Alphabet Inc. (GOOGL) Q2 FY2026 Financial Statements: Revenue $119.80B, Net income $112.19B
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PeriodQ2 FY2026
Published
Alphabet Inc. reported $119.80 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 24.2% from a year earlier, and operating income of $40.77 billion, up 30.4%. Reported net income of $112.19 billion was up 297.9% and diluted EPS was $9.11, but the great majority of that gain sits below the operating line in unrealized marks on Alphabet's equity holdings rather than in the operating business. Google Cloud was the quarter's operating story, with revenue of $24.77 billion, up 81.8%, on enterprise AI and infrastructure demand and the first sales of TPU systems to customers running on-premises hardware.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $119,796,000,000 | up 24.2% |
| Net income | $112,193,000,000 | up 297.9% |
| Operating income | $40,770,000,000 | up 30.4% |
| Diluted EPS | $9.11 | up 294.4% |
| Google Cloud revenue | $24,768,000,000 | up 81.8% |
About this file
| Ticker | GOOGL |
|---|---|
| CIK | 0001652044 |
| Company | Alphabet Inc. |
| Business type | technology |
| Schema template | standard (internet/technology operating company): revenue and revenue mix, cost of revenues and operating expenses, operating and net income, per-share figures, balance sheet with cash/investments and debt, and cash flow with capital expenditures and free cash flow. Alphabet's reported segments (Google Services, Google Cloud, Other Bets) and revenue lines (Search, YouTube ads, Network, subscriptions/platforms/devices, Cloud) are carried through because the company manages and discloses the business that way. |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); share counts in actual shares; per-share figures in dollars per share |
GOOGL annual income statement, balance sheet and cash flow
| FY2023 | FY2024 | FY2025 | |
|---|---|---|---|
| Fiscal year | 2023 | 2024 | 2025 |
| Period start | 2023-01-01 | 2024-01-01 | 2025-01-01 |
| Period end | 2023-12-31 | 2024-12-31 | 2025-12-31 |
| Source accession | 0001652044-26-000018 | 0001652044-26-000018 | 0001652044-26-000018 |
| Source note | Income statement and cash flow taken from the three-year columns of the FY2025 10-K. That 10-K's balance sheet presents only December 31, 2024 and December 31, 2025, so no 2023 balance sheet is reported here. | ||
| Income statement | |||
| Revenue | 307,394,000,000 | 350,018,000,000 | 402,836,000,000 |
| Cost of revenue | 133,332,000,000 | 146,306,000,000 | 162,535,000,000 |
| Gross profit | 174,062,000,000 | 203,712,000,000 | 240,301,000,000 |
| Research and development | 45,427,000,000 | 49,326,000,000 | 61,087,000,000 |
| Sales and marketing | 27,917,000,000 | 27,808,000,000 | 28,693,000,000 |
| General and administrative | 16,425,000,000 | 14,188,000,000 | 21,482,000,000 |
| Total costs and expenses | 223,101,000,000 | 237,628,000,000 | 273,797,000,000 |
| Operating income | 84,293,000,000 | 112,390,000,000 | 129,039,000,000 |
| Other income expense net | 1,424,000,000 | 7,425,000,000 | 29,787,000,000 |
| Income before income taxes | 85,717,000,000 | 119,815,000,000 | 158,826,000,000 |
| Provision for income taxes | 11,922,000,000 | 19,697,000,000 | 26,656,000,000 |
| Net income | 73,795,000,000 | 100,118,000,000 | 132,170,000,000 |
| Basic EPS | 5.84 | 8.13 | 10.91 |
| Diluted EPS | 5.8 | 8.04 | 10.81 |
| Basic shares | 12,630,000,000 | 12,319,000,000 | 12,116,000,000 |
| Diluted shares | 12,722,000,000 | 12,447,000,000 | 12,230,000,000 |
| Revenue by type | |||
| Google search and other | 175,033,000,000 | 198,084,000,000 | 224,532,000,000 |
| YouTube ads | 31,510,000,000 | 36,147,000,000 | 40,367,000,000 |
