| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.3B | 5.0% | 5.3% |
| Op. Income | $706M | $621M | $625M | 13.7% | 13.0% |
| Gross Margin | 73.2% | 71.7% | 70.6% | 1.5pp | 2.6pp |
| Net Margin | 23.2% | 21.2% | 21.7% | 2.0pp | 1.5pp |
| EPS (Diluted) | $0.59 | $0.51 | $0.52 | 15.7% | 13.5% |
| Free Cash Flow | $559M | $1.1B | $154M | -47.3% | 263.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $651M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $678M |
| SG&A Expenses | $704M |
| Other Expenses | $369M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $706M |
| Interest Income | $1.8B |
| Interest Expense | $525M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $706M |
| Income Tax Expense | $143M |
| Net Income from Continuing Ops | $563M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $563M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $534M |
| D&A | $19M |
| EBIT | $706M |
| EBITDA | $725M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $651M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $678M |
| SG&A Expenses | $704M |
| Other Expenses | $369M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $706M |
| Interest Income | $1.8B |
| Interest Expense | $525M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $706M |
| Income Tax Expense | $143M |
| Net Income from Continuing Ops | $563M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $563M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $534M |
| D&A | $19M |
| EBIT | $706M |
| EBITDA | $725M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $563M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | -$73M |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $573M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.9B |
| Sales/Maturities of Investments | $990M |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | -$750M |
| Common Stock Repurchased | -$144M |
| Common Dividends Paid | -$226M |
| Other Financing Activities | -$421M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $559M |
| Net Change in Cash | -$3.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.2B |
| Short-Term Investments | $23.6B |
| Net Receivables | $574M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $35.4B |
| PP&E (Net) | $1.8B |
| Goodwill | $5.7B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $106.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.1B |
| TOTAL NON-CURRENT ASSETS | $123.8B |
| TOTAL ASSETS | $159.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $130.9B |
| TOTAL CURRENT LIABILITIES | $130.9B |
| Long-Term Debt | $5.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $9.6B |
| TOTAL LIABILITIES | $140.5B |
| Common Stock | $9M |
| Additional Paid-In Capital | $11.0B |
| Retained Earnings | $9.6B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$2.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.7B |
| Minority Interest | $40M |
| TOTAL EQUITY | $18.7B |
| TOTAL LIABILITIES & EQUITY | $159.2B |
| Total Debt | $5.3B |
| Net Debt | -$5.9B |
