FINHUB Insights

Alphabet Q1 FY26: where the revenue came from and where it went

The whole income statement of Alphabet for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 30, 2026 10-Q accession 0001652044-26-000048

Revenue$109.90B +22% year over year
Gross profit$68.63B 62% margin
Operating profit$39.70B 36% margin
Net profit$62.58B 57% margin

Net profit is larger than what operations earned, because the statement adds $37.72B below it, under Other income, net.

Sankey diagram of Alphabet's income statement for Q1 FY26: revenue of $109.90 billion splits into segments and flows out into costs, taxes and net profit.

Figures in billions of dollars.

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 109.90 100% +22%
Google search & other 60.40 55% +19%
Google cloud 20.03 18% +63%
Google subscriptions 12.38 11% +19%
YouTube ads 9.88 9% +11%
Google network 6.97 6% −4%
Other bets 0.41 1% −9%
Other and unallocated −0.18 0%
Cost of revenue−41.2738%
Gross profit68.6362% margin+3pp
R&D−17.0315%+0pp
Sales & marketing−7.617%+0pp
G&A−4.294%+0pp
Operating profit39.7036% margin+2pp
Other income, net37.72
Tax−14.83
Net profit62.58 57% margin+19pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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