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Alphabet (GOOGL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
Alphabet (GOOGL) reported revenue of $119.8B for the second quarter 2026 (Q2 2026), +24% from a year earlier and +9% from the quarter before. Operating margin was 34.0%, net earnings $112.2B (93.7% of revenue).
Alphabet, Q2 2026: revenue $119.8B (+24% year over year), operating margin 34.0%, net earnings $112.2B, operating cash flow $39.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $119.8B | +9% | +24% |
| Operating profit | $40.8B | +3% | +30% |
| Net earnings | $112.2B | +79% | +298% |
| Operating cash flow | $39.1B | -15% | +41% |
What changed
Revenue was $119.8B in Q2 2026, up 24% year over year and up 9% from the previous quarter. Google Services was the largest line at 79% of revenue. Google Services added $12.0B year over year (up 15%), 51% of the total change.
Operating profit was $40.8B, a 34.0% margin (up 1.6 points year over year). Of the extra revenue versus Q2 2025, 41% reached operating profit, above the 32% margin then. Total costs grew 21% against revenue growth of 24%. The fastest-growing cost line was Research & development (+32%). Net earnings were $112.2B, up 298% year over year. The effective tax rate was 19.1%. Non-operating items added $98.0B, 71% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $39.1B (up 41% year over year), 35% of net earnings. Non-cash charges added back $7.5B of depreciation and amortization and $8.0B of share-based compensation. Working capital and other items used $88.6B. Capital expenditures of $44.9B exceeded it, leaving free cash flow of −$5.9B.
Questions
What was Alphabet's revenue in the second quarter 2026?
Alphabet (GOOGL) reported revenue of $119.8B for the second quarter 2026 (Q2 2026), +24% from a year earlier and +9% from the quarter before.
Was Alphabet profitable in the second quarter 2026?
Operating profit was $40.8B (34.0% of revenue) and net earnings $112.2B.
Source: Alphabet 10-Q on SEC EDGAR.