Alphabet
33 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.
Customers
Public sector customers
earns fromnamed as a riskFor instance, we may be subject to government audits and cost reviews, and any failure to comply or any deficiencies found may expose us to legal, financial, and reputational risks.Risk factors (Item 1A)
Also named by VRNS
Suppliers
Contract manufacturers
depends onnamed as a riskWe rely on contract manufacturers to manufacture or assemble our devices as well as servers and networking equipment used in our technical infrastructure, certain components of which we may supply.Risk factors (Item 1A)
Also named by AIOT, COHR, CSCO, DELL, GNRC, HROW, KEYS, LITE and 6 more
Third-party data center operators (leases)
depends onnamed as a riskTo meet the compute capacity demands of AI training and inference, as well as traditional cloud computing services, we are entering into significant leasing arrangements with third party operators, which may increase costs and operational complexity.Risk factors (Item 1A)
Also named by ZS
Sole/limited-source components
depends onnamed as a riskSome of the components we use in our technical infrastructure and our devices are available from only one or limited sources, and we may not be able to find replacement vendors on favorable terms in the event of a supply chain disruption.Risk factors (Item 1A)
Partners and platforms
Internet access providers
depends onnamed as a riskCurrently, this access is provided by companies that have significant market power in the broadband and internet access marketplace, including incumbent telephone companies, cable companies, mobile communications companies, and government-owned service providers.Risk factors (Item 1A)
Google Network partners
earns fromnamed as a riskGoogle Services generates revenues primarily by delivering both performance and brand advertising that appears on Google Search & other properties, YouTube, and Google Network partners' properties ("Google Network properties").Business (Item 1)
Other companies
Online advertising
earns from · more than 70% of total revenuesnamed as a riskWe generated more than 70% of total revenues from online advertising in 2025.Risk factors (Item 1A)
Non-marketable equity securities (private companies)
exposed to its price · $64.1 billionnamed as a riskAs of December 31, 2024 and 2025, the carrying value of our non-marketable equity securities, which were accounted for under the measurement alternative, was $35.2 billion and $64.1 billion, respectively.Market risk (Item 7A)
Marketable equity securities
exposed to its price · $631 millionnamed as a riskA hypothetical adverse price change of 10% on our December 31, 2025 balance would decrease the fair value of marketable equity securities by $631 million.Market risk (Item 7A)
Larry Page and Sergey Brin
approximately 52.7% of the voting powernamed as a riskAs of December 31, 2025, Larry Page and Sergey Brin beneficially owned approximately 89.3% of ourRisk factors (Item 1A)
Places
Hazards
Commodities and inputs
Euro
exposed to its pricenamed as a riskPrincipal currency exposures include the Australian dollar, British pound, Canadian dollar, Euro, and Japanese yen.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Specialized AI chips / AI accelerators (GPUs)
depends onnamed as a riskAdditionally, manufacturing and supply of servers and network equipment for our technical infrastructure, particularly for specialized AI chips, is limited to a small number of qualified suppliers.Risk factors (Item 1A)
Energy / electric power
depends onnamed as a riskOur ability to scale our technical infrastructure is increasingly constrained by the availability of power, water, and land.Risk factors (Item 1A)
Regulators
US Department of Justice (DOJ)
subject tonamed as a riskThe US Department of Justice (DOJ), various states, and other plaintiffs have filed, and may continue to file in the future, several antitrust lawsuits about aspects of our business, including our advertising technologies and practices, the operation and distribution of Google Search, and the operation and distribution of Android operating system and Play Store.Risk factors (Item 1A)
Also named by AAPL, ACN, AMAT, ASO, BEN, BSX, CAH, CDNA and 21 more
Laws and programs
OECD global minimum tax (Pillar Two)
subject to · 15% global minimum tax ratenamed as a riskOver 140 countries are negotiating changes to international tax policies led by the Organization for Economic Cooperation and Development (OECD), including a 15% global minimum tax rate.Risk factors (Item 1A)
Also named by AAPL, APP, ARW, AXP, BAC, BALL, CB, CBRE and 15 more
EU General Data Protection Regulation (GDPR)
subject tonamed as a riskThe EU General Data Protection Regulation and the UK General Data Protection Regulations, which apply to all of our activities conducted from an establishment in the EU or the UK, respectively, or related to products and services that we offer to EU or the UK users or customers, respectively, or the monitoring of their behavior in the EU or the UK, respectively.Risk factors (Item 1A)
Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more
EU AI Act
subject tonamed as a riskThe EU AI Act introduces various requirements for AI systems and models placed on the market in the EU, including specific transparency, safety, and copyright requirements for general purpose AI systems and the models on which those systems are based.Risk factors (Item 1A)
