| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $6.5B | $6.5B | -7.3% | -7.2% |
| Op. Income | $1.5B | $1.6B | $1.5B | -3.5% | -1.0% |
| Gross Margin | 52.5% | 49.6% | 48.1% | 2.9pp | 4.4pp |
| Net Margin | 19.0% | 18.1% | 16.8% | 0.8pp | 2.1pp |
| EPS (Diluted) | $3.01 | $3.08 | $2.76 | -2.3% | 9.0% |
| Free Cash Flow | -$8.1B | $489M | -$2.2B | -1747.0% | -259.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $40M |
| General & Administrative | $925M |
| SG&A Expenses | $966M |
| Other Expenses | $661M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $1.5B |
| Interest Income | $4.9B |
| Interest Expense | $2.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $409M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $154M |
| EBIT | $1.5B |
| EBITDA | $1.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $40M |
| General & Administrative | $925M |
| SG&A Expenses | $966M |
| Other Expenses | $661M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $1.5B |
| Interest Income | $4.9B |
| Interest Expense | $2.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $409M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $154M |
| EBIT | $1.5B |
| EBITDA | $1.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $154M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4.2B |
| Change in Working Capital | -$5.2B |
| OPERATING CASH FLOW | -$8.0B |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$741M |
| NET CASH FROM INVESTING | -$756M |
| Net Debt Issuance | $723M |
| Common Stock Repurchased | -$402M |
| Common Dividends Paid | -$260M |
| Other Financing Activities | $2.6B |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | -$8.1B |
| Net Change in Cash | -$6.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17.1B |
| Short-Term Investments | $65.0B |
| Net Receivables | $248M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $82.3B |
| PP&E (Net) | $3.5B |
| Goodwill | $0 |
| Intangible Assets | $1.2B |
| Long-Term Investments | $421.0B |
| Tax Assets | $132M |
| Other Non-Current Assets | $29.3B |
| TOTAL NON-CURRENT ASSETS | $455.1B |
| TOTAL ASSETS | $537.4B |
| Account Payables | $0 |
| Short-Term Debt | $9.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $297.7B |
| TOTAL CURRENT LIABILITIES | $307.3B |
| Long-Term Debt | $85.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $101.7B |
| TOTAL NON-CURRENT LIABILITIES | $188.6B |
| TOTAL LIABILITIES | $495.9B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $11.2B |
| Retained Earnings | $25.6B |
| Treasury Stock | -$990M |
| Accum. Other Comp. Income | -$304M |
| Other Equity | $3.2B |
| TOTAL STOCKHOLDERS' EQUITY | $40.2B |
| Minority Interest | $1.2B |
| TOTAL EQUITY | $41.4B |
| TOTAL LIABILITIES & EQUITY | $537.4B |
| Total Debt | $95.5B |
| Net Debt | $78.4B |
