$19.03B
Revenue
$2.14B
Net Income
49.39%
Gross Margin
17.35%
Op. Margin
$4.24B
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $19.03B | $19.03B | $18.42B | $17.28B | $13.51B | $11.29B |
| Revenue Growth % | 0.0% | 3.3% | 6.6% | 27.9% | 19.6% | nan% |
| Cost of Revenue | $9.63B | $9.63B | $9.35B | $8.94B | $8.21B | $6.74B |
| Gross Profit | $9.40B | $9.40B | $9.07B | $8.34B | $5.31B | $4.56B |
| Gross Margin % | 49.4% | 49.4% | 49.2% | 48.2% | 39.3% | 40.3% |
| Selling General & Admin | $1.71B | $1.71B | $1.67B | $1.61B | $1.45B | $1.20B |
| Operating Income | $3.30B | $3.30B | $3.20B | $2.78B | $2.39B | $2.08B |
| Operating Margin % | 17.3% | 17.4% | 17.4% | 16.1% | 17.7% | 18.4% |
| Interest Expense | $500.00M | $500.00M | $487.00M | $508.20M | $395.60M | $314.60M |
| Interest Income | $8.00M | $8.00M | $9.00M | $6.50M | $3.30M | $2.50M |
| Other Income/Expense | $21.00M | $21.00M | $23.00M | $7.50M | $-2.30M | $-500.00K |
| Income Before Tax | $2.59B | $2.59B | $2.43B | $2.19B | $1.83B | $1.58B |
| Income Tax Expense | $455.00M | $455.00M | $388.00M | $460.10M | $343.90M | $282.80M |
| Net Income | $2.14B | $2.14B | $2.04B | $1.73B | $1.49B | $1.29B |
| Net Margin % | 11.2% | 11.2% | 11.1% | 10.0% | 11.0% | 11.4% |
| Basic EPS | 6.86 | 6.86 | 6.50 | 5.47 | 4.70 | 4.05 |
| Diluted EPS | 6.84 | 6.85 | 6.49 | 5.47 | 4.69 | 4.04 |
| Basic Shares Outstanding | - | 311.9M | 314.4M | 316.2M | 316.5M | 318.8M |
| Diluted Shares Outstanding | - | 312.2M | 314.8M | 316.7M | 317.1M | 319.4M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $76.00M | $74.00M | $140.00M | $143.40M | $29.00M |
| Accounts Receivable | $1.90B | $1.82B | $1.77B | $1.68B | $1.27B |
| Inventory | $106.00M | $98.00M | - | - | - |
| Other Current Assets | $550.00M | $511.00M | $472.60M | $536.50M | $410.40M |
| Total Current Assets | $2.52B | $2.41B | $2.38B | $2.36B | $1.71B |
| Goodwill | $16.71B | $15.98B | $15.83B | $14.45B | $12.83B |
| Intangible Assets | $655.00M | $546.00M | $496.20M | $347.20M | $259.50M |
| Other Non-current Assets | $1.57B | $1.38B | $1.18B | $1.03B | $787.60M |
| Total Assets | $34.37B | $32.40B | $31.41B | $29.05B | $24.95B |
| Accounts Payable | $1.37B | $1.34B | $1.41B | $1.22B | $910.00M |
| Deferred Revenue | $496.00M | $485.00M | $467.30M | $443.00M | $381.30M |
| Total Current Liabilities | $3.93B | $4.13B | $4.23B | $3.39B | $2.42B |
| Long-term Debt | $13.71B | $11.85B | $11.89B | $11.33B | $9.55B |
| Other Non-current Liabilities | $556.00M | $588.00M | $594.60M | $660.70M | $642.40M |
| Common Stock | $3.00M | $3.00M | $3.20M | $3.20M | $3.20M |
| Retained Earnings | $11.16B | $9.77B | $8.43B | $7.36B | $6.48B |
| Treasury Stock | - | - | - | - | $274.80M |
| Total Stockholders Equity | $11.97B | $11.40B | $10.54B | $9.69B | $8.98B |
| Total Liabilities & Equity | $34.37B | $32.40B | $31.41B | $29.05B | $24.95B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $2.63B | $2.14B | $2.04B | $1.73B | $1.49B | $1.29B |
| Depreciation & Amortization | $1.81B | $1.81B | $1.68B | $1.50B | $1.35B | $1.19B |
| Stock-based Compensation | - | - | $42.00M | $40.90M | $38.80M | $57.00M |
