Company: GOOGL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001652044-25-000062
Chunk: 67

Company: Alphabet Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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 $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 Information:

•General and administrative expenses of $5.2 billion for the three months ended June 30, 2025 included a $1.4 billion charge in our Google Services segment related to a settlement in principle of certain legal matters.

•In May 2025, Alphabet issued fixed-rate senior unsecured notes for net proceeds of $12.5 billion to be used for general corporate purposes. For additional information, see Note 6 of the Notes to Consolidated Financial Statements included in Item 1 of this Quarterly Report on Form 10-Q.

•Repurchases of Class A and Class C shares were $2.5 billion and $10.7 billion, respectively, totaling $13.3 billion for the