| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $4.0B | $3.6B | -4.8% | 5.5% |
| Op. Income | $671M | $749M | $609M | -10.4% | 10.2% |
| Gross Margin | 87.9% | 87.5% | 84.9% | 0.4pp | 3.0pp |
| Net Margin | 13.1% | 15.1% | 13.2% | -2.0pp | -0.2pp |
| EPS (Diluted) | $2.36 | $2.86 | $2.22 | -17.5% | 6.3% |
| Free Cash Flow | $71M | $789M | $342M | -91.0% | -79.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $458M |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.2B |
| SG&A Expenses | $2.2B |
| Other Expenses | $458M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $671M |
| Interest Income | $963M |
| Interest Expense | $442M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $671M |
| Income Tax Expense | $176M |
| Net Income from Continuing Ops | $495M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $495M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $492M |
| D&A | $47M |
| EBIT | $671M |
| EBITDA | $718M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $458M |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.2B |
| SG&A Expenses | $2.2B |
| Other Expenses | $458M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $671M |
| Interest Income | $963M |
| Interest Expense | $442M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $671M |
| Income Tax Expense | $176M |
| Net Income from Continuing Ops | $495M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $495M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $492M |
| D&A | $47M |
| EBIT | $671M |
| EBITDA | $718M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $495M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $94M |
| Change in Working Capital | -$584M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$92M |
| Sales/Maturities of Investments | $503M |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | -$659M |
| Net Debt Issuance | -$200M |
| Common Stock Repurchased | -$274M |
| Common Dividends Paid | -$106M |
| Other Financing Activities | $564M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | -$493M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.7B |
| Short-Term Investments | $7.4B |
| Net Receivables | $4.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.0B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.4B |
| Intangible Assets | $411M |
| Long-Term Investments | $50.1B |
| Tax Assets | $610M |
| Other Non-Current Assets | $7.4B |
| TOTAL NON-CURRENT ASSETS | $61.2B |
| TOTAL ASSETS | $83.1B |
| Account Payables | $5.9B |
| Short-Term Debt | $787M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57.4B |
| TOTAL CURRENT LIABILITIES | $64.0B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $70.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $12.8B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | -$546M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.2B |
| Minority Interest | $15M |
| TOTAL EQUITY | $12.2B |
| TOTAL LIABILITIES & EQUITY | $83.1B |
| Total Debt | $3.7B |
| Net Debt | -$6.0B |
