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Alphabet Inc. GOOGL Q2 2025 earnings

Reported July 23, 2025 · After market close

Revenue estimate$99.8B
EPS estimate$2.15

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$116.54B
EPS estimate$2.86

Financials

Q2 2025

Income statement

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Revenue$96.4B+13.8%
Gross profit$57.4B+16.6%
Operating income$31.3B+14.0%
Net income$28.2B+19.4%
EPS (diluted)$2.31+22.2%

Balance sheet

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Cash & equivalents$21.0B-22.7%
Total debt$41.7B+147%
Total equity$362.92B+20.7%
Total assets$502.05B+21.0%

Cash flow

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Operating cash flow$27.7B+4.2%
CapEx$22.4B+70.2%
Free cash flow$5.3B-60.6%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$2.04T-10.2%
Enterprise value$2.06T-8.9%
P/E17.6×-8.2×
P/S5.5×-1.4×

Profitability

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Gross margin58.9%+1.6pp
Operating margin32.7%+2.8pp
Net margin31.1%+4.4pp
FCF margin18%-0.5pp

Returns & leverage

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Return on equity34.8%+4.0pp
Debt / equity0.1×+0.1×
Current ratio1.9×-0.2×

Segments

By product

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Google advertising$71.3B+10.4%
Google Search & other$54.2B+11.7%
Google subscriptions, platforms, and devices$11.2B+20.3%
YouTube ads$9.8B+13.1%
Google Network$7.4B-1.2%

By segment

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Google Services$82.5B+11.7%
Google Cloud$13.6B+31.7%
Other Bets$373.0M+2.2%

By geography

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EMEA$28.3B+14.5%
APAC$16.5B+19.2%
Other Americas$5.7B+16.1%

Versus estimates

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Questions, answered.

When did Alphabet Inc. report Q2 2025 earnings?
Alphabet Inc. (GOOGL) reported Q2 2025 earnings on July 23, 2025 after market close.
What were Alphabet Inc.'s Q2 2025 revenue and EPS?
Alphabet Inc. reported revenue of $96.4B and diluted EPS of $2.31 for Q2 2025.
Did Alphabet Inc. beat estimates in Q2 2025?
Revenue missed the consensus estimate of $99.8B by $3.4B. EPS beat the consensus estimate of $2.15 by $0.16.
Where can I find Alphabet Inc.'s Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001652044-25-000062) directly on SEC EDGAR. The filing index links above go to sec.gov.