| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.9B | — | -4.2% | — |
| Op. Income | $543M | $457M | — | 18.8% | — |
| Gross Margin | 38.3% | 42.5% | — | -4.2pp | — |
| Net Margin | 18.2% | 9.0% | — | 9.2pp | — |
| EPS (Diluted) | $1.00 | $0.50 | — | 100.0% | — |
| Free Cash Flow | $779M | $993M | — | -21.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $549M |
| Other Expenses | -$16M |
| Operating Expenses | $533M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $543M |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | $54M |
| INCOME BEFORE TAX | $597M |
| Income Tax Expense | $85M |
| NET INCOME | $511M |
| D&A | $467M |
| EBIT | $685M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $549M |
| Other Expenses | -$16M |
| Operating Expenses | $533M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $543M |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | $54M |
| INCOME BEFORE TAX | $597M |
| Income Tax Expense | $85M |
| NET INCOME | $511M |
| D&A | $467M |
| EBIT | $685M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $511M |
| Depreciation & Amortization | $581M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $40M |
| Other Non-Cash Items | -$199M |
| Change in Working Capital | -$180M |
| OPERATING CASH FLOW | $798M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$57M |
| NET CASH FROM INVESTING | -$380M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | -$293M |
| Common Dividends Paid | -$207M |
| Other Financing Activities | $34M |
| NET CASH FROM FINANCING | -$393M |
| FREE CASH FLOW | $779M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $599M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $0 |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $691M |
| Goodwill | $17.8B |
| Intangible Assets | $959M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.6B |
| TOTAL NON-CURRENT ASSETS | $29.0B |
| TOTAL ASSETS | $33.5B |
| Account Payables | $0 |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $957M |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $10.8B |
| TOTAL NON-CURRENT LIABILITIES | $12.0B |
| TOTAL LIABILITIES | $19.6B |
| Common Stock | $6M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$22.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$504M |
| Other Equity | $37.1B |
| TOTAL STOCKHOLDERS' EQUITY | $13.9B |
| Minority Interest | $3M |
| TOTAL EQUITY | $13.9B |
| TOTAL LIABILITIES & EQUITY | $33.5B |
| Total Debt | $4.0B |
| Net Debt | $3.4B |
