NASDAQ$GOOG

Alphabet · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced fourth quarter and fiscal year 2021 results, demonstrating strong growth in advertising, Pixel phone sales, and Google Cloud.

Alphabet Inc. reported Q4 2021 revenues of $75.325 billion, a 32% increase year-over-year, driven by strong advertiser spend, consumer online activity, and Google Cloud growth. Diluted EPS was $30.69. The Board of Directors approved a 20-for-one stock split.

  • Q4 revenues reached $75.325 billion, up 32% year-over-year.
  • Google Cloud continues to experience substantial ongoing revenue growth.
  • Quarterly sales record achieved for Pixel phones despite supply constraints.
  • Board of Directors approved a 20-for-one stock split.

Headline financials

Total Revenue

$75.3B

Previous: $56.9B+32.4%
EPS (adj)

$1.53

Previous: $1.12+36.6%
Capital Expenditures

$6.38B

Previous: $5.48B+16.5%
Free Cash Flow

$18.6B

Previous: $17.2B+7.9%
Net Income

$20.6B

Previous: $15.2B+35.6%
Operating Income

$21.9B

Previous: $15.7B+39.8%
Gross Profit

$42.3B

Previous: $30.8B+37.4%
Cash & Equivalents

$20.9B

Previous: $26.5B-20.9%
Total Assets

$359B

Previous: $320B+12.4%
Stock-Based Comp

$3.95B

Previous: $3.22B+22.7%

Revenue & EPS history

Alphabet · Revenue · Quarterly

$75.3B

Q4 2021+32.4%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Alphabet · $110B total across 3 segments · Q1 2026

  • Google Services
    $89.6B
  • Google Cloud
    $20B
  • Other Bets
    $411M

Forward guidance

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+1.2%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.8%

Avg return

30 days after

62%

40 / 65 earnings

Positive

+20.1%

Q2 2015

Best reaction

-8.4%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%+10.6%+8.4%
Q4 2025-4.2%-4.4%-10.5%
Q3 2025-1.6%+5.8%+19.3%
Q2 2025+0.9%+2.6%+7.9%
Q1 2025+1.5%-0.4%+5.0%
Q4 2024-6.9%-9.4%-15.4%
Q3 2024+4.6%-0.3%-0.4%
Q2 2024-4.9%-6.8%-8.8%
Q1 2024+7.8%+4.8%+11.6%
Q4 2023-8.4%-5.3%-9.8%
Q3 2023-8.1%-10.5%+1.5%
Q2 2023+6.4%+9.1%+7.0%
Q1 2023-2.2%+1.3%+16.5%
Q4 2022+3.7%+6.5%-7.3%
Q3 2022-7.9%-6.2%-4.0%
Q2 2022+5.0%+7.8%+8.8%
Q1 2022-6.7%-6.7%-12.1%
Q4 2021+9.1%+5.4%-1.0%
Q3 2021+5.5%+6.8%+5.7%
Q2 2021-2.3%-3.2%+1.8%
Q1 2021+2.3%+3.6%+3.3%
Q4 2020+8.9%+10.3%+7.8%
Q3 2020+6.9%+8.8%+18.2%
Q2 2020-2.6%-3.7%+8.0%
Q1 2020+5.1%+3.5%+11.0%
Q4 2019+0.9%+3.1%-3.3%
Q3 2019-0.2%+0.7%+3.8%
Q2 2019+9.9%+7.7%+1.2%
Q1 2019-6.6%-6.8%-12.2%
Q4 2018+3.2%-1.4%+4.2%
Q3 2018+2.0%-1.4%-2.6%
Q2 2018+5.3%+4.5%+1.9%
Q1 2018-4.9%-4.0%+0.6%
Q4 2017-5.0%-7.6%-7.8%
Q3 2017+4.7%+4.4%+6.9%
Q2 2017-2.3%-3.2%-4.7%
Q1 2017+3.9%+5.1%+11.4%
Q4 2016-1.5%-4.7%-0.8%
Q3 2016-0.5%-1.9%-4.7%
Q2 2016+3.6%+4.0%+3.7%
Q1 2016-4.5%
Q4 2015+2.9%
Q3 2015+9.2%
Q2 2015+20.1%
Q1 2015+4.8%
Q4 2014+4.8%
Q3 2014-3.6%
Q2 2014+2.1%
Q1 2014-0.1%
Q4 2013+6.7%
Q3 2013+1.2%
Q2 2013-2.4%
Q1 2013+2.2%
Q4 2012+5.2%
Q3 2012+1.0%
Q2 2012+0.1%
Q1 2012+0.9%
Q4 2011+3.0%
Q3 2011-6.1%
Q2 2011+4.8%
Q1 2011+1.7%
Q4 2010+0.9%
Q3 2010-0.4%
Q2 2010-3.2%
Q1 2010+0.4%

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