| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.7B | $10.2B | $9.6B | 5.4% | 11.5% |
| Op. Income | $6.1B | $6.2B | $6.3B | -0.5% | -3.2% |
| Gross Margin | 81.5% | 80.6% | 81.1% | 0.9pp | 0.4pp |
| Net Margin | 47.5% | 51.8% | 55.3% | -4.4pp | -7.8pp |
| EPS (Diluted) | $2.62 | $2.69 | $2.65 | -2.6% | -1.1% |
| Free Cash Flow | $5.8B | $6.3B | $6.4B | -7.3% | -8.0% |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $8.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $576M |
| General & Administrative | $800M |
| SG&A Expenses | $1.4B |
| Other Expenses | $1.2B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $6.1B |
| Interest Income | $0 |
| Interest Expense | $210M |
| Other Income/Expenses | $75M |
| INCOME BEFORE TAX | $6.2B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $5.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.0B |
| D&A | $316M |
| EBIT | $6.4B |
| EBITDA | $6.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $8.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $576M |
| General & Administrative | $800M |
| SG&A Expenses | $1.4B |
| Other Expenses | $1.2B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $6.1B |
| Interest Income | $0 |
| Interest Expense | $210M |
| Other Income/Expenses | $75M |
| INCOME BEFORE TAX | $6.2B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $5.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.0B |
| D&A | $316M |
| EBIT | $6.4B |
| EBITDA | $6.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $5.1B |
| Depreciation & Amortization | $316M |
| Stock-Based Compensation | $191M |
| Deferred Income Tax | -$195M |
| Other Non-Cash Items | $4.2B |
| Change in Working Capital | -$3.4B |
| OPERATING CASH FLOW | $6.2B |
| Capital Expenditure | -$389M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $556M |
| Other Investing Activities | $164M |
| NET CASH FROM INVESTING | $304M |
| Net Debt Issuance | -$3.9B |
| Common Stock Repurchased | -$4.9B |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | $3.9B |
| NET CASH FROM FINANCING | -$6.0B |
| FREE CASH FLOW | $5.8B |
| Net Change in Cash | -$673M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17.2B |
| Short-Term Investments | $1.8B |
| Net Receivables | $7.3B |
| Inventory | $0 |
| Other Current Assets | $11.5B |
| TOTAL CURRENT ASSETS | $37.8B |
| PP&E (Net) | $4.2B |
| Goodwill | $19.9B |
| Intangible Assets | $27.6B |
| Long-Term Investments | $999M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.1B |
| TOTAL NON-CURRENT ASSETS | $61.9B |
| TOTAL ASSETS | $99.6B |
| Account Payables | $555M |
| Short-Term Debt | $5.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28.9B |
| TOTAL CURRENT LIABILITIES | $35.0B |
| Long-Term Debt | $19.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.5B |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $26.7B |
| TOTAL LIABILITIES | $61.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $21.9B |
| Retained Earnings | $15.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $124M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $37.9B |
| TOTAL LIABILITIES & EQUITY | $99.6B |
| Total Debt | $25.2B |
| Net Debt | $8.0B |
