| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.0B | $20.4B | $18.1B | 7.8% | 21.3% |
| Op. Income | $4.0B | $3.2B | $1.9B | 23.1% | 114.1% |
| Gross Margin | 31.3% | 30.1% | 23.3% | 1.2pp | 8.0pp |
| Net Margin | 14.4% | 12.6% | 8.0% | 1.9pp | 6.4pp |
| EPS (Diluted) | $5.40 | $4.37 | $2.48 | 23.6% | 117.7% |
| Free Cash Flow | $3.9B | $5.1B | $3.2B | -22.5% | 23.1% |
| Item | Amount |
|---|---|
| REVENUE | $22.0B |
| Cost of Revenue | $15.1B |
| GROSS PROFIT | $6.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.9B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $18.0B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $807M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $79M |
| EBIT | $4.1B |
| EBITDA | $4.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $22.0B |
| Cost of Revenue | $15.1B |
| GROSS PROFIT | $6.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.9B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $18.0B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $807M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $79M |
| EBIT | $4.1B |
| EBITDA | $4.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $79M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$423M |
| Change in Working Capital | $1.2B |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8.5B |
| Sales/Maturities of Investments | $4.5B |
| Other Investing Activities | $45M |
| NET CASH FROM INVESTING | -$4.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$72M |
| FREE CASH FLOW | $3.9B |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $10.7B |
| Net Receivables | $20.6B |
| Inventory | $0 |
| Other Current Assets | $69.3B |
| TOTAL CURRENT ASSETS | $100.9B |
| PP&E (Net) | $820M |
| Goodwill | $0 |
| Intangible Assets | $2.1B |
| Long-Term Investments | $78.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$80.1B |
| TOTAL NON-CURRENT ASSETS | $820M |
| TOTAL ASSETS | $115.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $6.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $76.0B |
| TOTAL NON-CURRENT LIABILITIES | $82.9B |
| TOTAL LIABILITIES | $82.9B |
| Common Stock | $586M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $29.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$95M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $32.6B |
| TOTAL LIABILITIES & EQUITY | $115.5B |
| Total Debt | $6.9B |
| Net Debt | $6.8B |
