| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.4B | $5.1B | -1.5% | 4.9% |
| Op. Income | $853M | $866M | $751M | -1.5% | 13.6% |
| Gross Margin | 31.1% | 33.9% | 35.1% | -2.8pp | -4.0pp |
| Net Margin | 12.2% | 5.1% | 10.7% | 7.1pp | 1.4pp |
| EPS (Diluted) | $1.34 | $0.56 | $1.10 | 139.3% | 21.8% |
| Free Cash Flow | $781M | $1.2B | $837M | -32.7% | -6.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $806M |
| Other Expenses | $0 |
| Operating Expenses | $806M |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $853M |
| Interest Income | $27M |
| Interest Expense | $8M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $883M |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $648M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $648M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $648M |
| D&A | $140M |
| EBIT | $886M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $806M |
| Other Expenses | $0 |
| Operating Expenses | $806M |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $853M |
| Interest Income | $27M |
| Interest Expense | $8M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $883M |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $648M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $648M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $648M |
| D&A | $140M |
| EBIT | $886M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $648M |
| Depreciation & Amortization | $140M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$88M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $116M |
| OPERATING CASH FLOW | $858M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $5M |
| Sales/Maturities of Investments | -$15M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$338M |
| Common Dividends Paid | -$151M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$487M |
| FREE CASH FLOW | $781M |
| Net Change in Cash | $293M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $13M |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $8.6B |
| PP&E (Net) | $1.5B |
| Goodwill | $7.1B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $111M |
| Tax Assets | $967M |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $12.1B |
| TOTAL ASSETS | $20.7B |
| Account Payables | $308M |
| Short-Term Debt | $186M |
| Deferred Revenue | $501M |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $966M |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $168M |
| Other Non-Current Liabilities | $424M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $5M |
| Additional Paid-In Capital | $12M |
| Retained Earnings | $15.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$160M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.0B |
| TOTAL LIABILITIES & EQUITY | $20.7B |
| Total Debt | $1.6B |
| Net Debt | -$326M |
