| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $793M | $773M | $725M | 2.7% | 9.5% |
| Op. Income | $448M | $425M | $401M | 5.3% | 11.6% |
| Gross Margin | 83.3% | 82.2% | 82.6% | 1.1pp | 0.7pp |
| Net Margin | 41.0% | 39.3% | 38.8% | 1.7pp | 2.2pp |
| EPS (Diluted) | $4.24 | $3.92 | $3.57 | 8.2% | 18.8% |
| Free Cash Flow | $446M | $325M | $415M | 37.2% | 7.4% |
| Item | Amount |
|---|---|
| REVENUE | $793M |
| Cost of Revenue | $133M |
| GROSS PROFIT | $661M |
| R&D Expenses | $45M |
| Selling & Marketing | $80M |
| General & Administrative | $42M |
| SG&A Expenses | $122M |
| Other Expenses | $47M |
| Operating Expenses | $213M |
| Cost & Expenses | $346M |
| OPERATING INCOME | $448M |
| Interest Income | $5M |
| Interest Expense | $54M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $397M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $325M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $325M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $325M |
| D&A | $53M |
| EBIT | $450M |
| EBITDA | $503M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $793M |
| Cost of Revenue | $133M |
| GROSS PROFIT | $661M |
| R&D Expenses | $45M |
| Selling & Marketing | $80M |
| General & Administrative | $42M |
| SG&A Expenses | $122M |
| Other Expenses | $47M |
| Operating Expenses | $213M |
| Cost & Expenses | $346M |
| OPERATING INCOME | $448M |
| Interest Income | $5M |
| Interest Expense | $54M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $397M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $325M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $325M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $325M |
| D&A | $53M |
| EBIT | $450M |
| EBITDA | $503M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $325M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $449M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $1.0B |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | -$138M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$369M |
| FREE CASH FLOW | $446M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $400M |
| Short-Term Investments | $0 |
| Net Receivables | $746M |
| Inventory | $0 |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $199M |
| Goodwill | $2.9B |
| Intangible Assets | $850M |
| Long-Term Investments | $0 |
| Tax Assets | $42M |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $16M |
| Short-Term Debt | $28M |
| Deferred Revenue | $975M |
| Other Current Liabilities | $389M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $83M |
| Other Non-Current Liabilities | $85M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $5.3B |
| Treasury Stock | -$8.9B |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.9B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $5.6B |
| Net Debt | $5.2B |
