Filing Flows › Alphabet (GOOGL) › Q1 2025
Alphabet (GOOGL) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Alphabet (GOOGL) reported revenue of $90.2B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -6% from the quarter before. Operating margin was 33.9%, net earnings $34.5B (38.3% of revenue).
Alphabet, Q1 2025: revenue $90.2B (+12% year over year), operating margin 33.9%, net earnings $34.5B, operating cash flow $36.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $90.2B | -6% | +12% |
| Operating profit | $30.6B | -1% | +20% |
| Net earnings | $34.5B | +30% | +46% |
| Operating cash flow | $36.1B | -8% | +25% |
| Free cash flow | $19.0B | — | — |
What changed
Revenue was $90.2B in Q1 2025, up 12% year over year and down 6% from the previous quarter. Google Services was the largest line at 86% of revenue. Google Services added $6.9B year over year (up 10%), 71% of the total change. Other Bets declined 9%.
Operating profit was $30.6B, a 33.9% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 53% reached operating profit, above the 32% margin then. Total costs grew 8% against revenue growth of 12%. The fastest-growing cost line was General & admin (+17%). Net earnings were $34.5B, up 46% year over year. The effective tax rate was 17.3%. Non-operating items added $11.2B, 27% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $36.1B (up 25% year over year), 105% of net earnings. Non-cash charges added back $4.6B of depreciation and amortization and $5.5B of share-based compensation. Working capital and other items used $8.5B. After purchases of property and equipment ($17.2B), free cash flow as the company reports it was $19.0B.
Questions
What was Alphabet's revenue in the first quarter 2025?
Alphabet (GOOGL) reported revenue of $90.2B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -6% from the quarter before.
Was Alphabet profitable in the first quarter 2025?
Operating profit was $30.6B (33.9% of revenue) and net earnings $34.5B.
Source: Alphabet 10-Q on SEC EDGAR.