APP - AppLovin Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$511.53
DETAILS
HIGH:
$790.00
LOW:
$325.00
MEDIAN:
$490.00
CONSENSUS:
$511.53
UPSIDE:
90.94%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||
| Revenue | 1,923.7 | 1,842.4 | 1,657.9 | 1,405.0 | 1,258.8 | 1,159.0 | 1,372.8 | 835.2 | 711.0 | 1,058.1 | 953.3 | 864.3 | 750.2 | 715.4 | 702.3 | 713.1 | 776.2 | 625.4 | 793.5 | 727.0 | 668.8 | 603.9 | 509.8 | 381.7 | 299.3 | 260.2 | 278.8 | 260.6 | 248.5 | 206.2 |
| Cost of Revenue | 225.8 | 203.6 | 183.5 | 174.9 | 155.1 | 151.7 | 320.5 | 120.9 | 121.8 | 294.1 | 273.6 | 265.0 | 258.6 | 262.0 | 369.4 | 301.0 | 303.9 | 281.8 | 265.1 | 254.1 | 245.9 | 223.1 | 198.0 | 163.1 | 118.1 | 76.5 | 75.7 | 69.1 | 58.1 | 46.1 |
| Gross Profit | 1,697.9 | 1,638.8 | 1,474.4 | 1,230.2 | 1,103.7 | 1,007.3 | 1,052.3 | 714.3 | 589.3 | 764.0 | 679.7 | 599.2 | 491.6 | 453.4 | 332.9 | 412.1 | 472.3 | 343.6 | 528.3 | 472.9 | 423.0 | 380.8 | 311.8 | 218.7 | 181.3 | 183.7 | 203.1 | 191.5 | 190.4 | 160.2 |
| Operating Expenses | ||||||||||||||||||||||||||||||
| R&D Expenses | 99.9 | 94.1 | 82.2 | 43.9 | 44.0 | 56.4 | 169.5 | 80.8 | 99.1 | 155.3 | 150.8 | 159.3 | 137.4 | 144.9 | 118.2 | 122.1 | 141.1 | 126.2 | 119.5 | 108.5 | 77.5 | 60.9 | 80.7 | 51.1 | 29.7 | 19.1 | 15.4 | 12.2 | 10.5 | 6.8 |
| SG&A Expenses | 103.7 | 104.8 | 117.0 | 107.3 | 102.0 | 110.9 | 274.9 | 99.2 | 105.7 | 269.1 | 259.3 | 253.6 | 222.8 | 247.5 | 237.2 | 240.8 | 277.8 | 345.4 | 350.3 | 319.3 | 310.5 | 308.5 | 236.0 | 168.3 | 150.5 | 139.5 | 142.8 | 131.9 | 118.5 | 112.7 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 74.7 | 7.9 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 203.6 | 198.9 | 199.2 | 151.2 | 146.0 | 167.3 | 444.3 | 180.0 | 204.8 | 424.4 | 410.1 | 412.9 | 360.3 | 392.4 | 355.4 | 362.8 | 418.9 | 471.6 | 469.8 | 427.9 | 388.0 | 369.4 | 316.8 | 294.1 | 188.0 | 158.6 | 158.2 | 144.1 | 129.0 | 119.5 |
| Operating Income | ||||||||||||||||||||||||||||||
| Operating Income | 1,494.3 | 1,439.9 | 1,275.2 | 1,079.0 | 957.7 | 840.0 | 608.0 | 534.3 | 384.4 | 339.6 | 269.5 | 186.3 | 131.3 | 61.0 | (22.4) | 49.3 | 53.4 | (128.0) | 58.5 | 45.0 | 35.0 | 11.5 | (5.0) | (75.5) | (6.8) | 25.1 | 44.9 | 47.4 | 61.4 | 40.7 |