| Google network | 31,312,000,000 | 30,359,000,000 | 29,792,000,000 |
| Google advertising total | 237,855,000,000 | 264,590,000,000 | 294,691,000,000 |
| Google subscriptions platforms and devices | 34,688,000,000 | 40,340,000,000 | 48,030,000,000 |
| Google services total | 272,543,000,000 | 304,930,000,000 | 342,721,000,000 |
| Google cloud | 33,088,000,000 | 43,229,000,000 | 58,705,000,000 |
| Other bets | 1,527,000,000 | 1,648,000,000 | 1,537,000,000 |
| Hedging gains losses | 236,000,000 | 211,000,000 | -127,000,000 |
| Total revenues | 307,394,000,000 | 350,018,000,000 | 402,836,000,000 |
| Segments | |||
| Google services | |||
| Revenue | 272,543,000,000 | 304,930,000,000 | 342,721,000,000 |
| Operating income | 95,858,000,000 | 121,263,000,000 | 139,404,000,000 |
| Google cloud | |||
| Revenue | 33,088,000,000 | 43,229,000,000 | 58,705,000,000 |
| Operating income | 1,716,000,000 | 6,112,000,000 | 13,910,000,000 |
| Other bets | |||
| Revenue | 1,527,000,000 | 1,648,000,000 | 1,537,000,000 |
| Operating income | -4,095,000,000 | -4,444,000,000 | -7,515,000,000 |
| Hedging gains losses | |||
| Revenue | 236,000,000 | 211,000,000 | -127,000,000 |
| Operating income | n/a | n/a | n/a |
| Alphabet level activities | |||
| Revenue | n/a | n/a | n/a |
| Operating income | -9,186,000,000 | -10,541,000,000 | -16,760,000,000 |
| Total | |||
| Revenue | 307,394,000,000 | 350,018,000,000 | 402,836,000,000 |
| Operating income | 84,293,000,000 | 112,390,000,000 | 129,039,000,000 |
| Balance sheet | |||
| Total assets | n/a | 450,256,000,000 | 595,281,000,000 |
| Total debt | n/a | 15,859,000,000 | 51,043,000,000 |
| Total equity | n/a | 325,084,000,000 | 415,265,000,000 |
| Note | Not presented in the FY2025 10-K, which shows balance sheets only as of December 31, 2024 and December 31, 2025. | ||
| Cash and cash equivalents | 23,466,000,000 | 30,708,000,000 | |
| Marketable securities | 72,191,000,000 | 96,135,000,000 | |
| Total cash equivalents and marketable securities | 95,657,000,000 | 126,843,000,000 | |
| Accounts receivable net | 52,340,000,000 | 62,886,000,000 | |
| Total current assets | 163,711,000,000 | 206,038,000,000 | |
| Non marketable securities | 37,982,000,000 | 68,687,000,000 | |
| Property and equipment net | 171,036,000,000 | 246,597,000,000 | |
| Goodwill | 31,885,000,000 | 33,380,000,000 | |
| Total current liabilities | 89,122,000,000 | 102,745,000,000 | |
| Long term debt | 10,883,000,000 | 46,547,000,000 | |
| Current portion of long term notes | 999,000,000 | 1,996,000,000 | |
| Commercial paper | 2,300,000,000 | 0 | |
| Finance lease liabilities | 1,677,000,000 | 2,500,000,000 | |
| Operating lease liabilities total | 14,578,000,000 | 15,954,000,000 | |
| Total liabilities | 125,172,000,000 | 180,016,000,000 | |
| Shares issued and outstanding | 12,211,000,000 | 12,088,000,000 | |
| Cash flow | |||
| Operating cash flow | 101,746,000,000 | 125,299,000,000 | 164,713,000,000 |
| Capex | 32,251,000,000 | 52,535,000,000 | 91,447,000,000 |
| Free cash flow | 69,495,000,000 | 72,764,000,000 | 73,266,000,000 |
| Dividends paid | 0 | 7,363,000,000 | 10,049,000,000 |
| Share repurchases | 61,504,000,000 | 62,222,000,000 | 45,709,000,000 |
| Depreciation of property and equipment | 11,946,000,000 | 15,311,000,000 | 21,136,000,000 |
| Stock based compensation | 22,460,000,000 | 22,785,000,000 | 24,953,000,000 |
GOOGL quarterly income statement, balance sheet and cash flow
| 2025-06-30 | 2026-06-30 | |
|---|---|---|
| Period start | 2025-04-01 | 2026-04-01 |
| Period end | 2025-06-30 | 2026-06-30 |
| Period label | Q2 2025 (three months ended June 30, 2025) | Q2 2026 (three months ended June 30, 2026) |
| Period type | three months | three months |
