| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | $6.8B | $6.6B | 3.3% | 7.4% |
| Op. Income | $3.0B | $2.8B | $1.8B | 7.8% | 64.0% |
| Gross Margin | 87.1% | 85.8% | 74.0% | 1.3pp | 13.2pp |
| Net Margin | 33.5% | 31.2% | 21.5% | 2.3pp | 12.0pp |
| EPS (Diluted) | $1.26 | $1.08 | $0.71 | 16.7% | 77.5% |
| Free Cash Flow | $393M | $3.0B | $19.0B | -87.1% | -97.9% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $906M |
| GROSS PROFIT | $6.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $1.4B |
| Operating Expenses | $3.1B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $3.0B |
| Interest Income | $4.0B |
| Interest Expense | $906M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $663M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $339M |
| EBIT | $3.0B |
| EBITDA | $3.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $906M |
| GROSS PROFIT | $6.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $1.4B |
| Operating Expenses | $3.1B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $3.0B |
| Interest Income | $4.0B |
| Interest Expense | $906M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $663M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $339M |
| EBIT | $3.0B |
| EBITDA | $3.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $339M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | $437M |
| Other Non-Cash Items | $379M |
| Change in Working Capital | -$3.0B |
| OPERATING CASH FLOW | $538M |
| Capital Expenditure | -$145M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $10.4B |
| Other Investing Activities | -$3.0B |
| NET CASH FROM INVESTING | $6.1B |
| Net Debt Issuance | -$10.1B |
| Common Stock Repurchased | -$2.7B |
| Common Dividends Paid | -$562M |
| Other Financing Activities | $6.0B |
| NET CASH FROM FINANCING | -$7.4B |
| FREE CASH FLOW | $393M |
| Net Change in Cash | -$704M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30.6B |
| Short-Term Investments | $62.0B |
| Net Receivables | $98.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $191.1B |
| PP&E (Net) | $3.1B |
| Goodwill | $12.0B |
| Intangible Assets | $7.4B |
| Long-Term Investments | $188.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $63.5B |
| TOTAL NON-CURRENT ASSETS | $274.2B |
| TOTAL ASSETS | $465.3B |
| Account Payables | $137.8B |
| Short-Term Debt | $7.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $239.1B |
| TOTAL CURRENT LIABILITIES | $384.3B |
| Long-Term Debt | $20.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.4B |
| TOTAL NON-CURRENT LIABILITIES | $31.6B |
| TOTAL LIABILITIES | $415.9B |
| Common Stock | $21M |
| Additional Paid-In Capital | $27.9B |
| Retained Earnings | $42.2B |
| Treasury Stock | -$15.7B |
| Accum. Other Comp. Income | -$11.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $49.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $49.4B |
| TOTAL LIABILITIES & EQUITY | $465.3B |
| Total Debt | $27.6B |
| Net Debt | -$3.0B |
