| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $840M | $793M | $774M | 5.9% | 8.5% |
| Op. Income | $272M | $234M | $255M | 15.9% | 6.7% |
| Gross Margin | 43.5% | 41.6% | 44.5% | 1.8pp | -1.0pp |
| Net Margin | 24.6% | 22.5% | 21.2% | 2.1pp | 3.4pp |
| EPS (Diluted) | $6.35 | $5.40 | $4.83 | 17.6% | 31.5% |
| Free Cash Flow | $215M | $159M | $193M | 35.3% | 11.3% |
| Item | Amount |
|---|---|
| REVENUE | $840M |
| Cost of Revenue | $475M |
| GROSS PROFIT | $365M |
| R&D Expenses | $0 |
| Selling & Marketing | $175M |
| General & Administrative | $64M |
| SG&A Expenses | $239M |
| Other Expenses | -$146M |
| Operating Expenses | $93M |
| Cost & Expenses | $568M |
| OPERATING INCOME | $272M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $206M |
| D&A | $4M |
| EBIT | $278M |
| EBITDA | $282M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $840M |
| Cost of Revenue | $475M |
| GROSS PROFIT | $365M |
| R&D Expenses | $0 |
| Selling & Marketing | $175M |
| General & Administrative | $64M |
| SG&A Expenses | $239M |
| Other Expenses | -$146M |
| Operating Expenses | $93M |
| Cost & Expenses | $568M |
| OPERATING INCOME | $272M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $206M |
| D&A | $4M |
| EBIT | $278M |
| EBITDA | $282M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $207M |
| Depreciation & Amortization | $230M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$135M |
| Change in Working Capital | -$103M |
| OPERATING CASH FLOW | $203M |
| Capital Expenditure | $12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $309M |
| Sales/Maturities of Investments | -$239M |
| Other Investing Activities | -$97M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$68.0K |
| Common Stock Repurchased | -$129M |
| Common Dividends Paid | -$34M |
| Other Financing Activities | -$42.0K |
| NET CASH FROM FINANCING | -$163M |
| FREE CASH FLOW | $215M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $645M |
| Short-Term Investments | $1.1B |
| Net Receivables | $3.0B |
| Inventory | $0 |
| Other Current Assets | -$4.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $4.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.3B |
| TOTAL NON-CURRENT ASSETS | $14.8B |
| TOTAL ASSETS | $14.8B |
| Account Payables | $478M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$402M |
| TOTAL CURRENT LIABILITIES | $128M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.7B |
| TOTAL NON-CURRENT LIABILITIES | $12.6B |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $321.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $14.8B |
| Total Debt | $1.9B |
| Net Debt | $1.2B |
