| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.7B | $24.8B | $24.1B | 3.9% | 6.6% |
| Op. Income | $4.7B | $3.8B | $3.2B | 23.4% | 48.0% |
| Gross Margin | 44.5% | 42.0% | 39.2% | 2.5pp | 5.3pp |
| Net Margin | 14.6% | 12.4% | 10.8% | 2.1pp | 3.7pp |
| EPS (Diluted) | $2.59 | $2.13 | $1.83 | 21.6% | 41.6% |
| Free Cash Flow | $22.3B | $12.1B | -$1.6B | 84.7% | 1534.0% |
| Item | Amount |
|---|---|
| REVENUE | $25.7B |
| Cost of Revenue | $14.3B |
| GROSS PROFIT | $11.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4.4B |
| SG&A Expenses | $4.4B |
| Other Expenses | $2.4B |
| Operating Expenses | $6.8B |
| Cost & Expenses | $21.0B |
| OPERATING INCOME | $4.7B |
| Interest Income | $19.3B |
| Interest Expense | $13.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.7B |
| Income Tax Expense | $951M |
| Net Income from Continuing Ops | $3.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $566M |
| EBIT | $4.7B |
| EBITDA | $5.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $25.7B |
| Cost of Revenue | $14.3B |
| GROSS PROFIT | $11.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4.4B |
| SG&A Expenses | $4.4B |
| Other Expenses | $2.4B |
| Operating Expenses | $6.8B |
| Cost & Expenses | $21.0B |
| OPERATING INCOME | $4.7B |
| Interest Income | $19.3B |
| Interest Expense | $13.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.7B |
| Income Tax Expense | $951M |
| Net Income from Continuing Ops | $3.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $566M |
| EBIT | $4.7B |
| EBITDA | $5.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $3.7B |
| Depreciation & Amortization | $566M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $713M |
| Change in Working Capital | $17.7B |
| OPERATING CASH FLOW | $22.8B |
| Capital Expenditure | -$498M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66.2B |
| Sales/Maturities of Investments | $41.7B |
| Other Investing Activities | $13.2B |
| NET CASH FROM INVESTING | -$11.8B |
| Net Debt Issuance | -$113M |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$900M |
| FREE CASH FLOW | $22.3B |
| Net Change in Cash | $10.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87.1B |
| Short-Term Investments | $208.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $295.1B |
| PP&E (Net) | $5.0B |
| Goodwill | $14.3B |
| Intangible Assets | $5.6B |
| Long-Term Investments | $927.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $358.8B |
| TOTAL NON-CURRENT ASSETS | $1.3T |
| TOTAL ASSETS | $1.6T |
| Account Payables | $0 |
| Short-Term Debt | $309.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $736.9B |
| TOTAL CURRENT LIABILITIES | $1.0T |
| Long-Term Debt | $251.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $206.2B |
| TOTAL NON-CURRENT LIABILITIES | $457.8B |
| TOTAL LIABILITIES | $1.5T |
| Common Stock | $15.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $66.3B |
| Treasury Stock | -$69M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $8.1B |
| TOTAL STOCKHOLDERS' EQUITY | $97.3B |
| Minority Interest | $70M |
| TOTAL EQUITY | $97.4B |
| TOTAL LIABILITIES & EQUITY | $1.6T |
| Total Debt | $560.7B |
| Net Debt | $473.6B |
