Alphabet reported net income of $34.9bn for the third quarter of 2025 (Q3 2025), up 33% from $26.3bn in the same period last year.
The company’s earnings per share rose 35% to $2.87.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Consolidated revenues for Q3 2025 totalled $102.3bn, an increase of 16% year-over-year (YoY) and 15% on a constant currency basis from $88.2bn in Q3 2024.
Google Services generated $87.1bn, up 14%, supported by Google Search and other, Google subscriptions, platforms and devices, and YouTube advertising.
Google Cloud revenue grew 34% to $15.2bn, led by demand for Google Cloud Platform across core products, AI infrastructure, and generative AI solutions.
Total operating income increased 9% and the operating margin was 30.5%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataExcluding a $3.5bn charge tied to a European Commission fine, operating income increased 22% and the operating margin was 33.9%, driven by revenue growth and ongoing expense efficiencies.
Other income showed a net gain of $12.8bn, mainly from net unrealised gains on non-marketable equity securities.
The company said Google Search and other, YouTube ads, Google subscriptions, platforms and devices, and Google Cloud each delivered double-digit growth in the quarter.
With growth across its businesses and continued demand from Google Cloud customers, Alphabet now anticipates 2025 capital expenditures to be between $91bn and $93bn.
Alphabet and Google CEO Sundar Pichai said: “Alphabet had a terrific quarter, with double-digit growth across every major part of our business. We delivered our first-ever $100bn quarter.
“Our full stack approach to AI is delivering strong momentum and we’re shipping at speed, including the global rollout of AI Overviews and AI Mode in Search in record time. In addition to topping leaderboards, our first party models, like Gemini, now process seven billion tokens per minute, via direct API use by our customers.
“The Gemini App now has over 650 million monthly active users. We continue to drive strong growth in new businesses. Google Cloud accelerated, ending the quarter with $155bn in backlog. And we have over 300 million paid subscriptions led by Google One and YouTube Premium.”
