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Read filing evidence with ChatGPT

Was Alphabet's FY2025 profit growth all operating growth? Compare three filed periods, reproduce the calculation and inspect the accounting explanation.

As of 2026-10-11

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TL;DR

Alphabet's FY2025 profit growth included a large increase in nonoperating income. Net income reached $132.170 billion, while other income rose from $7.425 billion to $29.787 billion. Operating margin was nearly unchanged from FY2024. Compare matching filed periods and reconcile cash flow and capital spending before turning these business results into a valuation argument.

Was Alphabet's FY2025 profit growth all operating growth?

Alphabet reported income across three fiscal years

Scale: 0 to 132.17 B USD · zero baseline

FY2023

  • Operating income+84.29B USD
  • Other income+1.42B USD
  • Net income+73.8B USD

FY2024

  • Operating income+112.39B USD
  • Other income+7.43B USD
  • Net income+100.12B USD

FY2025

  • Operating income+129.04B USD
  • Other income+29.79B USD
  • Net income+132.17B USD

These are exact annual table values. Other income is a pre-tax line; net income includes taxes, so these lines are not additive. Labels are rounded; the full table retains the exact figures.

FY2025 operating income
$129.039B
FY2025 other income
$29.787B
Show the table · 3 rows, 4 columns

Scroll sideways to compare all columns. Select a heading to sort.

Operating income84.293112.390129.039
Other income1.4247.42529.787
Net income73.795100.118132.170

FY2025 net income rose to $132.170B while operating income was $129.039B. Other income increased from $7.425B to $29.787B, so the net-income change needs a nonoperating explanation too.

Other income is a pre-tax nonoperating line. It is not simply net income minus operating income; income taxes and other statement items also matter.

Reproduce this evidence in ChatGPT

Inspect the request

This worked comparison was checked in NexusTrade and against the original statements. It is not an execution receipt from your external client. Use the connected client capability described in the setup guide, or supply the public statements directly when a tool is unavailable.

Compare three full fiscal periods

Scale: 0 to 402.84B USD · zero baseline

Revenue

  • GOOGL · 2023-12-31$307.394B
  • GOOGL · 2024-12-31$350.018B
  • GOOGL · 2025-12-31$402.836B

Scale: 0 to 132.17B USD · zero baseline

Net income

  • GOOGL · 2023-12-31$73.795B
  • GOOGL · 2024-12-31$100.118B
  • GOOGL · 2025-12-31$132.170B

Scale: 0 to 73.27B USD · zero baseline

Source FCF

  • GOOGL · 2023-12-31$69.495B
  • GOOGL · 2024-12-31$72.764B
  • GOOGL · 2025-12-31$73.266B

Operating margin = operating income ÷ revenue. Not returned means missing, never zero. Source FCF definitions require the reconciliation below.

Show the table · 3 rows, 5 columns

Scroll sideways to compare all columns. Select a heading to sort.

GOOGL · 2023-12-31$307.394B$84.293B / 27.42%$73.795B$69.495B
GOOGL · 2024-12-31$350.018B$112.390B / 32.11%$100.118B$72.764B
GOOGL · 2025-12-31$402.836B$129.039B / 32.03%$132.170B$73.266B

Operating margin = operating income ÷ revenue. Not returned means missing, never zero. Source FCF definitions require the reconciliation below.

Read-only NexusTrade sec_edgar fundamentals retrieved October 12, 2026 and checked against the original annual statements. Amounts below are USD billions; the retained raw response uses USD. These are historical fiscal periods, not a live quote or a forecast.

Follow the calculation into the business

  1. Evidence 1

    Revenue: $307.394B → $350.018B → $402.836B. Operating margin: 27.42% → 32.11% → 32.03%.

  2. Evidence 2

    Google Cloud revenue: $33.088B → $43.229B → $58.705B. Share of total revenue: 10.76% → 12.35% → 14.57%.

  3. Evidence 3

    CFO rose from $125.299B to $164.713B while PPE purchases rose from $52.535B to $91.447B. CFO − PPE barely changed: $72.764B → $73.266B.

What this result leaves unanswered

  1. Accounting explanation

    Investment gains and other nonoperating items may not repeat. Read their source note before projecting net income growth.

