Alphabet Inc.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2021 | 56.9% | 30.6% | 29.5% |
| FY2022 | 55.4% | 26.5% | 21.2% |
| FY2023 | 56.6% | 27.4% | 24.0% |
| FY2024 | 58.2% | 32.1% | 28.6% |
| FY2025 | 59.7% | 32.0% | 32.8% |
In the short run, the market is a voting machine but in the long run, it is a weighing machine.