Alphabet reports Q1 2026 revenue of $109.9 billion

Source: 9to5Google

Alphabet announced its Q1 2026 earnings, reporting $109.9 billion in revenue for the January‑March period.

Financial highlights

• Revenue: $109.9 billion, up 22 % from $90.2 billion in Q1 2025.
• Operating income: $39.69 billion.
• Net income: $62.58 billion, compared with $34.54 billion a year earlier.

For context, the previous quarter (Q4 2025) recorded $113.8 billion in revenue and $34.45 billion in net income.

Business performance

Search

• AI‑enhanced experiences drove usage, with queries at an all‑time high.
• Revenue grew 19 % year over year.

Google Cloud

• Revenue grew 63 % YoY.
• Backlog nearly doubled quarter‑on‑quarter, exceeding $460 billion.

Consumer AI & Subscriptions

• Gemini App powered the strongest quarter ever for consumer AI plans.
• Paid subscriptions reached 350 million, led by YouTube and Google One.
• Gemini Enterprise saw 40 % QoQ growth in paid monthly active users.

Waymo

• Surpassed 500,000 fully autonomous rides per week.

API usage

• First‑party models (e.g., Gemini) processed more than 16 billion tokens per minute, a 60 % increase from the prior quarter.

YouTube & Cloud revenue

• YouTube ad revenue: $9.88 billion (up from $8.93 billion YoY).
• Google Cloud revenue: $20.03 billion (up from $12.26 billion YoY).

“Google subscriptions, platforms, and devices”

• Includes hardware, Play Store, and non‑advertising YouTube revenue.
• Reported $12.38 billion, versus $10.38 billion in the same quarter last year.

Other Bets

• Revenue: $411 million, down from $450 million in Q1 2025.
• Loss: $2.1 billion, compared with a $1.22 billion loss a year earlier.

“It’s really exciting to see how our AI investments are delivering value for our users, customers and business.”
— Sundar Pichai, CEO

Sources

• Alphabet Q1 2026 earnings release (PDF)
• Related coverage: Q1 2025 earnings, Q4 2025 earnings