NASDAQ$GOOG
Alphabet · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Cloud miss disappoints; capex outlook lifts to $75B for FY25.
Alphabet's December-quarter Cloud revenue grew +30% YoY but missed sell-side at $11.96B. FY25 capex outlook stepped up sharply to $75B (vs Street ~$58B) and the stock sold off into the close. Search remained the bright spot at +13% YoY.
- Cloud revenue $12.0B, +30% YoY (miss).
- FY25 capex outlook lifted to $75B — well above consensus.
- Search revenue +13% YoY.
- Operating margin 32.0%.
Headline financials
Revenue & EPS history
Alphabet · Revenue · Quarterly
$96.5B
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%
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 Q4 2024
+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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