Alphabet Inc Class A (GOOGL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 172,227,000 | 155,076,000 | 146,698,000 | 97,795,000 | 89,961,000 |
| Revenue | US$ in thousands | 305,559,000 | 281,279,000 | 257,637,000 | 182,527,000 | 161,857,000 |
| Gross profit margin | 56.36% | 55.13% | 56.94% | 53.58% | 55.58% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $172,227,000K ÷ $305,559,000K
= 56.36%
The gross profit margin of Alphabet Inc has shown fluctuations over the past five years. In 2023, the gross profit margin increased to 56.64% from 55.37% in 2022, indicating an improvement in the company's ability to generate profits from its core operations. This could be attributed to factors such as effective cost management or increased revenue. Comparing the latest figure to 2021, the margin decreased from 56.94% to 56.64%, but still remains at a relatively high level. In 2020, the gross profit margin was 53.58%, indicating a notable improvement compared to that year. However, it was slightly lower than in 2019 when it stood at 55.58%. Overall, the trend suggests that Alphabet Inc has generally maintained a strong gross profit margin, reflecting favorable efficiency in its production and pricing strategies during this period.
Peer comparison
Dec 31, 2023