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Alphabet Inc. GOOGL Q3 2024 earnings

Reported October 29, 2024 · After market close

Revenue estimate$86.3B
EPS estimate$1.85

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$116.54B
EPS estimate$2.86

Financials

Q3 2024

Income statement

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Revenue$88.3B+15.1%
Gross profit$51.8B+19.2%
Operating income$28.5B+33.6%
Net income$26.3B+33.6%
EPS (diluted)$2.12+36.8%

Balance sheet

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Cash & equivalents$20.0B-35.0%
Total debt$18.4B-0.9%
Total equity$314.12B+15.0%
Total assets$430.27B+8.5%

Cash flow

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Operating cash flow$30.7B+0.1%
CapEx$13.1B+62.1%
Free cash flow$17.6B-22.0%

Valuation & ratios

Valuation

as of 09/30/24
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Market cap$2.06T+23.8%
Enterprise value$2.06T+24.6%
P/E21.8×-3.1×
P/S6.1×+0.5×

Profitability

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Gross margin57.8%+2.0pp
Operating margin30.9%+4.4pp
Net margin27.7%+5.3pp
FCF margin16.4%-9.7pp

Returns & leverage

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Return on equity32.1%+6.8pp
Debt / equity0.1×0.0×
Current ratio1.9×-0.1×

Segments

By product

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Google advertising$65.9B+10.4%
Google Search & other$49.4B+12.2%
Google subscriptions, platforms, and devices$10.7B+27.8%
YouTube ads$8.9B+12.2%
Google Network$7.5B-1.6%

By segment

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Google Services$76.5B+12.5%
Google Cloud$11.4B+35.0%
Other Bets$388.0M+30.6%

By geography

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EMEA$25.5B+12.4%
APAC$14.5B+10.8%
Other Americas$5.1B+11.9%

Versus estimates

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Questions, answered.

When did Alphabet Inc. report Q3 2024 earnings?
Alphabet Inc. (GOOGL) reported Q3 2024 earnings on October 29, 2024 after market close.
What were Alphabet Inc.'s Q3 2024 revenue and EPS?
Alphabet Inc. reported revenue of $88.3B and diluted EPS of $2.12 for Q3 2024.
Did Alphabet Inc. beat estimates in Q3 2024?
Revenue beat the consensus estimate of $86.3B by $2.0B. EPS beat the consensus estimate of $1.85 by $0.27.
Where can I find Alphabet Inc.'s Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001652044-24-000118) directly on SEC EDGAR. The filing index links above go to sec.gov.