GOOGL Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), GOOGL reported revenue of $88.3B, gross profit of $51.8B (58.7% gross margin), operating income of $28.5B, and net income of $26.3B (29.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
GOOGL was profitable; revenue grew 15.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +15.1% | +33.6% | +4.1 pp |
| Quarter over quarter | +4.2% | +11.4% | +1.9 pp |
Consensus estimate data is not available for this report.
GOOGL Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $88.3B | 100% |
| Cost of Revenue | −$36.5B | 41.3% |
| Gross Profit | $51.8B | 58.7% |
| Research & Development | −$12.4B | 14.1% |
| Selling, General & Administrative | −$10.8B | 12.3% |
| Operating Income | $28.5B | 32.3% |
| Interest Expense | −$54M | 0.1% |
| Other Income, net | $3.2B | 3.6% |
| Income Tax Expense | −$5.4B | 6.1% |
| Net Income | $26.3B | 29.8% |
Source: original SEC filing (filed 2024-10-29). Accession 0001652044-24-000115. Data normalized by EarningsFyi.