| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.0B | $3.9B | 2.1% | 5.2% |
| Op. Income | $553M | $506M | $550M | 9.3% | 0.5% |
| Gross Margin | 33.5% | 32.9% | 35.4% | 0.6pp | -1.9pp |
| Net Margin | 8.1% | 6.6% | 7.3% | 1.5pp | 0.8pp |
| EPS (Diluted) | $1.93 | $1.54 | $1.55 | 25.3% | 24.5% |
| Free Cash Flow | $1.2B | $292M | $571M | 311.3% | 110.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $514M |
| Other Expenses | $306M |
| Operating Expenses | $820M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $553M |
| Interest Income | $13M |
| Interest Expense | $189M |
| Other Income/Expenses | -$145M |
| INCOME BEFORE TAX | $408M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $332M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2M |
| NET INCOME | $331M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $331M |
| D&A | $286M |
| EBIT | $597M |
| EBITDA | $883M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $514M |
| Other Expenses | $306M |
| Operating Expenses | $820M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $553M |
| Interest Income | $13M |
| Interest Expense | $189M |
| Other Income/Expenses | -$145M |
| INCOME BEFORE TAX | $408M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $332M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2M |
| NET INCOME | $331M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $331M |
| D&A | $286M |
| EBIT | $597M |
| EBITDA | $883M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $332M |
| Depreciation & Amortization | $286M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$46M |
| Other Non-Cash Items | -$171M |
| Change in Working Capital | $452M |
| OPERATING CASH FLOW | $908M |
| Capital Expenditure | $293M |
| Acquisitions (Net) | -$456M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$386M |
| NET CASH FROM INVESTING | -$550M |
| Net Debt Issuance | -$535M |
| Common Stock Repurchased | $1.0B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.1B |
| NET CASH FROM FINANCING | -$572M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$225M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $158M |
| Net Receivables | $3.3B |
| Inventory | $0 |
| Other Current Assets | $693M |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $824M |
| Goodwill | $15.9B |
| Intangible Assets | $4.7B |
| Long-Term Investments | $405M |
| Tax Assets | $390M |
| Other Non-Current Assets | $474M |
| TOTAL NON-CURRENT ASSETS | $22.7B |
| TOTAL ASSETS | $28.7B |
| Account Payables | $3.5B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $8.5B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $207M |
| Other Non-Current Liabilities | $698M |
| TOTAL NON-CURRENT LIABILITIES | $13.9B |
| TOTAL LIABILITIES | $22.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $11.3B |
| Retained Earnings | $6.9B |
| Treasury Stock | -$11.1B |
| Accum. Other Comp. Income | -$928M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $128M |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $28.7B |
| Total Debt | $15.2B |
| Net Debt | $13.4B |
