| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.8B | $21.9B | $20.2B | -9.6% | -2.1% |
| Op. Income | $4.6B | $5.7B | $4.5B | -20.6% | 2.2% |
| Gross Margin | 51.0% | 52.4% | 51.2% | -1.4pp | -0.2pp |
| Net Margin | 19.1% | 21.2% | 18.6% | -2.1pp | 0.5pp |
| EPS (Diluted) | $1.54 | $1.88 | $1.52 | -18.1% | 1.3% |
| Free Cash Flow | $2.8B | $3.9B | $4.5B | -27.0% | -37.3% |
| Item | Amount |
|---|---|
| REVENUE | $19.8B |
| Cost of Revenue | $9.7B |
| GROSS PROFIT | $10.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.5B |
| Other Expenses | $0 |
| Operating Expenses | $5.5B |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $4.6B |
| Interest Income | $111M |
| Interest Expense | $217M |
| Other Income/Expenses | $103M |
| INCOME BEFORE TAX | $4.7B |
| Income Tax Expense | $868M |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $690M |
| EBIT | $4.9B |
| EBITDA | $5.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $19.8B |
| Cost of Revenue | $9.7B |
| GROSS PROFIT | $10.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.5B |
| Other Expenses | $0 |
| Operating Expenses | $5.5B |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $4.6B |
| Interest Income | $111M |
| Interest Expense | $217M |
| Other Income/Expenses | $103M |
| INCOME BEFORE TAX | $4.7B |
| Income Tax Expense | $868M |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $690M |
| EBIT | $4.9B |
| EBITDA | $5.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.8B |
| Depreciation & Amortization | $690M |
| Stock-Based Compensation | $123M |
| Deferred Income Tax | -$38M |
| Other Non-Cash Items | $79M |
| Change in Working Capital | -$942M |
| OPERATING CASH FLOW | $3.7B |
| Capital Expenditure | -$859M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $138M |
| NET CASH FROM INVESTING | -$726M |
| Net Debt Issuance | -$1.0B |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$2.4B |
| Other Financing Activities | $617M |
| NET CASH FROM FINANCING | -$4.2B |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.1B |
| Short-Term Investments | $0 |
| Net Receivables | $6.1B |
| Inventory | $7.4B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $24.4B |
| PP&E (Net) | $22.7B |
| Goodwill | $40.5B |
| Intangible Assets | $21.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.5B |
| TOTAL NON-CURRENT ASSETS | $98.5B |
| TOTAL ASSETS | $123.0B |
| Account Payables | $14.5B |
| Short-Term Debt | $9.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $34.2B |
| Long-Term Debt | $24.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.5B |
| Other Non-Current Liabilities | $5.5B |
| TOTAL NON-CURRENT LIABILITIES | $36.2B |
| TOTAL LIABILITIES | $70.4B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $68.6B |
| Retained Earnings | $128.9B |
| Treasury Stock | -$138.1B |
| Accum. Other Comp. Income | -$11.3B |
| Other Equity | -$672M |
| TOTAL STOCKHOLDERS' EQUITY | $52.3B |
| Minority Interest | $273M |
| TOTAL EQUITY | $52.5B |
| TOTAL LIABILITIES & EQUITY | $123.0B |
| Total Debt | $34.1B |
| Net Debt | $25.0B |
