| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.5B | $10.2B | $9.4B | 2.9% | 12.5% |
| Op. Income | $3.3B | $2.3B | $2.6B | 47.3% | 27.1% |
| Gross Margin | 50.1% | 43.7% | 46.9% | 6.4pp | 3.2pp |
| Net Margin | 27.4% | 18.2% | 24.9% | 9.2pp | 2.5pp |
| EPS (Diluted) | $0.66 | $0.43 | $0.53 | 53.5% | 24.5% |
| Free Cash Flow | $2.7B | $1.4B | $2.1B | 93.1% | 24.5% |
| Item | Amount |
|---|---|
| REVENUE | $10.5B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $823M |
| Selling & Marketing | $688M |
| General & Administrative | $421M |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $7.2B |
| OPERATING INCOME | $3.3B |
| Interest Income | $51M |
| Interest Expense | $184M |
| Other Income/Expenses | -$133M |
| INCOME BEFORE TAX | $3.2B |
| Income Tax Expense | $323M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $3.9B |
| EBIT | $3.4B |
| EBITDA | $7.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.5B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $823M |
| Selling & Marketing | $688M |
| General & Administrative | $421M |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $7.2B |
| OPERATING INCOME | $3.3B |
| Interest Income | $51M |
| Interest Expense | $184M |
| Other Income/Expenses | -$133M |
| INCOME BEFORE TAX | $3.2B |
| Income Tax Expense | $323M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $3.9B |
| EBIT | $3.4B |
| EBITDA | $7.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.9B |
| Depreciation & Amortization | $3.9B |
| Stock-Based Compensation | $72M |
| Deferred Income Tax | -$164M |
| Other Non-Cash Items | -$3.8B |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | $2.8B |
| Capital Expenditure | -$128M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$156M |
| Sales/Maturities of Investments | $770M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $486M |
| Net Debt Issuance | -$800M |
| Common Stock Repurchased | -$3.5B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | -$4.0B |
| FREE CASH FLOW | $2.7B |
| Net Change in Cash | -$603M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.2B |
| Short-Term Investments | $1.2B |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $11.7B |
| PP&E (Net) | $1.6B |
| Goodwill | $0 |
| Intangible Assets | $32.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.7B |
| TOTAL NON-CURRENT ASSETS | $40.4B |
| TOTAL ASSETS | $52.1B |
| Account Payables | $614M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $3.7B |
| TOTAL CURRENT LIABILITIES | $9.7B |
| Long-Term Debt | $14.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $18.3B |
| TOTAL LIABILITIES | $28.1B |
| Common Stock | $6.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $34.2B |
| Treasury Stock | -$16.8B |
| Accum. Other Comp. Income | -$86M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.0B |
| TOTAL LIABILITIES & EQUITY | $52.1B |
| Total Debt | $17.4B |
| Net Debt | $10.2B |
