Revenue: As of FY2026 Q2, the actual value is USD 96.64 B.

EPS: As of FY2026 Q2, the actual value is USD 2.45.

EBIT: As of FY2026 Q2, the actual value is USD 34.85 B.

Consolidated Financial Performance (Q2 2026 vs Q2 2025)

• Consolidated ALPHABET INC. revenues increased 24% year-over-year (23% in constant currency) to $119.796 billion in Q2 2026, up from $96.428 billion in Q2 2025, marking the 12th consecutive quarter of double-digit revenue growth.
• Consolidated ALPHABET INC. operating income increased 30% to $40.770 billion in Q2 2026, compared to $31.271 billion in Q2 2025.
• The operating margin expanded by 2 percentage points to 34% in Q2 2026, up from 32% in Q2 2025.
• Net income available to common stockholders increased 298% to $112.107 billion in Q2 2026, compared to $28.196 billion in Q2 2025.
• Other income (expense), net, was $97.983 billion in Q2 2026, significantly higher than $2.662 billion in Q2 2025.
• This net gain was primarily due to $99.031 billion in net unrealized gains on equity securities in Q2 2026, compared to $1.286 billion in Q2 2025.

Segment Revenues (Q2 2026 vs Q2 2025)

• Google Services: Revenues increased 15% to $94.540 billion in Q2 2026 from $82.543 billion in Q2 2025.
  • Google Search & other: $63.271 billion in Q2 2026, up from $54.190 billion in Q2 2025.
  • YouTube ads: $11.055 billion in Q2 2026, up from $9.796 billion in Q2 2025.
  • Google subscriptions, platforms, and devices: $12.911 billion in Q2 2026, up from $11.203 billion in Q2 2025.
• Google Cloud: Revenues increased 82% to $24.768 billion in Q2 2026 from $13.624 billion in Q2 2025, driven by increased Google Cloud Platform (GCP) across enterprise AI Solutions, enterprise AI Infrastructure, and core GCP services.
• Other Bets: Revenues were $382 million in Q2 2026, compared to $373 million in Q2 2025.
• Hedging gains (losses): $106 million in Q2 2026, compared to -$112 million in Q2 2025.

Segment Operating Income (Loss) (Q2 2026 vs Q2 2025)

• Google Services: Operating income was $39.544 billion in Q2 2026, up from $33.063 billion in Q2 2025.
• Google Cloud: Operating income was $8.814 billion in Q2 2026, up from $2.826 billion in Q2 2025.
• Other Bets: Operating loss was -$1.799 billion in Q2 2026, compared to -$1.246 billion in Q2 2025.
• Alphabet-level activities: Operating loss was -$5.789 billion in Q2 2026, compared to -$3.372 billion in Q2 2025, primarily reflecting expenses for shared AI research and development.

Geographic Revenues (Q2 2026 vs Q2 2025)

• United States: Revenues grew 32% to $60.846 billion.
• EMEA: Revenues grew 15% to $32.501 billion (12% in constant currency).
• APAC: Revenues grew 17% to $19.317 billion (19% in constant currency).
• Other Americas: Revenues grew 23% to $7.026 billion (17% in constant currency).

Cash Flow (Q2 2026)

• Net cash provided by operating activities was $39.069 billion.
• Purchases of property and equipment were -$44.924 billion.
• Free cash flow was -$5.855 billion for Q2 2026.
• For the trailing twelve months (TTM) ended Q2 2026, free cash flow was $53.273 billion.

Capital Activities

• In June 2026, the company issued Class A and Class C stock, and mandatory convertible preferred stock, raising $49.6 billion in net proceeds for general corporate purposes, including scaling AI infrastructure.
• The company also issued senior unsecured notes for net proceeds of $20.3 billion in Q2 2026, for general corporate purposes.

Operational Metrics

• Traffic Acquisition Costs (TAC) were $16.179 billion in Q2 2026, up from $14.705 billion in Q2 2025.
• The number of employees increased to 198,933 in Q2 2026 from 187,103 in Q2 2025.

Outlook / Guidance

• ALPHABET INC.’s Board of Directors declared a quarterly cash dividend of $12.15 per share on Series A and Series B mandatory convertible preferred stock, payable on August 15, 2026.
• A quarterly cash dividend of $0.22 per share on Class A, Class B, and Class C stock was also declared, payable on September 14, 2026.
• The company anticipates using proceeds from an At-the-Market Program, under which no shares have been sold as of June 30, 2026, primarily to meet tax obligations associated with employee equity grants.