Alphabet Inc. (Nasdaq: GOOGL) the parent company of Google reported earnings after the bell today. The company has become the most valuable publicly traded company in the world. The stock is over $800 for the first time ever in after hours trading.
$8.67 per share, vs expected EPS of $8.10
MOUNTAIN VIEW, Calif. – February 1, 2016 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2015.
“Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years. We’re excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people,” said Ruth Porat, CFO of Alphabet.
Q4 2015 financial highlights
The following summarizes our consolidated financial results for the quarters ended December 31, 2014 and 2015 (in millions, except for per share information; unaudited):
|Three Months Ended
December 31, 2014
|Three Months Ended
December 31, 2015
|Increase in revenues year over year||15||%||18||%|
|Increase in constant currency revenues year over year||18||%||24||%|
|GAAP operating income||$4,399||$5,380|
|GAAP operating margin||24||%||25||%|
|Non-GAAP operating income||$5,600||$6,816|
|Non-GAAP operating margin||31||%||32||%|
|GAAP net income*||$4,675||$4,923|
|Non-GAAP net income||$4,654||$6,043|
|GAAP diluted EPS for Class A and B common stock and Class C capital stock*||$6.79||$7.06|
|Non-GAAP diluted EPS for Class A and B common stock and Class C capital stock||$6.76||$8.67|
|Diluted shares (in thousands)||688,491||697,025|
|*For the three months ended December 31, 2014, GAAP net income and diluted EPS includes net income from discontinued operations.|
Operating income, operating margin, net income, and earnings per share (EPS) are reported on a GAAP and non-GAAP basis. Non-GAAP operating income and non-GAAP operating margin exclude stock-based compensation (SBC) expense from continuing operations. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense from continuing operations, net of the related tax benefits, as well as the impact from net income from discontinued operations. These non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, and non-GAAP constant currency revenues and growth, are described and reconciled to the corresponding GAAP measures at the end of this release.