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GOOGLEarnings2026-04-29

Alphabet's CFO reports consolidated revenue and cost of revenue figures for the first quarter.

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Anat Ashkenazi · Alphabet Investor Relations · Alphabet 2026 Q1 Earnings Call

Consolidated revenue reached $109.9 billion, up 22%, or 19% in constant currency. Total cost of revenue was $41.3 billion, up 14%. TAC was up $15.2 billion, up 11%.

Transcribed from the source video. Automatic captions, corrected for known mis-transcriptions.

Key terms

constant currency
Growth measured with exchange rates held fixed, stripping out the effect of currency moves.
TAC
Traffic acquisition costs — payments made to partners that send search or ad traffic.

Educational summary of a public statement. Not investment advice.