The company said revenue for the 3 months ended September 30, 2024 was $88.3 billion, up 15% from a year earlier. It cited Google Services revenue growth of $8.5 billion (13%) and Google Cloud revenue growth of $2.9 billion (35%) as the main drivers.

10-QQuarterly reportFiled Oct 30, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said revenue for the 3 months ended September 30, 2024 was $88.3 billion, up 15% from a year earlier. It cited Google Services revenue growth of $8.5 billion (13%) and Google Cloud revenue growth of $2.9 billion (35%) as the main drivers.
Alphabet said cost of revenues rose 10% to $36.5 billion over the 3 months, and operating expenses rose 5% to $23.3 billion. It cited costs related to its office space optimization efforts among the drivers of higher operating expenses, and said a reduction in charges related to legal and other matters partially offset the increase.
The company said operating cash flow was $30.7 billion for the 3 months, including a cash payment of $3.0 billion for the 2017 EC shopping fine, which included accrued interest. It said capital expenditures, which primarily reflected investments in technical infrastructure, were $13.1 billion over the same period.
Alphabet said it spent $15.3 billion on repurchases of Class A and Class C shares and $2.5 billion on dividend payments for the 3 months ended September 30, 2024. The company said $59.7 billion remained available for Class A and Class C share repurchases as of September 30, 2024.

Key figures

Quarter ended September 30, 2024

Revenue: $88.3B
Operating income: $28.5B
Net income: $26.3B
EPS: $2.12

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2024 Revenue and Operating Breakdown

The company said revenue for the 3 months ended September 30, 2024 was $88.3 billion, up 15% from a year earlier. It cited Google Services revenue growth of $8.5 billion (13%) and Google Cloud revenue growth of $2.9 billion (35%) as the main drivers.

Source · Based on the MD&A text of the filing

Q3 Cost Structure and Company Explanation

Alphabet said cost of revenues rose 10% to $36.5 billion over the 3 months, and operating expenses rose 5% to $23.3 billion. It cited costs related to its office space optimization efforts among the drivers of higher operating expenses, and said a reduction in charges related to legal and other matters partially offset the increase.

Source · Based on the MD&A text of the filing

Q3 Cash Flow and Capital Expenditures

The company said operating cash flow was $30.7 billion for the 3 months, including a cash payment of $3.0 billion for the 2017 EC shopping fine, which included accrued interest. It said capital expenditures, which primarily reflected investments in technical infrastructure, were $13.1 billion over the same period.

Source · Based on the MD&A text of the filing

Shareholder Returns: Buybacks and Dividends

Alphabet said it spent $15.3 billion on repurchases of Class A and Class C shares and $2.5 billion on dividend payments for the 3 months ended September 30, 2024. The company said $59.7 billion remained available for Class A and Class C share repurchases as of September 30, 2024.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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