| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.0B | $9.4B | $9.3B | 5.8% | 7.6% |
| Op. Income | $1.8B | $1.9B | $1.6B | -3.9% | 12.2% |
| Gross Margin | 77.8% | 77.7% | 76.9% | 0.1pp | 0.9pp |
| Net Margin | 17.1% | 16.2% | 15.6% | 0.9pp | 1.5pp |
| EPS (Diluted) | $1.75 | $1.58 | $1.47 | 10.8% | 19.0% |
| Free Cash Flow | $3.8B | $1.8B | $3.3B | 114.5% | 17.2% |
| Item | Amount |
|---|---|
| REVENUE | $10.0B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $3.5B |
| General & Administrative | $767M |
| SG&A Expenses | $4.2B |
| Other Expenses | $298M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $8.2B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | $168M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $280M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $877M |
| EBIT | $2.1B |
| EBITDA | $3.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $10.0B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $3.5B |
| General & Administrative | $767M |
| SG&A Expenses | $4.2B |
| Other Expenses | $298M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $8.2B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | $168M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $280M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $877M |
| EBIT | $2.1B |
| EBITDA | $3.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $877M |
| Stock-Based Compensation | $803M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $431M |
| Change in Working Capital | $151M |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$154M |
| Acquisitions (Net) | -$2.2B |
| Purchases of Investments | -$2.0B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.9B |
| Net Debt Issuance | -$98M |
| Common Stock Repurchased | -$76M |
| Common Dividends Paid | -$383M |
| Other Financing Activities | $484M |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | $3.8B |
| Net Change in Cash | $851M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.8B |
| Short-Term Investments | $5.2B |
| Net Receivables | $11.9B |
| Inventory | $0 |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $29.7B |
| PP&E (Net) | $5.4B |
| Goodwill | $51.3B |
| Intangible Assets | $4.4B |
| Long-Term Investments | $4.9B |
| Tax Assets | $4.8B |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $73.2B |
| TOTAL ASSETS | $102.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $20.7B |
| Other Current Liabilities | $6.7B |
| TOTAL CURRENT LIABILITIES | $28.0B |
| Long-Term Debt | $8.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $13.8B |
| TOTAL LIABILITIES | $41.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $64.6B |
| Retained Earnings | $16.4B |
| Treasury Stock | -$19.5B |
| Accum. Other Comp. Income | -$266M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $61.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $61.2B |
| TOTAL LIABILITIES & EQUITY | $102.9B |
| Total Debt | $11.4B |
| Net Debt | $2.5B |
