12 months 12 months 12 months

Information
Dec. 31, 2020 Dec. 31, 2021 Dec. 31, 2022
SEGMENT REVENUE
Segmental Net Operating Revenue (GAAP - Reported)
Google Services 168,635 237,529 253,528
Google Cloud 13,059 19,206 26,280
Other Bets 657 753 1,068
Hedging Gains (losses) (Extraordinary?) 176 149 1,960

Total Division 182,527 257,637 282,836

2022 10K,
Source
Page 49 and 60

% Change Organic Revenues (non-GAAP) Y-o-Y

United States 47% 46% 48%
EMEA 30% 31% 29%
APAC 18% 18% 16%
Other Americas 5% 5% 6%
Hedging Gains and Losses 0% 0% 1%
2022 10K, 2024 10K
Source
Page 60 Page 65

INCOME STATEMENT ITEMS

Reported Numbers from Inc. Statement (GAAP)
Revenues 182,527 257,637 282,836
COGS (TAC + Other Cost of Revenue) 84,732 110,939 126,203
GROSS PROFIT 97,795 146,698 156,633
Operating Expenses
R&D 27,573 31,562 39,500
SG&A 17,946 22,912 26,567
General and Admin 11,052 13,510 15,724
OPERATING INCOME 41,224 78,714 74,842
Interest Income 1,865 1,499 2,174
Interest Expense -135 -346 -357
Foreign Currency Exchange Gain/(Loss), Net -344 -240 -654
Gain/(Loss) on Debt Securities, Net 725 -110 -2,064
Gain/(Loss) on Equity Securities, Net 5,592 12,380 -3,455
Performnace Fees -609 -1,908 798
Income/(Loss) and Impairement from Equity Method
Investments, Net 401 334 -337
Other (Loss) -637 411 381
INCOME BEFORE INCOME TAXES 48,082 90,734 71,328
Provision for Income Tax 7,813 14,701 11,356
CONSOL. NET INCOME 40,269 76,033 59,972
Basic Number of Shares 13,616 13,353 13,063
Diluted Number of Shares 14,665 14,462 13,159
2022 10K,
Source 2024 10K , Page
Page 49,73,78

FEW CASHFLOW STATEMENT ITEMS

Total Depreciation & Amortization 12,905 10,273 13,475
Stock Based Compensation Expense 12,991 15,376 19,362
Repurchases of Stock 31,149 50,274 59,296
Equity Dividend - - -

Source 2024,2023,2022 10K, Page 57,56,52 respectiv

BALANCE SHEET ITEMS

Current Assets
Cash and cash equivalents 26,465 20,945 21,879
Marketable securities 110,229 118,704 91,883
Total Cash and Cash Equivalents and Marketable Securities

136,694 139,649 113,762

Accounts Receivable, Net 30,930 39,304 40,258
Other Current Assets 6,672 9,190 10,775
Total Current assets 174,296 188,143 164,795
Non Marketable Securities 20,703 29,549 30,492
Deferred Income Tax Assets 1,084 1,284 5,261
PPE-Net 84,749 97,599 112,668
Operating Lease Assets 12,211 12,959 14,381
Goodwill 21,175 22,956 28,960
Other Non Current Assets 5,398 6,778 8,707
Total Assets 319,616 359,268 365,264

Current Liabilities
Accounts Payable 5,589 6,037 5,128
Accrued Compensation and Benefits 11,086 13,889 14,028
Accrued Expenses and other current liabilities 30,116 32,044 37,866
Accrued Revenue Share 7,500 8,996 8,370
Deferred Revenue 2,543 3,288 3,908
Total Current Liabilities 56,834 64,254 69,300
Long term Debt 13,932 14,817 14,701
Income Tax payable, Non-Current 8,849 9,176 9,258
Operating Lease Liabilities 11,146 11,389 12,501
Other Long Term Liabilities 6,311 7,997 3,360
Total Liabilities 97,072 107,633 109,120
Commitments and Contingencies
Google's Shareholders' Equity
Preferred stock, $0.001 par value per share, 100 shares
authorized; no sharesissued and outstanding - - -
Class A, Class B, and Class C stock and additional paid-in
capital, $0.001 par value per share 58,510 61,774 68,184
Accumulated other comprehensive income (loss) 633 -1,623 -7,603
Retained Earnings 163,401 191,484 195,563
Equity Attributable to Shareholders' of Google 222,544 251,635 256,144

Total Liabilities & Shareholder's Equity 319,616 359,268 365,264

Source 2024,2023,2022,2021 - 10K, Page 53,52,48,50 res

Calculation of Average Interest Rate:

Using Weight Average- Loan Amount Rate of Interest Weights

2014 Notes Issuance 1,000 3.38% 7.7%

2016 Notes Issuance 2000 2.23% 15.4%
2020 Notes Issuance 10000 2.33% 76.9%
13,000 100.0%

Weighted Average Interest Rate 2.40%

Using Credit Risk Spread:

Floating Rate = Benchmark Rate + Credit Spread
Floating Rate = 4.33%+0.60%

Benchmark Rate (10 Year US Treasury Yield) 4.33%

Credit Spread (AA/Aa2) 0.60%
Interest Rate Using Credit Risk Spread Method 4.93%

Maturities of Long-Term Debt

Year 2025 2026 2027
Principal Payments 1,000 2,000 1,000
Source 2024 10K, Page 76

Future Lease Payments

Year 2025 2026 2027
Operating Leases 3,162 2,824 2,311
Finance leases 257 208 208
Source 2024 10K, Page 74
 12 months 12 months
Dec. 31, 2023 Dec. 31, 2024

272,543 304,930
33,088 43,229
1,527 1,648
236 211

307,394 350,018

2024 10K,
Page 54 and 65

Y-o-Y
47% 49%
30% 29%
17% 16%
6% 6%
0% 0%
2024 10K,
Page 65

307,394 350,018
133,332 146,306
174,062 203,712

45,427 49,326
27,917 27,808
16,425 14,188
84,293 112,390
3,865 4,482
-308 -268
-1,238 -409
-1,215 -1,043
392 3,714
257 218

-628 -188
299 919
85,717 119,815
11,922 19,697
73,795 100,118
 12,630 12,319
12,722 12,447
2024 10K , Page 54, 78 , 84

11,946 15,311
22,460 22,785
61,504 62,222
- 7,363

22 10K, Page 57,56,52 respective years

24,048 23,466
86,868 72,191

110,916 95,657
47,964 52,340
12,650 15,714
171,530 163,711
31,008 37,982
12,169 17,180
134,345 171,036
14,091 13,588
29,198 31,885
10,051 14,874
402,392 450,256

7,493 7,987
15,140 15,069
46,168 51,228
8,876 9,802
4,137 5,036
81,814 89,122
11,870 10,883
8,474 8,782
12,460 11,691
4,395 4,694
119,013 125,172
 - -

76,534 84,800
-4,402 -4,800
211,247 245,084
283,379 325,084

402,392 450,256

21 - 10K, Page 53,52,48,50 respective years

Weighted Average

0.26%
Source: 2024 10K, Page
0.34% 75
1.79%
2.40%

2028 2029 Thereafter

- - 8,000
2024 10K, Page 76

2028 2029 Thereafter

1,838 1,448 5,455
197 166 852
2024 10K, Page 74
GOOGLE
(in USD millions) Valuation Date 19-Aug-25
Segment Information 12 months 12 months 12 months 12 months
Dec. 31, 2020 Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2023

Revenue Disaggregated by Type:

Google Search and Other 104,062 148,951 162,450 175,033
Organic Growth % 43% 9% 8%

Youtube Ads 19,772 28,845 29,243 31,510

Organic Growth % 46% 1% 8%

Google Network 23,090 31,701 32,780 31,312

Organic Growth % 37% 3% -4%

Google Advertising 146,924 209,497 224,473 237,855

Organic Growth % 43% 7% 6%

Google Subscriptions, Platforms and Devices 21,711 28,032 29,055 34,688

Organic Growth % 29% 4% 19%

Google Services Total 168,635 237,529 253,528 272,543

Organic Growth % 41% 7% 8%

Google Cloud Total 13,059 19,206 26,280 33,088

Organic Growth % 47% 37% 26%

Other Bets Total 657 753 1,068 1,527

Organic Growth % 15% 42% 43%

Hedging Gains/Losses 176 149 1,960 236

Organic Growth % -15% 1215% -88%

Total revenue 182,527 257,637 282,836 307,394

Revenue Disaggregated by Geography:

United States 85,014 117,854 134,814 146,286

Organic Growth % 39% 14% 9%

EMEA 55,370 79,107 82,062 91,038

Organic Growth % 43% 4% 11%

APAC 32,550 46,123 47,024 51,514

Organic Growth % 42% 2% 10%

Other Americas 9,417 14,404 16,976 18,320

Organic Growth % 53% 18% 8%

Hedging Gains/Losses 176 149 1,960 236

Organic Growth % -15% 1215% -88%

Total revenue excluding Elimitations 182,527 257,637 282,836 307,394

 12 months 12 months 12 months 12 months 12 months 12 months
Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2026 Dec. 31, 2027 Dec. 31, 2028 Dec. 31, 2029

198,084 217,878 239,650 263,597 289,937 318,910

13% 10.0%

36,147 39,020 39,022 39,023 39,024 39,025

15% 7.9%

30,359 29,942 29,531 29,126 28,726 28,332

-3% -1.4%

264,590 286,841 308,202 331,746 357,687 386,266

11% 8.1%

40,340 45,629 51,611 58,377 66,030 74,687

16% 13.1%

304,930 332,469 359,813 390,122 423,717 460,953

12% 8.7%

43,229 56,686 74,331 97,470 127,811 167,597

31% 31.1%

1,648 2,157 2,824 3,697 4,840 6,336

8% 30.9%

211
-11%

350,018 391,312 436,969 491,289 556,368 634,887

170,447 192,842 218,179 246,845 279,278 315,971

17% 13.1%

102,127 111,269 121,229 132,081 143,904 156,785

12% 9.0%

56,815 60,942 65,369 70,117 75,211 80,674

 10% 7.3%

20,418 22,952 25,799 29,001 32,599 36,644

11% 12.4%

211
-11%

350,018 388,004 430,576 478,044 530,991 590,075

GOOGLE
(in USD million except per Share Data)
12 Months
Income Statement
31-Dec-20

Net Operating Revenues - Reported 182,527

Hedging Gains/(Losses) (affecting Comparability) 176
Net Operating Revenues - Normalised/Adjusted 182,351

Cost of Goods and Services Sold - Reported 84,732

Cost of Goods and Services Sold - Normalised/Adjusted 84,732

Gross Profit - Reported 97,795

Gross Profit - Normalised/Adjusted 97,619

Research and Development Expense - Reported 27,573

Depreciation 12,905
Research and Development Expense - Reported (Excluding Depreciation) 14,668
Research and Development Expense - Normalised/Adjusted 14,668

Selling and Marketing Expense - Reported 17,946

Selling and Marketing Expense - Normalised/Adjusted 17,946

General and Administrative Expense - Reported 11,052

General and Administrative Expense - Normalised/Adjusted 11,052

EBITDA - Normalized/Adjusted 53,953

Total Depreciation & Amortization Expense 12,905

Operating Income (EBIT) - Reported 41,224

Operating Income (EBIT) - Normalised/Adjusted 41,048

Interest Income-Reported 1,865

Impact of Special Items -
Interest Income - Normalised/Adjusted 1,865

Interest Expense-Reported -135

Impact of Special Items -
Interest expense - Normalised/Adjusted -135

Foreign Currency Exchange Gain/(Loss), Net Reported -344

Impact of Special Items 344
Foreign Currency Exchange Gain/(Loss), Net Normalised/Adjusted -

Gain/(Loss) on Debt Securities, Net Reported 725

Impact of Special Items -725
Gain/(Loss) on Debt Securities, Net Normalised/Adjusted -
Gain/(Loss) on Equity Securities, Net Reported 5,592
Impact of Special Items -5,592
Gain/(Loss) on Equity Securities, Net Normalised/Adjusted -

Performance Fees Reported -609

Impact of Special Items 609
Performance Fees Normalised/Adjusted -

Income/(Loss) and Impairment from Equity Method Investments, Net Reported 401
Impact of Special Items -
Income/(Loss) and Impairment from Equity Method Investments, Net 401
Normalised/Adjusted

Other income (Loss), Net Reported -637

Impact of Special Items -
Other income (Loss), Net Normalised/Adjusted -637

EBT- Reported 48,082

EBT- Normalised/Adjusted 42,542

Provision for Income Tax Expense-Reported 7,813

Impact of Special Items -
Provision for Income Tax Expense-Normalised/Adjusted 7,813

Net Income-Reported 40,269

Net Income-Normalised 34,729

Net Income attributable to shareholders of Google - Reported 40,269

Net Income to shareholders of Google - Normalized/Adjusted 34,729

Average Number of Shares Outstanding(Basic) 13,616

Average Number of Shares Outstanding (Assuming Dilution) 14,665

Basic EPS (Normalized) 2.55

Diluted EPS (Normalized) 2.37

Equity Dividend -
Dividend Payout Ratio (ie., Dividend / NI attributable to Shareholders-Normalized) 0.00%

Profitability Ratios (Annual Basis)

Sales Growth (%)-Normalised/Adjusted
Gross Profit Margin (%)-Normalised/Adjusted 53.53%
EBITDA Margin (%)-Normalised/Adjusted 29.59%
EBIT Margin (%)-Normalised/Adjusted 22.51%
Net Income Margin (%)-Normalised/Adjusted 19.05%
Net Income attributable to Shareholders Margin (%)-Normalised/Adjusted 19.05%

Items as % of Net Operating Income (Normalized/Adjusted)

Cost of Goods & Services Sold - Normalized/Adjusted 46.47%
Research and Development Exp. - Normalized/Adjusted (Excl. Corp. Dep & Amort) 8.04%
Selling and Marketing Exp. - Normalized/Adjusted 9.84%
General and Admin Exp. - Normalized/Adjusted 6.06%

Interest Expense - Normalised/Adjusted 0.07%

Interest Income - Normalised/Adjusted 1.02%

Income/(Loss) and Impairment from Equity Method Investments -
Normalised/Adjusted 0.22%
Other Interest Income/(Loss) - Nomralised/Adjusted -0.35%

