| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.5B | $3.7B | 2.8% | -2.3% |
| Op. Income | $758M | $651M | $979M | 16.4% | -22.6% |
| Gross Margin | 62.3% | 60.7% | 62.1% | 1.6pp | 0.2pp |
| Net Margin | 15.9% | 13.7% | 19.1% | 2.2pp | -3.2pp |
| EPS (Diluted) | $42.36 | $34.47 | $47.54 | 22.9% | -10.9% |
| Free Cash Flow | $518M | -$175M | $79M | 396.0% | 555.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $32M |
| General & Administrative | $909M |
| SG&A Expenses | $941M |
| Other Expenses | $559M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $758M |
| Interest Income | $2.9B |
| Interest Expense | $1.3B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $758M |
| Income Tax Expense | $183M |
| Net Income from Continuing Ops | $575M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $575M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $561M |
| D&A | $128M |
| EBIT | $758M |
| EBITDA | $886M |
| EPS | $42 |
| EPS Diluted | $42 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $32M |
| General & Administrative | $909M |
| SG&A Expenses | $941M |
| Other Expenses | $559M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $758M |
| Interest Income | $2.9B |
| Interest Expense | $1.3B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $758M |
| Income Tax Expense | $183M |
| Net Income from Continuing Ops | $575M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $575M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $561M |
| D&A | $128M |
| EBIT | $758M |
| EBITDA | $886M |
| EPS | $42 |
| EPS Diluted | $42 |
| Item | Amount |
|---|---|
| Net Income | $575M |
| Depreciation & Amortization | $100M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$34M |
| Other Non-Cash Items | $163M |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $859M |
| Capital Expenditure | -$341M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$562M |
| Net Debt Issuance | -$351M |
| Common Stock Repurchased | -$613M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $784M |
| NET CASH FROM FINANCING | -$220M |
| FREE CASH FLOW | $518M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27.1B |
| Short-Term Investments | $10.3B |
| Net Receivables | $6.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $43.6B |
| PP&E (Net) | $11.9B |
| Goodwill | $346M |
| Intangible Assets | $250M |
| Long-Term Investments | $171.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $186.1B |
| TOTAL ASSETS | $229.7B |
| Account Payables | $120M |
| Short-Term Debt | $471M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $159.9B |
| TOTAL CURRENT LIABILITIES | $160.5B |
| Long-Term Debt | $37.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.6B |
| Other Non-Current Liabilities | $5.3B |
| TOTAL NON-CURRENT LIABILITIES | $46.8B |
| TOTAL LIABILITIES | $207.4B |
| Common Stock | $13M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $20.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$114M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.3B |
| TOTAL LIABILITIES & EQUITY | $229.7B |
| Total Debt | $38.5B |
| Net Debt | $11.4B |
