| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $986M | $974M | $948M | 1.2% | 4.0% |
| Op. Income | $374M | $402M | $332M | -7.0% | 12.7% |
| Gross Margin | 80.4% | 80.1% | 80.8% | 0.3pp | -0.4pp |
| Net Margin | 16.1% | 16.5% | 15.0% | -0.4pp | 1.1pp |
| EPS (Diluted) | $0.26 | $0.26 | $0.22 | 0.0% | 18.2% |
| Free Cash Flow | $318M | $156M | $307M | 103.8% | 3.6% |
| Item | Amount |
|---|---|
| REVENUE | $986M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $793M |
| R&D Expenses | $84M |
| Selling & Marketing | $182M |
| General & Administrative | $108M |
| SG&A Expenses | $290M |
| Other Expenses | $45M |
| Operating Expenses | $419M |
| Cost & Expenses | $612M |
| OPERATING INCOME | $374M |
| Interest Income | $6M |
| Interest Expense | $141M |
| Other Income/Expenses | -$166M |
| INCOME BEFORE TAX | $208M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $104M |
| EBIT | $349M |
| EBITDA | $453M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $986M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $793M |
| R&D Expenses | $84M |
| Selling & Marketing | $182M |
| General & Administrative | $108M |
| SG&A Expenses | $290M |
| Other Expenses | $45M |
| Operating Expenses | $419M |
| Cost & Expenses | $612M |
| OPERATING INCOME | $374M |
| Interest Income | $6M |
| Interest Expense | $141M |
| Other Income/Expenses | -$166M |
| INCOME BEFORE TAX | $208M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $104M |
| EBIT | $349M |
| EBITDA | $453M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $159M |
| Depreciation & Amortization | $104M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $63M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $326M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$59M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$77M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$136M |
| FREE CASH FLOW | $318M |
| Net Change in Cash | $146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $883M |
| Short-Term Investments | $0 |
| Net Receivables | $164M |
| Inventory | $0 |
| Other Current Assets | $142M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $113M |
| Goodwill | $10.2B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $110M |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $14.0B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $102M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $922M |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $72M |
| Deferred Tax Liabilities | $223M |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $9.4B |
| TOTAL LIABILITIES | $13.2B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $171M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $8.5B |
| Net Debt | $7.6B |
