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Alphabet (GOOGL) Q3 FY2025 income statement Sankey chart

Source: 10-Q · filed 2025-10-30 · SEC EDGAR · GAAP

Alphabet (GOOGL) Q3 FY2025 income statement Sankey chart: revenue sources, costs, expenses and profit

Alphabet (GOOGL) Q3 FY2025 (quarter ended 2025-09-30): revenue $102.3B (+16% Y/Y), gross profit $61.0B, operating income $31.2B, net income $35.0B (34% margin). Sankey chart of where the money comes from and goes, from the 10-Q filed 2025-10-30.

How to read this chart

Revenue lines on the left add up to gross revenue; incentives paid to clients and partners (red) are deducted to get net revenue. After that, green is profit and red is expenses. Wider band = bigger amount; "Y/Y" = vs. a year earlier.

  • Out of every 100 dollars of net revenue, 34 dollars ended up as net profit.
  • The biggest single cost is Other cost of revenues: $26.5B, or 26% of net revenue.
  • Operating margin 30.5%, down 1.8 percentage points from a year earlier (32.3%).

Worth noting

  • Gains/losses on investments $10.7B
  • G&A +105% Y/Y

Cash flow

Operating cash flow $48.4B, capex $24.0B, free cash flow (derived = OCF − capex) $24.5B.

Key figures

ItemQ3 FY2025Prior yearY/Y% of revenue
Revenue$102.3B$88.3B+16%—
Cost of revenue$41.4B$36.5B+13%40.4%
Gross profit$61.0B$51.8B+18%59.6%
Operating expenses$29.7B$23.3B+28%29.1%
Operating income$31.2B$28.5B+9%30.5%
Net income$35.0B$26.3B+33%34.2%

Source: Alphabet Form 10-Q filed Oct 30, 2025 (accession 0001652044-25-000091) via SEC EDGAR · Q3 FY25 = quarter ended Sep 30, 2025 · GAAP, as reported · Y/Y vs. prior-year period · Note: revenue node drawn at the sum of the revenue lines (calculated) so the small deduction can branch off; the figure shown is revenue as reported; · revenue split from XBRL StatementBusinessSegmentsAxis; 'Hedging losses' = total revenue − sum of segments = −$207M; · cost of revenue split from the filing's MD&A table (not XBRL), checked against the XBRL total; · non-operating income split using the filing's note (e.g. gains on equity securities); 'other' = statement line − parts; (±N pp) = change vs the prior-year period in percentage points · Not investment advice / 不构成投资建议 · Created 2026-10-24 · OneChart Earnings · onechartearnings.com