| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.1B | $13.3B | $12.9B | 5.7% | 8.6% |
| Op. Income | $4.2B | $4.0B | $3.6B | 5.7% | 16.5% |
| Gross Margin | 70.9% | 70.6% | 71.1% | 0.3pp | -0.2pp |
| Net Margin | 22.4% | 22.0% | 19.3% | 0.4pp | 3.1pp |
| EPS (Diluted) | $1.10 | $1.03 | $0.89 | 6.8% | 23.6% |
| Free Cash Flow | -$2.7B | $5.1B | -$937M | -152.0% | -184.5% |
| Item | Amount |
|---|---|
| REVENUE | $14.1B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $2.2B |
| General & Administrative | $387M |
| SG&A Expenses | $2.6B |
| Other Expenses | $706M |
| Operating Expenses | $5.8B |
| Cost & Expenses | $9.8B |
| OPERATING INCOME | $4.2B |
| Interest Income | $149M |
| Interest Expense | $866M |
| Other Income/Expenses | -$830M |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $239M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $1.5B |
| EBIT | $4.3B |
| EBITDA | $5.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $14.1B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $2.2B |
| General & Administrative | $387M |
| SG&A Expenses | $2.6B |
| Other Expenses | $706M |
| Operating Expenses | $5.8B |
| Cost & Expenses | $9.8B |
| OPERATING INCOME | $4.2B |
| Interest Income | $149M |
| Interest Expense | $866M |
| Other Income/Expenses | -$830M |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $239M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $1.5B |
| EBIT | $4.3B |
| EBITDA | $5.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $1.5B |
| Stock-Based Compensation | $1.2B |
| Deferred Income Tax | -$450M |
| Other Non-Cash Items | -$2.0B |
| Change in Working Capital | -$2.1B |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$4.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$159M |
| Sales/Maturities of Investments | $341M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3.8B |
| Net Debt Issuance | $4.1B |
| Common Stock Repurchased | -$197M |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $2.9B |
| FREE CASH FLOW | -$2.7B |
| Net Change in Cash | $325M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.9B |
| Short-Term Investments | $370M |
| Net Receivables | $8.2B |
| Inventory | $0 |
| Other Current Assets | $4.0B |
| TOTAL CURRENT ASSETS | $23.5B |
| PP&E (Net) | $26.4B |
| Goodwill | $62.2B |
| Intangible Assets | $5.7B |
| Long-Term Investments | $0 |
| Tax Assets | $12.0B |
| Other Non-Current Assets | $18.7B |
| TOTAL NON-CURRENT ASSETS | $125.0B |
| TOTAL ASSETS | $148.5B |
| Account Payables | $2.7B |
| Short-Term Debt | $8.2B |
| Deferred Revenue | $9.4B |
| Other Current Liabilities | $7.1B |
| TOTAL CURRENT LIABILITIES | $29.1B |
| Long-Term Debt | $80.5B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $2.9B |
| Other Non-Current Liabilities | $20.5B |
| TOTAL NON-CURRENT LIABILITIES | $105.2B |
| TOTAL LIABILITIES | $134.2B |
| Common Stock | $34.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$19.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.7B |
| Minority Interest | $490M |
| TOTAL EQUITY | $14.2B |
| TOTAL LIABILITIES & EQUITY | $148.5B |
| Total Debt | $88.6B |
| Net Debt | $77.7B |
