| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $823M | $793M | $744M | 3.7% | 10.6% |
| Op. Income | $464M | $448M | $405M | 3.6% | 14.4% |
| Gross Margin | 82.6% | 83.3% | 82.3% | -0.7pp | 0.3pp |
| Net Margin | 34.6% | 41.0% | 41.1% | -6.4pp | -6.5pp |
| EPS (Diluted) | $3.68 | $4.24 | $3.90 | -13.2% | -5.6% |
| Free Cash Flow | $489M | $446M | $416M | 9.7% | 17.4% |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $679M |
| R&D Expenses | $41M |
| Selling & Marketing | $83M |
| General & Administrative | $43M |
| SG&A Expenses | $126M |
| Other Expenses | $48M |
| Operating Expenses | $216M |
| Cost & Expenses | $359M |
| OPERATING INCOME | $464M |
| Interest Income | $4M |
| Interest Expense | $64M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | $104M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $48M |
| EBIT | $452M |
| EBITDA | $501M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $679M |
| R&D Expenses | $41M |
| Selling & Marketing | $83M |
| General & Administrative | $43M |
| SG&A Expenses | $126M |
| Other Expenses | $48M |
| Operating Expenses | $216M |
| Cost & Expenses | $359M |
| OPERATING INCOME | $464M |
| Interest Income | $4M |
| Interest Expense | $64M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | $104M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $48M |
| EBIT | $452M |
| EBITDA | $501M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $285M |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $110M |
| OPERATING CASH FLOW | $501M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $712M |
| Common Stock Repurchased | -$907M |
| Common Dividends Paid | -$135M |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$350M |
| FREE CASH FLOW | $489M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $515M |
| Short-Term Investments | $0 |
| Net Receivables | $987M |
| Inventory | $0 |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $200M |
| Goodwill | $2.9B |
| Intangible Assets | $833M |
| Long-Term Investments | $0 |
| Tax Assets | $46M |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $243M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $6.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $102M |
| Other Non-Current Liabilities | $116M |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $5.4B |
| Treasury Stock | -$9.8B |
| Accum. Other Comp. Income | -$52M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.7B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $6.3B |
| Net Debt | $5.8B |
