Company / Operating Margin
Alphabet Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
32.0%
FY2025
5-year range
26.5% / 32.1%
FY2021-FY2025
Trend
-0.2%
vs FY2024
Sector context
#2 of 62
Communication Services
What the data says
Among 62 Communication Services companies, Alphabet Inc. is in the top 3% for operating margin. Operating Margin has fluctuated over the past 10 years, ranging from 20.1% in FY2018 to 32.1% in FY2024.
Based on SEC 10-K filings.
32.0% in FY2025 with a 5-year CAGR of +9.4%. Ranks 2nd among 62 companies in Communication Services.
Improved from 27.4% to 32.0% over the past 2 years.
Communication Services sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +5.6pp
- 5-Year Change
- +9.4pp
- 10-Year Change
- -
Sector benchmark
+910.7% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 0.2% year-over-year.
- Currently 28.9pp above the Communication Services sector average.
- Peak operating margin was recorded in FY2024.
- Lowest operating margin in the period was in FY2018.
Company context
Key Data Points
- Strong profit margin: 32.2%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 38.2%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 32.0% | -0.2% |
| FY2024 | 32.1% | +17.1% |
| FY2023 | 27.4% | +3.6% |
| FY2022 | 26.5% | -13.4% |
| FY2021 | 30.6% | +35.2% |
| FY2020 | 22.6% | +6.8% |
| FY2019 | 21.1% | +5.1% |
| FY2018 | 20.1% | -14.8% |
| FY2017 | 23.6% | -10.1% |
| FY2016 | 26.3% | +1.7% |
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026