| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $2.4B | 1.0% | 2.6% |
| Op. Income | $708M | $706M | $608M | 0.3% | 16.4% |
| Gross Margin | 73.8% | 73.2% | 70.1% | 0.6pp | 3.7pp |
| Net Margin | 23.2% | 23.2% | 20.5% | 0.0pp | 2.7pp |
| EPS (Diluted) | $0.61 | $0.59 | $0.49 | 3.4% | 24.5% |
| Free Cash Flow | $853M | $559M | $1.3B | 52.6% | -31.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $644M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $686M |
| SG&A Expenses | $714M |
| Other Expenses | $389M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $708M |
| Interest Income | $1.8B |
| Interest Expense | $539M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $708M |
| Income Tax Expense | $139M |
| Net Income from Continuing Ops | $569M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $569M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $548M |
| D&A | $21M |
| EBIT | $708M |
| EBITDA | $729M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $644M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $686M |
| SG&A Expenses | $714M |
| Other Expenses | $389M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $708M |
| Interest Income | $1.8B |
| Interest Expense | $539M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $708M |
| Income Tax Expense | $139M |
| Net Income from Continuing Ops | $569M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $569M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $548M |
| D&A | $21M |
| EBIT | $708M |
| EBITDA | $729M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $569M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | -$7M |
| Deferred Income Tax | $88M |
| Other Non-Cash Items | $170M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $861M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.0B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $663M |
| NET CASH FROM INVESTING | $346M |
| Net Debt Issuance | $800M |
| Common Stock Repurchased | -$251M |
| Common Dividends Paid | -$224M |
| Other Financing Activities | -$587M |
| NET CASH FROM FINANCING | -$283M |
| FREE CASH FLOW | $853M |
| Net Change in Cash | $924M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $9.0B |
| Net Receivables | $574M |
| Inventory | $0 |
| Other Current Assets | -$1M |
| TOTAL CURRENT ASSETS | $12.7B |
| PP&E (Net) | $1.7B |
| Goodwill | $5.7B |
| Intangible Assets | $146M |
| Long-Term Investments | $32.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $41.9B |
| TOTAL ASSETS | $159.9B |
| Account Payables | $0 |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $9.2B |
| TOTAL LIABILITIES | $140.8B |
| Common Stock | $9M |
| Additional Paid-In Capital | $10.8B |
| Retained Earnings | $9.9B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.0B |
| Minority Interest | $46M |
| TOTAL EQUITY | $19.1B |
| TOTAL LIABILITIES & EQUITY | $159.9B |
| Total Debt | $6.1B |
| Net Debt | $3.0B |
