Alphabet Inc. (NASDAQ: GOOG, GOOGL) announced its financial results for the quarter ended September 30, 2026, reporting a 25% year-over-year increase in consolidated revenues to $127.6 billion. This marks the company's 13th consecutive quarter of double-digit revenue growth. The company also reported a consolidated operating income of $40.6 billion, resulting in an operating margin of 31.8%.
Google Services revenues increased 11% to $96.3 billion, driven by a 12% rise in Google Search & other. The company noted that the year-over-year growth rate for Search queries was the highest it has been in the last five years. Google Cloud delivered record growth, with revenues increasing 103% to $30.7 billion. This growth was attributed to strong demand for Google Cloud Platform (GCP) across enterprise AI infrastructure and solutions, as well as sales of TPU systems.
Net income available to common stockholders was $26.2 billion, with diluted earnings per share (EPS) of $2.12. The company reported a significant increase in first-party model API processing, which reached nearly 32 billion tokens per minute, more than four times the volume processed a year ago. Additionally, the Gemini app reached one billion users, becoming the fastest-growing product in Google's history.
In other corporate developments, Alphabet issued 12 million shares of Class A stock and 24 million shares of Class C stock during the quarter for net proceeds of $4.3 billion and $8.1 billion, respectively. The company also issued senior unsecured notes for net proceeds of $28.7 billion to be used for general corporate purposes.
On October 28, 2026, the company's Board of Directors declared a quarterly cash dividend of $15.63 per share on each of its Series A and Series B mandatory convertible preferred stock, and a quarterly cash dividend of $0.22 per share on its Class A, Class B, and Class C stock. The preferred stock dividend is payable on November 15, 2026, and the common stock dividend is payable on December 14, 2026.
