| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31.3B | $31.6B | $31.2B | -0.9% | 0.3% |
| Op. Income | $5.0B | $5.6B | $3.9B | -12.2% | 26.6% |
| Gross Margin | 45.4% | 46.8% | 39.9% | -1.4pp | 5.5pp |
| Net Margin | 11.9% | 15.0% | 9.8% | -3.1pp | 2.1pp |
| EPS (Diluted) | $10.95 | $14.12 | $8.62 | -22.5% | 27.0% |
| Free Cash Flow | $5.2B | -$37.7B | $5.6B | 113.8% | -6.8% |
| Item | Amount |
|---|---|
| REVENUE | $31.3B |
| Cost of Revenue | $17.1B |
| GROSS PROFIT | $14.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $167M |
| General & Administrative | $4.7B |
| SG&A Expenses | $4.9B |
| Other Expenses | $4.4B |
| Operating Expenses | $9.2B |
| Cost & Expenses | $26.3B |
| OPERATING INCOME | $5.0B |
| Interest Income | $19.8B |
| Interest Expense | $16.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.5B |
| D&A | $618M |
| EBIT | $5.0B |
| EBITDA | $5.6B |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| REVENUE | $31.3B |
| Cost of Revenue | $17.1B |
| GROSS PROFIT | $14.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $167M |
| General & Administrative | $4.7B |
| SG&A Expenses | $4.9B |
| Other Expenses | $4.4B |
| Operating Expenses | $9.2B |
| Cost & Expenses | $26.3B |
| OPERATING INCOME | $5.0B |
| Interest Income | $19.8B |
| Interest Expense | $16.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.5B |
| D&A | $618M |
| EBIT | $5.0B |
| EBITDA | $5.6B |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| Net Income | $3.7B |
| Depreciation & Amortization | $618M |
| Stock-Based Compensation | $533M |
| Deferred Income Tax | -$356M |
| Other Non-Cash Items | $384M |
| Change in Working Capital | $770M |
| OPERATING CASH FLOW | $5.7B |
| Capital Expenditure | -$476M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23.9B |
| Sales/Maturities of Investments | $19.0B |
| Other Investing Activities | -$5.9B |
| NET CASH FROM INVESTING | -$11.3B |
| Net Debt Issuance | $677M |
| Common Stock Repurchased | -$3.0B |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$9.7B |
| NET CASH FROM FINANCING | -$13.3B |
| FREE CASH FLOW | $5.2B |
| Net Change in Cash | -$14.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153.0B |
| Short-Term Investments | $13.8B |
| Net Receivables | $200.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $367.2B |
| PP&E (Net) | $9.8B |
| Goodwill | $6.0B |
| Intangible Assets | $888M |
| Long-Term Investments | $462.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $939.0B |
| TOTAL NON-CURRENT ASSETS | $1.4T |
| TOTAL ASSETS | $1.8T |
| Account Payables | $259.3B |
| Short-Term Debt | $314.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $648.9B |
| TOTAL CURRENT LIABILITIES | $1.2T |
| Long-Term Debt | $286.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $139.5B |
| TOTAL NON-CURRENT LIABILITIES | $428.2B |
| TOTAL LIABILITIES | $1.7T |
| Common Stock | $9M |
| Additional Paid-In Capital | $61.9B |
| Retained Earnings | $159.5B |
| Treasury Stock | -$115.9B |
| Accum. Other Comp. Income | -$2.0B |
| Other Equity | $5.4B |
| TOTAL STOCKHOLDERS' EQUITY | $124.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $124.1B |
| TOTAL LIABILITIES & EQUITY | $1.8T |
| Total Debt | $603.2B |
| Net Debt | $450.2B |
