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Alphabet Inc. GOOGL Q1 2026 earnings

Reported July 22, 2026 · After market close

Revenue$119.80BBeat by $2.7B
EPS$9.11Beat by $6.47
Revenue estimate$117.07B
EPS estimate$2.64
“2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business. Search had a strong quarter with AI experiences driving usage, queries at an all time high, and 19% revenue growth. Google Cloud revenues grew 63% with backlog nearly doubling quarter on quarter to over $460 billion. This was our strongest quarter ever for our consumer AI plans, driven by the Gemini App. Overall the number of paid subscriptions has now reached 350 million, with YouTube and Google One being the key drivers. Gemini Enterprise has great momentum with 40% quarter on quarter growth in paid monthly active users. And, finally, I’m pleased to see Waymo surpass 500,000 fully autonomous rides a week.
Sundar Pichai

Next report

Oct 28, 2026 (in 2 months)
Revenue estimate$126.66B
EPS estimate$3.02

Financials

Q1 2026

Income statement

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Revenue$109.90B+21.8%
Gross profit$68.6B+27.4%
Operating income$39.7B+29.7%
Net income$62.6B+81.2%
EPS (diluted)$5.11+81.9%

Balance sheet

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Cash & equivalents$38.1B+63.6%
Total debt$97.9B+456%
Total equity$478.75B+38.7%
Total assets$703.92B+48.1%

Cash flow

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Operating cash flow$45.8B+26.7%
CapEx$35.7B+107%
Free cash flow$10.1B-46.6%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$3.47T+82.2%
Enterprise value$3.53T+85.9%
P/E21.7×+4.5×
P/S8.2×+2.9×

Profitability

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Gross margin60.4%+1.8pp
Operating margin32.7%0.0pp
Net margin37.9%+7.1pp
FCF margin15.2%-5.6pp

Returns & leverage

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Return on equity38.9%+4.1pp
Debt / equity0.2×+0.2×
Current ratio1.9×+0.2×

Segments

By product

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Google advertising$77.3B+15.5%
Google Search & other$60.4B+19.1%
Google subscriptions, platforms, and devices$12.4B+19.3%
YouTube ads$9.9B+10.7%
Google Network$7.0B-3.9%

By segment

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Google Services$89.6B+16.0%
Google Cloud$20.0B+63.4%
Other Bets$411.0M-8.7%

By geography

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EMEA$31.5B+21.4%
APAC$18.3B+23.1%
Other Americas$6.3B+21.2%

FAQ

When did Alphabet Inc. report Q1 2026 earnings?
Alphabet Inc. (GOOGL) reported Q1 2026 earnings on July 22, 2026 after market close.
What were Alphabet Inc.'s Q1 2026 revenue and EPS?
Alphabet Inc. reported revenue of $119.80B and eps of $9.11 for Q1 2026.
Did Alphabet Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $117.07B by $2.7B. EPS beat the consensus estimate of $2.64 by $6.47.
How did Alphabet Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 32.8% from $90.2B a year earlier and eps grew 224.2% from $2.81.
Where can I find Alphabet Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001652044-26-000066) and the 10-Q periodic report (0001652044-26-000048) directly on SEC EDGAR. The filing index links above go to sec.gov.