Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 4

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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8 and Item 7A, “Quantitative and Qualitative Disclosures About Market Risk” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 as well as Note 3 of the Notes to Consolidated Financial Statements included in Item 1 of this Quarterly Report on Form 10-Q.

Provision for Income Taxes 

Provision for income taxes represents the estimated amount of federal, state, and foreign income taxes incurred in the U.S. and the many jurisdictions in which we operate. The provision includes the effect of reserve provisions and changes to reserves that are considered appropriate as well as the related net interest and penalties.

For additional information, 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 EndedMarch 31,20242025$ Change% ChangeConsolidated revenues$80,539 $90,234 $9,695 12 %Change in consolidated constant currency revenues(1)14 %Cost of revenues$33,712 $36,361 $2,649 8 %Operating expenses$21,355 $23,267 $1,912 9 %Operating income$25,472 $30,606 $5,134 20 %Operating margin32 %34 %2 %Other income (expense), net$2,843 $11,183 $8,340 293 %Net income$23,662 $34,540 $10,878 46 %Diluted EPS (2)$1.89 $2.81 $0.92 49 %

(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 $90.2 billion, an increase of 12% year over year, primarily driven by an increase