  2. Business and investment limits

    GOOG and GOOGL are share classes of one issuer. Deduplicate them for business concentration, while retaining the actual security you would follow. Cloud revenue is separately disclosed; AI revenue is not this entire segment by definition.

Check fiscal periods and public availability

Inspect every input period, publication date and source

Select FY rows by periodEnd instead of assuming the array is latest first. Source statements may present comparative years in one filing. Their later publication does not prove those exact restated values were available at the earlier historical date.

Scroll sideways to compare all columns. Select a heading to sort.

GOOGL20232023-12-312024-01-31Annual FY, USD
GOOGL20242024-12-312025-02-05Annual FY, USD
GOOGL20252025-12-312026-02-05Annual FY, USD

Finish with a claim you can audit

Show the table · 3 rows, 3 columns

Scroll sideways to compare all columns. Select a heading to sort.

The reported business improvedSame-period revenue and operating incomeSource definitions and segment mix
Profit turned into cashCFO reconciliation and PPE scopeWorking capital and noncash items
The stock is attractiveNot established by these statementsPrice, valuation assumptions and competing outcomes

GOOGL: FY2025 reported result

Inspect the original googl: fy2025 reported result

NexusTrade sec_edgar read recorded October 10, 2026. The reporting period ended 2025-12-31; the filing date was 2026-02-05.

Revenue
$402.836B402,836,000,000 USD
Operating income
$129.039B129,039,000,000 USD
Operating margin
32.03%Calculated as operating income ÷ revenue.

Interpret the reported figures

Inspect the original interpret the reported figures

Operating margin describes this reported period. Keep annual and quarterly values separate, select the matching period explicitly, and retain the source filing. The fundamentals array includes older observations and is not ordered latest first.

Retrieve filings before interpreting the company

Inspect the original retrieve filings before interpreting the company

Expected output is dated filing rows or annual metric records, rather than a generic stock recommendation. If the source has no matching fiscal period, leave the comparison unresolved and follow the issuer link below.

Start the current company brief with the latest filed annual and quarterly periods returned by the tool. The historical worked example below checks your reconciliation method; it does not replace that current filing review.

Call sec_edgar with each argument object below. The first requests filing rows; the second requests inline annual XBRL metrics. Keep filing dates, accession identifiers and links returned by the tool. Do not use ingest_filings for this read-only check.

{
  "ticker": "GOOGL",
  "action": "list_filings",
  "forms": [
    "10-K",
    "10-Q"
  ],
  "since": "2025-01-01",
  "limit": 10
}

{
  "ticker": "GOOGL",
  "action": "fundamentals",
  "periods": "annual"
}

Worked source check: Alphabet FY2024

Inspect the original worked source check: alphabet fy2024

The Alphabet release published 2025-02-04 reports the fiscal year ended 2024-12-31. The statement values below are USD millions. This is a fixed historical source example, not the newest company report.

Dividing operating cash flow by revenue gives 35.80% for this annual period. That cash conversion ratio measures operating cash flow relative to reported sales. It is not free cash flow, a stock-return forecast or a reason to buy. A later release may restate an earlier value; retain the original source and explain any mismatch.

Scroll sideways to compare all columns. Select a heading to sort.

Net sales / revenue350,0182024-12-31
Operating cash flow125,2992024-12-31

Historical issuer-reported values, not trading performance.

Reconcile the tool values with the actual statement

Inspect the original reconcile the tool values with the actual statement

Check the cash-flow statement period: a nine-month year-to-date value cannot be compared with a twelve-month revenue value. Normalize millions versus dollars before computing a ratio. Do not add a company metric to a price rule unless its historical availability is represented.

Use the returned GOOGL filing rows and annual XBRL metrics. Reconcile FY2024 revenue 350,018 and operating cash flow 125,299, both USD millions, for the year ended 2024-12-31, against this source: https://www.sec.gov/Archives/edgar/data/1652044/000165204425000010/googexhibit991q42024.htm. Build a table with metric, raw value, unit, start/end dates, fiscal period, source publication date and source URL. Separate any quarterly, year-to-date, annual and restated records. Explain mismatches rather than choosing the most favorable number. Return a GOOGL source brief and a separate SPY experiment record that you save after the conversation. Do not create, backtest, deploy or trade a portfolio.

Resolve one remaining question without duplicate research

Inspect the original resolve one remaining question without duplicate research

If the brief needs broader evidence, review a specific research_topic message before submitting it. Preserve researchJobId from the accepted response and poll get_research_status with research_job_id set to that exact returned value. PROCESSING means poll the same job; COMPLETED supplies report/citations; FAILED supplies an error. Another research_topic call starts another billed run.

From a question to evidence

  1. Read filings

    NexusTrade tool

    sec_edgar

    Output to inspect

    Issuer, accession, reporting period and publication date

  2. Read relevant news

    NexusTrade tool

    search_stock_news

    Output to inspect

    Dated publisher links; distinguish news from filings

  3. Submit bounded research

    NexusTrade tool

    research_topic

    Output to inspect

    researchJobId and source-backed question

  4. Poll the accepted job

    NexusTrade tool

    get_research_status

    Output to inspect

    Same research_job_id, completed report and citations

Inspect the original from a question to evidence

Scroll sideways to compare all columns. Select a heading to sort.

Read filingssec_edgarIssuer, accession, reporting period and publication date
Read relevant newssearch_stock_newsDated publisher links; distinguish news from filings
Submit bounded researchresearch_topicresearchJobId and source-backed question
Poll the accepted jobget_research_statusSame research_job_id, completed report and citations

research_topic is asynchronous. Poll get_research_status with the same job ID instead of launching another billed research run for the same question.

Actual NexusTrade filing-tool output

Inspect the exact returned fields and original requests

On October 10, 2026, we called sec_edgar with the two separate request objects below. The product returned a GOOGL 10-K filed 2026-02-05, for the fiscal year ended 2025-12-31, and the FY2025 metric row shown here. We selected that row by fiscal year and period end, rather than assuming the first array entry was latest.

The amounts below are USD, while the linked issuer statement displays them in millions. Revenue and operating income answer different questions from operating cash flow. The compact fundamentals row does not supply operating cash flow; do not relabel freeCashFlow as that metric.

This receipt records a NexusTrade filing read on October 10, 2026. Optional historical exercises retain their own periods and units.

Returned fieldObserved value
TickerGOOGL
PeriodFY2025
Period end2025-12-31
Filed2026-02-05
totalRevenue402,836,000,000 USD
operatingIncome129,039,000,000 USD
JSON
{
  "ticker": "GOOGL",
  "action": "list_filings",
  "forms": [
    "10-K"
  ],
  "limit": 1
}

{
  "ticker": "GOOGL",
  "action": "fundamentals",
  "periods": "annual"
}

Connect ChatGPT in the intended environment

Documented setup flow for this client
Documented setup flow for this client
Connect ChatGPT in the intended environment
Web and local hosts
This is the hosted web path. A local Codex task has its own MCP settings and sign-in; ordinary desktop chats do not inherit that host’s configuration.

On ChatGPT web, open Plugins → Add → Add custom MCP server. Name it NexusTrade, enter https://nexustrade.io/api/mcp and choose OAuth. Review the notice, select I understand and want to continue, then Create as a plugin. Finish NexusTrade sign-in. Open the plugin’s details and choose Try in chat.

What you should see: NexusTrade appears in the composer for this chat. Select or mention the plugin when a later message needs its tools. Available actions depend on your plan and workspace permissions.

Optional: check the account before owned-record changes

Optional: check the account before owned-record changes

Skip this step if you only want to inspect the public filing in the next step. Before reading or changing an owned portfolio, ask for a read-only list, inspect one returned ID with get_portfolio and compare its name, strategies and deployment type. An authenticated empty list is valid for a new account.

What you should see: For owned records, you have the intended account response or an authenticated empty response. Resolve an account mismatch before saving anything. Public filing inspection does not require an owned-portfolio read.

Identity boundary
A server list or public filing read does not verify access to your owned portfolios.
Prompt
Use only NexusTrade read tools. Call fetch_portfolios, then get_portfolio with one returned portfolio ID. Report the ID, name, strategies and deployment type. If the authenticated list is empty, report that result. Do not create, edit, backtest, deploy or place orders.

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