| Source accession | 0001652044-26-000071 | 0001652044-26-000071 |
| Source note | Prior-year comparative column of the quarterly report for the quarter ended June 30, 2026. | |
| Income statement | ||
| Revenue | 96,428,000,000 | 119,796,000,000 |
| Cost of revenue | 39,039,000,000 | 45,943,000,000 |
| Gross profit | 57,389,000,000 | 73,853,000,000 |
| Research and development | 13,808,000,000 | 18,219,000,000 |
| Sales and marketing | 7,101,000,000 | 8,403,000,000 |
| General and administrative | 5,209,000,000 | 6,461,000,000 |
| Total costs and expenses | 65,157,000,000 | 79,026,000,000 |
| Operating income | 31,271,000,000 | 40,770,000,000 |
| Other income expense net | 2,662,000,000 | 97,983,000,000 |
| Income before income taxes | 33,933,000,000 | 138,753,000,000 |
| Provision for income taxes | 5,737,000,000 | 26,560,000,000 |
| Net income | 28,196,000,000 | 112,193,000,000 |
| Preferred stock dividends | 0 | 86,000,000 |
| Net income available to common stockholders | 28,196,000,000 | 112,107,000,000 |
| Basic EPS | 2.33 | 9.23 |
| Diluted EPS | 2.31 | 9.11 |
| Basic shares | 12,122,000,000 | 12,151,000,000 |
| Diluted shares | 12,198,000,000 | 12,309,000,000 |
| Revenue by type | ||
| Google search and other | 54,190,000,000 | 63,271,000,000 |
| YouTube ads | 9,796,000,000 | 11,055,000,000 |
| Google network | 7,354,000,000 | 7,303,000,000 |
| Google advertising total | 71,340,000,000 | 81,629,000,000 |
| Google subscriptions platforms and devices | 11,203,000,000 | 12,911,000,000 |
| Google services total | 82,543,000,000 | 94,540,000,000 |
| Google cloud | 13,624,000,000 | 24,768,000,000 |
| Other bets | 373,000,000 | 382,000,000 |
| Hedging gains losses | -112,000,000 | 106,000,000 |
| Total revenues | 96,428,000,000 | 119,796,000,000 |
| Segments | ||
| Google services | ||
| Revenue | 82,543,000,000 | 94,540,000,000 |
| Operating income | 33,063,000,000 | 39,544,000,000 |
| Google cloud | ||
| Revenue | 13,624,000,000 | 24,768,000,000 |
| Operating income | 2,826,000,000 | 8,814,000,000 |
| Other bets | ||
| Revenue | 373,000,000 | 382,000,000 |
| Operating income | -1,246,000,000 | -1,799,000,000 |
| Hedging gains losses | ||
| Revenue | -112,000,000 | 106,000,000 |
| Operating income | n/a | n/a |
| Alphabet level activities | ||
| Revenue | n/a | n/a |
| Operating income | -3,372,000,000 | -5,789,000,000 |
| Total | ||
| Revenue | 96,428,000,000 | 119,796,000,000 |
| Operating income | 31,271,000,000 | 40,770,000,000 |
| Balance sheet | ||
| Cash and cash equivalents | 55,911,000,000 | |
| Marketable securities | 186,563,000,000 | |
| Total cash equivalents and marketable securities | 242,474,000,000 | |
| Accounts receivable net | 69,175,000,000 | |
| Inventory | 9,991,000,000 | |
| Total current assets | 343,524,000,000 | |
| Non marketable securities | 131,461,000,000 | |
| Property and equipment net | 321,212,000,000 | |
| Goodwill | 57,828,000,000 | |
| Intangible assets net | 9,105,000,000 | |
| Total assets | 921,983,000,000 | |
| Total current liabilities | 126,111,000,000 | |
| Long term debt | 98,165,000,000 | |
| Current portion of long term notes | 1,999,000,000 | |
| Commercial paper | 0 | |
| Finance lease liabilities | 2,590,000,000 | |
| Total debt | 102,754,000,000 | |
| Operating lease liabilities total | 18,037,000,000 | |
| Total liabilities | 281,503,000,000 | |
| Preferred stock and additional paid in capital | 18,023,000,000 | |
| Total equity | 640,480,000,000 | |
| Shares issued and outstanding | 12,230,000,000 | |
| Capital expenditures for the quarter | 44,924,000,000 | |
