Q1 2026 Earnings

Reported April 21, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$19.3B	$19.6B	$13.4B	-1.5%	44.1%
Op. Income	$2.7B	$2.1B	$1.7B	28.6%	56.1%
Gross Margin	57.8%	57.4%	56.9%	0.4pp	0.9pp
Net Margin	11.3%	10.9%	10.5%	0.4pp	0.8pp
EPS (Diluted)	$3.34	$3.26	$3.45	2.5%	-3.2%

Revenue Flow

Item	Amount
REVENUE	$19.3B
Cost of Revenue	$8.2B
GROSS PROFIT	$11.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4.5B
SG&A Expenses	$4.5B
Other Expenses	$3.9B
Operating Expenses	$8.5B
Cost & Expenses	$16.6B
OPERATING INCOME	$2.7B
Interest Income	$16.2B
Interest Expense	$4.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$518M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$2.2B
Net Income Deductions	$20M
BOTTOM LINE NET INCOME	$2.1B
D&A	$0
EBIT	$2.7B
EBITDA	$2.7B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$19.3B
Cost of Revenue	$8.2B
GROSS PROFIT	$11.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4.5B
SG&A Expenses	$4.5B
Other Expenses	$3.9B
Operating Expenses	$8.5B
Cost & Expenses	$16.6B
OPERATING INCOME	$2.7B
Interest Income	$16.2B
Interest Expense	$4.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$518M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$2.2B
Net Income Deductions	$20M
BOTTOM LINE NET INCOME	$2.1B
D&A	$0
EBIT	$2.7B
EBITDA	$2.7B
EPS	$3
EPS Diluted	$3

Balance Sheet

Item	Amount
Cash & Equivalents	$7.3B
Short-Term Investments	$0
Net Receivables	$3.5B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10.8B
PP&E (Net)	$5.7B
Goodwill	$28.5B
Intangible Assets	$16.1B
Long-Term Investments	$588.6B
Tax Assets	$0
Other Non-Current Assets	$33.2B
TOTAL NON-CURRENT ASSETS	$672.1B
TOTAL ASSETS	$682.9B
Account Payables	$0
Short-Term Debt	$626M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$626M
Long-Term Debt	$51.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$518.8B
TOTAL NON-CURRENT LIABILITIES	$570.0B
TOTAL LIABILITIES	$570.6B
Common Stock	$7M
Additional Paid-In Capital	$64.3B
Retained Earnings	$66.8B
Treasury Stock	-$12.9B
Accum. Other Comp. Income	-$5.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$112.3B
Minority Interest	$0
TOTAL EQUITY	$112.3B
TOTAL LIABILITIES & EQUITY	$682.9B
Total Debt	$51.9B
Net Debt	$44.6B