| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.5B | $5.2B | -4.6% | 0.9% |
| Op. Income | $1.4B | $1.7B | $1.6B | -15.3% | -10.4% |
| Gross Margin | 58.9% | 61.8% | 61.5% | -3.0pp | -2.7pp |
| Net Margin | 15.0% | 18.6% | 10.8% | -3.6pp | 4.2pp |
| EPS (Diluted) | $1.46 | $1.86 | $0.98 | -21.5% | 49.0% |
| Free Cash Flow | $1.3B | $1.2B | $1.8B | 9.4% | -29.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | -$100M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $1.4B |
| Interest Income | $19M |
| Interest Expense | $422M |
| Other Income/Expenses | -$464M |
| INCOME BEFORE TAX | $972M |
| Income Tax Expense | $173M |
| Net Income from Continuing Ops | $799M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $792M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $792M |
| D&A | $541M |
| EBIT | $1.4B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | -$100M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $1.4B |
| Interest Income | $19M |
| Interest Expense | $422M |
| Other Income/Expenses | -$464M |
| INCOME BEFORE TAX | $972M |
| Income Tax Expense | $173M |
| Net Income from Continuing Ops | $799M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $792M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $792M |
| D&A | $541M |
| EBIT | $1.4B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $799M |
| Depreciation & Amortization | $788M |
| Stock-Based Compensation | $87M |
| Deferred Income Tax | -$374M |
| Other Non-Cash Items | -$30M |
| Change in Working Capital | $535M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$507M |
| Acquisitions (Net) | -$32M |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$70M |
| NET CASH FROM INVESTING | -$634M |
| Net Debt Issuance | $326M |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$658M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$204M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $884M |
| Short-Term Investments | $0 |
| Net Receivables | $4.2B |
| Inventory | $0 |
| Other Current Assets | $16.6B |
| TOTAL CURRENT ASSETS | $24.2B |
| PP&E (Net) | $3.0B |
| Goodwill | $37.4B |
| Intangible Assets | $10.2B |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.5B |
| TOTAL NON-CURRENT ASSETS | $55.2B |
| TOTAL ASSETS | $79.4B |
| Account Payables | $717M |
| Short-Term Debt | $876M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $15.8B |
| TOTAL CURRENT LIABILITIES | $22.4B |
| Long-Term Debt | $27.3B |
| Deferred Revenue NC | $257M |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $893M |
| TOTAL NON-CURRENT LIABILITIES | $31.9B |
| TOTAL LIABILITIES | $54.2B |
| Common Stock | $8M |
| Additional Paid-In Capital | $23.2B |
| Retained Earnings | $26.2B |
| Treasury Stock | -$23.4B |
| Accum. Other Comp. Income | -$985M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.1B |
| Minority Interest | $23M |
| TOTAL EQUITY | $25.1B |
| TOTAL LIABILITIES & EQUITY | $79.4B |
| Total Debt | $30.3B |
| Net Debt | $29.4B |
