| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $5.5B | $5.5B | 5.5% | 6.3% |
| Op. Income | $889M | $822M | $912M | 8.2% | -2.5% |
| Gross Margin | 59.3% | 59.6% | 58.3% | -0.2pp | 1.0pp |
| Net Margin | 12.0% | 11.7% | 13.0% | 0.2pp | -1.1pp |
| EPS (Diluted) | $2.17 | $2.04 | $2.15 | 6.4% | 0.9% |
| Free Cash Flow | -$8.8B | $2.2B | -$7.9B | -503.7% | -11.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $39M |
| General & Administrative | $1.2B |
| SG&A Expenses | $1.2B |
| Other Expenses | $1.3B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $889M |
| Interest Income | $3.1B |
| Interest Expense | $2.3B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $889M |
| Income Tax Expense | $196M |
| Net Income from Continuing Ops | $693M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $693M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $630M |
| D&A | $117M |
| EBIT | $889M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $39M |
| General & Administrative | $1.2B |
| SG&A Expenses | $1.2B |
| Other Expenses | $1.3B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $889M |
| Interest Income | $3.1B |
| Interest Expense | $2.3B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $889M |
| Income Tax Expense | $196M |
| Net Income from Continuing Ops | $693M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $693M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $630M |
| D&A | $117M |
| EBIT | $889M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $693M |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$82M |
| Other Non-Cash Items | $156M |
| Change in Working Capital | -$9.3B |
| OPERATING CASH FLOW | -$8.4B |
| Capital Expenditure | -$319M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14.0B |
| Sales/Maturities of Investments | $15.3B |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$384M |
| Net Debt Issuance | -$1.0B |
| Common Stock Repurchased | -$314M |
| Common Dividends Paid | -$283M |
| Other Financing Activities | $9.8B |
| NET CASH FROM FINANCING | $8.2B |
| FREE CASH FLOW | -$8.8B |
| Net Change in Cash | -$638M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122.9B |
| Short-Term Investments | $18.0B |
| Net Receivables | $5.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $147.4B |
| PP&E (Net) | $3.8B |
| Goodwill | $7.9B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $145.6B |
| Tax Assets | $691M |
| Other Non-Current Assets | $70.3B |
| TOTAL NON-CURRENT ASSETS | $229.3B |
| TOTAL ASSETS | $376.7B |
| Account Payables | $0 |
| Short-Term Debt | $12.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $283.0B |
| TOTAL CURRENT LIABILITIES | $295.2B |
| Long-Term Debt | $25.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28.3B |
| TOTAL NON-CURRENT LIABILITIES | $54.2B |
| TOTAL LIABILITIES | $349.4B |
| Common Stock | $504M |
| Additional Paid-In Capital | $10.7B |
| Retained Earnings | $30.4B |
| Treasury Stock | -$16.5B |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.3B |
| TOTAL LIABILITIES & EQUITY | $376.7B |
| Total Debt | $38.1B |
| Net Debt | -$84.7B |
