Company: GOOGL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001652044-25-000062
Chunk: 138

Company: Alphabet Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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, see Note 1 of the Notes to Consolidated Financial Statements included in Part II, Item 8 in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 as well as Note 14 of the Notes to Consolidated Financial Statements included in Item 1 of this Quarterly Report on Form 10-Q.

Executive Overview

The following table summarizes consolidated financial results (in millions, except per share information and percentages):

Three Months EndedJune 30,20242025$ Change% ChangeConsolidated revenues$84,742 $96,428 $11,686 14 %Change in consolidated constant currency revenues(1)13 %Cost of revenues$35,507 $39,039 $3,532 10 %Operating expenses$21,810 $26,118 $4,308 20 %Operating income$27,425 $31,271 $3,846 14 %Operating margin32 %32 %0 %Other income (expense), net$126 $2,662 $2,536 2,013 %Net income$23,619 $28,196 $4,577 19 %Diluted EPS (2)$1.89 $2.31 $0.42 22 %

(1)    See "Use of Non-GAAP Constant Currency Information" below for details relating to our use of constant currency information. 

(2)    For additional information on the calculation of diluted EPS, see Note 12 of the Notes to Consolidated Financial Statements included in Item 1 of this Quarterly Report on Form 10-Q.

•Revenues were $96.4 billion, an increase of 14% year over year, primarily driven by an increase in Google Services revenues of $8.6 billion, or 12%, and an increase in Google Cloud revenues of $3.3 billion, or 32%.

•Total constant currency revenues, which exclude the effect of hedging, increased 13% year over year.

•Cost of revenues was $39.0 billion, an increase of 10% year over year, primarily driven by increases in TAC, content acquisition costs, and depreciation expense. 

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•Operating expenses were $26.1 billion, an increase of 20% year over year, primarily driven by increases in expenses related to legal and other matters, employee compensation expenses, and depreciation expense.

Other