Q1 2026 Earnings

Reported April 21, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$3.8B	$3.6B	$3.5B	4.9%	7.8%
Op. Income	$701M	$626M	$521M	12.0%	34.4%
Gross Margin	58.3%	58.8%	55.2%	-0.5pp	3.1pp
Net Margin	13.9%	12.9%	11.2%	1.0pp	2.7pp
EPS (Diluted)	$2.71	$2.42	$1.90	12.0%	42.6%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$326M
Operating Expenses	$1.5B
Cost & Expenses	$3.1B
OPERATING INCOME	$701M
Interest Income	$2.2B
Interest Expense	$1.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$701M
Income Tax Expense	$175M
Net Income from Continuing Ops	$526M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$526M
Net Income Deductions	$5M
BOTTOM LINE NET INCOME	$505M
D&A	$0
EBIT	$701M
EBITDA	$701M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$326M
Operating Expenses	$1.5B
Cost & Expenses	$3.1B
OPERATING INCOME	$701M
Interest Income	$2.2B
Interest Expense	$1.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$701M
Income Tax Expense	$175M
Net Income from Continuing Ops	$526M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$526M
Net Income Deductions	$5M
BOTTOM LINE NET INCOME	$505M
D&A	$0
EBIT	$701M
EBITDA	$701M
EPS	$3
EPS Diluted	$3

Balance Sheet

Item	Amount
Cash & Equivalents	$6.3B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.3B
PP&E (Net)	$0
Goodwill	$710M
Intangible Assets	$0
Long-Term Investments	$111.6B
Tax Assets	$0
Other Non-Current Assets	-$111.6B
TOTAL NON-CURRENT ASSETS	$710M
TOTAL ASSETS	$161.9B
Account Payables	$0
Short-Term Debt	$10.1B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$10.1B
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$145.2B
TOTAL NON-CURRENT LIABILITIES	$151.4B
TOTAL LIABILITIES	$161.6B
Common Stock	$12.7B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$637M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.0B
Minority Interest	$0
TOTAL EQUITY	$13.0B
TOTAL LIABILITIES & EQUITY	$174.6B
Total Debt	$2.9B
Net Debt	-$3.5B