| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $773M | $746M | $708M | 3.6% | 9.1% |
| Op. Income | $425M | $377M | $383M | 12.8% | 11.1% |
| Gross Margin | 82.2% | 81.7% | 81.9% | 0.5pp | 0.3pp |
| Net Margin | 39.3% | 38.7% | 37.7% | 0.6pp | 1.6pp |
| EPS (Diluted) | $3.92 | $3.71 | $3.37 | 5.7% | 16.3% |
| Free Cash Flow | $325M | $290M | $322M | 11.9% | 0.9% |
| Item | Amount |
|---|---|
| REVENUE | $773M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $635M |
| R&D Expenses | $44M |
| Selling & Marketing | $78M |
| General & Administrative | $38M |
| SG&A Expenses | $117M |
| Other Expenses | $49M |
| Operating Expenses | $210M |
| Cost & Expenses | $347M |
| OPERATING INCOME | $425M |
| Interest Income | $3M |
| Interest Expense | $46M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $378M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $304M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $304M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $304M |
| D&A | $55M |
| EBIT | $424M |
| EBITDA | $479M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $773M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $635M |
| R&D Expenses | $44M |
| Selling & Marketing | $78M |
| General & Administrative | $38M |
| SG&A Expenses | $117M |
| Other Expenses | $49M |
| Operating Expenses | $210M |
| Cost & Expenses | $347M |
| OPERATING INCOME | $425M |
| Interest Income | $3M |
| Interest Expense | $46M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $378M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $304M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $304M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $304M |
| D&A | $55M |
| EBIT | $424M |
| EBITDA | $479M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $304M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$58M |
| OPERATING CASH FLOW | $336M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | -$138M |
| Common Dividends Paid | -$140M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$321M |
| FREE CASH FLOW | $325M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $344M |
| Short-Term Investments | $0 |
| Net Receivables | $791M |
| Inventory | $0 |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $203M |
| Goodwill | $2.9B |
| Intangible Assets | $869M |
| Long-Term Investments | $0 |
| Tax Assets | $42M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $12M |
| Short-Term Debt | $27M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $118M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $52M |
| Other Non-Current Liabilities | $77M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $5.1B |
| Treasury Stock | -$7.7B |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$886M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$886M |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $4.7B |
| Net Debt | $4.3B |
