| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.8B | $21.9B | $21.4B | -4.8% | -2.8% |
| Op. Income | $8.9B | $2.6B | $2.3B | 247.0% | 290.9% |
| Gross Margin | 48.0% | 45.8% | 43.3% | 2.2pp | 4.7pp |
| Net Margin | 39.1% | 9.3% | 8.8% | 29.8pp | 30.3pp |
| EPS (Diluted) | $4.58 | $1.13 | $0.99 | 304.5% | 364.4% |
| Free Cash Flow | $8.3B | -$37.1B | $3.5B | 122.3% | 132.7% |
| Item | Amount |
|---|---|
| REVENUE | $20.8B |
| Cost of Revenue | $10.8B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $312M |
| General & Administrative | $4.3B |
| SG&A Expenses | $4.6B |
| Other Expenses | -$3.5B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $11.9B |
| OPERATING INCOME | $8.9B |
| Interest Income | $15.8B |
| Interest Expense | $9.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.9B |
| Income Tax Expense | $720M |
| Net Income from Continuing Ops | $8.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.0B |
| D&A | $390M |
| EBIT | $8.9B |
| EBITDA | $9.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $20.8B |
| Cost of Revenue | $10.8B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $312M |
| General & Administrative | $4.3B |
| SG&A Expenses | $4.6B |
| Other Expenses | -$3.5B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $11.9B |
| OPERATING INCOME | $8.9B |
| Interest Income | $15.8B |
| Interest Expense | $9.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.9B |
| Income Tax Expense | $720M |
| Net Income from Continuing Ops | $8.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.0B |
| D&A | $390M |
| EBIT | $8.9B |
| EBITDA | $9.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $8.1B |
| Depreciation & Amortization | $390M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$334M |
| Other Non-Cash Items | -$5.6B |
| Change in Working Capital | $6.0B |
| OPERATING CASH FLOW | $8.6B |
| Capital Expenditure | -$319M |
| Acquisitions (Net) | $15.1B |
| Purchases of Investments | -$32.2B |
| Sales/Maturities of Investments | $21.2B |
| Other Investing Activities | -$7.2B |
| NET CASH FROM INVESTING | -$3.5B |
| Net Debt Issuance | -$2.4B |
| Common Stock Repurchased | -$4.2B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5.7B |
| FREE CASH FLOW | $8.3B |
| Net Change in Cash | -$768M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106.5B |
| Short-Term Investments | $85.3B |
| Net Receivables | $40.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $233.6B |
| PP&E (Net) | $7.1B |
| Goodwill | $13.7B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $964.5B |
| Tax Assets | $3.9B |
| Other Non-Current Assets | $283.5B |
| TOTAL NON-CURRENT ASSETS | $1.3T |
| TOTAL ASSETS | $1.5T |
| Account Payables | $32.9B |
| Short-Term Debt | $298.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $836.7B |
| TOTAL CURRENT LIABILITIES | $1.2T |
| Long-Term Debt | $156.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $221M |
| Other Non-Current Liabilities | $84.5B |
| TOTAL NON-CURRENT LIABILITIES | $245.3B |
| TOTAL LIABILITIES | $1.4T |
| Common Stock | $18.4B |
| Additional Paid-In Capital | $145M |
| Retained Earnings | $57.5B |
| Treasury Stock | -$39M |
| Accum. Other Comp. Income | $8.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $92.1B |
| TOTAL LIABILITIES & EQUITY | $1.5T |
| Total Debt | $458.7B |
| Net Debt | $352.2B |
