Q1 2026 Earnings

Reported April 17, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$2.3B	$2.4B	$2.3B	-3.4%	0.5%
Op. Income	$714M	$708M	$621M	0.8%	15.0%
Gross Margin	76.6%	79.8%	71.7%	-3.2pp	4.9pp
Net Margin	24.0%	22.2%	21.2%	1.8pp	2.9pp
EPS (Diluted)	$0.62	$0.58	$0.51	6.9%	21.6%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$545M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$839M
SG&A Expenses	$839M
Other Expenses	$229M
Operating Expenses	$1.1B
Cost & Expenses	$1.6B
OPERATING INCOME	$714M
Interest Income	$1.7B
Interest Expense	$454M
Other Income/Expenses	$0
INCOME BEFORE TAX	$714M
Income Tax Expense	$155M
Net Income from Continuing Ops	$559M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$559M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$539M
D&A	$0
EBIT	$714M
EBITDA	$714M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$545M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$839M
SG&A Expenses	$839M
Other Expenses	$229M
Operating Expenses	$1.1B
Cost & Expenses	$1.6B
OPERATING INCOME	$714M
Interest Income	$1.7B
Interest Expense	$454M
Other Income/Expenses	$0
INCOME BEFORE TAX	$714M
Income Tax Expense	$155M
Net Income from Continuing Ops	$559M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$559M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$539M
D&A	$0
EBIT	$714M
EBITDA	$714M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$3.4B
Short-Term Investments	$0
Net Receivables	$569M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$1.7B
Goodwill	$5.7B
Intangible Assets	$133M
Long-Term Investments	$137.4B
Tax Assets	$0
Other Non-Current Assets	$11.8B
TOTAL NON-CURRENT ASSETS	$156.7B
TOTAL ASSETS	$160.7B
Account Payables	$0
Short-Term Debt	$3.2B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$135.6B
TOTAL NON-CURRENT LIABILITIES	$138.7B
TOTAL LIABILITIES	$141.9B
Common Stock	$9M
Additional Paid-In Capital	$10.0B
Retained Earnings	$10.5B
Treasury Stock	-$1.4B
Accum. Other Comp. Income	-$1.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.8B
Minority Interest	$65M
TOTAL EQUITY	$18.8B
TOTAL LIABILITIES & EQUITY	$160.7B
Total Debt	$6.3B
Net Debt	$2.9B