| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.1B | $7.3B | $7.0B | 12.2% | 16.8% |
| Op. Income | $4.8B | $4.1B | $4.0B | 15.1% | 18.4% |
| Gross Margin | 77.2% | 76.7% | 76.9% | 0.5pp | 0.3pp |
| Net Margin | 45.5% | 45.2% | 46.8% | 0.3pp | -1.3pp |
| EPS (Diluted) | $4.07 | $3.59 | $3.50 | 13.4% | 16.3% |
| Free Cash Flow | $4.6B | $2.2B | $2.8B | 105.4% | 60.6% |
| Item | Amount |
|---|---|
| REVENUE | $8.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $213M |
| General & Administrative | $873M |
| SG&A Expenses | $1.1B |
| Other Expenses | $418M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $4.8B |
| Interest Income | $0 |
| Interest Expense | $195M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | $4.7B |
| Income Tax Expense | $971M |
| Net Income from Continuing Ops | $3.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $281M |
| EBIT | $4.9B |
| EBITDA | $5.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $8.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $213M |
| General & Administrative | $873M |
| SG&A Expenses | $1.1B |
| Other Expenses | $418M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $4.8B |
| Interest Income | $0 |
| Interest Expense | $195M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | $4.7B |
| Income Tax Expense | $971M |
| Net Income from Continuing Ops | $3.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $281M |
| EBIT | $4.9B |
| EBITDA | $5.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $3.7B |
| Depreciation & Amortization | $281M |
| Stock-Based Compensation | $179M |
| Deferred Income Tax | $44M |
| Other Non-Cash Items | $535M |
| Change in Working Capital | -$137M |
| OPERATING CASH FLOW | $4.6B |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$142M |
| Sales/Maturities of Investments | $126M |
| Other Investing Activities | -$171M |
| NET CASH FROM INVESTING | -$227M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.3B |
| Common Dividends Paid | -$691M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$3.0B |
| FREE CASH FLOW | $4.6B |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.0B |
| Short-Term Investments | $336M |
| Net Receivables | $4.2B |
| Inventory | $0 |
| Other Current Assets | $8.6B |
| TOTAL CURRENT ASSETS | $22.1B |
| PP&E (Net) | $2.2B |
| Goodwill | $9.6B |
| Intangible Assets | $5.6B |
| Long-Term Investments | $1.6B |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $8.6B |
| TOTAL NON-CURRENT ASSETS | $29.3B |
| TOTAL ASSETS | $51.4B |
| Account Payables | $818M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.1B |
| TOTAL CURRENT LIABILITIES | $19.0B |
| Long-Term Debt | $19.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $361M |
| Other Non-Current Liabilities | $5.2B |
| TOTAL NON-CURRENT LIABILITIES | $24.5B |
| TOTAL LIABILITIES | $43.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | $78.5B |
| Treasury Stock | -$76.3B |
| Accum. Other Comp. Income | -$919M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $21M |
| TOTAL EQUITY | $7.9B |
| TOTAL LIABILITIES & EQUITY | $51.4B |
| Total Debt | $19.0B |
| Net Debt | $9.9B |
