AXIS Capital Holdings Limited logo AXS - AXIS Capital Holdings Limited

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 15
HOLD 14
SELL 0
STRONG
SELL
0
| PRICE TARGET: $123.67 DETAILS
HIGH: $137.00
LOW: $110.00
MEDIAN: $123.00
CONSENSUS: $123.67
UPSIDE: 24.35%
Metric 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 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2
Revenue
Revenue 1,643.6 1,734.4 1,693.3 1,540.3 1,467.8 1,584.8 1,519.8 1,470.8 1,443.4 1,415.3 1,483.5 1,353.3 1,337.5 1,370.0 1,366.5 1,262.1 1,306.1 1,388.6 1,365.7 1,321.0 1,246.1 1,202.9 1,185.8 1,180.6 1,191.8 1,284.6 1,348.7 1,298.1 1,254.2 1,278.0 1,321.0 1,298.2 1,222.3 1,314.0 1,091.2 1,049.5 987.1 1,051.1 1,076.3 1,115.4 884.2 1,003.8 1,204.3 1,000.0 1,024.5 1,082.2 1,190.1 1,140.5 1,038.2 1,063.5 987.8 1,056.0 1,062.9 954.2 993.9 991.9 957.1 963.1 1,008.9 977.6 929.8 943.3 923.1 842.4 817.6 867.6 451.7 781.1 714.7 579.3 637.7 811.6 782.0 805.4 804.6 803.7 812.8 809.6 790.6 761.4 716.9 755.1 677.6 678.8 676.9 604.2 572.8 515.5 512.9 434.7 377.3
Cost of Revenue 867.3 859.4 1,127.1 1,077.7 1,050.5 1,108.2 1,106.8 1,031.1 982.9 1,406.2 1,047.3 989.5 951.0 1,073.8 1,182.4 1,027.2 981.1 968.4 1,143.1 885.5 933.6 1,049.0 1,110.2 904.8 1,146.7 1,119.2 1,110.9 914.8 924.4 1,286.7 1,043.3 938.6 890.6 1,074.8 1,430.1 809.7 796.7 727.9 722.1 821.4 679.6 703.9 743.1 763.4 683.9 712.0 738.0 757.7 716.2 726.7 675.2 812.6 583.9 819.1 601.4 624.0 679.1 740.8 653.7 712.9 1,155.2 507.4 545.9 527.5 584.9 448.3 424.5 481.6 490.0 357.8 795.9 469.5 456.2 381.1 428.2 454.5 490.9 421.1 469.6 473.8 448.4 444.9 1,099.7 408.3 435.6 379.1 524.8 323.3 299.6 262.8 242.0
Gross Profit 776.3 875.0 566.2 462.7 417.3 476.5 412.9 439.8 460.5 9.1 436.2 363.7 386.5 296.2 184.1 235.0 325.1 420.2 222.6 435.4 312.5 153.9 75.6 275.8 45.1 165.4 237.7 383.3 329.7 (8.7) 277.8 359.7 331.7 239.1 (338.9) 239.9 190.3 323.1 354.1 294.0 204.6 299.9 461.2 236.6 340.6 370.2 452.1 382.8 321.9 336.9 312.6 243.4 479.0 135.0 392.5 367.9 278.0 222.2 355.3 264.8 (225.4) 435.9 377.2 314.9 232.7 419.3 27.2 299.5 224.7 221.5 (158.2) 342.1 325.8 424.3 376.3 349.2 321.9 388.6 321.1 287.6 268.5 310.2 (422.1) 270.5 241.3 225.1 48.0 192.2 213.3 171.9 135.3
Operating Expenses
R&D Expenses 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 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 0 0 0
SG&A Expenses 462.4 212.1 171.6 161.1 159.2 189.2 165.2 148.4 163.4 169.8 179.3 168.5 166.8 187.5 158.2 165.6 169.0 184.5 158.0 162.5 158.4 143.3 138.8 140.7 157.1 138.8 155.5 165.4 175.1 137.4 154.9 165.2 169.8 145.7 124.6 147.8 161.3 163.2 142.9 146.7 149.9 140.4 144.7 148.5 163.2 165.2 152.9 151.1 152.7 144.2 140.7 149.0 141.5 141.4 134.6 161.3 123.7 110.0 114.5 118.1 116.5 140.6 103.4 106.1 99.8 104.6 92.0 86.9 86.6 87.3 86.7 83.0 78.8 92.8 79.8 68.6 62.6 86.9 68.5 57.7 55.4 57.5 44.2 56.8 54.3 55.3 47.1 42.4 41.9 26.1 31.2
Other Expenses 5.8 327.4 24.5 21.3 22.0 20.4 20.7 46.7 27.5 24.9 47.1 19.1 21.5 29.9 28.1 40.6 18.4 19.5 20.4 19.4 19.2 24.1 17.1 11.4 47.2 31.5 36.5 29.0 46.8 63.5 74.0 93.3 89.7 89.8 18.8 (2.3) 12.8 12.8 12.8 12.9 12.8 12.8 58.8 12.9 12.3 17.8 20.3 20.0 16.6 15.6 15.3 15.3 15.8 15.5 15.6 15.2 15.6 15.6 15.7 34.0 30.9 10.6 15.8 (11.5) 0.5 6.1 14.8 32.2 7.5 (14.5) 0.3 14.5 (12.3) 7.6 6.7 7.3 12.8 1.2 11.0 (10.6) (1.2) 9.9 10.1 35.0 31.5 (13.3) (3.0) 6.6 1.2 (12.9) (12.9)
Operating Expenses 468.2 539.4 196.2 182.4 181.2 209.6 185.9 195.2 190.9 194.8 226.4 187.6 188.3 217.3 186.3 206.2 187.4 204.0 178.4 181.9 177.6 167.4 155.9 152.0 204.2 170.4 192.0 194.4 221.9 201.0 228.9 258.5 259.5 235.6 143.4 145.5 174.1 175.9 155.7 159.7 162.7 153.2 203.5 161.4 175.5 182.9 173.3 171.1 169.3 159.8 156.0 164.3 157.3 156.9 150.2 176.5 139.3 125.6 130.2 152.1 147.4 151.2 119.2 94.5 100.3 110.8 106.8 119.1 94.1 72.9 87.0 97.4 66.4 100.4 86.5 75.9 75.4 88.1 79.4 47.1 54.2 67.4 54.3 91.8 85.8 42.0 44.1 49.0 43.0 13.2 18.4