| Capital expenditures note | The quarterly report for this period presents its cash flow statement on a six-month basis. These three-month figures come from the free cash flow reconciliation in Alphabet's Q2 2026 earnings release, furnished as Exhibit 99.1 to the Form 8-K filed July 22, 2026 (accession 0001652044-26-000066), which states net cash provided by operating activities of $39,069 million less purchases of property and equipment of $44,924 million, giving free cash flow of $(5,855) million for the quarter. The same reconciliation's quarterly columns sum to the six-month totals in the quarterly report. | |
| Operating cash flow for the quarter | 39,069,000,000 | |
| Free cash flow for the quarter | -5,855,000,000 | |
| Quarterly cash flow source accession | 0001652044-26-000066 | |
GOOGL year-to-date income statement and cash flow
| 2025-06-30 | 2026-06-30 | |
|---|---|---|
| Period start | 2025-01-01 | 2026-01-01 |
| Period end | 2025-06-30 | 2026-06-30 |
| Period label | Six months ended June 30, 2025 | Six months ended June 30, 2026 |
| Source accession | 0001652044-26-000071 | 0001652044-26-000071 |
| Income statement | ||
| Revenue | 186,662,000,000 | 229,692,000,000 |
| Cost of revenue | 75,400,000,000 | 87,214,000,000 |
| Gross profit | 111,262,000,000 | 142,478,000,000 |
| Research and development | 27,364,000,000 | 35,251,000,000 |
| Sales and marketing | 13,273,000,000 | 16,009,000,000 |
| General and administrative | 8,748,000,000 | 10,752,000,000 |
| Operating income | 61,877,000,000 | 80,466,000,000 |
| Other income expense net | 13,845,000,000 | 135,699,000,000 |
| Income before income taxes | 75,722,000,000 | 216,165,000,000 |
| Provision for income taxes | 12,986,000,000 | 41,394,000,000 |
| Net income | 62,736,000,000 | 174,771,000,000 |
| Net income available to common stockholders | 62,736,000,000 | 174,685,000,000 |
| Basic EPS | 5.16 | 14.41 |
| Diluted EPS | 5.12 | 14.24 |
| Basic shares | 12,153,000,000 | 12,125,000,000 |
| Diluted shares | 12,245,000,000 | 12,274,000,000 |
| Preferred stock dividends | 86,000,000 | |
| Revenue by type | ||
| Google search and other | 104,892,000,000 | 123,670,000,000 |
| YouTube ads | 18,723,000,000 | 20,938,000,000 |
| Google network | 14,610,000,000 | 14,274,000,000 |
| Google advertising total | 138,225,000,000 | 158,882,000,000 |
| Google subscriptions platforms and devices | 21,582,000,000 | 25,295,000,000 |
| Google services total | 159,807,000,000 | 184,177,000,000 |
| Google cloud | 25,884,000,000 | 44,796,000,000 |
| Other bets | 823,000,000 | 793,000,000 |
| Hedging gains losses | 148,000,000 | -74,000,000 |
| Total revenues | 186,662,000,000 | 229,692,000,000 |
| Segments | ||
| Google services | ||
| Revenue | 159,807,000,000 | 184,177,000,000 |
| Operating income | 65,745,000,000 | 80,133,000,000 |
| Google cloud | ||
| Revenue | 25,884,000,000 | 44,796,000,000 |
| Operating income | 5,003,000,000 | 15,412,000,000 |
| Other bets | ||
| Revenue | 823,000,000 | 793,000,000 |
| Operating income | -2,472,000,000 | -3,899,000,000 |
| Hedging gains losses | ||
| Revenue | 148,000,000 | -74,000,000 |
| Operating income | n/a | n/a |
| Alphabet level activities | ||
| Revenue | n/a | n/a |
| Operating income | -6,399,000,000 | -11,180,000,000 |
| Total | ||
| Revenue | 186,662,000,000 | 229,692,000,000 |
| Operating income | 61,877,000,000 | 80,466,000,000 |
| Cash flow | ||
| Operating cash flow | 63,897,000,000 | 84,859,000,000 |
| Capex | 39,643,000,000 | 80,598,000,000 |
| Free cash flow | 24,254,000,000 | 4,261,000,000 |
| Dividends paid | 4,977,000,000 | 5,231,000,000 |
| Share repurchases | 28,306,000,000 | 0 |
| Depreciation of property and equipment | 9,485,000,000 | 13,586,000,000 |
| Stock based compensation | 11,514,000,000 | 14,708,000,000 |
| Proceeds from issuance of debt net | 31,378,000,000 | 56,226,000,000 |
| Repayments of debt | 18,397,000,000 | 5,253,000,000 |
