Company: GOOGL
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001652044-25-000091
Chunk: 57

Company: Alphabet Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 its Class A and Class C shares. In April 2025, the Board of Directors of Alphabet authorized the company to repurchase up to an additional $70.0 billion of Class A and Class C shares. As of September 30, 2025, $74.8 billion remained available for Class A and Class C share repurchases.The following table presents Class A and Class C shares repurchased and subsequently retired (in millions):Three Months EndedNine Months EndedSeptember 30, 2025September 30, 2025SharesAmountSharesAmountClass A share repurchases5 $926 36 $6,229 Class C share repurchases51 10,627 184 33,888 Total share repurchases(1)56 $11,553 220 $40,117 (1)    Shares repurchased include unsettled repurchases.Repurchases are executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans. The repurchase program does not have an expiration date.DividendsIn the three and nine months ended September 30, 2025, total cash dividends were $1.2 billion and $3.6 billion for Class A, $177 million and $527 million for Class B, and $1.1 billion and $3.4 billion for Class C shares, respectively.In April 2025, the Board of Directors of Alphabet increased the quarterly cash dividend by 5% to $0.21 per share of outstanding Class A, Class B, and Class C shares.The company has declared a quarterly cash dividend in the current quarter, and intends to pay quarterly cash dividends in the future, subject to review and approval by the company’s Board of Directors in its sole discretion.

Note 12.    Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share of Class A, Class B, and Class C stock (in millions, except per share amounts):

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Three Months Ended September 30, 20242025 Class AClass BClass CConsolidatedClass AClass BClass CConsolidatedBasic net income per share:NumeratorAllocation of distributed earnings (cash dividends paid)$1,170 $173 $1,112 $2,455 $1,222 $177 $1,138 $2,537 Allocation of