| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.5B | $9.7B | $9.6B | 7.7% | 9.3% |
| Op. Income | $979M | $744M | $1.6B | 31.6% | -39.2% |
| Gross Margin | 28.2% | 26.8% | 38.6% | 1.4pp | -10.5pp |
| Net Margin | 6.3% | 7.6% | 18.2% | -1.3pp | -11.8pp |
| EPS (Diluted) | $0.51 | $0.57 | $1.30 | -10.5% | -60.8% |
| Free Cash Flow | $2.0B | $418M | $1.1B | 378.2% | 89.7% |
| Item | Amount |
|---|---|
| REVENUE | $10.5B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $35M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $979M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $930M |
| Income Tax Expense | $261M |
| Net Income from Continuing Ops | $669M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $665M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $665M |
| D&A | $352M |
| EBIT | $973M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.5B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $35M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $979M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $930M |
| Income Tax Expense | $261M |
| Net Income from Continuing Ops | $669M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $665M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $665M |
| D&A | $352M |
| EBIT | $973M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $665M |
| Depreciation & Amortization | $352M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $452M |
| Change in Working Capital | $928M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$398M |
| Acquisitions (Net) | $128M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$266M |
| Net Debt Issuance | -$255M |
| Common Stock Repurchased | -$492M |
| Common Dividends Paid | -$645M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $659M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $0 |
| Net Receivables | $4.9B |
| Inventory | $4.4B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $13.0B |
| PP&E (Net) | $11.4B |
| Goodwill | $24.3B |
| Intangible Assets | $19.6B |
| Long-Term Investments | $667M |
| Tax Assets | $336M |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $58.5B |
| TOTAL ASSETS | $71.5B |
| Account Payables | $10.1B |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.7B |
| TOTAL CURRENT LIABILITIES | $21.9B |
| Long-Term Debt | $17.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.5B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $23.7B |
| TOTAL LIABILITIES | $45.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $32.3B |
| Retained Earnings | $36.4B |
| Treasury Stock | -$31.5B |
| Accum. Other Comp. Income | -$11.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.8B |
| Minority Interest | $53M |
| TOTAL EQUITY | $25.9B |
| TOTAL LIABILITIES & EQUITY | $71.5B |
| Total Debt | $22.4B |
| Net Debt | $20.3B |