| Acquisitions net of cash and intangibles | 353,000,000 | 33,697,000,000 |
| Proceeds from issuance of common stock net | 30,499,000,000 | |
| Proceeds from issuance of mandatory convertible preferred stock net | 19,063,000,000 | |
GOOGL trailing twelve month income statement and cash flow
| 2026-06-30 | |
|---|---|
| Period end | 2026-06-30 |
| Derivation | Revenue and income: fiscal year 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Operating cash flow, capital expenditures and free cash flow are as presented in the trailing-twelve-month column of the Q2 2026 earnings release free cash flow reconciliation. |
| Source accessions | 0001652044-26-000018; 0001652044-26-000071; 0001652044-26-000066 |
| Revenue | 445,866,000,000 |
| Operating income | 147,628,000,000 |
| Net income | 244,205,000,000 |
| Net income available to common stockholders | 244,119,000,000 |
| Operating cash flow | 185,675,000,000 |
| Capex | 132,402,000,000 |
| Free cash flow | 53,273,000,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| Splits note | Alphabet's only stock split on record is the 20-for-1 forward split effective July 18, 2022. Every period reported here ends after that date, and the filings already present all share counts and per-share amounts on the post-split basis, so no split adjustment was needed. |
| ADR ratio | n/a |
| FX | None applied. Alphabet reports in US dollars, so no currency conversion was required. The company does issue debt in euros, sterling, Swiss francs, Canadian dollars and yen; those balances are already translated into US dollars in the filings' own debt tables. |
Capital structure and transactions
- June 4, 2026 equity offering: Alphabet sold 29 million Class A shares at $355.1982 and 29 million Class C shares at $351.8018 in an underwritten public offering, and concurrently placed 14 million Class A and 14 million Class C shares privately with an affiliate of Berkshire Hathaway Inc. Net proceeds were $20.5 billion from the public offering and $10.0 billion from the private placement (quarterly report for the quarter ended June 30, 2026, accession 0001652044-26-000071).
- June 5, 2026 preferred issuance: 385 million Series A and Series B depositary shares representing 19 million shares of 6.25% mandatory convertible preferred stock, liquidation preference $1,000 per share, for aggregate net proceeds of $19.0 billion. The shares convert on or about May 15, 2029 at a rate of 2.2520 to 2.8160 Class A shares (Series A) and 2.2740 to 2.8420 Class C shares (Series B). Alphabet paid a $1.0 billion premium for capped call transactions to limit the dilution, recorded as a reduction of equity (same filing).
- At-the-market program: on June 1, 2026 Alphabet entered an equity distribution agreement to sell up to $40.0 billion of Class A and Class C stock over time, primarily to fund tax obligations on employee equity grants. No shares had been sold under it as of June 30, 2026 (same filing).
- Acquisitions: Wiz closed March 11, 2026 for $29.5 billion, allocated to $8.3 billion of intangible assets and $22.7 billion of goodwill within the Google Cloud segment; Intersect, a renewable energy developer, closed March 10, 2026 for $5.9 billion. Together they are the main reason goodwill rose from $33.4 billion to $57.8 billion in the first half of 2026 (same filing).
- Pending divestiture: in March 2026 Alphabet agreed to contribute its GFiber ownership interest to a newly formed entity in exchange for $1.5 billion of cash, a $2.0 billion note receivable and a 49.99% equity interest, expected to close in late 2026. GFiber is classified as held for sale, with $7.1 billion of property and equipment reported in other current assets as of June 30, 2026 (same filing).
