Filing Flows › Alphabet (GOOGL) › Q4 2025
Alphabet (GOOGL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 5, 2026
Alphabet (GOOGL) reported revenue of $113.8B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +11% from the quarter before. Operating margin was 31.6%, net earnings $34.5B (30.3% of revenue).
Alphabet, Q4 2025: revenue $113.8B (+18% year over year), operating margin 31.6%, net earnings $34.5B, operating cash flow $52.4B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113.8B | +11% | +18% |
| Operating profit | $35.9B | +15% | +16% |
| Net earnings | $34.5B | -1% | +30% |
| Operating cash flow | $52.4B | +8% | +34% |
| Free cash flow | $24.6B | — | — |
What changed
Revenue was $113.8B in Q4 2025, up 18% year over year and up 11% from the previous quarter. Google Services was the largest line at 84% of revenue.
Operating profit was $35.9B, a 31.6% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 29% reached operating profit, below the 32% margin then. Total costs grew 19% against revenue growth of 18%. The fastest-growing cost line was Research & development (+42%). Net earnings were $34.5B, up 30% year over year. The effective tax rate was 11.9%.
Operating cash flow was $52.4B (up 34% year over year), 152% of net earnings. Non-cash charges added back $6.0B of depreciation and $7.1B of share-based compensation. Working capital and other items added $4.8B. After purchases of property and equipment ($27.9B), free cash flow as the company reports it was $24.6B.
Questions
What was Alphabet's revenue in the fourth quarter 2025?
Alphabet (GOOGL) reported revenue of $113.8B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +11% from the quarter before.
Was Alphabet profitable in the fourth quarter 2025?
Operating profit was $35.9B (31.6% of revenue) and net earnings $34.5B.
Source: Alphabet 10-K on SEC EDGAR.