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Earnings transcript
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GOOGL
Alphabet Inc.
$295.77
-2.93
(-0.98%)
| Exchange: | NASDAQ |
| Market Cap: | 3.601T |
| Shares Outstanding: | 12.116B |
Delayed data
About The Company
| Sector: | Communication ServicesView sector performance | |||||
| Industry: | Internet Content & InformationView industry performance | |||||
| CEO: | Sundar Pichai | |||||
| Full Time Employees: | 204757 | |||||
| Address: |
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| Website: | https://www.abc.xyz |
Alphabet Inc. provides a diverse range of products and digital platforms to consumers across multiple global regions, including North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company’s operations are organized into three primary divisions: Google Services, Google Cloud, and “Other Bets.” The Google Services segment delivers core offerings such as its advertising solutions, the Android operating system, the Chrome browser, and various hardware. It also features popular applications like Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. This division further handles the sale of applications, in-app purchases, and digital content via the Google Play store, alongside marketing devices such as Fitbit wearables, Google Nest smart home products, Pixel smartphones, and other proprietary hardware. It also provides non-advertising services for YouTube. The Google Cloud segment offers a comprehensive suite of infrastructure, platform, and other cloud computing services for businesses. This includes Google Workspace, a collection of cloud-native collaboration tools for enterprises, featuring applications like Gmail, Docs, Drive, Calendar, and Meet, among other specialized services for corporate clients. Lastly, the “Other Bets” segment is engaged in developing and selling health technology and internet services. Established in 1998, Alphabet Inc. maintains its principal executive offices in Mountain View, California.
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Revenue Segmentation
Revenue by type
Revenue by region
GOOGL full analysis
Welcome back to MarketSnap. Let me describe a company to you. Revenue up 25% to a half-trillion-dollar annual run rate. Cloud growing 103%. Operating income up 30%. And then, in one session, the stock falls 12.6% and roughly half a trillion dollars of market value evaporates. That's Alphabet after its Q3 2026 report. Free cash flow turned negative as AI capex stayed elevated, and earnings per share came in at $2.12 against expectations near $2.97. So the question we have…
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Earnings Call
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Key takeaways
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Log in — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 307,394,000 | 350,018,000 | 402,836,000 |
| Gross Profit | 174,062,000 | 203,712,000 | 240,301,000 |
| EBITDA | 97,971,000 | 135,394,000 | 180,698,000 |
| Operating Income | 84,293,000 | 112,390,000 | 129,039,000 |
| Net Income | 73,795,000 | 100,118,000 | 132,170,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 402,392,000 | 450,256,000 | 595,281,000 |
| Total Liabilities | 119,013,000 | 125,172,000 | 180,016,000 |
| Total Stockholders Equity | 283,379,000 | 325,084,000 | 415,265,000 |
| Total Debt | 27,121,000 | 25,461,000 | 59,291,000 |
| Cash and Cash Equivalents | 24,048,000 | 23,466,000 | 30,708,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 101,746,000 | 125,299,000 | 164,713,000 |
| Capital Expenditure | -32,251,000 | -52,535,000 | -91,447,000 |
| Free Cash Flow | 69,495,000 | 72,764,000 | 73,266,000 |
| Net Income | 73,795,000 | 100,118,000 | 132,170,000 |
| Net Change in Cash | 2,169,000 | -582,000 | 7,242,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 919,743,287.934 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 1,106,234,127.933 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,008,267,271.429 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 407,223,222.188 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 495,090,029.208 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 448,932,094.380 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 272,405,271.922 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 346,344,427.528 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 307,502,925.925 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 125,026,668.919 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 150,377,578.043 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 137,060,308.002 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 25.140 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 28.320 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 22.270 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 39 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 33 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Create a free accountSWOT Analysis
Strengths (preview)
- Scale and profitability remain exceptional. FY2025 revenue reached $402.8B (up ~15% YoY from $350.0B in FY2024), with net income of $132.2B and a TTM net margin of 54.8%. Operating cash flow of $164.7B and free cash flow of $73.3B (FY2025) fund heavy reinvestment while sustaining a fortress balance sheet (current ratio 2.72, debt-to-equity 0.18).
- Cloud and AI infrastructure are inflecting. Q3 2026 earnings call reported 25% YoY revenue growth to a $0.5T annual run rate, with Google Cloud revenue up 103% driven by AI infrastructure. FY2025 segment data shows Google Cloud at $58.7B, now a material second growth engine alongside Search ($224.5B) and YouTube ads ($40.4B).
- Valuation appears compressed relative to history and peers. TTM P/E of 15.75 versus an industry average TTM P/E of 42.4; forward P/E estimates decline from ~13.8 (FY2026) to ~10.8 (FY2030) on consensus EPS growth. Price-to-sales of 8.7 is elevated but supported by margin structure.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates GOOGL intrinsic value between $320.72 – $335.94 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about GOOGL valuation
Is Alphabet Inc. (GOOGL) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Alphabet Inc. (GOOGL) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is GOOGL a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether GOOGL trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is GOOGL’s P/E ratio?
You can see GOOGL’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for GOOGL?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is GOOGL a good long-term investment?
Whether GOOGL fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
GOOGL
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-0.98
Trading Metrics:
| Open: | 302.98 | Previous Close: | 298.7 | |
| Day Low: | 293.44 | Day High: | 304.97 | |
| Year Low: | 270.7 | Year High: | 408.61 | |
| Price Avg 50: | 329.12 | Price Avg 200: | 338.69 | |
| Volume: | 30.65M | Average Volume: | 29.409M |
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