| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32.3B | $31.2B | $31.9B | 3.6% | 1.2% |
| Op. Income | $3.5B | $5.5B | $5.0B | -37.0% | -30.1% |
| Gross Margin | 60.6% | 59.4% | 56.6% | 1.2pp | 4.0pp |
| Net Margin | 6.1% | 10.7% | 15.0% | -4.6pp | -8.9pp |
| EPS (Diluted) | $0.60 | $0.90 | $1.24 | -33.3% | -51.6% |
| Free Cash Flow | $5.1B | $5.6B | $4.2B | -9.4% | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $32.3B |
| Cost of Revenue | $12.7B |
| GROSS PROFIT | $19.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.4B |
| General & Administrative | $11.9B |
| SG&A Expenses | $14.3B |
| Other Expenses | $1.8B |
| Operating Expenses | $16.1B |
| Cost & Expenses | $28.8B |
| OPERATING INCOME | $3.5B |
| Interest Income | $0 |
| Interest Expense | $1.1B |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $89M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | -$195M |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $4.2B |
| EBIT | $3.3B |
| EBITDA | $7.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $32.3B |
| Cost of Revenue | $12.7B |
| GROSS PROFIT | $19.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.4B |
| General & Administrative | $11.9B |
| SG&A Expenses | $14.3B |
| Other Expenses | $1.8B |
| Operating Expenses | $16.1B |
| Cost & Expenses | $28.8B |
| OPERATING INCOME | $3.5B |
| Interest Income | $0 |
| Interest Expense | $1.1B |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $89M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | -$195M |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $4.2B |
| EBIT | $3.3B |
| EBITDA | $7.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.2B |
| Depreciation & Amortization | $4.2B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$576M |
| Other Non-Cash Items | $733M |
| Change in Working Capital | $2.3B |
| OPERATING CASH FLOW | $8.8B |
| Capital Expenditure | -$3.7B |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $121M |
| NET CASH FROM INVESTING | -$4.4B |
| Net Debt Issuance | -$374M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$102M |
| NET CASH FROM FINANCING | -$3.2B |
| FREE CASH FLOW | $5.1B |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.5B |
| Short-Term Investments | $0 |
| Net Receivables | $13.9B |
| Inventory | $0 |
| Other Current Assets | $6.2B |
| TOTAL CURRENT ASSETS | $29.6B |
| PP&E (Net) | $71.0B |
| Goodwill | $61.5B |
| Intangible Assets | $81.8B |
| Long-Term Investments | $9.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $18.9B |
| TOTAL NON-CURRENT ASSETS | $243.1B |
| TOTAL ASSETS | $272.6B |
| Account Payables | $11.1B |
| Short-Term Debt | $6.6B |
| Deferred Revenue | $4.1B |
| Other Current Liabilities | $11.7B |
| TOTAL CURRENT LIABILITIES | $33.5B |
| Long-Term Debt | $98.4B |
| Deferred Revenue NC | $621M |
| Deferred Tax Liabilities | $27.8B |
| Other Non-Current Liabilities | $9.5B |
| TOTAL NON-CURRENT LIABILITIES | $141.7B |
| TOTAL LIABILITIES | $175.3B |
| Common Stock | $45M |
| Additional Paid-In Capital | $37.7B |
| Retained Earnings | $66.7B |
| Treasury Stock | -$7.5B |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $96.9B |
| Minority Interest | $473M |
| TOTAL EQUITY | $97.4B |
| TOTAL LIABILITIES & EQUITY | $272.6B |
| Total Debt | $110.4B |
| Net Debt | $101.0B |
