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Alphabet today announced Q1 2026 earnings with $109.9 billion in revenue. These numbers range from January to March and wrap up the fiscal year.
Revenue is up 22% from $90.2 billion in Q1 2025, with operating income at $39.69 billion and net income of $62.58 billion for this quarter (versus $34.54 billion a year ago). For comparison, Alphabet reported $113.8 billion in revenue and $34.45 billion in net income last quarter.
2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business. Search had a strong quarter with AI experiences driving usage, queries at an all time high, and 19% revenue growth. Google Cloud revenues grew 63% with backlog nearly doubling quarter on quarter to over $460 billion. This was our strongest quarter ever for our consumer AI plans, driven by the Gemini App. Overall the number of paid subscriptions has now reached 350 million, with YouTube and Google One being the key drivers. Gemini Enterprise has great momentum with 40% quarter on quarter growth in paid monthly active users. And, finally, I’m pleased to see Waymo surpass 500,000 fully autonomous rides a week.
These outstanding results are built on our differentiated, full stack approach. Our first-party models, like Gemini, are now processing more than 16 billion tokens per minute via direct API use by our customers, up 60% from last quarter.
It’s really exciting to see how our AI investments are delivering value for our users, customers and business.”
Sundar Pichai, CEO
In Q1 2026, YouTube ad revenue was $9.88 billion (versus $8.93 billion a year ago), while Cloud reported $20.03 billion (compared to $12.26 billion).
“Google subscriptions, platforms, and devices” — which includes hardware, Play Store, and non-advertising YouTube revenues — reported $12.38 billion, compared to $10.38 billion the same quarter last year.
“Other Bets” continues to lose money. It reported $411 million in revenue compared to $450 million in Q1 of 2025. It lost $2.1 billion compared to $1.22 billion in the same quarter of last year.
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