| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.6B | $3.7B | 0.8% | -1.8% |
| Op. Income | $626M | $620M | $594M | 1.0% | 5.3% |
| Gross Margin | 58.8% | 57.1% | 53.6% | 1.8pp | 5.2pp |
| Net Margin | 12.9% | 12.8% | 12.4% | 0.1pp | 0.5pp |
| EPS (Diluted) | $2.42 | $2.29 | $2.26 | 5.7% | 7.1% |
| Free Cash Flow | $159M | $358M | -$2.9B | -55.7% | 105.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.1B |
| Other Expenses | $350M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $626M |
| Interest Income | $2.1B |
| Interest Expense | $1.5B |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $634M |
| Income Tax Expense | $168M |
| Net Income from Continuing Ops | $466M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $466M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $461M |
| D&A | $301M |
| EBIT | $626M |
| EBITDA | $927M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.1B |
| Other Expenses | $350M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $626M |
| Interest Income | $2.1B |
| Interest Expense | $1.5B |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $634M |
| Income Tax Expense | $168M |
| Net Income from Continuing Ops | $466M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $466M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $461M |
| D&A | $301M |
| EBIT | $626M |
| EBITDA | $927M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $466M |
| Depreciation & Amortization | $197M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $195M |
| Other Non-Cash Items | -$3.6B |
| Change in Working Capital | $3.1B |
| OPERATING CASH FLOW | $388M |
| Capital Expenditure | -$230M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11.2B |
| Sales/Maturities of Investments | $9.8B |
| Other Investing Activities | -$5.7B |
| NET CASH FROM INVESTING | -$7.1B |
| Net Debt Issuance | $783M |
| Common Stock Repurchased | -$370M |
| Common Dividends Paid | -$150M |
| Other Financing Activities | $6.9B |
| NET CASH FROM FINANCING | $7.1B |
| FREE CASH FLOW | $159M |
| Net Change in Cash | $527M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61.1B |
| Short-Term Investments | $2.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $63.8B |
| PP&E (Net) | $465M |
| Goodwill | $713M |
| Intangible Assets | $0 |
| Long-Term Investments | $57.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $54.7B |
| TOTAL NON-CURRENT ASSETS | $113.4B |
| TOTAL ASSETS | $177.1B |
| Account Payables | $0 |
| Short-Term Debt | $12.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $142.8B |
| TOTAL CURRENT LIABILITIES | $155.7B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.9B |
| TOTAL NON-CURRENT LIABILITIES | $8.4B |
| TOTAL LIABILITIES | $164.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $12.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$591M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.0B |
| TOTAL LIABILITIES & EQUITY | $177.1B |
| Total Debt | $16.4B |
| Net Debt | -$44.7B |