Operating Income
Operating Income 308.1 335.6 370.0 280.3 236.1 267.0 227.0 244.6 269.6 (185.7) 209.8 176.1 198.2 78.9 (2.2) 28.8 137.7 216.2 44.2 253.5 134.9 (13.5) (80.3) 123.8 (159.1) (5.0) 45.8 188.9 107.8 (209.7) 48.9 101.1 72.2 3.6 (482.3) 94.3 16.3 147.2 198.4 134.4 41.8 146.7 257.7 75.2 165.1 187.3 278.9 211.8 152.6 177.1 156.7 79.1 321.7 (21.8) 242.3 191.4 138.7 96.6 225.0 112.7 (372.8) 284.7 257.9 220.4 132.4 308.5 (79.6) 180.4 130.6 148.6 (245.2) 244.7 259.4 323.9 289.8 273.3 246.5 300.5 241.6 240.5 214.3 242.8 (476.4) 178.6 155.5 183.1 3.9 143.1 170.3 158.7 116.9
Interest Expense 16.4 16.8 16.7 16.6 16.6 16.8 16.8 17.0 17.1 18.3 16.4 16.7 16.9 16.4 15.9 15.2 15.6 15.5 16.0 15.2 15.6 15.4 15.6 20.6 23.5 18.6 18.0 15.6 15.9 16.7 16.9 17.1 16.8 16.4 12.8 12.8 12.8 12.8 12.8 12.9 12.8 12.8 12.9 12.9 12.3 17.8 20.3 20.0 16.6 15.6 15.3 15.3 15.8 15.5 15.6 15.2 15.6 15.6 15.7 15.4 15.9 15.7 15.8 15.7 8.7 8.2 8.0 8.0 7.9 7.9 7.9 7.9 8.0 7.9 13.9 14.2 15.1 8.3 8.2 8.3 8.1 8.2 8.4 7.8 8.1 0 0.5 0.2 0.0 0 0
Interest Income 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 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 0 0 0
Profitability
EBITDA 310.5 416.1 400.6 310.3 266.5 296.9 258.2 275.3 301.0 (154.2) 257.4 209.1 230.1 111.1 35.1 59.3 169.0 251.8 75.8 285.0 165.6 21.0 (48.5) 159.3 (120.0) 31.8 79.3 222.2 147.4 (216.1) 76.1 129.6 100.2 82.2 (462.8) 113.2 35.5 167.2 217.4 153.2 60.0 159.6 286.5 91.8 184.0 212.3 306.0 226.8 185.1 199.2 177.2 99.5 343.7 (2.8) 261.3 210.4 157.3 116.9 246.8 130.9 (353.5) 304.4 277.7 240.1 143.2 319.7 (66.6) 191.8 141.7 159.6 (234.6) 252.3 273.3 343.2 316.4 290.5 263.5 303.4 256.3 258.8 232.4 267.8 (460.3) 192.6 170.7 192.8 8.9 139.7 183.9 171.8 119.4
EBIT 308.1 352.4 386.7 296.8 252.7 283.7 243.9 261.6 286.8 (167.3) 226.2 192.9 215.1 95.3 13.7 44.0 153.2 231.8 60.2 268.8 150.5 1.9 (64.8) 144.4 (135.6) 13.6 63.8 204.5 123.7 (193.0) 65.8 118.2 88.9 20.0 (469.5) 107.1 29.1 160.0 211.2 147.3 54.7 159.5 270.6 88.1 177.4 205.0 299.2 231.7 169.2 192.7 171.9 94.3 337.5 (6.3) 257.9 206.6 154.3 112.2 240.7 128.1 (357.0) 300.4 273.8 236.1 141.1 316.6 (71.6) 188.4 138.5 156.5 (237.3) 252.6 267.4 331.8 303.7 287.5 261.7 308.8 249.9 248.9 222.3 251.0 (468.0) 186.4 163.6 183.1 4.3 143.3 170.3 158.7 116.9
Income Before Tax 308.1 335.6 372.1 279.6 238.4 274.2 228.7 252.5 270.8 (184.3) 212.7 178.2 196.0 75.8 (9.7) 29.8 149.2 217.4 56.1 263.3 144.1 (3.5) (77.4) 130.9 (159.1) (5.0) 45.8 188.9 107.8 (209.7) 48.9 101.1 72.2 3.6 (482.3) 94.3 16.3 147.2 198.4 134.4 41.8 146.7 257.7 75.2 165.1 187.3 278.9 211.8 152.6 177.1 156.7 79.1 321.7 (21.8) 242.3 191.4 138.7 96.6 225.0 112.7 (372.8) 284.7 257.9 220.4 132.4 308.5 (79.6) 180.4 130.6 148.6 (245.2) 244.7 259.4 323.9 289.8 273.3 246.5 300.5 241.6 240.5 214.3 242.8 (476.4) 178.6 155.5 183.1 3.9 143.1 170.3 158.7 116.9
Income Tax Expense 55.8 46.0 70.3 56.2 44.3 (19.4) 47.9 40.5 (124.7) (41.8) 24.6 27.6 15.9 27.3 (0.4) (5.0) 0.0 12.6 1.2 27.9 20.8 (6.3) (12.1) 10.9 (4.9) (0.2) 8.1 14.5 (1.2) (25.9) (3.5) 1.0 (1.0) 31.0 (25.9) (3.3) (9.3) (1.4) 9.4 4.9 (6.5) 1.9 0.0 1.8 (0.7) 16.4 (4.1) 9.5 4.1 (4.5) 6.0 (4.7) 10.1 (12.0) 10.1 2.3 2.8 7.3 3.8 2.4 1.7 11.1 9.9 6.3 11.4 17.2 7.1 12.0 5.7 8.6 (5.1) 4.2 12.5 8.5 10.7 12.5 9.7 10.3 6.2 7.9 9.4 4.9 (8.3) 5.8 3.7 2.1 (2.4) 2.3 3.5 (1.8) (0.9)
Net Income 254.8 289.6 301.9 223.4 194.1 293.6 180.7 212.0 395.5 (142.6) 188.1 150.7 180.1 48.5 (9.4) 34.8 149.2 204.9 54.9 235.5 123.3 2.7 (65.4) 120.0 (177.8) (0.8) 38.4 177.0 108.8 (187.8) 54.1 103.5 73.2 (27.4) (457.1) 95.7 19.9 148.9 186.6 129.5 48.4 144.8 257.6 73.4 165.8 173.7 289.1 200.7 147.2 181.5 150.6 83.7 311.6 (9.8) 232.1 189.1 135.8 89.3 221.3 110.3 (374.5) 273.6 248.1 214.1 121.0 291.3 (86.7) 168.4 124.9 140.1 (240.1) 240.5 246.9 315.3 279.1 260.8 236.8 290.2 235.4 232.6 204.8 237.9 (468.1) 172.8 151.8 181.1 6.3 140.9 166.8 160.5 117.8
