| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30.2B | — | $31.6B | — | -4.6% |
| Op. Income | $6.4B | — | $6.2B | — | 4.5% |
| Gross Margin | 64.8% | — | 61.5% | — | 3.4pp |
| Net Margin | 18.2% | — | 15.5% | — | 2.7pp |
| EPS (Diluted) | $1.60 | — | $1.33 | — | 20.3% |
| Free Cash Flow | -$11.2B | — | $2.0B | — | -647.1% |
| Item | Amount |
|---|---|
| REVENUE | $30.2B |
| Cost of Revenue | $10.6B |
| GROSS PROFIT | $19.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $266M |
| General & Administrative | $8.9B |
| SG&A Expenses | $9.1B |
| Other Expenses | $4.0B |
| Operating Expenses | $13.1B |
| Cost & Expenses | $23.7B |
| OPERATING INCOME | $6.4B |
| Interest Income | $21.3B |
| Interest Expense | $9.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.4B |
| Income Tax Expense | $916M |
| Net Income from Continuing Ops | $5.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.2B |
| D&A | $1.9B |
| EBIT | $6.4B |
| EBITDA | $8.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $30.2B |
| Cost of Revenue | $10.6B |
| GROSS PROFIT | $19.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $266M |
| General & Administrative | $8.9B |
| SG&A Expenses | $9.1B |
| Other Expenses | $4.0B |
| Operating Expenses | $13.1B |
| Cost & Expenses | $23.7B |
| OPERATING INCOME | $6.4B |
| Interest Income | $21.3B |
| Interest Expense | $9.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.4B |
| Income Tax Expense | $916M |
| Net Income from Continuing Ops | $5.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.2B |
| D&A | $1.9B |
| EBIT | $6.4B |
| EBITDA | $8.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $5.5B |
| Depreciation & Amortization | $1.9B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$768M |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | -$19.3B |
| OPERATING CASH FLOW | -$11.2B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16.8B |
| Sales/Maturities of Investments | $15.2B |
| Other Investing Activities | $9.6B |
| NET CASH FROM INVESTING | $8.0B |
| Net Debt Issuance | $47.9B |
| Common Stock Repurchased | -$5.0B |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$21.2B |
| NET CASH FROM FINANCING | $20.1B |
| FREE CASH FLOW | -$11.2B |
| Net Change in Cash | $17.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194.6B |
| Short-Term Investments | $183.4B |
| Net Receivables | $56.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $434.1B |
| PP&E (Net) | $19.6B |
| Goodwill | $25.1B |
| Intangible Assets | $7.0B |
| Long-Term Investments | $1.2T |
| Tax Assets | $0 |
| Other Non-Current Assets | $290.8B |
| TOTAL NON-CURRENT ASSETS | $1.5T |
| TOTAL ASSETS | $2.0T |
| Account Payables | $0 |
| Short-Term Debt | $188.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3T |
| TOTAL CURRENT LIABILITIES | $1.5T |
| Long-Term Debt | $176.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $93.4B |
| TOTAL NON-CURRENT LIABILITIES | $269.6B |
| TOTAL LIABILITIES | $1.8T |
| Common Stock | $9.1B |
| Additional Paid-In Capital | $60.7B |
| Retained Earnings | $221.3B |
| Treasury Stock | -$117.2B |
| Accum. Other Comp. Income | -$9.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $181.1B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | $183.0B |
| TOTAL LIABILITIES & EQUITY | $2.0T |
| Total Debt | $364.2B |
| Net Debt | $169.7B |
