| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.9B | $10.7B | $9.5B | 1.7% | 14.6% |
| Op. Income | $6.7B | $6.1B | $6.2B | 9.6% | 8.1% |
| Gross Margin | 81.7% | 81.5% | 78.8% | 0.2pp | 2.9pp |
| Net Margin | 53.7% | 47.5% | 53.8% | 6.2pp | -0.1pp |
| EPS (Diluted) | $3.03 | $2.62 | $2.58 | 15.6% | 17.4% |
| Free Cash Flow | $6.4B | $5.8B | $5.1B | 9.5% | 26.7% |
| Item | Amount |
|---|---|
| REVENUE | $10.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $8.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $410M |
| General & Administrative | $723M |
| SG&A Expenses | $1.1B |
| Other Expenses | $1.0B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $6.7B |
| Interest Income | $0 |
| Interest Expense | $194M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $6.7B |
| Income Tax Expense | $873M |
| Net Income from Continuing Ops | $5.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.8B |
| D&A | $326M |
| EBIT | $6.9B |
| EBITDA | $7.2B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $10.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $8.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $410M |
| General & Administrative | $723M |
| SG&A Expenses | $1.1B |
| Other Expenses | $1.0B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $6.7B |
| Interest Income | $0 |
| Interest Expense | $194M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $6.7B |
| Income Tax Expense | $873M |
| Net Income from Continuing Ops | $5.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.8B |
| D&A | $326M |
| EBIT | $6.9B |
| EBITDA | $7.2B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $5.9B |
| Depreciation & Amortization | $326M |
| Stock-Based Compensation | $231M |
| Deferred Income Tax | -$435M |
| Other Non-Cash Items | $4.3B |
| Change in Working Capital | -$3.5B |
| OPERATING CASH FLOW | $6.8B |
| Capital Expenditure | -$378M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $725M |
| Other Investing Activities | $19M |
| NET CASH FROM INVESTING | $361M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.7B |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$4.0B |
| NET CASH FROM FINANCING | -$9.0B |
| FREE CASH FLOW | $6.4B |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.8B |
| Short-Term Investments | $1.6B |
| Net Receivables | $3.2B |
| Inventory | $0 |
| Other Current Assets | $15.4B |
| TOTAL CURRENT ASSETS | $35.0B |
| PP&E (Net) | $4.3B |
| Goodwill | $19.9B |
| Intangible Assets | $27.7B |
| Long-Term Investments | $484M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.5B |
| TOTAL NON-CURRENT ASSETS | $61.8B |
| TOTAL ASSETS | $96.8B |
| Account Payables | $433M |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29.5B |
| TOTAL CURRENT LIABILITIES | $31.5B |
| Long-Term Debt | $19.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.2B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $26.5B |
| TOTAL LIABILITIES | $58.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $22.0B |
| Retained Earnings | $16.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $247M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $38.8B |
| TOTAL LIABILITIES & EQUITY | $96.8B |
| Total Debt | $21.2B |
| Net Debt | $6.4B |