| Interest Expense | 51.2 | 51.2 | 51.3 | 51.4 | 51.4 | 52.9 | 94.2 | 74.9 | 74.4 | 74.2 | 67.2 | 78.6 | 51.0 | 74.5 | 54.7 | 48.6 | 36.5 | 32.0 | 30.4 | 18.8 | 19.0 | 35.0 | 20.3 | 20.1 | 18.8 | 18.6 | 19.4 | 20.9 | 19.2 | 14.4 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.9 | 0 | 0 | 0 | 1.5 | 0 | 0 | 0 | 1.0 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||
| EBITDA | 1,589.2 | 1,516.2 | 1,337.4 | 1,107.5 | 982.5 | 927.4 | 737.2 | 642.3 | 500.8 | 454.8 | 369.6 | 309.6 | 266.7 | 199.4 | 90.1 | 214.1 | 206.6 | 3.0 | 174.6 | 155.3 | 140.6 | 110.1 | 91.6 | (0.8) | 47.8 | 58.4 | 75.3 | 73.5 | 81.3 | 52.6 |
| EBIT | 1,556.7 | 1,482.6 | 1,304.6 | 1,072.4 | 935.4 | 847.5 | 609.3 | 542.7 | 392.3 | 342.1 | 250.5 | 187.8 | 146.8 | 71.2 | (11.4) | 50.2 | 53.9 | (126.0) | 59.0 | 35.8 | 33.4 | 21.3 | (6.1) | (74.3) | (3.6) | 26.2 | 46.3 | 49.5 | 63.3 | 41.0 |
| Income Before Tax | 1,505.5 | 1,431.4 | 1,253.4 | 1,020.9 | 884.0 | 794.6 | 515.1 | 467.7 | 317.9 | 267.9 | 178.9 | 109.2 | 95.8 | (3.4) | (66.2) | 1.6 | 17.4 | (158.0) | 28.6 | 17.1 | 14.4 | (13.8) | (26.4) | (94.4) | (22.4) | 7.5 | 27.0 | 28.6 | 44.1 | 26.6 |
| Income Tax Expense | 239.0 | 225.8 | 151.1 | 185.4 | 112.1 | 71.1 | (84.1) | 34.7 | 16.9 | 31.8 | 6.7 | 0.6 | 15.4 | 1.2 | 13.3 | (22.1) | 39.2 | (42.7) | (2.8) | 16.9 | 0.0 | (3.2) | (7.4) | (4.5) | (0.7) | 2.9 | (12.1) | 5.6 | 8.6 | 5.1 |
| Net Income | 1,266.5 | 1,205.6 | 1,102.3 | 835.5 | 819.5 | 576.4 | 599.2 | 434.4 | 310.0 | 236.2 | 172.2 | 108.6 | 80.4 | (4.5) | (79.5) | 23.8 | (21.7) | (115.3) | 31.4 | 0.2 | 14.4 | (10.5) | (18.8) | (89.7) | (21.4) | 4.7 | 39.0 | 23.0 | 35.5 | 21.5 |
| Per Share Data | ||||||||||||||||||||||||||||||
| EPS (Basic) | 3.77 | 3.57 | 3.26 | 2.47 | 2.42 | 1.70 | 1.77 | 1.29 | 0.92 | 0.70 | 0.51 | 0.32 | 0.22 | -0.01 | -0.21 | 0.06 | -0.06 | -0.31 | 0.09 | 0.00 | 0.04 | -0.05 | -0.09 | -0.42 | -0.10 | 0.01 | 0.19 | 0.11 | 0.18 | 0.11 |
| EPS (Diluted) | 3.76 | 3.56 | 3.24 | 2.45 | 2.39 | 1.67 | 1.73 | 1.25 | 0.89 | 0.67 | 0.49 | 0.30 | 0.22 | -0.01 | -0.21 | 0.06 | -0.06 | -0.31 | 0.08 | 0.00 | 0.04 | -0.05 | -0.09 | -0.42 | -0.10 | 0.02 | 0.19 | 0.11 | 0.18 | 0.11 |
| Shares Outstanding | 336.6 | 337.4 | 338.2 | 338.5 | 338.6 | 339.8 | 339.2 | 336.9 | 335.7 | 335.8 | 337.1 | 341.4 | 357.0 | 373.2 | 370.5 | 369.4 | 373.9 | 372.0 | 324.8 | 368.4 | 335.6 | 222.4 | 220.8 | 213.5 | 213.4 | 210.9 | 200.9 | 200.9 | 200.9 | 200.9 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||
