TTM
15.2%
YoY change
−2.61pp
Trough year (2003)
14.9%
Peak year (2009)
36.0%
Latest annual
18.2%
FCF Margin history chart for Alphabet (GOOGL) from 2001 to 2025
Latest: 18.2%
FCF Margin change chart for Alphabet (GOOGL) from 2001 to 2025
Latest: −2.61pp
FCF Margin history table for Alphabet (GOOGL) from 2001 to 2025
| 2025 | 18.2% | -2.61pp | ||
| 2024 | 20.8% | -1.82pp | ||
| 2023 | 22.6% | +1.39pp | ||
| 2022 | 21.2% | -4.79pp | ||
| 2021 | 26.0% | +2.54pp | ||
| 2020 | 23.5% | +4.34pp | ||
| 2019 | 19.1% | +2.45pp | ||
| 2018 | 16.7% | -4.88pp | ||
| 2017 | 21.6% | -7.04pp | ||
| 2016 | 28.6% | +7.13pp | ||
| 2015 | 21.5% | +4.18pp | ||
| 2014 | 17.3% | -3.06pp | ||
| 2013 | 20.4% | -8.63pp | ||
| 2012 | 29.0% | -0.37pp | ||
| 2011 | 29.4% | +5.27pp | ||
| 2010 | 24.1% | -11.88pp | ||
| 2009 | 36.0% | +10.76pp | ||
| 2008 | 25.2% | +4.88pp | ||
| 2007 | 20.3% | +4.50pp | ||
| 2006 | 15.8% | -10.59pp | ||
| 2005 | 26.4% | +5.78pp | ||
| 2004 | 20.6% | +5.72pp | ||
| 2003 | 14.9% | -11.95pp | ||
| 2002 | 26.9% | +6.04pp | ||
| 2001 | 20.8% | — |
- 202518.2%-2.61pp
- 202420.8%-1.82pp
- 202322.6%+1.39pp
- 202221.2%-4.79pp
- 202126.0%+2.54pp
- 202023.5%+4.34pp
- 201919.1%+2.45pp
- 201816.7%-4.88pp
- 201721.6%-7.04pp
- 201628.6%+7.13pp
- 201521.5%+4.18pp
- 201417.3%-3.06pp
- 201320.4%-8.63pp
- 201229.0%-0.37pp
- 201129.4%+5.27pp
- 201024.1%-11.88pp
- 200936.0%+10.76pp
- 200825.2%+4.88pp
- 200720.3%+4.50pp
- 200615.8%-10.59pp
- 200526.4%+5.78pp
- 200420.6%+5.72pp
- 200314.9%-11.95pp
- 200226.9%+6.04pp
- 200120.8%—
FCF Margin values are taken from Alphabet's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Alphabet (GOOGL)
According to Alphabet's latest reported financial statements, the company's latest reported free cash flow margin is 15.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual free cash flow margin for Alphabet (GOOGL) came in at 18.18% – contracted 2.6 percentage points year-over-year.
The record annual free cash flow margin stands at 35.97%, reached in 2009; the historical low of 14.91% was recorded in 2003.
Alphabet FCF Margin by Year
Alphabet FCF Margin 2025: 18.2%
Alphabet posted free cash flow margin of 18.18% in 2025, contracted 2.6 percentage points from 2024.
Alphabet FCF Margin 2024: 20.8%
In 2024, Alphabet reported free cash flow margin of 20.79%, contracted 1.8 percentage points from 2023.
Alphabet FCF Margin 2023: 22.6%
Alphabet free cash flow margin in 2023 was 22.61%, expanded 1.4 percentage points from 2022.
Alphabet FCF Margin 2022: 21.2%
2022's free cash flow margin for Alphabet came in at 21.22%, contracted 4.8 percentage points from 2021.
Alphabet FCF Margin 2021: 26.0%
Alphabet free cash flow margin in 2021 was 26.01%.
See more financial history for Alphabet (GOOGL).
Sector peers by FCF Margin
Communication Services peers of Alphabet (GOOGL), ranked by their latest free cash flow margin
| 25.4% | |
| 22.4% | |
| 20.1% | |
| 18.2% | |
| 16.3% | |
| 14.4% | |
| 13.7% | |
| 7.3% |
- 25.4%
- 22.4%
- 20.1%
- 18.2%
- 16.3%
- 14.4%
- 13.7%
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