FY 2025 Earnings

Reported January 22, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$2.9B	—	$2.9B	—	2.4%
Op. Income	$780M	—	$581M	—	34.2%
Gross Margin	65.9%	—	49.1%	—	16.8pp
Net Margin	22.0%	—	16.6%	—	5.3pp
EPS (Diluted)	$8.09	—	$5.96	—	35.7%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$996M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$82M
General & Administrative	$840M
SG&A Expenses	$922M
Other Expenses	$224M
Operating Expenses	$1.1B
Cost & Expenses	$2.1B
OPERATING INCOME	$780M
Interest Income	$2.8B
Interest Expense	$1.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$780M
Income Tax Expense	$138M
Net Income from Continuing Ops	$642M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$642M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$627M
D&A	$58M
EBIT	$780M
EBITDA	$838M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$996M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$82M
General & Administrative	$840M
SG&A Expenses	$922M
Other Expenses	$224M
Operating Expenses	$1.1B
Cost & Expenses	$2.1B
OPERATING INCOME	$780M
Interest Income	$2.8B
Interest Expense	$1.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$780M
Income Tax Expense	$138M
Net Income from Continuing Ops	$642M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$642M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$627M
D&A	$58M
EBIT	$780M
EBITDA	$838M
EPS	$8
EPS Diluted	$8

Balance Sheet

Item	Amount
Cash & Equivalents	$3.6B
Short-Term Investments	$9.3B
Net Receivables	$38.9B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$51.8B
PP&E (Net)	$340M
Goodwill	$1.8B
Intangible Assets	$30M
Long-Term Investments	$392M
Tax Assets	$0
Other Non-Current Assets	$3.3B
TOTAL NON-CURRENT ASSETS	$6.0B
TOTAL ASSETS	$57.7B
Account Payables	$380M
Short-Term Debt	$316M
Deferred Revenue	$0
Other Current Liabilities	$47.8B
TOTAL CURRENT LIABILITIES	$48.5B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$50.7B
Common Stock	$78M
Additional Paid-In Capital	$3.1B
Retained Earnings	$3.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$123M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.0B
Minority Interest	$0
TOTAL EQUITY	$7.0B
TOTAL LIABILITIES & EQUITY	$57.7B
Total Debt	$2.5B
Net Debt	-$1.0B