Q2 25 EPS
$2.31
BEAT +5.04%
Est. $2.20
Q2 25 Revenue
$96.43B
BEAT +2.61%
Est. $93.98B
vs S&P Since Q2 25
+84.7%
BEATING MARKET
GOOGL +98.3% vs S&P +13.6%
Market Reaction
Did GOOGL Beat Earnings? Q2 2025 Results
Alphabet closed out Q2 2025 with a commanding performance, posting diluted EPS of $2.31 against a consensus estimate of $2.20, a 5.04% beat, while revenue climbed 13.8% year over year to $96.43 billion, topping the $93.98 billion Wall Street had penc… Read more Alphabet closed out Q2 2025 with a commanding performance, posting diluted EPS of $2.31 against a consensus estimate of $2.20, a 5.04% beat, while revenue climbed 13.8% year over year to $96.43 billion, topping the $93.98 billion Wall Street had penciled in. The standout driver was Google Cloud, which surged 32% to $13.62 billion as enterprises raced to deploy AI infrastructure and generative AI solutions, pushing Cloud's annual revenue run-rate past the $50 billion mark. Google Search remained resilient at $54.19 billion, and YouTube ads rose to $9.80 billion, reinforcing the breadth of Alphabet's advertising engine. Net income grew 19% to $28.20 billion, with a 32.4% operating margin holding firm despite a legal settlement charge. Investors watching the stock closely ahead of the report will note that management also lifted its 2025 capital expenditure plan to roughly $85 billion, signaling that the company's AI infrastructure buildout is accelerating, not plateauing.
Key Takeaways
- • Double-digit revenue growth across Google Search, YouTube ads, subscriptions/platforms/devices, and Google Cloud
- • Google Cloud Platform growth led by core GCP products, AI Infrastructure, and Generative AI Solutions
- • Strong advertising momentum in Search and YouTube
- • Continued efficiencies in the expense base supporting operating margin
- • Other income boosted by $1.3 billion net gain on equity securities
GOOGL YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
GOOGL Revenue by Segment
With YoY comparisons, source: SEC Filings
GOOGL Revenue by Geography
With YoY comparisons, source: SEC Filings
“We had a standout quarter, with robust growth across the company. We are leading at the frontier of AI and shipping at an incredible pace. AI is positively impacting every part of the business, driving strong momentum. Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well. We continue to see strong performance in YouTube as well as subscriptions offerings. And Cloud had strong growth in revenues, backlog and profitability. Its annual revenue run-rate is now more than $50 billion. With this strong and growing demand for our Cloud products and services, we are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead.”
— Sundar Pichai, Q2 2025 Earnings Press Release
GOOGL Earnings Trends
GOOGL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GOOGL EPS Trend
Earnings per share: estimate vs actual
GOOGL Revenue Trend
Quarterly revenue: estimate vs actual
GOOGL Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $5.11 | — | $109.90B | +2.67% |
| Q4 25 BEAT FY | $2.63 | $2.82 | +7.22% | $113.83B | — |
| FY Full Year | $10.60 | $10.81 | +2.03% | $402.84B | +0.62% |
| Q3 25 BEAT | $2.27 | $2.87 | +26.70% | $102.35B | +2.20% |
| Q2 25 BEAT | $2.20 | $2.31 | +5.04% | $96.43B | +2.61% |
| Q1 25 BEAT | $2.01 | $2.81 | +39.75% | $90.23B | +1.21% |
| Q4 24 BEAT FY | $2.13 | $2.15 | +0.94% | $96.47B | — |
| FY Full Year | — | $8.04 | — | $350.02B | — |
| Q3 24 BEAT | $1.84 | $2.12 | +15.22% | $88.27B | +2.28% |
| Q2 24 BEAT | $1.84 | $1.89 | +2.72% | $84.74B | +0.65% |
| Q1 24 BEAT | $1.51 | $1.89 | +25.17% | $80.54B | +2.48% |
| Q4 23 BEAT FY | $1.59 | $1.64 | +3.14% | $86.31B | +1.15% |
| FY Full Year | — | $5.80 | — | $307.39B | — |
| Q1 23 BEAT | $1.06 | $1.17 | +10.38% | $69.79B | +1.31% |
| Q4 22 MISS FY | $1.18 | $1.05 | -11.02% | $76.05B | -0.63% |
| FY Full Year | — | $4.56 | — | $282.84B | — |