Alphabet (GOOG) Operating Margin (2014 - 2026)
Alphabet (GOOG) posted quarterly Operating Margin of 34.03% for Q2 2026, up 160.0% year-over-year from 13.09% in Q2 2025, and down 5.78% quarter-over-quarter from 36.12% in Q1 2026.
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Alphabet (GOOG) Operating Margin (2014 - 2026) Analysis & Trends
Alphabet (GOOG) has reported Operating Margin for 13 consecutive years, with 34.03% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin rose 160.0% year-over-year to 34.03%; the TTM figure through Jun 2026 stood at 33.11% (up 43.0% YoY), while the FY2025 annual figure was 32.03%, down 8.0% from the prior year.
- Operating Margin slipped to 34.03% in Q2 2026 per GOOG's latest filing, from 36.12% in the prior quarter.
- Across five years, Operating Margin topped out at 36.12% in Q1 2026 and bottomed at 23.88% in Q4 2022.
- Historically, Operating Margin has averaged 30.15% across 5 years, with a median of 31.04% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 750 bps — and 2024, when it surged 667 bps.
- Alphabet's Operating Margin stood at 23.88% in 2022, then climbed by 15 bps to 27.46% in 2023, then grew by 17 bps to 32.11% in 2024, then dropped by 2 bps to 31.57% in 2025, then increased by 8 bps to 34.03% in 2026.
- Business Quant data shows GOOG's Operating Margin at 34.03% in Q2 2026, 36.12% in Q1 2026, and 31.57% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 30.88% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 21.88% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -30.21% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 28.79% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 4.70% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -4.68% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 28.77% |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | -10.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.03% |
| Mar 31, 2026 | 36.12% |
| Dec 31, 2025 | 31.57% |
| Sep 30, 2025 | 30.51% |
| Jun 30, 2025 | 32.43% |
| Mar 31, 2025 | 33.92% |
| Dec 31, 2024 | 32.11% |
| Sep 30, 2024 | 32.31% |
| Jun 30, 2024 | 32.36% |
| Mar 31, 2024 | 31.63% |
| Dec 31, 2023 | 27.46% |
| Sep 30, 2023 | 27.83% |
| Jun 30, 2023 | 29.27% |
| Mar 31, 2023 | 24.95% |
| Dec 31, 2022 | 23.88% |
| Sep 30, 2022 | 24.80% |
| Jun 30, 2022 | 27.92% |
| Mar 31, 2022 | 29.55% |
| Dec 31, 2021 | 29.05% |
| Sep 30, 2021 | 32.30% |