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Alphabet (GOOGL) FY2025 income statement Sankey chart

Source: 10-K · filed 2026-02-05 · SEC EDGAR · GAAP

Alphabet (GOOGL) FY2025 income statement Sankey chart: revenue sources, costs, expenses and profit

Alphabet (GOOGL) FY2025 (year ended 2025-12-31): revenue $402.8B (+15% Y/Y), gross profit $240.3B, operating income $129.0B, net income $132.2B (33% margin). Sankey chart of where the money comes from and goes, from the 10-K filed 2026-02-05.

How to read this chart

Left: where revenue comes from, flowing into total revenue in the middle. Green bands are profit, red bands are costs and expenses. Wider band = bigger amount. "Y/Y" = vs. the same period a year earlier.

  • Out of every 100 dollars of revenue, 33 dollars ended up as net profit.
  • The biggest single cost is Cost of revenue: $162.5B, or 40% of revenue.
  • Gross margin 59.7%, up 1.5 percentage points from a year earlier (58.2%).

Worth noting

  • Gains/losses on investments $24.1B
  • G&A +51% Y/Y

Cash flow

Operating cash flow $164.7B, capex $91.4B, free cash flow (derived = OCF − capex) $73.3B.

Key figures

ItemFY2025Prior yearY/Y% of revenue
Revenue$402.8B$350.0B+15%—
Cost of revenue$162.5B$146.3B+11%40.3%
Gross profit$240.3B$203.7B+18%59.7%
Operating expenses$111.3B$91.3B+22%27.6%
Operating income$129.0B$112.4B+15%32.0%
Net income$132.2B$100.1B+32%32.8%

Source: Alphabet Form 10-K filed Feb 5, 2026 (accession 0001652044-26-000018) via SEC EDGAR · FY25 = fiscal year ended Dec 31, 2025 · GAAP, as reported · Y/Y vs. prior-year period · Note: cost of revenue split from the filing's MD&A table (not XBRL), checked against the XBRL total; · non-operating income split using the filing's note (e.g. gains on equity securities); 'other' = statement line − parts; (±N pp) = change vs the prior-year period in percentage points · Not investment advice / 不构成投资建议 · Created 2026-10-24 · OneChart Earnings · onechartearnings.com