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Alphabet (GOOGL) Q3 2025 earnings results (third quarter 2025)

10-Q filed Oct 30, 2025

Alphabet (GOOGL) reported revenue of $102.3B for the third quarter 2025 (Q3 2025), +16% from a year earlier and +6% from the quarter before. Operating margin was 30.5%, net earnings $35.0B (34.2% of revenue).

Revenue$102.3B
Year over year+16%
Quarter over quarter+6%
Operating margin30.5%
Net earnings$35.0B

Alphabet, Q3 2025: revenue $102.3B (+16% year over year), operating margin 30.5%, net earnings $35.0B, operating cash flow $48.4B. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$102.3B+6%+16%
Operating profit$31.2B-0.1%+9%
Net earnings$35.0B+24%+33%
Operating cash flow$48.4B+74%+58%
Free cash flow$24.5B——

What changed

Revenue was $102.3B in Q3 2025, up 16% year over year and up 6% from the previous quarter. Google Services was the largest line at 85% of revenue. Google Services added $10.5B year over year (up 14%), 75% of the total change. Other Bets declined 11%.

Operating profit was $31.2B, a 30.5% margin (down 1.8 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, below the 32% margin then. Total costs grew 19% against revenue growth of 16%. The fastest-growing cost line was General & admin (+105%). Net earnings were $35.0B, up 33% year over year. The effective tax rate was 20.5%. Non-operating items added $12.8B, 29% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $48.4B (up 58% year over year), 138% of net earnings. Non-cash charges added back $5.7B of depreciation and amortization and $6.4B of share-based compensation. After purchases of property and equipment ($24.0B), free cash flow as the company reports it was $24.5B.

Questions

What was Alphabet's revenue in the third quarter 2025?

Alphabet (GOOGL) reported revenue of $102.3B for the third quarter 2025 (Q3 2025), +16% from a year earlier and +6% from the quarter before.

Was Alphabet profitable in the third quarter 2025?

Operating profit was $31.2B (30.5% of revenue) and net earnings $35.0B.

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Source: Alphabet 10-Q on SEC EDGAR.