| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.9B | $13.0B | $11.7B | -1.0% | 10.6% |
| Op. Income | $1.3B | $1.3B | $1.2B | 2.0% | 12.7% |
| Gross Margin | 15.2% | 14.9% | 15.6% | 0.3pp | -0.3pp |
| Net Margin | 8.2% | 7.8% | 8.0% | 0.4pp | 0.2pp |
| EPS (Diluted) | $3.89 | $3.74 | $3.35 | 4.0% | 16.1% |
| Free Cash Flow | $1.9B | $1.4B | $1.2B | 35.5% | 56.1% |
| Item | Amount |
|---|---|
| REVENUE | $12.9B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $637M |
| SG&A Expenses | $637M |
| Other Expenses | $0 |
| Operating Expenses | $637M |
| Cost & Expenses | $11.6B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $213M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $226M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $12.9B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $637M |
| SG&A Expenses | $637M |
| Other Expenses | $0 |
| Operating Expenses | $637M |
| Cost & Expenses | $11.6B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $213M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $226M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $226M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $249M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $478M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$212M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$206M |
| Net Debt Issuance | -$696M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$403M |
| Other Financing Activities | $196M |
| NET CASH FROM FINANCING | -$903M |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $997M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $0 |
| Net Receivables | $11.9B |
| Inventory | $9.8B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $25.9B |
| PP&E (Net) | $6.6B |
| Goodwill | $20.9B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $31.7B |
| TOTAL ASSETS | $57.6B |
| Account Payables | $3.5B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $10.5B |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $18.5B |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $2.1B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.1B |
| TOTAL NON-CURRENT LIABILITIES | $14.7B |
| TOTAL LIABILITIES | $33.2B |
| Common Stock | $482M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $43.3B |
| Treasury Stock | -$22.9B |
| Accum. Other Comp. Income | -$860M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.4B |
| TOTAL LIABILITIES & EQUITY | $57.6B |
| Total Debt | $9.9B |
| Net Debt | $7.4B |
