How much does Google make? Google has made the news over the last few years for being one of the best companies to work for. Is their generosity tied to how rich they are? It certainly seems like it.
According to Google's own Annual Income Statement, their revenue in 2009 was $23.6 billion which breaks down to $1.9 billion a month. Further breakdown of profits shows that:
66% of revenue come from Google websites.
30% from Google network websites.
3% from other sources.
Revenue growth was at its lowest in 2009, with only 9% growth for Google websites and 8% of total advertising revenues. As a comparison base, the same areas grew 68% and 56% respectively in 2008. Still, total earnings are up from $21.7 million in 2008 to over 23 million in 2010.
Google makes a lot, but they also have a high number of expenses. For example:
- Cost of Revenues in 2009: $ 8.8 billion
- Traffic Acquisition Costs: $6.1 billion
- Research & Development: $2.8 billion
- Sales & Marketing: $1.9 billion
When it comes to working for Google, the employees don't have it bad either. Here are the average salaries for Google employees in 2009:
- Software Engineer: $97,840
- Product Marketing Manager: $99,667
- Senior Software Engineer: $115,000
- Account Strategic: $52,500
- Web Developer: $60,600
- Manager, Online Sales & Operations: $133,000
Aside from competitive salaries, Google also offers employees other benefits:
- $8,000 towards continuing education.
- $2,000 for referring a new employee.
- $5,000 towards adoption fees.
- Up to 25 days paid vacation a year.
- Up to 18 weeks maternity leave with 100 percent salary.
- Gift matching programs of up to $3000 per year.