Tax Rate - Normalised (% of EBT - Normalized) 18.37%

Share-based Compensation Expenses 12,991

Share-based Compensation as % of Operating Expenses - Normalized/Adjusted 29.75%
12 Months 12 Months 12 Months 12 Months 12 Months 12 Months
31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 31-12-2025E 31-12-2026E

257,637 282,836 307,394 350,018

149 1,960 236 211
257,488 280,876 307,158 349,807 391,312 436,969

110,939 126,203 133,332 146,306

110,939 126,203 133,332 146,306 171,956 192,018

146,698 156,633 174,062 203,712

146,549 154,673 173,826 203,501 219,357 244,950

31,562 39,500 45,427 49,326

10,273 13,475 11,946 15,311 18,635 20,810
21,289 26,025 33,481 34,015
21,289 26,025 33,481 34,015 36,159 40,377

22,912 26,567 27,917 27,808

22,912 26,567 27,917 27,808 35,403 39,534

13,510 15,724 16,425 14,188

13,510 15,724 16,425 14,188 20,590 22,993

88,838 86,357 96,003 127,490 127,205 142,046

10,273 13,475 11,946 15,311 18,635 20,810

78,714 74,842 84,293 112,390

78,565 72,882 84,057 112,179 108,569 121,236

1,499 2,174 3,865 4,482

- - - -
1,499 2,174 3,865 4,482 3,849 4,298

-346 -357 -308 -268

- - - -
-346 -357 -308 -268 512 438

-240 -654 -1,238 -409

240 654 1,238 409
- - - - 0 0

-110 -2,064 -1,215 -1,043

110 2,064 1,215 1,043
- - - - 0 0
 12,380 -3,455 392 3,714
-12,380 3,455 -392 -3,714
- - - - 0 0

-1,908 798 257 218

1,908 -798 -257 -218
- - - - 0 0

334 -337 -628 -188

- - - -
334 -337 -628 -188 209 233

411 381 299 919

- - - -
411 381 299 919 239 267

90,734 71,328 85,717 119,815

80,463 74,743 87,285 117,124 113,378 126,473

14,701 11,356 11,922 19,697

- - - -
14,701 11,356 11,922 19,697 18,663 20,819

76,033 59,972 73,795 100,118

65,762 63,387 75,363 97,427 94,715 105,654

76,033 59,972 73,795 100,118

65,762 63,387 75,363 97,427 94,715 105,654

13,353 13,063 12,630 12,319 12,319 12,319

14,462 13,159 12,722 12,447 12,447 12,447

4.92 4.85 5.97 7.91 7.69 8.58

4.55 4.82 5.92 7.83 7.61 8.49

- - - 7,363 7,158 7,985

0.00% 0.00% 0.00% 7.56% 7.56%

41.20% 9.08% 9.36% 13.89%

56.91% 55.07% 56.59% 58.18%
34.50% 30.75% 31.26% 36.45%
30.51% 25.95% 27.37% 32.07%
25.54% 22.57% 24.54% 27.85%
25.54% 22.57% 24.54% 27.85%

43.09% 44.93% 43.41% 41.82% 43.94%

8.27% 9.27% 10.90% 9.72% 9.24%
8.90% 9.46% 9.09% 7.95% 9.05%
5.25% 5.60% 5.35% 4.06% 5.26%

0.13% 0.13% 0.10% 0.08% 0.10%

0.58% 0.77% 1.26% 1.28% 0.98%

0.13% -0.12% -0.20% -0.05% 0.05%

0.16% 0.14% 0.10% 0.26% 0.06%

18.27% 15.19% 13.66% 16.82% 16.46%

15,376 19,362 22,460 22,785 26,461 29,548

26.64% 28.34% 28.86% 29.98% 28.71%
 12 Months 12 Months 12 Months
31-12-2027E 31-12-2028E 31-12-2029E

491,289 556,368 634,887

215,889 244,487 278,990

275,401 311,882 355,896

23,397 26,496 30,235

45,397 51,410 58,666

44,449 50,337 57,440

25,851 29,275 33,407

159,704 180,860 206,384

23,397 26,496 30,235

136,308 154,364 176,149

4,833 5,473 6,245

364 339 339

0 0 0

0 0 0
 0 0 0

0 0 0

262 297 338

301 340 389

142,067 160,813 183,460

23,386 26,472 30,199

118,681 134,342 153,261

118,681 134,342 153,261

12,319 12,319 12,319

12,447 12,447 12,447

9.63 10.91 12.44

9.53 10.79 12.31

8,969 10,153 11,583

33,222 37,622 42,932
GOOGLE
(in USD million except per Share Data)
Balance Sheet
31-Dec-20 31-Dec-21 31-Dec-22
ASSETS
Current Assets
Cash and cash equivalents 26,465 20,945 21,879
Marketable securities 110,229 118,704 91,883
Total Cash, Cash equivalents & Marketabe Securities 136,694 139,649 113,762
Accounts Receivable, Net 30,930 39,304 40,258
Other Current Assets 6,672 9,190 10,775
Total Current assets 174,296 188,143 164,795
Non Marketable Securities 20,703 29,549 30,492
Deferred Income Taxes 1,084 1,284 5,261
Property and Equipment, Net 84,749 97,599 112,668
Opearting Lease Assets 12,211 12,959 14,381
Goodwill 21,175 22,956 28,960
Other Non Current Assets 5,398 6,778 8,707
Total Assets 319,616 359,268 365,264

LIABILITIES AND SHAREHOLDER'S EQUITY

Current Liabilities
Accounts Payable 5,589 6,037 5,128
Accrued Compensation and Benefits 11,086 13,889 14,028
Accrued Expenses and Other Current Liabilities 30,116 32,044 37,866
Accrued Revenue Share 7,500 8,996 8,370
Deferred Revenue Share 2,543 3,288 3,908
Total Current Liabilities 56,834 64,254 69,300
Long term Debt 13,932 14,817 14,701
Income Tax payable, Non-Current 8,849 9,176 9,258
Operating Lease Liabilities 11,146 11,389 12,501
Other Long Term Liabilities 6,311 7,997 3,360
Total Liabilities 97,072 107,633 109,120
Commitments and Contingencies
GOOGLE Shareholders' Equity
Preferred stock, $0.001 par value per share, 100 shares 0 0 0
authorized; no sharesissued and outstanding
Class A, Class B, and Class C stock and additional paid-in capital, 58,510 61,774 68,184
$0.001 par value per share
Accumulated other comprehensive income (loss) 633 (1,623) (7,603)
Retained Earnings 163,401 191,484 195,563
Total Shareholders' Equity 222,544 251,635 256,144
Total Liabilities & Shareholders' Equity 319,616 359,268 365,264

Check 0 0 0

Working Capital
Operating Current Assets
Trade accounts receivable 30,930 39,304 40,258
Receivable Days 62 days 56 days 52 days
Other Current Assets 6,672 9,190 10,775
%age of Sales 3.7% 3.6% 3.8%

Operating Current Liabilities

Accounts Payable 5,589 6,037 5,128
Payable Days 24 days 20 days 15 days

Net Working Capital (CA-CL) 32,013 42,457 45,905

Change in NWC (CY-PY) 3,448
31-Dec-23 31-Dec-24 31-Dec-25 31-Dec-26 31-Dec-27 31-Dec-28 31-Dec-29

24,048 23,466 22,994 23,841 23,209 23,005 23,542

86,868 72,191 182,191 279,191 389,191 512,191 649,191
110,916 95,657 205,185 303,032 412,400 535,196 672,733
47,964 52,340 58,581 65,416 73,548 83,290 95,045
12,650 15,714 16,235 18,130 20,383 23,083 26,341
171,530 163,711 280,001 386,577 506,331 641,569 794,119
31,008 37,982 37,982 37,982 37,982 37,982 37,982
12,169 17,180 17,180 17,180 17,180 17,180 17,180
134,345 171,036 168,456 188,111 211,496 239,512 273,313
14,091 13,588 13,588 13,588 13,588 13,588 13,588
29,198 31,885 31,885 31,885 31,885 31,885 31,885
10,051 14,874 14,874 14,874 14,874 14,874 14,874
402,392 450,256 563,966 690,197 833,335 996,590 1,182,941

7,493 7,987 8,679 9,692 10,897 12,340 14,082

15,140 15,069 15,069 15,069 15,069 15,069 15,069
46,168 51,228 51,228 51,228 51,228 51,228 51,228
8,876 9,802 9,802 9,802 9,802 9,802 9,802
4,137 5,036 5,036 5,036 5,036 5,036 5,036
81,814 89,122 89,814 90,827 92,032 93,475 95,217
11,870 10,883 9,883 7,883 6,883 6,883 6,883
8,474 8,782 8,782 8,782 8,782 8,782 8,782
12,460 11,691 11,691 11,691 11,691 11,691 11,691
4,395 4,694 4,694 4,694 4,694 4,694 4,694
119,013 125,172 124,864 123,877 124,082 125,525 127,267

0 0 0 0 0 0 0

76,534 84,800 84,800 84,800 84,800 84,800 84,800

(4,402) (4,800) (4,800) (4,800) (4,800) (4,800) (4,800)

211,247 245,084 359,102 486,320 629,253 791,064 975,674
283,379 325,084 439,102 566,320 709,253 871,064 1,055,674
402,392 450,256 563,966 690,197 833,335 996,590 1,182,941

0 0 0 0 0 0 0

47,964 52,340 58,581 65,416 73,548 83,290 95,045

57 days 55 days 55 days
12,650 15,714 16,235 18,130 20,383 23,083 26,341
4.1% 4.5% 4.15%

7,493 7,987 8,679 9,692 10,897 12,340 14,082

21 days 20 days 18 days

53,121 60,067 66,137 73,853 83,034 94,033 107,304

7,216 6,946 6,070 7,716 9,181 10,999 13,271
GOOGLE
(in USD million except per Share Data)
12 Months 12 Months 12 Months
Cash Flow Statement
31-Dec-25 31-Dec-26 31-Dec-27

Cash From Operating Activities

Net Income 94,715 105,654 118,681
Adjustments:
Add: Depreciation of Property and Equipment 18,635 20,810 23,397
Add: Stock-based compensation expense 26,461 29,548 33,222
Add: Interest Expense 512 438 364
Less: Changes in Net Working Capital -6,070 -7,716 -9,181
Net Cash Flow from Operating Activities 134,254 148,734 166,483

Cash From Investing Activities

Purchase of Property and Equipment -16,056 -40,464 -46,781
Net Cash Used in Investing Activities -16,056 -40,464 -46,781

Cash From Financing Activities

Cash dividends paid -7,158 -7,985 -8,969
Debt Issued - - -
Debt Repaid -1,000 -2,000 -1,000
Interest Expense -512 -438 -364
Net Cash Provided by/(Used for) Financing Activities -8,670 -10,423 -10,333

Net Increase/(Decrease) in Cash and Cash Equivalents 109,528 97,847 109,368

Cash and Cash Equivalents, Beginning of Year 23,466 22,994 23,841
Cash and Cash Equivalents, End of Period 132,994 120,841 133,209
Excess Cash transferred to ST Investments 110,000 97,000 110,000
Closing Cash Balance (after transfer to ST Investments) 22,994 23,841 23,209

Average Cash Balance (Historical) 23,361

12 Months 12 Months
31-Dec-28 31-Dec-29

134,342 153,261

26,496 30,235
37,622 42,932
339 339
-10,999 -13,271
187,800 213,496

-54,512 -64,037
-54,512 -64,037

-10,153 -11,583
- -
- -
-339 -339
-10,492 -11,922

122,796 137,538
23,209 23,005
146,005 160,542
123,000 137,000
23,005 23,542
GOOGLE
(in USD million except per Share Data)
Debt Schedule 12 Months 12 Months 12 Months 12 Months
31-Dec-25 31-Dec-26 31-Dec-27 31-Dec-28
Opening Debt 10,883 9,883 7,883 6,883
Less: Mandatory Debt Repayments 1,000 2,000 1,000 -
Add: debt raised - - - -
Closing Total Debt 9,883 7,883 6,883 6,883
Current portion of long term debt 2,000 1,000 - -
Long term debt + Short Term Debt 7,883 6,883 6,883 6,883

Average Interest Rate 4.93%

Interest Expense 512 438 364 339
12 Months
31-Dec-29
6,883
-
-
6,883
-
6,883

339
GOOGLE
(in USD million except per Share Data)
Property and Equipment 12 Months 12 Months 12 Months
31-Dec-20 31-Dec-21 31-Dec-22

Opening Balance-WDV 84,749 97,599

Add: Net Addition during the Period 23,123 28,544
Total Depreciable Assets During the Year 97,654 107,872 126,143
Less: Depreciation during the year 12,905 10,273 13,475
Closing Balance-WDV 84,749 97,599 112,668

Capex as % of Opening PPE 27.28% 29.25%

PPE Turnover Ratio 1.87 2.39 2.23
Depreciation Rate 13.2% 9.5% 10.7%
12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months
31-Dec-23 31-Dec-24 31-Dec-25 31-Dec-26 31-Dec-27 31-Dec-28 31-Dec-29

112,668 134,345 171,036 168,456 188,111 211,496 239,512

33,623 52,002 16,056 40,464 46,781 54,512 64,037
146,291 186,347 187,092 208,921 234,892 266,007 303,548
11,946 15,311 18,635 20,810 23,397 26,496 30,235
134,345 171,036 168,456 188,111 211,496 239,512 273,313

29.84% 38.71%
2.10 1.88 2.09
8.2% 8.2% 10.0%
BETA CALCULATION
Competitors Beta Market Cap R squared
Google 1.27 1.89 T 34.43%
Apple 0.94 3.27 T 28.49%
Microsoft 1.14 2.82 T 52.99%
Meta 1.50 1.46 T 31.47%
Amazon 1.50 2.04 T 51.14%
Source : investing.com