Per Share Data
EPS (Basic) 3.34 3.73 3.79 2.75 2.30 3.43 2.06 2.42 4.57 -1.76 2.12 1.68 2.03 0.48 -0.02 0.32 1.67 2.33 0.56 2.69 1.37 0.03 -0.78 1.33 -2.11 -0.01 0.46 1.98 1.17 -2.25 0.52 1.11 0.75 -0.33 -5.49 1.01 0.23 1.50 1.97 1.30 0.41 1.54 2.52 0.63 1.56 1.63 2.71 1.81 1.26 1.55 1.23 0.63 2.59 -0.08 1.84 1.36 0.97 0.71 1.68 0.81 -3.30 2.41 1.99 1.68 0.87 2.27 -0.63 1.15 0.84 1.02 -1.72 1.62 1.66 2.20 1.84 1.69 1.51 1.93 1.51 1.49 1.31 1.59 -3.32 1.23 1.04 1.23 0.04 0.92 1.09 1.05 0.86
EPS (Diluted) 3.29 3.67 3.74 2.72 2.26 3.38 2.04 2.40 4.53 -1.76 2.10 1.67 2.01 0.48 -0.02 0.32 1.65 2.31 0.56 2.67 1.36 0.03 -0.78 1.33 -2.11 -0.01 0.45 1.97 1.16 -2.25 0.52 1.11 0.75 -0.33 -5.49 1.01 0.23 1.48 1.96 1.29 0.41 1.53 2.50 0.63 1.54 1.60 2.68 1.79 1.24 1.52 1.21 0.62 2.55 -0.08 1.82 1.35 0.96 0.70 1.66 0.79 -3.30 2.41 1.78 1.51 0.79 2.05 -0.63 1.06 0.78 0.94 -1.72 1.47 1.48 1.97 1.65 1.51 1.37 1.75 1.37 1.37 1.19 1.45 -3.32 1.13 0.95 1.13 0.04 0.84 1.00 0.96 0.81
Shares Outstanding 74.1 75.7 78.4 78.4 81.2 84.2 83.9 84.5 84.9 85.3 85.2 85.2 84.9 84.7 84.7 85.2 85.0 84.8 84.8 84.8 84.5 84.3 83.8 84.3 84.1 83.5 83.9 83.9 83.7 83.5 83.6 83.5 83.3 83.2 83.3 84.1 86.0 87.6 89.6 91.9 94.0 94.0 98.2 100.3 99.9 100.5 102.9 105.1 109.1 110.8 111.7 115.2 117.0 117.9 121.1 123.8 125.8 125.8 126.0 124.1 113.4 113.4 120.1 121.8 128.2 128.2 137.9 137.8 137.3 137.3 139.3 142.3 143.2 143.2 146.8 149.0 150.4 150.4 149.9 149.8 149.3 149.3 141.0 140.6 146.6 146.6 152.5 152.5 152.5 152.5 136.5
Metric 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 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1
Current Assets
Cash & Cash Equivalents 862.4 820.3 825.9 852.1 2,757.2 2,143.5 981.0 1,092.6 1,144.0 953.5 889.6 1,173.9 816.9 751.4 1,210.3 844.9 987.1 844.6 947.5 999.9 895.9 902.8 1,000.8 1,086.8 756.0 1,241.1 763.8 712.5 1,151.2 1,830.0 1,752.4 1,526.7 1,227.7 1,363.8 1,631.1 1,015.3 1,451.6 1,241.5 848.2 792.9 952.3 1,197.5 1,510.0 788.6 1,380.9 1,309.9 1,830.9 721.2 802.1 605.2 927.1 0
Short-Term Investments 4,939.6 4,899.6 4,880.5 4,829.4 91.3 4,776.4 5,143.4 4,541.4 4,367.2 4,351.7 4,480.6 4,347.3 4,356.1 4,193.9 10,864.6 11,370.4 11,526.4 4,668.1 12,449.2 12,011.2 11,914.3 5,106.4 12,679.2 12,080.8 12,153.3 5,122.9 12,628.8 12,555.4 11,916.4 11,579.4 11,923.8 12,325.5 12,293.4 13,341.2 11,761.4 12,172.9 11,858.3 12,163.3 12,251.1 12,230.7 12,504.9 679.0 682.9 699.4 704.7 720.0 612.4 34.4 0 0 0 0
Net Receivables 13,474.9 12,999.2 13,497.4 13,889.2 11,349.0 10,331.8 10,821.9 10,892.1 10,605.9 10,081.3 9,950.6 9,932.8 9,640.6 9,214.8 8,555.5 8,777.6 8,853.5 8,351.4 8,539.6 8,554.3 8,422.5 7,736.4 7,930.4 8,155.5 8,054.5 7,390.7 7,371.3 7,770.3 7,634.5 6,902.2 6,980.6 7,195.1 7,115.6 6,444.1 5,406.3 5,326.5 5,072.2 4,737.5 5,105.1 5,231.7 4,879.6 94.7 84.4 102.3 87.4 80.7 2,806.5 1,277.3 1,240.7 818.3 730.8 14.6
Inventory 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 0 0 0 0 0 0 0 0
Other Current Assets 525.7 500.9 532.2 557.1 4,690.5 920.1 490.3 0 (18,177.8) (17,302.6) (17,294.1) (17,221.5) (16,446.2) (15,710.5) (22,228.0) (22,649.5) (22,922.3) (15,241.4) (23,397.1) (23,044.7) (22,612.1) (14,940.0) (22,889.1) (22,675.2) (22,245.6) (14,856.6) (22,006.9) (22,330.1) (21,973.4) (20,727.9) (21,072.0) (21,350.0) (21,651.9) (20,907.7) (19,252.5) (18,961.8) (18,741.5) (18,496.7) (18,786.9) (18,753.6) (18,598.2) (2,138.0) (2,438.0) (1,892.2) (2,353.1) (2,377.4) (5,495.8) (2,273.2) (2,256.8) (1,588.5) (1,803.6) (14.6)
