| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.6B | $18.2B | $17.1B | 2.5% | 8.8% |
| Op. Income | $2.3B | $748M | $2.1B | 204.8% | 6.5% |
| Gross Margin | 12.0% | 4.0% | 12.4% | 8.0pp | -0.3pp |
| Net Margin | 8.7% | 1.9% | 9.5% | 6.8pp | -0.8pp |
| EPS (Diluted) | $6.95 | $1.46 | $6.80 | 376.0% | 2.2% |
| Free Cash Flow | $3.3B | -$150M | $2.1B | 2331.3% | 60.7% |
| Item | Amount |
|---|---|
| REVENUE | $18.6B |
| Cost of Revenue | $16.4B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$40M |
| Operating Expenses | -$40M |
| Cost & Expenses | $16.3B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $286M |
| Other Income/Expenses | -$342M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $319M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $428M |
| EBIT | $2.2B |
| EBITDA | $2.7B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $18.6B |
| Cost of Revenue | $16.4B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$40M |
| Operating Expenses | -$40M |
| Cost & Expenses | $16.3B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $286M |
| Other Income/Expenses | -$342M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $319M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $428M |
| EBIT | $2.2B |
| EBITDA | $2.7B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $428M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | $633M |
| Other Non-Cash Items | -$1.5B |
| Change in Working Capital | $2.5B |
| OPERATING CASH FLOW | $3.7B |
| Capital Expenditure | -$381M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $62M |
| NET CASH FROM INVESTING | -$319M |
| Net Debt Issuance | $536M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$765M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $3.3B |
| Net Change in Cash | $2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $0 |
| Net Receivables | $17.8B |
| Inventory | $3.7B |
| Other Current Assets | $924M |
| TOTAL CURRENT ASSETS | $25.9B |
| PP&E (Net) | $8.7B |
| Goodwill | $11.3B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $610M |
| Tax Assets | $3.4B |
| Other Non-Current Assets | $8.3B |
| TOTAL NON-CURRENT ASSETS | $34.3B |
| TOTAL ASSETS | $60.3B |
| Account Payables | $3.8B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $10.3B |
| Other Current Liabilities | $4.1B |
| TOTAL CURRENT LIABILITIES | $23.0B |
| Long-Term Debt | $20.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.6B |
| TOTAL NON-CURRENT LIABILITIES | $31.1B |
| TOTAL LIABILITIES | $54.1B |
| Common Stock | $230M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $14.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $60.3B |
| Total Debt | $22.2B |
| Net Debt | $18.7B |
