SEC 8-K filings with transcript text
Jul 22, 2026
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Exhibit 99.1
Alphabet Announces Second Quarter 2026 Results
MOUNTAIN VIEW, Calif. – July 22, 2026 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2026.
•Consolidated Alphabet revenues increased 24%, or 23% in constant currency, to $119.8 billion, reflecting strong performance across the business and our 12th consecutive quarter of double-digit revenue growth.
•Google Services revenues increased 15% to $94.5 billion, led by 17% growth in Google Search & other, 15% in Google subscriptions, platforms, and devices, and 13% in YouTube ads.
•Google Cloud saw a meaningful acceleration in growth as revenues increased 82% to $24.8 billion, led by an increase in Google Cloud Platform (GCP) across enterprise AI Solutions and enterprise AI Infrastructure, as well as core GCP services.
•Consolidated Alphabet operating income increased 30% and operating margin expanded by 2 percentage points to 34%.
•Other income reflected a net gain of $98.0 billion, primarily the result of net unrealized gains on our equity securities.
•Net income available to common stockholders increased 298% and EPS increased 294% to $9.11.
Sundar Pichai, CEO of Google and Alphabet, said: “Our AI investments are redefining what’s possible across every part of our business.
Q2 was an amazing quarter, with Alphabet revenues growing 24% year-over-year and Google Cloud revenues accelerating to 82% growth, driven by demand for AI infrastructure and AI solutions. It’s great to see wide adoption of Gemini Enterprise, with nearly 90% of the Fortune 100 using it.
We have exciting momentum across the board. Our popular AI features are driving Search query growth. Gemini models now process 22 billion API tokens per minute and the Gemini App has 950 million monthly active users. We are seeing strong demand for our security solutions, and our new Gemini 3.5 Flash Cyber delivers highly cost-efficient performance at the frontier. And month over month, people turn to YouTube for major world events, with over 1.7 billion unique viewers watching World Cup-related videos during the FIFA World Cup 2026TM.
These outstanding results show that our differentiated, full stack approach to AI is delivering real, measurable value for consumers, customers, and our partners globally.”
Q2 2026 Financial Highlights (unaudited)
The following table summarizes our consolidated financial results for the quarters ended June 30, 2025 and 2026 (in millions, except for per share information and percentages).
Quarter Ended June 30,
20252026
Revenues$96,428 $119,796
Change in revenues year over year14 %24 %
Change in constant currency revenues year over year(1) 13 %23 %
Operating income$31,271 $40,770
Operating margin 32 %34 %
Other income (expense), net $2,662 $97,983
Net income available to common stockholders$28,196 $112,107
Diluted net income per common share$2.31 $9.11
(1) Non-GAAP measure. See the section captioned “Reconciliation from GAAP Revenues to Non-GAAP Constant Currency Revenues and GAAP Percentage Change in Revenues to Non-GAAP Percentage Change in Constant Currency Revenues” for more details.
Q2 2026 Supplemental Information (in millions, except for number of employees; unaudited)
Revenues, Traffic Acquisition Costs (TAC), and Number of Employees
Quarter Ended June 30,
20252026
Google Search & other$54,190 $63,271
YouTube ads9,796 11,055
Google Network7,354 7,303
Google advertising71,340 81,629
Google subscriptions, platforms, and devices11,203 12,911
Google Services total82,543 94,540
Google Cloud13,624 24,768
Other Bets373 382
Hedging gains (losses)(112)106
Total revenues$96,428 $119,796
Total TAC$14,705 $16,179
Number of employees187,103198,933
Segment Operating Results
Quarter Ended June 30,
20252026
Operating income (loss):
Google Services $33,063 $39,544
Google Cloud2,826 8,814
Other Bets(1,246)(1,799)
Alphabet-level activities(1)
(3,372)(5,789)
Total income from operations$31,271 $40,770
(1)Alphabet-level activities primarily reflect expenses related to our shared AI research and development.
Additional Information Relating to the Quarter Ended June 30, 2026 (unaudited)
Equity Capital Raise
In June 2026, we issued a combination of Class A stock and Class C stock and mandatory convertible preferred stock for aggregate net proceeds of $49.6 billion, to be used for general corporate purposes, including capital expenditures to scale AI infrastructure and global compute. Additionally, we entered into an equity distribution agreement with certain sales agents to sell up to $40.0 billion of our Class A stock and Class C stock from time to time through an At-the-Market Program (ATM Program). The proceeds of the ATM Program are primarily intended to be used to meet tax obligations associated with employee equity grants. As of June 30, 2026, we have not sold any shares under the ATM Program.
