| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32.4B | $32.1B | $29.5B | 0.9% | 9.6% |
| Op. Income | $722M | $1.6B | $901M | -56.2% | -19.9% |
| Gross Margin | 14.9% | 17.4% | 15.2% | -2.5pp | -0.3pp |
| Net Margin | 1.7% | 3.9% | 2.3% | -2.2pp | -0.6pp |
| EPS (Diluted) | $4.51 | $10.30 | $5.63 | -56.2% | -19.9% |
| Free Cash Flow | $1.2B | $236M | $1.1B | 390.3% | 5.3% |
| Item | Amount |
|---|---|
| REVENUE | $32.4B |
| Cost of Revenue | $27.6B |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $4.1B |
| Operating Expenses | $4.1B |
| Cost & Expenses | $31.7B |
| OPERATING INCOME | $722M |
| Interest Income | $0 |
| Interest Expense | $157M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $722M |
| Income Tax Expense | $179M |
| Net Income from Continuing Ops | $543M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $211M |
| EBIT | $879M |
| EBITDA | $1.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $32.4B |
| Cost of Revenue | $27.6B |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $4.1B |
| Operating Expenses | $4.1B |
| Cost & Expenses | $31.7B |
| OPERATING INCOME | $722M |
| Interest Income | $0 |
| Interest Expense | $157M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $722M |
| Income Tax Expense | $179M |
| Net Income from Continuing Ops | $543M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $211M |
| EBIT | $879M |
| EBITDA | $1.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $543M |
| Depreciation & Amortization | $211M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38M |
| Change in Working Capital | $418M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$114M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $127M |
| NET CASH FROM INVESTING | $347M |
| Net Debt Issuance | -$772M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$106M |
| Other Financing Activities | -$850M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$210M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $0 |
| Net Receivables | $4.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.5B |
| PP&E (Net) | $2.4B |
| Goodwill | $9.6B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $18.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.7B |
| TOTAL NON-CURRENT ASSETS | $41.8B |
| TOTAL ASSETS | $50.4B |
| Account Payables | $11.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $274M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.3B |
| Long-Term Debt | $12.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.1B |
| TOTAL NON-CURRENT LIABILITIES | $20.7B |
| TOTAL LIABILITIES | $32.1B |
| Common Stock | $33M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $29.9B |
| Treasury Stock | -$14.5B |
| Accum. Other Comp. Income | -$783M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.2B |
| Minority Interest | $61M |
| TOTAL EQUITY | $18.3B |
| TOTAL LIABILITIES & EQUITY | $50.4B |
| Total Debt | $12.6B |
| Net Debt | $8.5B |
