GOOGL Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-31), GOOGL reported revenue of $80.5B, gross profit of $46.8B (58.1% gross margin), operating income of $25.5B, and net income of $23.7B (29.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
GOOGL was profitable; revenue fell 6.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −6.7% | +14.4% | +5.4 pp |
Consensus estimate data is not available for this report.
GOOGL Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $80.5B | 100% |
| Cost of Revenue | −$33.7B | 41.9% |
| Gross Profit | $46.8B | 58.1% |
| Research & Development | −$11.9B | 14.8% |
| Selling, General & Administrative | −$9.5B | 11.7% |
| Operating Income | $25.5B | 31.6% |
| Other Income, net | $2.8B | 3.5% |
| Income Tax Expense | −$4.7B | 5.8% |
| Net Income | $23.7B | 29.4% |
Source: original SEC filing (filed 2024-04-25). Accession 0001652044-24-000047. Data normalized by EarningsFyi.