Q1 2026 Earnings

Reported April 17, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$5.6B	$5.6B	$5.5B	0.3%	2.2%
Op. Income	$969M	$918M	$822M	5.6%	17.9%
Gross Margin	67.4%	65.0%	59.6%	2.3pp	7.8pp
Net Margin	13.6%	13.4%	11.7%	0.3pp	1.9pp
EPS (Diluted)	$2.49	$2.41	$2.04	3.3%	22.1%

Revenue Flow

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$1.3B
Operating Expenses	$2.8B
Cost & Expenses	$4.6B
OPERATING INCOME	$969M
Interest Income	$2.7B
Interest Expense	$1.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$969M
Income Tax Expense	$205M
Net Income from Continuing Ops	$764M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$764M
Net Income Deductions	$1M
BOTTOM LINE NET INCOME	$705M
D&A	$0
EBIT	$969M
EBITDA	$969M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$1.3B
Operating Expenses	$2.8B
Cost & Expenses	$4.6B
OPERATING INCOME	$969M
Interest Income	$2.7B
Interest Expense	$1.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$969M
Income Tax Expense	$205M
Net Income from Continuing Ops	$764M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$764M
Net Income Deductions	$1M
BOTTOM LINE NET INCOME	$705M
D&A	$0
EBIT	$969M
EBITDA	$969M
EPS	$3
EPS Diluted	$2

Balance Sheet

Item	Amount
Cash & Equivalents	$581M
Short-Term Investments	$0
Net Receivables	$4.7B
Inventory	$0
Other Current Assets	-$4.7B
TOTAL CURRENT ASSETS	$581M
PP&E (Net)	$0
Goodwill	$8.1B
Intangible Assets	$872M
Long-Term Investments	$290.0B
Tax Assets	$0
Other Non-Current Assets	$81.9B
TOTAL NON-CURRENT ASSETS	$380.9B
TOTAL ASSETS	$392.2B
Account Payables	$0
Short-Term Debt	$5.0B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$5.0B
Long-Term Debt	$25.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$334.2B
TOTAL NON-CURRENT LIABILITIES	$359.5B
TOTAL LIABILITIES	$364.4B
Common Stock	$504M
Additional Paid-In Capital	$10.7B
Retained Earnings	$31.9B
Treasury Stock	-$17.6B
Accum. Other Comp. Income	-$1.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$27.7B
Minority Interest	$0
TOTAL EQUITY	$27.7B
TOTAL LIABILITIES & EQUITY	$392.2B
Total Debt	$30.2B
Net Debt	$29.6B