| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50.2B | $49.7B | $48.9B | 0.9% | 2.6% |
| Op. Income | $2.7B | $581M | $3.1B | 358.0% | -15.3% |
| Gross Margin | 18.1% | 23.5% | 27.8% | -5.3pp | -9.6pp |
| Net Margin | 3.5% | 1.1% | 4.5% | 2.4pp | -0.9pp |
| EPS (Diluted) | $8.00 | $2.47 | $9.61 | 223.9% | -16.8% |
| Free Cash Flow | $4.1B | -$209M | $821M | 2060.3% | 399.0% |
| Item | Amount |
|---|---|
| REVENUE | $50.2B |
| Cost of Revenue | $41.1B |
| GROSS PROFIT | $9.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6.3B |
| SG&A Expenses | $6.3B |
| Other Expenses | $112M |
| Operating Expenses | $6.4B |
| Cost & Expenses | $47.5B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $357M |
| Other Income/Expenses | -$357M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $544M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $112M |
| EBIT | $2.7B |
| EBITDA | $2.8B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $50.2B |
| Cost of Revenue | $41.1B |
| GROSS PROFIT | $9.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6.3B |
| SG&A Expenses | $6.3B |
| Other Expenses | $112M |
| Operating Expenses | $6.4B |
| Cost & Expenses | $47.5B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $357M |
| Other Income/Expenses | -$357M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $544M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $112M |
| EBIT | $2.7B |
| EBITDA | $2.8B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $354M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$274M |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | $1.1B |
| OPERATING CASH FLOW | $4.3B |
| Capital Expenditure | -$235M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$4.7B |
| Sales/Maturities of Investments | $3.6B |
| Other Investing Activities | -$323M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$761M |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$376M |
| Other Financing Activities | -$291M |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | $4.1B |
| Net Change in Cash | $166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.7B |
| Short-Term Investments | $25.9B |
| Net Receivables | $22.8B |
| Inventory | $0 |
| Other Current Assets | $8.7B |
| TOTAL CURRENT ASSETS | $67.0B |
| PP&E (Net) | $4.7B |
| Goodwill | $28.3B |
| Intangible Assets | $11.1B |
| Long-Term Investments | $12.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $58.8B |
| TOTAL ASSETS | $125.8B |
| Account Payables | $6.2B |
| Short-Term Debt | $724M |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $36.6B |
| TOTAL CURRENT LIABILITIES | $45.3B |
| Long-Term Debt | $31.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $36.5B |
| TOTAL LIABILITIES | $81.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | $35.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$741M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43.9B |
| Minority Interest | $140M |
| TOTAL EQUITY | $44.0B |
| TOTAL LIABILITIES & EQUITY | $125.8B |
| Total Debt | $31.8B |
| Net Debt | $22.2B |
