| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21.0B | $20.8B | $22.2B | 0.8% | -5.4% |
| Op. Income | $3.1B | $8.9B | $309M | -65.0% | 902.6% |
| Gross Margin | 50.6% | 48.0% | 43.0% | 2.5pp | 7.6pp |
| Net Margin | 11.6% | 39.1% | -0.6% | -27.5pp | 12.2pp |
| EPS (Diluted) | $1.38 | $4.58 | $-0.10 | -69.9% | 1450.0% |
| Free Cash Flow | -$16.3B | $8.3B | -$7.7B | -297.0% | -112.2% |
| Item | Amount |
|---|---|
| REVENUE | $21.0B |
| Cost of Revenue | $10.4B |
| GROSS PROFIT | $10.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $286M |
| General & Administrative | $4.4B |
| SG&A Expenses | $4.7B |
| Other Expenses | $2.8B |
| Operating Expenses | $7.5B |
| Cost & Expenses | $17.9B |
| OPERATING INCOME | $3.1B |
| Interest Income | $15.9B |
| Interest Expense | $9.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $661M |
| 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 | $2.4B |
| D&A | $386M |
| EBIT | $3.1B |
| EBITDA | $3.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $21.0B |
| Cost of Revenue | $10.4B |
| GROSS PROFIT | $10.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $286M |
| General & Administrative | $4.4B |
| SG&A Expenses | $4.7B |
| Other Expenses | $2.8B |
| Operating Expenses | $7.5B |
| Cost & Expenses | $17.9B |
| OPERATING INCOME | $3.1B |
| Interest Income | $15.9B |
| Interest Expense | $9.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $661M |
| 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 | $2.4B |
| D&A | $386M |
| EBIT | $3.1B |
| EBITDA | $3.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $386M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$322M |
| Other Non-Cash Items | $981M |
| Change in Working Capital | -$19.3B |
| OPERATING CASH FLOW | -$15.9B |
| Capital Expenditure | -$420M |
| Acquisitions (Net) | $97M |
| Purchases of Investments | -$27.5B |
| Sales/Maturities of Investments | $28.9B |
| Other Investing Activities | $18.0B |
| NET CASH FROM INVESTING | $19.1B |
| Net Debt Issuance | -$490M |
| Common Stock Repurchased | -$3.5B |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3.2B |
| FREE CASH FLOW | -$16.3B |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89.5B |
| Short-Term Investments | $89.7B |
| Net Receivables | $31.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $211.7B |
| PP&E (Net) | $7.2B |
| Goodwill | $13.7B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $948.4B |
| Tax Assets | $4.2B |
| Other Non-Current Assets | $299.7B |
| TOTAL NON-CURRENT ASSETS | $1.3T |
| TOTAL ASSETS | $1.5T |
| Account Payables | $23.7B |
| Short-Term Debt | $304.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $845.2B |
| TOTAL CURRENT LIABILITIES | $1.2T |
| Long-Term Debt | $151.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $191M |
| Other Non-Current Liabilities | $62.6B |
| TOTAL NON-CURRENT LIABILITIES | $218.4B |
| TOTAL LIABILITIES | $1.4T |
| Common Stock | $18.2B |
| Additional Paid-In Capital | $178M |
| Retained Earnings | $57.5B |
| Treasury Stock | -$69M |
| Accum. Other Comp. Income | $7.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $91.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $91.6B |
| TOTAL LIABILITIES & EQUITY | $1.5T |
| Total Debt | $459.7B |
| Net Debt | $370.2B |
