Alphabet Inc

Latest Results (13.03.2026):

Alphabet Inc. Q4 2025 results: consolidated revenues were $113.8 billion (up 18% year-over-year, 17% constant currency), driven by broad strength across Google Services and Google Cloud; net income rose to $34.5 billion (+30%) and diluted EPS to $2.82 (+31%). The company highlighted product momentum—including the launch of Gemini 3 and growing Gemini usage—while announcing elevated 2026 CapEx plans to meet AI demand.

Total revenue & growth

Consolidated Q4 2025 revenue: $113.8B, up 18% YoY (17% cc). Full-year 2025 revenue exceeded $400B for the first time ($402.8B, +15% YoY).

Google Services

Google Services revenue in Q4 2025 was $95.9B (up 14% YoY). Search & other grew 17%, subscriptions/platforms/devices grew 17%, and YouTube ads grew 9%.

Google Cloud

Google Cloud revenue jumped 48% YoY to $17.7B in Q4 2025, led by growth in GCP enterprise AI infrastructure, enterprise AI Solutions, and core GCP products; Alphabet said Cloud ended 2025 at an annual run rate >$70B.

YouTube & subscriptions

YouTube combined ads and subscriptions exceeded $60B for full-year 2025. Alphabet reported over 325 million paid subscriptions across its consumer services, with strong adoption of Google One and YouTube Premium.

Profitability & earnings

Q4 2025 operating income was $35.9B (operating margin ~31.6% reported); net income was $34.5B (+30% YoY) and diluted EPS was $2.82 (+31% YoY).

Waymo, Other Bets & charges

Q4 included a $2.1B employee compensation charge related to Waymo (primarily in R&D). Other Bets continued to be loss-making in the quarter (Other Bets operating loss widened).

Cash, balance sheet & financing

Cash, cash equivalents and marketable securities totaled $126.8B at year-end. In Nov 2025 Alphabet issued senior unsecured notes with net proceeds of $24.8B; long-term debt increased to $46.5B (from $10.9B a year earlier).

Capital spending & liquidity

Q4 purchases of property & equipment were $27.9B. Trailing twelve‑month free cash flow through Q4 2025 was $73.3B. Management expects 2026 CapEx in the range of $175–$185B to scale AI infrastructure and meet customer demand.

Shareholder actions

Alphabet’s board declared a quarterly cash dividend of $0.21 per share payable March 16, 2026. The company also reported share repurchases and other capital-return activity during 2025.

Employees & company milestones

Alphabet reported 190,820 employees at year-end 2025. Management highlighted Gemini 3’s launch, noting first-party models process over 10 billion tokens per minute via direct API and the Gemini App reached ~750M monthly active users.