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Operating Income by Segment
Shows profit or loss for each segment—Google Services, Cloud, Other Bets—revealing which businesses generate the cash that funds growth and which require ongoing investment or restructuring.Google Cloud has become a major profit engine, with AI infrastructure demand driving accelerating operating leverage, but Alphabet’s gains are increasingly absorbed by centralized AI R&D and infrastructure costs. Corporate losses have widened materially, while Other Bets remain a persistent drag as Waymo and related initiatives scale. Management’s near-term warning that third-party compute will pressure Cloud margins, alongside higher depreciation and 2027 capital spending, suggests operating-profit expansion may temporarily lag the strong underlying demand for AI services.
Date | Other Bets | Corporate Costs and Other | Services | Cloud |
|---|---|---|---|---|
Sep 30, 2026 | -$2.05B | -$7.66B | $39.16B | $11.12B |
Jun 30, 2026 | -$1.80B | -$5.79B | $39.54B | $8.81B |
Mar 31, 2026 | -$2.10B | -$5.39B | $40.59B | $6.60B |
Dec 31, 2025 | -$3.62B | -$5.89B | $40.13B | $5.31B |
Sep 30, 2025 | -$1.43B | -$4.47B | $33.53B | $3.59B |
Jun 30, 2025 | -$1.25B | -$3.37B | $33.06B | $2.83B |
Mar 31, 2025 | -$1.23B | -$3.03B | $32.68B | $2.18B |
Dec 31, 2024 | -$1.17B | -$2.78B | $32.84B | $2.09B |
Sep 30, 2024 | -$1.12B | -$3.17B | $30.86B | $1.95B |
Jun 30, 2024 | -$1.13B | -$2.29B | $29.67B | $1.17B |