial earnings growth over the analyzed periods.