| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.7B | $2.9B | 4.5% | 30.8% |
| Op. Income | $474M | $503M | $394M | -5.7% | 20.3% |
| Gross Margin | 25.8% | 26.3% | 27.5% | -0.5pp | -1.7pp |
| Net Margin | 7.1% | 8.7% | 8.3% | -1.6pp | -1.2pp |
| EPS (Diluted) | $3.40 | $4.24 | $3.23 | -19.8% | 5.3% |
| Free Cash Flow | $56M | $220M | -$308M | -74.4% | 118.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $989M |
| R&D Expenses | $0 |
| Selling & Marketing | $178M |
| General & Administrative | $144M |
| SG&A Expenses | $322M |
| Other Expenses | $194M |
| Operating Expenses | $515M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $474M |
| Interest Income | $0 |
| Interest Expense | $106M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $369M |
| Income Tax Expense | $96M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $273M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $273M |
| D&A | $142M |
| EBIT | $474M |
| EBITDA | $617M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $989M |
| R&D Expenses | $0 |
| Selling & Marketing | $178M |
| General & Administrative | $144M |
| SG&A Expenses | $322M |
| Other Expenses | $194M |
| Operating Expenses | $515M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $474M |
| Interest Income | $0 |
| Interest Expense | $106M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $369M |
| Income Tax Expense | $96M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $273M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $273M |
| D&A | $142M |
| EBIT | $474M |
| EBITDA | $617M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $273M |
| Depreciation & Amortization | $142M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$106.0K |
| Other Non-Cash Items | $111M |
| Change in Working Capital | -$354M |
| OPERATING CASH FLOW | $193M |
| Capital Expenditure | -$137M |
| Acquisitions (Net) | -$112M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$250M |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | $1.7B |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$82M |
| NET CASH FROM FINANCING | $3.1B |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $3.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $125M |
| Net Receivables | $4.3B |
| Inventory | $0 |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $10.6B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.2B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $329M |
| Tax Assets | $130M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $17.5B |
| Account Payables | $2.9B |
| Short-Term Debt | $0 |
| Deferred Revenue | $263M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $7.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $8.9B |
| TOTAL LIABILITIES | $12.4B |
| Common Stock | $136.0K |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $5.6B |
| Treasury Stock | -$4.3B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $17.5B |
| Total Debt | $7.3B |
| Net Debt | $3.2B |