Total Current Assets 22,254.8 21,359.4 21,900.3 22,351.0 21,063.5 20,108.8 19,457.5 18,639.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18,445.6 18,743.0 18,373.4 17,395.7 18,152.8 18,596.6 18,897.0 18,745.3 17,379.4 17,224.5 17,146.8 16,812.5 17,085.6 17,215.7 17,099.9 17,650.9 16,238.0 15,215.0 15,283.8 14,682.0 14,649.9 7,296.3 6,722.8 5,147.7 942.3 14.6
Non-Current Assets
Property, Plant & Equipment 94.7 93.9 92.7 89.4 92.3 92.5 97.9 101.1 104.2 108.1 104.2 108.5 88.2 92.2 96.6 94.5 98.8 103.3 107.8 112.4 116.7 123.6 131.8 136.8 140.1 111.1 116.6 132.9 143.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Goodwill 66.5 66.5 66.5 66.5 66.5 66.5 100.8 100.8 100.8 100.8 100.8 100.8 100.8 100.8 100.8 100.8 100.8 100.8 100.8 100.8 100.8 100.8 102.0 102.0 102.0 102.0 102.0 102.0 102.0 102.0 102.0 102.0 102.0 102.0 (562.8) (591.4) (609.8) 47.1 (545.6) (624.6) (646.9) 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,097.5 967.8 809.9 825.8 173.2 861.8 752.7 181.4 184.2 186.9 189.6 192.3 195.1 197.8 200.5 203.3 206.0 208.7 211.6 214.3 216.9 223.5 222.4 225.1 227.8 239.5 233.3 236.0 238.8 241.6 247.9 250.5 253.8 258.0 650.0 677.6 694.4 37.9 631.1 710.6 733.4 90.5 91.2 91.5 95.1 95.4 62.0 23.9 24.2 24.6 27.6 28.0
Long-Term Investments 11,193.0 11,087.1 10,925.8 10,241.4 13,135 10,513.5 11,807.3 14,064.0 13,803.0 13,701.4 13,270.8 13,072.9 13,134.7 12,729.1 12,176.2 12,692.8 12,741.7 13,592.2 13,630.0 13,135.9 12,990.0 12,836.4 13,201.4 12,561.0 12,652.5 13,098.7 13,172.4 13,101.7 12,445.6 12,069.1 12,469.3 12,435.9 12,402.0 13,449.8 11,870.0 12,282.2 11,969.5 12,279.3 12,362.4 12,344.4 12,504.9 10,944.5 10,534.0 10,622.1 9,674.5 9,036.7 7,566.0 (721.6) 0 3,385.6 0 0
Other Non-Current Assets 912.3 887.3 541.1 576.9 (1,281.4) 1,038.2 506.4 (1,007.9) (14,192.1) (14,097.2) (13,665.5) (13,474.5) (13,518.8) (13,119.9) (12,574.1) (13,091.4) (13,147.3) (14,005.1) (14,050.2) (13,563.4) (13,424.4) (13,284.2) (13,657.5) (13,024.9) (13,122.4) (13,551.3) (6,574.3) (6,445.5) (5,746.0) (5,675.8) (6,129.0) (6,366.6) (6,567.5) (7,794.8) (7,518.4) (8,093.2) (7,954.0) (8,363.2) (8,311.1) (8,396.6) (8,713.1) (12,127.6) (10,534.0) (10,622.1) (9,674.5) (9,036.7) (7,566.0) 721.6 0 (3,385.6) 0 (28.0)
Total Non-Current Assets 13,363.9 13,102.6 12,436.0 11,800.0 12,185.7 12,572.5 13,265.1 13,439.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7,050.0 7,127.2 7,184.2 6,736.9 6,690.2 6,421.9 6,190.3 6,014.9 4,438.8 4,275.2 4,100.1 4,001.2 4,136.8 4,033.8 3,878.3 (1,092.6) 91.2 91.5 95.1 95.4 62.0 23.9 24.2 24.6 27.6 28.0
Total Assets 35,618.7 34,461.9 34,336.3 34,151.0 33,249.2 32,681.3 32,722.6 32,078.9 31,758.7 30,250.7 29,472.5 29,315.7 28,565.0 27,683.0 27,119.8 27,619.4 27,808.6 27,369.0 27,935.1 27,581.7 27,085.8 25,877.7 26,453.0 26,359.2 25,948.8 25,604.1 25,495.5 25,870.2 25,557.6 24,132.6 24,843.0 25,018.5 25,087.3 24,760.2 21,818.2 21,499.6 21,247.0 20,813.7 21,222.4 21,249.4 20,978.2 16,558.3 16,329.2 15,306.5 15,378.9 14,777.4 14,711.9 7,320.2 6,747.0 5,172.3 4,386.2 3,813.5
Current Liabilities
Account Payables 2,180.1 1,882.0 1,855.3 1,932.3 1,883.7 1,713.8 1,828.3 2,005.1 1,909.3 1,792.7 1,900.2 1,783.6 1,574.6 1,609.9 1,569.9 1,624.2 1,522.3 1,324.6 1,442.7 1,409.8 1,231.4 1,092.0 1,244.8 1,365.8 1,263.4 1,349.1 1,276.1 1,484.3 1,440.9 1,339.0 1,301.6 1,282.6 1,251.6 899.1 670.3 677.2 514.4 493.2 461.5 416.0 344.2 199.5 144.7 173.2 178.4 154.8 0 0 0 0 0 0
Short-Term Debt 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 0 0 0 0 0 0 0 0
Deferred Revenue 6,563.8 5,825.7 5,994.6 6,154.8 0 5,211.9 5,452.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1,342.0) (1,377.6) (1,377.2) (1,376.8) (1,376.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 5,797.2 0 0 0 5,433.9 0 0 (2,402.9) (1,818.8) (1,988.2) (1,865.4) (1,653.3) (1,629.6) (1,648.9) (1,811.1) (1,649.5) (1,356.2) (1,681.8) (1,615.7) (1,621.3) (1,196.8) (1,703.0) (1,716.1) (1,387.1) (1,382.1) (1,365.9) (1,665.6) (1,600.5) (1,339.0) (1,521.8) (1,468.8) (1,395.9) (899.1) (792.4) (773.1) (598.1) (555.7) (602.8) (560.1) (479.8) (199.5) (144.7) (173.2) (178.4) (154.8) (1,163.5) (1,088.4) (858.9) 2,136.2 (603.2) 0
