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How Alphabet Inc. (GOOGL) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 07/22/2026
Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. · Wikipedia
More about the company
It was created through a restructuring of Google on October 2, 2015, and became the parent holding company of Google and several former Google subsidiaries. Alphabet is listed on the large-cap section of the Nasdaq under the ticker symbols GOOGL and GOOG; both classes of stock are components of major stock market indices such as the S&P 500 and Nasdaq-100. Alphabet has been described as a Big Tech company. As of July 2026, it is the third largest publicly traded company in the world by market capitalization.
Key growth driver: Google Cloud — the fastest-growing revenue line: $24,768, +82% y/y. · by the Q2 2026 report
How does Alphabet make money?
Alphabet brought in $120 billion of revenue in Q2 2026, up 24.2% year over year. The largest source was Google Search & other: $63.3 billion, or 53% of the total, followed by Google Cloud ($24.8B, 21%) and Subscriptions, platforms & devices ($12.9B, 11%); other lines add the remaining 16%. Net income for the quarter was $112 billion, up 297.9% year over year.
Revenue by source, Q2 2026
- Google Search & other$63.3B · 53% · +16.8%
- Google Cloud$24.8B · 21% · +81.8%
- Subscriptions, platforms & devices$12.9B · 11% · +15.2%
- YouTube ads$11.1B · 9% · +12.9%
- Google Network$7.30B · 6% · −0.7%
- Other Bets$382M · 0.3% · +2.4%
- Hedging gains/losses$106M · <0.1%
Shares of $120B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is GOOGL’s next earnings date?
Wednesday, November 4, 2026estimated
Alphabet Inc. (GOOGL) has not confirmed the date yet; Nov 4, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $2.95 (13 analysts), vs $2.87 in the same quarter last year.
What time does GOOGL report? Usually after market close: the last 4 results releases reached the SEC at 4:01 pm, 4:01 pm, 4:01 pm, 4:01 pm ET.
Last report: Jul 22, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$119,796
+24.2%
Gross profit
$73,853
+28.1%
Operating income
$40,770
+30.4%
34% margin
Net income
$112,193
+297.9%
EPS $9.11 diluted
Verdict: an exceptionally strong quarter with 24% revenue growth and 30% operating income growth driven by 82% Google Cloud acceleration and improving margins, though the headline 298% net income jump is almost entirely a non-cash $99.0B unrealized equity-securities gain rather than core operating performance.
OCF $39,069M; capex $44,924M; free cash flow -$5,855M (Q2); dividend $0.22/share common + $12.15/share preferred declared; no buybacks this quarter (prior year $13,238M); raised $49.6B equity + $20.3B debt in the quarter.
Source and notation
* marks non-cash / ≈ estimated. Source: Alphabet Inc. press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
GOOGL earnings history: past report dates
| Jul 22, 2026 Wed | 4:01 pmafter market close | Jun 30, 2026 | $120B+24% y/y | $9.11+294% y/y |
| Apr 29, 2026 Wed | 4:01 pmafter market close | Mar 31, 2026 | $110B+22% y/y | $5.11+82% y/y |
| Feb 4, 2026 Wed | 4:01 pmafter market close | Dec 31, 2025 | ≈$114B | ≈$2.82+32% y/y |
| Oct 29, 2025 Wed | 4:01 pmafter market close | Sep 30, 2025 | $102B+16% y/y | $2.87+35% y/y |
| Jul 23, 2025 Wed | 4:01 pmafter market close | Jun 30, 2025 | $96.4B+14% y/y | $2.31+22% y/y |
| Apr 24, 2025 Thu | 4:01 pmafter market close | Mar 31, 2025 | $90.2B | $2.81+49% y/y |
| Feb 4, 2025 Tue | 4:01 pmafter market close | Dec 31, 2024 | — | ≈$2.14+30% y/y |
| Oct 29, 2024 Tue | 4:01 pmafter market close | Sep 30, 2024 | $88.3B | $2.12+37% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Alphabet Inc.: 5-year financials
| 2025 | 402,836 | 129,039 | 132,170 | 73,266 | 10,049 |
| 2024 | 350,018 | 112,390 | 100,118 | 72,764 | 7,363 |
| 2023 | 307,394 | 84,293 | 73,795 | 69,495 | — |
| 2022 | 282,836 | 74,842 | 59,972 | 60,010 | — |
| 2021 | 257,637 | 78,714 | 76,033 | 67,012 | — |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
0.5/2poor
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 2026Per the 2025 10-K: Class B shares carry 10 votes, Class A one, Class C none; Page and Brin own 89.3% of Class B, or 52.7% of total voting power, with no sunset. sec.gov ↗
- Sep 2024A court gave final approval to a $350M settlement of a shareholder class action against Alphabet over concealment of the Google+ data leak (the largest settlement over cyber disclosure). news.bloomberglaw.com ↗
- Dec 2025Buybacks of $62.2B (2024) and $45.7B (2025), dividend of $0.83 per share in 2025; diluted share count 2022→2025 −7.1% (XBRL 10-K). data.sec.gov ↗
Scoring: 2.0 −1.0 (criterion 7: Page and Brin control 52.7% of votes via Class B with no sunset) −0.5 (criterion 9: $350M Google+ shareholder suit settlement, 2024) = 0.5
- Share classes
- Class A (GOOGL) — 1 vote; the founders hold 52.7% of votes via Class B (10 votes) with no sunset → −1.0 (criterion 7 maximum).
- Dilution
- Diluted share count 2022→2025 −7.1% (buybacks of $62B in 2024 and $46B in 2025); SBC 6.2% of revenue — no deduction.
- Disclosure
- 10-Ks and 10-Qs filed on time, audited US GAAP financials; no deduction.
- Dividends
- Dividends since 2024 ($0.60 in 2024, $0.83 in 2025), equal across all classes; no violations.
- Lawsuits & regulators
- Settled shareholder class action over concealment of the Google+ vulnerability — $350M (approved September 2024), −0.5; antitrust cases and EU fines are industry-wide, no deduction; derivative suits (brought on the company's behalf) are not deducted.
- Related parties
- No material non-arm's-length transactions with the founders found in the 10-K/proxy; no deduction.
How the score works · checked as of Sep 2026
Alphabet Inc. (GOOGL) earnings: FAQ
How does Alphabet make money?
Alphabet brought in $120 billion of revenue in Q2 2026, up 24.2% year over year. The largest source was Google Search & other: $63.3 billion, or 53% of the total, followed by Google Cloud ($24.8B, 21%) and Subscriptions, platforms & devices ($12.9B, 11%); other lines add the remaining 16%. Net income for the quarter was $112 billion, up 297.9% year over year.
When is GOOGL's next earnings date?
Alphabet Inc. (GOOGL) has not confirmed the date yet; Nov 4, 2026 is an estimate based on its past reporting schedule.
What time does GOOGL report earnings?
Alphabet Inc. usually reports after market close: its latest results release was filed with the SEC at 4:01 pm ET on Jul 22, 2026.
When did GOOGL last report earnings?
Alphabet Inc. reported Q2 2026 results on Jul 22, 2026.
What is the EPS estimate for GOOGL's next earnings?
The consensus EPS forecast is $2.95 (13 analysts), vs $2.87 in the same quarter last year.
Where can I find Alphabet Inc.'s financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to GOOGL's filings; this page breaks the latest report down in a Sankey chart.
What was GOOGL's net income in Q2 2026?
Alphabet Inc. reported net income of $112,193M for Q2 2026 (+297.9% year over year), under US GAAP.
Does Alphabet Inc. pay dividends?
Yes. In 2025, Alphabet Inc. paid $10,049M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
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