Google Apple
Date Adj Close % Change Date Adj Close % Change

03/28/2025 154.33 -4.88% 03/28/2025 217.9 -2.66%

03/27/2025 162.24 -1.71% 03/27/2025 223.85 1.05%
03/26/2025 165.06 -3.22% 03/26/2025 221.53 -0.99%
03/25/2025 170.56 1.72% 03/25/2025 223.75 1.37%
03/24/2025 167.68 2.25% 03/24/2025 220.73 1.13%
03/21/2025 163.99 0.73% 03/21/2025 218.27 1.95%
03/20/2025 162.8 -0.67% 03/20/2025 214.1 -0.53%
03/19/2025 163.89 2.00% 03/19/2025 215.24 1.20%
03/18/2025 160.67 -2.20% 03/18/2025 212.69 -0.61%
03/17/2025 164.29 -0.73% 03/17/2025 214 0.24%
03/14/2025 165.49 1.68% 03/14/2025 213.49 1.82%
03/13/2025 162.76 -2.60% 03/13/2025 209.68 -3.36%
12/3/2025 167.11 1.87% 12/3/2025 216.98 -1.75%
11/3/2025 164.04 -1.10% 11/3/2025 220.84 -2.92%
10/3/2025 165.87 -4.60% 10/3/2025 227.48 -4.85%
7/3/2025 173.86 0.88% 7/3/2025 239.07 1.59%
6/3/2025 172.35 -0.39% 6/3/2025 235.33 -0.17%
5/3/2025 173.02 1.23% 5/3/2025 235.74 -0.08%
4/3/2025 170.92 2.34% 4/3/2025 235.93 -0.88%
3/3/2025 167.01 -1.92% 3/3/2025 238.03 -1.58%
02/28/2025 170.28 1.06% 02/28/2025 241.84 1.91%
02/27/2025 168.5 -2.45% 02/27/2025 237.3 -1.27%
02/26/2025 172.73 -1.53% 02/26/2025 240.36 -2.70%
02/25/2025 175.42 -2.14% 02/25/2025 247.04 -0.02%
02/24/2025 179.25 -0.23% 02/24/2025 247.1 0.63%
02/21/2025 179.66 -2.65% 02/21/2025 245.55 -0.11%
02/20/2025 184.56 -0.38% 02/20/2025 245.83 0.39%
02/19/2025 185.27 0.82% 02/19/2025 244.87 0.16%
02/18/2025 183.77 -0.79% 02/18/2025 244.47 -0.05%
02/14/2025 185.23 -0.49% 02/14/2025 244.6 1.27%
02/13/2025 186.14 1.38% 02/13/2025 241.53 1.97%
12/2/2025 183.61 -0.92% 12/2/2025 236.87 1.83%
 11/2/2025 185.32 -0.62% 11/2/2025 232.62 2.18%
10/2/2025 186.47 0.61% 10/2/2025 227.65 0.01%
7/2/2025 185.34 -3.27% 7/2/2025 227.63 -2.40%
6/2/2025 191.6 0.14% 6/2/2025 233.22 0.32%
5/2/2025 191.33 -7.29% 5/2/2025 232.47 -0.14%
4/2/2025 206.38 2.56% 4/2/2025 232.8 2.10%
3/2/2025 201.23 -1.37% 3/2/2025 228.01 -3.39%
01/31/2025 204.02 1.57% 01/31/2025 236 -0.67%
01/30/2025 200.87 2.79% 01/30/2025 237.59 -0.74%
01/29/2025 195.41 0.06% 01/29/2025 239.36 0.46%
01/28/2025 195.3 1.82% 01/28/2025 238.26 3.65%
01/27/2025 191.81 -4.20% 01/27/2025 229.86 3.18%
01/24/2025 200.21 1.13% 01/24/2025 222.78 -0.39%
01/23/2025 197.98 -0.20% 01/23/2025 223.66 -0.08%
01/22/2025 198.37 0.16% 01/22/2025 223.83 0.53%
01/21/2025 198.05 1.05% 01/21/2025 222.64 -3.19%
01/17/2025 196 1.60% 01/17/2025 229.98 0.75%
01/16/2025 192.91 -1.35% 01/16/2025 228.26 -4.04%
01/15/2025 195.55 3.11% 01/15/2025 237.87 1.97%
01/14/2025 189.66 -0.71% 01/14/2025 233.28 -0.48%
01/13/2025 191.01 -0.54% 01/13/2025 234.4 -1.03%
10/1/2025 192.04 -0.98% 10/1/2025 236.85 -2.41%
8/1/2025 193.95 -0.79% 8/1/2025 242.7 0.20%
7/1/2025 195.49 -0.70% 7/1/2025 242.21 -1.14%
6/1/2025 196.87 2.65% 6/1/2025 245 0.67%
3/1/2025 191.79 1.25% 3/1/2025 243.36 -0.20%
2/1/2025 189.43 0.07% 2/1/2025 243.85 -2.62%
12/31/2024 189.3 -1.01% 12/31/2024 250.42 -0.71%
12/30/2024 191.24 -0.79% 12/30/2024 252.2 -1.33%
12/27/2024 192.76 -1.45% 12/27/2024 255.59 -1.32%
12/26/2024 195.6 -0.26% 12/26/2024 259.02 0.32%
12/24/2024 196.11 0.76% 12/24/2024 258.2 1.15%
12/23/2024 194.63 1.68% 12/23/2024 255.27 0.31%
12/20/2024 191.41 1.54% 12/20/2024 254.49 1.88%
12/19/2024 188.51 0.06% 12/19/2024 249.79 0.70%
12/18/2024 188.4 -3.59% 12/18/2024 248.05 -2.14%
12/17/2024 195.42 -0.63% 12/17/2024 253.48 0.97%
12/16/2024 196.66 3.60% 12/16/2024 251.04 1.17%
12/13/2024 189.82 -1.11% 12/13/2024 248.13 0.07%
12/12/2024 191.96 -1.76% 12/12/2024 247.96 0.60%
11/12/2024 195.4 5.52% 11/12/2024 246.49 -0.52%
10/12/2024 185.17 5.59% 10/12/2024 247.77 0.41%
9/12/2024 175.37 0.38% 9/12/2024 246.75 1.61%
6/12/2024 174.71 1.20% 6/12/2024 242.84 -0.08%
5/12/2024 172.64 -0.99% 5/12/2024 243.04 0.01%
4/12/2024 174.37 1.77% 4/12/2024 243.01 0.15%
3/12/2024 171.34 -0.09% 3/12/2024 242.65 1.28%
 2/12/2024 171.49 1.50% 2/12/2024 239.59 0.95%
11/29/2024 168.95 -0.17% 11/29/2024 237.33 1.02%
11/27/2024 169.23 0.07% 11/27/2024 234.93 -0.06%
11/26/2024 169.12 0.88% 11/26/2024 235.06 0.94%
11/25/2024 167.65 1.75% 11/25/2024 232.87 1.31%
11/22/2024 164.76 -1.71% 11/22/2024 229.87 0.59%
11/21/2024 167.63 -4.74% 11/21/2024 228.52 -0.21%
11/20/2024 175.98 -1.20% 11/20/2024 229 0.32%
11/19/2024 178.12 1.61% 11/19/2024 228.28 0.11%
11/18/2024 175.3 1.63% 11/18/2024 228.02 1.34%
11/15/2024 172.49 -1.76% 11/15/2024 225 -1.41%
11/14/2024 175.58 -1.84% 11/14/2024 228.22 1.38%
11/13/2024 178.88 -1.51% 11/13/2024 225.12 0.40%
12/11/2024 181.62 0.70% 12/11/2024 224.23 0.00%
11/11/2024 180.35 1.12% 11/11/2024 224.23 -1.20%
8/11/2024 178.35 -1.33% 8/11/2024 226.96 -0.23%
7/11/2024 180.75 2.40% 7/11/2024 227.48 2.14%
6/11/2024 176.51 3.99% 6/11/2024 222.72 -0.33%
5/11/2024 169.74 0.30% 5/11/2024 223.45 0.65%
4/11/2024 169.24 -1.20% 4/11/2024 222.01 -0.40%
1/11/2024 171.29 0.11% 1/11/2024 222.91 -1.33%
10/31/2024 171.11 -1.92% 10/31/2024 225.91 -1.82%
10/30/2024 174.46 2.82% 10/30/2024 230.1 -1.53%
10/29/2024 169.68 1.78% 10/29/2024 233.67 0.12%
10/28/2024 166.72 0.88% 10/28/2024 233.4 0.86%
10/25/2024 165.27 1.57% 10/25/2024 231.41 0.36%
10/24/2024 162.72 -0.04% 10/24/2024 230.57 -0.08%
10/23/2024 162.78 -1.43% 10/23/2024 230.76 -2.16%
10/22/2024 165.14 0.65% 10/22/2024 235.86 -0.26%
10/21/2024 164.07 0.40% 10/21/2024 236.48 0.63%
10/18/2024 163.42 0.30% 10/18/2024 235 1.23%
10/17/2024 162.93 -1.35% 10/17/2024 232.15 0.16%
10/16/2024 165.16 -0.18% 10/16/2024 231.78 -0.89%
10/15/2024 165.46 0.30% 10/15/2024 233.85 1.10%
10/14/2024 164.96 1.05% 10/14/2024 231.3 1.65%
11/10/2024 163.24 0.72% 11/10/2024 227.55 -0.65%
10/10/2024 162.08 0.14% 10/10/2024 229.04 -0.22%
9/10/2024 161.86 -1.53% 9/10/2024 229.54 1.67%
8/10/2024 164.38 0.86% 8/10/2024 225.77 1.84%
7/10/2024 162.98 -2.44% 7/10/2024 221.69 -2.25%
4/10/2024 167.06 0.72% 4/10/2024 226.8 0.50%
3/10/2024 165.86 0.00% 3/10/2024 225.67 -0.49%
2/10/2024 165.86 -0.68% 2/10/2024 226.78 0.25%
1/10/2024 166.99 0.69% 1/10/2024 226.21 -2.91%
09/30/2024 165.85 1.16% 09/30/2024 233 2.29%
09/27/2024 163.95 0.75% 09/27/2024 227.79 0.12%
09/26/2024 162.73 0.77% 09/26/2024 227.52 0.51%
09/25/2024 161.49 -0.49% 09/25/2024 226.37 -0.44%
09/24/2024 162.29 0.27% 09/24/2024 227.37 0.40%
09/23/2024 161.85 -1.06% 09/23/2024 226.47 -0.76%
09/20/2024 163.59 0.89% 09/20/2024 228.2 -0.29%
09/19/2024 162.14 1.46% 09/19/2024 228.87 3.71%
09/18/2024 159.81 0.31% 09/18/2024 220.69 1.80%
09/17/2024 159.32 0.80% 09/17/2024 216.79 0.22%
09/16/2024 158.06 0.38% 09/16/2024 216.32 -2.78%
09/13/2024 157.46 1.79% 09/13/2024 222.5 -0.12%
12/9/2024 154.69 2.34% 12/9/2024 222.77 0.05%
11/9/2024 151.16 1.68% 11/9/2024 222.66 1.16%
10/9/2024 148.66 -0.03% 10/9/2024 220.11 -0.36%
9/9/2024 148.71 -1.46% 9/9/2024 220.91 0.04%
6/9/2024 150.92 -4.02% 6/9/2024 220.82 -0.70%
5/9/2024 157.24 0.50% 5/9/2024 222.38 0.69%
4/9/2024 156.45 -0.58% 4/9/2024 220.85 -0.86%
3/9/2024 157.36 -3.68% 3/9/2024 222.77 -2.72%
08/30/2024 163.38 0.99% 08/30/2024 229 -0.34%
08/29/2024 161.78 -0.66% 08/29/2024 229.79 1.46%
08/28/2024 162.85 -1.11% 08/28/2024 226.49 -0.68%
08/27/2024 164.68 -0.89% 08/27/2024 228.03 0.37%
08/26/2024 166.16 0.33% 08/26/2024 227.18 0.15%
08/23/2024 165.62 1.11% 08/23/2024 226.84 1.03%
08/22/2024 163.8 -1.24% 08/22/2024 224.53 -0.83%
08/21/2024 165.85 -0.80% 08/21/2024 226.4 -0.05%
08/20/2024 167.18 0.31% 08/20/2024 226.51 0.27%
08/19/2024 166.67 2.28% 08/19/2024 225.89 -0.07%
08/16/2024 162.96 1.03% 08/16/2024 226.05 0.59%
