01 · 损益表
10-K 年报仅提供 GAAP 数据 ·
年度指标
| 指标 |
FY2025 |
FY2024 |
Y/Y |
FY2023 |
| 营收 Revenue |
$402,836M |
$350,018M |
+15% |
$307,394M |
| 毛利率 Gross Margin |
59.7% |
58.2% |
+1.5 ppt |
56.6% |
| 研发费用 R&D |
$61,087M |
$49,326M |
+24% |
$45,427M |
| 销售及管理 SG&A |
$50,175M |
$41,996M |
+19% |
$44,342M |
| 折旧摊销 D&A |
$21,136M |
$15,311M |
+38% |
$11,946M |
| 股权激励 SBC |
$24,953M |
$22,785M |
+10% |
$22,460M |
| 营业利润 Operating Income |
$129,039M |
$112,390M |
+15% |
$84,293M |
| 利息费用 Interest Expense |
$736M |
$268M |
+175% |
— |
| 净利润 Net Income |
$132,170M |
$100,118M |
+32% |
$73,795M |
补充指标
| 指标 |
FY2025 |
FY2024 |
Y/Y |
FY2023 |
| 每股收益 EPS |
$10.81 |
$8.04 |
+34% |
$5.80 |
| 稀释股数 Diluted Shares |
12,227M |
12,447M |
-2% |
12,722M |
| 实际税率 Effective Tax Rate |
16.8% |
16.4% |
+0.4 ppt |
13.9% |
product
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| Google Search & other |
$224,532M |
55.7% |
— |
— |
| YouTube ads |
$40,367M |
10.0% |
— |
— |
| Google Network |
$29,792M |
7.4% |
— |
— |
| Google subscriptions, platforms, and devices |
$48,030M |
11.9% |
— |
— |
| Google Cloud |
$58,705M |
14.6% |
— |
— |
| Other Bets |
$1,537M |
0.4% |
— |
— |
Google advertising (Search + YouTube + Network) = $294,691M；Google Services total = $342,721M
geography
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| United States |
$194,229M |
48.2% |
— |
— |
| EMEA |
$117,152M |
29.1% |
— |
— |
| APAC |
$67,680M |
16.8% |
— |
— |
| Other Americas |
$23,902M |
5.9% |
— |
— |
基于客户所在地，不含 hedging gains/losses