"AI overviews are now available in more than 100 countries. They continue to drive higher satisfaction in Search usage." - Sundar Pichai
— Sundar Pichai
03Detailed Report
GOOGL
Alphabet Inc
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 13, 2026
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Executive Summary
In the fourth quarter of 2024, Alphabet Inc (GOOGL) delivered robust financial performance, achieving a revenue of $96.5 billion, representing a 12% increase year-over-year. Strength in its core segments, particularly Google Services and Cloud, propelled growth. The management highlighted the company's leadership in artificial intelligence (AI) and significant progress in product innovation, which not only improved user experience but also drove revenue growth across various platforms. Notably, advertising revenue grew by 11% year-over-year driven by strong performance in search and YouTube, despite a backdrop of declining network revenue. Management's optimistic narrative about ongoing AI integration promises further growth opportunities.
Key Performance Indicators
Revenue
Increasing
96.47B
QoQ: 9.29% | YoY: 11.77%
Gross Profit
Increasing
55.86B
57.90% margin
QoQ: 7.84% | YoY: 14.61%
Operating Income
Increasing
30.97B
QoQ: 8.59% | YoY: 30.70%
Net Income
Increasing
26.54B
QoQ: 0.89% | YoY: 28.27%
EPS
Increasing
2.17
QoQ: 1.40% | YoY: 30.72%
Revenue Trend
Margin Analysis
Financial Highlights
Summary of Key Financial Metrics:
- Revenue: $96.5 billion, up 12% YoY (11.77% YoY growth) and 9.29% QoQ.
- Gross Profit: $55.9 billion, reflecting a gross profit margin of 57.9%.
- Operating Income: $31 billion, representing a 31% increase YoY (Operating income ratio of 32%).
- Net Income: $26.5 billion, up 28% YoY, with earnings per share (EPS) at $2.15 (31% YoY increase).
- Free Cash Flow: $24.8 billion during Q4, contributing to a full-year free cash flow of $72.8 billion.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
96.47B
11.77%
9.29%
Gross Profit
55.86B
14.61%
7.84%
Operating Income
30.97B
30.70%
8.59%
Net Income
26.54B
28.27%
0.89%
EPS
2.17
30.72%
1.40%
Key Financial Ratios
Gross Profit Margin
Good
57.90%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Excellent
32.10%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
27.50%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Fair
5.89%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
8.16%
Return on equity is acceptable but below top-tier companies
Current Ratio
Healthy
1.84
Current ratio shows adequate liquidity to meet short-term obligations
Debt to Equity
Conservative
0.08
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Fair Value
21.81x
P/E ratio in line with market averages
Price to Book
High Premium
7.12x
Very high premium suggests asset-light business model or lofty expectations
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