Every GOOGL drawdown of 20% or more since April 2012
8 declines, oldest first. Depth is measured on daily closing prices from the prior high. "Back at the high" is the first day the price closed at or above that prior high.
| Peak | Low | Depth | Peak to low | Back at the high | Low to new high | Backdrop |
|---|---|---|---|---|---|---|
| Before April 2012Already 17.0% below its high when our data starts | Jun 14, 2012 | -24.6% | Not shown | Sep 24, 2012 | 102 daysabout 3 months | β |
| Jul 26, 2018 | Dec 24, 2018 | -23.4% | 151 daysabout 5 months | Apr 29, 2019 | 126 daysabout 4 months | Late-2018 selloff |
| Feb 19, 2020 | Mar 23, 2020 | -30.9% | 33 days | Jul 10, 2020 | 109 daysabout 4 months | COVID-19 selloff |
| Nov 18, 2021 | Nov 3, 2022 | -44.3% | 350 daysabout 11 months | Jan 25, 2024 | 448 daysabout 15 months | 2022 rate-hike bear market |
| Jul 10, 2024 | Sep 10, 2024 | -22.1% | 62 days | Dec 11, 2024 | 92 daysabout 3 months | β |
| Feb 4, 2025 | Apr 8, 2025 | -29.8% | 63 days | Aug 22, 2025 | 136 daysabout 4 months | April 2025 tariff selloff |
| Feb 2, 2026 | Mar 30, 2026 | -20.4% | 56 days | Apr 24, 2026 | 25 days | β |
| May 13, 2026 | Oct 30, 2026 | -30.4% | 170 daysabout 6 months | Not yetas of Oct 30, 2026 | Still open | β |
Our GOOGL data runs from Apr 26, 2012 to Oct 30, 2026. Highs set before that date still count, so a decline that was already under way on the first day is shown from its low in our data and marked as such. Days are calendar days. The backdrop column names a period only where both the peak and the low fall inside a very well-known market episode.
What the history shows
- -The deepest decline was 44.3%, from Nov 18, 2021 to a low on Nov 3, 2022.
- -The fastest 20%+ fall took 33 days (30.9%, February 2020 to March 2020).
- -Completed recoveries took a median of 109 days (about 4 months) from trough to a new high, ranging from 25 days to 448 days (about 15 months).
- -The May 2026 to October 2026 decline had not closed back at its prior high as of Oct 30, 2026.
A fall of 20% or more from a high is the usual rule of thumb for a bear market, and single stocks have them far more often than broad indexes. These figures describe what happened to GOOGL in the past. They do not predict what comes next and are not advice to buy or sell. Learn more in What Is a Drawdown? and Drawdowns vs Corrections vs Bear Markets.
Frequently Asked Questions
What is Alphabet's worst drawdown since April 2012?
The deepest decline in our data, which starts in April 2012, took Alphabet 44.3% below its prior high. It peaked on Nov 18, 2021, bottomed on Nov 3, 2022 (350 days (about 11 months) later), and closed back at its prior high on Jan 25, 2024, 448 days (about 15 months) after the trough.
How many times has GOOGL fallen 20% or more?
In our data, which runs from April 2012 to Oct 30, 2026, Alphabet (GOOGL) has had 8 drawdowns of 20% or more, and 3 of them reached 30% or more. That is 8 episodes in about 15 years of data. The first one was already under way when the data starts, so it is counted from the low shown in the table rather than from its original peak.
How long does GOOGL take to recover from a 20% drawdown?
Measured from the trough to the first close back at the prior high, Alphabet's completed 20%+ drawdowns took a median of 109 days (about 4 months). The quickest was 25 days (February 2026 to March 2026) and the slowest was 448 days (about 15 months) (November 2021 to November 2022). The May 2026 to October 2026 decline had not recovered as of Oct 30, 2026. Past recovery times describe what happened, not what will happen next.
How far is GOOGL below its high right now?
As of Oct 30, 2026, Alphabet (GOOGL) is 30.4% below its high, and has been below it for 137 days. This page is rebuilt from our daily data, and the live figure is on the GOOGL ticker page.
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