| Cash & Cash Equivalents | 3,053.3 | 2,758.7 | 2,487.1 | 1,666.9 | 1,192.6 | 551.0 | 741.4 | 567.6 | 460.4 | 436.3 | 502.2 | 332.5 | 876.2 | 1,245.9 | 1,080.5 | 943.5 | 951.6 | 1,413.3 | 1,520.5 | 1,049.6 | 1,183.7 | 761.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 2,171.0 | 1,958.0 | 1,819.4 | 1,604.0 | 1,581.7 | 1,577.8 | 1,414.2 | 1,187.4 | 1,074.3 | 1,035.4 | 953.8 | 849.1 | 669.8 | 637.6 | 702.8 | 665.5 | 690.9 | 684.5 | 514.5 | 412.9 | 383.1 | 340.9 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 168.0 | 130.9 | 124.3 | 216.7 | 218.4 | 238.5 | 156.5 | 120.4 | 125.5 | 136.2 | 160.2 | 119.2 | 150.3 | 164.9 | 155.8 | 1.4 | 1.8 | 2.2 | 1,050 | 0 | 0 | 0 |
| Total Current Assets | 5,392.3 | 4,847.6 | 4,430.8 | 3,487.6 | 2,992.7 | 2,367.3 | 2,312.2 | 1,875.4 | 1,660.3 | 1,607.9 | 1,616.2 | 1,300.8 | 1,696.3 | 2,048.4 | 1,939.1 | 1,824.2 | 1,817.3 | 2,298.1 | 3,235.1 | 1,626.4 | 1,716.8 | 1,184.8 |
| Non-Current Assets | ||||||||||||||||||||||
| Property, Plant & Equipment | 111.9 | 114.8 | 147.9 | 130.8 | 129.6 | 161.7 | 198.6 | 177.1 | 169.2 | 173.0 | 221.5 | 155.2 | 172.8 | 178.6 | 138.9 | 130.8 | 123.6 | 129.9 | 134.6 | 140.3 | 143.1 | 100.7 |
| Goodwill | 1,518.6 | 1,523.0 | 1,540.0 | 1,540.9 | 1,539.3 | 1,639.8 | 1,803.4 | 1,852.3 | 1,821.9 | 1,827.2 | 1,842.8 | 1,813.6 | 1,830.7 | 1,833.7 | 1,823.8 | 1,763.2 | 1,803.2 | 1,584.9 | 966.4 | 997.7 | 1,016.1 | 249.4 |
| Intangible Assets | 355.7 | 369.0 | 396.7 | 421.9 | 448.2 | 855.0 | 896.7 | 1,023.6 | 1,101.9 | 1,198.1 | 1,292.6 | 1,386.6 | 1,494.0 | 1,574.5 | 1,677.7 | 1,889.2 | 2,029.0 | 2,018.1 | 1,709.3 | 1,758.8 | 1,675.7 | 1,036.8 |
| Long-Term Investments | 290.0 | 288.7 | 287.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 600.7 | 564.6 | 456.6 | 761.9 | 849.7 | 682.9 | 658.4 | 514.1 | 516.1 | 456.3 | 386.0 | 349.1 | 288.4 | 280.7 | 268.4 | 198 | 157.8 | 136.2 | 118.2 | 44.6 | 47.9 | 49.7 |
| Total Non-Current Assets | 2,876.8 | 2,860.1 | 2,828.8 | 2,855.5 | 2,966.8 | 3,339.4 | 3,557.1 | 3,567.1 | 3,609.2 | 3,654.6 | 3,743.0 | 3,704.4 | 3,785.9 | 3,867.5 | 3,908.8 | 3,981.1 | 4,113.5 | 3,869.1 | 2,928.5 | 2,941.4 | 2,882.7 | 1,436.6 |
