| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.2B | $9.6B | $8.9B | 6.0% | 14.3% |
| Op. Income | $6.2B | $5.4B | $5.9B | 13.7% | 4.0% |
| Gross Margin | 80.6% | 80.4% | 80.1% | 0.2pp | 0.5pp |
| Net Margin | 51.8% | 47.7% | 54.7% | 4.1pp | -2.9pp |
| EPS (Diluted) | $2.69 | $2.32 | $2.40 | 15.9% | 12.1% |
| Free Cash Flow | $6.3B | $4.4B | $4.7B | 44.4% | 33.3% |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $8.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $421M |
| General & Administrative | $669M |
| SG&A Expenses | $1.1B |
| Other Expenses | $932M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $6.2B |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | $156M |
| INCOME BEFORE TAX | $6.3B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $5.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.3B |
| D&A | $317M |
| EBIT | $6.4B |
| EBITDA | $6.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $8.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $421M |
| General & Administrative | $669M |
| SG&A Expenses | $1.1B |
| Other Expenses | $932M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $6.2B |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | $156M |
| INCOME BEFORE TAX | $6.3B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $5.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.3B |
| D&A | $317M |
| EBIT | $6.4B |
| EBITDA | $6.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $5.3B |
| Depreciation & Amortization | $317M |
| Stock-Based Compensation | $223M |
| Deferred Income Tax | $433M |
| Other Non-Cash Items | $4.0B |
| Change in Working Capital | -$3.5B |
| OPERATING CASH FLOW | $6.7B |
| Capital Expenditure | -$421M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $200M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$256M |
| Net Debt Issuance | $3.9B |
| Common Stock Repurchased | -$4.8B |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | $89M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $6.3B |
| Net Change in Cash | $5.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17.1B |
| Short-Term Investments | $2.1B |
| Net Receivables | $7.7B |
| Inventory | $0 |
| Other Current Assets | $11.5B |
| TOTAL CURRENT ASSETS | $38.4B |
| PP&E (Net) | $4.1B |
| Goodwill | $19.9B |
| Intangible Assets | $27.7B |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.7B |
| TOTAL NON-CURRENT ASSETS | $61.6B |
| TOTAL ASSETS | $100.0B |
| Account Payables | $462M |
| Short-Term Debt | $5.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28.4B |
| TOTAL CURRENT LIABILITIES | $34.4B |
| Long-Term Debt | $19.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.8B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $26.9B |
| TOTAL LIABILITIES | $61.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $21.7B |
| Retained Earnings | $16.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $38.7B |
| TOTAL LIABILITIES & EQUITY | $100.0B |
| Total Debt | $25.1B |
| Net Debt | $8.0B |
