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Alphabet (GOOGL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Alphabet (GOOGL) Q3 2026 earnings results →
Q3 2026 Revenue up 25% year over year to $127.6B · 21¢ of every $1 of revenue kept as net profit · operating margin 31.8%
Alphabet made $127.6B in Q3 2026 (+25% Y/Y): Google Services $96.3B, Google Cloud $30.7B, Other Bets $372M. Operating margin 31.8%, net earnings $26.5B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $127.6B in Q3 2026, up 25% year over year and up 6% from the previous quarter. Google Services was the largest line at 75% of revenue. Google Cloud added $15.6B year over year (up 103%), 62% of the total change.
Operating profit was $40.6B, a 31.8% margin (up 1.3 points year over year). Of the extra revenue versus Q3 2025, 37% reached operating profit, above the 31% margin then. Total costs grew 22% against revenue growth of 25%. The fastest-growing cost line was Research & development (+36%). Net earnings were $26.5B, down 24% year over year. The effective tax rate was 18.2%.
Operating cash flow was $42.3B (down 13% year over year), 160% of net earnings. Non-cash charges added back $8.7B of depreciation and amortization and $8.6B of share-based compensation. Capital expenditures of $51.4B exceeded it, leaving free cash flow of −$9.1B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $127.6B | +25% | 31.8% | $26.5B | $42.3B |
| Q2 2026 | 10-Q | Jul 23, 2026 | $119.8B | +24% | 34.0% | $112.2B | $39.1B |
| Q1 2026 | 10-Q | Apr 30, 2026 | $109.9B | +22% | 36.1% | $62.6B | $45.8B |
| Q4 2025 | 10-K | Feb 5, 2026 | $113.8B | +18% | 31.6% | $34.5B | $52.4B |
| Q3 2025 | 10-Q | Oct 30, 2025 | $102.3B | +16% | 30.5% | $35.0B | $48.4B |
| Q2 2025 | 10-Q | Jul 24, 2025 | $96.4B | +14% | 32.4% | $28.2B | $27.7B |
| Q1 2025 | 10-Q | Apr 25, 2025 | $90.2B | +12% | 33.9% | $34.5B | $36.1B |
Charts
In supply chains and themes
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- ZDGE · Stated in 10-K (named, share not stated) · source
- DUOL · Stated in 10-K (named, share not stated) · source
- FRSH · Stated in 10-K (named, share not stated) · source
- ASAN · Stated in 10-K (named, share not stated) · source
- BBAI · Stated in 10-K (named, share not stated) · source
- SNAL · Stated in 10-K (named, share not stated) · source
- BL · Stated in 10-K (named, share not stated) · source
- VIA · Stated in 10-K (named, share not stated) · source
- ROOT · Stated in 10-K (named, share not stated) · source
- LMND · Stated in 10-K (named, share not stated) · source
- HIPO · Stated in 10-K (named, share not stated) · source
- OWLT · Stated in 10-K (named, share not stated) · source
Buys from
- PEW — 67% of the supplier’s revenue · Stated in 10-K (sentence) · source
- SST — 67% of the supplier’s revenue · Stated in 10-K (sentence) · source
- QXL — 25% of the supplier’s revenue · Stated in 10-K (sentence) · source
- DUOL — 20% of the supplier’s revenue · Stated in 10-K (sentence) · source
- BOTY — 18% of the supplier’s revenue · Stated in 10-K (sentence) · source
- RBLX — 15% of the supplier’s revenue · Stated in 10-K (sentence) · source
- PPLI — 14% of the supplier’s revenue · Stated in 10-K (XBRL) · source
- WMG — 12% of the supplier’s revenue · Stated in 10-K (sentence) · source
- TTWO · Stated in 10-K (named, share not stated) · source
- SNAL · Stated in 10-K (named, share not stated) · source
About Alphabet
As our founders Larry and Sergey wrote in the original founders' letter, "Google is not a conventional company. We do not intend to become one." That unconventional spirit has been a driving force throughout our history, inspiring us to tackle big problems and invest in moonshots. It led us to be a pioneer in the development of artificial intelligence (AI) and, since 2016, be an AI-first company. We continue this work under the leadership of Alphabet and Google CEO, Sundar Pichai. Alphabet is a collection of businesses — the largest of which is Google. We report Google in two segments, Google Services and Google Cloud, and all non-Google businesses collectively as Other Bets.
In its own words, from its 10-K, filed Feb 5, 2026.
Alphabet against its Services-Computer Programming, Data Processing, Etc. peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +25% against the peers' median +14%. Operating margin: 31.8% against the peers' median 19.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GOOGL Alphabet | Q3 2026 | $127.6B | +25% | 31.8% |
| META Meta Platforms | Q3 2026 | $64.6B | +26% | 20.1% |
| SPCX Space Exploration Technologies | Q3 2026 | $14.6B | +161% | 19.1% |
| FLUT Flutter Entertainment | Q3 2026 | $3.9B | +2% | -30.7% |
| APP AppLovin | Q3 2026 | $2.2B | +56% | 78.2% |
| SNAP Snap | Q3 2026 | $1.7B | +14% | 4.5% |
| ZM Zoom Communications | Q2 FY27 | $1.3B | +5% | 24.6% |
| PINS Pinterest | Q3 2026 | $1.2B | +12% | 2.6% |
| NIQ NIQ Global Intelligence | Q2 2026 | $1.1B | +8% | 5.8% |
Source: Alphabet 10-Q on SEC EDGAR · CIK 1652044 · Services-Computer Programming, Data Processing, Etc.
Guidance and outlook
13F: who owns GOOGL and who is buying
More on GOOGL
- How Alphabet makes money: revenue by segment
- Alphabet next earnings date and what analysts expect
- Alphabet stock forecast, price target and fair value
- Who owns Alphabet stock: holders, funds and Congress trades
- Alphabet guidance and outlook
- Is Alphabet a takeover target? LBO and rumors
- Alphabet recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results