Alphabet Inc.

GOOGNASDAQCommunication Services● Active

$365.76

$-3.51(-0.95%)

Market Cap$4.42T

P/E Ratio—

52W High$404.47

52W Low$163.33

Avg Volume19.8M

Open$363.56

Beta1.24

Overview

Alphabet Inc. (GOOG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GOOG · free cash flow · updated Jun 8, 2026

Core FCF metrics

GOOG · FCF · TTM · margin & CAGR

Free cash flow was $73.27B for FY2025 (fiscal year ending 2025-12-31), up 0.7% year-over-year The FCF margin was 18.2%. Five-year CAGR stands at +11.3%.

FY2025 Free Cash Flow$73.27B▲ +0.7% YoY

Trailing 12M (TTM)$64.43Btrailing 4 quarters sum

FCF Margin18.2%$73.27B ÷ revenue

3-Year CAGR+6.9%FY2022 → FY2025

5-Year CAGR+11.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GOOG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$164.71B(91.45B)$73.27B▲ +0.7%18.2%

FY2024$125.30B(52.53B)$72.76B▲ +4.7%20.8%

FY2023$101.75B(32.25B)$69.50B▲ +15.8%22.6%

FY2022$91.50B(31.48B)$60.01B▼ 10.4%21.2%

FY2021$91.65B(24.64B)$67.01B▲ +56.4%26.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GOOG · P/FCF · FCF yield · FCF per share

Alphabet Inc. (GOOG) trades at a FCF yield of 1.45% and a price-to-free-cash-flow ratio of 68.8x. FCF per share stands at $5.32, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.45%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.32

TTM FCF ÷ Shares Outstanding

Price / FCF

x68.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x70.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GOOG · cash flow statement · operating / investing / financing

For FY2025, Alphabet Inc. generated $164.71B in operating cash flow and spent 91.45B in capital expenditures, yielding $73.27B in free cash flow.

Operating Activities

+$164.71B

Cash from core business operations

2025-12-31

Investing Activities

−$120.29B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$37.39B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($164.71B) − |CapEx| (91.45B) = FCF ($73.27B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

GOOG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Alphabet Inc.YOU

GOOG

$73.27B+0.7%18.2%

100%

About Free Cash Flow & Methodology

Alphabet Inc. (GOOG) reported free cash flow of $73.27B for FY2025 (fiscal year ending 2025-12-31), up 0.7% year-over-year. The FCF margin was 18.2%.

Based on available data, Alphabet Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $73.27B in FY2025. The 5-year CAGR stands at +11.3%.

Alphabet Inc.'s FCF yield is 1.45% and price-to-FCF ratio is 68.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GOOG free cash flow · 8 questions

Alphabet Inc. free cash flow was $73.27B for FY2025, up 0.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $64.43B.

GOOG free cash flowGOOG FCFGOOG FCF 2025GOOG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Alphabet Inc. · Alphabet Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026