| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.8B | $8.6B | $7.5B | 2.4% | 17.6% |
| Op. Income | $5.4B | $5.1B | $3.9B | 7.0% | 37.5% |
| Gross Margin | 100.0% | 78.0% | 77.9% | 22.0pp | 22.1pp |
| Net Margin | 46.1% | 45.7% | 44.6% | 0.5pp | 1.5pp |
| EPS (Diluted) | $4.52 | $4.34 | $3.64 | 4.1% | 24.2% |
| Free Cash Flow | $4.8B | $5.5B | $4.7B | -12.1% | 1.8% |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $319M |
| General & Administrative | $3.1B |
| SG&A Expenses | $3.4B |
| Other Expenses | -$33M |
| Operating Expenses | $3.4B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $5.4B |
| Interest Income | $0 |
| Interest Expense | $159M |
| Other Income/Expenses | -$538M |
| INCOME BEFORE TAX | $4.9B |
| Income Tax Expense | $816M |
| Net Income from Continuing Ops | $4.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $297M |
| EBIT | $4.9B |
| EBITDA | $5.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $319M |
| General & Administrative | $3.1B |
| SG&A Expenses | $3.4B |
| Other Expenses | -$33M |
| Operating Expenses | $3.4B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $5.4B |
| Interest Income | $0 |
| Interest Expense | $159M |
| Other Income/Expenses | -$538M |
| INCOME BEFORE TAX | $4.9B |
| Income Tax Expense | $816M |
| Net Income from Continuing Ops | $4.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $297M |
| EBIT | $4.9B |
| EBITDA | $5.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $4.1B |
| Depreciation & Amortization | $297M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $828M |
| Change in Working Capital | -$230M |
| OPERATING CASH FLOW | $4.9B |
| Capital Expenditure | -$112M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$455M |
| Sales/Maturities of Investments | $298M |
| Other Investing Activities | $26M |
| NET CASH FROM INVESTING | -$421M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.6B |
| Common Dividends Paid | -$684M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$4.2B |
| FREE CASH FLOW | $4.8B |
| Net Change in Cash | $336M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.1B |
| Short-Term Investments | $332M |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | $7.5B |
| TOTAL CURRENT ASSETS | $23.6B |
| PP&E (Net) | $2.3B |
| Goodwill | $9.6B |
| Intangible Assets | $5.6B |
| Long-Term Investments | $0 |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $11.6B |
| TOTAL NON-CURRENT ASSETS | $30.6B |
| TOTAL ASSETS | $54.2B |
| Account Payables | $999M |
| Short-Term Debt | $749M |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $18.9B |
| TOTAL CURRENT LIABILITIES | $22.8B |
| Long-Term Debt | $18.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $307M |
| Other Non-Current Liabilities | $5.1B |
| TOTAL NON-CURRENT LIABILITIES | $23.6B |
| TOTAL LIABILITIES | $46.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | $85.0B |
| Treasury Stock | -$83.2B |
| Accum. Other Comp. Income | -$981M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.7B |
| Minority Interest | $9M |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $54.2B |
| Total Debt | $19.0B |
| Net Debt | $7.9B |
