| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.5B | $12.1B | $11.9B | 2.9% | 4.8% |
| Op. Income | $2.3B | $1.9B | $1.6B | 24.6% | 50.3% |
| Gross Margin | 47.1% | 29.1% | 26.2% | 18.0pp | 20.9pp |
| Net Margin | 15.1% | 12.5% | 10.6% | 2.7pp | 4.6pp |
| EPS (Diluted) | $8.24 | $6.53 | $5.42 | 26.2% | 52.0% |
| Free Cash Flow | $4.2B | $2.3B | $3.9B | 81.1% | 9.1% |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $5.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $1.6B |
| SG&A Expenses | $1.6B |
| Other Expenses | $2.0B |
| Operating Expenses | $3.5B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $111M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $456M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $166M |
| EBIT | $2.5B |
| EBITDA | $2.6B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $5.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $1.6B |
| SG&A Expenses | $1.6B |
| Other Expenses | $2.0B |
| Operating Expenses | $3.5B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $111M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $456M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $166M |
| EBIT | $2.5B |
| EBITDA | $2.6B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $166M |
| Stock-Based Compensation | -$125M |
| Deferred Income Tax | $320M |
| Other Non-Cash Items | $780M |
| Change in Working Capital | $1.2B |
| OPERATING CASH FLOW | $4.2B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $7.4B |
| Sales/Maturities of Investments | -$7.1B |
| Other Investing Activities | -$4.8B |
| NET CASH FROM INVESTING | -$4.6B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$620M |
| Common Dividends Paid | -$247M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $402M |
| FREE CASH FLOW | $4.2B |
| Net Change in Cash | $70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $592M |
| Short-Term Investments | $98.6B |
| Net Receivables | $23.0B |
| Inventory | $0 |
| Other Current Assets | -$112.3B |
| TOTAL CURRENT ASSETS | $11.6B |
| PP&E (Net) | $0 |
| Goodwill | $4.3B |
| Intangible Assets | $342M |
| Long-Term Investments | $98.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$98.6B |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $143.7B |
| Account Payables | $4.1B |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4.4B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $9.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$9.0B |
| TOTAL NON-CURRENT LIABILITIES | $112.1B |
| TOTAL LIABILITIES | $112.1B |
| Common Stock | $25.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $52.7B |
| Treasury Stock | -$43.8B |
| Accum. Other Comp. Income | -$3.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $31.6B |
| TOTAL LIABILITIES & EQUITY | $143.7B |
| Total Debt | $9.3B |
| Net Debt | $8.7B |
