Flagship explainer

How Alphabet Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$402.8B · 100%Cost of revenue$162.5B · 40%Gross profit$240.3B · 60%Operating income$129.0B · 32%Income before tax$158.8B · 39%Income tax$26.7B · 7%Net income$132.2B · 33%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$402.8B100%
Cost of revenue$162.5B40%
$240.3B60%
$129.0B32%
Income before tax$158.8B39%
Income tax$26.7B7%
$132.2B33%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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