Google Q3 operating income rises while net income falls, Charlie Bilello notes

Google Q3 operating income rises while net income falls, Charlie Bilello notes
Google Q3 record revenue and income shifts

Google reported $128 billion in revenues for the third quarter, a 25% year-over-year increase and a new record high. Operating income for the period rose 30% to $41 billion, while net income declined 25% to $26 billion due to $8 billion of unrealized losses in equity securities related to SpaceX's Q3 performance. Cloud revenue increased 103% year-over-year.

The figures were shared by Charlie Bilello, chief market strategist at Creative Planning.

Bilello recently highlighted that Tesla's third-quarter revenue was flat year over year at $28 billion, with net income declining sharply. In another note, he reported that Bitcoin and gold posted the largest declines among major assets so far in 2026. These observations offer additional context for his ongoing market commentary.

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