Q1 2026 Earnings

Reported April 22, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.6B	—	14.5%
Op. Income	$1.3B	—	$1.1B	—	18.2%
Gross Margin	88.1%	—	87.4%	—	0.7pp
Net Margin	61.4%	—	58.2%	—	3.2pp
EPS (Diluted)	$3.18	—	$2.62	—	21.4%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$223M
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$319M
Operating Expenses	$347M
Cost & Expenses	$570M
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$44M
Other Income/Expenses	$201M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$357M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$27M
EBIT	$1.3B
EBITDA	$1.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$223M
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$319M
Operating Expenses	$347M
Cost & Expenses	$570M
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$44M
Other Income/Expenses	$201M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$357M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$27M
EBIT	$1.3B
EBITDA	$1.3B
EPS	$3
EPS Diluted	$3

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$124M
Net Receivables	$936M
Inventory	$0
Other Current Assets	$165.6B
TOTAL CURRENT ASSETS	$169.0B
PP&E (Net)	$355M
Goodwill	$10.5B
Intangible Assets	$17.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$5.0B
TOTAL NON-CURRENT ASSETS	$33.0B
TOTAL ASSETS	$202.0B
Account Payables	$75M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$165.9B
TOTAL CURRENT LIABILITIES	$166.0B
Long-Term Debt	$3.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5.2B
Other Non-Current Liabilities	$733M
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$175.4B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$26.6B
TOTAL STOCKHOLDERS' EQUITY	$26.6B
Minority Interest	$0
TOTAL EQUITY	$26.6B
TOTAL LIABILITIES & EQUITY	$202.0B
Total Debt	$3.4B
Net Debt	$1.0B