08/15/2024 161.3 0.58% 08/15/2024 224.72 1.35%
08/14/2024 160.37 -2.31% 08/14/2024 221.72 0.20%
08/13/2024 164.16 1.15% 08/13/2024 221.27 1.72%
12/8/2024 162.29 -0.84% 12/8/2024 217.53 0.60%
9/8/2024 163.67 1.01% 9/8/2024 216.24 1.37%
8/8/2024 162.03 1.94% 8/8/2024 213.31 1.66%
7/8/2024 158.94 0.41% 7/8/2024 209.82 1.25%
6/8/2024 158.29 -0.60% 6/8/2024 207.23 -0.97%
5/8/2024 159.25 -4.45% 5/8/2024 209.27 -4.82%
2/8/2024 166.66 -2.40% 2/8/2024 219.86 0.69%
1/8/2024 170.76 -0.45% 1/8/2024 218.36 -1.68%
07/31/2024 171.54 0.73% 07/31/2024 222.08 1.50%
07/30/2024 170.29 0.45% 07/30/2024 218.8 0.26%
07/29/2024 169.53 1.51% 07/29/2024 218.24 0.13%
07/26/2024 167 -0.17% 07/26/2024 217.96 0.22%
07/25/2024 167.28 -3.10% 07/25/2024 217.49 -0.48%
07/24/2024 172.63 -5.04% 07/24/2024 218.54 -2.88%
07/23/2024 181.79 0.07% 07/23/2024 225.01 0.47%
07/22/2024 181.67 2.26% 07/22/2024 223.96 -0.16%
07/19/2024 177.66 -0.02% 07/19/2024 224.31 0.06%
07/18/2024 177.69 -1.84% 07/18/2024 224.18 -2.05%
07/17/2024 181.02 -1.58% 07/17/2024 228.88 -2.53%
07/16/2024 183.92 -1.40% 07/16/2024 234.82 0.18%
07/15/2024 186.53 0.79% 07/15/2024 234.4 1.67%
12/7/2024 185.07 -0.27% 12/7/2024 230.54 1.31%
11/7/2024 185.57 -2.93% 11/7/2024 227.57 -2.32%
10/7/2024 191.18 1.16% 10/7/2024 232.98 1.88%
9/7/2024 188.98 -0.03% 9/7/2024 228.68 0.38%
8/7/2024 189.03 -0.82% 8/7/2024 227.82 0.65%
5/7/2024 190.6 2.57% 5/7/2024 226.34 2.16%
3/7/2024 185.82 0.31% 3/7/2024 221.55 0.58%
2/7/2024 185.24 1.23% 2/7/2024 220.27 1.62%
1/7/2024 182.99 0.46% 1/7/2024 216.75 2.91%
06/28/2024 182.15 -1.76% 06/28/2024 210.62 -1.63%
06/27/2024 185.41 0.83% 06/27/2024 214.1 0.40%
06/26/2024 183.88 -0.08% 06/26/2024 213.25 2.00%
06/25/2024 184.03 2.68% 06/25/2024 209.07 0.45%
06/24/2024 179.22 -0.23% 06/24/2024 208.14 0.31%
06/21/2024 179.63 1.89% 06/21/2024 207.49 -1.04%
06/20/2024 176.3 0.69% 06/20/2024 209.68 -2.15%
06/18/2024 175.09 -1.21% 06/18/2024 214.29 -1.10%
06/17/2024 177.24 0.25% 06/17/2024 216.67 1.97%
06/14/2024 176.79 0.93% 06/14/2024 212.49 -0.82%
06/13/2024 175.16 -1.48% 06/13/2024 214.24 0.55%
12/6/2024 177.79 0.66% 12/6/2024 213.07 2.86%
11/6/2024 176.62 0.92% 11/6/2024 207.15 7.26%
10/6/2024 175.01 0.32% 10/6/2024 193.12 -1.91%
7/6/2024 174.46 -1.28% 7/6/2024 196.89 1.24%
6/6/2024 176.73 0.75% 6/6/2024 194.48 -0.71%
5/6/2024 175.41 0.93% 5/6/2024 195.87 0.78%
4/6/2024 173.79 0.36% 4/6/2024 194.35 0.16%
3/6/2024 173.17 0.39% 3/6/2024 194.03 0.93%
05/31/2024 172.5 0.23% 05/31/2024 192.25 0.50%
05/30/2024 172.11 -2.15% 05/30/2024 191.29 0.53%
05/29/2024 175.9 -0.28% 05/29/2024 190.29 0.16%
05/28/2024 176.4 0.81% 05/28/2024 189.99 0.01%
05/24/2024 174.99 0.83% 05/24/2024 189.98 1.66%
05/23/2024 173.55 -1.60% 05/23/2024 186.88 -2.11%
05/22/2024 176.38 -0.83% 05/22/2024 190.9 -0.75%
05/21/2024 177.85 0.53% 05/21/2024 192.35 0.69%
05/20/2024 176.92 0.49% 05/20/2024 191.04 0.62%
05/17/2024 176.06 1.08% 05/17/2024 189.87 0.02%
05/16/2024 174.18 0.97% 05/16/2024 189.84 0.06%
05/15/2024 172.51 1.27% 05/15/2024 189.72 1.22%
05/14/2024 170.34 0.71% 05/14/2024 187.43 0.62%
05/13/2024 169.14 0.29% 05/13/2024 186.28 1.76%
10/5/2024 168.65 -0.77% 10/5/2024 183.05 -0.82%
9/5/2024 169.96 0.34% 9/5/2024 184.57 1.00%
8/5/2024 169.38 -1.09% 8/5/2024 182.74 0.19%
 7/5/2024 171.25 1.87% 7/5/2024 182.4 0.38%
6/5/2024 168.1 0.51% 6/5/2024 181.71 -0.91%
3/5/2024 167.24 0.37% 3/5/2024 183.38 5.98%
2/5/2024 166.62 1.68% 2/5/2024 173.03 2.20%
1/5/2024 163.86 0.66% 1/5/2024 169.3 -0.60%
04/30/2024 162.78 -2.03% 04/30/2024 170.33 -1.83%
04/29/2024 166.15 -3.37% 04/29/2024 173.5 2.48%
04/26/2024 171.95 10.22% 04/26/2024 169.3 -0.35%
04/25/2024 156 -1.97% 04/25/2024 169.89 0.51%
04/24/2024 159.13 0.55% 04/24/2024 169.02 1.27%
04/23/2024 158.26 1.27% 04/23/2024 166.9 0.64%
04/22/2024 156.28 1.42% 04/22/2024 165.84 0.51%
04/19/2024 154.09 -1.23% 04/19/2024 165 -1.22%
04/18/2024 156.01 0.35% 04/18/2024 167.04 -0.57%
04/17/2024 155.47 0.69% 04/17/2024 168 -0.81%
04/16/2024 154.4 -0.30% 04/16/2024 169.38 -1.92%
04/15/2024 154.86 -1.82% 04/15/2024 172.69 -2.19%
12/4/2024 157.73 -1.05% 12/4/2024 176.55 0.86%
11/4/2024 159.41 2.09% 11/4/2024 175.04 4.33%
10/4/2024 156.14 -0.29% 10/4/2024 167.78 -1.11%
9/4/2024 156.6 1.13% 9/4/2024 169.67 0.72%
8/4/2024 154.85 1.54% 8/4/2024 168.45 -0.67%
5/4/2024 152.5 1.31% 5/4/2024 169.58 0.45%
4/4/2024 150.53 -2.83% 4/4/2024 168.82 -0.49%
3/4/2024 154.92 0.23% 3/4/2024 169.65 0.48%
2/4/2024 154.56 -0.60% 2/4/2024 168.84 -0.70%
1/4/2024 155.49 3.02% 1/4/2024 170.03 -0.85%
03/28/2024 150.93 0.04% 03/28/2024 171.48 -1.06%
03/27/2024 150.87 0.13% 03/27/2024 173.31 2.12%
03/26/2024 150.67 0.40% 03/26/2024 169.71 -0.67%
03/25/2024 150.07 -0.46% 03/25/2024 170.85 -0.83%
03/22/2024 150.77 2.15% 03/22/2024 172.28 0.53%
03/21/2024 147.6 -0.77% 03/21/2024 171.37 -4.09%
03/20/2024 148.74 1.16% 03/20/2024 178.67 1.47%
03/19/2024 147.03 -0.44% 03/19/2024 176.08 1.36%
03/18/2024 147.68 4.60% 03/18/2024 173.72 0.64%
03/15/2024 141.18 -1.34% 03/15/2024 172.62 -0.22%
03/14/2024 143.1 2.37% 03/14/2024 173 1.09%
03/13/2024 139.79 0.93% 03/13/2024 171.13 -1.21%
12/3/2024 138.5 0.60% 12/3/2024 173.23 0.28%
11/3/2024 137.67 1.67% 11/3/2024 172.75 1.18%
8/3/2024 135.41 0.77% 8/3/2024 170.73 1.02%
7/3/2024 134.38 2.27% 7/3/2024 169 -0.07%
6/3/2024 131.4 -0.96% 6/3/2024 169.12 -0.59%
5/3/2024 132.67 -0.51% 5/3/2024 170.12 -2.84%
4/3/2024 133.35 -2.76% 4/3/2024 175.1 -2.54%
1/3/2024 137.14 -0.95% 1/3/2024 179.66 -0.60%
02/29/2024 138.46 1.53% 02/29/2024 180.75 -0.37%
02/28/2024 136.38 -1.80% 02/28/2024 181.42 -0.66%
02/27/2024 138.88 0.95% 02/27/2024 182.63 0.81%
02/26/2024 137.57 -4.44% 02/26/2024 181.16 -0.75%
02/23/2024 143.96 -0.09% 02/23/2024 182.52 -1.00%
02/22/2024 144.09 1.08% 02/22/2024 184.37 1.12%
02/21/2024 142.55 1.01% 02/21/2024 182.32 0.42%
02/20/2024 141.12 0.43% 02/20/2024 181.56 -0.41%
02/16/2024 140.52 -1.58% 02/16/2024 182.31 -0.84%
02/15/2024 142.77 -2.17% 02/15/2024 183.86 -0.16%
02/14/2024 145.94 0.55% 02/14/2024 184.15 -0.48%
02/13/2024 145.14 -1.62% 02/13/2024 185.04 -1.13%
12/2/2024 147.53 -0.99% 12/2/2024 187.15 -0.90%
9/2/2024 149 2.12% 9/2/2024 188.85 0.28%
8/2/2024 145.91 0.25% 8/2/2024 188.32 -0.58%
7/2/2024 145.54 1.00% 7/2/2024 189.41 0.06%
6/2/2024 144.1 0.29% 6/2/2024 189.3 0.86%
5/2/2024 143.68 0.91% 5/2/2024 187.68 0.98%
2/2/2024 142.38 0.86% 2/2/2024 185.85 -0.54%
1/2/2024 141.16 0.76% 1/2/2024 186.86 1.33%
01/31/2024 140.1 -7.50% 01/31/2024 184.4 -1.94%
01/30/2024 151.46 -1.34% 01/30/2024 188.04 -1.92%
01/29/2024 153.51 0.87% 01/29/2024 191.73 -0.36%
01/26/2024 152.18 0.20% 01/26/2024 192.42 -0.90%
01/25/2024 151.87 2.13% 01/25/2024 194.17 -0.17%
01/24/2024 148.7 1.13% 01/24/2024 194.5 -0.35%
01/23/2024 147.04 0.72% 01/23/2024 195.18 0.67%
01/22/2024 145.99 -0.27% 01/22/2024 193.89 1.22%
01/19/2024 146.38 2.02% 01/19/2024 191.56 1.55%
01/18/2024 143.48 1.42% 01/18/2024 188.63 3.26%
01/17/2024 141.47 -0.72% 01/17/2024 182.68 -0.52%
01/16/2024 142.49 -0.11% 01/16/2024 183.63 -1.23%
12/1/2024 142.65 0.40% 12/1/2024 185.92 0.18%
11/1/2024 142.08 -0.14% 11/1/2024 185.59 -0.32%
10/1/2024 142.28 0.94% 10/1/2024 186.19 0.57%
9/1/2024 140.95 1.52% 9/1/2024 185.14 -0.23%
8/1/2024 138.84 2.29% 8/1/2024 185.56 2.42%
5/1/2024 135.73 -0.48% 5/1/2024 181.18 -0.40%
4/1/2024 136.39 -1.82% 4/1/2024 181.91 -1.27%
3/1/2024 138.92 0.54% 3/1/2024 184.25 -0.75%
2/1/2024 138.17 2/1/2024 185.64
 Microsoft Meta Amazon
Date Adj Close % Change Date Adj Close % Change Date

