| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.9B | $14.1B | $14.3B | 12.5% | 11.3% |
| Op. Income | $5.1B | $4.4B | $4.7B | 17.2% | 9.0% |
| Gross Margin | 70.2% | 70.3% | 72.5% | -0.1pp | -2.3pp |
| Net Margin | 21.5% | 20.8% | 22.0% | 0.8pp | -0.5pp |
| EPS (Diluted) | $1.19 | $1.02 | $1.11 | 16.7% | 7.2% |
| Free Cash Flow | -$2.9B | $71M | $3.3B | -4216.9% | -189.0% |
| Item | Amount |
|---|---|
| REVENUE | $15.9B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $11.2B |
| R&D Expenses | $2.7B |
| Selling & Marketing | $2.3B |
| General & Administrative | $467M |
| SG&A Expenses | $2.8B |
| Other Expenses | $626M |
| Operating Expenses | $6.1B |
| Cost & Expenses | $10.8B |
| OPERATING INCOME | $5.1B |
| Interest Income | $160M |
| Interest Expense | $978M |
| Other Income/Expenses | -$958M |
| INCOME BEFORE TAX | $4.2B |
| Income Tax Expense | $724M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $1.7B |
| EBIT | $5.1B |
| EBITDA | $6.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $15.9B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $11.2B |
| R&D Expenses | $2.7B |
| Selling & Marketing | $2.3B |
| General & Administrative | $467M |
| SG&A Expenses | $2.8B |
| Other Expenses | $626M |
| Operating Expenses | $6.1B |
| Cost & Expenses | $10.8B |
| OPERATING INCOME | $5.1B |
| Interest Income | $160M |
| Interest Expense | $978M |
| Other Income/Expenses | -$958M |
| INCOME BEFORE TAX | $4.2B |
| Income Tax Expense | $724M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $1.7B |
| EBIT | $5.1B |
| EBITDA | $6.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.4B |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $1.3B |
| Deferred Income Tax | -$540M |
| Other Non-Cash Items | $245M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $6.2B |
| Capital Expenditure | -$9.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$434M |
| Sales/Maturities of Investments | $332M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9.2B |
| Net Debt Issuance | -$3.8B |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | -$3.8B |
| FREE CASH FLOW | -$2.9B |
| Net Change in Cash | -$6.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.8B |
| Short-Term Investments | $417M |
| Net Receivables | $8.6B |
| Inventory | $0 |
| Other Current Assets | $4.8B |
| TOTAL CURRENT ASSETS | $24.6B |
| PP&E (Net) | $43.5B |
| Goodwill | $62.2B |
| Intangible Assets | $4.6B |
| Long-Term Investments | $0 |
| Tax Assets | $11.9B |
| Other Non-Current Assets | $21.6B |
| TOTAL NON-CURRENT ASSETS | $143.8B |
| TOTAL ASSETS | $168.4B |
| Account Payables | $5.1B |
| Short-Term Debt | $7.3B |
| Deferred Revenue | $9.4B |
| Other Current Liabilities | $10.9B |
| TOTAL CURRENT LIABILITIES | $32.6B |
| Long-Term Debt | $85.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17.9B |
| TOTAL NON-CURRENT LIABILITIES | $114.7B |
| TOTAL LIABILITIES | $147.4B |
| Common Stock | $37.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$15.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.5B |
| Minority Interest | $518M |
| TOTAL EQUITY | $21.0B |
| TOTAL LIABILITIES & EQUITY | $168.4B |
| Total Debt | $104.1B |
| Net Debt | $93.3B |