| Deferred Income Tax | $262.00M | $269.00M | $87.00M | $101.70M | $181.10M | $-15.50M |
| Change in Receivables | $156.00M | $87.00M | $76.00M | $71.30M | $198.80M | $135.40M |
| Change in Payables | $-69.00M | $-14.00M | $-27.00M | $82.80M | $106.40M | $113.80M |
| Operating Cash Flow | $7.46B | $4.30B | $3.94B | $3.62B | $3.19B | $2.79B |
| Capital Expenditure | $3.21B | $1.89B | $1.85B | $1.63B | $1.45B | $1.32B |
| Acquisitions | $3.23B | $1.43B | $753.00M | $2.07B | $3.04B | $1.22B |
| Investing Cash Flow | $-6.42B | $-3.31B | $-2.56B | $-3.67B | $-4.42B | $-2.47B |
| Stock Issued | - | - | - | - | $-13.60M | $-12.00M |
| Stock Repurchased | $984.00M | $870.00M | $482.00M | $261.80M | $203.50M | $252.20M |
| Dividends Paid | $1.28B | $738.00M | $687.00M | $638.10M | $592.90M | $552.60M |
| Financing Cash Flow | $-914.00M | $-938.00M | $-1.40B | $61.90M | $1.34B | $-329.20M |
| Net Change in Cash | $127.00M | $46.00M | $-25.00M | $13.20M | $108.70M | $-8.60M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $4.21B | - | $12.46B | - |
| Cost of Revenue | $2.46B | - | $7.23B | - |
| Selling General & Admin | $422.00M | - | $1.27B | - |
| Operating Income | $836.00M | - | $2.50B | - |
| Interest Expense | $143.00M | - | $428.00M | - |
| Interest Income | $2.00M | - | $6.00M | - |
| Other Income/Expense | $7.00M | - | $22.00M | - |
| Income Before Tax | $645.00M | - | $2.03B | - |
| Income Tax Expense | $95.00M | - | $435.00M | - |
| Net Income | $549.67M | $512.00M | $1.59B | - |
| Basic EPS | 1.76 | - | 5.10 | - |
| Diluted EPS | 1.76 | - | 5.10 | - |
| Basic Shares Outstanding | $311.73M | - | $312.59M | - |
| Diluted Shares Outstanding | $312.01M | - | $312.88M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $84.00M | $74.00M |
| Accounts Receivable | $1.90B | $1.82B |
| Other Current Assets | $500.00M | $511.00M |
| Total Current Assets | $2.48B | $2.41B |
| Goodwill | $16.70B | $15.98B |
| Intangible Assets | $599.00M | $546.00M |
| Other Non-current Assets | $1.59B | $1.38B |
| Total Assets | $33.79B | $32.40B |
| Accounts Payable | $1.25B | $1.34B |
| Deferred Revenue | $504.00M | $485.00M |
| Total Current Liabilities | $4.26B | $4.13B |
| Long-term Debt | $12.35B | $11.85B |
| Other Non-current Liabilities | $563.00M | $588.00M |
| Common Stock | $3.00M | $3.00M |
| Retained Earnings | $10.81B | $9.77B |
| Total Stockholders Equity | $11.87B | $11.40B |
| Total Liabilities & Equity | $33.79B | $32.40B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $549.67M | $512.00M | $1.59B | - |
| Depreciation & Amortization | $459.00M | - | $1.36B | - |
| Stock-based Compensation | - | - | $33.00M | - |
| Deferred Income Tax | - | - | $130.00M | - |
| Change in Receivables | - | - | $78.00M | - |
| Change in Payables | - | - | $23.00M | - |
| Operating Cash Flow | - | - | $3.31B | - |
| Capital Expenditure | - | - | $1.31B | - |
| Acquisitions | - | - | $1.26B | - |
| Investing Cash Flow | - | - | $-2.57B | - |
| Stock Repurchased | - | - | $599.00M | - |
| Dividends Paid | - | - | $544.00M | - |
| Financing Cash Flow | - | - | $-723.00M | - |
| Net Change in Cash | - | - | $22.00M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.