Total Current Liabilities 8,812.9 13,541.9 8,044.9 8,166.8 1,883.7 12,629.3 7,408.8 2,005.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18,521.5 18,915.9 18,915.1 17,760.5 18,193 18,388 18,446 18,042 15,369 14,613 14,024 13,548 14,204 14,293 14,036 10,069 9,959 9,307 9,971 9,786 9,269 0 0 2,355 0 0
Non-Current Liabilities
Long-Term Debt 1,383.5 0 0 0 1,381.9 0 1,390.4 1,400.2 1,399.9 1,399.5 1,399.1 1,398.8 1,398.4 1,393.7 1,393.2 1,311.6 1,311.3 1,311.0 1,310.7 1,310.3 1,310.0 1,309.7 1,309.4 1,309.1 1,808.6 1,808.2 1,388.1 1,387.7 1,342.3 1,342.0 1,377.6 1,377.2 1,376.8 1,376.5 993.8 993.5 993.2 993.0 992.6 992.4 992.1 993.8 996.9 499.5 656.0 550.8 499.2 0 0 0 0 0
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 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
Other Non-Current Liabilities 18,931.5 14,453.5 19,815.4 19,703.3 23,973.4 13,856.0 17,725.1 22,897.8 (1,519.0) (1,522.6) (1,515.7) (1,520.7) (1,497.6) (1,496.3) (1,496.5) (1,416.8) (1,424.6) (1,430.5) (1,434.5) (1,440.5) (1,444.0) (1,450.0) (1,449.4) (1,450.7) (1,951.7) (1,923.7) 18,405.6 18,782.7 18,770.8 16,418.6 18,193.2 18,388.3 18,446.1 16,665.9 15,369.7 14,613.4 14,023.4 13,548.4 14,204.1 (992.4) (992.1) (993.8) (996.9) (499.5) (656.0) (550.8) (499.2) 0 0 0 0 0
Total Non-Current Liabilities 20,425.2 14,563.6 19,924.4 19,809.8 25,462.6 13,962.6 19,230.6 24,414.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,388.1 1,387.7 1,342.3 1,342.0 1,378 1,377 1,377 1,377 994 994 993 993 993 992 992 994 994 499 499 499 499 0 0 0 0 0
Total Liabilities 29,238.1 28,105.5 27,969.3 27,976.6 27,346.4 26,591.9 26,639.4 26,419.4 26,253.5 24,987.5 24,439.3 24,294.7 23,604.7 23,043.1 22,776.3 22,916.8 22,688.0 21,958.3 22,600.1 22,192.0 21,909.4 20,582.0 21,187.1 21,061.4 21,109.2 20,060.0 19,909.7 20,303.7 20,257.4 19,102.5 19,570.8 19,765.5 19,822.9 19,418.9 16,363.5 15,606.9 15,016.6 14,541.3 15,196.7 15,285.3 15,027.9 11,063.0 10,953.2 9,806.3 10,469.8 10,284.5 9,768.3 4,277.7 3,740.4 2,355.1 2,173.7 1,735.5
Stockholders' Equity
Common Stock 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 1.9 1.9 1.9 1.9 1.9 1.8 1.9 1.9 1.9 1.7 1.7
Retained Earnings 8,395.8 8,181.7 7,933.0 7,673.2 7,492.5 7,341.6 7,092.8 6,957.2 6,790.6 6,440.5 6,628.2 6,485.9 6,381.2 6,247.0 6,244.3 6,298.7 6,308.7 6,204.7 6,044.8 6,034.2 5,842.9 5,763.6 5,804.6 5,913.0 5,836.0 6,056.7 6,101.9 6,108.6 5,976.6 5,912.8 6,145.5 6,135.6 6,076.3 5,979.7 6,051.7 6,551.8 6,499.3 6,527.6 6,430.6 6,285.8 6,198.9 3,824.1 3,649.8 3,569.4 3,447.5 3,282.4 2,690.7 1,062.1 945.3 789.3 492.7 374.9
Accumulated Other Comprehensive Income (97.1) 28.4 10.2 (21.7) (152.4) (267.6) (76.7) (395.0) (411.8) (365.8) (775.4) (630.5) (571.9) (760.3) (1,042.7) (724.1) (338.3) 56.5 150.1 226.3 214.9 414.4 350.1 281.6 (89.9) 171.7 176.3 156.1 29.1 (177.1) (162.3) (163.2) (85.2) 92.4 141.6 84.3 0.7 (121.8) 98.5 63.1 17.6 221.9 165.5 86 (528.3) (767.2) (28.4) (31.2) 53.9 25.2 37.7 0
Total Stockholders' Equity 6,380.6 6,356.4 6,367.0 6,174.4 5,902.8 6,089.4 6,083.2 5,659.5 5,505.2 5,263.2 5,033.2 5,021.0 4,960.2 4,639.9 4,343.4 4,702.6 5,120.5 5,410.7 5,335.1 5,389.8 5,176.4 5,295.7 5,265.9 5,297.8 4,839.6 5,544.0 5,585.9 5,566.5 5,300.2 5,030.1 5,272.3 5,253.0 5,264.4 5,341.3 5,454.7 5,892.7 6,230.4 6,272.4 6,025.7 5,964.2 5,950.3 5,495.3 5,376.0 5,500.2 4,909.1 4,492.8 4,943.6 3,042.5 3,006.6 2,817.1 2,212.6 2,077.9
