| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.7B | — | $17.6B | — | 12.2% |
| Op. Income | $4.2B | — | $3.9B | — | 6.8% |
| Gross Margin | 61.6% | — | 59.5% | — | 2.1pp |
| Net Margin | 28.4% | — | 16.6% | — | 11.8pp |
| EPS (Diluted) | $5.88 | — | $3.09 | — | 90.3% |
| Free Cash Flow | $3.1B | — | $3.9B | — | -19.4% |
| Item | Amount |
|---|---|
| REVENUE | $19.7B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $12.1B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $305M |
| General & Administrative | $5.5B |
| SG&A Expenses | $5.8B |
| Other Expenses | $0 |
| Operating Expenses | $8.0B |
| Cost & Expenses | $15.5B |
| OPERATING INCOME | $4.2B |
| Interest Income | $0 |
| Interest Expense | $478M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $4.1B |
| Income Tax Expense | -$1.4B |
| Net Income from Continuing Ops | $5.6B |
| Net Income from Discontinued Ops | $21M |
| Other Adjustments | $0 |
| NET INCOME | $5.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.6B |
| D&A | $1.3B |
| EBIT | $4.6B |
| EBITDA | $5.9B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $19.7B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $12.1B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $305M |
| General & Administrative | $5.5B |
| SG&A Expenses | $5.8B |
| Other Expenses | $0 |
| Operating Expenses | $8.0B |
| Cost & Expenses | $15.5B |
| OPERATING INCOME | $4.2B |
| Interest Income | $0 |
| Interest Expense | $478M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $4.1B |
| Income Tax Expense | -$1.4B |
| Net Income from Continuing Ops | $5.6B |
| Net Income from Discontinued Ops | $21M |
| Other Adjustments | $0 |
| NET INCOME | $5.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.6B |
| D&A | $1.3B |
| EBIT | $4.6B |
| EBITDA | $5.9B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $5.6B |
| Depreciation & Amortization | $1.3B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $496M |
| Change in Working Capital | -$3.3B |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$908M |
| Acquisitions (Net) | -$507M |
| Purchases of Investments | $8.5B |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5.7B |
| NET CASH FROM INVESTING | $1.4B |
| Net Debt Issuance | -$5.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | $3.7B |
| NET CASH FROM FINANCING | -$3.4B |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.6B |
| Short-Term Investments | $830M |
| Net Receivables | $17.6B |
| Inventory | $1.2B |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $35.9B |
| PP&E (Net) | $9.0B |
| Goodwill | $67.7B |
| Intangible Assets | $11.4B |
| Long-Term Investments | $7.7B |
| Tax Assets | $8.6B |
| Other Non-Current Assets | $11.6B |
| TOTAL NON-CURRENT ASSETS | $116.0B |
| TOTAL ASSETS | $151.9B |
| Account Payables | $4.8B |
| Short-Term Debt | $7.2B |
| Deferred Revenue | $16.1B |
| Other Current Liabilities | $6.5B |
| TOTAL CURRENT LIABILITIES | $38.7B |
| Long-Term Debt | $57.4B |
| Deferred Revenue NC | $4.3B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16.3B |
| TOTAL NON-CURRENT LIABILITIES | $80.5B |
| TOTAL LIABILITIES | $119.1B |
| Common Stock | $63.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $155.6B |
| Treasury Stock | -$170.6B |
| Accum. Other Comp. Income | -$15.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.6B |
| Minority Interest | $93M |
| TOTAL EQUITY | $32.7B |
| TOTAL LIABILITIES & EQUITY | $151.9B |
| Total Debt | $67.2B |
| Net Debt | $53.5B |
