| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.9B | $25.5B | $25.7B | 1.9% | 0.8% |
| Op. Income | $5.4B | $5.0B | $4.7B | 8.7% | 15.3% |
| Gross Margin | 47.5% | 46.5% | 44.5% | 1.0pp | 3.0pp |
| Net Margin | 16.3% | 15.6% | 14.6% | 0.7pp | 1.8pp |
| EPS (Diluted) | $2.95 | $2.74 | $2.59 | 7.5% | 13.8% |
| Free Cash Flow | $4.3B | -$11.2B | $22.3B | 138.3% | -80.7% |
| Item | Amount |
|---|---|
| REVENUE | $25.9B |
| Cost of Revenue | $13.6B |
| GROSS PROFIT | $12.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5.4B |
| SG&A Expenses | $5.4B |
| Other Expenses | $1.5B |
| Operating Expenses | $6.9B |
| Cost & Expenses | $20.5B |
| OPERATING INCOME | $5.4B |
| Interest Income | $19.1B |
| Interest Expense | $12.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $4.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $27M |
| NET INCOME | $4.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $236M |
| EBIT | $5.4B |
| EBITDA | $5.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $25.9B |
| Cost of Revenue | $13.6B |
| GROSS PROFIT | $12.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5.4B |
| SG&A Expenses | $5.4B |
| Other Expenses | $1.5B |
| Operating Expenses | $6.9B |
| Cost & Expenses | $20.5B |
| OPERATING INCOME | $5.4B |
| Interest Income | $19.1B |
| Interest Expense | $12.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $4.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $27M |
| NET INCOME | $4.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $236M |
| EBIT | $5.4B |
| EBITDA | $5.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $4.2B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24.4B |
| Change in Working Capital | -$893M |
| OPERATING CASH FLOW | $4.7B |
| Capital Expenditure | -$437M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72.4B |
| Sales/Maturities of Investments | $69.3B |
| Other Investing Activities | -$15.9B |
| NET CASH FROM INVESTING | -$19.5B |
| Net Debt Issuance | $745M |
| Common Stock Repurchased | -$4.1B |
| Common Dividends Paid | -$1.7B |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | -$936M |
| FREE CASH FLOW | $4.3B |
| Net Change in Cash | $6.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33.8B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $33.8B |
| PP&E (Net) | $4.9B |
| Goodwill | $14.1B |
| Intangible Assets | $5.4B |
| Long-Term Investments | $1.6T |
| Tax Assets | $0 |
| Other Non-Current Assets | $84.4B |
| TOTAL NON-CURRENT ASSETS | $1.7T |
| TOTAL ASSETS | $1.7T |
| Account Payables | $0 |
| Short-Term Debt | $203.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $203.3B |
| Long-Term Debt | $61.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3T |
| TOTAL NON-CURRENT LIABILITIES | $1.4T |
| TOTAL LIABILITIES | $1.6T |
| Common Stock | $15.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $72.7B |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | $6.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $102.3B |
| Minority Interest | $42M |
| TOTAL EQUITY | $102.4B |
| TOTAL LIABILITIES & EQUITY | $1.7T |
| Total Debt | $265.3B |
| Net Debt | $231.4B |