- Dividends: the quarterly common dividend was raised to $0.22 per share in April 2026 from $0.21. In July 2026 the board declared a $0.22 per common share dividend payable September 14, 2026 and a $12.15 per share dividend on each series of mandatory convertible preferred stock payable August 15, 2026 (same filing).
- Buybacks: no Class A or Class C shares were repurchased in the three or six months ended June 30, 2026. Of the $70.0 billion repurchase authorization approved in April 2025, $69.5 billion remained available as of June 30, 2026 (same filing).
- Debt: during the first half of 2026 Alphabet issued $20.0 billion of US dollar notes plus $31.8 billion equivalent of sterling, Swiss franc, euro, Canadian dollar and yen notes. Face value of long-term debt rose from $49.1 billion at December 31, 2025 to $101.1 billion at June 30, 2026 (same filing).
Selected operating metrics
| Value | |
|---|---|
| Employees 2025 12 31 | 190,820 |
| Employees 2026 06 30 | 198,933 |
| Revenue backlog 2026 06 30 | 519,500,000,000 |
| Revenue backlog google cloud 2026 06 30 | 513,900,000,000 |
| Revenue backlog note | Remaining performance obligations as of June 30, 2026, of which the company expects to recognize just over 50% as revenue within 24 months. In the first quarter of 2026 Alphabet began including contracts with an original expected term of one year or less in this measure, so it is not directly comparable with backlog disclosed before 2026 (quarterly report accession 0001652044-26-000071). |
| US share of revenue 2025 | 48% |
| US share of revenue q2 2026 | 51% |
Notes
- The annual and quarterly statement figures come from two filings: the FY2025 annual report on Form 10-K filed February 5, 2026 (accession 0001652044-26-000018) and the quarterly report on Form 10-Q for the quarter ended June 30, 2026 filed July 23, 2026 (accession 0001652044-26-000071). The three-month cash flow figures for the June 2026 quarter come from a third source, Alphabet's Q2 2026 earnings release furnished as Exhibit 99.1 to the Form 8-K filed July 22, 2026 (accession 0001652044-26-000066), because the quarterly report presents cash flow only on a six-month basis. No earlier filings were used, so annual history runs 2023-2025 for the income statement and cash flow and 2024-2025 for the balance sheet, which is exactly what the FY2025 10-K's own statement columns present.
- Every statement in both filings is labeled in millions (per-share amounts in dollars, share counts in millions). All dollar amounts here are converted to actual dollars and all share counts to actual shares.
- Gross profit is not a line item on Alphabet's income statement. It is computed here as revenues less cost of revenues, using the filings' own figures.
- Total debt is built from the filings' debt and lease notes rather than a single balance sheet line, because Alphabet reports the current portion of its notes inside accrued expenses and other current liabilities. For December 31, 2025 it is $46.5 billion of long-term debt plus $2.0 billion current portion of long-term notes plus $2.5 billion of finance lease liabilities, with no commercial paper outstanding, totaling $51.0 billion. For June 30, 2026 it is $98.2 billion plus $2.0 billion plus $2.6 billion, totaling $102.8 billion. For December 31, 2024 it is $10.9 billion plus $1.0 billion current portion plus $2.3 billion of commercial paper plus $1.7 billion of finance leases, totaling $15.9 billion. Operating lease liabilities ($16.0 billion at December 31, 2025 and $18.0 billion at June 30, 2026) are reported separately and are not included in total debt.
- The FY2025 10-K and the June 2026 10-Q present the December 31, 2025 balance sheet with slightly different groupings; the 10-Q breaks out inventory, intangible assets and non-current deferred income taxes that the 10-K included within other assets and other liabilities. The totals are identical, and this file uses each filing's own presentation for its own period.
- Other income (expense), net is unusually large in fiscal 2025 and especially in 2026. It is dominated by unrealized marks on equity investments rather than operations: $99.0 billion of net gains on equity securities in the June 2026 quarter and $135.9 billion in the first half of 2026, of which $77.5 billion and $114.2 billion respectively were gross unrealized gains on non-marketable equity securities carried under the measurement alternative. The FY2025 10-K's subsequent-event note flagged roughly $32.0 billion of such unrealized gains recognized in January 2026. Operating income is the cleaner read on the underlying business.