| Total Assets | 8,269.1 | 7,707.7 | 7,259.6 | 6,343.0 | 5,959.5 | 5,706.7 | 5,869.3 | 5,442.5 | 5,269.5 | 5,262.5 | 5,359.2 | 5,005.2 | 5,482.1 | 5,915.8 | 5,847.8 | 5,805.4 | 5,930.8 | 6,167.2 | 6,163.6 | 4,567.8 | 4,599.6 | 2,621.4 |
| Current Liabilities | ||||||||||||||||||||||
| Account Payables | 778.9 | 697.5 | 747.0 | 516.4 | 553.7 | 595.2 | 563.4 | 427.8 | 387.5 | 390.1 | 371.7 | 281.1 | 260.8 | 282.9 | 273.2 | 261.5 | 283.4 | 369.7 | 258.2 | 208.5 | 192.7 | 158.0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 200 | 0 | 35.6 | 35.6 | 35.6 | 215 | 215 | 33.3 | 33.3 | 33.3 | 33.3 | 33.3 | 29.6 | 25.8 | 18.3 | 18.3 | 18.3 |
| Deferred Revenue | 0 | 0 | 47.7 | 45.7 | 45.0 | 72.6 | 69.8 | 75.9 | 74.2 | 80.5 | 78.6 | 77.9 | 74.3 | 66.9 | 64.0 | 65.4 | 68.9 | 76.1 | 78.9 | 84.9 | 90.1 | 85.9 |
| Other Current Liabilities | 0 | 0 | 18.3 | 0 | 0 | 0 | 64.6 | 0 | 0 | 0 | 48.3 | 36.0 | 50.2 | 56.7 | 70.6 | 32.5 | 82.8 | 133.4 | 157.8 | 104.9 | 147.1 | 107.5 |
| Total Current Liabilities | 1,254.0 | 1,494.4 | 1,333.8 | 1,073.1 | 1,093.9 | 1,409.2 | 1,057.5 | 779.5 | 729.6 | 762.5 | 944.1 | 805.5 | 591.9 | 619.6 | 579.0 | 543.6 | 644.6 | 785.1 | 640.1 | 569.8 | 603.2 | 486.6 |
| Non-Current Liabilities | ||||||||||||||||||||||
| Long-Term Debt | 3,515.1 | 3,514.0 | 3,513.0 | 3,512.0 | 3,511.0 | 3,510.0 | 3,509.0 | 3,474.5 | 3,482.2 | 3,489.9 | 2,905.9 | 2,912.3 | 3,166.8 | 3,172.6 | 3,178.4 | 3,184.2 | 3,190.0 | 3,195.9 | 3,201.8 | 1,731.0 | 1,733.7 | 2,137.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 337.1 | 335.8 | 260.4 | 284.0 | 187.5 | 212.1 | 180.4 | 250.3 | 242.9 | 249.9 | 209.9 | 144.8 | 154.7 | 171.2 | 133.6 | 141.5 | 132.6 | 113.8 | 120.9 | 152.0 | 199.7 | 60.3 |
| Total Non-Current Liabilities | 3,852.2 | 3,849.8 | 3,791.2 | 3,796.0 | 3,698.5 | 3,722.1 | 3,722.0 | 3,724.7 | 3,725.0 | 3,739.8 | 3,158.7 | 3,104.0 | 3,372.8 | 3,397.7 | 3,366.2 | 3,379.9 | 3,379.0 | 3,369.6 | 3,385.2 | 1,948.8 | 1,998.8 | 2,264.5 |
| Total Liabilities | 5,106.1 | 5,344.2 | 5,124.9 | 4,869.1 | 4,792.4 | 5,131.3 | 4,779.4 | 4,504.3 | 4,454.6 | 4,502.3 | 4,102.9 | 3,909.4 | 3,964.7 | 4,017.3 | 3,945.2 | 3,923.5 | 4,023.5 | 4,154.7 | 4,025.3 | 2,518.5 | 2,601.9 | 2,751.1 |
