| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.9B | $19.8B | $20.5B | 5.6% | 1.7% |
| Op. Income | $4.4B | $4.6B | $3.9B | -4.5% | 12.1% |
| Gross Margin | 49.1% | 51.0% | 49.6% | -1.9pp | -0.5pp |
| Net Margin | 17.3% | 19.1% | 15.3% | -1.7pp | 2.0pp |
| EPS (Diluted) | $1.48 | $1.54 | $1.27 | -3.9% | 16.5% |
| Free Cash Flow | $4.0B | $2.8B | $5.0B | 40.2% | -19.7% |
| Item | Amount |
|---|---|
| REVENUE | $20.9B |
| Cost of Revenue | $10.6B |
| GROSS PROFIT | $10.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.9B |
| Other Expenses | -$1M |
| Operating Expenses | $5.9B |
| Cost & Expenses | $16.5B |
| OPERATING INCOME | $4.4B |
| Interest Income | $104M |
| Interest Expense | $212M |
| Other Income/Expenses | $166M |
| INCOME BEFORE TAX | $4.5B |
| Income Tax Expense | $895M |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $3.6B |
| Net Income Deductions | -$76M |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $723M |
| EBIT | $4.7B |
| EBITDA | $5.5B |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $20.9B |
| Cost of Revenue | $10.6B |
| GROSS PROFIT | $10.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.9B |
| Other Expenses | -$1M |
| Operating Expenses | $5.9B |
| Cost & Expenses | $16.5B |
| OPERATING INCOME | $4.4B |
| Interest Income | $104M |
| Interest Expense | $212M |
| Other Income/Expenses | $166M |
| INCOME BEFORE TAX | $4.5B |
| Income Tax Expense | $895M |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $3.6B |
| Net Income Deductions | -$76M |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $723M |
| EBIT | $4.7B |
| EBITDA | $5.5B |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.6B |
| Depreciation & Amortization | $723M |
| Stock-Based Compensation | $112M |
| Deferred Income Tax | -$34M |
| Other Non-Cash Items | -$1.9B |
| Change in Working Capital | $2.5B |
| OPERATING CASH FLOW | $5.0B |
| Capital Expenditure | -$996M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$67M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$468M |
| Common Stock Repurchased | -$700M |
| Common Dividends Paid | -$2.6B |
| Other Financing Activities | $105M |
| NET CASH FROM FINANCING | -$3.6B |
| FREE CASH FLOW | $4.0B |
| Net Change in Cash | $440M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.6B |
| Short-Term Investments | $0 |
| Net Receivables | $6.2B |
| Inventory | $7.6B |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $25.4B |
| PP&E (Net) | $23.9B |
| Goodwill | $41.6B |
| Intangible Assets | $21.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.4B |
| TOTAL NON-CURRENT ASSETS | $99.8B |
| TOTAL ASSETS | $125.2B |
| Account Payables | $15.2B |
| Short-Term Debt | $9.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.7B |
| TOTAL CURRENT LIABILITIES | $36.1B |
| Long-Term Debt | $25.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.8B |
| Other Non-Current Liabilities | $5.4B |
| TOTAL NON-CURRENT LIABILITIES | $36.9B |
| TOTAL LIABILITIES | $72.9B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $68.8B |
| Retained Earnings | $130.0B |
| Treasury Stock | -$138.7B |
| Accum. Other Comp. Income | -$12.1B |
| Other Equity | -$672M |
| TOTAL STOCKHOLDERS' EQUITY | $52.0B |
| Minority Interest | $272M |
| TOTAL EQUITY | $52.3B |
| TOTAL LIABILITIES & EQUITY | $125.2B |
| Total Debt | $35.5B |
| Net Debt | $25.9B |
