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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $119.80B | $109.90B | $113.83B | $102.35B | $96.43B | $90.23B | $96.47B | $88.27B |
| Cost of revenue | $45.94B | $41.27B | $45.77B | $41.37B | $39.04B | $36.36B | $40.61B | $36.47B |
| Gross profit | $73.85B | $68.63B | $68.06B | $60.98B | $57.39B | $53.87B | $55.86B | $51.79B |
| Gross margin | 61.6% | 62.4% | 59.8% | 59.6% | 59.5% | 59.7% | 57.9% | 58.7% |
| Research and development | $18.22B | $17.03B | $18.57B | $15.15B | $13.81B | $13.56B | $13.12B | $12.45B |
| Selling, general and administrative | $14.86B | $11.90B | $13.56B | $14.60B | $12.31B | $9.71B | $11.77B | $10.83B |
| Operating expenses | $33.08B | $28.93B | $32.13B | $29.75B | $26.12B | $23.27B | $24.88B | $23.27B |
| Operating income | $40.77B | $39.70B | $35.93B | $31.23B | $31.27B | $30.61B | $30.97B | $28.52B |
| Operating margin | 34.0% | 36.1% | 31.6% | 30.5% | 32.4% | 33.9% | 32.1% | 32.3% |
| EBITDA | $47.87B | $46.18B | $41.97B | $36.84B | $36.27B | $35.09B | $35.18B | $32.51B |
| Interest income | $1.43B | $0 | $4.34B | — | $1.05B | $0 | $4.48B | — |
| Interest expense | −$1.28B | $0 | −$736.00M | — | −$261.00M | $0 | −$268.00M | — |
| Income before taxes | $138.75B | $77.41B | $39.12B | $43.99B | $33.93B | $41.79B | $32.24B | $31.71B |
| Income taxes | $26.56B | $14.83B | $4.66B | $9.01B | $5.74B | $7.25B | $5.71B | $5.41B |
| Net income | $112.19B | $62.58B | $34.46B | $34.98B | $28.20B | $34.54B | $26.54B | $26.30B |
| Net margin | 93.7% | 56.9% | 30.3% | 34.2% | 29.2% | 38.3% | 27.5% | 29.8% |
| EPS, basic | $9.23 | $5.17 | $2.85 | $2.89 | $2.33 | $2.84 | $2.17 | $2.14 |
| EPS, diluted | $9.11 | $5.11 | $2.82 | $2.87 | $2.31 | $2.81 | $2.15 | $2.12 |
| Diluted shares | 12.31B | 12.24B | 12.23B | 12.20B | 12.20B | 12.29B | 12.35B | 12.42B |
Figures describe Alphabet shares, not any token. As of Jul 23, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.