GOOGL Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-12-31), GOOGL reported revenue of $86.3B, gross profit of $48.7B (56.5% gross margin), operating income of $23.7B, and net income of $20.7B (24.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
GOOGL was profitable; revenue grew 12.5% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +12.5% | +5.1% | −1.7 pp |
Consensus estimate data is not available for this report.
GOOGL Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $86.3B | 100% |
| Cost of Revenue | −$37.6B | 43.5% |
| Gross Profit | $48.7B | 56.5% |
| Research & Development | −$12.1B | 14.0% |
| Selling, General & Administrative | −$12.9B | 15.0% |
| Operating Income | $23.7B | 27.5% |
| Other Income, net | $715M | 0.8% |
| Income Tax Expense | −$3.7B | 4.3% |
| Net Income | $20.7B | 24.0% |
Source: original SEC filing (filed 2024-01-30). Accession 0001652044-24-000014. Data normalized by EarningsFyi.