Alphabet (NASDAQ:GOOGL) Full Year 2024 Results

Key Financial Results

• Revenue: US$350.0b (up 14% from FY 2023).
• Net income: US$100.1b (up 36% from FY 2023).
• Profit margin: 29% (up from 24% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$8.13 (up from US$5.84 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alphabet Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$170.4b (49% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$49.3b (48% of total expenses). Explore how GOOGL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

The company's shares are down 2.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Alphabet's balance sheet health.

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