| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.5B | $11.1B | $9.8B | 3.9% | 17.2% |
| Op. Income | $3.2B | $3.8B | $2.9B | -13.9% | 11.6% |
| Gross Margin | 46.4% | 51.9% | 47.9% | -5.5pp | -1.4pp |
| Net Margin | 22.1% | 28.2% | 24.1% | -6.1pp | -1.9pp |
| EPS (Diluted) | $0.59 | $0.72 | $0.54 | -18.1% | 9.3% |
| Free Cash Flow | $2.7B | $2.3B | $2.2B | 17.3% | 21.2% |
| Item | Amount |
|---|---|
| REVENUE | $11.5B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $854M |
| Selling & Marketing | $786M |
| General & Administrative | $458M |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $3.2B |
| Interest Income | $36M |
| Interest Expense | $175M |
| Other Income/Expenses | -$139M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $562M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $4.1B |
| EBIT | $3.3B |
| EBITDA | $7.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.5B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $854M |
| Selling & Marketing | $786M |
| General & Administrative | $458M |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $3.2B |
| Interest Income | $36M |
| Interest Expense | $175M |
| Other Income/Expenses | -$139M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $562M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $4.1B |
| EBIT | $3.3B |
| EBITDA | $7.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $4.1B |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | -$4.5B |
| Change in Working Capital | $576M |
| OPERATING CASH FLOW | $2.8B |
| Capital Expenditure | -$165M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $176M |
| Other Investing Activities | $36M |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.9B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $2.7B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.3B |
| Short-Term Investments | $37M |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $13.0B |
| PP&E (Net) | $1.8B |
| Goodwill | $0 |
| Intangible Assets | $32.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $42.0B |
| TOTAL ASSETS | $54.9B |
| Account Payables | $793M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $4.1B |
| TOTAL CURRENT LIABILITIES | $9.7B |
| Long-Term Debt | $14.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $19.2B |
| TOTAL LIABILITIES | $29.0B |
| Common Stock | $7.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $39.9B |
| Treasury Stock | -$20.3B |
| Accum. Other Comp. Income | -$719M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.0B |
| TOTAL LIABILITIES & EQUITY | $54.9B |
| Total Debt | $14.5B |
| Net Debt | $5.2B |