03/28/2025 378.8 -3.02% 03/28/2025 576.74 -4.29% 03/28/2025

03/27/2025 390.58 0.16% 03/27/2025 602.58 -1.37% 03/27/2025
03/26/2025 389.97 -1.31% 03/26/2025 610.98 -2.45% 03/26/2025
03/25/2025 395.16 0.53% 03/25/2025 626.31 1.21% 03/25/2025
03/24/2025 393.08 0.47% 03/24/2025 618.85 3.79% 03/24/2025
03/21/2025 391.26 1.14% 03/21/2025 596.25 1.75% 03/21/2025
03/20/2025 386.84 -0.25% 03/20/2025 586 0.33% 03/20/2025
03/19/2025 387.82 1.12% 03/19/2025 584.06 0.29% 03/19/2025
03/18/2025 383.52 -1.33% 03/18/2025 582.36 -3.73% 03/18/2025
03/17/2025 388.7 0.04% 03/17/2025 604.9 -0.44% 03/17/2025
03/14/2025 388.56 2.58% 03/14/2025 607.6 2.87% 03/14/2025
03/13/2025 378.77 -1.17% 03/13/2025 590.64 -4.67% 03/13/2025
12/3/2025 383.27 0.74% 12/3/2025 619.56 2.29% 12/3/2025
11/3/2025 380.45 0.08% 11/3/2025 605.71 1.29% 11/3/2025
10/3/2025 380.16 -3.34% 10/3/2025 597.99 -4.42% 10/3/2025
7/3/2025 393.31 -0.90% 7/3/2025 625.66 -0.36% 7/3/2025
6/3/2025 396.89 -1.03% 6/3/2025 627.93 -4.35% 6/3/2025
5/3/2025 401.02 3.19% 5/3/2025 656.47 2.57% 5/3/2025
4/3/2025 388.61 0.03% 4/3/2025 640 -2.30% 4/3/2025
3/3/2025 388.49 -2.14% 3/3/2025 655.05 -1.97% 3/3/2025
02/28/2025 396.99 1.14% 02/28/2025 668.2 1.51% 02/28/2025
02/27/2025 392.53 -1.80% 02/27/2025 658.24 -2.29% 02/27/2025
02/26/2025 399.73 0.46% 02/26/2025 673.7 2.46% 02/26/2025
02/25/2025 397.9 -1.51% 02/25/2025 657.5 -1.59% 02/25/2025
02/24/2025 404 -1.03% 02/24/2025 668.13 -2.26% 02/24/2025
02/21/2025 408.21 -1.90% 02/21/2025 683.55 -1.62% 02/21/2025
02/20/2025 416.13 0.33% 02/20/2025 694.84 -1.27% 02/20/2025
02/19/2025 414.77 1.25% 02/19/2025 703.77 -1.76% 02/19/2025
02/18/2025 409.64 0.30% 02/18/2025 716.37 -2.76% 02/18/2025
02/14/2025 408.43 -0.51% 02/14/2025 736.67 1.11% 02/14/2025
02/13/2025 410.54 0.37% 02/13/2025 728.56 0.44% 02/13/2025
12/2/2025 409.04 -0.58% 12/2/2025 725.38 0.78% 12/2/2025
 11/2/2025 411.44 -0.19% 11/2/2025 719.8 0.33% 11/2/2025
10/2/2025 412.22 0.60% 10/2/2025 717.4 0.40% 10/2/2025
7/2/2025 409.75 -1.46% 7/2/2025 714.52 0.36% 7/2/2025
6/2/2025 415.82 0.61% 6/2/2025 711.99 1.01% 6/2/2025
5/2/2025 413.29 0.22% 5/2/2025 704.87 0.10% 5/2/2025
4/2/2025 412.37 0.35% 4/2/2025 704.19 0.96% 4/2/2025
3/2/2025 410.92 -1.00% 3/2/2025 697.46 1.20% 3/2/2025
01/31/2025 415.06 0.02% 01/31/2025 689.18 0.32% 01/31/2025
01/30/2025 414.99 -6.18% 01/30/2025 687 1.55% 01/30/2025
01/29/2025 442.33 -1.09% 01/29/2025 676.49 0.32% 01/29/2025
01/28/2025 447.2 2.91% 01/28/2025 674.33 2.19% 01/28/2025
01/27/2025 434.56 -2.14% 01/27/2025 659.88 1.91% 01/27/2025
01/24/2025 444.06 -0.59% 01/24/2025 647.49 1.73% 01/24/2025
01/23/2025 446.71 0.11% 01/23/2025 636.45 2.08% 01/23/2025
01/22/2025 446.2 4.13% 01/22/2025 623.5 1.14% 01/22/2025
01/21/2025 428.5 -0.12% 01/21/2025 616.46 0.60% 01/21/2025
01/17/2025 429.03 1.05% 01/17/2025 612.77 0.24% 01/17/2025
01/16/2025 424.58 -0.41% 01/16/2025 611.3 -0.94% 01/16/2025
01/15/2025 426.31 2.56% 01/15/2025 617.12 3.85% 01/15/2025
01/14/2025 415.67 -0.36% 01/14/2025 594.25 -2.31% 01/14/2025
01/13/2025 417.19 -0.42% 01/13/2025 608.33 -1.22% 01/13/2025
10/1/2025 418.95 -1.32% 10/1/2025 615.86 0.84% 10/1/2025
8/1/2025 424.56 0.52% 8/1/2025 610.72 -1.16% 8/1/2025
7/1/2025 422.37 -1.28% 7/1/2025 617.89 -1.95% 7/1/2025
6/1/2025 427.85 1.06% 6/1/2025 630.2 4.23% 6/1/2025
3/1/2025 423.35 1.14% 3/1/2025 604.63 0.90% 3/1/2025
2/1/2025 418.58 -0.69% 2/1/2025 599.24 2.34% 2/1/2025
12/31/2024 421.5 -0.78% 12/31/2024 585.51 -0.97% 12/31/2024
12/30/2024 424.83 -1.32% 12/30/2024 591.24 -1.43% 12/30/2024
12/27/2024 430.53 -1.73% 12/27/2024 599.81 -0.59% 12/27/2024
12/26/2024 438.11 -0.28% 12/26/2024 603.35 -0.72% 12/26/2024
12/24/2024 439.33 0.94% 12/24/2024 607.75 1.32% 12/24/2024
12/23/2024 435.25 -0.31% 12/23/2024 599.85 2.49% 12/23/2024
12/20/2024 436.6 -0.10% 12/20/2024 585.25 -1.73% 12/20/2024
12/19/2024 437.03 -0.08% 12/19/2024 595.57 -0.27% 12/19/2024
12/18/2024 437.39 -3.76% 12/18/2024 597.19 -3.59% 12/18/2024
12/17/2024 454.46 0.64% 12/17/2024 619.44 -0.77% 12/17/2024
12/16/2024 451.59 0.97% 12/16/2024 624.24 0.63% 12/16/2024
12/13/2024 447.27 -0.51% 12/13/2024 620.35 -1.66% 12/13/2024
12/12/2024 449.56 0.13% 12/12/2024 630.79 -0.30% 12/12/2024
11/12/2024 448.99 1.28% 11/12/2024 632.68 2.16% 11/12/2024
10/12/2024 443.33 -0.60% 10/12/2024 619.32 0.94% 10/12/2024
9/12/2024 446.02 0.55% 9/12/2024 613.57 -1.64% 9/12/2024
6/12/2024 443.57 0.21% 6/12/2024 623.77 2.44% 6/12/2024
5/12/2024 442.62 1.19% 5/12/2024 608.93 -0.79% 5/12/2024
4/12/2024 437.42 1.44% 4/12/2024 613.78 0.02% 4/12/2024
3/12/2024 431.2 0.05% 3/12/2024 613.65 3.51% 3/12/2024
 2/12/2024 430.98 1.78% 2/12/2024 592.83 3.22% 2/12/2024
11/29/2024 423.46 0.11% 11/29/2024 574.32 0.90% 11/29/2024
11/27/2024 422.99 -1.17% 11/27/2024 569.2 -0.76% 11/27/2024
11/26/2024 427.99 2.20% 11/26/2024 573.54 1.49% 11/26/2024
11/25/2024 418.79 0.43% 11/25/2024 565.11 1.07% 11/25/2024
11/22/2024 417 1.00% 11/22/2024 559.14 -0.70% 11/22/2024
11/21/2024 412.87 -0.63% 11/21/2024 563.09 -0.43% 11/21/2024
11/20/2024 415.49 -0.55% 11/20/2024 565.52 0.79% 11/20/2024
11/19/2024 417.79 0.49% 11/19/2024 561.09 1.21% 11/19/2024
11/18/2024 415.76 0.18% 11/18/2024 554.4 0.06% 11/18/2024
11/15/2024 415 -2.79% 11/15/2024 554.08 -4.00% 11/15/2024
11/14/2024 426.89 0.40% 11/14/2024 577.16 -0.49% 11/14/2024
11/13/2024 425.2 0.51% 11/13/2024 580 -0.82% 11/13/2024
12/11/2024 423.03 1.20% 12/11/2024 584.82 0.28% 12/11/2024
11/11/2024 418.01 -1.07% 11/11/2024 583.17 -1.05% 11/11/2024
8/11/2024 422.54 -0.68% 8/11/2024 589.34 -0.40% 8/11/2024
7/11/2024 425.43 1.25% 7/11/2024 591.7 3.44% 7/11/2024
6/11/2024 420.18 2.12% 6/11/2024 572.05 -0.07% 6/11/2024
5/11/2024 411.46 0.73% 5/11/2024 572.43 2.10% 5/11/2024
4/11/2024 408.46 -0.47% 4/11/2024 560.68 -1.14% 4/11/2024
1/11/2024 410.37 0.99% 1/11/2024 567.16 -0.07% 1/11/2024
10/31/2024 406.35 -6.05% 10/31/2024 567.58 -4.09% 10/31/2024
10/30/2024 432.53 0.13% 10/30/2024 591.8 -0.25% 10/30/2024
10/29/2024 431.95 1.26% 10/29/2024 593.28 2.62% 10/29/2024
10/28/2024 426.59 -0.36% 10/28/2024 578.16 0.86% 10/28/2024
10/25/2024 428.15 0.81% 10/25/2024 573.25 0.96% 10/25/2024
10/24/2024 424.73 0.03% 10/24/2024 567.78 0.73% 10/24/2024
10/23/2024 424.6 -0.68% 10/23/2024 563.69 -3.15% 10/23/2024
10/22/2024 427.51 2.08% 10/22/2024 582.01 1.19% 10/22/2024
10/21/2024 418.78 0.15% 10/21/2024 575.16 -0.23% 10/21/2024
10/18/2024 418.16 0.35% 10/18/2024 576.47 -0.08% 10/18/2024
10/17/2024 416.72 0.14% 10/17/2024 576.93 0.02% 10/17/2024
10/16/2024 416.12 -0.63% 10/16/2024 576.79 -1.62% 10/16/2024
10/15/2024 418.74 -0.10% 10/15/2024 586.27 -0.70% 10/15/2024
10/14/2024 419.14 0.68% 10/14/2024 590.42 0.08% 10/14/2024
11/10/2024 416.32 0.12% 11/10/2024 589.95 1.05% 11/10/2024
10/10/2024 415.84 -0.39% 10/10/2024 583.83 -1.13% 10/10/2024
9/10/2024 417.46 0.66% 9/10/2024 590.51 -0.40% 9/10/2024
8/10/2024 414.71 1.26% 8/10/2024 592.89 1.39% 8/10/2024
7/10/2024 409.54 -1.57% 7/10/2024 584.78 -1.87% 7/10/2024
4/10/2024 416.06 -0.12% 4/10/2024 595.94 2.26% 4/10/2024
3/10/2024 416.54 -0.14% 3/10/2024 582.77 1.74% 3/10/2024
2/10/2024 417.13 -0.85% 2/10/2024 572.81 -0.63% 2/10/2024
1/10/2024 420.69 -2.23% 1/10/2024 576.47 0.70% 1/10/2024
09/30/2024 430.3 0.53% 09/30/2024 572.44 0.90% 09/30/2024
09/27/2024 428.02 -0.76% 09/27/2024 567.36 -0.08% 09/27/2024
09/26/2024 431.31 -0.19% 09/26/2024 567.84 -0.08% 09/26/2024
09/25/2024 432.11 0.69% 09/25/2024 568.31 0.88% 09/25/2024
09/24/2024 429.17 -1.00% 09/24/2024 563.33 -0.19% 09/24/2024
09/23/2024 433.51 -0.40% 09/23/2024 564.41 0.55% 09/23/2024
09/20/2024 435.27 -0.78% 09/20/2024 561.35 0.40% 09/20/2024
09/19/2024 438.69 1.83% 09/19/2024 559.1 3.93% 09/19/2024
09/18/2024 430.81 -1.00% 09/18/2024 537.95 0.30% 09/18/2024
09/17/2024 435.15 0.88% 09/17/2024 536.32 0.57% 09/17/2024
09/16/2024 431.34 0.17% 09/16/2024 533.28 1.65% 09/16/2024
09/13/2024 430.59 0.84% 09/13/2024 524.62 -0.19% 09/13/2024
12/9/2024 427 0.94% 12/9/2024 525.6 2.69% 12/9/2024
11/9/2024 423.04 2.13% 11/9/2024 511.83 1.39% 11/9/2024
10/9/2024 414.2 2.09% 10/9/2024 504.79 0.00% 10/9/2024
9/9/2024 405.72 1.00% 9/9/2024 504.79 0.90% 9/9/2024
6/9/2024 401.7 -1.64% 6/9/2024 500.27 -3.21% 6/9/2024
5/9/2024 408.39 -0.12% 5/9/2024 516.86 0.80% 5/9/2024
4/9/2024 408.9 -0.13% 4/9/2024 512.74 0.19% 4/9/2024
3/9/2024 409.44 -1.85% 3/9/2024 511.76 -1.83% 3/9/2024
08/30/2024 417.14 0.97% 08/30/2024 521.31 0.60% 08/30/2024
08/29/2024 413.12 0.61% 08/29/2024 518.22 0.28% 08/29/2024
08/28/2024 410.6 -0.78% 08/28/2024 516.78 -0.45% 08/28/2024
08/27/2024 413.84 0.08% 08/27/2024 519.1 -0.39% 08/27/2024
08/26/2024 413.49 -0.79% 08/26/2024 521.12 -1.30% 08/26/2024
08/23/2024 416.79 0.30% 08/23/2024 528 -0.74% 08/23/2024
08/22/2024 415.55 -2.03% 08/22/2024 531.93 -0.60% 08/22/2024
08/21/2024 424.14 -0.16% 08/21/2024 535.16 1.60% 08/21/2024
08/20/2024 424.8 0.78% 08/20/2024 526.73 -0.48% 08/20/2024
08/19/2024 421.53 0.73% 08/19/2024 529.28 0.35% 08/19/2024
08/16/2024 418.47 -0.61% 08/16/2024 527.42 -1.84% 08/16/2024
08/15/2024 421.03 1.00% 08/15/2024 537.33 2.01% 08/15/2024
