| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.6B | $8.1B | $7.4B | 5.8% | 16.7% |
| Op. Income | $5.1B | $4.8B | $4.0B | 5.9% | 26.4% |
| Gross Margin | 78.0% | 77.2% | 74.2% | 0.8pp | 3.8pp |
| Net Margin | 45.7% | 45.5% | 44.3% | 0.1pp | 1.4pp |
| EPS (Diluted) | $4.34 | $4.07 | $3.53 | 6.6% | 22.9% |
| Free Cash Flow | $5.5B | $4.6B | $4.9B | 20.2% | 12.7% |
| Item | Amount |
|---|---|
| REVENUE | $8.6B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $245M |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $5.1B |
| Interest Income | $0 |
| Interest Expense | $186M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $290M |
| EBIT | $5.1B |
| EBITDA | $5.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $8.6B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $245M |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $5.1B |
| Interest Income | $0 |
| Interest Expense | $186M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $290M |
| EBIT | $5.1B |
| EBITDA | $5.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $3.9B |
| Depreciation & Amortization | $290M |
| Stock-Based Compensation | $177M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $531M |
| Change in Working Capital | $742M |
| OPERATING CASH FLOW | $5.7B |
| Capital Expenditure | -$178M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$144M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | -$176M |
| NET CASH FROM INVESTING | -$374M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $4.8B |
| Common Dividends Paid | -$687M |
| Other Financing Activities | -$8.2B |
| NET CASH FROM FINANCING | -$4.0B |
| FREE CASH FLOW | $5.5B |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.3B |
| Short-Term Investments | $335M |
| Net Receivables | $4.2B |
| Inventory | $0 |
| Other Current Assets | $8.3B |
| TOTAL CURRENT ASSETS | $23.2B |
| PP&E (Net) | $2.3B |
| Goodwill | $9.6B |
| Intangible Assets | $5.6B |
| Long-Term Investments | $1.7B |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $9.4B |
| TOTAL NON-CURRENT ASSETS | $30.1B |
| TOTAL ASSETS | $53.3B |
| Account Payables | $935M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.8B |
| TOTAL CURRENT LIABILITIES | $20.7B |
| Long-Term Debt | $19.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $326M |
| Other Non-Current Liabilities | $5.4B |
| TOTAL NON-CURRENT LIABILITIES | $24.7B |
| TOTAL LIABILITIES | $45.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | $81.8B |
| Treasury Stock | -$79.7B |
| Accum. Other Comp. Income | -$935M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $15M |
| TOTAL EQUITY | $7.9B |
| TOTAL LIABILITIES & EQUITY | $53.3B |
| Total Debt | $19.0B |
| Net Debt | $8.7B |
