Athira Sethu
Kochi, 3 November 2025
Alphabet passed a huge milestone in Q3 2025, as revenue crossed the $100 billion mark for the first time, representing a year-over-year growth rate of 16%. The company saw outstanding performances in the Google Services and Google Cloud segments, with net income growing at an astonishing and unexpected rate, along with a rise in EPS. Still, amidst some mishaps that its experimental business witnessed, Alphabet continues to strengthen its leadership position in advertising, cloud computing, and AI technologies. The following tables give a detailed breakdown of the company’s financial performance, segment revenue, operating results, and key metrics.
Consolidated Financial Performance
| Metric | Q3 2025 | YoY Change |
| Consolidated Revenues | $102.3 billion | +16% (+15% constant currency) |
| Operating Income (GAAP) | $31.2 billion | +9% |
| Operating Margin | 30.5% | – |
| Operating Income (Non-GAAP) | $34.7 billion | +22% |
| Net Income | $35.0 billion | +33% |
| Diluted EPS | $2.87 | +35% |
| Other Income (Net) | $12.8 billion | N/A |
| EC Fine (Accrued) | $3.5 billion | N/A |
| 2025 CapEx Expectation | $91 billion to $93 billion | N/A |
| Quarterly Dividend | $0.21 per share | N/A |
Segment Revenue and Operating Results
| Segment | Revenue (Q3 2025) | YoY Change | Operating Income (Q3 2025) | YoY Change |
| Google Services | $87.1 billion | +14% | $33.5 billion | +9% |
| Google Cloud | $15.2 billion | +34% | $3.6 billion | +85% |
| Other Bets | $344 million | -11% | ($1.4 billion) | -28% (loss widened) |
| Alphabet-level activities | N/A | N/A | ($4.5 billion) | -41% (loss widened) |
Supplemental Segment Details
| Metric | Q3 2025 | Q3 2024 |
| Google Search & Other | $56.6 billion | $49.4 billion |
| YouTube Ads | $10.3 billion | $8.9 billion |
| Google Network | $7.4 billion | $7.5 billion |
| Google Subscriptions, Platforms, and Devices | $12.9 billion | $10.7 billion |
| Total Traffic Acquisition Costs (TAC) | $14.9 billion | $13.7 billion |
| Number of Employees | 190,167 | 181,269 |
AI and Subscription Metrics
| Metric | Q3 2025 |
| Gemini Model Processing (Direct API) | 7 billion tokens per minute |
| Gemini App Monthly Active Users | Over 650 million |
| Google Cloud Backlog | $155 billion |
| Total Paid Subscriptions | Over 300 million |
Alphabet’s Q3 2025 financial results are strong, with solid growth across all key areas: Google Services, Google Cloud, and net income. Though Other Bets remains a challenge, Alphabet’s leading position in AI, the cloud, and advertising fuels both short- and long-term profitability and innovation. The company has outpaced the $100 billion revenue mark, indicating market strength and operational success.
