Financials Alphabet Inc. Nasdaq

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GOOG

US02079K1079

Internet Services

Real-time Estimate Cboe BZX Other stock markets 15:20:47 11/02/2026 GMT			5-day change	1st Jan Change
313.37 ^USD	-1.65%		-5.00%	+0.92%

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Projected Income Statement: Alphabet Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	257,637	282,836	307,394	350,018	402,836	468,591	538,647	614,842
Change	-	9.78%	8.68%	13.87%	15.09%	16.32%	14.95%	14.15%
EBITDA ¹	106,531	110,132	118,699	150,486	175,128	217,638	261,364	308,402
Change	-	3.38%	7.78%	26.78%	16.37%	24.27%	20.09%	18%
EBIT ¹	78,714	74,842	84,293	112,390	129,039	158,267	184,209	211,753
Change	-	-4.92%	12.63%	33.33%	14.81%	22.65%	16.39%	14.95%
Interest Paid ¹	-346	-3,514	1,424	7,425	29,787	-3,200	-3,200	-3,200
Earnings before Tax (EBT) ¹	90,734	71,328	85,717	119,815	158,826	165,115	190,968	221,249
Change	-	-21.39%	20.17%	39.78%	32.56%	3.96%	15.66%	15.86%
Net income ¹	76,033	59,972	73,795	100,118	132,170	139,177	159,965	184,484
Change	-	-21.12%	23.05%	35.67%	32.01%	5.3%	14.94%	15.33%
Announcement Date	01/02/22	02/02/23	30/01/24	04/02/25	04/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	55,314	61,880	65,118	75,325	68,011	69,685	69,092	76,048	69,787	74,604	76,693	86,310	80,539	84,742	88,268	96,469	90,234	96,428	102,346	113,828	106,450	113,105	118,952	130,787	123,221	130,676	137,711	151,181
Change	-	11.87%	5.23%	15.67%	-9.71%	2.46%	-0.85%	10.07%	-8.23%	6.9%	2.8%	12.54%	-6.69%	5.22%	4.16%	9.29%	-6.46%	6.86%	6.14%	11.22%	-6.48%	6.25%	5.17%	9.95%	-5.78%	6.05%	5.38%	9.78%
EBITDA ¹	22,935	26,109	28,209	29,278	28,380	28,134	26,157	27,461	25,885	31,009	30,886	32,672	34,149	36,998	38,352	40,987	40,609	42,267	43,207	49,045	49,686	52,849	55,828	61,011	60,336	63,465	67,283	73,626
Change	-	13.84%	8.04%	3.79%	-3.07%	-0.87%	-7.03%	4.99%	-5.74%	19.8%	-0.4%	5.78%	4.52%	8.34%	3.66%	6.87%	-0.92%	4.08%	2.22%	13.51%	1.31%	6.37%	5.64%	9.28%	-1.11%	5.19%	6.02%	9.43%
EBIT ¹	16,437	19,361	21,031	21,885	20,094	19,453	17,135	18,160	17,415	21,838	21,343	23,697	25,472	27,425	28,521	30,972	30,606	31,271	31,228	35,934	35,979	38,072	39,942	44,248	42,977	45,369	47,809	53,001
Change	-	17.79%	8.63%	4.06%	-8.18%	-3.19%	-11.92%	5.98%	-4.1%	25.4%	-2.27%	11.03%	7.49%	7.67%	4%	8.59%	-1.18%	2.17%	-0.14%	15.07%	0.13%	5.82%	4.91%	10.78%	-2.87%	5.56%	5.38%	10.86%
Charge d'intérêts	-76	-76	-77	-	-	-	-902	-1,013	790	65	-146	715	2,843	-	-	-	-	-	12,759	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	21,283	21,985	23,064	24,402	18,934	19,014	16,233	17,147	18,205	21,903	21,197	24,412	28,315	27,551	31,706	32,243	41,789	33,933	43,987	39,117	37,430	39,659	41,303	45,290	43,530	45,983	47,887	52,949
Change	-	3.3%	4.91%	5.8%	-22.41%	0.42%	-14.63%	5.63%	6.17%	20.31%	-3.22%	15.17%	15.99%	-2.7%	15.08%	1.69%	29.61%	-18.8%	29.63%	-11.07%	-4.31%	5.95%	4.15%	9.65%	-3.89%	5.63%	4.14%	10.57%
