| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26.1B | — | $28.4B | — | -8.2% |
| Op. Income | $10.3B | — | $12.7B | — | -18.8% |
| Gross Margin | 126.1% | — | 122.9% | — | 3.3pp |
| Net Margin | 17.6% | — | 24.5% | — | -6.9pp |
| EPS (Diluted) | $1.82 | — | $2.74 | — | -33.6% |
| Free Cash Flow | $6.0B | — | $7.3B | — | -17.5% |
| Item | Amount |
|---|---|
| REVENUE | $26.1B |
| Cost of Revenue | -$6.8B |
| GROSS PROFIT | $32.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.0B |
| General & Administrative | $11.4B |
| SG&A Expenses | $13.5B |
| Other Expenses | $9.1B |
| Operating Expenses | $22.6B |
| Cost & Expenses | $15.7B |
| OPERATING INCOME | $10.3B |
| Interest Income | $338M |
| Interest Expense | $451M |
| Other Income/Expenses | -$654M |
| INCOME BEFORE TAX | $9.7B |
| Income Tax Expense | $3.8B |
| Net Income from Continuing Ops | $5.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.6B |
| D&A | $2.2B |
| EBIT | $9.8B |
| EBITDA | $12.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $26.1B |
| Cost of Revenue | -$6.8B |
| GROSS PROFIT | $32.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.0B |
| General & Administrative | $11.4B |
| SG&A Expenses | $13.5B |
| Other Expenses | $9.1B |
| Operating Expenses | $22.6B |
| Cost & Expenses | $15.7B |
| OPERATING INCOME | $10.3B |
| Interest Income | $338M |
| Interest Expense | $451M |
| Other Income/Expenses | -$654M |
| INCOME BEFORE TAX | $9.7B |
| Income Tax Expense | $3.8B |
| Net Income from Continuing Ops | $5.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.6B |
| D&A | $2.2B |
| EBIT | $9.8B |
| EBITDA | $12.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.6B |
| Depreciation & Amortization | $2.9B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.2B |
| Change in Working Capital | $649M |
| OPERATING CASH FLOW | $10.4B |
| Capital Expenditure | -$4.4B |
| Acquisitions (Net) | $322M |
| Purchases of Investments | -$3.3B |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$109M |
| NET CASH FROM INVESTING | -$7.7B |
| Net Debt Issuance | $2.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.5B |
| Other Financing Activities | -$779M |
| NET CASH FROM FINANCING | -$703M |
| FREE CASH FLOW | $6.0B |
| Net Change in Cash | $2.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.9B |
| Short-Term Investments | $273M |
| Net Receivables | $4.7B |
| Inventory | $5.5B |
| Other Current Assets | $464M |
| TOTAL CURRENT ASSETS | $22.8B |
| PP&E (Net) | $76.2B |
| Goodwill | $1.3B |
| Intangible Assets | $583M |
| Long-Term Investments | $5.4B |
| Tax Assets | $78M |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $86.0B |
| TOTAL ASSETS | $108.8B |
| Account Payables | $6.6B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $47M |
| Other Current Liabilities | $6.0B |
| TOTAL CURRENT LIABILITIES | $15.6B |
| Long-Term Debt | $20.2B |
| Deferred Revenue NC | $51M |
| Deferred Tax Liabilities | $3.5B |
| Other Non-Current Liabilities | $14.9B |
| TOTAL NON-CURRENT LIABILITIES | $40.9B |
| TOTAL LIABILITIES | $56.6B |
| Common Stock | $5.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $44.1B |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47.7B |
| Minority Interest | $4.6B |
| TOTAL EQUITY | $52.2B |
| TOTAL LIABILITIES & EQUITY | $108.8B |
| Total Debt | $24.5B |
| Net Debt | $12.6B |
