Alphabet (GOOGL) FCF Margin (2014 - 2026)
Alphabet (GOOGL) recorded FCF Margin of -4.89% in Q2 2026, down 10.38 percentage points from 5.50% a year earlier and down 14.09 percentage points from the prior quarter.
Alphabet (GOOGL) FCF Margin (2014 - 2026) Analysis & Trends
On a TTM basis, Alphabet's FCF Margin came in at 11.95% as of Jun 30, 2026, down 6.02 percentage points year-over-year; for FY2025, it came in at 18.19%, down 2.60 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -5.28 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 20.79% in FY2024 (-1.82 pp), 22.61% in FY2023 (+1.39 pp), 21.22% in FY2022 (-4.79 pp) and 26.01% in FY2021 (+2.54 pp).
- The Q2 2026 figure is the lowest quarterly FCF Margin in data going back to Q4 2014.
- On a year-over-year basis, FCF Margin has declined for three consecutive quarters, with an average year-over-year change of -3.20 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 16.60 percentage points in Q4 2024, against a drop of 13.32 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 9.21% (Q1 2026), 21.57% (Q4 2025) and 23.90% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | -4.89% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 2.87% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 12.14% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 8.50% |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 18.25% |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 19.67% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 49.55% |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | 22.77% |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 17.50% |
| 10 | Airbnb | 95.83 Bn | 49.06 Bn | 2.98 Bn | 35.20% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.89% |
| Mar 31, 2026 | 9.21% |
| Dec 31, 2025 | 21.57% |
| Sep 30, 2025 | 23.90% |
| Jun 30, 2025 | 5.50% |
| Mar 31, 2025 | 21.00% |
| Dec 31, 2024 | 25.75% |
| Sep 30, 2024 | 19.98% |
| Jun 30, 2024 | 15.88% |
| Mar 31, 2024 | 20.90% |
| Dec 31, 2023 | 9.15% |
| Sep 30, 2023 | 29.47% |
| Jun 30, 2023 | 29.19% |
| Mar 31, 2023 | 24.68% |
| Dec 31, 2022 | 21.06% |
| Sep 30, 2022 | 23.27% |
| Jun 30, 2022 | 18.07% |
| Mar 31, 2022 | 22.53% |
| Dec 31, 2021 | 24.63% |
| Sep 30, 2021 | 28.75% |
Alphabet FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=GOOGL&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "GOOGL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=GOOGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();