| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.8B | $12.5B | $11.5B | -5.1% | 2.4% |
| Op. Income | $1.8B | $4.0B | $2.7B | -53.8% | -32.0% |
| Gross Margin | 60.0% | 61.5% | 60.0% | -1.4pp | 0.0pp |
| Net Margin | 19.2% | 29.7% | 19.0% | -10.5pp | 0.2pp |
| EPS (Diluted) | $0.53 | $0.86 | $0.51 | -38.4% | 3.9% |
| Free Cash Flow | $2.9B | $4.6B | $3.1B | -37.0% | -8.7% |
| Item | Amount |
|---|---|
| REVENUE | $11.8B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $7.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.5B |
| General & Administrative | $2.7B |
| SG&A Expenses | $4.2B |
| Other Expenses | $1.1B |
| Operating Expenses | $5.3B |
| Cost & Expenses | $10.0B |
| OPERATING INCOME | $1.8B |
| Interest Income | $233M |
| Interest Expense | $431M |
| Other Income/Expenses | $1.1B |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $646M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $236M |
| EBIT | $3.4B |
| EBITDA | $3.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.8B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $7.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.5B |
| General & Administrative | $2.7B |
| SG&A Expenses | $4.2B |
| Other Expenses | $1.1B |
| Operating Expenses | $5.3B |
| Cost & Expenses | $10.0B |
| OPERATING INCOME | $1.8B |
| Interest Income | $233M |
| Interest Expense | $431M |
| Other Income/Expenses | $1.1B |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $646M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $236M |
| EBIT | $3.4B |
| EBITDA | $3.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $236M |
| Stock-Based Compensation | $75M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | $321M |
| Change in Working Capital | $832M |
| OPERATING CASH FLOW | $3.8B |
| Capital Expenditure | -$882M |
| Acquisitions (Net) | $3.8B |
| Purchases of Investments | -$2.9B |
| Sales/Maturities of Investments | $365M |
| Other Investing Activities | -$93M |
| NET CASH FROM INVESTING | $294M |
| Net Debt Issuance | -$675M |
| Common Stock Repurchased | -$102M |
| Common Dividends Paid | -$4.4B |
| Other Financing Activities | -$1.3B |
| NET CASH FROM FINANCING | -$6.4B |
| FREE CASH FLOW | $2.9B |
| Net Change in Cash | -$2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.3B |
| Short-Term Investments | $3.6B |
| Net Receivables | $3.0B |
| Inventory | $4.4B |
| Other Current Assets | $9.7B |
| TOTAL CURRENT ASSETS | $31.0B |
| PP&E (Net) | $9.6B |
| Goodwill | $15.5B |
| Intangible Assets | $12.5B |
| Long-Term Investments | $20.2B |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $14.7B |
| TOTAL NON-CURRENT ASSETS | $73.8B |
| TOTAL ASSETS | $104.8B |
| Account Payables | $14.8B |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $21.3B |
| Long-Term Debt | $42.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $4.7B |
| TOTAL NON-CURRENT LIABILITIES | $49.3B |
| TOTAL LIABILITIES | $70.5B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $20.6B |
| Retained Earnings | $80.4B |
| Treasury Stock | -$56.4B |
| Accum. Other Comp. Income | -$14.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.2B |
| Minority Interest | $2.1B |
| TOTAL EQUITY | $34.3B |
| TOTAL LIABILITIES & EQUITY | $104.8B |
| Total Debt | $45.5B |
| Net Debt | $35.2B |
