NASDAQ$GOOG
Alphabet · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Alphabet's Q1 2023 earnings were announced, demonstrating resilience in Search and momentum in Cloud.
Alphabet Inc. reported Q1 2023 consolidated revenues of $69.8 billion, a 3% increase year over year (or 6% in constant currency). The results included $2.6 billion in charges related to workforce and office space reductions and a $988 million reduction in depreciation expense.
- Q1 consolidated revenues reached $69.8 billion, up 3% year over year, or up 6% in constant currency.
- Operating income was $17.415 billion, with an operating margin of 25%.
- Net income was $15.051 billion, resulting in diluted EPS of $1.17.
- The company authorized the repurchase of up to an additional $70.0 billion of its Class A and Class C shares.
Headline financials
Revenue & EPS history
Alphabet · Revenue · Quarterly
$69.8B
Revenue by segment
Alphabet · $110B total across 3 segments · Q1 2026
- Google Services$89.6B—81.4%
- Google Cloud$20B—18.2%
- Other Bets$411M—0.4%
Forward guidance
The press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.8%
Avg return
30 days after
62%
40 / 65 earnings
Positive
+20.1%
Q2 2015
Best reaction
-8.4%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | +10.6% | +8.4% | |
| Q4 2025 | -4.2% | -4.4% | -10.5% | |
| Q3 2025 | -1.6% | +5.8% | +19.3% | |
| Q2 2025 | +0.9% | +2.6% | +7.9% | |
| Q1 2025 | +1.5% | -0.4% | +5.0% | |
| Q4 2024 | -6.9% | -9.4% | -15.4% | |
| Q3 2024 | +4.6% | -0.3% | -0.4% | |
| Q2 2024 | -4.9% | -6.8% | -8.8% | |
| Q1 2024 | +7.8% | +4.8% | +11.6% | |
| Q4 2023 | -8.4% | -5.3% | -9.8% | |
| Q3 2023 | -8.1% | -10.5% | +1.5% | |
| Q2 2023 | +6.4% | +9.1% | +7.0% | |
| Q1 2023 | -2.2% | +1.3% | +16.5% | |
| Q4 2022 | +3.7% | +6.5% | -7.3% | |
| Q3 2022 | -7.9% | -6.2% | -4.0% | |
| Q2 2022 | +5.0% | +7.8% | +8.8% | |
| Q1 2022 | -6.7% | -6.7% | -12.1% | |
| Q4 2021 | +9.1% | +5.4% | -1.0% | |
| Q3 2021 | +5.5% | +6.8% | +5.7% | |
| Q2 2021 | -2.3% | -3.2% | +1.8% | |
| Q1 2021 | +2.3% | +3.6% | +3.3% | |
| Q4 2020 | +8.9% | +10.3% | +7.8% | |
| Q3 2020 | +6.9% | +8.8% | +18.2% | |
| Q2 2020 | -2.6% | -3.7% | +8.0% | |
| Q1 2020 | +5.1% | +3.5% | +11.0% | |
| Q4 2019 | +0.9% | +3.1% | -3.3% | |
| Q3 2019 | -0.2% | +0.7% | +3.8% | |
| Q2 2019 | +9.9% | +7.7% | +1.2% | |
| Q1 2019 | -6.6% | -6.8% | -12.2% | |
| Q4 2018 | +3.2% | -1.4% | +4.2% | |
| Q3 2018 | +2.0% | -1.4% | -2.6% | |
| Q2 2018 | +5.3% | +4.5% | +1.9% | |
| Q1 2018 | -4.9% | -4.0% | +0.6% | |
| Q4 2017 | -5.0% | -7.6% | -7.8% | |
| Q3 2017 | +4.7% | +4.4% | +6.9% | |
| Q2 2017 | -2.3% | -3.2% | -4.7% | |
| Q1 2017 | +3.9% | +5.1% | +11.4% | |
| Q4 2016 | -1.5% | -4.7% | -0.8% | |
| Q3 2016 | -0.5% | -1.9% | -4.7% | |
| Q2 2016 | +3.6% | +4.0% | +3.7% | |
| Q1 2016 | -4.5% | — | — | |
| Q4 2015 | +2.9% | — | — | |
| Q3 2015 | +9.2% | — | — | |
| Q2 2015 | +20.1% | — | — | |
| Q1 2015 | +4.8% | — | — | |
| Q4 2014 | +4.8% | — | — | |
| Q3 2014 | -3.6% | — | — | |
| Q2 2014 | +2.1% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | +6.7% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | -2.4% | — | — | |
| Q1 2013 | +2.2% | — | — | |
| Q4 2012 | +5.2% | — | — | |
| Q3 2012 | +1.0% | — | — | |
| Q2 2012 | +0.1% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | +3.0% | — | — | |
| Q3 2011 | -6.1% | — | — | |
| Q2 2011 | +4.8% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2010 | -3.2% | — | — | |
| Q1 2010 | +0.4% | — | — |
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