Also named by ACN, ADBE, AMD, AXON, CGNX, CRM, CRWD, CTSH and 36 more
EU Digital Services Act
subject tonamed as a riskFor example, we rely on statutory safe harbors, like those set forth in the Digital Millennium Copyright Act and Section 230 of the Communications Decency Act in the US and the Digital Services Act in Europe, to protect against liability for various linking, caching, ranking, recommending, and hosting activities.Risk factors (Item 1A)
Also named by ABNB, ADBE, BKNG, CSGP, DASH, EBAY, ETSY, GDDY and 8 more
Children's Online Privacy Protection Act (COPPA)
subject tonamed as a risk(3) laws governing the collection and processing of children and minor's data and how companies provide age-appropriate online experiences (including, in the US, the Children's Online Privacy Protection Act of 1998; the pending Children and Teens' Online Privacy Protection Act (COPPA 2.0); similar US state laws related to children's privacy, such as the New York Child Data Protection Act; and the UK's Age-Appropriate Design Code); and (4) laws regulating internet-connected devices (such as, in California, the Internet of Things Security Law).Risk factors (Item 1A)
Also named by APP, BBW, DIS, HAS, META, MGNI, RBLX, TTWO and 2 more
Section 230 of the Communications Decency Act
subject tonamed as a riskLegislation or court rulings affecting these safe harbors may harm us and may impose significant operational challenges.Risk factors (Item 1A)
Also named by APP, DOCN, EBAY, META, PPLI, RBLX, RDDT, TWLO and 1 more
Digital Millennium Copyright Act
subject tonamed as a riskFor example, we rely on statutory safe harbors, like those set forth in the Digital Millennium Copyright Act and Section 230 of the Communications Decency Act in the US and the Digital Services Act in Europe, to protect against liability for various linking, caching, ranking, recommending, and hosting activities.Risk factors (Item 1A)
Digital services taxes
subject tonamed as a riskFor example, various jurisdictions around the world have enacted or are considering revenue-based taxes such as digital services taxes and other targeted taxes, which could lead to inconsistent and potentially overlapping international tax regimes.Risk factors (Item 1A)
EU Digital Markets Act
subject tonamed as a riskThe EU's Digital Markets Act, which requires in-scope companies to obtain user consent for combining data across certain products and require search engines to share anonymized data with rival companies, among other changes; and the EU Data Act, which introduces new data portability requirements with respect to connected products (i.e., 'internet of things' products) and related services, as well as interoperability obligations on data processing services.Risk factors (Item 1A)
US v. Google Search antitrust case (D.D.C.)
subject tonamed as a riskIn August 2024, the US District Court for the District of Columbia ruled against Google, and in December 2025, entered a final judgment requiring remedies, which, among other things, imposes restrictions on how we distribute our services and requires us to share certain search data with and offer syndication services to certain competitors.Risk factors (Item 1A)
US v. Google ad tech antitrust case (E.D. Va.)
subject tonamed as a riskThe DOJ's remedy proposal includes structural remedies that could harm our business.Risk factors (Item 1A)
Texas Attorney General ad tech lawsuit (E.D. Tex.)
subject tonamed as a riskFurthermore, in December 2020, a number of state Attorneys General, led by the Texas Attorney General, filed a lawsuit in the US District Court for the Eastern District of Texas concerning our advertising technology and our compliance with US antitrust laws and other laws.Risk factors (Item 1A)
Japan Act on Promotion of Competition for Specified Smartphone Software
subject tonamed as a riskLaws and regulations focused on large technology platforms, including the Digital Markets Act in the European Union (EU) and the Act on Promotion of Competition for Specified Smartphone Software in Japan; regulations and legal settlements in the US, South Korea, and elsewhere that affect Google Play's billing policies, fees, and business model; as well as litigation and new and expected regulations in a range of jurisdictions.Risk factors (Item 1A)
EU Directive on Copyright in the Digital Single Market
subject tonamed as a riskCopyright and related laws, including the EU Directive on Copyright in the Digital Single Market and European Economic Area transpositions, which have introduced new licensing regimes, increase liability with respect to content uploaded by users or linked to from our platforms, or create property rights in news publications that could require payments to news agencies and publishers, which may result in other regulatory actions.Risk factors (Item 1A)
California Transparency in Frontier Artificial Intelligence Act
subject tonamed as a riskFor instance, in 2025, California and New York passed the Transparency in Frontier Artificial Intelligence Act and the Responsible AI Safety and Education Act, respectively, each of which imposes safety and reporting obligations on developers of frontier models.Risk factors (Item 1A)