10-K: FY2024 Annual Report

Alphabet Inc. delivered exceptional financial results for fiscal year 2024, with total revenue climbing 14% to $350.0 billion and net income soaring 36% to $100.1 billion. Google Services remained the primary growth driver, generating $304.9 billion in revenue, while Google Cloud revenue surged 31% to $43.2 billion. Operating margin expanded significantly to 32% from 27% in the prior year.The company demonstrated strong execution across its core businesses while advancing its AI initiatives. Google Search & other revenues grew 13% to $198.1 billion, YouTube ads increased 15% to $36.1 billion, and Google Cloud achieved profitability with $6.1 billion in operating income. The company made significant investments in technical infrastructure and AI capabilities, with capital expenditures reaching $52.5 billion.Looking ahead, Alphabet remains focused on AI innovation and long-term growth opportunities. The company initiated its first-ever dividend program in 2024, returning $7.4 billion to shareholders through dividends while continuing its share repurchase program with $62.0 billion in buybacks. As of December 31, 2024, Alphabet maintained a strong balance sheet with $95.7 billion in cash and marketable securities.

Alphabet Inc. delivered exceptional financial results for fiscal year 2024, with total revenue climbing 14% to $350.0 billion and net income soaring 36% to $100.1 billion. Google Services remained the primary growth driver, generating $304.9 billion in revenue, while Google Cloud revenue surged 31% to $43.2 billion. Operating margin expanded significantly to 32% from 27% in the prior year.The company demonstrated strong execution across its core businesses while advancing its AI initiatives. Google Search & other revenues grew 13% to $198.1 billion, YouTube ads increased 15% to $36.1 billion, and Google Cloud achieved profitability with $6.1 billion in operating income. The company made significant investments in technical infrastructure and AI capabilities, with capital expenditures reaching $52.5 billion.Looking ahead, Alphabet remains focused on AI innovation and long-term growth opportunities. The company initiated its first-ever dividend program in 2024, returning $7.4 billion to shareholders through dividends while continuing its share repurchase program with $62.0 billion in buybacks. As of December 31, 2024, Alphabet maintained a strong balance sheet with $95.7 billion in cash and marketable securities.