Revenue flow

Margins

Stage	GOOGL	% of rev	GOOG	% of rev	Gap · A − B
Revenue	$128B	100.00%	$128B	100.00%	GOOGL ×1.00
Gross profit	$76.2B	59.70%	$76.2B	59.70%	0.0pp
Operating income	$40.6B	31.81%	$40.6B	31.81%	0.0pp
Pre-tax income	$32.4B	25.36%	$32.4B	25.36%	0.0pp
Net income	$26.5B	20.75%	$26.5B	20.75%	0.0pp

Stage	GOOGL	GOOG	Gap · A − B
Revenue	$128B100.00%	$128B100.00%	GOOGL ×1.00
Gross profit	59.70%$76.2B	59.70%$76.2B	0.0pp
Operating income	31.81%$40.6B	31.81%$40.6B	0.0pp
Pre-tax income	25.36%$32.4B	25.36%$32.4B	0.0pp