| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.9B | $1.9B | 10.1% | 8.1% |
| Op. Income | $922M | $795M | $882M | 16.0% | 4.5% |
| Gross Margin | 74.5% | 66.9% | 68.7% | 7.6pp | 5.7pp |
| Net Margin | 31.8% | 32.3% | 32.5% | -0.5pp | -0.7pp |
| EPS (Diluted) | $3.73 | $3.41 | $3.46 | 9.4% | 7.8% |
| Free Cash Flow | $844M | $777M | $672M | 8.6% | 25.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $531M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $477M |
| SG&A Expenses | $477M |
| Other Expenses | $149M |
| Operating Expenses | $626M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $922M |
| Interest Income | $0 |
| Interest Expense | $66M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $870M |
| Income Tax Expense | $209M |
| Net Income from Continuing Ops | $661M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $661M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $661M |
| D&A | $122M |
| EBIT | $908M |
| EBITDA | $1.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $531M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $477M |
| SG&A Expenses | $477M |
| Other Expenses | $149M |
| Operating Expenses | $626M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $922M |
| Interest Income | $0 |
| Interest Expense | $66M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $870M |
| Income Tax Expense | $209M |
| Net Income from Continuing Ops | $661M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $661M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $661M |
| D&A | $122M |
| EBIT | $908M |
| EBITDA | $1.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $661M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | $939M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $66M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$185M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $844M |
| Net Change in Cash | -$915M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $41M |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $660M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $1.0B |
| Goodwill | $6.3B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $249M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $10.5B |
| TOTAL ASSETS | $14.7B |
| Account Payables | $1.2B |
| Short-Term Debt | $670M |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $6.6B |
| Deferred Revenue NC | $54M |
| Deferred Tax Liabilities | $311M |
| Other Non-Current Liabilities | $938M |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $11.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $149M |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $7.3B |
| Net Debt | $5.8B |
