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Alphabet (GOOGL) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Alphabet (GOOGL) reported revenue of $109.9B for the first quarter 2026 (Q1 2026), +22% from a year earlier and -3% from the quarter before. Operating margin was 36.1%, net earnings $62.6B (56.9% of revenue).
Alphabet, Q1 2026: revenue $109.9B (+22% year over year), operating margin 36.1%, net earnings $62.6B, operating cash flow $45.8B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $109.9B | -3% | +22% |
| Operating profit | $39.7B | +10% | +30% |
| Net earnings | $62.6B | +82% | +81% |
| Operating cash flow | $45.8B | -13% | +27% |
| Free cash flow | $10.1B | — | — |
What changed
Revenue was $109.9B in Q1 2026, up 22% year over year and down 3% from the previous quarter. Google Services was the largest line at 82% of revenue. Google Services added $12.4B year over year (up 16%), 63% of the total change. Other Bets declined 9%.
Operating profit was $39.7B, a 36.1% margin (up 2.2 points year over year). Of the extra revenue versus Q1 2025, 46% reached operating profit, above the 34% margin then. Total costs grew 18% against revenue growth of 22%. The fastest-growing cost line was Research & development (+26%). Net earnings were $62.6B, up 81% year over year. The effective tax rate was 19.2%. Non-operating items added $37.7B, 49% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $45.8B (up 27% year over year), 73% of net earnings. Non-cash charges added back $6.7B of depreciation and amortization and $6.8B of share-based compensation. Working capital and other items used $30.2B. After purchases of property and equipment ($35.7B), free cash flow as the company reports it was $10.1B.
Questions
What was Alphabet's revenue in the first quarter 2026?
Alphabet (GOOGL) reported revenue of $109.9B for the first quarter 2026 (Q1 2026), +22% from a year earlier and -3% from the quarter before.
Was Alphabet profitable in the first quarter 2026?
Operating profit was $39.7B (36.1% of revenue) and net earnings $62.6B.
Source: Alphabet 10-Q on SEC EDGAR.