NASDAQ$GOOG

Alphabet · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Alphabet's Q2 2022 performance was driven by Search and Cloud, with revenues up 13% year-over-year.

Alphabet Inc. announced its Q2 2022 financial results, with revenues reaching $69.7 billion, a 13% increase compared to the previous year. The performance was driven by Search and Cloud, with investments in AI and computing playing a key role. The company is focused on responsible capital allocation to support long-term growth opportunities.

  • Revenues reached $69.7 billion, up 13% year-over-year, or 16% on a constant currency basis.
  • Performance was driven by Search and Cloud.
  • Investments in AI and computing are helping to make services valuable for consumers and effective for businesses.
  • Focus on responsible capital allocation in support of growth opportunities.

Headline financials

Total Revenue

$69.7B

Previous: $61.9B+12.6%
EPS (adj)

$1.21

Previous: $1.36-11.0%
Capital Expenditures

-$16.6B

Previous: -$11.4B-45.3%
Free Cash Flow

$27.9B

Previous: $29.7B-6.1%
Net Income

$16B

Previous: $18.5B-13.6%
Operating Income

$19.5B

Previous: $19.4B+0.5%
Gross Profit

$39.6B

Previous: $35.7B+11.0%
Cash & Equivalents

$17.9B

Previous: $23.6B-24.1%
Total Assets

$355B

Previous: $335B+5.9%
Stock-Based Comp

$4.78B

Previous: $3.8B+25.7%

Revenue & EPS history

Alphabet · Revenue · Quarterly

$69.7B

Q2 2022+12.6%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Alphabet · $110B total across 3 segments · Q1 2026

  • Google Services
    $89.6B
  • Google Cloud
    $20B
  • Other Bets
    $411M

Forward guidance

This press release may contain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance.

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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