| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.1B | $11.8B | $11.3B | 2.6% | 7.4% |
| Op. Income | $1.9B | $468M | $656M | 301.9% | 186.7% |
| Gross Margin | 29.1% | 17.2% | 19.8% | 11.9pp | 9.3pp |
| Net Margin | 12.5% | 3.3% | 4.7% | 9.1pp | 7.7pp |
| EPS (Diluted) | $6.53 | $1.70 | $2.29 | 284.1% | 185.2% |
| Free Cash Flow | $2.3B | $1.4B | $1.7B | 71.6% | 39.2% |
| Item | Amount |
|---|---|
| REVENUE | $12.1B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $99M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $10.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $0 |
| Interest Expense | $99M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $372M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $164M |
| EBIT | $2.0B |
| EBITDA | $2.1B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $12.1B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $99M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $10.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $0 |
| Interest Expense | $99M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $372M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $164M |
| EBIT | $2.0B |
| EBITDA | $2.1B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $164M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$83M |
| Other Non-Cash Items | $902M |
| Change in Working Capital | -$158M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.0B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | -$133M |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$522M |
| Common Dividends Paid | -$250M |
| Other Financing Activities | $70M |
| NET CASH FROM FINANCING | -$702M |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | -$65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $521M |
| Short-Term Investments | $93.0B |
| Net Receivables | $23.2B |
| Inventory | $0 |
| Other Current Assets | -$106.3B |
| TOTAL CURRENT ASSETS | $12.0B |
| PP&E (Net) | $0 |
| Goodwill | $4.3B |
| Intangible Assets | $348M |
| Long-Term Investments | $93.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$93.0B |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $138.9B |
| Account Payables | $4.1B |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4.4B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $7.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $101.6B |
| TOTAL NON-CURRENT LIABILITIES | $109.4B |
| TOTAL LIABILITIES | $109.4B |
| Common Stock | $25.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $51.0B |
| Treasury Stock | -$43.2B |
| Accum. Other Comp. Income | -$4.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.5B |
| TOTAL LIABILITIES & EQUITY | $138.9B |
| Total Debt | $8.0B |
| Net Debt | $7.5B |
