“Last year, the Google Cloud business for this quarter was generating 3.5 billion of operating income. This quarter, it's over 11 billion of operating income”
Claim: Google Cloud's quarterly operating income rose from about $3.5bn a year ago to over $11bn.
Evidence. Google Cloud's operating income was $11.1bn in Q3 2026 versus $3.6bn in Q3 2025, on revenue of $30.7bn (up 103%). Google Services operating income rose about 17% to $39.2bn, matching his '33.5 to 39'.