GOOGL Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), GOOGL reported revenue of $84.7B, gross profit of $49.2B (58.1% gross margin), operating income of $27.4B, and net income of $23.6B (27.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
GOOGL was profitable; revenue grew 5.2% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +5.2% | −0.2% | −1.5 pp |
Consensus estimate data is not available for this report.
GOOGL Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $84.7B | 100% |
| Cost of Revenue | −$35.5B | 41.9% |
| Gross Profit | $49.2B | 58.1% |
| Research & Development | −$11.9B | 14.0% |
| Selling, General & Administrative | −$9.9B | 11.7% |
| Operating Income | $27.4B | 32.4% |
| Interest Expense | −$67M | 0.1% |
| Other Income, net | $126M | 0.1% |
| Income Tax Expense | −$3.9B | 4.6% |
| Net Income | $23.6B | 27.9% |
Source: original SEC filing (filed 2024-07-23). Accession 0001652044-24-000076. Data normalized by EarningsFyi.