| Stockholders' Equity | ||||||||||||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 2,661.8 | 1,926.9 | 1,735.1 | 1,048.6 | 723.4 | 174.0 | 599.2 | 0 | (266.8) | (576.8) | (813.0) | (985.2) | (1,093.9) | (1,174.2) | (1,169.7) | (1,090.2) | (1,114.0) | (1,092.2) | (977.0) | (1,008.3) | (1,008.5) | (1,022.9) |
| Accumulated Other Comprehensive Income | (73.8) | (67.8) | (47.0) | (2.7) | (5.1) | (73.2) | (103.1) | (54.4) | (90.6) | (83.9) | (65.3) | (93.7) | (76.5) | (73.4) | (83.4) | (140.1) | (128.4) | (59.0) | (45.5) | (27.6) | (9.3) | (0.1) |
| Total Stockholders' Equity | 3,163.0 | 2,363.5 | 2,134.7 | 1,473.9 | 1,167.1 | 575.4 | 1,089.8 | 938.2 | 814.8 | 760.2 | 1,256.3 | 1,095.8 | 1,517.4 | 1,898.6 | 1,902.7 | 1,881.9 | 1,907.2 | 2,012.3 | 2,138.1 | 2,049.1 | 1,997.4 | (130.0) |
| Total Liabilities & Equity | 8,269.1 | 7,707.7 | 7,259.6 | 6,343.0 | 5,959.5 | 5,706.7 | 5,869.3 | 5,442.5 | 5,269.5 | 5,262.5 | 5,359.2 | 5,005.2 | 5,482.1 | 5,915.8 | 5,847.8 | 5,805.4 | 5,930.8 | 6,167.2 | 6,163.6 | 4,567.8 | 4,599.6 | 2,621.4 |
| Debt Metrics | ||||||||||||||||||||||
| Total Debt | 3,515.1 | 3,514.0 | 3,544.7 | 3,512.0 | 3,511.0 | 3,710.0 | 3,556.4 | 3,510.0 | 3,517.7 | 3,525.5 | 3,177.4 | 3,188.0 | 3,265.5 | 3,273.9 | 3,280.2 | 3,285.3 | 3,292.9 | 3,301.3 | 3,330.5 | 1,836.3 | 1,841.9 | 2,244.3 |
| Net Debt | 461.8 | 755.4 | 1,057.6 | 1,845.1 | 2,318.3 | 3,158.9 | 2,815.0 | 2,942.4 | 3,057.3 | 3,089.1 | 2,675.3 | 2,855.5 | 2,389.2 | 2,028.0 | 2,199.7 | 2,341.8 | 2,341.3 | 1,888.0 | 1,810.0 | 786.7 | 658.1 | 1,483.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | 1,266.5 | 1,205.6 | 1,102.3 | 835.5 | 819.5 | 576.4 | 599.2 | 434.4 | 310.0 | 236.2 | 172.2 | 108.6 | 80.4 | (4.5) | (79.5) | 23.7 | (21.8) | (115.3) | 31.4 | 0.1 | 14.4 | (10.6) | (19.0) | (89.9) | (21.7) | 4.7 |
| Depreciation & Amortization | 32.6 | 33.7 | 32.7 | 35.1 | 47.1 | 79.9 | 127.8 | 99.6 | 108.5 | 112.7 | 119.1 | 121.8 | 119.9 | 128.2 | 101.6 | 163.8 | 152.7 | 129.0 | 115.7 | 119.4 | 107.2 | 88.8 | 97.7 | 73.5 | 51.4 | 32.3 |
| Stock-Based Compensation | 85.6 | 83.4 | 80.3 | 33.1 | 35.7 | 61.3 | 93.8 | 81.6 | 98.7 | 95.3 | 88.0 | 110.8 | 81.3 | 83.0 | 47.7 | 42.1 | 57.2 | 44.6 | 41.3 | 34.7 | 27.1 | 30.0 | 43.0 | 10.9 | 5.0 | 3.5 |
