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Quarterly Report — Q2 2025
Filed July 24, 2025
Q2 2025 revenue hit $94.7 billion, up 11% year-over-year, with Google Cloud accelerating to $12.8 billion (35% growth) as the AI infrastructure buildout continues to pay off. Net income jumped to $30.6 billion for the quarter, pushing earnings per share to $2.53 — comfortably ahead of the year-ago $1.89. The advertising core still dominates at $67.9 billion in quarterly ad revenue, but the real story is Cloud's margin expansion and the company's $75 billion authorized buyback program signaling confidence in sustained cash generation.
What is Quarterly Report?
Filed after each of the first three fiscal quarters with unaudited financial statements, management discussion, and any material changes to risk factors or legal proceedings.
Quarterly financial update — tracks business trajectory between annual reports.
Extracted Milestones (2)
Google Cloud Revenue Backlog Reaches $108.2 Billion
As of June 30, 2025, Alphabet reported $108.2 billion in remaining performance obligations primarily related to Google Cloud, with approximately 55% expected to be recognized over the next 24 months.
Wiz Acquisition Closed
Alphabet completed its acquisition of Wiz, Inc., a cloud security company, in March 2025, with the transaction recorded in the Q3 2025 10-Q goodwill and acquisition disclosures.