Alphabet Cloud Revenue Accelerates 48% in Q4; Shares Up 74%
Google Cloud Q4 revenue jumped 48% year-over-year, up from 35% growth in Q3, contributing to the Mag 7’s 24.2% blended earnings increase on 18.9% higher revenues. Alphabet shares have surged 74.1% over the past year, outpacing both the broader market’s 15.8% gain and Amazon’s 8.8% decline.
1. Q4 Cloud Revenue Growth
Google Cloud delivered 48% year-over-year revenue growth in 2025 Q4, accelerating from 35% growth in Q3 and marking the unit’s strongest quarter in three years. Management attributed the surge to robust enterprise demand and expanded AI workloads on its platform.
2. Market Reaction and Share Performance
Following the quarterly release, Alphabet shares have climbed 74.1% over the past year, significantly outperforming the S&P 500’s 15.8% gain and Amazon’s 8.8% decline. The stock’s rally reflects investor confidence in the company’s cloud momentum and diversified digital advertising business.
3. Mag 7 Earnings Impact
As part of the Mag 7 cohort, Alphabet helped drive the group’s 24.2% blended Q4 earnings growth on 18.9% higher revenues. The Mag 7 collectively account for 26.6% of S&P 500 earnings and represent 33.5% of the index’s market capitalization.