Issuance of Senior Un
Apr 29, 2026
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Exhibit 99.1
Alphabet Announces First Quarter 2026 Results
MOUNTAIN VIEW, Calif. – April 29, 2026 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2026.
•Consolidated Alphabet revenues increased 22%, or 19% in constant currency, to $109.9 billion, reflecting strong performance across the business and our 11th consecutive quarter of double-digit growth.
•Google Services revenues increased 16% to $89.6 billion, led by 19% growth in Google Search & other, 19% in Google subscriptions, platforms, and devices, and 11% in YouTube ads.
•Google Cloud saw a meaningful acceleration in growth as revenues increased 63% to $20.0 billion, led by an increase in Google Cloud Platform (GCP) across enterprise AI Solutions and enterprise AI Infrastructure, as well as core GCP services.
•Consolidated Alphabet operating income increased 30% and operating margin expanded by 2 percentage points to 36.1%.
•Other income reflected a net gain of $37.7 billion, primarily the result of net unrealized gains on our non-marketable equity securities.
•Net income increased 81% and EPS increased 82% to $5.11.
•The company announced a 5% increase to the dividend, resulting in a quarterly cash dividend of $0.22.
Sundar Pichai, CEO of Alphabet and Google, said: “2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business. Search had a strong quarter with AI experiences driving usage, queries at an all time high, and 19% revenue growth. Google Cloud revenues grew 63% with backlog nearly doubling quarter on quarter to over $460 billion. This was our strongest quarter ever for our consumer AI plans, driven by the Gemini App. Overall the number of paid subscriptions has now reached 350 million, with YouTube and Google One being the key drivers. Gemini Enterprise has great momentum with 40% quarter on quarter growth in paid monthly active users. And, finally, I’m pleased to see Waymo surpass 500,000 fully autonomous rides a week.
These outstanding results are built on our differentiated, full stack approach. Our first-party models, like Gemini, are now processing more than 16 billion tokens per minute via direct API use by our customers, up 60% from last quarter.
It’s really exciting to see how our AI investments are delivering value for our users, customers and business.”
Q1 2026 Financial Highlights (unaudited)
The following table summarizes our consolidated financial results for the quarter ended March 31, 2025 and 2026 (in millions, except for per share information and percentages).
Quarter Ended March 31,
20252026
Revenues$90,234 $109,896
Change in revenues year over year12 %22 %
Change in constant currency revenues year over year(1) 14 %19 %
Operating income$30,606 $39,696
Operating margin 34 %36 %
Other income (expense), net $11,183 $37,716
Net income$34,540 $62,578
Diluted net income per share $2.81 $5.11
(1) Non-GAAP measure. See the section captioned “Reconciliation from GAAP Revenues to Non-GAAP Constant Currency Revenues and GAAP Percentage Change in Revenues to Non-GAAP Percentage Change in Constant Currency Revenues” for more details.
Q1 2026 Supplemental Information (in millions, except for number of employees; unaudited)
Revenues, Traffic Acquisition Costs (TAC), and Number of Employees
Quarter Ended March 31,
20252026
Google Search & other$50,702 $60,399
YouTube ads8,927 9,883
Google Network7,256 6,971
Google advertising66,885 77,253
Google subscriptions, platforms, and devices10,379 12,384
Google Services total77,264 89,637
Google Cloud12,260 20,028
Other Bets450 411
Hedging gains (losses)260 (180)
Total revenues$90,234 $109,896
Total TAC$13,748 $15,228
Number of employees185,719194,668
Segment Operating Results
Quarter Ended March 31,
20252026
Operating income (loss):
Google Services $32,682 $40,589
Google Cloud2,177 6,598
Other Bets(1,226)(2,100)
Alphabet-level activities(1)
(3,027)(5,391)
Total income from operations$30,606 $39,696
(1)Alphabet-level activities primarily reflect expenses related to our shared AI research and development.
Additional Information Relating to the Quarter Ended March 31, 2026 (unaudited)
Issuance of Senior Unsecured Notes
In the first quarter of 2026, we issued senior unsecured notes for net proceeds of $31.1 billion, to be used for general corporate purposes.
Dividend Program
On April 27, 2026, Alphabet’s Board of Directors declared a quarterly cash dividend of $0.22 per share, representing a 5% increase from the previous quarterly dividend of $0.21 per share. The dividend is payable on June 15, 2026 to stockholders of record for each of the Company’s Class A, Class B, and Class C shares as of June 8, 2026.
Webcast and Conference Call Information
A live audio webcast of our first quarter 2026 earnings release call will be available on YouTube at https://www.youtube.com/watch?v
Feb 4, 2026
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Exhibit 99.1
Alphabet Announces Fourth Quarter and Fiscal Year 2025 Results
MOUNTAIN VIEW, Calif. – February 4, 2026 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended December 31, 2025.
