| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.9B | $21.0B | $18.9B | -0.8% | 10.3% |
| Op. Income | $6.6B | $3.1B | $3.3B | 113.5% | 98.1% |
| Gross Margin | 84.6% | 83.5% | 83.5% | 1.1pp | 1.0pp |
| Net Margin | 14.2% | 11.7% | 13.6% | 2.5pp | 0.6pp |
| EPS (Diluted) | $4.28 | $3.53 | $3.64 | 21.2% | 17.6% |
| Free Cash Flow | $2.7B | $2.3B | $4.3B | 13.2% | -38.7% |
| Item | Amount |
|---|---|
| REVENUE | $20.9B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $17.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $3.0B |
| General & Administrative | $6.6B |
| SG&A Expenses | $9.6B |
| Other Expenses | $1.5B |
| Operating Expenses | $11.1B |
| Cost & Expenses | $14.3B |
| OPERATING INCOME | $6.6B |
| Interest Income | $6.7B |
| Interest Expense | $2.0B |
| Other Income/Expenses | -$2.8B |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $807M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $0 |
| EBIT | $6.6B |
| EBITDA | $6.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $20.9B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $17.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $3.0B |
| General & Administrative | $6.6B |
| SG&A Expenses | $9.6B |
| Other Expenses | $1.5B |
| Operating Expenses | $11.1B |
| Cost & Expenses | $14.3B |
| OPERATING INCOME | $6.6B |
| Interest Income | $6.7B |
| Interest Expense | $2.0B |
| Other Income/Expenses | -$2.8B |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $807M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $0 |
| EBIT | $6.6B |
| EBITDA | $6.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $468M |
| Stock-Based Compensation | $203M |
| Deferred Income Tax | $145M |
| Other Non-Cash Items | $926M |
| Change in Working Capital | -$909M |
| OPERATING CASH FLOW | $3.8B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | -$498M |
| Purchases of Investments | -$2.0B |
| Sales/Maturities of Investments | $241M |
| Other Investing Activities | $512M |
| NET CASH FROM INVESTING | -$2.9B |
| Net Debt Issuance | $3.6B |
| Common Stock Repurchased | -$1.9B |
| Common Dividends Paid | -$583M |
| Other Financing Activities | $3.9B |
| NET CASH FROM FINANCING | $5.0B |
| FREE CASH FLOW | $2.7B |
| Net Change in Cash | $6.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53.8B |
| Short-Term Investments | $290M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $56.5B |
| PP&E (Net) | $7.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $217.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $27.6B |
| TOTAL NON-CURRENT ASSETS | $252.7B |
| TOTAL ASSETS | $308.9B |
| Account Payables | $0 |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $157.9B |
| TOTAL CURRENT LIABILITIES | $159.6B |
| Long-Term Debt | $58.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56.5B |
| TOTAL NON-CURRENT LIABILITIES | $115.3B |
| TOTAL LIABILITIES | $274.9B |
| Common Stock | $137M |
| Additional Paid-In Capital | $11.1B |
| Retained Earnings | $26.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $34.0B |
| TOTAL LIABILITIES & EQUITY | $308.9B |
| Total Debt | $60.4B |
| Net Debt | $6.7B |