Total Liabilities & Equity 35,618.7 34,461.9 34,336.3 34,151.0 33,249.2 32,681.3 32,722.6 32,078.9 31,758.7 30,250.7 29,472.5 29,315.7 28,565.0 27,683.0 27,119.8 27,619.4 27,808.6 27,369.0 27,935.1 27,581.7 27,085.8 25,877.7 26,453.0 26,359.2 25,948.8 25,604.1 25,495.5 25,870.2 25,557.6 24,132.6 24,843.0 25,018.5 25,087.3 24,760.2 21,818.2 21,499.6 21,247.0 20,813.7 21,222.4 21,249.4 20,978.2 16,558.3 16,329.2 15,306.5 15,378.9 14,777.4 14,711.9 7,320.2 6,747.0 5,172.3 4,386.2 3,813.5
Debt Metrics
Total Debt 1,493.7 110.1 109.0 106.5 1,489.2 106.6 1,505.6 1,516.5 1,519.0 1,522.6 1,515.7 1,520.7 1,497.6 1,496.3 1,496.5 1,416.8 1,424.6 1,430.5 1,434.5 1,440.5 1,444.0 1,450.0 1,449.4 1,450.7 1,951.7 1,923.7 1,504.0 1,521.0 1,486.6 1,342.0 1,377.6 1,377.2 1,376.8 1,376.5 993.8 993.5 993.2 993.0 992.6 992.4 992.1 1,073.5 996.9 499.5 656.0 550.8 499.2 0 0 0 0 0
Net Debt 631.3 (710.2) (716.9) (745.5) (1,268.0) (2,036.9) 524.6 423.9 375.0 569.1 626.1 346.8 680.7 744.9 286.2 571.9 437.5 585.9 487.0 440.6 548.1 547.1 448.7 363.9 1,195.8 682.6 740.2 808.5 335.5 (488.1) (374.8) (149.5) 149.1 12.7 (637.3) (21.8) (458.3) (248.6) 144.4 199.4 39.8 (124.0) (513.2) (289.1) (724.9) (759.2) (1,331.6) (721.2) (802.1) (605.2) (927.1) 0
Metric 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 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1
Operating Activities
Net Income 254.8 251.5 301.9 223.4 194.1 293.6 180.7 212.0 395.5 (142.6) 188.1 150.7 180.1 48.5 (9.4) 34.8 149.2 204.9 54.9 235.5 123.3 2.7 (65.4) 120.0 (177.8) (0.8) 38.4 177.0 108.8 (187.8) 54.1 103.5 73.2 (27.4) (457.1) 95.7 19.9 148.9 186.6 129.5 48.4 (468.1) 172.8 151.8 140.9 166.8 160.5 147.0 117.8 107.1
Depreciation & Amortization (9.7) 63.7 13.9 13.5 13.8 13.1 14.3 13.6 14.3 2.7 31.2 16.2 15.0 15.8 21.4 15.3 15.7 20.0 15.6 16.2 15.1 19.1 16.3 14.9 15.6 18.3 15.5 17.7 23.7 (23.1) 10.3 (45.7) 68.4 62.2 6.6 6.2 6.5 7.2 6.1 6.0 5.3 16.6 14.1 14.1 14.1 13.6 13.1 9.1 11.0 14.5
Stock-Based Compensation 17.9 6.2 11.0 11.3 11.8 9.3 10.2 9.6 13.7 14.2 15.3 15.7 8.9 12.4 14.4 14.1 7.7 11.9 11.9 12.2 1.7 11.4 10.5 11.8 (4.7) 11.3 12.1 12.8 (3.7) 8.2 14.4 13.2 (1.5) 11.2 12.4 13.9 (24.8) 23.6 12.0 18.0 (1.4) 0 0 6.1 0 4.6 8.2 0 0 0
Change in Working Capital 233.8 357.3 403.3 (1,833.7) 94.7 (46.6) 443.7 261.0 (33.7) 478.9 69.5 189.7 (1.1) (324.4) 210.2 148.8 (107.5) (61.6) 445.2 238.2 76.7 76.0 354.4 21.8 20.4 (14.7) 209.2 (120.9) (184.0) (17.9) 49.8 (171.1) (233.9) (50.5) 620.0 91.8 (87.1) (56.9) 21.9 (58.9) (179.4) 735.9 249.8 630.2 219.8 483.4 (671.2) 533.9 77.3 349.2
Other Non-Cash Items 22.6 (88.8) (56.3) (68.6) (5.3) 86.1 (61.9) (18.6) (5.6) (27.4) 19.5 24.5 19.5 22.9 166.6 167.4 68.2 (70.6) (52.4) (112.4) 1.0 (114.4) (73.1) (12.8) 96.7 (56.7) 4.4 7.2 13.1 22.8 39.0 145.5 5.9 (48.3) (18.7) (22.4) 49.3 18.6 (23.8) (17.7) 112.8 3.4 (21.1) (350.8) 44.2 (306.9) 847.8 (315.5) 139.9 (206.4)
Operating Cash Flow 519.4 630.4 673.8 (1,654.2) 309.1 355.5 587.0 518.1 384.1 306.3 348.2 396.8 222.4 (224.8) 403.2 380.5 133.3 104.7 475.2 389.8 145.1 (5.3) 242.8 155.7 (49.7) (42.5) 258.1 41.1 (57.7) (120.4) 173.6 45.4 (87.9) (52.9) 163.2 185.2 (36.3) 141.4 202.8 76.8 (14.2) 287.9 415.6 445.3 419.0 365.5 358.8 374.5 345.9 264.4
Investing Activities
Capital Expenditure 0 0 0 0 0 0.3 0 (0.7) (8.2) (14.9) (8.6) 0 0 0 0 (6.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35.5 (10.4) (10.0) 10.2 (17.1) 0 0 0 0 0 0 0 0 0 0 0 0
Acquisitions 0 (20.5) (2.0) (2.4) 0 18.6 (2.4) (3.2) (6.8) (10.9) 8.6 0 0 0 0 6.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (393.9) 5.8 (78.9) (1) (4.4) 0 (103.5) 0 0 0 0 0 0 0 0 0 (34.7)
Purchases of Investments 0 (7,950.3) (2,259.8) (1,990.3) 0 (3,425.2) (2,894.8) (2,160.6) (2,680.9) (1,256.9) (2,095.4) (1,680.1) (1,792.8) (2,079.4) (1,681.4) (1,960.9) (2,429.4) (2,126.1) (2,810.1) (3,023.5) (4,930.9) (2,260.7) (3,345.5) (2,629.2) (2,908.4) (2,405.0) (2,760.3) (2,680.5) (2,603.7) (1,892.0) (1,874.7) (2,649.9) (2,606.4) (2,500.2) (1,532.4) (2,148.2) (2,835.1) (2,681.0) (2,075.7) (2,312.4) (2,791.2) (1,816.2) (1,982.9) (1,296.4) (1,861.8) (1,529.9) (4,127.3) (4,580.9) (2,717.0) (1,913.0)
