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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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
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Alphabet Inc., consolidated income statement (quarterly data)
US$ in millions
Based on: 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).
- Revenues
- Revenues displayed a generally upward trend over the entire period, starting at 41,159 million US$ in March 2020 and reaching 96,428 million US$ by June 2025. Periodic fluctuations were observed, such as a noticeable increase from December 2023 to December 2024 and some quarter-to-quarter variability, but overall growth was consistent and significant.
- Cost of Revenues
- The cost of revenues followed a similar ascending pattern, increasing from -18,982 million US$ in March 2020 to -39,039 million US$ in June 2025. Costs rose steadily, reflecting both increased scale and possible inflationary or operational cost factors. The rise in costs was proportional but at a lower pace than revenues, suggesting maintenance or improvement in operational efficiency.
- Gross Profit
- Gross profit increased consistently, beginning at 22,177 million US$ in March 2020 and reaching 57,389 million US$ in June 2025. The growth in gross profit mirrors the revenue increase but at an accelerated rate, indicating effective management of costs relative to revenue.
- Research and Development (R&D) Expenses
- R&D expenditures showed a clear upward trend, with amounts increasing from -6,820 million US$ in March 2020 to -13,808 million US$ in June 2025. This suggests continued investment in innovation and product development, with occasional increments that may reflect strategic priorities or expansion in R&D activities.
- Sales and Marketing Expenses
- Sales and marketing costs increased overall from -4,500 million US$ to -7,101 million US$ in June 2025, though some quarters showed minor declines or level-offs. The general rise points to sustained efforts in market expansion and customer acquisition, in line with growing revenue.
- General and Administrative (G&A) Expenses
- G&A expenses showed variability but exhibited a general increasing trend, expanding from -2,880 million US$ in March 2020 to -5,209 million US$ in June 2025. Occasional sharp increases in certain quarters suggest one-time expenses or reinvestments in administrative capacity correlating with company growth.
- Income from Operations
- Operating income rose significantly over the period, from 7,977 million US$ to 31,271 million US$, reflecting strong operational profitability. While some fluctuations occurred, the overall trend indicates enhanced operational efficiency and successful revenue growth outpacing related costs.
- Other Income (Expense), Net
- Other income (expense) showed volatility with both positive and negative values across quarters. Notable spikes occurred in March 2025 (11,183 million US$), indicating substantial non-operating gains. The variability suggests exposure to financial instruments, investments, or unusual items impacting net income outside core operations.
- Income Before Income Taxes
- Income before taxes increased markedly from 7,757 million US$ in March 2020 up to 41,789 million US$ in March 2025 before slightly declining. This reflects overall profitability improvements consistent with operating income enhancement and fluctuating other income effects.
- Provision for Income Taxes
- Tax provisions generally increased, moving from -921 million US$ to -7,249 million US$, corresponding to higher pre-tax income. However, some fluctuations indicate varying effective tax rates or changes in tax strategy.
- Net Income
- Net income followed a positive trajectory, growing from 6,836 million US$ to 34,540 million US$ and then dipping somewhat towards the end of the period. The growth signifies improved profitability, although the late-period volatility and dip suggest potential challenges or one-time impacts reducing net profit despite high revenues.