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Google just posted the biggest quarterly profit ever—$112 billion—and Wall Street is punishing it for doing so

July 23, 2026
in News
Google just posted the biggest quarterly profit ever—$112 billion—and Wall Street is punishing it for doing so

Good morning. On Fortune’s radar today:

  • Google booked the biggest profit in history—and Wall Street hates it.
  • Markets: U.S. futures decline as Middle East conflict worsens.
  • GE was a mess. Larry Culp tells us how he fixed it.
  • Iran: The war is getting worse.
  • Analysts are thinking the unthinkable: What if Trump cannot win in the Gulf?
  • Chart: The precipitous decline in U.S. immigration.
  • The incredibly complicated rules for drinking the “right” amount of coffee.

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The post Google just posted the biggest quarterly profit ever—$112 billion—and Wall Street is punishing it for doing so appeared first on Fortune.

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