Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $90.3B | $111B | $137B | $162B | $183B | $258B | $283B | $307B | $350B | $403B |
| Revenue growth | — | 22.8% | 23.4% | 18.3% | 12.8% | 41.2% | 9.8% | 8.7% | 13.9% | 15.1% |
| Operating income | $23.7B | $26.2B | $27.5B | $34.2B | $41.2B | $78.7B | $74.8B | $84.3B | $112B | $129B |
| Operating margin | 26.3% | 23.6% | 20.1% | 21.1% | 22.6% | 30.6% | 26.5% | 27.4% | 32.1% | 32.0% |
| Net income | $19.5B | $12.7B | $30.7B | $34.3B | $40.3B | $76.0B | $60.0B | $73.8B | $100B | $132B |
| Net margin | 21.6% | 11.4% | 22.5% | 21.2% | 22.1% | 29.5% | 21.2% | 24.0% | 28.6% | 32.8% |
| EPS (diluted) | $27.85 | $18.00 | $43.70 | $49.16 | $2.93 | $5.61 | $4.56 | $5.80 | $8.04 | $10.81 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $36.0B | $37.1B | $48.0B | $54.5B | $65.1B | $91.7B | $91.5B | $102B | $125B | $165B |
| Capital expenditures | $10.2B | $13.2B | $25.1B | $23.5B | $22.3B | $24.6B | $31.5B | $32.3B | $52.5B | $91.4B |
| Free cash flow | $25.8B | $23.9B | $22.8B | $31.0B | $42.8B | $67.0B | $60.0B | $69.5B | $72.8B | $73.3B |
| Share buybacks | $3.69B | $4.85B | $9.07B | $18.4B | $31.1B | $50.3B | $59.3B | $61.5B | $62.2B | $45.7B |
| Dividends paid | $0.00 | $0.00 | — | — | — | — | $0.00 | $0.00 | $7.36B | $10.0B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $12.9B | $10.7B | $16.7B | $18.5B | $26.5B | $20.9B | $21.9B | $24.0B | $23.5B | $30.7B |
| Total assets | $167B | $197B | $233B | $276B | $320B | $359B | $365B | $402B | $450B | $595B |
| Total liabilities | $28.5B | $44.8B | $55.2B | $74.5B | $97.1B | $108B | $109B | $119B | $125B | $180B |
| Long-term debt | $3.94B | $3.94B | $3.95B | $3.96B | $15.3B | $15.4B | $15.3B | $11.9B | $10.9B | $46.5B |
| Shareholders' equity | $139B | $153B | $178B | $201B | $223B | $252B | $256B | $283B | $325B | $415B |
| Retained earnings | $105B | $113B | $135B | $152B | $163B | $191B | $196B | $211B | $245B | $324B |
| Shares (wtd avg diluted) | 691M | 695M | 696M | 688M | 675M | 13.2B | 13.2B | 12.7B | 12.4B | 12.2B |
Every figure is extracted from Alphabet Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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