Sales/Maturities of Investments 0.5 5,754.9 1,715.5 1,817.8 3,754.3 4,581.7 2,224.4 1,526.0 3,002.7 1,307.9 1,722.5 1,683.0 1,636.9 1,642.7 1,614.9 1,511.9 2,795.2 1,859.7 2,271.3 2,735.3 4,949.0 2,421.9 2,956.3 3,431.2 3,029.2 2,449.7 2,676.3 2,218.4 2,527.7 2,095.1 1,961.6 2,538.7 3,064.4 2,419.1 2,041.5 2,160.0 3,272.2 2,422.4 2,127.1 2,589.6 2,870.7 1,403.0 1,638.2 1,336.4 1,386.3 1,372.1 3,594.8 3,752.6 2,407.8 1,830.0
Other Investing Activities (323.9) 1,886.1 (19.7) (9.6) (3,292.0) 215.8 (27.5) 17.3 (95.8) (190.9) (171.2) (7.4) (3.5) 14.7 (5.4) (35.5) (43.3) 21.6 16.1 (34.2) (42.4) (57.2) (27.3) (22.5) (97.8) (46.1) (22.6) (101.4) (26.8) 26.3 8.0 7.1 (39.6) (151.5) (7.4) (8.2) (88.7) 19.0 (39.6) (157.3) (94.4) (27.8) (0.5) (0.5) 0 1,382.2 1,255.4 (1,255.4) 0 0
Investing Cash Flow (323.4) (340.5) (566.0) (184.5) 462.3 1,391.0 (700.3) (621.2) 211.0 (165.6) (544.1) (4.6) (159.4) (422.1) (71.9) (484.4) 322.6 (244.9) (522.6) (322.5) (24.2) 103.9 (416.6) 779.5 23.0 (1.5) (106.6) (563.5) (102.8) 229.4 94.9 (104.2) 418.4 (591.0) 497.1 (85.3) 357.5 (261.1) 11.7 119.8 (14.8) (441.0) (344.7) 40.0 (475.5) (157.8) 722.9 (2,083.7) (309.3) (117.8)
Financing Activities
Net Debt Issuance 0 0 0 0 0 (18.4) (20.4) 0 0 0 0 0 5.2 0 79.0 0 0 0 0 0 0 0 0 0 0 421.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (59.5) (287.8) (110.0) (50.0) (440.0) (60.1) (39.9) (38.4) (61.6) 0 0 0 0 0 0 (35.0) 0 0 0 0 (9.4) 0 0 0 0 0 (0.0) (0.4) (9.0) (1.4) (0.0) (1.5) (7.2) 29.3 (3.5) (143.2) (143.8) (169.6) (126.0) (127.0) (136.0) (246.1) (0.6) (350) (0.3) 0 0 0 0 0
Dividends Paid (42.7) (41.5) (42.0) (42.3) (47.2) (44.7) (44.7) (44.9) (47.8) (45.8) (45.1) (45.3) (47.9) (44.0) (44.0) (44.3) (47.3) (43.2) (43.2) (43.3) (46.1) (42.6) (42.2) (42.2) (46.5) (44.3) (44.2) (44.3) (46.9) (43.4) (43.3) (43.6) (45.9) (42.8) (42.3) (49.3) (53.4) (41.6) (41.3) (42.7) (46.6) (21.4) (21.4) (19.4) (24.1) (10.8) (10.8) 0 0 0
Other Financing Activities (22.7) (0.9) (0.1) (1.1) (24.5) 8.2 9.8 (0.4) (14.1) (6.2) (0.4) (1.1) (15.9) (0.3) (0.3) (0.4) (13.0) (0.2) (0.2) (0.4) 0 (1.7) (0.1) (500.1) (8.5) (0.7) (0.0) 46.3 (9.0) (1.4) (0.0) (1.5) (7.2) 254.4 (0.1) 0 (23.3) 483.2 0 0 0 243.4 0.6 (2.3) 0 0 0 0 0 0
Financing Cash Flow (124.9) (330.2) (152.0) (93.4) (511.7) (114.9) (95.2) (83.7) (123.5) (51.9) (45.5) (46.4) (58.6) (44.3) 34.6 (79.6) (60.3) (43.4) (43.4) (43.7) (55.5) (44.3) (42.2) (542.3) (280.0) 376.1 (44.3) 1.6 (55.9) (44.8) (43.3) (45.1) (53.1) 240.9 (45.9) (543.6) (197.2) 320.9 (167.3) (171.5) (183.7) 222.0 (23.6) (371.6) (24.4) (10.7) (11.7) 317.3 7.9 6.6
Cash Position
Net Change in Cash 66.9 (36.9) (51.1) (1,923.6) 269.1 1,592.3 (183.7) (186.5) 457.6 116.7 (251.0) 339.0 4.6 (660.6) 337.3 (208.8) 389.0 (181.5) (90.2) 29.2 57.0 62.4 (208.0) 407.8 (335.4) 367.9 113.8 (511.5) (223.8) 77.6 225.7 (117.9) 280.8 (402.0) 622.1 (436.7) 125.8 191.3 55.3 15.6 (210.8) 68.9 47.2 113.7 (80.9) 197.0 (185.4) (136.5) 44.5 153.3
Cash at Beginning 1,321.2 1,358.1 1,409.2 3,332.8 3,063.6 1,471.3 1,655.1 1,841.6 1,384.0 1,267.3 1,518.3 1,179.3 1,174.7 1,835.3 1,497.9 1,706.7 1,317.7 1,499.2 1,589.4 1,560.3 1,503.2 1,440.8 1,648.8 1,241.1 1,576.5 1,208.6 1,094.7 1,606.3 1,830.0 1,752.4 1,526.7 1,644.6 1,363.8 1,350.6 728.5 1,165.3 1,039.5 848.2 792.9 777.3 988.1 793.3 746.1 632.3 802.1 605.2 790.6 927.1 882.5 729.3
Cash at End 1,388.1 1,321.2 1,358.1 1,409.2 3,332.8 3,063.6 1,471.3 1,655.1 1,841.6 1,384.0 1,267.3 1,518.3 1,179.3 1,174.7 1,835.3 1,497.9 1,706.7 1,317.7 1,499.2 1,589.4 1,560.3 1,503.2 1,440.8 1,648.8 1,241.1 1,576.5 1,208.6 1,094.7 1,606.3 1,830.0 1,752.4 1,526.7 1,644.6 948.6 1,350.6 728.5 1,165.3 1,039.5 848.2 792.9 777.3 862.2 793.3 746.1 721.2 802.1 605.2 790.6 927.1 882.5
