OpenNashEarnings

Internet & Advertising · Nasdaq: GOOGL

Alphabet earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 3 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Alphabet's third quarter revenues increased 25% to $127.6 billion, with Google Cloud revenues up 103% to $30.7 billion, operating margin of 31.8% and EPS of $2.12.

Alphabet grew revenues 25% to $127.6 billion, its 13th consecutive quarter of double-digit growth. Google Cloud revenues more than doubled to $30.7 billion, helped by AI infrastructure demand and TPU system sales. Search & other grew 12% to $63.3 billion, with query growth the highest in five years. Operating income rose 30%. Net income available to common stockholders fell to $26.2 billion and EPS to $2.12, because other income swung to a loss on an investment in SpaceX.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$127.6B+24.7% y/yQ3 2026
Q4 2024: $96.5B (worked out from the annual figure)Q4 ’24$96.5BQ1 2025: $90.2BQ1 ’25$90.2BQ2 2025: $96.4BQ2 ’25$96.4BQ3 2025: $102.3BQ3 ’25$102.3BQ4 2025: $113.8B (worked out from the annual figure)Q4 ’25$113.8BQ1 2026: $109.9BQ1 ’26$109.9BQ2 2026: $119.8BQ2 ’26$119.8BQ3 2026: $127.6BQ3 ’26$127.6B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$96.5B *
Q1 2025$90.2B
Q2 2025$96.4B
Q3 2025$102.3B
Q4 2025$113.8B *
Q1 2026$109.9B
Q2 2026$119.8B
Q3 2026$127.6B
Diluted EPS (GAAP)$2.12−26.1% y/yQ3 2026
Q1 2025: $2.81Q1 ’25$2.81Q2 2025: $2.31Q2 ’25$2.31Q3 2025: $2.87Q3 ’25$2.87Q1 2026: $5.11Q1 ’26$5.11Q2 2026: $9.11Q2 ’26$9.11Q3 2026: $2.12Q3 ’26$2.12
Data
Q1 2025$2.81
Q2 2025$2.31
Q3 2025$2.87
Q1 2026$5.11
Q2 2026$9.11
Q3 2026$2.12

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin31.8%+1.3 pts y/yQ3 2026
Q4 2024: 32.1%Q4 ’2432.1%Q1 2025: 33.9%Q1 ’2533.9%Q2 2025: 32.4%Q2 ’2532.4%Q3 2025: 30.5%Q3 ’2530.5%Q4 2025: 31.6%Q4 ’2531.6%Q1 2026: 36.1%Q1 ’2636.1%Q2 2026: 34.0%Q2 ’2634.0%Q3 2026: 31.8%Q3 ’2631.8%
Data
Q4 202432.1%
Q1 202533.9%
Q2 202532.4%
Q3 202530.5%
Q4 202531.6%
Q1 202636.1%
Q2 202634.0%
Q3 202631.8%
Free cash flow-$9.1BQ3 2026
Q4 2024: $24.8BQ4 ’24$24.8BQ1 2025: $19.0BQ1 ’25$19.0BQ2 2025: $5.3BQ2 ’25$5.3BQ3 2025: $24.5BQ3 ’25$24.5BQ4 2025: $24.6BQ4 ’25$24.6BQ1 2026: $10.1BQ1 ’26$10.1BQ2 2026: -$5.9BQ2 ’26-$5.9BQ3 2026: -$9.1BQ3 ’26-$9.1B
Data
Q4 2024$24.8B
Q1 2025$19.0B
Q2 2025$5.3B
Q3 2025$24.5B
Q4 2025$24.6B
Q1 2026$10.1B
Q2 2026-$5.9B
Q3 2026-$9.1B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$96.5Bd$90.2B$96.4B$102.3B$113.8Bd$109.9B$119.8B$127.6B
Operating income$31.0Bd$30.6B$31.3B$31.2B$35.9Bd$39.7B$40.8B$40.6B
Operating margin32.1%33.9%32.4%30.5%31.6%36.1%34.0%31.8%
Net income$26.5Bd$34.5B$28.2B$35.0B$34.5Bd$62.6B$112.2B$26.5B
Diluted EPS—$2.81$2.31$2.87—$5.11$9.11$2.12
Operating cash flow$39.1Bd$36.1B$27.7Bd$48.4Bd$52.4Bd$45.8B$39.1Bd$42.3Bd
Capital expenditure$14.3Bd$17.2B$22.4Bd$24.0Bd$27.9Bd$35.7B$44.9Bd$51.4Bd
Free cash flow$24.8B$19.0B$5.3B$24.5B$24.6B$10.1B-$5.9B-$9.1B
R&D expense$13.1Bd$13.6B$13.8B$15.2B$18.6Bd$17.0B$18.2B$20.6B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings