Alphabet (GOOGL) FY2023 results: revenue $307.4 billion, up 8.7% on the year
Alphabet Inc. (GOOGL) reported revenue of $307.4 billion for fiscal 2023, the year ended 31 December 2023, up 8.7% on the year before. Net income was $73.8 billion, up 23.0%, and diluted earnings per share $5.80. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2026.
Revenue
$307.4 billion
+8.7% on the year
FY2016FY2023
Operating margin
27.4%
26.5% a year earlier
FY2016FY2023
Net income
$73.8 billion
+23.0% on the year
FY2016FY2023
Diluted EPS
$5.80
+27.2% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
101,746
91,495
91,652
+11.2%
Capital expenditure
32,251
31,485
24,640
+2.4%
Free cash flow
69,495
60,010
67,012
+15.8%
Free cash flow margin
22.6%
21.2%
26.0%
Cash from investing
-27,063
-20,298
-35,523
Cash from financing
-72,093
-69,757
-61,362
Share-based compensation
22,460
19,362
15,376
+16.0%
Buybacks
61,504
59,296
50,274
+3.7%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
12,722m
13,159m
n/a
-3.3%
Shares outstanding at period end
12,460m
12,849m
13,242m
-3.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
283,379
256,144
251,635
+10.6%
Debt
13,000
15,312
15,440
-15.1%
Operating lease liabilities
12,460
12,501
11,389
-0.3%
Finance lease liabilities
1,383
n/a
n/a
Other liabilities
92,170
81,307
80,804
+13.4%
Total liabilities and equity
402,392
365,264
359,268
+10.2%
Fixed assets
134,345
112,668
97,599
+19.2%
Goodwill
29,198
28,960
22,956
+0.8%
Intangible assets
n/a
2,084
1,417
Investments
88,268
92,686
120,104
-4.8%
Cash and equivalents
24,048
21,879
20,945
+9.9%
Receivables
47,964
40,258
39,304
+19.1%
Inventory
n/a
2,670
1,170
Other assets
78,569
64,059
55,773
+22.7%
Total assets
402,392
365,264
359,268
+10.2%
10-K for the year ended 31 December 2023, filed 5 February 2026: the filing.