greeksoup/ stock research
Stock research / United States / GOOG / Q3 FY2025

Alphabet (GOOG) Q3 FY2025 earnings: revenue $102.3 billion, up 15.9% on the year

Alphabet Inc. (GOOG) reported revenue of $102.3 billion for Q3 FY2025, the quarter ended 30 September 2025, up 15.9% on the same quarter a year earlier. Net income was $35.0 billion, up 33.0% on the year, and diluted earnings per share $2.87. The figures are the company's own, from the 10-Q it filed with the SEC on 30 October 2025.

Revenue
$102.3 billion
+15.9% on the year · +6.1% on the quarter
Q4 FY2023Q3 FY2025
Operating margin
30.5%
32.3% a year earlier
Q4 FY2023Q3 FY2025
Net income
$35.0 billion
+33.0% on the year · +24.1% on the quarter
Q4 FY2023Q3 FY2025
Diluted EPS
$2.87
+35.4% on the year · +24.2% on the quarter
Q4 FY2023Q3 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ3 FY2025Q2 FY2025Q3 FY2024On the quarterOn the yearLast 8 quarters
Revenue102,34696,42888,268+6.1%+15.9%
Cost of revenue41,36939,03936,474+6.0%+13.4%
Gross profit60,97757,38951,794+6.3%+17.7%
Gross margin59.6%59.5%58.7%
Research and development15,15113,80812,447+9.7%+21.7%
Operating income31,22831,27128,521-0.1%+9.5%
Operating margin30.5%32.4%32.3%
Interest expense14326154.0-45.2%+164.8%
Pre-tax income43,98733,93331,706+29.6%+38.7%
Income tax9,0085,7375,405+57.0%+66.7%
Effective tax rate20.5%16.9%17.0%
Net income34,97928,19626,301+24.1%+33.0%
Net margin34.2%29.2%29.8%
Diluted EPS$2.87$2.31$2.12+24.2%+35.4%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2025Q2 FY2025Q3 FY2024On the quarterOn the yearLast 8 quarters
Operating cash flow48,41427,74730,698+74.5%+57.7%
Capital expenditure23,95322,44613,061+6.7%+83.4%
Free cash flow24,4615,30117,637+361.4%+38.7%
Free cash flow margin23.9%5.5%20.0%
Cash from investing-27,777-24,544-18,011
Cash from financing-18,383-5,832-20,094
Depreciation and amortisation5,7405,122n/a+12.1%
Share-based compensation6,4006,0005,900+6.7%+8.5%
Buybacks11,50413,63815,291-15.6%-24.8%
Dividends paid2,5362,5432,455-0.3%+3.3%
Dividend per share$0.21$0.21$0.200.0%+5.0%
Diluted shares, weighted12,203m12,198m12,419m+0.0%-1.7%
Shares outstanding at period end12,077m12,104m12,264m-0.2%-1.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2025Q2 FY2025Q3 FY2024On the quarterOn the yearLast 8 quarters
Shareholders' equity386,867362,916314,119+6.6%+23.2%
Debt23,60224,60712,297-4.1%+91.9%
Operating lease liabilities12,10611,95211,654+1.3%+3.9%
Finance lease liabilities2,0502,002n/a+2.4%
Other liabilities111,844100,57692,196+11.2%+21.3%
Total liabilities and equity536,469502,053430,266+6.9%+24.7%
Fixed assetsn/an/a161,270
Goodwill33,26932,33531,935+2.9%+4.2%
Investments75,40674,11273,524+1.7%+2.6%
Cash and equivalents23,09021,03619,959+9.8%+15.7%
Receivables57,14855,04849,104+3.8%+16.4%
Other assets347,556319,52294,474+8.8%+267.9%
Total assets536,469502,053430,266+6.9%+24.7%

Questions

What was Alphabet's revenue in Q3 FY2025?

Alphabet (GOOG) reported revenue of $102.3 billion for Q3 FY2025, the quarter ended 30 September 2025, up 15.9% on the same quarter a year earlier.

How much did Alphabet earn in Q3 FY2025?

Net income for Q3 FY2025 was $35.0 billion, up 33.0% on the year, and diluted earnings per share $2.87.

When did Alphabet report Q3 FY2025 results?

Alphabet filed its 10-Q for the quarter ended 30 September 2025 with the SEC on 30 October 2025.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue75,32568,01169,68569,09276,04869,78774,60476,69386,31080,53984,74288,26896,46990,23496,428102,346113,828109,896119,796127,577
Cost of revenue32,98829,59930,10431,15835,34230,61231,91633,22937,57533,71235,50736,47440,61336,36139,03941,36945,76641,27145,94351,419
Gross profit42,33738,41239,58137,93440,70639,17542,68843,46448,73546,82749,23551,79455,85653,87357,38960,97768,06268,62573,85376,158
Gross margin56%56%57%55%54%56%57%57%56%58%58%59%58%60%60%60%60%62%62%60%
R&D8,7089,1199,84110,27310,26711,46810,58811,25812,11311,90311,86012,44713,11613,55613,80815,15118,57217,03218,21920,640
Operating income21,88520,09419,45317,13518,16017,41521,83821,34323,69725,47227,42528,52130,97230,60631,27131,22835,93439,69640,77040,576
Operating margin29%30%28%25%24%25%29%28%27%32%32%32%32%34%32%31%32%36%34%32%
Interest expense11783.083.010190.080.043.011669.094.067.054.053.034.02611432985331,278967
Pre-tax income24,40218,93419,01416,23317,14718,20521,90321,19724,41228,31527,55131,70632,24341,78933,93343,98739,11777,412138,75332,355
Tax rate15%13%16%14%21%17%16%7%15%16%14%17%18%17%17%20%12%19%19%18%
Net income20,64216,43616,00213,91013,62415,05118,36819,68920,68723,66223,61926,30126,53634,54028,19634,97934,45562,578112,19326,468
Net margin27%24%23%20%18%22%25%26%24%29%28%30%28%38%29%34%30%57%94%21%
Diluted EPS$1.53$1.23$1.21$1.06$1.06$1.17$1.44$1.55$1.64$1.89$1.89$2.12$2.15$2.81$2.31$2.87$2.82$5.11$9.11$2.12
Operating cash flow24,93425,10619,42223,35323,61423,50928,66630,65618,91528,84826,64030,69839,11336,15027,74748,41452,40245,79039,06942,290
Capital expenditure6,3839,7866,8287,2767,5956,2896,8888,05511,01912,01213,18613,06114,27617,19722,44623,95327,85135,67444,92451,355
Free cash flow18,55115,32012,59416,07716,01917,22021,77822,6017,89616,83613,45417,63724,83718,9535,30124,46124,55110,116-5,855-9,065
Buybacks13,47313,30015,19715,39215,40714,55714,96915,78716,19115,69615,68415,29115,55115,06813,63811,5045,4990.00.00.0
Dividends paid0.00.00.00.00.00.00.00.00.00.02,4662,4552,4422,4342,5432,5362,5362,5422,6892,936
Shares outstanding13,242m13,175m13,078m12,971m12,849m12,722m12,629m12,541m12,460m12,381m12,322m12,264m12,211m12,155m12,104m12,077m12,088m12,116m12,230m12,294m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2025, filed 30 October 2025: the filing.