| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.0B | $3.1B | 2.7% | 0.5% |
| Op. Income | $629M | $554M | $470M | 13.5% | 33.8% |
| Gross Margin | 63.6% | 62.3% | 56.3% | 1.3pp | 7.3pp |
| Net Margin | 16.0% | 14.5% | 12.4% | 1.5pp | 3.6pp |
| EPS (Diluted) | $1.05 | $0.92 | $0.76 | 14.1% | 38.2% |
| Free Cash Flow | $1.7B | $853M | $96M | 94.7% | 1630.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $44M |
| General & Administrative | $737M |
| SG&A Expenses | $781M |
| Other Expenses | $554M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $629M |
| Interest Income | $2.5B |
| Interest Expense | $970M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $629M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $494M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $494M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $457M |
| D&A | $119M |
| EBIT | $629M |
| EBITDA | $748M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $44M |
| General & Administrative | $737M |
| SG&A Expenses | $781M |
| Other Expenses | $554M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $629M |
| Interest Income | $2.5B |
| Interest Expense | $970M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $629M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $494M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $494M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $457M |
| D&A | $119M |
| EBIT | $629M |
| EBITDA | $748M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $494M |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | $368M |
| Change in Working Capital | $670M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$2.1B |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$184M |
| Other Financing Activities | $4.9B |
| NET CASH FROM FINANCING | $2.9B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $3.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.3B |
| Short-Term Investments | $35.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $47.6B |
| PP&E (Net) | $857M |
| Goodwill | $8.2B |
| Intangible Assets | $123M |
| Long-Term Investments | $149.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $16.9B |
| TOTAL NON-CURRENT ASSETS | $175.1B |
| TOTAL ASSETS | $222.7B |
| Account Payables | $0 |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $180.0B |
| TOTAL CURRENT LIABILITIES | $182.2B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.3B |
| TOTAL NON-CURRENT LIABILITIES | $14.7B |
| TOTAL LIABILITIES | $196.9B |
| Common Stock | $7M |
| Additional Paid-In Capital | $22.4B |
| Retained Earnings | $11.1B |
| Treasury Stock | -$7.5B |
| Accum. Other Comp. Income | -$2.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.8B |
| TOTAL LIABILITIES & EQUITY | $222.7B |
| Total Debt | $10.7B |
| Net Debt | -$1.7B |
