Q3 25 EPS
$2.87
BEAT +26.70%
Est. $2.27
Q3 25 Revenue
$102.35B
BEAT +2.20%
Est. $100.14B
vs S&P Since Q3 25
+25.4%
BEATING MARKET
GOOGL +31.4% vs S&P +6.0%
Market Reaction
Did GOOGL Beat Earnings? Q3 2025 Results
Alphabet closed Q3 2025 with a landmark quarter, becoming the first company in its history to cross $100 billion in quarterly revenue as it reported $102.35 billion in sales, up 15.9% year over year and ahead of the $100.14 billion consensus, while e… Read more Alphabet closed Q3 2025 with a landmark quarter, becoming the first company in its history to cross $100 billion in quarterly revenue as it reported $102.35 billion in sales, up 15.9% year over year and ahead of the $100.14 billion consensus, while earnings per share of $2.87 cleared the $2.27 analyst estimate by 26.70%, a result that had investors watching closely heading into the print. The primary engine behind the headline beat was Google Cloud, which accelerated to 34% revenue growth, reaching $15.16 billion for the quarter and nearly doubling its operating income to $3.59 billion, while YouTube ads crossed $10 billion in a single quarter for the first time. Net income surged 33% to $34.98 billion, aided by $10.73 billion in equity securities gains. Looking ahead, Alphabet raised its full-year capital expenditure guidance to a range of $91 billion to $93 billion, signaling deepening commitment to AI infrastructure as Google Cloud closed the quarter with $155 billion in backlog.
Key Takeaways
- • Double-digit growth across Google Search & other, YouTube ads, Google subscriptions/platforms/devices, and Google Cloud
- • Google Cloud accelerated to 34% revenue growth driven by GCP core products, AI Infrastructure, and Generative AI Solutions
- • Google Cloud backlog reached $155 billion
- • Over 300 million paid subscriptions led by Google One and YouTube Premium
- • Net unrealized gains on non-marketable equity securities of $10.7 billion boosted other income
- • U.S. tax law changes allowing immediate expensing of domestic R&E costs benefited operating cash flows
GOOGL YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
GOOGL Revenue by Segment
With YoY comparisons, source: SEC Filings
GOOGL Revenue by Geography
With YoY comparisons, source: SEC Filings
“Alphabet had a terrific quarter, with double-digit growth across every major part of our business. We delivered our first-ever $100 billion quarter.”
— Sundar Pichai, Q3 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 | — |