| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $851M | $823M | $746M | 3.4% | 14.1% |
| Op. Income | $457M | $464M | $377M | -1.4% | 21.2% |
| Gross Margin | 83.3% | 82.6% | 81.7% | 0.8pp | 1.7pp |
| Net Margin | 47.7% | 34.6% | 38.7% | 13.1pp | 9.0pp |
| EPS (Diluted) | $5.53 | $3.68 | $3.71 | 50.3% | 49.1% |
| Free Cash Flow | $278M | $489M | $290M | -43.1% | -4.2% |
| Item | Amount |
|---|---|
| REVENUE | $851M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $709M |
| R&D Expenses | $50M |
| Selling & Marketing | $86M |
| General & Administrative | $69M |
| SG&A Expenses | $155M |
| Other Expenses | $48M |
| Operating Expenses | $252M |
| Cost & Expenses | $394M |
| OPERATING INCOME | $457M |
| Interest Income | $3M |
| Interest Expense | $69M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | $406M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $406M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $406M |
| D&A | $48M |
| EBIT | $457M |
| EBITDA | $505M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $851M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $709M |
| R&D Expenses | $50M |
| Selling & Marketing | $86M |
| General & Administrative | $69M |
| SG&A Expenses | $155M |
| Other Expenses | $48M |
| Operating Expenses | $252M |
| Cost & Expenses | $394M |
| OPERATING INCOME | $457M |
| Interest Income | $3M |
| Interest Expense | $69M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | $406M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $406M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $406M |
| D&A | $48M |
| EBIT | $457M |
| EBITDA | $505M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $406M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$86M |
| Change in Working Capital | -$116M |
| OPERATING CASH FLOW | $307M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$42M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $200M |
| Common Stock Repurchased | -$415M |
| Common Dividends Paid | -$151M |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | -$365M |
| FREE CASH FLOW | $278M |
| Net Change in Cash | -$130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $385M |
| Short-Term Investments | $0 |
| Net Receivables | $883M |
| Inventory | $0 |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $234M |
| Goodwill | $3.0B |
| Intangible Assets | $851M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $104M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $10M |
| Short-Term Debt | $25M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $337M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $6.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $5.7B |
| Treasury Stock | -$10.3B |
| Accum. Other Comp. Income | -$59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.8B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $6.5B |
| Net Debt | $6.2B |
