| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.2B | $3.4B | 3.8% | -2.4% |
| Op. Income | $935M | $761M | $855M | 22.9% | 9.4% |
| Gross Margin | 69.0% | 68.6% | 63.8% | 0.4pp | 5.2pp |
| Net Margin | 21.7% | 18.4% | 19.4% | 3.3pp | 2.3pp |
| EPS (Diluted) | $4.24 | $3.32 | $3.73 | 27.7% | 13.7% |
| Free Cash Flow | $818M | $610M | $1.3B | 34.1% | -36.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $813M |
| SG&A Expenses | $838M |
| Other Expenses | $498M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $935M |
| Interest Income | $2.6B |
| Interest Expense | $896M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $935M |
| Income Tax Expense | $219M |
| Net Income from Continuing Ops | $716M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $716M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $679M |
| D&A | $124M |
| EBIT | $935M |
| EBITDA | $1.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $813M |
| SG&A Expenses | $838M |
| Other Expenses | $498M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $935M |
| Interest Income | $2.6B |
| Interest Expense | $896M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $935M |
| Income Tax Expense | $219M |
| Net Income from Continuing Ops | $716M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $716M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $679M |
| D&A | $124M |
| EBIT | $935M |
| EBITDA | $1.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $716M |
| Depreciation & Amortization | $124M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $98M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | $844M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$471M |
| NET CASH FROM INVESTING | -$853M |
| Net Debt Issuance | $2.3B |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$213M |
| Other Financing Activities | -$986M |
| NET CASH FROM FINANCING | $28M |
| FREE CASH FLOW | $818M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21.4B |
| Short-Term Investments | $35.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $57.0B |
| PP&E (Net) | $0 |
| Goodwill | $8.5B |
| Intangible Assets | $84M |
| Long-Term Investments | $137.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.5B |
| TOTAL NON-CURRENT ASSETS | $154.6B |
| TOTAL ASSETS | $211.6B |
| Account Payables | $0 |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $164.5B |
| TOTAL CURRENT LIABILITIES | $166.5B |
| Long-Term Debt | $12.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $16.5B |
| TOTAL LIABILITIES | $183.1B |
| Common Stock | $91M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $19.9B |
| Treasury Stock | -$4.0B |
| Accum. Other Comp. Income | $215M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $28.5B |
| TOTAL LIABILITIES & EQUITY | $211.6B |
| Total Debt | $14.5B |
| Net Debt | -$7.0B |
