| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.4B | $6.2B | $6.6B | 1.9% | -3.4% |
| Op. Income | $1.1B | $1.0B | -$40M | 5.8% | 2810.0% |
| Gross Margin | 32.6% | 31.9% | 34.1% | 0.7pp | -1.5pp |
| Net Margin | 10.2% | 9.9% | 32.4% | 0.4pp | -22.2pp |
| EPS (Diluted) | $0.55 | $0.52 | $1.76 | 5.8% | -68.8% |
| Free Cash Flow | $1.2B | $986M | $1.1B | 18.8% | 2.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $983M |
| Other Expenses | $5M |
| Operating Expenses | $988M |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $1.1B |
| Interest Income | $37M |
| Interest Expense | $238M |
| Other Income/Expenses | -$187M |
| INCOME BEFORE TAX | $897M |
| Income Tax Expense | $249M |
| Net Income from Continuing Ops | $648M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $651M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $651M |
| D&A | $251M |
| EBIT | $1.1B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $983M |
| Other Expenses | $5M |
| Operating Expenses | $988M |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $1.1B |
| Interest Income | $37M |
| Interest Expense | $238M |
| Other Income/Expenses | -$187M |
| INCOME BEFORE TAX | $897M |
| Income Tax Expense | $249M |
| Net Income from Continuing Ops | $648M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $651M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $651M |
| D&A | $251M |
| EBIT | $1.1B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $648M |
| Depreciation & Amortization | $251M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $178M |
| Change in Working Capital | $281M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$205M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$366M |
| Sales/Maturities of Investments | $332M |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | -$223M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$474M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$488M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $693M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $1.1B |
| Net Receivables | $2.3B |
| Inventory | $3.2B |
| Other Current Assets | $740M |
| TOTAL CURRENT ASSETS | $10.1B |
| PP&E (Net) | $7.3B |
| Goodwill | $22.2B |
| Intangible Assets | $37.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.6B |
| TOTAL NON-CURRENT ASSETS | $71.7B |
| TOTAL ASSETS | $81.8B |
| Account Payables | $4.3B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $8.8B |
| Long-Term Debt | $19.3B |
| Deferred Revenue NC | $1.3B |
| Deferred Tax Liabilities | $9.0B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $31.2B |
| TOTAL LIABILITIES | $40.0B |
| Common Stock | $12M |
| Additional Paid-In Capital | $51.3B |
| Retained Earnings | -$4.6B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41.7B |
| Minority Interest | $125M |
| TOTAL EQUITY | $41.8B |
| TOTAL LIABILITIES & EQUITY | $81.8B |
| Total Debt | $21.2B |
| Net Debt | $18.6B |