| Change in Working Capital | (490.0) | (14.8) | 107.9 | 110.4 | (57.4) | (82.9) | (153.4) | (71.8) | (64.5) | (59.9) | (74.9) | (151.6) | (55.0) | 72.9 | (40.5) | (62.8) | (89.6) | (99.5) | (119.5) | (33.6) | (70.4) | (60.8) | (30.5) | (34.5) | (4.7) | 2.7 |
| Other Non-Cash Items | (25.7) | (16.5) | (9.4) | 39.3 | (72.7) | 197.0 | 33.5 | 6.9 | 1.8 | 8.5 | 39.5 | 9.4 | 3.3 | 9.1 | 133.9 | 7.7 | 8.4 | 9.5 | 16.2 | 3.8 | 12.2 | 14.4 | 8.9 | 77.5 | 9.6 | 2.6 |
| Operating Cash Flow | 869.0 | 1,291.4 | 1,313.7 | 1,053.4 | 772.2 | 831.7 | 701.0 | 550.7 | 454.5 | 392.8 | 344.0 | 199.1 | 229.8 | 288.7 | 163.2 | 174.5 | 106.8 | (31.7) | 85.0 | 124.6 | 90.5 | 61.8 | 100.2 | 37.5 | 39.6 | 45.7 |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditure | 0 | 0 | (28.3) | 0 | 0 | 0 | (4.8) | (3.2) | 0 | 0 | 6.3 | (13.5) | (3.7) | (0.1) | (1.4) | (2.2) | (1.1) | (1.9) | (1.6) | (1.7) | (2.0) | (0.1) | (0.4) | (1.7) | (1.0) | (0.2) |
| Acquisitions | 0 | 0 | 0 | (424.7) | 424.7 | 0 | (25.6) | 0 | 0 | 0 | (12.1) | (13.5) | (36.2) | (2.2) | (4.1) | (41.3) | (248.5) | (1,045.8) | (7.7) | (181.8) | (1,012.9) | (4.2) | (115.6) | (35.9) | (468.7) | (54.5) |
| Purchases of Investments | 0 | 0 | 0 | (1.5) | 0 | (18.7) | 0 | (0.7) | (48) | (28.3) | (1) | (0.1) | 0 | (16.8) | (9.8) | 0 | (42.4) | (14.1) | 0 | (1) | 0 | (14) | (0.5) | (1.5) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (2.4) | (5.2) | 27.5 | 362.2 | 21.2 | (4.0) | 30.0 | (2.5) | (20.4) | (3.3) | 6.5 | (2.1) | (2.3) | 6.1 | 36.3 | (0.4) | (0.9) | 0.5 | (0.6) | 0.0 | 8.5 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (2.4) | (5.2) | (0.8) | (64.0) | 445.9 | (22.7) | (0.4) | (6.4) | (68.4) | (31.6) | (6.8) | (15.8) | (42.2) | (13.0) | 22.3 | (42.0) | (292.0) | (1,059.7) | (8.7) | (183.1) | (1,004.9) | (18.3) | (116.5) | (39.0) | (469.7) | (54.7) |
| Financing Activities | ||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | (20.5) | (200) | (200) | 200 | (16.8) | (8.9) | (8.9) | 403.4 | (11.6) | (78.6) | (8.3) | (8.3) | (14.3) | (14.1) | (10.7) | (10.8) | 1,470.4 | (9.6) | (408.4) | 541.6 | 143.8 | (6.8) | 225.2 | 45.1 |
| Stock Repurchased | (551.2) | (981.7) | (417.6) | (501.9) | (271.5) | (1,000.9) | (0.6) | (228.4) | 0 | (752.2) | 0 | (581.5) | (507.2) | (64.9) | 0 | (94.9) | (200.3) | (43.7) | 0 | 0 | 0 | 0 | 0 | 0 | (1.0) | (0.8) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (19.2) | (30.5) | (59.4) | 135.4 | (75.4) | (201.3) | (505.7) | (203.7) | (361.4) | (75.7) | (164.8) | (64.1) | (41.2) | (38.2) | (46.7) | (27.4) | (58.6) | (11.0) | (32.0) | (66.5) | 1.5 | (154.1) | (23.4) | (2.8) | 0.1 | (10.9) |
