Alphabet reported Q1 2026 revenue of $109.9 billion on April 29, 2026, up 22% year-over-year and the company’s fastest growth in over two years. Net income reached $62.58 billion, while Google Cloud revenue surged 63% to $20.03 billion. Alphabet’s market cap touched $4.86 trillion on May 8, 2026, briefly passing NVIDIA. This article covers Alphabet’s latest revenue, segment performance, market valuation, and headcount data.
Alphabet Statistics 2026: TLDR
Quick highlights from Alphabet’s most recent reporting period.
- Alphabet Q1 2026 revenue reached $109.9 billion, up 22% YoY, the 11th consecutive quarter of double-digit growth.
- Full-year 2025 revenue crossed $402.8 billion, up 15% from $350.02 billion in 2024.
- Google Cloud Q1 2026 revenue grew 63% to $20.03 billion with a backlog of $462 billion.
- Alphabet market cap reached $4.86 trillion on May 8, 2026, making it the second most valuable public company.
- Total headcount climbed to 194,668 in Q1 2026, up from 185,719 a year earlier.
Source: Alphabet Q1 2026 Earnings Release; CompaniesMarketCap; Alphabet 10-Q filing
How Much Revenue Did Alphabet Generate in Q1 2026?
Alphabet posted $109.9 billion in revenue for the quarter ended March 31, 2026, beating analyst consensus of $107.2 billion. Operating income grew 30% to $39.69 billion, and operating margin expanded 220 basis points to 36.1%. Net income of $62.58 billion included a $37.7 billion gain from non-public equity investments. Diluted EPS came in at $5.11 versus $2.62 expected.
| Q1 2026 Metric | Figure | YoY Change |
|---|---|---|
| Total revenue | $109.9 billion | +22% |
| Google Services revenue | $89.6 billion | +16% |
| Google Search & other | $60.4 billion | +19% |
| YouTube advertising | $9.88 billion | +11% |
| Google Cloud revenue | $20.03 billion | +63% |
| Other Bets revenue | $411 million | +3% |
| Operating income | $39.69 billion | +30% |
| Operating margin | 36.1% | +220 bps |
| Net income | $62.58 billion | +81% |
| Diluted EPS | $5.11 | +82% |
Source: Alphabet Q1 2026 Earnings Release (April 29, 2026)
The Q1 2026 print pushed back against the AI-disruption thesis on Search. Search revenue accelerated to 19% growth, the fastest pace in over three years. Read more on how AI search is reshaping query behaviour at Google’s AI Mode adoption.
Alphabet Statistics: Full-Year 2025 Financial Results
Alphabet closed 2025 with $402.8 billion in annual revenue, crossing the $400 billion threshold for the first time. Q4 2025 alone generated $113.8 billion (+18%), and Q3 2025 set a record as the company’s first $100 billion quarter. Net income for full-year 2025 reached $132.17 billion, up 32% from 2024.
| Period | Revenue | YoY Growth | Net Income |
|---|---|---|---|
| FY2023 | $307.39 billion | — | $73.80 billion |
| FY2024 | $350.02 billion | +13.9% | $100.12 billion |
| FY2025 | $402.84 billion | +15.1% | $132.17 billion |
| Q4 2025 | $113.80 billion | +18% | $34.46 billion |
| Q1 2026 | $109.90 billion | +22% | $62.58 billion |
Source: Alphabet Annual Report 2025; Alphabet SEC filings
YouTube combined ads and subscriptions revenue surpassed $60 billion in 2025. Paid subscriptions across Google One and YouTube Premium reached 350 million by Q1 2026, up from 325 million at end-2025.
Alphabet Market Cap and Stock Statistics 2026
Alphabet’s market capitalisation grew from $2.365 trillion at end-2024 to $4.86 trillion by May 8, 2026, more than doubling in 17 months. The stock closed at $393.70 on May 11, 2026, with a 52-week range of $152.20 to $402.00. Alphabet became the fourth company ever to cross a $4 trillion valuation in January 2026.
| Date | Market Cap | Source |
|---|---|---|
| December 2023 | $1.756 trillion | CompaniesMarketCap |
| December 2024 | $2.365 trillion | CompaniesMarketCap |
| September 2025 | $3.019 trillion | CompaniesMarketCap |
| January 2026 | $4.00 trillion (crossed for first time) | Stock Analysis |
| May 8, 2026 | $4.86 trillion | Stock Analysis |
Source: CompaniesMarketCap; Stock Analysis; Yahoo Finance
The stock gained roughly 65% in 2025, the strongest annual rally since 2009. Trading at a P/E near 30.6 and a dividend yield of 0.22%, Alphabet briefly overtook NVIDIA by market cap in after-hours trading in early May 2026. For context on the broader cloud race, see cloud market share rankings.
