| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.5B | $22.0B | $19.7B | 2.4% | 14.2% |
| Op. Income | $3.3B | $4.0B | $2.9B | -16.5% | 12.8% |
| Gross Margin | 15.8% | 31.3% | 29.5% | -15.5pp | -13.7pp |
| Net Margin | 11.6% | 14.4% | 11.8% | -2.8pp | -0.2pp |
| EPS (Diluted) | $4.45 | $5.40 | $3.97 | -17.6% | 12.1% |
| Free Cash Flow | $5.1B | $3.9B | $4.6B | 30.2% | 12.6% |
| Item | Amount |
|---|---|
| REVENUE | $22.5B |
| Cost of Revenue | $19.0B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $224M |
| Operating Expenses | $224M |
| Cost & Expenses | $19.2B |
| OPERATING INCOME | $3.3B |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $708M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $81M |
| EBIT | $3.4B |
| EBITDA | $3.5B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $22.5B |
| Cost of Revenue | $19.0B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $224M |
| Operating Expenses | $224M |
| Cost & Expenses | $19.2B |
| OPERATING INCOME | $3.3B |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $708M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $81M |
| EBIT | $3.4B |
| EBITDA | $3.5B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $2.6B |
| Depreciation & Amortization | $81M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$320M |
| Change in Working Capital | $2.8B |
| OPERATING CASH FLOW | $5.2B |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8.0B |
| Sales/Maturities of Investments | $2.8B |
| Other Investing Activities | $238M |
| NET CASH FROM INVESTING | -$5.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$58M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$98M |
| FREE CASH FLOW | $5.1B |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $173M |
| Short-Term Investments | $10.2B |
| Net Receivables | $20.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $31.2B |
| PP&E (Net) | $790M |
| Goodwill | $0 |
| Intangible Assets | $2.2B |
| Long-Term Investments | $94.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.1B |
| TOTAL NON-CURRENT ASSETS | $90.3B |
| TOTAL ASSETS | $121.5B |
| 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 | $79.2B |
| TOTAL NON-CURRENT LIABILITIES | $86.1B |
| TOTAL LIABILITIES | $86.1B |
| Common Stock | $586M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $32.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $189M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $35.4B |
| TOTAL LIABILITIES & EQUITY | $121.5B |
| Total Debt | $6.9B |
| Net Debt | $6.7B |
