| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32.2B | $31.3B | $31.5B | 2.8% | 2.0% |
| Op. Income | $5.4B | $5.0B | $4.0B | 8.8% | 35.2% |
| Gross Margin | 46.2% | 45.4% | 39.0% | 0.8pp | 7.1pp |
| Net Margin | 12.7% | 11.9% | 9.5% | 0.8pp | 3.3pp |
| EPS (Diluted) | $12.25 | $10.95 | $8.40 | 11.9% | 45.8% |
| Free Cash Flow | $2.1B | $5.2B | -$38.5B | -59.2% | 105.5% |
| Item | Amount |
|---|---|
| REVENUE | $32.2B |
| Cost of Revenue | $17.3B |
| GROSS PROFIT | $14.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $171M |
| General & Administrative | $4.7B |
| SG&A Expenses | $4.9B |
| Other Expenses | $4.6B |
| Operating Expenses | $9.5B |
| Cost & Expenses | $26.8B |
| OPERATING INCOME | $5.4B |
| Interest Income | $20.8B |
| Interest Expense | $17.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.3B |
| Net Income from Continuing Ops | $4.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $531M |
| EBIT | $5.4B |
| EBITDA | $5.9B |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| REVENUE | $32.2B |
| Cost of Revenue | $17.3B |
| GROSS PROFIT | $14.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $171M |
| General & Administrative | $4.7B |
| SG&A Expenses | $4.9B |
| Other Expenses | $4.6B |
| Operating Expenses | $9.5B |
| Cost & Expenses | $26.8B |
| OPERATING INCOME | $5.4B |
| Interest Income | $20.8B |
| Interest Expense | $17.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.3B |
| Net Income from Continuing Ops | $4.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $531M |
| EBIT | $5.4B |
| EBITDA | $5.9B |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| Net Income | $4.1B |
| Depreciation & Amortization | $531M |
| Stock-Based Compensation | $237M |
| Deferred Income Tax | $49M |
| Other Non-Cash Items | $339M |
| Change in Working Capital | -$2.6B |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | -$558M |
| Acquisitions (Net) | $1.5B |
| Purchases of Investments | -$14.9B |
| Sales/Maturities of Investments | $15.6B |
| Other Investing Activities | -$6.7B |
| NET CASH FROM INVESTING | -$5.1B |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | -$2.0B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | $24.8B |
| NET CASH FROM FINANCING | $19.8B |
| FREE CASH FLOW | $2.1B |
| Net Change in Cash | $16.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169.0B |
| Short-Term Investments | $347.0B |
| Net Receivables | $177.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $693.0B |
| PP&E (Net) | $36.0B |
| Goodwill | $18.0B |
| Intangible Assets | $9.0B |
| Long-Term Investments | $857.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $195.0B |
| TOTAL NON-CURRENT ASSETS | $1.1T |
| TOTAL ASSETS | $1.8T |
| Account Payables | $257.0B |
| Short-Term Debt | $373.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $701.0B |
| TOTAL CURRENT LIABILITIES | $1.4T |
| Long-Term Debt | $277.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $293.6B |
| TOTAL LIABILITIES | $1.7T |
| Common Stock | $9M |
| Additional Paid-In Capital | $61.9B |
| Retained Earnings | $159.5B |
| Treasury Stock | -$219.4B |
| Accum. Other Comp. Income | -$2.0B |
| Other Equity | $108.8B |
| TOTAL STOCKHOLDERS' EQUITY | $124.0B |
| Minority Interest | $8.4B |
| TOTAL EQUITY | $132.4B |
| TOTAL LIABILITIES & EQUITY | $1.8T |
| Total Debt | $665.0B |
| Net Debt | $496.0B |
