Google Q3 2026 Net Profit Falls 25.18% Despite Strong First Three Quarters

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Google's Q3 2026 net profit declined 25.18% to $2.617 billion, despite a 105.55% year-over-year increase in net profit for the first three quarters to $20.0855 billion. On-chain data reveals mixed market sentiment. Altcoins to watch may gain momentum as investor focus shifts.
CoinDesk reports:

IT Home, October 29 news: Google today released its first three quarters of fiscal year 2026 (January 2026 to September 2026) and its third quarter report (July 2026 to September 2026).

Performance for the first nine months is as follows:

  • Total operating revenue: $357.269 billion, up 23.62% year-over-year
  • Gross profit: $218.636 billion, up 26.94% year-over-year
  • Gross profit margin: 61.2%, an increase of 1.6 percentage points year-over-year
  • Net profit attributable to parent shareholders: $200.855 billion, up 105.55% year-over-year
  • Operating cash flow: $127.149 billion, up 13.21% year-over-year
  • Basic earnings per share: $16.51, up 104.84% year-over-year
  • Diluted earnings per share: $16.33, up 104.38% year-over-year

Third fiscal quarter results are as follows:

  • Total operating revenue: $127.577 billion, up 25% year-over-year and 6.5% quarter-over-quarter.
  • Gross profit: $76.158 billion, up 24.9% year-over-year
  • Gross profit margin: 59.7%, an increase of 0.1 percentage points year-over-year
  • Net profit attributable to parent company: $26.17 billion, a 25.18% year-over-year decrease
  • Operating cash flow: $42.29 billion, a 12.65% year-over-year decrease
  • Free cash flow: -$9.065 billion, transitioning from a profit of $24.461 billion to a net outflow of $9.065 billion
  • Basic earnings per share: $2.14, a 25.95% year-over-year decrease
  • Diluted earnings per share: $2.12, a 26.13% year-over-year decrease
  • Debt-to-asset ratio: 32.5%

Related reading:

  • Logitech's net profit attributable to shareholders for the first half of fiscal year 2027 was $416 million, a 31.28% year-over-year increase.
  • Visa's net attributable profit for fiscal year 2026 was $23.504 billion, representing a 17% year-over-year growth.
  • PayPal reported revenue of $25.619 billion for the first three quarters of fiscal year 2026, with net profit down 13.3% year-over-year.
  • Boeing reports Q3 2026 revenue of $24.188 billion, a 4% year-over-year increase; net loss narrows to $116 million, with 161 aircraft delivered and a backlog exceeding 6,300 orders.
  • Corning reported a net profit attributable to shareholders of $1.61 billion for the first nine months of fiscal year 2026, a 53% year-over-year increase.
  • Google's net profit attributable to shareholders for the second quarter of fiscal year 2026 was $112.107 billion, representing a 298% year-over-year increase.
  • Alphabet's net profit for the first quarter of fiscal year 2026 was $62.578 billion, an 81% year-over-year increase.
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