Alphabet Statistics by Business Segment
Google Cloud is the fastest-growing segment, with Q1 2026 revenue of $20.03 billion up 63% YoY and segment operating income of $6.6 billion. Cloud’s annual run rate exited 2025 above $70 billion. Google Services contributed $89.6 billion of Q1 2026 revenue with $40.6 billion in segment operating income. Other Bets, which houses Waymo, generated $411 million on a $2.1 billion operating loss.
| Segment | Q1 2026 Revenue | Operating Income | YoY Growth |
|---|---|---|---|
| Google Services | $89.6 billion | $40.6 billion | +16% |
| Google Cloud | $20.03 billion | $6.6 billion | +63% |
| Other Bets | $411 million | -$2.1 billion | +3% |
Source: Alphabet Q1 2026 Form 10-Q
Cloud backlog jumped from $240 billion at end-Q4 2025 to $462 billion by end-Q1 2026, a 92% sequential rise driven by enterprise AI deals. Waymo passed 500,000 fully autonomous rides per week, while the Gemini app reached over 750 million monthly active users. More detail on Google’s AI app is available at Google Gemini usage figures.
YouTube Revenue Breakdown
YouTube total annual revenue, including ads and subscriptions, exceeded $60 billion in 2025. Q4 2025 YouTube ad revenue alone hit $11.38 billion (+9%), while Q1 2026 came in at $9.88 billion (+11%). The platform’s share of US TV viewing time continued to outpace traditional broadcast networks. Adjacent platform competition is covered at YouTube Gaming versus Twitch.
Alphabet Employee and Capital Expenditure Statistics 2026
Alphabet headcount climbed to 194,668 at the end of Q1 2026, an increase of 8,949 from 185,719 a year earlier. The hiring rebound followed three years of headcount discipline. Capital expenditure hit $35.67 billion in Q1 2026 alone, more than double the $17.2 billion spent in Q1 2025. Full-year 2026 capex guidance was raised to a range of $175 billion to $190 billion.
| Metric | Q1 2025 | Q1 2026 | YoY Change |
|---|---|---|---|
| Headcount | 185,719 | 194,668 | +4.8% |
| Capital expenditure | $17.2 billion | $35.67 billion | +107% |
| Operating cash flow | $36.15 billion | $45.79 billion | +26.7% |
| Cash & marketable securities | — | $126.8 billion | — |
Source: Alphabet Q1 2026 Earnings Release; Alphabet SEC filings
The 2026 capex range of $175 billion to $190 billion is the largest infrastructure commitment in Alphabet’s history. Most of the spending will support custom TPU chips, data centres, and Gemini training compute. See more on data centre buildout trends at cloud computing industry data and ownership context at who owns Google.
FAQs
What was Alphabet’s revenue in Q1 2026?
Alphabet reported $109.9 billion in revenue for Q1 2026, up 22% year-over-year. Google Services contributed $89.6 billion, Google Cloud added $20.03 billion, and Other Bets generated $411 million.
What is Alphabet’s market cap in 2026?
Alphabet’s market cap was $4.86 trillion on May 8, 2026, making it the second most valuable publicly traded company. The stock briefly surpassed NVIDIA in after-hours trading earlier in May 2026.
How fast is Google Cloud growing?
Google Cloud revenue grew 63% year-over-year to $20.03 billion in Q1 2026. The segment’s annual run rate exceeded $70 billion at end-2025, with backlog reaching $462 billion in Q1 2026.
How many people work at Alphabet?
Alphabet employed 194,668 people at the end of Q1 2026, up from 185,719 a year earlier. The hiring expansion supports investments in AI infrastructure, Google Cloud, and YouTube product teams.
What was Alphabet’s full-year 2025 revenue?
Alphabet reported full-year 2025 revenue of $402.84 billion, up 15.1% from $350.02 billion in 2024. Net income reached $132.17 billion, a 32% increase year-over-year.
Sources:
https://abc.xyz/investor/
https://www.sec.gov/Archives/edgar/data/1652044/000165204426000043/googexhibit991q12026.htm
https://companiesmarketcap.com/alphabet-google/marketcap/
https://stockanalysis.com/stocks/googl/
With many years of professional experience within transnational corporations in different industries, Richard Jaimes has had the opportunity to lead people and organizations, investigate future topics, create strategies and innovations, consult senior management and translate insights into business advantages. Richard is also a long time senior consultant with Quantumrun Foresight.
