Google Search Is Less Than 50% of Alphabet’s Revenue for the First Time Ever


29 Oct 2026

In the quarter to Sep 2026, Google Search made $63.4B of Alphabet’s $128B in revenue, or 49.7%. It is the first quarter below half since Alphabet began reporting Search revenue separately. In the 31 quarters before, Search was between 52.8% and 62.0%. Over the same years, Google Cloud grew from 4.4% of revenue to 24.1%.

Search share
49.7%
Down 5.6 pts year over year

Search revenue
$63.4B
Up 12% year over year

Everything else
$64.2B
Up 40% year over year

Google Cloud
$30.7B
Up 103% year over year

Search and Google Cloud, share of Alphabet’s revenue

Each quarter’s revenue from Google Search & other and from Google Cloud, as a share of Alphabet’s total revenue. Everything else is YouTube ads, subscriptions and devices, Google Network and Other Bets.

Dec 2018 to Sep 2026

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