| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.0B | $5.0B | 6.1% | 6.8% |
| Op. Income | $820M | $680M | $558M | 20.4% | 47.0% |
| Gross Margin | 33.1% | 31.6% | 32.2% | 1.5pp | 0.8pp |
| Net Margin | 25.9% | 21.0% | 8.7% | 4.9pp | 17.3pp |
| EPS (Diluted) | $5.13 | $3.83 | $2.06 | 33.8% | 149.4% |
| Free Cash Flow | $975M | $942M | $1.0B | 3.5% | -4.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $339M |
| Selling & Marketing | $467M |
| General & Administrative | $127M |
| SG&A Expenses | $594M |
| Other Expenses | $0 |
| Operating Expenses | $933M |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $820M |
| Interest Income | $68M |
| Interest Expense | $8M |
| Other Income/Expenses | $374M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | -$179M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $29M |
| EBIT | $1.2B |
| EBITDA | $1.2B |
| EPS | $7 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $339M |
| Selling & Marketing | $467M |
| General & Administrative | $127M |
| SG&A Expenses | $594M |
| Other Expenses | $0 |
| Operating Expenses | $933M |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $820M |
| Interest Income | $68M |
| Interest Expense | $8M |
| Other Income/Expenses | $374M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | -$179M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $29M |
| EBIT | $1.2B |
| EBITDA | $1.2B |
| EPS | $7 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $67M |
| Deferred Income Tax | -$179M |
| Other Non-Cash Items | -$317M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$6.9B |
| Sales/Maturities of Investments | $6.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$735M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | -$445M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$70M |
| NET CASH FROM FINANCING | -$489M |
| FREE CASH FLOW | $975M |
| Net Change in Cash | -$231M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.1B |
| Short-Term Investments | $4.9B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $12.3B |
| PP&E (Net) | $493M |
| Goodwill | $1.3B |
| Intangible Assets | $48M |
| Long-Term Investments | $2.6B |
| Tax Assets | $774M |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $17.5B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $831M |
| Other Current Liabilities | $3.1B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $506M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $190M |
| Other Non-Current Liabilities | -$504M |
| TOTAL NON-CURRENT LIABILITIES | $699M |
| TOTAL LIABILITIES | $7.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.6B |
| Retained Earnings | -$972M |
| Treasury Stock | -$819M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.9B |
| TOTAL STOCKHOLDERS' EQUITY | $9.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $17.5B |
| Total Debt | $2.7B |
| Net Debt | -$3.4B |
