| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.1B | $4.0B | 1.1% | 4.9% |
| Op. Income | $728M | $731M | $749M | -0.4% | -2.8% |
| Gross Margin | 89.4% | 88.6% | 87.5% | 0.8pp | 1.9pp |
| Net Margin | 13.5% | 14.6% | 15.1% | -1.1pp | -1.6pp |
| EPS (Diluted) | $2.79 | $2.96 | $2.86 | -5.7% | -2.4% |
| Free Cash Flow | $97M | $752M | $789M | -87.1% | -87.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $441M |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.0B |
| SG&A Expenses | $3.0B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $728M |
| Interest Income | $1.0B |
| Interest Expense | $441M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $728M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $563M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $563M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $562M |
| D&A | $0 |
| EBIT | $728M |
| EBITDA | $728M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $441M |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.0B |
| SG&A Expenses | $3.0B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $728M |
| Interest Income | $1.0B |
| Interest Expense | $441M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $728M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $563M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $563M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $562M |
| D&A | $0 |
| EBIT | $728M |
| EBITDA | $728M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $562M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $79M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$580M |
| OPERATING CASH FLOW | $143M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$338M |
| Sales/Maturities of Investments | $479M |
| Other Investing Activities | -$2.1B |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $1.3B |
| Common Stock Repurchased | -$513M |
| Common Dividends Paid | -$112M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $629M |
| FREE CASH FLOW | $97M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.9B |
| Short-Term Investments | $6.6B |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $21.2B |
| PP&E (Net) | $1.3B |
| Goodwill | $1.8B |
| Intangible Assets | $0 |
| Long-Term Investments | $55.7B |
| Tax Assets | $623M |
| Other Non-Current Assets | $8.2B |
| TOTAL NON-CURRENT ASSETS | $67.5B |
| TOTAL ASSETS | $88.8B |
| Account Payables | $6.1B |
| Short-Term Debt | $368M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61.0B |
| TOTAL CURRENT LIABILITIES | $67.5B |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $8.7B |
| TOTAL LIABILITIES | $76.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $14.1B |
| Treasury Stock | -$4.3B |
| Accum. Other Comp. Income | -$348M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.6B |
| Minority Interest | $4M |
| TOTAL EQUITY | $12.6B |
| TOTAL LIABILITIES & EQUITY | $88.8B |
| Total Debt | $4.6B |
| Net Debt | -$5.3B |