08/14/2024 416.86 0.69% 08/14/2024 526.76 -0.34% 08/14/2024
08/13/2024 414.01 1.77% 08/13/2024 528.54 2.44% 08/13/2024
12/8/2024 406.81 0.19% 12/8/2024 515.95 -0.35% 12/8/2024
9/8/2024 406.02 0.83% 9/8/2024 517.77 1.60% 9/8/2024
8/8/2024 402.69 1.07% 8/8/2024 509.63 4.24% 8/8/2024
7/8/2024 398.43 -0.30% 7/8/2024 488.92 -1.05% 7/8/2024
6/8/2024 399.61 1.13% 6/8/2024 494.09 3.86% 6/8/2024
5/8/2024 395.15 -3.27% 5/8/2024 475.73 -2.54% 5/8/2024
2/8/2024 408.49 -2.07% 2/8/2024 488.14 -1.93% 2/8/2024
1/8/2024 417.11 -0.30% 1/8/2024 497.74 4.82% 1/8/2024
07/31/2024 418.35 -1.08% 07/31/2024 474.83 2.51% 07/31/2024
07/30/2024 422.92 -0.89% 07/30/2024 463.19 -0.54% 07/30/2024
07/29/2024 426.73 0.34% 07/29/2024 465.71 0.00% 07/29/2024
07/26/2024 425.27 1.64% 07/26/2024 465.7 2.71% 07/26/2024
07/25/2024 418.4 -2.45% 07/25/2024 453.41 -1.70% 07/25/2024
07/24/2024 428.9 -3.59% 07/24/2024 461.27 -5.61% 07/24/2024
07/23/2024 444.85 0.43% 07/23/2024 488.69 0.26% 07/23/2024
07/22/2024 442.94 1.33% 07/22/2024 487.4 2.23% 07/22/2024
07/19/2024 437.11 -0.74% 07/19/2024 476.79 0.20% 07/19/2024
07/18/2024 440.37 -0.71% 07/18/2024 475.85 3.00% 07/18/2024
07/17/2024 443.52 -1.33% 07/17/2024 461.99 -5.68% 07/17/2024
07/16/2024 449.52 -0.98% 07/16/2024 489.79 -1.28% 07/16/2024
07/15/2024 453.96 0.09% 07/15/2024 496.16 -0.54% 07/15/2024
12/7/2024 453.55 -0.25% 12/7/2024 498.87 -2.70% 12/7/2024
11/7/2024 454.7 -2.48% 11/7/2024 512.7 -4.11% 11/7/2024
10/7/2024 466.25 1.46% 10/7/2024 534.69 0.88% 10/7/2024
9/7/2024 459.54 -1.44% 9/7/2024 530 0.13% 9/7/2024
8/7/2024 466.24 -0.28% 8/7/2024 529.32 -1.96% 8/7/2024
5/7/2024 467.56 1.47% 5/7/2024 539.91 5.87% 5/7/2024
3/7/2024 460.77 0.32% 3/7/2024 509.96 0.09% 3/7/2024
2/7/2024 459.28 0.56% 2/7/2024 509.5 0.96% 2/7/2024
1/7/2024 456.73 2.19% 1/7/2024 504.68 0.09% 1/7/2024
06/28/2024 446.95 -1.30% 06/28/2024 504.22 -2.95% 06/28/2024
06/27/2024 452.85 0.15% 06/27/2024 519.56 1.26% 06/27/2024
06/26/2024 452.16 0.27% 06/26/2024 513.12 0.49% 06/26/2024
06/25/2024 450.95 0.73% 06/25/2024 510.6 2.34% 06/25/2024
06/24/2024 447.67 -0.47% 06/24/2024 498.91 0.83% 06/24/2024
06/21/2024 449.78 0.92% 06/21/2024 494.78 -1.38% 06/21/2024
06/20/2024 445.7 -0.14% 06/20/2024 501.7 0.44% 06/20/2024
06/18/2024 446.34 -0.45% 06/18/2024 499.49 -1.41% 06/18/2024
06/17/2024 448.37 1.31% 06/17/2024 506.63 0.49% 06/17/2024
06/14/2024 442.57 0.22% 06/14/2024 504.16 0.01% 06/14/2024
06/13/2024 441.58 0.12% 06/13/2024 504.1 -0.93% 06/13/2024
12/6/2024 441.06 1.94% 12/6/2024 508.84 0.27% 12/6/2024
11/6/2024 432.68 1.12% 11/6/2024 507.47 0.97% 11/6/2024
10/6/2024 427.87 0.95% 10/6/2024 502.6 1.96% 10/6/2024
7/6/2024 423.85 -0.16% 7/6/2024 492.96 -0.16% 7/6/2024
6/6/2024 424.52 0.12% 6/6/2024 493.76 -0.26% 6/6/2024
5/6/2024 424.01 1.91% 5/6/2024 495.06 3.79% 5/6/2024
4/6/2024 416.07 0.62% 4/6/2024 476.99 -0.10% 4/6/2024
3/6/2024 413.52 -0.39% 3/6/2024 477.49 2.28% 3/6/2024
05/31/2024 415.13 0.11% 05/31/2024 466.83 -0.05% 05/31/2024
05/30/2024 414.67 -3.38% 05/30/2024 467.05 -1.54% 05/30/2024
05/29/2024 429.17 -0.27% 05/29/2024 474.36 -1.16% 05/29/2024
05/28/2024 430.32 0.04% 05/28/2024 479.92 0.36% 05/28/2024
05/24/2024 430.16 0.74% 05/24/2024 478.22 2.67% 05/24/2024
05/23/2024 427 -0.82% 05/23/2024 465.78 -0.43% 05/23/2024
05/22/2024 430.52 0.34% 05/22/2024 467.78 0.68% 05/22/2024
05/21/2024 429.04 0.87% 05/21/2024 464.63 -0.90% 05/21/2024
05/20/2024 425.34 1.22% 05/20/2024 468.84 -0.65% 05/20/2024
05/17/2024 420.21 -0.19% 05/17/2024 471.91 -0.28% 05/17/2024
05/16/2024 420.99 -0.49% 05/16/2024 473.23 -1.73% 05/16/2024
05/15/2024 423.08 1.57% 05/15/2024 481.54 2.05% 05/15/2024
05/14/2024 416.56 0.69% 05/14/2024 471.85 0.82% 05/14/2024
05/13/2024 413.72 -0.25% 05/13/2024 468.01 -1.72% 05/13/2024
10/5/2024 414.74 0.59% 10/5/2024 476.2 0.16% 10/5/2024
9/5/2024 412.32 0.43% 9/5/2024 475.42 0.60% 9/5/2024
8/5/2024 410.54 0.29% 8/5/2024 472.6 0.93% 8/5/2024
 7/5/2024 409.34 -1.02% 7/5/2024 468.24 0.55% 7/5/2024
6/5/2024 413.54 1.69% 6/5/2024 465.68 3.04% 6/5/2024
3/5/2024 406.66 2.22% 3/5/2024 451.96 2.33% 3/5/2024
2/5/2024 397.84 0.73% 2/5/2024 441.68 0.57% 2/5/2024
1/5/2024 394.94 1.44% 1/5/2024 439.19 2.10% 1/5/2024
04/30/2024 389.33 -3.21% 04/30/2024 430.17 -0.57% 04/30/2024
04/29/2024 402.25 -1.00% 04/29/2024 432.62 -2.41% 04/29/2024
04/26/2024 406.32 1.82% 04/26/2024 443.29 0.43% 04/26/2024
04/25/2024 399.04 -2.45% 04/25/2024 441.38 -10.56% 04/25/2024
04/24/2024 409.06 0.37% 04/24/2024 493.5 -0.52% 04/24/2024
04/23/2024 407.57 1.65% 04/23/2024 496.1 2.98% 04/23/2024
04/22/2024 400.96 0.46% 04/22/2024 481.73 0.14% 04/22/2024
04/19/2024 399.12 -1.27% 04/19/2024 481.07 -4.13% 04/19/2024
04/18/2024 404.27 -1.84% 04/18/2024 501.8 1.54% 04/18/2024
04/17/2024 411.84 -0.66% 04/17/2024 494.17 -1.12% 04/17/2024
04/16/2024 414.58 0.23% 04/16/2024 499.76 -0.09% 04/16/2024
04/15/2024 413.64 -1.96% 04/15/2024 500.23 -2.28% 04/15/2024
12/4/2024 421.9 -1.41% 12/4/2024 511.9 -2.15% 12/4/2024
11/4/2024 427.93 1.10% 11/4/2024 523.16 0.64% 11/4/2024
10/4/2024 423.26 -0.71% 10/4/2024 519.83 0.57% 10/4/2024
9/4/2024 426.28 0.40% 9/4/2024 516.9 -0.45% 9/4/2024
8/4/2024 424.59 -0.22% 8/4/2024 519.25 -1.53% 8/4/2024
5/4/2024 425.52 1.83% 5/4/2024 527.34 3.21% 5/4/2024
4/4/2024 417.88 -0.61% 4/4/2024 510.92 0.82% 4/4/2024
3/4/2024 420.45 -0.23% 3/4/2024 506.74 1.88% 3/4/2024
2/4/2024 421.44 -0.74% 2/4/2024 497.37 1.23% 2/4/2024
1/4/2024 424.57 0.92% 1/4/2024 491.35 1.19% 1/4/2024
03/28/2024 420.72 -0.17% 03/28/2024 485.58 -1.68% 03/28/2024
03/27/2024 421.43 -0.05% 03/27/2024 493.86 -0.41% 03/27/2024
03/26/2024 421.65 -0.29% 03/26/2024 495.89 -1.42% 03/26/2024
03/25/2024 422.86 -1.37% 03/25/2024 503.02 -1.29% 03/25/2024
03/22/2024 428.74 -0.15% 03/22/2024 509.58 0.36% 03/22/2024
03/21/2024 429.37 0.97% 03/21/2024 507.76 0.44% 03/21/2024
03/20/2024 425.23 0.91% 03/20/2024 505.52 1.87% 03/20/2024
03/19/2024 421.41 0.98% 03/19/2024 496.24 -0.15% 03/19/2024
03/18/2024 417.32 0.22% 03/18/2024 496.98 2.66% 03/18/2024
03/15/2024 416.42 -2.07% 03/15/2024 484.1 -1.57% 03/15/2024
03/14/2024 425.22 2.44% 03/14/2024 491.83 -0.75% 03/14/2024
03/13/2024 415.1 -0.04% 03/13/2024 495.57 -0.84% 03/13/2024
12/3/2024 415.28 2.66% 12/3/2024 499.75 3.34% 12/3/2024
11/3/2024 404.52 -0.42% 11/3/2024 483.59 -4.42% 11/3/2024
8/3/2024 406.22 -0.71% 8/3/2024 505.95 -1.22% 8/3/2024
7/3/2024 409.14 1.75% 7/3/2024 512.19 3.25% 7/3/2024
6/3/2024 402.09 -0.14% 6/3/2024 496.09 1.20% 6/3/2024
5/3/2024 402.65 -2.96% 5/3/2024 490.22 -1.60% 5/3/2024
4/3/2024 414.92 -0.14% 4/3/2024 498.19 -0.82% 4/3/2024
1/3/2024 415.5 0.45% 1/3/2024 502.3 2.48% 1/3/2024
02/29/2024 413.64 1.45% 02/29/2024 490.13 1.26% 02/29/2024
02/28/2024 407.72 0.06% 02/28/2024 484.02 -0.62% 02/28/2024
02/27/2024 407.48 -0.01% 02/27/2024 487.05 1.10% 02/27/2024
02/26/2024 407.54 -0.68% 02/26/2024 481.74 -0.47% 02/26/2024
02/23/2024 410.34 -0.32% 02/23/2024 484.03 -0.43% 02/23/2024
02/22/2024 411.65 2.35% 02/22/2024 486.13 3.87% 02/22/2024
02/21/2024 402.18 -0.15% 02/21/2024 468.03 -0.79% 02/21/2024
02/20/2024 402.79 -0.31% 02/20/2024 471.75 -0.33% 02/20/2024
02/16/2024 404.06 -0.61% 02/16/2024 473.32 -2.21% 02/16/2024
02/15/2024 406.56 -0.72% 02/15/2024 484.03 2.27% 02/15/2024
02/14/2024 409.49 0.78% 02/14/2024 473.28 2.86% 02/14/2024
02/13/2024 406.32 -2.15% 02/13/2024 460.12 -1.87% 02/13/2024
12/2/2024 415.26 -1.26% 12/2/2024 468.9 0.17% 12/2/2024
9/2/2024 420.55 1.56% 9/2/2024 468.11 -0.40% 9/2/2024
8/2/2024 414.11 0.01% 8/2/2024 470 0.09% 8/2/2024
7/2/2024 414.05 2.11% 7/2/2024 469.59 3.27% 7/2/2024
6/2/2024 405.49 -0.04% 6/2/2024 454.72 -1.02% 6/2/2024
5/2/2024 405.65 -1.35% 5/2/2024 459.41 -3.28% 5/2/2024
2/2/2024 411.22 1.84% 2/2/2024 474.99 20.32% 2/2/2024
1/2/2024 403.78 1.56% 1/2/2024 394.78 1.19% 1/2/2024
01/31/2024 397.58 -2.69% 01/31/2024 390.14 -2.48% 01/31/2024
01/30/2024 408.59 -0.28% 01/30/2024 400.06 -0.24% 01/30/2024
01/29/2024 409.72 1.43% 01/29/2024 401.02 1.75% 01/29/2024
01/26/2024 403.93 -0.23% 01/26/2024 394.14 0.24% 01/26/2024
01/25/2024 404.87 0.57% 01/25/2024 393.18 0.63% 01/25/2024
01/24/2024 402.56 0.92% 01/24/2024 390.7 1.43% 01/24/2024
01/23/2024 398.9 0.60% 01/23/2024 385.2 0.90% 01/23/2024
01/22/2024 396.51 -0.54% 01/22/2024 381.78 -0.44% 01/22/2024
01/19/2024 398.67 1.22% 01/19/2024 383.45 1.95% 01/19/2024
01/18/2024 393.87 1.13% 01/18/2024 376.13 2.11% 01/18/2024
01/17/2024 389.47 -0.20% 01/17/2024 368.37 0.25% 01/17/2024
01/16/2024 390.27 0.46% 01/16/2024 367.46 -1.88% 01/16/2024
12/1/2024 388.47 1.00% 12/1/2024 374.49 1.30% 12/1/2024
11/1/2024 384.63 0.49% 11/1/2024 369.67 -0.22% 11/1/2024
10/1/2024 382.77 1.86% 10/1/2024 370.47 3.65% 10/1/2024
9/1/2024 375.79 0.29% 9/1/2024 357.43 -0.34% 9/1/2024
8/1/2024 374.69 1.89% 8/1/2024 358.66 1.91% 8/1/2024
5/1/2024 367.75 -0.05% 5/1/2024 351.95 1.39% 5/1/2024
4/1/2024 367.94 -0.72% 4/1/2024 347.12 0.77% 4/1/2024
3/1/2024 370.6 -0.07% 3/1/2024 344.47 -0.53% 3/1/2024
2/1/2024 370.87 2/1/2024 346.29 2/1/2024
 Amazon S&P 500
Adj Close % Change Date Adj Close % Change

