Alphabet (GOOGL) Stock Price vs Operating Income
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Alphabet's operating income for Q1 2026 (ended March 31, 2026) reached $39.7 billion, up 29.7% from $30.6 billion in Q1 2025. Over the same one-year period, Alphabet's stock price rose 85.95%, from $154.64 on March 31, 2025 to $287.56 on March 31, 2026. The stock's outpacing of operating income growth indicates valuation expansion, with the stock trading at a higher multiple of operating income than a year prior. Across the broader window from June 3, 2024 to June 2, 2026, operating income grew from $27.4 billion to $39.7 billion while the stock price increased from $173.17 to $366.72, showing a 0.82 correlation between the two metrics.
Operating Income was $39.7B as of 2026-03-31, +30% year over year. The stock moved +86% over the same window ($154.64 -> $287.56). The stock is now more richly valued relative to Operating Income than a year ago (multiple expansion).
Latest close: 366.84 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2026-03-31 | 39.7B USD | Q1 10-Q |
| 2025-09-30 | 31.2B USD | Q3 10-Q |
| 2025-06-30 | 31.3B USD | Q2 10-Q |
| 2025-03-31 | 30.6B USD | Q1 10-Q |
| 2024-09-30 | 28.5B USD | Q3 10-Q |
| 2024-06-30 | 27.4B USD | Q2 10-Q |
| 2024-03-31 | 25.5B USD | Q1 10-Q |
| 2023-09-30 | 21.3B USD | Q3 10-Q |
Sources: autario.com/data/stock-googl-alphabet-google-daily-prices · autario.com/data/alphabet-operating-income-sec-filings | data verified and hosted on autario.com.