The chart above displays the quarterly net income of Alphabet Inc (the parent company of Google) from 2020 to 2023 in billions. In the first quarter of 2023, the net income of Alphabet Inc declined compared to the same quarter of the prior year. The company generated $15.05 billion in net income in the first quarter of 2023 compared to $16.436 billion in the same quarter of the prior year.
Quarterly Net Income of Alphabet Inc. 2014- 2023
Amounts are in millions.
FY 2023
Net Income (millions)
Q1
$15,051
Alphabet experienced a decline in its net income in the first quarter of 2023 compared to the same quarter of the prior year. Its net income was around $1.4 billion lower in the first quarter of 2023 compared to the same quarter in 2022.
FY 2022
Net Income
Q1
$16,436
Q2
$16,002
Q3
$13,910
Q4
$13,624
Total
$59,972
In fiscal 2022, the net income of Alphabet declined despite an increase in its total net revenue compared to the prior year. The company experienced a decline in net income in all the four quarters of 2022 compared to the respective quarters of the prior year. During the fourth quarter of 2022, the net income of the company was more than $7 billion lower compared to the same quarter of 2021. The total net income of the company was more than $16 billion lower in 2022 compared to 2021.
FY 2021
Net Income ($ millions)
Q1
$17,930
Q2
$18,525
Q3
$18,936
Q4
$20,642
Total
$76,033
Fiscal 2021 remained a historically great year for Alphabet Inc, the parent company of Google, in terms of earnings. Its net earnings grew during each quarter compared to the previous year. The company enjoyed an 89% growth in net income in 2021 compared to the previous year. Its net income remained the higehst during the fourth quarter of 2021, when it reached $ 20.64 billion compared to $15.23 billion in 2020. The total consolidated net income of the company for 2021 was $76 billion compared to $40.3 billion in the last year.
Fy 2020
Net Income ($ mn)
Q1
$6,836
Q2
$6,959
Q3
$11,247
Q4
$15,227
Total
$40,269
2019
net income ($m)
Q1
$6,657
Q2
$9,947
Q3
$7,068
Q4
$10,671
Total
$34,343
FY 2018
Net Income (Millions)
Q1
$ 9,401
Q2
$ 3,195
Q3
$ 9,192
Q4
$ 8,948
Total
$30,736
FY 2017
Net Income (Millions)
Q1
$ 5,426
Q2
$ 3,524
Q3
$ 6,732
Q4
$ (3,020)
FY 2016
Net Income (Milions)
Q1
$ 4,207
Q2
$ 4,877
Q3
$ 5,061
Q4
$ 5,333
FY 2015
Net Income (Millions)
Q1
$ 3,515
Q2
$ 3,931
Q3
$ 3,979
Q4
$ 4,923
FY 2014
Net Income (Millions)
Q1
$ 3,371
Q2
$ 3,351
Q3
$ 2,739
Q4
$ 4,675
About Alphabet:
Alphabet is the parent company of Google. It has its headquarters located at Mountain View California, United States.
Apart from its google search engine and advertising products, Alphabet offers a vast range of products including Cloud services and other services like Chrome Browser and Google Maps.
The CEO of Alphabet is Sundar Pichai. Alphabet’s main source of revenue if digital advertising followed by cloud services. It also owns YouTube and some other businesses that are collectively called Other Bets.
Abhijeet Pratap is a passionate blogger with seven years of experience in the field. Specializing in business management and digital marketing, he has developed a keen understanding of the intricacies of these domains. Through his insightful articles, Abhijeet shares his knowledge, helping readers navigate the complexities of modern business landscapes and digital strategies.