| Financing Cash Flow | (570.4) | (1,012.2) | (493.2) | (560.3) | (537.4) | (1,002.2) | (523.2) | (441.1) | (361) | (424.6) | (170.5) | (724.2) | (556.7) | (111.4) | (55.4) | (136.4) | (269.6) | (65.4) | 1,446.9 | (75.2) | 1,337.4 | 400.4 | 129.7 | (9.6) | 224.3 | 33.5 |
| Cash Position | ||||||||||||||||||||||||||
| Net Change in Cash | 294.6 | 271.6 | 820.2 | 474.3 | 641.6 | (190.4) | 173.8 | 107.1 | 24.1 | (65.8) | 169.7 | (543.7) | (369.7) | 165.4 | 137.0 | (8.1) | (461.7) | (1,157.2) | 1,520.9 | (134.1) | 422.7 | 443.8 | 113.4 | (11.1) | (205.8) | 24.5 |
| Cash at Beginning | 2,758.7 | 2,487.1 | 1,666.9 | 1,192.6 | 551.0 | 741.4 | 567.6 | 460.4 | 436.3 | 502.2 | 332.5 | 876.2 | 1,245.9 | 1,080.5 | 943.5 | 951.6 | 1,413.3 | 2,570.5 | 1,049.6 | 1,183.7 | 761.1 | 317.2 | 203.8 | 214.9 | 420.7 | 396.2 |
| Cash at End | 3,053.3 | 2,758.7 | 2,487.1 | 1,666.9 | 1,192.6 | 551.0 | 741.4 | 567.6 | 460.4 | 436.3 | 502.2 | 332.5 | 876.2 | 1,245.9 | 1,080.5 | 943.5 | 951.6 | 1,413.3 | 2,570.5 | 1,049.6 | 1,183.7 | 761.1 | 317.2 | 203.8 | 214.9 | 420.7 |
| Free Cash Flow | 869.0 | 1,291.4 | 1,285.4 | 1,053.4 | 772.2 | 831.7 | 696.2 | 547.5 | 454.5 | 392.8 | 350.3 | 185.6 | 226.0 | 288.7 | 161.8 | 172.3 | 105.7 | (33.7) | 83.4 | 122.9 | 88.4 | 61.7 | 99.8 | 35.8 | 38.6 | 45.5 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||
| Revenue | 1,923.7 | 1,842.4 | 1,657.9 | 1,405.0 | 1,258.8 | 1,159.0 | 1,372.8 | 835.2 | 711.0 | 1,058.1 | 953.3 | 864.3 | 750.2 | 715.4 | 702.3 | 713.1 | 776.2 | 625.4 | 793.5 | 727.0 | 668.8 | 603.9 | 509.8 | 381.7 | 299.3 | 260.2 | 278.8 | 260.6 | 248.5 | 206.2 |
| Gross Profit | 1,697.9 | 1,638.8 | 1,474.4 | 1,230.2 | 1,103.7 | 1,007.3 | 1,052.3 | 714.3 | 589.3 | 764.0 | 679.7 | 599.2 | 491.6 | 453.4 | 332.9 | 412.1 | 472.3 | 343.6 | 528.3 | 472.9 | 423.0 | 380.8 | 311.8 | 218.7 | 181.3 | 183.7 | 203.1 | 191.5 | 190.4 | 160.2 |
| Operating Income | 1,494.3 | 1,439.9 | 1,275.2 | 1,079.0 | 957.7 | 840.0 | 608.0 | 534.3 | 384.4 | 339.6 | 269.5 | 186.3 | 131.3 | 61.0 | (22.4) | 49.3 | 53.4 | (128.0) | 58.5 | 45.0 | 35.0 | 11.5 | (5.0) | (75.5) | (6.8) | 25.1 | 44.9 | 47.4 | 61.4 | 40.7 |