Net income ¹	17,930	18,525	18,936	20,642	16,436	16,002	13,910	13,624	15,051	18,368	19,689	20,687	23,662	23,619	26,301	26,536	34,540	28,196	34,979	34,455	31,481	33,294	34,729	38,074	36,636	38,695	40,295	44,552
Change	-	3.32%	2.22%	9.01%	-20.38%	-2.64%	-13.07%	-2.06%	10.47%	22.04%	7.19%	5.07%	14.38%	-0.18%	11.36%	0.89%	30.16%	-18.37%	24.06%	-1.5%	-8.63%	5.76%	4.31%	9.63%	-3.78%	5.62%	4.13%	10.57%
Announcement Date	27/04/21	27/07/21	26/10/21	01/02/22	26/04/22	26/07/22	25/10/22	02/02/23	25/04/23	25/07/23	24/10/23	30/01/24	25/04/24	23/07/24	29/10/24	04/02/25	24/04/25	23/07/25	29/10/25	04/02/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Alphabet Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-124,832	-99,061	-97,663	-84,774	-80,296	-59,069	-83,699	-87,402
Change	-	20.64%	1.41%	13.2%	5.28%	26.44%	-41.7%	-4.42%
Announcement Date	01/02/22	02/02/23	30/01/24	04/02/25	04/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Alphabet Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	24,640	31,485	32,251	52,535	91,447	180,973	186,215	190,504
Change	-	27.78%	2.43%	62.89%	74.07%	97.9%	2.9%	2.3%
Free Cash Flow (FCF) ¹	67,012	60,010	69,495	72,764	73,266	23,513	49,464	90,704
Change	-	-10.45%	15.81%	4.7%	0.69%	-67.91%	110.36%	83.37%
Announcement Date	01/02/22	02/02/23	30/01/24	04/02/25	04/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Alphabet Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	41.35%	38.94%	38.61%	42.99%	43.47%	46.45%	48.52%	50.16%
EBIT Margin (%)	30.55%	26.46%	27.42%	32.11%	32.03%	33.78%	34.2%	34.44%
EBT Margin (%)	35.22%	25.22%	27.89%	34.23%	39.43%	35.24%	35.45%	35.98%
Net margin (%)	29.51%	21.2%	24.01%	28.6%	32.81%	29.7%	29.7%	30.01%
FCF margin (%)	26.01%	21.22%	22.61%	20.79%	18.19%	5.02%	9.18%	14.75%
FCF / Net Income (%)	88.14%	100.06%	94.17%	72.68%	55.43%	16.89%	30.92%	49.17%
Profitability
ROA	22.4%	16.55%	19.23%	23.48%	25.28%	20.83%	20.01%	18.53%
ROE	32.07%	23.62%	29.73%	32.91%	35.7%	29%	26.14%	24.03%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	9.56%	11.13%	10.49%	15.01%	22.7%	38.62%	34.57%	30.98%
CAPEX / EBITDA (%)	23.13%	28.59%	27.17%	34.91%	52.22%	83.15%	71.25%	61.77%
CAPEX / FCF (%)	36.77%	52.47%	46.41%	72.2%	124.82%	769.66%	376.47%	210.03%
Items per share
Cash flow per share ¹	6.762	7.121	7.998	10.07	13.47	16.68	20.14	23.6
Change	-	5.3%	12.31%	25.87%	33.79%	23.82%	20.75%	17.19%
Dividend per Share ¹	-	-	-	0.6	-	0.8647	0.8936	0.939
Change	-	-	-	-	-	-	3.34%	5.08%
Book Value Per Share ¹	19	19.93	22.27	26.62	34.35	43.51	55.27	71.37
Change	-	4.91%	11.74%	19.52%	29.04%	26.65%	27.04%	29.12%
EPS ¹	5.61	4.56	5.8	8.04	10.81	11.44	13.28	15.21
Change	-	-18.72%	27.19%	38.62%	34.45%	5.85%	16.05%	14.52%
Nbr of stocks (in thousands)	13,275,280	12,943,000	12,516,000	12,241,000	12,067,000	12,097,000	12,097,000	12,097,000
Announcement Date	01/02/22	02/02/23	30/01/24	04/02/25	04/02/26	-	-	-