Alphabet Inc. stock research
FY2024 Q2
Alphabet (GOOGL) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Cost of revenue also rose, but gross margin was unchanged from the prior quarter and improved relative to the year-ago period.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Cost of revenue also rose, but gross margin was unchanged from the prior quarter and improved relative to the year-ago period.
- Gross margin remained stable sequentially, indicating that revenue and cost of revenue grew at a similar pace.
- Compared to the prior quarter, gross margin was unchanged. Versus the same quarter a year ago, gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
58.1%
Gross profit
$49.2B
Revenue
$84.7B
Cost of revenue
$35.5B
Quarter-over-quarter change
-0.0 pts
Year-over-year change
+0.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2023 | $76.7B | $43.5B | $33.2B | 56.7% |
| Dec 31, 2023 | $86.3B | $48.7B | $37.6B | 56.5% |
| Mar 31, 2024 | $80.5B | $46.8B | $33.7B | 58.1% |
| Jun 30, 2024 | $84.7B | $49.2B | $35.5B | 58.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
-0.0 pts
Year-over-year change
Jun 30, 2023
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin remained stable sequentially, indicating that revenue and cost of revenue grew at a similar pace.
Compared to the prior quarter, gross margin was unchanged. Versus the same quarter a year ago, gross margin was higher.
Monitor the trend in traffic acquisition costs and TAC rate as noted in the filing, as fluctuations could affect future margins.