Google: Revenue, by quarter
QuarterRevenue,
in million USD
Q4 202385,503
Q3 202376,395
Q2 202374,316
Q1 202369,415
Q4 202275,153
Q3 202268,245
Q2 202269,117
Q1 202267,293
Q4 202174,941
Q3 202164,874
Q2 202161,695
Q1 202155,225
Q4 202056,704
Q3 202046,017
Q2 202037,998
Q1 202040,975
Q4 201945,812
Q3 201940,225
Q2 201938,674
Q1 201936,032
Q4 201838,998
Q3 201833,594
Q2 201832,512
Q1 201830,996
Q4 201732,192
Q3 201727,470
Q2 201725,913
Q1 201724,618
Q4 201625,802
Q3 201622,254
Q2 201621,315
Q1 201620,092
Q4 201521,179
Q3 201518,534
Q2 201517,653
Q1 201517,178
Q4 201417,997
Q3 201416,523
Q2 201415,955
Q1 201415,420
Q4 201315,707
Q3 201313,754
Q2 201313,107
Q1 201312,951
Q4 201212,905
Q3 201211,526
Q2 201210,964
Q1 201210,645
Q4 201110,584
Q3 20119,720
Q2 20119,026
Q1 20118,575
Q4 20108,440
Q3 20107,286
Q2 20106,820
Q1 20106,775
Q4 20096,674
Q3 20095,945
Q2 20095,523
Q1 20095,509
Q4 20085,701
Q3 20085,541
Q2 20085,637
Q1 20085,186
  • Region: Worldwide
  • Time period: Q1 2008 to Q4 2023
  • Published: Jan 2024

Data Analysis and Insights

Updated: Mar 27, 2024 | Published by: Statistico

Overall Revenue Growth

Google's revenue increased from $5,186 million in Q1 2008 to $85,503 million in Q4 2023, demonstrating a significant growth over 15 years.

Year-over-Year Growth

The year-over-year growth from Q4 2019 to Q4 2023 shows an increase from $45,812 million to $85,503 million, highlighting a nearly 86% increase in revenue over four years.

Quarterly Growth Trends

The highest quarterly revenue was reported in Q4 2023 at $85,503 million, indicating a strong end-of-year financial performance.

Impact of COVID-19 on Revenue

Revenue growth slowed in 2020 due to the COVID-19 pandemic, with a modest increase from $55,509 million in Q1 2020 to $56,704 million in Q4 2020.

Post-Pandemic Recovery

Google demonstrated a robust recovery post-pandemic, with revenue jumping from $56,704 million in Q4 2020 to $85,503 million in Q4 2023.

Revenue Growth Consistency

The company has seen consistent quarterly revenue growth since Q1 2019, with no declines reported from quarter to quarter.

Significant Growth Periods

Between Q4 2020 and Q4 2021, Google's revenue saw a significant increase from $56,704 million to $74,941 million, highlighting a period of rapid growth.

Long-term Growth Trend

Over the last decade, Google has shown a consistent long-term growth trend, with revenue more than quadrupling from $12,905 million in Q4 2012 to $85,503 million in Q4 2023.

Comparison of Pre and Post 2010 Growth

Revenue growth significantly accelerated post-2010, with a more rapid increase from $8,440 million in Q4 2010 to $85,503 million in Q4 2023 compared to earlier years.

Average Quarterly Growth Rate

The average quarterly growth rate from Q1 2010 to Q4 2023 showcases Google's ability to consistently expand its revenue base over time.

Frequently Asked Questions

What has been Google's revenue growth over the course of 15 years?

Google's revenue has significantly grown from $5,186 million in Q1 2008 to $85,503 million in Q4 2023.

What is the year-over-year growth rate from 2019 to 2023?

Google's revenue increased by nearly 86% from $45,812 million in Q4 2019 to $85,503 million in Q4 2023.

What was Google's revenue growth from Q4 2012 to Q4 2023?

Over a decade, Google's revenue more than quadrupled, increasing from $12,905 million in Q4 2012 to $85,503 million in Q4 2023.

Terms and Definitions

Quarterly earnings refer to a company's earnings reported for a fiscal quarter. It encompasses all of a corporation's revenues and costs for that time period, including operating expenses, tax payments, and interest payments, which are then subtracted from revenue to calculate net income. It is a key financial indicator, used by investors and analysts to assess a company's performance and make future predictions.

A quarter refers to one fourth of a fiscal year in the financial world. The term is derived from "quarter", meaning four, since a year is composed of four quarters. These are typically defined as January-March (Q1), April-June (Q2), July-September (Q3), and October-December (Q4). A company's financial performance is often evaluated on a quarterly basis.

Revenue is the total income generated by a company's business activities before any costs or expenses are subtracted. For a company like Google, this could include income from advertising, subscriptions, selling of hardware or other goods, and licensing software amongst other sources.

Net income, also referred to as net profit, is the amount a company earns after subtracting all costs and expenses from the total revenue. These expenses can include operational costs, interest payments, taxes and more. It's often referred to as the "bottom line" and is considered an important measure of a company's profitability.

Operating expenses are costs associated with running a business's core operations on a day-to-day basis. For Google, these would typically involve research and development (R&D) costs, administrative costs, sales and marketing costs.

Tax payments refer to the amounts companies are legally obliged to pay to local, regional or national government bodies, based on their taxable income and other financial factors. The amount and calculation can vary widely, depending on the local tax laws and regulations.

Interest payments are the costs a company incurs as a result of borrowing money, which may include loans, bonds, or lines of credit. The interest is usually stated as a yearly rate but is often paid monthly or quarterly.

Investors are individuals or institutions that allocate capital with the expectation of receiving a financial return. Investors analyze a company's financial reports, including its quarterly earnings report, to make decisions about whether to buy, sell, or hold stocks of that company.

Analysts are financial professionals who study various economic and business indicators, including company financial reports, to advise on investment decisions. They use the information to forecast a company's future earnings potential and provide investment recommendations.
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Alphabet / Google
Alphabet Inc., the parent company of Google, is a multinational conglomerate that is considered one of the world's most influential technology companies, generating revenue primarily through advertising, search engine usage, cloud services, and sales of products like Google Pixel and Google Home. Read more »
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