| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.2B | $3.0B | 2.3% | 8.9% |
| Op. Income | $331M | $289M | $152M | 14.6% | 118.6% |
| Gross Margin | 78.0% | 77.2% | 73.8% | 0.9pp | 4.2pp |
| Net Margin | 8.2% | 7.4% | 4.5% | 0.8pp | 3.7pp |
| EPS (Diluted) | $5.17 | $4.56 | $2.55 | 13.4% | 102.7% |
| Free Cash Flow | $442M | $206M | $543M | 115.0% | -18.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $710M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.2B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $331M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $331M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $62M |
| EBIT | $359M |
| EBITDA | $421M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $710M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.2B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $331M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $331M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $62M |
| EBIT | $359M |
| EBITDA | $421M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $266M |
| Depreciation & Amortization | $62M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $35M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | $505M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | -$657M |
| Sales/Maturities of Investments | $473M |
| Other Investing Activities | -$700.0K |
| NET CASH FROM INVESTING | -$270M |
| Net Debt Issuance | $122M |
| Common Stock Repurchased | -$82M |
| Common Dividends Paid | -$41M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $442M |
| Net Change in Cash | $226M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $2.6B |
| Net Receivables | $9.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.4B |
| PP&E (Net) | $831M |
| Goodwill | $2.6B |
| Intangible Assets | $10.7B |
| Long-Term Investments | $7.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $22.4B |
| TOTAL ASSETS | $35.8B |
| Account Payables | $2.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $20.6B |
| Other Current Liabilities | $279M |
| TOTAL CURRENT LIABILITIES | $23.7B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.3B |
| TOTAL LIABILITIES | $30.0B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | -$547M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $35.8B |
| Total Debt | $2.2B |
| Net Debt | $494M |
