| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.9B | 2.7% | 8.0% |
| Op. Income | $289M | $184M | $233M | 57.3% | 24.1% |
| Gross Margin | 77.2% | 74.6% | 76.2% | 2.5pp | 1.0pp |
| Net Margin | 7.4% | 4.8% | 6.5% | 2.7pp | 1.0pp |
| EPS (Diluted) | $4.56 | $2.83 | $3.58 | 61.1% | 27.4% |
| Free Cash Flow | $206M | $339M | $656M | -39.4% | -68.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $722M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.1B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $289M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $289M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $235M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $235M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $235M |
| D&A | $59M |
| EBIT | $316M |
| EBITDA | $375M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $722M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.1B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $289M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $289M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $235M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $235M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $235M |
| D&A | $59M |
| EBIT | $316M |
| EBITDA | $375M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $235M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $40M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$130M |
| OPERATING CASH FLOW | $266M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$906M |
| Sales/Maturities of Investments | $588M |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$363M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$63M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$104M |
| FREE CASH FLOW | $206M |
| Net Change in Cash | -$183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $2.5B |
| Net Receivables | $9.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.4B |
| PP&E (Net) | $812M |
| Goodwill | $2.6B |
| Intangible Assets | $10.7B |
| Long-Term Investments | $7.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $22.1B |
| TOTAL ASSETS | $35.5B |
| Account Payables | $2.4B |
| Short-Term Debt | $175M |
| Deferred Revenue | $20.5B |
| Other Current Liabilities | $268M |
| TOTAL CURRENT LIABILITIES | $23.9B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $30.0B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $4.6B |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | -$635M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $35.5B |
| Total Debt | $2.1B |
| Net Debt | $598M |
