Profitability snapshot
Google's net margin was 32.8% in FY2025, compared with 28.6% in FY2024. On a trailing-twelve-month basis it was 37.9% as of Q1 FY26. Profitability margins measure the share of revenue a company keeps as profit at each level of the income statement.
Net margin (latest FY)
32.8%
Net margin (TTM)
37.9%
Gross margin (latest FY)
59.7%
Operating margin (latest FY)
32.0%
Google Net margin
Profitability vs. related metrics
Google Profitability — by fiscal year
| Fiscal year | Net margin | Gross margin | Operating margin |
|---|---|---|---|
| FY2025 | 32.8% | 59.7% | 32.0% |
| FY2024 | 28.6% | 58.2% | 32.1% |
| FY2023 | 24.0% | 56.6% | 27.4% |
| FY2022 | 21.2% | 55.4% | 26.5% |
| FY2021 | 29.5% | 56.9% | 30.6% |
| FY2020 | 22.1% | 53.6% | 22.6% |
| FY2019 | 21.2% | 55.6% | 21.1% |
| FY2018 | 22.5% | 56.5% | 20.1% |
| FY2017 | 11.4% | 58.9% | 23.6% |
| FY2016 | 21.6% | 61.1% | 26.3% |
| FY2015 | 21.8% | 62.4% | 25.8% |
| FY2014 | 21.4% | 61.1% | 25.0% |
| FY2013 | 22.9% | 60.4% | 27.7% |
| FY2012 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Net margin | Gross margin | Operating margin |
|---|---|---|---|
| Q1 FY26 | 37.9% | 60.4% | 32.7% |
| Q4 FY25 | 32.8% | 59.7% | 32.0% |
| Q3 FY25 | 32.2% | 59.2% | 32.2% |
| Q2 FY25 | 31.1% | 58.9% | 32.7% |
| Q1 FY25 | 30.9% | 58.6% | 32.7% |
| Q4 FY24 | 28.0% | 59.1% | 31.4% |
| Q3 FY24 | 27.1% | 58.8% | 30.2% |
| Q2 FY24 | 26.1% | 58.3% | 29.1% |
| Q1 FY24 | 25.3% | 58.1% | 28.3% |
| Q4 FY23 | 24.0% | 56.6% | 27.4% |
| Q3 FY23 | 22.5% | 55.9% | 26.5% |
| Q2 FY23 | 21.1% | 55.4% | 25.7% |
Figures normalized from SEC filings. See the full Google ratios & metrics.