In 2022, Google brought in ad revenues totaling $224.5 billion, a 7.2% annual increase. With such figures, there’s no doubt Google is one of the largest tech companies in the world. Not only is the most visited website in the world, its search engine also holds more than 90% of the market share.

But what is the market cap of Google in 2023 and what does Google’s market cap history look like? Here’s a closer look.

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Google market capitalization: 2014–2023

Recent data from a market analysis of Google’s market cap shows that as of November 2023, the company had a valuation of $1.6 trillion. This is 36.2% more than its valuation at the end of 2022 and the second-highest ever recorded.

A look at Google’s market cap history shows that its value has generally been rising over the past decade. In 2014, the market cap of Google was $359.5 billion. To put this growth into perspective, this is around one-fifth of its current valuation. 

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Google’s market cap rose by 46.9% the following year, to $528.2 billion, before another marginal rise of 2.1% in 2016 increased its valuation to $539.1 billion. 2017 saw a growth rate of 35.3%, as Google’s value hit $729.5 billion.

After three years of consecutive growth, Google’s market value took a dip for the first time in at least four years, as its valuation fell by 0.8% in 2018, to $723.6 billion. The company swiftly recovered thereafter, recording three straight years of double-digit growth. In 2019, Google’s company value grew by 27.2% to $921.1 billion. The following year, it rose by 28.6%, which brought its valuation to over $1 trillion for the first time. 2021 saw its biggest increase in market cap in eight years, as Google’s value surged by 61.8%, to $1.9 trillion—its highest ever.

A turbulent market saw a massive sell-off of tech stocks in 2022, and Google was no exception to this. By the end of the year, it was valued at $1.1 trillion, marking a plunge of 40.3%. 

From 2014 to 2022, Google’s market value more than tripled, rising at an average annual growth rate of 2%.

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