| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80.0B | — | $81.1B | — | -1.3% |
| Op. Income | $6.0B | — | $7.8B | — | -22.8% |
| Gross Margin | 18.9% | — | 21.3% | — | -2.4pp |
| Net Margin | 8.1% | — | 9.4% | — | -1.3pp |
| EPS (Diluted) | $1.53 | — | $1.72 | — | -11.0% |
| Free Cash Flow | $5.2B | — | $5.4B | — | -3.0% |
| Item | Amount |
|---|---|
| REVENUE | $80.0B |
| Cost of Revenue | $64.9B |
| GROSS PROFIT | $15.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $6.5B |
| Operating Expenses | $9.1B |
| Cost & Expenses | $74.0B |
| OPERATING INCOME | $6.0B |
| Interest Income | $0 |
| Interest Expense | -$80M |
| Other Income/Expenses | $2.0B |
| INCOME BEFORE TAX | $8.0B |
| Income Tax Expense | $1.4B |
| Net Income from Continuing Ops | $6.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.5B |
| D&A | $7.7B |
| EBIT | $8.1B |
| EBITDA | $15.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $80.0B |
| Cost of Revenue | $64.9B |
| GROSS PROFIT | $15.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $6.5B |
| Operating Expenses | $9.1B |
| Cost & Expenses | $74.0B |
| OPERATING INCOME | $6.0B |
| Interest Income | $0 |
| Interest Expense | -$80M |
| Other Income/Expenses | $2.0B |
| INCOME BEFORE TAX | $8.0B |
| Income Tax Expense | $1.4B |
| Net Income from Continuing Ops | $6.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.5B |
| D&A | $7.7B |
| EBIT | $8.1B |
| EBITDA | $15.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $6.5B |
| Depreciation & Amortization | $7.7B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $108M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | $12.7B |
| Capital Expenditure | -$7.5B |
| Acquisitions (Net) | $744M |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.5B |
| NET CASH FROM INVESTING | -$7.4B |
| Net Debt Issuance | $1.8B |
| Common Stock Repurchased | -$5.4B |
| Common Dividends Paid | -$4.4B |
| Other Financing Activities | -$479M |
| NET CASH FROM FINANCING | -$8.5B |
| FREE CASH FLOW | $5.2B |
| Net Change in Cash | -$3.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.7B |
| Short-Term Investments | $0 |
| Net Receivables | $44.6B |
| Inventory | $0 |
| Other Current Assets | $28.1B |
| TOTAL CURRENT ASSETS | $83.4B |
| PP&E (Net) | $299.4B |
| Goodwill | $0 |
| Intangible Assets | $20.9B |
| Long-Term Investments | $45.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $365.6B |
| TOTAL ASSETS | $449.0B |
| Account Payables | $60.9B |
| Short-Term Debt | $9.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $72.3B |
| Long-Term Debt | $61.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40.2B |
| Other Non-Current Liabilities | $8.8B |
| TOTAL NON-CURRENT LIABILITIES | $110.0B |
| TOTAL LIABILITIES | $182.4B |
| Common Stock | $46.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $482.5B |
| Treasury Stock | -$258.4B |
| Accum. Other Comp. Income | -$10.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $259.4B |
| Minority Interest | $7.2B |
| TOTAL EQUITY | $266.6B |
| TOTAL LIABILITIES & EQUITY | $449.0B |
| Total Debt | $70.3B |
| Net Debt | $59.6B |