192.72 -4.29% 03/28/2025 5,580.94 -1.97%

201.36 0.11% 03/27/2025 5,693.31 -0.33%
201.13 -2.23% 03/26/2025 5,712.20 -1.12%
205.71 1.21% 03/25/2025 5,776.65 0.16%
203.26 3.59% 03/24/2025 5,767.57 1.76%
196.21 0.65% 03/21/2025 5,667.56 0.08%
194.95 -0.30% 03/20/2025 5,662.89 -0.22%
195.54 1.41% 03/19/2025 5,675.29 1.08%
192.82 -1.49% 03/18/2025 5,614.66 -1.07%
195.74 -1.12% 03/17/2025 5,675.12 0.64%
197.95 2.09% 03/14/2025 5,638.94 2.13%
193.89 -2.51% 03/13/2025 5,521.52 -1.39%
198.89 1.17% 12/3/2025 5,599.30 0.49%
196.59 1.05% 11/3/2025 5,572.07 -0.76%
194.54 -2.36% 10/3/2025 5,614.56 -2.70%
199.25 -0.72% 7/3/2025 5,770.20 0.55%
200.7 -3.68% 6/3/2025 5,738.52 -1.78%
208.36 2.24% 5/3/2025 5,842.63 1.12%
203.8 -0.60% 4/3/2025 5,778.15 -1.22%
205.02 -3.42% 3/3/2025 5,849.72 -1.76%
212.28 1.70% 02/28/2025 5,954.50 1.59%
208.74 -2.62% 02/27/2025 5,861.57 -1.59%
214.35 0.73% 02/26/2025 5,956.06 0.01%
212.8 0.04% 02/25/2025 5,955.25 -0.47%
212.71 -1.79% 02/24/2025 5,983.25 -0.50%
216.58 -2.83% 02/21/2025 6,013.13 -1.71%
222.88 -1.65% 02/20/2025 6,117.52 -0.43%
226.63 -0.01% 02/19/2025 6,144.15 0.24%
226.65 -0.89% 02/18/2025 6,129.58 0.24%
228.68 -0.73% 02/14/2025 6,114.63 -0.01%
230.37 0.63% 02/13/2025 6,115.07 1.04%
228.93 -1.65% 12/2/2025 6,051.97 -0.27%
232.76 -0.16% 11/2/2025 6,068.50 0.03%
233.14 1.74% 10/2/2025 6,066.44 0.67%
229.15 -4.05% 7/2/2025 6,025.99 -0.95%
238.83 1.13% 6/2/2025 6,083.57 0.36%
236.17 -2.43% 5/2/2025 6,061.48 0.39%
242.06 1.95% 4/2/2025 6,037.88 0.72%
237.42 -0.11% 3/2/2025 5,994.57 -0.76%
237.68 1.30% 01/31/2025 6,040.53 -0.50%
234.64 -1.03% 01/30/2025 6,071.17 0.53%
237.07 -0.45% 01/29/2025 6,039.31 -0.47%
238.15 1.16% 01/28/2025 6,067.70 0.92%
235.42 0.24% 01/27/2025 6,012.28 -1.46%
234.85 -0.24% 01/24/2025 6,101.24 -0.29%
235.42 0.17% 01/23/2025 6,118.71 0.53%
235.01 1.86% 01/22/2025 6,086.37 0.61%
230.71 2.11% 01/21/2025 6,049.24 0.88%
225.94 2.39% 01/17/2025 5,996.66 1.00%
220.66 -1.20% 01/16/2025 5,937.34 -0.21%
223.35 2.57% 01/15/2025 5,949.91 1.83%
217.76 -0.32% 01/14/2025 5,842.91 0.11%
218.46 -0.22% 01/13/2025 5,836.22 0.16%
218.94 -1.44% 10/1/2025 5,827.04 -1.54%
222.13 0.01% 8/1/2025 5,918.25 0.16%
222.11 -2.42% 7/1/2025 5,909.03 -1.11%
227.61 1.53% 6/1/2025 5,975.38 0.55%
224.19 1.80% 3/1/2025 5,942.47 1.26%
220.22 0.38% 2/1/2025 5,868.55 -0.22%
219.39 -0.86% 12/31/2024 5,881.63 -0.43%
221.3 -1.09% 12/30/2024 5,906.94 -1.07%
223.75 -1.45% 12/27/2024 5,970.84 -1.11%
227.05 -0.87% 12/26/2024 6,037.59 -0.04%
229.05 1.77% 12/24/2024 6,040.04 1.10%
225.06 0.06% 12/23/2024 5,974.07 0.73%
224.92 0.73% 12/20/2024 5,930.85 1.09%
223.29 1.26% 12/19/2024 5,867.08 -0.09%
220.52 -4.60% 12/18/2024 5,872.16 -2.95%
231.15 -0.76% 12/17/2024 6,050.61 -0.39%
232.93 2.40% 12/16/2024 6,074.08 0.38%
227.46 -0.66% 12/13/2024 6,051.09 0.00%
228.97 -0.56% 12/12/2024 6,051.25 -0.54%
230.26 2.32% 11/12/2024 6,084.19 0.82%
225.04 -0.46% 10/12/2024 6,034.91 -0.30%
226.09 -0.41% 9/12/2024 6,052.85 -0.61%
227.03 2.94% 6/12/2024 6,090.27 0.25%
220.55 1.10% 5/12/2024 6,075.11 -0.19%
218.16 2.21% 4/12/2024 6,086.49 0.61%
213.44 1.30% 3/12/2024 6,049.88 0.05%
210.71 1.36% 2/12/2024 6,047.15 0.24%
207.89 1.05% 11/29/2024 6,032.38 0.56%
205.74 -1.02% 11/27/2024 5,998.74 -0.38%
207.86 3.18% 11/26/2024 6,021.63 0.57%
201.45 2.20% 11/25/2024 5,987.37 0.30%
197.12 -0.64% 11/22/2024 5,969.34 0.35%
198.38 -2.22% 11/21/2024 5,948.71 0.53%
202.88 -0.85% 11/20/2024 5,917.11 0.00%
204.61 1.44% 11/19/2024 5,916.98 0.40%
201.7 -0.45% 11/18/2024 5,893.62 0.39%
202.61 -4.19% 11/15/2024 5,870.62 -1.32%
211.48 -1.22% 11/14/2024 5,949.17 -0.60%
214.1 2.48% 11/13/2024 5,985.38 0.02%
208.91 1.00% 12/11/2024 5,983.99 -0.29%
206.84 -0.64% 11/11/2024 6,001.35 0.10%
208.18 -0.89% 8/11/2024 5,995.54 0.38%
210.05 1.43% 7/11/2024 5,973.10 0.74%
207.09 3.80% 6/11/2024 5,929.04 2.53%
199.5 1.90% 5/11/2024 5,782.76 1.23%
195.78 -1.09% 4/11/2024 5,712.69 -0.28%
197.93 6.19% 1/11/2024 5,728.80 0.41%
186.4 -3.28% 10/31/2024 5,705.45 -1.86%
192.73 1.00% 10/30/2024 5,813.67 -0.33%
190.83 1.30% 10/29/2024 5,832.92 0.16%
188.39 0.30% 10/28/2024 5,823.52 0.27%
187.83 0.78% 10/25/2024 5,808.12 -0.03%
186.38 0.90% 10/24/2024 5,809.86 0.21%
184.71 -2.63% 10/23/2024 5,797.42 -0.92%
189.7 0.33% 10/22/2024 5,851.20 -0.05%
189.07 0.04% 10/21/2024 5,853.98 -0.18%
188.99 0.78% 10/18/2024 5,864.67 0.40%
187.53 0.34% 10/17/2024 5,841.47 -0.02%
186.89 -0.43% 10/16/2024 5,842.47 0.47%
187.69 0.08% 10/15/2024 5,815.26 -0.76%
187.54 -0.68% 10/14/2024 5,859.85 0.77%
188.82 1.16% 11/10/2024 5,815.03 0.61%
186.65 0.80% 10/10/2024 5,780.05 -0.21%
185.17 1.34% 9/10/2024 5,792.04 0.71%
182.72 1.06% 8/10/2024 5,751.13 0.97%
180.8 -3.06% 7/10/2024 5,695.94 -0.96%
186.51 2.50% 4/10/2024 5,751.07 0.90%
181.96 -1.52% 3/10/2024 5,699.94 -0.17%
184.76 -0.20% 2/10/2024 5,709.54 0.01%
185.13 -0.64% 1/10/2024 5,708.75 -0.93%
186.33 -0.87% 09/30/2024 5,762.48 0.42%
187.97 -1.67% 09/27/2024 5,738.17 -0.13%
191.16 -0.71% 09/26/2024 5,745.37 0.40%
192.53 -0.74% 09/25/2024 5,722.26 -0.19%
193.96 0.04% 09/24/2024 5,732.93 0.25%
193.88 1.19% 09/23/2024 5,718.57 0.28%
191.6 0.91% 09/20/2024 5,702.55 -0.19%
189.87 1.85% 09/19/2024 5,713.64 1.70%
186.43 -0.24% 09/18/2024 5,618.26 -0.29%
186.88 1.08% 09/17/2024 5,634.58 0.03%
184.89 -0.86% 09/16/2024 5,633.09 0.13%
186.49 -0.27% 09/13/2024 5,626.02 0.54%
187 1.34% 12/9/2024 5,595.76 0.75%
184.52 2.77% 11/9/2024 5,554.13 1.07%
179.55 2.37% 10/9/2024 5,495.52 0.45%
175.4 2.34% 9/9/2024 5,471.05 1.16%
171.39 -3.65% 6/9/2024 5,408.42 -1.73%
177.89 2.63% 5/9/2024 5,503.41 -0.30%
173.33 -1.66% 4/9/2024 5,520.07 -0.16%
176.25 -1.26% 3/9/2024 5,528.93 -2.12%
178.5 3.71% 08/30/2024 5,648.40 1.01%
172.12 0.77% 08/29/2024 5,591.96 0.00%
170.8 -1.34% 08/28/2024 5,592.18 -0.60%
173.12 -1.36% 08/27/2024 5,625.80 0.16%
175.5 -0.87% 08/26/2024 5,616.84 -0.32%
177.04 0.52% 08/23/2024 5,634.61 1.15%
176.13 -2.21% 08/22/2024 5,570.64 -0.89%
180.11 0.69% 08/21/2024 5,620.85 0.42%
178.88 0.37% 08/20/2024 5,597.12 -0.20%
178.22 0.66% 08/19/2024 5,608.25 0.97%
177.06 -0.30% 08/16/2024 5,554.25 0.20%
177.59 4.40% 08/15/2024 5,543.22 1.61%
170.1 -0.08% 08/14/2024 5,455.21 0.38%
170.23 2.06% 08/13/2024 5,434.43 1.68%
166.8 -0.08% 12/8/2024 5,344.39 0.00%
166.94 0.69% 9/8/2024 5,344.16 0.47%
165.8 1.86% 8/8/2024 5,319.31 2.30%
162.77 0.52% 7/8/2024 5,199.50 -0.77%
161.93 0.57% 6/8/2024 5,240.03 1.04%
161.02 -4.10% 5/8/2024 5,186.33 -3.00%
167.9 -8.78% 2/8/2024 5,346.56 -1.84%
184.07 -1.56% 1/8/2024 5,446.68 -1.37%
186.98 2.90% 07/31/2024 5,522.30 1.58%
181.71 -0.81% 07/30/2024 5,436.44 -0.50%
183.2 0.38% 07/29/2024 5,463.54 0.08%
182.5 1.47% 07/26/2024 5,459.10 1.11%
179.85 -0.54% 07/25/2024 5,399.22 -0.51%
180.83 -2.99% 07/24/2024 5,427.13 -2.31%
186.41 2.11% 07/23/2024 5,555.74 -0.16%
182.55 -0.32% 07/22/2024 5,564.41 1.08%
183.13 -0.34% 07/19/2024 5,505.00 -0.71%
183.75 -2.22% 07/18/2024 5,544.59 -0.78%
187.93 -2.64% 07/17/2024 5,588.27 -1.39%
193.02 0.16% 07/16/2024 5,667.20 0.64%
192.72 -0.91% 07/15/2024 5,631.22 0.28%
194.49 -0.29% 12/7/2024 5,615.35 0.55%
195.05 -2.37% 11/7/2024 5,584.54 -0.88%
199.79 0.23% 10/7/2024 5,633.91 1.02%
199.34 0.03% 9/7/2024 5,576.98 0.07%
199.29 -0.36% 8/7/2024 5,572.85 0.10%
200 1.22% 5/7/2024 5,567.19 0.54%
197.59 -1.21% 3/7/2024 5,537.02 0.51%
200 1.42% 2/7/2024 5,509.01 0.62%
197.2 2.04% 1/7/2024 5,475.09 0.27%
193.25 -2.32% 06/28/2024 5,460.48 -0.41%
197.85 2.19% 06/27/2024 5,482.87 0.09%
193.61 3.90% 06/26/2024 5,477.90 0.16%
186.34 0.41% 06/25/2024 5,469.30 0.39%
185.57 -1.86% 06/24/2024 5,447.87 -0.31%
189.08 1.60% 06/21/2024 5,464.62 -0.16%
186.1 1.80% 06/20/2024 5,473.17 -0.25%
182.81 -0.68% 06/18/2024 5,487.03 0.25%
184.06 0.22% 06/17/2024 5,473.23 0.77%
183.66 -0.09% 06/14/2024 5,431.60 -0.04%
183.83 -1.64% 06/13/2024 5,433.74 0.23%
186.89 -0.18% 12/6/2024 5,421.03 0.85%
187.23 0.09% 11/6/2024 5,375.32 0.27%
187.06 1.50% 10/6/2024 5,360.79 0.26%
184.3 -0.38% 7/6/2024 5,346.99 -0.11%
185 2.05% 6/6/2024 5,352.96 -0.02%
181.28 1.08% 5/6/2024 5,354.03 1.18%
179.34 0.56% 4/6/2024 5,291.34 0.15%
178.34 1.08% 3/6/2024 5,283.40 0.11%
176.44 -1.61% 05/31/2024 5,277.51 0.80%
179.32 -1.48% 05/30/2024 5,235.48 -0.60%
182.02 -0.07% 05/29/2024 5,266.95 -0.74%
182.15 0.77% 05/28/2024 5,306.04 0.02%
180.75 -0.17% 05/24/2024 5,304.72 0.70%
181.05 -1.14% 05/23/2024 5,267.84 -0.74%
183.13 -0.01% 05/22/2024 5,307.01 -0.27%
183.15 -0.21% 05/21/2024 5,321.41 0.25%
183.54 -0.63% 05/20/2024 5,308.13 0.09%
184.7 0.58% 05/17/2024 5,303.27 0.12%
183.63 -1.27% 05/16/2024 5,297.10 -0.21%
185.99 -0.58% 05/15/2024 5,308.15 1.17%
187.07 0.27% 05/14/2024 5,246.68 0.48%
186.57 -0.49% 05/13/2024 5,221.42 -0.02%
187.48 -1.07% 10/5/2024 5,222.68 0.16%
189.5 0.80% 9/5/2024 5,214.08 0.51%
188 -0.40% 8/5/2024 5,187.67 0.00%
188.76 0.03% 7/5/2024 5,187.70 0.13%
188.7 1.34% 6/5/2024 5,180.74 1.03%
186.21 0.81% 3/5/2024 5,127.79 1.26%
184.72 3.20% 2/5/2024 5,064.20 0.91%
179 2.29% 1/5/2024 5,018.39 -0.34%
175 -3.29% 04/30/2024 5,035.69 -1.57%
180.96 0.75% 04/29/2024 5,116.17 0.32%
179.62 3.43% 04/26/2024 5,099.96 1.02%
173.67 -1.65% 04/25/2024 5,048.42 -0.46%
176.59 -1.64% 04/24/2024 5,071.63 0.02%
179.54 1.30% 04/23/2024 5,070.55 1.20%
177.23 1.49% 04/22/2024 5,010.60 0.87%
174.63 -2.56% 04/19/2024 4,967.23 -0.88%
179.22 -1.14% 04/18/2024 5,011.12 -0.22%
181.28 -1.11% 04/17/2024 5,022.21 -0.58%
183.32 -0.16% 04/16/2024 5,051.41 -0.21%
183.62 -1.35% 04/15/2024 5,061.82 -1.20%
186.13 -1.54% 12/4/2024 5,123.41 -1.46%
189.05 1.67% 11/4/2024 5,199.06 0.74%
185.95 0.15% 10/4/2024 5,160.64 -0.95%
185.67 0.26% 9/4/2024 5,209.91 0.14%
185.19 0.06% 8/4/2024 5,202.39 -0.04%
185.07 2.82% 5/4/2024 5,204.34 1.11%
180 -1.32% 4/4/2024 5,147.21 -1.23%
182.41 0.95% 3/4/2024 5,211.49 0.11%
180.69 -0.15% 2/4/2024 5,205.81 -0.72%
180.97 0.33% 1/4/2024 5,243.77 -0.20%
180.38 0.31% 03/28/2024 5,254.35 0.11%
179.83 0.86% 03/27/2024 5,248.49 0.86%
178.3 -0.78% 03/26/2024 5,203.58 -0.28%
179.71 0.47% 03/25/2024 5,218.19 -0.31%
178.87 0.40% 03/22/2024 5,234.18 -0.14%
178.15 0.00% 03/21/2024 5,241.53 0.32%
178.15 1.28% 03/20/2024 5,224.62 0.89%
175.9 0.81% 03/19/2024 5,178.51 0.56%
174.48 0.03% 03/18/2024 5,149.42 0.63%
174.42 -2.42% 03/15/2024 5,117.09 -0.65%
178.75 1.25% 03/14/2024 5,150.48 -0.29%
176.55 0.66% 03/13/2024 5,165.31 -0.19%
175.39 1.99% 12/3/2024 5,175.27 1.12%
171.96 -1.93% 11/3/2024 5,117.94 -0.11%
175.35 -0.83% 8/3/2024 5,123.69 -0.65%
176.82 1.91% 7/3/2024 5,157.36 1.03%
173.51 -0.35% 6/3/2024 5,104.76 0.51%
174.12 -1.95% 5/3/2024 5,078.65 -1.02%
177.58 -0.36% 4/3/2024 5,130.95 -0.12%
178.22 0.83% 1/3/2024 5,137.08 0.80%
176.76 2.08% 02/29/2024 5,096.27 0.52%
173.16 -0.22% 02/28/2024 5,069.76 -0.17%
173.54 -0.68% 02/27/2024 5,078.18 0.17%
174.73 -0.15% 02/26/2024 5,069.53 -0.38%
174.99 0.23% 02/23/2024 5,088.80 0.03%
174.58 3.55% 02/22/2024 5,087.03 2.11%
168.59 0.90% 02/21/2024 4,981.80 0.13%
167.08 -1.43% 02/20/2024 4,975.51 -0.60%
169.51 -0.17% 02/16/2024 5,005.57 -0.48%
169.8 -0.69% 02/15/2024 5,029.73 0.58%
170.98 1.39% 02/14/2024 5,000.62 0.96%
168.64 -2.15% 02/13/2024 4,953.17 -1.37%
172.34 -1.21% 12/2/2024 5,021.84 -0.09%
174.45 2.71% 9/2/2024 5,026.61 0.57%
169.84 -0.40% 8/2/2024 4,997.91 0.06%
170.53 0.82% 7/2/2024 4,995.06 0.82%
169.15 -0.68% 6/2/2024 4,954.23 0.23%
170.31 -0.87% 5/2/2024 4,942.81 -0.32%
171.81 7.87% 2/2/2024 4,958.61 1.07%
159.28 2.63% 1/2/2024 4,906.19 1.25%
155.2 -2.39% 01/31/2024 4,845.65 -1.61%
159 -1.40% 01/30/2024 4,924.97 -0.06%
161.26 1.34% 01/29/2024 4,927.93 0.76%
159.12 0.87% 01/26/2024 4,890.97 -0.07%
157.75 0.56% 01/25/2024 4,894.16 0.53%
156.87 0.54% 01/24/2024 4,868.55 0.08%
156.02 0.80% 01/23/2024 4,864.60 0.29%
154.78 -0.36% 01/22/2024 4,850.43 0.22%
155.34 1.20% 01/19/2024 4,839.81 1.23%
153.5 1.18% 01/18/2024 4,780.94 0.88%
151.71 -0.95% 01/17/2024 4,739.21 -0.56%
153.16 -0.94% 01/16/2024 4,765.98 -0.37%
154.62 -0.36% 12/1/2024 4,783.83 0.08%
155.18 0.94% 11/1/2024 4,780.24 -0.07%
153.73 1.56% 10/1/2024 4,783.45 0.57%
151.37 1.52% 9/1/2024 4,756.50 -0.15%
149.1 2.66% 8/1/2024 4,763.54 1.41%
145.24 0.46% 5/1/2024 4,697.24 0.18%
144.57 -2.63% 4/1/2024 4,688.68 -0.34%
148.47 -0.97% 3/1/2024 4,704.81 -0.80%
149.93 2/1/2024 4,742.83
 Google's WACC Calculation
(in USD million except per Share Data)

