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Alphabet Inc

abc.xyz

What Do They Do?

Sells advertising across Search, YouTube and other digital properties, alongside consumer products and cloud services for users, advertisers and businesses.

How Do They Make Money?

Advertisers pay when users engage with performance ads or when brand ads are shown or viewed. Cloud customers pay by usage or subscription, while subscribers pay over time and Google earns fees on app sales and in-app purchases and sells devices.

revenue
SegmentShareRevenue
Google Services
85%
FY2022: 90%
Google Cloud
Mix

15%
FY2022: 9.3%
Other Bets
0.4%
FY2022: 0.4%

Who Are Their Customers?

Advertisers purchase ad inventory through Google Ads and other ad platforms; consumers use Google services and buy subscriptions and devices, while enterprise customers use Google Cloud Platform and Workspace.

Do Revenues Turn Into Profits?

Yes. It kept 33 cents of every revenue dollar as net income in FY2025 and turned 18 cents into free cash flow.

Operating income, FY2025
32% of revenue
▲ +15% vs FY2024 ($112.4B, 32%)
Net income, FY2025
33% of revenue
▲ +32% vs FY2024 ($100.1B, 29%)
Free cash flow, FY2025
18% of revenue
▲ +1% vs FY2024 ($72.8B, 21%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +24%
vs $96.4B in Q2 FY2025
Net income
▲ +298%
vs $28.2B in Q2 FY2025
Google Services share of revenue from contract with customers vs 85.5% in Q2 FY2025

Growing. Revenue grew 56% in 4 years, from $257.6B in FY2021 to $402.8B in FY2025, about 12% a year.

AI in Search Search has moved from direct answers through voice, photos, or images toward a multimodal experience with AI Overviews and AI Mode for more natural and nuanced questions.

Other Bets' revenue sources Other Bets' stated revenue sources shift from health technology and internet services to autonomous transportation and internet services, with Waymo providing paid ride-hailing.

Revenue over time
Google Services Google Cloud Other Bets
$500B$250B$0

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