Alphabet Inc (google) Class C · NASDAQ:GOOG
Alphabet Inc (google) Class C — Alphabet — Q1 2026 Earnings Presentation
11 slides from Alphabet Inc (google) Class C's earnings presentation, Apr 29, 2026
Slide 1: Q1 2026 Earnings
Q1 2026 Earnings April 29, 2026
Slide 2: Note About Forward-Looking Statements and Non-GAAP Financial Measures
Q1 2026 Earnings Note About Forward-Looking Statements and Non-GAAP Financial Measures This presentation may contain forward-looking statements regarding our business, operations, and financial performance. Such statements are based on current expectations and assumptions that are subject to a numbe
Slide 3: Earnings Highlights
Q1 2026 Earnings Earnings Highlights +19% +63% 16B+ ~350M 500K+ Q1 Y/Y Search & Other Q1 Y/Y Cloud revenue Tokens per Paid subscriptions Waymo fully revenue growth, minute (+60% Q/Q) autonomous rides growth $460B+ backlog, per week Gemini Enterprise paid MAUs +40% Q/Q Across 1P models, including Acr
Slide 4: Q1 2026 Earnings
Q1 2026 Earnings in Millions, except Percentages and EPS; unaudited Q1'25 Q1'26 Y/Y Revenues $90,234 $109,896 22% Costs and Expenses: Cost of Revenues 36,361 41,271 14% Research and Development 13,556 17,032 26% Sales and Marketing 6,172 7,606 23% General and Administrative 3,539 4,291 21% Total Cos
Slide 5: Revenues and Operating Income
Q1 2026 Earnings in Millions, except Percentages; unaudited $120,000 $50,000 Operating Income ($MM) $109,896 $110,000 $39,696 $40,000 Revenues ($MM) $100,000 $30,606 $90,234 $30,000 $90,000 $20,000 $80,000 $10,000 $70,000 $60,000 $0 Q1’25 Q1’26 Q1’25 Q1’26 Y/Y Growth +12% +22% Operating Margin 33.9%
Slide 6: Operating Expenses and Cost of Revenues
Q1 2026 Earnings in Millions, except Percentages; unaudited Total TAC Other Cost of Revenues Research & Development Sales & Marketing General & Administrative $50,000 $50,000 $41,271 Operating Expenses ($MM) Cost of Revenues ($MM) $40,000 $40,000 $36,361 $26,043 $28,929 $30,000 $22,613 $30,000 $23,2
Slide 7: Google Services Revenues and Operating Income
Q1 2026 Earnings in Millions, except Percentages; unaudited Google Search & Other YouTube Ads Google Network Subscriptions, Platforms & Devices $40,589 $100,000 $40,000 Operating Income ($MM) $89,637 $32,682 +19% Y/Y Revenues ($MM) $77,264 $12,384 $80,000 $30,000 $10,379 $6,971 -4% Y/Y $7,256 $9,883
Slide 8: Google Cloud Revenues and Operating Income
Q1 2026 Earnings in Millions, except Percentages; unaudited $6,598 $20,028 $20,000 $5,000 Operating Income ($MM) $15,000 Revenues ($MM) $4,000 $12,260 $10,000 $3,000 $2,177 $5,000 $2,000 $0 $1,000 Q1’25 Q1’26 Q1’25 Q1’26 Y/Y Growth +28% +63% Operating Margin 17.8% 32.9%
Slide 9: Capital Expenditures
Q1 2026 Earnings in Millions, except Percentages; unaudited $35,674 $35,000 $30,000 Capital Expenditures ($MM) $27,851 $25,000 $23,953 $22,446 $20,000 $17,197 $15,000 $10,000 $5,000 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Y/Y Growth +43% +70% +83% +95% +107%
Slide 10: Free Cash Flow
Q1 2026 Earnings in Millions, except Percentages; unaudited Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1’26 Y/Y Net cash provided by operating activities 36,150 27,747 48,414 52,402 45,790 27% Purchases of property and equipment (17,197) (22,446) (23,953) (27,851) (35,674) 107% Free Cash Flow $18,953 $5,301 $24
Slide 11: Reconciliation of GAAP to Non-GAAP Financial Information
Q1 2026 Earnings in Millions, except Percentages; unaudited We provide non-GAAP free cash flow for the current quarter and trailing twelve months (“TTM”) because it is a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business