| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.0B | $3.1B | 6.6% | 4.9% |
| Op. Income | $766M | $638M | $638M | 20.1% | 20.1% |
| Gross Margin | 62.3% | 60.6% | 57.4% | 1.7pp | 4.9pp |
| Net Margin | 19.5% | 17.7% | 16.8% | 1.8pp | 2.7pp |
| EPS (Diluted) | $0.41 | $0.34 | $0.33 | 20.6% | 24.2% |
| Free Cash Flow | $595M | $500M | -$480M | 19.0% | 224.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $34M |
| General & Administrative | $154M |
| SG&A Expenses | $188M |
| Other Expenses | $1.1B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $766M |
| Interest Income | $2.6B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $766M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $633M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $629M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $602M |
| D&A | $175M |
| EBIT | $766M |
| EBITDA | $941M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $34M |
| General & Administrative | $154M |
| SG&A Expenses | $188M |
| Other Expenses | $1.1B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $766M |
| Interest Income | $2.6B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $766M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $633M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $629M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $602M |
| D&A | $175M |
| EBIT | $766M |
| EBITDA | $941M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $633M |
| Depreciation & Amortization | $175M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$94M |
| Other Non-Cash Items | -$945M |
| Change in Working Capital | $687M |
| OPERATING CASH FLOW | $487M |
| Capital Expenditure | $108M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $473M |
| Sales/Maturities of Investments | $805M |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$266M |
| Net Debt Issuance | -$150M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$227M |
| Other Financing Activities | $1.8B |
| NET CASH FROM FINANCING | $2.2B |
| FREE CASH FLOW | $595M |
| Net Change in Cash | $2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $11.5B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $823M |
| TOTAL CURRENT ASSETS | $15.9B |
| PP&E (Net) | $1.1B |
| Goodwill | $5.5B |
| Intangible Assets | $644M |
| Long-Term Investments | $42.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $52.8B |
| TOTAL ASSETS | $210.2B |
| Account Payables | $0 |
| Short-Term Debt | $252M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $252M |
| Long-Term Debt | $17.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.2B |
| TOTAL NON-CURRENT LIABILITIES | $22.5B |
| TOTAL LIABILITIES | $187.9B |
| Common Stock | $15M |
| Additional Paid-In Capital | $15.5B |
| Retained Earnings | $6.1B |
| Treasury Stock | -$87M |
| Accum. Other Comp. Income | -$2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.2B |
| Minority Interest | $38M |
| TOTAL EQUITY | $22.3B |
| TOTAL LIABILITIES & EQUITY | $210.2B |
| Total Debt | $17.6B |
| Net Debt | $15.9B |