- The quarterly report presents its cash flow statement only for the six months ended June 30, so the cash flow statement figures appear here under the year-to-date section rather than per quarter. Three-month operating cash flow, capital expenditures and free cash flow for the June 2026 quarter are taken from the free cash flow reconciliation in Alphabet's Q2 2026 earnings release, furnished as Exhibit 99.1 to the Form 8-K filed July 22, 2026 (accession 0001652044-26-000066).
- Per-share amounts reflect Alphabet's two-class method across Class A, Class B and Class C stock; the consolidated column of the earnings-per-share note is used throughout. From the June 2026 quarter, diluted earnings per common share also reflect the if-converted effect of the mandatory convertible preferred stock, and the numerator is net income less preferred dividends.
- Free cash flow is defined here as operating cash flow less purchases of property and equipment. It is not a line item in the filings.
Uncertainties
- No balance sheet is reported for fiscal 2023 because the FY2025 10-K presents balance sheets only as of December 31, 2024 and December 31, 2025.
- Total debt is a constructed subtotal. Alphabet does not present a 'total debt' line, so the definition used here (notes payable including the current portion, commercial paper, and finance lease liabilities, excluding operating leases) is one reasonable reading; sources that include operating lease liabilities will show a larger figure.
- The $1.3 billion drawn under Alphabet's credit facilities as of June 30, 2026 is captured in the total debt figure reported here. The long-term debt table adds an 'other long-term debt' line that goes from zero at December 31, 2025 to $1,686 million at June 30, 2026, and that line sits within the $101,085 million total face value of long-term debt and therefore within the $98,165 million carrying amount on the balance sheet. Total debt is not understated on this account.
- The Wiz purchase price allocation is described as preliminary in the filing and may be revised in later periods.
- Trailing-twelve-month revenue and income are derived by arithmetic (fiscal year 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025) rather than reported as such by the company. The trailing-twelve-month cash flow figures are not derived: operating cash flow of $185,675 million, capital expenditures of $132,402 million and free cash flow of $53,273 million are stated in the trailing-twelve-month column of the free cash flow reconciliation in the Q2 2026 earnings release (accession 0001652044-26-000066).
Company details
| Value | |
|---|---|
| Name | Alphabet Inc. |
| Ticker | GOOGL |
| CIK | 0001652044 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | Delaware |
| SIC | 7370 |
| Office | Technology |
| Industry | Services-Computer Programming, Data Processing, Etc. |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001652044-26-000071 |
| Fiscal year end | 1231 |
| Source | facts |
FAQ · Alphabet financial statements
How much revenue did Alphabet report in Q2 FY2026?
Alphabet Inc. reported $119.80 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 24.2% from $96.43 billion in the same quarter a year earlier.
What was Alphabet's net income in Q2 FY2026?
Alphabet Inc. reported net income of $112.19 billion for Q2 FY2026, up 297.9% from $28.20 billion a year earlier, and diluted EPS of $9.11 against $2.31. Most of the increase came from unrealized gains on equity investments recorded below the operating line, so operating income of $40.77 billion is the better measure of the operating business.
How fast is Google Cloud growing?
Google Cloud revenue reached $24.77 billion in Q2 FY2026, up 81.8% from $13.62 billion a year earlier, making it the fastest-growing part of Alphabet Inc. and a larger share of a total $119.80 billion in company revenue.
What was Alphabet's operating income in Q2 FY2026?
Alphabet Inc. reported operating income of $40.77 billion for Q2 FY2026, up 30.4% from $31.27 billion a year earlier, on revenue of $119.80 billion.
Where can I get Alphabet Inc. (GOOGL) financial data in machine-readable form?
Ticker Scout publishes Alphabet Inc.'s financial statements as JSON at https://tickerscout.ai/googl/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/googl/narrative.md and https://tickerscout.ai/googl/events.md. Alphabet Inc.'s SEC CIK is 0001652044. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Alphabet Inc. (GOOGL) next file with the SEC?
Alphabet Inc. (GOOGL) is expected to file its next Form 10-Q with the SEC on or around October 29, 2026. That date is a projection rather than a company-announced date: it is derived from Alphabet Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001652044-26-000071.
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How this page was built
This page was built from three of Alphabet Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names five such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer
Built from Alphabet Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.