| Net Income | 1,266.5 | 1,205.6 | 1,102.3 | 835.5 | 819.5 | 576.4 | 599.2 | 434.4 | 310.0 | 236.2 | 172.2 | 108.6 | 80.4 | (4.5) | (79.5) | 23.8 | (21.7) | (115.3) | 31.4 | 0.2 | 14.4 | (10.5) | (18.8) | (89.7) | (21.4) | 4.7 | 39.0 | 23.0 | 35.5 | 21.5 |
| EPS (Diluted) | 3.76 | 3.56 | 3.24 | 2.45 | 2.39 | 1.67 | 1.73 | 1.25 | 0.89 | 0.67 | 0.49 | 0.30 | 0.22 | -0.01 | -0.21 | 0.06 | -0.06 | -0.31 | 0.08 | 0.00 | 0.04 | -0.05 | -0.09 | -0.42 | -0.10 | 0.02 | 0.19 | 0.11 | 0.18 | 0.11 |
| Balance Sheet | ||||||||||||||||||||||||||||||
| Cash & Equivalents | 3,053.3 | 2,758.7 | 2,487.1 | 1,666.9 | 1,192.6 | 551.0 | 741.4 | 567.6 | 460.4 | 436.3 | 502.2 | 332.5 | 876.2 | 1,245.9 | 1,080.5 | 943.5 | 951.6 | 1,413.3 | 1,520.5 | 1,049.6 | 1,183.7 | 761.1 | ||||||||
| Total Assets | 8,269.1 | 7,707.7 | 7,259.6 | 6,343.0 | 5,959.5 | 5,706.7 | 5,869.3 | 5,442.5 | 5,269.5 | 5,262.5 | 5,359.2 | 5,005.2 | 5,482.1 | 5,915.8 | 5,847.8 | 5,805.4 | 5,930.8 | 6,167.2 | 6,163.6 | 4,567.8 | 4,599.6 | 2,621.4 | ||||||||
| Total Debt | 3,515.1 | 3,514.0 | 3,544.7 | 3,512.0 | 3,511.0 | 3,710.0 | 3,556.4 | 3,510.0 | 3,517.7 | 3,525.5 | 3,177.4 | 3,188.0 | 3,265.5 | 3,273.9 | 3,280.2 | 3,285.3 | 3,292.9 | 3,301.3 | 3,330.5 | 1,836.3 | 1,841.9 | 2,244.3 | ||||||||
| Stockholders' Equity | 3,163.0 | 2,363.5 | 2,134.7 | 1,473.9 | 1,167.1 | 575.4 | 1,089.8 | 938.2 | 814.8 | 760.2 | 1,256.3 | 1,095.8 | 1,517.4 | 1,898.6 | 1,902.7 | 1,881.9 | 1,907.2 | 2,012.3 | 2,138.1 | 2,049.1 | 1,997.4 | (130.0) | ||||||||
| Cash Flow | ||||||||||||||||||||||||||||||
| Operating Cash Flow | 869.0 | 1,291.4 | 1,313.7 | 1,053.4 | 772.2 | 831.7 | 701.0 | 550.7 | 454.5 | 392.8 | 344.0 | 199.1 | 229.8 | 288.7 | 163.2 | 174.5 | 106.8 | (31.7) | 85.0 | 124.6 | 90.5 | 61.8 | 100.2 | 37.5 | 39.6 | 45.7 | ||||
| Capital Expenditure | 0 | 0 | (28.3) | 0 | 0 | 0 | (4.8) | (3.2) | 0 | 0 | 6.3 | (13.5) | (3.7) | (0.1) | (1.4) | (2.2) | (1.1) | (1.9) | (1.6) | (1.7) | (2.0) | (0.1) | (0.4) | (1.7) | (1.0) | (0.2) | ||||
| Free Cash Flow | 869.0 | 1,291.4 | 1,285.4 | 1,053.4 | 772.2 | 831.7 | 696.2 | 547.5 | 454.5 | 392.8 | 350.3 | 185.6 | 226.0 | 288.7 | 161.8 | 172.3 | 105.7 | (33.7) | 83.4 | 122.9 | 88.4 | 61.7 | 99.8 | 35.8 | 38.6 | 45.5 | ||||