| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.4B | $12.5B | $12.0B | -0.3% | 3.5% |
| Op. Income | $3.1B | $2.3B | $2.6B | 32.4% | 19.6% |
| Gross Margin | 53.1% | 47.1% | 34.7% | 6.0pp | 18.4pp |
| Net Margin | 20.1% | 15.1% | 17.3% | 4.9pp | 2.7pp |
| EPS (Diluted) | $11.06 | $8.24 | $8.96 | 34.2% | 23.4% |
| Free Cash Flow | $2.7B | $4.2B | $2.1B | -36.5% | 30.1% |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $5.8B |
| GROSS PROFIT | $6.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $2.0B |
| Operating Expenses | $3.5B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $3.1B |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $607M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $162M |
| EBIT | $3.2B |
| EBITDA | $3.4B |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $5.8B |
| GROSS PROFIT | $6.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $2.0B |
| Operating Expenses | $3.5B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $3.1B |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $607M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $162M |
| EBIT | $3.2B |
| EBITDA | $3.4B |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $162M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.3B |
| Sales/Maturities of Investments | $3.1B |
| Other Investing Activities | -$359M |
| NET CASH FROM INVESTING | -$575M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.6B |
| Common Dividends Paid | -$242M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $2.7B |
| Net Change in Cash | $113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $842M |
| Short-Term Investments | $5.7B |
| Net Receivables | $14.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $21.4B |
| PP&E (Net) | $0 |
| Goodwill | $4.1B |
| Intangible Assets | $336M |
| Long-Term Investments | $95.5B |
| Tax Assets | $887M |
| Other Non-Current Assets | $21.5B |
| TOTAL NON-CURRENT ASSETS | $122.3B |
| TOTAL ASSETS | $143.7B |
| Account Payables | $3.6B |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$92.0B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $9.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $101.8B |
| TOTAL NON-CURRENT LIABILITIES | $110.8B |
| TOTAL LIABILITIES | $110.8B |
| Common Stock | $25.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $54.9B |
| Treasury Stock | -$45.4B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $32.9B |
| TOTAL LIABILITIES & EQUITY | $143.7B |
| Total Debt | $9.3B |
| Net Debt | $8.4B |