•Consolidated Alphabet revenues increased 18%, or 17% in constant currency, to $113.8 billion, reflecting strong momentum across the business and acceleration in growth in both Google Services and Google Cloud.
•Google Services revenues increased 14% to $95.9 billion, led by 17% growth in Google Search & other, 17% in Google subscriptions, platforms, and devices, and 9% in YouTube ads.
•YouTube revenue across ads and subscriptions exceeded $60 billion for the full year 2025.
•Google Cloud saw a continued increase in customer demand as revenues increased 48% to $17.7 billion, led by an increase in Google Cloud Platform (GCP) across enterprise AI Infrastructure and enterprise AI Solutions, as well as core GCP products.
•Consolidated Alphabet operating income increased 16% and operating margin was 31.6%. Operating income included a $2.1 billion employee compensation charge for Waymo.
•Net income increased 30% and EPS increased 31% to $2.82.
Sundar Pichai, CEO of Alphabet and Google, said: “It was a tremendous quarter for Alphabet and annual revenues exceeded $400 billion for the first time. The launch of Gemini 3 was a major milestone and we have great momentum. Our first party models, like Gemini, now process over 10 billion tokens per minute via direct API use by our customers, and the Gemini App has grown to over 750 million monthly active users. Search saw more usage than ever before, with AI continuing to drive an expansionary moment.
We continue to drive strong growth across the business. YouTube’s annual revenues surpassed $60 billion across ads and subscriptions; we now have over 325 million paid subscriptions across consumer services, led by strong adoption for Google One and YouTube Premium. And Google Cloud ended 2025 at an annual run rate of over $70 billion, representing a wide breadth of customers, driven by demand for AI products.
We’re seeing our AI investments and infrastructure drive revenue and growth across the board. To meet customer demand and capitalize on the growing opportunities we have ahead of us, our 2026 CapEx investments are anticipated to be in the range of $175 to $185 billion.”
Q4 2025 Financial Highlights
The following table summarizes our consolidated financial results for the quarter and fiscal year ended December 31, 2024 and 2025 (in millions, except for per share information and percentages).
Quarter Ended December 31,Year Ended December 31,
2024202520242025
(unaudited)(unaudited)
Revenues$96,469 $113,828 $350,018 $402,836
Change in revenues year over year12 %18 %14 %15 %
Change in constant currency revenues year over year(1) 12 %17 %15 %15 %
Operating income$30,972 $35,934 $112,390 $129,039
Operating margin 32 %32 %32 %32 %
Other income (expense), net $1,271 $3,183 $7,425 $29,787
Net income$26,536 $34,455 $100,118 $132,170
Diluted net income per share $2.15 $2.82 $8.04 $10.81
(1) Non-GAAP measure. See the section captioned “Reconciliation from GAAP Revenues to Non-GAAP Constant Currency Revenues and GAAP Percentage Change in Revenues to Non-GAAP Percentage Change in Constant Currency Revenues” for more details.
Q4 2025 Supplemental Information (in millions, except for number of employees; unaudited)
Revenues, Traffic Acquisition Costs (TAC), and Number of Employees
Quarter Ended December 31,
20242025
Google Search & other$54,034 $63,073
YouTube ads10,473 11,383
Google Network7,954 7,828
Google advertising72,461 82,284
Google subscriptions, platforms, and devices11,633 13,578
Google Services total84,094 95,862
Google Cloud11,955 17,664
Other Bets400 370
Hedging gains (losses)20 (68)
Total revenues$96,469 $113,828
Total TAC$14,848 $16,597
Number of employees 183,323190,820
Segment Operating Results
Quarter Ended December 31,
20242025
Operating income (loss):
Google Services $32,836 $40,132
Google Cloud2,093 $5,313
Other Bets(1,174)$(3,617)
Alphabet-level activities(1)
(2,783)$(5,894)
Total income from operations$30,972 $35,934
(1)Alphabet-level activities primarily reflect expenses related to our shared AI research and development.
Additional Information Relating to the Quarter Ended December 31, 2025 (unaudited)
Issuance of Senior Unsecured Notes
In November 2025, Alphabet issued senior unsecured notes for net proceeds of $24.8 billion to be used for general corporate purposes.
Waymo
In February 2026, Waymo announced an investment round of $16.0 billion, the significant majority of which was funded by Alphabet. For the quarter ended December 31, 2025, we recognized a $2.1 billion employee compensation charge, primarily reflected in research and development expenses, based on estimated stock valuation.
Dividend Program
Alphabet’s Boa
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