| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.1B | $6.7B | $7.0B | 6.2% | 1.8% |
| Op. Income | $2.5B | $2.2B | $2.6B | 10.6% | -6.4% |
| Gross Margin | 78.8% | 76.9% | 77.8% | 1.9pp | 1.0pp |
| Net Margin | 27.7% | 19.7% | 23.2% | 8.0pp | 4.5pp |
| EPS (Diluted) | $1.56 | $1.04 | $1.29 | 50.0% | 20.9% |
| Free Cash Flow | $720M | $1.7B | $1.2B | -56.4% | -39.7% |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $5.6B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $864M |
| General & Administrative | $501M |
| SG&A Expenses | $1.4B |
| Other Expenses | $250M |
| Operating Expenses | $3.1B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $2.5B |
| Interest Income | $73M |
| Interest Expense | $254M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $468M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $691M |
| EBIT | $2.7B |
| EBITDA | $3.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $5.6B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $864M |
| General & Administrative | $501M |
| SG&A Expenses | $1.4B |
| Other Expenses | $250M |
| Operating Expenses | $3.1B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $2.5B |
| Interest Income | $73M |
| Interest Expense | $254M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $468M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $691M |
| EBIT | $2.7B |
| EBITDA | $3.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $691M |
| Stock-Based Compensation | $225M |
| Deferred Income Tax | -$178M |
| Other Non-Cash Items | $143M |
| Change in Working Capital | -$2.0B |
| OPERATING CASH FLOW | $827M |
| Capital Expenditure | -$107M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | -$2.3B |
| Sales/Maturities of Investments | $310M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$527M |
| Common Dividends Paid | -$994M |
| Other Financing Activities | -$64M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $720M |
| Net Change in Cash | -$2.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $69M |
| Net Receivables | $4.8B |
| Inventory | $1.8B |
| Other Current Assets | $2.9B |
| TOTAL CURRENT ASSETS | $14.7B |
| PP&E (Net) | $5.5B |
| Goodwill | $8.3B |
| Intangible Assets | $18.6B |
| Long-Term Investments | $1.9B |
| Tax Assets | $2.7B |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $41.0B |
| TOTAL ASSETS | $55.7B |
| Account Payables | $582M |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.6B |
| TOTAL CURRENT LIABILITIES | $11.2B |
| Long-Term Debt | $22.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $652M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $24.9B |
| TOTAL LIABILITIES | $36.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $8.4B |
| Retained Earnings | $11.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.7B |
| Minority Interest | -$84M |
| TOTAL EQUITY | $19.6B |
| TOTAL LIABILITIES & EQUITY | $55.7B |
| Total Debt | $24.9B |
| Net Debt | $19.8B |
