Google Search is now less than half of Alphabet’s revenue
Google Search is now less than half of Alphabet’s revenue
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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. Search revenue still grew 12% year over year; Google Cloud’s grew 103%. 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%.
在截至 2026 年 9 月的季度中，Google 搜索业务在 Alphabet 1280 亿美元的总营收中贡献了 634 亿美元，占比为 49.7%。这是自 Alphabet 开始单独报告搜索业务营收以来，该占比首次跌破一半。搜索业务营收同比增长了 12%，而 Google Cloud 的营收则增长了 103%。在此前的 31 个季度中，搜索业务的占比一直维持在 52.8% 到 62.0% 之间。在同期的几年里，Google Cloud 的营收占比从 4.4% 增长到了 24.1%。
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.
每个季度来自 Google 搜索及其他业务以及 Google Cloud 的营收，占 Alphabet 总营收的份额。其余部分包括 YouTube 广告、订阅与设备、Google 网络以及其他押注（Other Bets）。
In billions of dollars. Search’s share fell while its revenue kept growing.
以十亿美元为单位。搜索业务的份额有所下降，但其营收仍在持续增长。