| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.0B | $10.5B | $10.8B | 4.5% | 2.0% |
| Op. Income | $2.5B | $2.3B | $2.1B | 10.4% | 22.2% |
| Gross Margin | 61.1% | 61.5% | 58.2% | -0.3pp | 2.9pp |
| Net Margin | 18.2% | 17.2% | 15.9% | 0.9pp | 2.3pp |
| EPS (Diluted) | $1.21 | $1.11 | $1.03 | 9.0% | 17.5% |
| Free Cash Flow | $3.4B | $2.0B | $972M | 66.8% | 248.6% |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $175M |
| General & Administrative | $2.6B |
| SG&A Expenses | $2.7B |
| Other Expenses | $1.5B |
| Operating Expenses | $4.2B |
| Cost & Expenses | $8.5B |
| OPERATING INCOME | $2.5B |
| Interest Income | $7.9B |
| Interest Expense | $3.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $524M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $216M |
| EBIT | $2.5B |
| EBITDA | $2.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $175M |
| General & Administrative | $2.6B |
| SG&A Expenses | $2.7B |
| Other Expenses | $1.5B |
| Operating Expenses | $4.2B |
| Cost & Expenses | $8.5B |
| OPERATING INCOME | $2.5B |
| Interest Income | $7.9B |
| Interest Expense | $3.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $524M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $216M |
| EBIT | $2.5B |
| EBITDA | $2.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $216M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $491M |
| Change in Working Capital | $680M |
| OPERATING CASH FLOW | $3.4B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $5.3B |
| Other Investing Activities | -$3.3B |
| NET CASH FROM INVESTING | $230M |
| Net Debt Issuance | -$1.2B |
| Common Stock Repurchased | -$101M |
| Common Dividends Paid | -$784M |
| Other Financing Activities | $7.4B |
| NET CASH FROM FINANCING | $5.2B |
| FREE CASH FLOW | $3.4B |
| Net Change in Cash | $8.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66.6B |
| Short-Term Investments | $89.0B |
| Net Receivables | $7.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $163.6B |
| PP&E (Net) | $3.7B |
| Goodwill | $12.6B |
| Intangible Assets | $5.2B |
| Long-Term Investments | $446.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $64.1B |
| TOTAL NON-CURRENT ASSETS | $531.7B |
| TOTAL ASSETS | $695.4B |
| Account Payables | $0 |
| Short-Term Debt | $15.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $526.1B |
| TOTAL CURRENT LIABILITIES | $541.6B |
| Long-Term Debt | $62.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27.4B |
| TOTAL NON-CURRENT LIABILITIES | $90.0B |
| TOTAL LIABILITIES | $631.6B |
| Common Stock | $21M |
| Additional Paid-In Capital | $8.7B |
| Retained Earnings | $79.7B |
| Treasury Stock | -$24.2B |
| Accum. Other Comp. Income | -$7.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $63.3B |
| Minority Interest | $458M |
| TOTAL EQUITY | $63.8B |
| TOTAL LIABILITIES & EQUITY | $695.4B |
| Total Debt | $78.0B |
| Net Debt | $11.3B |
