| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42.4B | $41.3B | $42.6B | 2.7% | -0.7% |
| Op. Income | $5.2B | $5.4B | $4.3B | -4.2% | 21.1% |
| Gross Margin | 44.4% | 45.8% | 41.5% | -1.4pp | 2.9pp |
| Net Margin | 9.5% | 9.9% | 7.5% | -0.4pp | 1.9pp |
| EPS (Diluted) | $1.96 | $1.96 | $1.52 | 0.0% | 28.9% |
| Free Cash Flow | -$38.3B | -$60.2B | -$18.6B | 36.3% | -106.1% |
| Item | Amount |
|---|---|
| REVENUE | $42.4B |
| Cost of Revenue | $23.6B |
| GROSS PROFIT | $18.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $269M |
| General & Administrative | $7.6B |
| SG&A Expenses | $7.9B |
| Other Expenses | $5.7B |
| Operating Expenses | $13.6B |
| Cost & Expenses | $37.1B |
| OPERATING INCOME | $5.2B |
| Interest Income | $35.9B |
| Interest Expense | $20.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.2B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | -$19M |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $1.1B |
| EBIT | $5.2B |
| EBITDA | $6.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $42.4B |
| Cost of Revenue | $23.6B |
| GROSS PROFIT | $18.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $269M |
| General & Administrative | $7.6B |
| SG&A Expenses | $7.9B |
| Other Expenses | $5.7B |
| Operating Expenses | $13.6B |
| Cost & Expenses | $37.1B |
| OPERATING INCOME | $5.2B |
| Interest Income | $35.9B |
| Interest Expense | $20.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.2B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | -$19M |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $1.1B |
| EBIT | $5.2B |
| EBITDA | $6.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.0B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $228M |
| Other Non-Cash Items | -$6.3B |
| Change in Working Capital | -$35.6B |
| OPERATING CASH FLOW | -$36.6B |
| Capital Expenditure | -$1.8B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66.2B |
| Sales/Maturities of Investments | $78.5B |
| Other Investing Activities | $39.5B |
| NET CASH FROM INVESTING | $50.0B |
| Net Debt Issuance | $21.1B |
| Common Stock Repurchased | -$4.0B |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$8.7B |
| NET CASH FROM FINANCING | $7.1B |
| FREE CASH FLOW | -$38.3B |
| Net Change in Cash | $29.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $337.5B |
| Short-Term Investments | $225.7B |
| Net Receivables | $64.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $627.5B |
| PP&E (Net) | $32.3B |
| Goodwill | $19.9B |
| Intangible Assets | $4.4B |
| Long-Term Investments | $919.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0T |
| TOTAL NON-CURRENT ASSETS | $2.0T |
| TOTAL ASSETS | $2.6T |
| Account Payables | $90.9B |
| Short-Term Debt | $403.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5T |
| TOTAL CURRENT LIABILITIES | $2.0T |
| Long-Term Debt | $317.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $74.8B |
| TOTAL NON-CURRENT LIABILITIES | $392.5B |
| TOTAL LIABILITIES | $2.4T |
| Common Stock | $31M |
| Additional Paid-In Capital | $108.8B |
| Retained Earnings | $211.7B |
| Treasury Stock | -$79.9B |
| Accum. Other Comp. Income | -$43.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $213.2B |
| Minority Interest | $908M |
| TOTAL EQUITY | $214.1B |
| TOTAL LIABILITIES & EQUITY | $2.6T |
| Total Debt | $721.2B |
| Net Debt | $383.8B |