Cost of Equity

CHOOSE Beta Type 1 Bottoms Up Beta

1 for Bottom-up & 2 for Regression Beta

Cost of Equity calculation using

Capital Asset Pricing Model
Particulars Notes Value
(CAPM)
Risk-free rate (%) 10 year Treasury rate 4.23%
Beta Bottoms Up Beta 1.23
Equity market risk premium (%) 4.33%
Cost of Equity Capital (%) 9.57%

Calculation of Bottom-Up Beta

Levered beta or
Average
Particulars Regression Beta or
Debt
EQUITY Beta

Apple 0.94 125,000

Microsoft 1.14 85,230
Meta 1.50 38,323
Amazon 1.50 162,333

Average
Target Company Levered beta
Debt

Google 1.27 29,330

Beta Calculation for Target Company - Coca-Cola

1 Bottoms Up Beta 1.23
2 Regression Beta 1.27

Calculation of Capital Structure of Target & Peer Group Companies

Company Equity
Total Debt (in $ million)
Google Share Price (in $)
31-Dec-24 28,140 189.30
31-Dec-23 29,870 139.69
31-Dec-22 29,980 88.23

Apple
31-Dec-24 119,000 250.42
31-Dec-23 124,000 192.53
31-Dec-22 132,000 129.93

Microsoft
31-Dec-24 97,850 421.50
31-Dec-23 79,440 376.04
31-Dec-22 78,400 239.82

Meta
31-Dec-24 49,770 585.51
31-Dec-23 37,920 353.96
31-Dec-22 27,280 120.34

Amazon
31-Dec-24 155,000 219.39
31-Dec-23 162,000 151.94
31-Dec-22 170,000 84.00
 Cost of Debt

CHOOSE Cost of Debt 2

1 Cost of debt (using historical wgted avg interest rate)
2 Cost of debt (using Credit Rating Method)
3 Cost of debt (using Synthetic Rating Method)

ACTIVE CHOICE
Cost of debt (using Credit Rating Method)

Avg Debt/(Avg Debt + Avg Equity/(Avg Debt

Average Equity (Mkt. Average Debt /
Avg Equity) + Avg Equity)
Cap) Average Equity

4.07% 2,948,693 95.93% 0.04

3.21% 2,571,593 96.79% 0.03
4.09% 898,540 95.91% 0.04
9.27% 1,588,397 90.73% 0.10

Industry Average

Avg Debt/(Avg Debt + Avg Equity/(Avg Debt

Average Equity (Mkt. Average Debt /
Avg Equity) + Avg Equity)
Cap) Average Equity

1.67% 1,724,713 98.33% 0.02

Equity
Tax Rate
Shares O/S Market Capitalisation
12,190 2,307,567 21.00%
12,430 1,736,347 21.00%
12,810 1,130,226 21.00%
15,120 3,786,350 21.00%
15,550 2,993,842 21.00%
15,900 2,065,887 21.00%

7,430 3,131,745 21.00%

7,430 2,793,977 21.00%
7,460 1,789,057 21.00%

2,530 1,481,340 21.00%

2,550 902,598 21.00%
2,590 311,681 21.00%

10,600 2,325,534 21.00%

10,390 1,578,657 21.00%
10,250 861,000 21.00%
 Weighted Average Cost of Capital (WACC)

Particulars Weight
Debt (%) 1.7%
Equity (%) 98.3%
WACC

3.82%

Unlevered beta or
ASSET Beta
Relevered beta
(represents Business
Risk)
0.91
1.11
1.45
1.39

1.22 1.23

Tax Rate

21.00%

Cost of Debt Calculation

Cost of debt (using historical wgted avg interest rate)

Particulars Notes
Debt Borrowing Rate (%)
Income Tax Rate (%)
After-tax Cost of Debt (%)

Cost of debt (using Credit Rating Method)

Particulars Notes
Riskfree Rate
Credit Rating S&P
Credit Spread
Debt Borrowing Rate (%)
Income Tax Rate (%)
After-tax Cost of Debt (%)

Cost of debt (using Synthetic Rating Method)

Particulars Notes
Riskfree Rate
Credit Spread based on AAA
Synthetic Rating
Debt Borrowing Rate (%)
Income Tax Rate (%)
After-tax Cost of Debt (%)

Dec. 31, 2020

ICR 304.06
 Particulars Cost Value
Cost of debt (%) 3.82% 0.06%
Cost of equity (%) 9.57% 9.41%
WACC 9.47%

alculation

wgted avg interest rate)

Value
2.4%
21.0%
1.9%

dit Rating Method)

 Value
4.23%
AA+
0.60%
4.83%
21.0%
3.82%

hetic Rating Method)

Value
4.23%
0.45%

4.68%
21.0%
3.70%

Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2024
227.07 204.15 272.91 418.58
DCF Calculation
(in USD million except per Share Data)
Valuation Date 30-Mar-25
Latest Filing 5-Feb-25 10K, 2024
Choose Discounting (1 for End Year, 2 for Mid-Year) 2
WACC 9.470%
Tax Rate 21%

Date of cash flows (end-year) 30-Mar-25 31-Dec-25

Date of cash flows (mid-year) 30-Mar-25 15-Aug-25
EBIT - 108,569
Tax - 22,800
NOPAT - 85,770
Add: Depreciation and amortisation - 18,635
Minus: Change in NWC - -6,070
Less: Capital expenditure - -16,056
Debt free (Unlevered) cash flow (Free Cash Flows to Firm) - 82,280
NPV for Full Year Discounting 312,624
NPV for Mid Year Discounting 326,240

NPV for explicit period based of Discounting Method 326,240

Terminal value Gordon's

Growth Model
Long Term Growth Rate 2.12%
Terminal Value 1,279,471
Mid-Year End-Year
Time to Terminal Value 4.26 4.76
Present Value of TV 870,324 831,829
PV of TV (active choice of endyear/midyear) 870,324
DCF Value of Firm / Operating Business Enterprise Value 1,196,564
Add: Non Operating Assets 52,856
Total Enterprise Value of Firm 1,249,420
Less: Gross Debt & Debt Equivalents 10,883
Add: Cash & STI 95,657
Less: Non Controlling Interest -
DCF Value of Common Equity (Equity Value) 1,334,194
No. of diluted shares 12,447
DCF value per share 107.2

Terminal Value Exit Multiple

Method
LTM EV/EBITDA Industry 23.87x
Terminal Year EBITDA 206,384
Terminal Value 4,927,068
 Present Value of TV 3,203,258
DCF Value of Firm / Operating Business Enterprise Value 3,529,498
Add: Non Operating Assets 52,856
Total Value of Firm 3,582,354
Less: Gross Debt & Debt Equivalents 10,883
Add: Cash 95,657
Less: Non Controlling Interest -
DCF Value of Common Equity (Equity Value) 3,667,128
No. of diluted shares 12,447
DCF value per share 294.6

CMP (as on March 30, 2025) 154.35

1 Mid year discounting

2 Year end discounting
 1
2

31-Dec-26 31-Dec-27 31-Dec-28 31-Dec-29

1-Jul-26 1-Jul-27 1-Jul-28 1-Jul-29
121,236 136,308 154,364 176,149
25,460 28,625 32,416 36,991
95,777 107,683 121,947 139,157
20,810 23,397 26,496 30,235
-7,716 -9,181 -10,999 -13,271
-40,464 -46,781 -54,512 -64,037
68,406 75,118 82,932 92,085

SENSITIV

107.19 8.47%
1.32%
1.52%
1.72%
1.92%
LTGR

2.12%
2.32%
2.52%
2.72%
2.92%

VALUATION RANGE SENSITIV

Higher Value 119.1 Overvalued-Sell
Lower Value 97.9 294.6 8.47%
22.0x
Software (Internet) 28.08x 22.5x
Software (System and 27.98x 23.0x
Exit Multiple

Advertising 15.56x 23.5x

 Exit Multiple
24.0x
24.5x
25.0x
25.5x
26.0x

VALUATION RANGE
Higher Value 321.7 Undervalued-Buy
Lower Value 271.7
End-Year Discounting
Mid-year Discounting

SENSITIVITY ANALYSIS
WACC
8.72% 8.97% 9.22% 9.47% 9.72% 9.97% 10.22% 10.47%

SENSITIVITY ANALYSIS
WACC
8.72% 8.97% 9.22% 9.47% 9.72% 9.97% 10.22% 10.47%