| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.2B | $4.4B | 0.4% | -4.0% |
| Op. Income | $801M | $584M | $842M | 37.2% | -4.8% |
| Gross Margin | 46.2% | 44.0% | 44.3% | 2.3pp | 2.0pp |
| Net Margin | 15.0% | 9.9% | 14.3% | 5.1pp | 0.7pp |
| EPS (Diluted) | $2.48 | $1.58 | $2.44 | 56.9% | 1.6% |
| Free Cash Flow | -$1.5B | -$329M | -$5.3B | -353.7% | 72.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $714M |
| SG&A Expenses | $740M |
| Other Expenses | $410M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $801M |
| Interest Income | $3.5B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $801M |
| Income Tax Expense | $167M |
| Net Income from Continuing Ops | $634M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $631M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $607M |
| D&A | $209M |
| EBIT | $801M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $714M |
| SG&A Expenses | $740M |
| Other Expenses | $410M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $801M |
| Interest Income | $3.5B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $801M |
| Income Tax Expense | $167M |
| Net Income from Continuing Ops | $634M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $631M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $607M |
| D&A | $209M |
| EBIT | $801M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $634M |
| Depreciation & Amortization | $209M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $167M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$2.4B |
| OPERATING CASH FLOW | -$1.4B |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $118M |
| Purchases of Investments | -$9.3B |
| Sales/Maturities of Investments | $11.6B |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | $2.4B |
| Net Debt Issuance | $3.3B |
| Common Stock Repurchased | -$87M |
| Common Dividends Paid | -$453M |
| Other Financing Activities | -$123M |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | -$1.5B |
| Net Change in Cash | $3.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20.3B |
| Short-Term Investments | $26.6B |
| Net Receivables | $16.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $63.8B |
| PP&E (Net) | $4.9B |
| Goodwill | $0 |
| Intangible Assets | $1.2B |
| Long-Term Investments | $277.6B |
| Tax Assets | $36M |
| Other Non-Current Assets | $13.0B |
| TOTAL NON-CURRENT ASSETS | $296.8B |
| TOTAL ASSETS | $360.5B |
| Account Payables | $13.2B |
| Short-Term Debt | $3.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $249.9B |
| TOTAL CURRENT LIABILITIES | $269.6B |
| Long-Term Debt | $54.0B |
| Deferred Revenue NC | $233M |
| Deferred Tax Liabilities | $371M |
| Other Non-Current Liabilities | $11.9B |
| TOTAL NON-CURRENT LIABILITIES | $66.9B |
| TOTAL LIABILITIES | $336.4B |
| Common Stock | $2.6B |
| Additional Paid-In Capital | $631M |
| Retained Earnings | $18.7B |
| Treasury Stock | -$125M |
| Accum. Other Comp. Income | $1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.1B |
| Minority Interest | $1.0B |
| TOTAL EQUITY | $24.1B |
| TOTAL LIABILITIES & EQUITY | $360.5B |
| Total Debt | $57.7B |
| Net Debt | $37.4B |
