| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46.7B | $47.0B | $48.5B | -0.7% | -3.8% |
| Op. Income | $7.7B | $8.1B | $7.6B | -5.3% | 1.7% |
| Gross Margin | 53.3% | 55.1% | 49.2% | -1.8pp | 4.1pp |
| Net Margin | 15.2% | 15.7% | 14.2% | -0.5pp | 1.0pp |
| EPS (Diluted) | $0.89 | $0.90 | $0.83 | -1.1% | 7.2% |
| Free Cash Flow | -$9.1B | -$2.2B | $18.1B | -318.1% | -150.5% |
| Item | Amount |
|---|---|
| REVENUE | $46.7B |
| Cost of Revenue | $21.8B |
| GROSS PROFIT | $24.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.5B |
| General & Administrative | $11.4B |
| SG&A Expenses | $12.9B |
| Other Expenses | $4.3B |
| Operating Expenses | $17.2B |
| Cost & Expenses | $39.0B |
| OPERATING INCOME | $7.7B |
| Interest Income | $34.9B |
| Interest Expense | $20.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7.7B |
| Income Tax Expense | $572M |
| Net Income from Continuing Ops | $7.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.8B |
| D&A | $581M |
| EBIT | $7.7B |
| EBITDA | $8.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $46.7B |
| Cost of Revenue | $21.8B |
| GROSS PROFIT | $24.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.5B |
| General & Administrative | $11.4B |
| SG&A Expenses | $12.9B |
| Other Expenses | $4.3B |
| Operating Expenses | $17.2B |
| Cost & Expenses | $39.0B |
| OPERATING INCOME | $7.7B |
| Interest Income | $34.9B |
| Interest Expense | $20.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7.7B |
| Income Tax Expense | $572M |
| Net Income from Continuing Ops | $7.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.8B |
| D&A | $581M |
| EBIT | $7.7B |
| EBITDA | $8.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7.1B |
| Depreciation & Amortization | $571M |
| Stock-Based Compensation | $1.0B |
| Deferred Income Tax | -$88M |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | -$19.0B |
| OPERATING CASH FLOW | -$9.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51.6B |
| Sales/Maturities of Investments | $64.0B |
| Other Investing Activities | -$69.4B |
| NET CASH FROM INVESTING | -$56.9B |
| Net Debt Issuance | $10.1B |
| Common Stock Repurchased | -$5.3B |
| Common Dividends Paid | -$2.2B |
| Other Financing Activities | $49.5B |
| NET CASH FROM FINANCING | $55.1B |
| FREE CASH FLOW | -$9.1B |
| Net Change in Cash | -$7.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275.4B |
| Short-Term Investments | $378.0B |
| Net Receivables | $109.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $763.1B |
| PP&E (Net) | $12.3B |
| Goodwill | $69.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.7T |
| Tax Assets | $0 |
| Other Non-Current Assets | $878.4B |
| TOTAL NON-CURRENT ASSETS | $2.7T |
| TOTAL ASSETS | $3.4T |
| Account Payables | $0 |
| Short-Term Debt | $447.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1T |
| TOTAL CURRENT LIABILITIES | $2.6T |
| Long-Term Debt | $313.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $261.7B |
| TOTAL NON-CURRENT LIABILITIES | $575.2B |
| TOTAL LIABILITIES | $3.1T |
| Common Stock | $36.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $252.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $299.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $299.6B |
| TOTAL LIABILITIES & EQUITY | $3.4T |
| Total Debt | $760.8B |
| Net Debt | $485.4B |
