| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21.1B | $20.9B | $19.8B | 1.2% | 6.9% |
| Op. Income | $5.2B | $4.8B | $4.6B | 8.6% | 12.6% |
| Gross Margin | 65.1% | 64.6% | 65.9% | 0.5pp | -0.8pp |
| Net Margin | 15.2% | 14.1% | 14.8% | 1.1pp | 0.5pp |
| EPS (Diluted) | $2.84 | $2.58 | $2.49 | 10.1% | 14.1% |
| Free Cash Flow | $4.6B | $4.4B | $3.3B | 4.5% | 38.2% |
| Item | Amount |
|---|---|
| REVENUE | $21.1B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $13.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $864M |
| General & Administrative | $4.5B |
| SG&A Expenses | $5.4B |
| Other Expenses | $3.1B |
| Operating Expenses | $8.5B |
| Cost & Expenses | $15.9B |
| OPERATING INCOME | $5.2B |
| Interest Income | $0 |
| Interest Expense | $922M |
| Other Income/Expenses | -$933M |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $3.1B |
| EBIT | $5.2B |
| EBITDA | $8.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $21.1B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $13.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $864M |
| General & Administrative | $4.5B |
| SG&A Expenses | $5.4B |
| Other Expenses | $3.1B |
| Operating Expenses | $8.5B |
| Cost & Expenses | $15.9B |
| OPERATING INCOME | $5.2B |
| Interest Income | $0 |
| Interest Expense | $922M |
| Other Income/Expenses | -$933M |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $3.1B |
| EBIT | $5.2B |
| EBITDA | $8.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $3.1B |
| Stock-Based Compensation | $200M |
| Deferred Income Tax | $937M |
| Other Non-Cash Items | $284M |
| Change in Working Capital | -$797M |
| OPERATING CASH FLOW | $7.0B |
| Capital Expenditure | -$2.4B |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $836M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$3.6B |
| Common Stock Repurchased | -$2.6B |
| Common Dividends Paid | -$996M |
| Other Financing Activities | -$60M |
| NET CASH FROM FINANCING | -$7.2B |
| FREE CASH FLOW | $4.6B |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.3B |
| Short-Term Investments | $0 |
| Net Receivables | $8.8B |
| Inventory | $1.7B |
| Other Current Assets | $4.9B |
| TOTAL CURRENT ASSETS | $26.8B |
| PP&E (Net) | $65.3B |
| Goodwill | $13.5B |
| Intangible Assets | $98.4B |
| Long-Term Investments | $2.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.7B |
| TOTAL NON-CURRENT ASSETS | $185.9B |
| TOTAL ASSETS | $212.6B |
| Account Payables | $4.1B |
| Short-Term Debt | $6.4B |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $2.2B |
| TOTAL CURRENT LIABILITIES | $22.1B |
| Long-Term Debt | $76.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18.5B |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $129.4B |
| TOTAL LIABILITIES | $151.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $69.0B |
| Retained Earnings | $18.6B |
| Treasury Stock | -$25.6B |
| Accum. Other Comp. Income | -$908M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $61.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $61.1B |
| TOTAL LIABILITIES & EQUITY | $212.6B |
| Total Debt | $117.9B |
| Net Debt | $107.6B |
