| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.6B | $19.9B | $18.8B | 3.1% | 9.5% |
| Op. Income | $3.8B | $3.5B | $3.2B | 7.7% | 19.4% |
| Gross Margin | 83.4% | 82.5% | 81.4% | 0.8pp | 2.0pp |
| Net Margin | 14.1% | 14.5% | 13.4% | -0.4pp | 0.8pp |
| EPS (Diluted) | $4.14 | $4.08 | $3.49 | 1.5% | 18.6% |
| Free Cash Flow | $5.6B | $3.7B | -$2.3B | 48.9% | 345.8% |
| Item | Amount |
|---|---|
| REVENUE | $20.6B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $17.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.6B |
| General & Administrative | $2.2B |
| SG&A Expenses | $3.8B |
| Other Expenses | $9.5B |
| Operating Expenses | $13.3B |
| Cost & Expenses | $16.7B |
| OPERATING INCOME | $3.8B |
| Interest Income | $6.6B |
| Interest Expense | $2.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $923M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $455M |
| EBIT | $3.8B |
| EBITDA | $4.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $20.6B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $17.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.6B |
| General & Administrative | $2.2B |
| SG&A Expenses | $3.8B |
| Other Expenses | $9.5B |
| Operating Expenses | $13.3B |
| Cost & Expenses | $16.7B |
| OPERATING INCOME | $3.8B |
| Interest Income | $6.6B |
| Interest Expense | $2.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $923M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $455M |
| EBIT | $3.8B |
| EBITDA | $4.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $2.9B |
| Depreciation & Amortization | $455M |
| Stock-Based Compensation | $125M |
| Deferred Income Tax | -$257M |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | $1.7B |
| OPERATING CASH FLOW | $6.2B |
| Capital Expenditure | -$655M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$545M |
| Sales/Maturities of Investments | $330M |
| Other Investing Activities | -$5.7B |
| NET CASH FROM INVESTING | -$6.6B |
| Net Debt Issuance | -$542M |
| Common Stock Repurchased | -$2.4B |
| Common Dividends Paid | -$586M |
| Other Financing Activities | $496M |
| NET CASH FROM FINANCING | -$3.0B |
| FREE CASH FLOW | $5.6B |
| Net Change in Cash | -$3.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53.4B |
| Short-Term Investments | $1.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $54.7B |
| PP&E (Net) | $5.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $212.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $24.4B |
| TOTAL NON-CURRENT ASSETS | $242.9B |
| TOTAL ASSETS | $297.6B |
| Account Payables | $14.7B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $149.9B |
| TOTAL CURRENT LIABILITIES | $166.0B |
| Long-Term Debt | $57.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41.3B |
| TOTAL NON-CURRENT LIABILITIES | $99.1B |
| TOTAL LIABILITIES | $265.1B |
| Common Stock | $138M |
| Additional Paid-In Capital | $11.1B |
| Retained Earnings | $24.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $32.4B |
| TOTAL LIABILITIES & EQUITY | $297.6B |
| Total Debt | $59.2B |
| Net Debt | $5.8B |
