| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $1.4B | 14.6% | 4.8% |
| Op. Income | $692M | $538M | $650M | 28.6% | 6.5% |
| Gross Margin | 74.3% | 71.2% | 73.6% | 3.1pp | 0.7pp |
| Net Margin | 34.4% | 31.4% | 34.6% | 3.0pp | -0.2pp |
| EPS (Diluted) | $1.43 | $1.14 | $1.38 | 25.4% | 3.6% |
| Free Cash Flow | $667M | $248M | $626M | 169.1% | 6.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $387M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $430M |
| Other Expenses | $0 |
| Operating Expenses | $430M |
| Cost & Expenses | $817M |
| OPERATING INCOME | $692M |
| Interest Income | $17M |
| Interest Expense | $23M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $686M |
| Income Tax Expense | $167M |
| Net Income from Continuing Ops | $519M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $519M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $519M |
| D&A | $43M |
| EBIT | $708M |
| EBITDA | $752M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $387M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $430M |
| Other Expenses | $0 |
| Operating Expenses | $430M |
| Cost & Expenses | $817M |
| OPERATING INCOME | $692M |
| Interest Income | $17M |
| Interest Expense | $23M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $686M |
| Income Tax Expense | $167M |
| Net Income from Continuing Ops | $519M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $519M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $519M |
| D&A | $43M |
| EBIT | $708M |
| EBITDA | $752M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $519M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $56M |
| Change in Working Capital | $86M |
| OPERATING CASH FLOW | $716M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.3B |
| Sales/Maturities of Investments | $3.3B |
| Other Investing Activities | $38M |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$353M |
| Other Financing Activities | $345M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $667M |
| Net Change in Cash | $734M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $37M |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $4.6B |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $499M |
| Goodwill | $1.9B |
| Intangible Assets | $176M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $592M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $11.2B |
| Account Payables | $119M |
| Short-Term Debt | $18M |
| Deferred Revenue | $52M |
| Other Current Liabilities | $4.7B |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $799M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $93M |
| Other Non-Current Liabilities | $366M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $4M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$90M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $864M |
| Net Debt | -$700M |
