| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.3B | 7.9% | 16.8% |
| Op. Income | $542M | $431M | $547M | 25.7% | -0.9% |
| Gross Margin | 73.1% | 72.4% | 71.2% | 0.7pp | 2.0pp |
| Net Margin | 24.9% | 20.8% | 32.4% | 4.1pp | -7.5pp |
| EPS (Diluted) | $1.06 | $0.82 | $1.18 | 29.3% | -10.2% |
| Free Cash Flow | $663M | $345M | $511M | 92.1% | 29.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $414M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $584M |
| Other Expenses | $0 |
| Operating Expenses | $584M |
| Cost & Expenses | $998M |
| OPERATING INCOME | $542M |
| Interest Income | $19M |
| Interest Expense | $68M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $498M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $384M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $384M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $384M |
| D&A | $109M |
| EBIT | $566M |
| EBITDA | $675M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $414M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $584M |
| Other Expenses | $0 |
| Operating Expenses | $584M |
| Cost & Expenses | $998M |
| OPERATING INCOME | $542M |
| Interest Income | $19M |
| Interest Expense | $68M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $498M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $384M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $384M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $384M |
| D&A | $109M |
| EBIT | $566M |
| EBITDA | $675M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $384M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $66M |
| Other Non-Cash Items | $66M |
| Change in Working Capital | $67M |
| OPERATING CASH FLOW | $718M |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | -$200.0K |
| Purchases of Investments | -$3.7B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | -$62M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$160M |
| Common Dividends Paid | -$389M |
| Other Financing Activities | $34M |
| NET CASH FROM FINANCING | -$515M |
| FREE CASH FLOW | $663M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $809M |
| Short-Term Investments | $862M |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $5.4B |
| TOTAL CURRENT ASSETS | $9.0B |
| PP&E (Net) | $590M |
| Goodwill | $4.5B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $623M |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $16.7B |
| Account Payables | $121M |
| Short-Term Debt | $418M |
| Deferred Revenue | $69M |
| Other Current Liabilities | $5.6B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $518M |
| Other Non-Current Liabilities | $443M |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $12.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $16.7B |
| Total Debt | $5.0B |
| Net Debt | $4.2B |
