Filing Flows › Alphabet (GOOGL) › Q2 2025
Alphabet (GOOGL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Alphabet (GOOGL) reported revenue of $96.4B for the second quarter 2025 (Q2 2025), +14% from a year earlier and +7% from the quarter before. Operating margin was 32.4%, net earnings $28.2B (29.2% of revenue).
Alphabet, Q2 2025: revenue $96.4B (+14% year over year), operating margin 32.4%, net earnings $28.2B, operating cash flow $27.7B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $96.4B | +7% | +14% |
| Operating profit | $31.3B | +2% | +14% |
| Net earnings | $28.2B | -18% | +19% |
| Operating cash flow | $27.7B | -23% | +4% |
| Free cash flow | $5.3B | — | — |
What changed
Revenue was $96.4B in Q2 2025, up 14% year over year and up 7% from the previous quarter. Google Services was the largest line at 86% of revenue. Google Services added $8.6B year over year (up 12%), 74% of the total change.
Operating profit was $31.3B, a 32.4% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 32% margin then. Total costs grew 14% against revenue growth of 14%. The fastest-growing cost line was General & admin (+65%). Net earnings were $28.2B, up 19% year over year. The effective tax rate was 16.9%.
Operating cash flow was $27.7B (up 4% year over year), 98% of net earnings. Non-cash charges added back $5.1B of depreciation and amortization and $6.0B of share-based compensation. Working capital and other items used $11.6B. After purchases of property and equipment ($22.4B), free cash flow as the company reports it was $5.3B.
Questions
What was Alphabet's revenue in the second quarter 2025?
Alphabet (GOOGL) reported revenue of $96.4B for the second quarter 2025 (Q2 2025), +14% from a year earlier and +7% from the quarter before.
Was Alphabet profitable in the second quarter 2025?
Operating profit was $31.3B (32.4% of revenue) and net earnings $28.2B.
Source: Alphabet 10-Q on SEC EDGAR.