Free Cash Flow 519.4 630.4 673.8 (1,654.2) 309.1 355.5 587.0 517.4 375.9 291.3 339.6 396.8 222.4 (224.8) 403.2 373.8 133.3 104.7 475.2 389.8 145.1 (5.3) 242.8 155.7 (49.7) (42.5) 258.1 41.1 (57.7) (120.4) 173.6 45.4 (87.9) (17.4) 152.8 175.2 (26.0) 124.3 202.8 76.8 (14.2) 287.9 415.6 445.3 419.0 365.5 358.8 374.5 345.9 264.4
Key Metrics 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 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2
Income Statement
Revenue 1,643.6 1,734.4 1,693.3 1,540.3 1,467.8 1,584.8 1,519.8 1,470.8 1,443.4 1,415.3 1,483.5 1,353.3 1,337.5 1,370.0 1,366.5 1,262.1 1,306.1 1,388.6 1,365.7 1,321.0 1,246.1 1,202.9 1,185.8 1,180.6 1,191.8 1,284.6 1,348.7 1,298.1 1,254.2 1,278.0 1,321.0 1,298.2 1,222.3 1,314.0 1,091.2 1,049.5 987.1 1,051.1 1,076.3 1,115.4 884.2 1,003.8 1,204.3 1,000.0 1,024.5 1,082.2 1,190.1 1,140.5 1,038.2 1,063.5 987.8 1,056.0 1,062.9 954.2 993.9 991.9 957.1 963.1 1,008.9 977.6 929.8 943.3 923.1 842.4 817.6 867.6 451.7 781.1 714.7 579.3 637.7 811.6 782.0 805.4 804.6 803.7 812.8 809.6 790.6 761.4 716.9 755.1 677.6 678.8 676.9 604.2 572.8 515.5 512.9 434.7 377.3
Gross Profit 776.3 875.0 566.2 462.7 417.3 476.5 412.9 439.8 460.5 9.1 436.2 363.7 386.5 296.2 184.1 235.0 325.1 420.2 222.6 435.4 312.5 153.9 75.6 275.8 45.1 165.4 237.7 383.3 329.7 (8.7) 277.8 359.7 331.7 239.1 (338.9) 239.9 190.3 323.1 354.1 294.0 204.6 299.9 461.2 236.6 340.6 370.2 452.1 382.8 321.9 336.9 312.6 243.4 479.0 135.0 392.5 367.9 278.0 222.2 355.3 264.8 (225.4) 435.9 377.2 314.9 232.7 419.3 27.2 299.5 224.7 221.5 (158.2) 342.1 325.8 424.3 376.3 349.2 321.9 388.6 321.1 287.6 268.5 310.2 (422.1) 270.5 241.3 225.1 48.0 192.2 213.3 171.9 135.3
Operating Income 308.1 335.6 370.0 280.3 236.1 267.0 227.0 244.6 269.6 (185.7) 209.8 176.1 198.2 78.9 (2.2) 28.8 137.7 216.2 44.2 253.5 134.9 (13.5) (80.3) 123.8 (159.1) (5.0) 45.8 188.9 107.8 (209.7) 48.9 101.1 72.2 3.6 (482.3) 94.3 16.3 147.2 198.4 134.4 41.8 146.7 257.7 75.2 165.1 187.3 278.9 211.8 152.6 177.1 156.7 79.1 321.7 (21.8) 242.3 191.4 138.7 96.6 225.0 112.7 (372.8) 284.7 257.9 220.4 132.4 308.5 (79.6) 180.4 130.6 148.6 (245.2) 244.7 259.4 323.9 289.8 273.3 246.5 300.5 241.6 240.5 214.3 242.8 (476.4) 178.6 155.5 183.1 3.9 143.1 170.3 158.7 116.9
Net Income 254.8 289.6 301.9 223.4 194.1 293.6 180.7 212.0 395.5 (142.6) 188.1 150.7 180.1 48.5 (9.4) 34.8 149.2 204.9 54.9 235.5 123.3 2.7 (65.4) 120.0 (177.8) (0.8) 38.4 177.0 108.8 (187.8) 54.1 103.5 73.2 (27.4) (457.1) 95.7 19.9 148.9 186.6 129.5 48.4 144.8 257.6 73.4 165.8 173.7 289.1 200.7 147.2 181.5 150.6 83.7 311.6 (9.8) 232.1 189.1 135.8 89.3 221.3 110.3 (374.5) 273.6 248.1 214.1 121.0 291.3 (86.7) 168.4 124.9 140.1 (240.1) 240.5 246.9 315.3 279.1 260.8 236.8 290.2 235.4 232.6 204.8 237.9 (468.1) 172.8 151.8 181.1 6.3 140.9 166.8 160.5 117.8
EPS (Diluted) 3.29 3.67 3.74 2.72 2.26 3.38 2.04 2.40 4.53 -1.76 2.10 1.67 2.01 0.48 -0.02 0.32 1.65 2.31 0.56 2.67 1.36 0.03 -0.78 1.33 -2.11 -0.01 0.45 1.97 1.16 -2.25 0.52 1.11 0.75 -0.33 -5.49 1.01 0.23 1.48 1.96 1.29 0.41 1.53 2.50 0.63 1.54 1.60 2.68 1.79 1.24 1.52 1.21 0.62 2.55 -0.08 1.82 1.35 0.96 0.70 1.66 0.79 -3.30 2.41 1.78 1.51 0.79 2.05 -0.63 1.06 0.78 0.94 -1.72 1.47 1.48 1.97 1.65 1.51 1.37 1.75 1.37 1.37 1.19 1.45 -3.32 1.13 0.95 1.13 0.04 0.84 1.00 0.96 0.81
Balance Sheet
Cash & Equivalents 862.4 820.3 825.9 852.1 2,757.2 2,143.5 981.0 1,092.6 1,144.0 953.5 889.6 1,173.9 816.9 751.4 1,210.3 844.9 987.1 844.6 947.5 999.9 895.9 902.8 1,000.8 1,086.8 756.0 1,241.1 763.8 712.5 1,151.2 1,830.0 1,752.4 1,526.7 1,227.7 1,363.8 1,631.1 1,015.3 1,451.6 1,241.5 848.2 792.9 952.3 1,197.5 1,510.0 788.6 1,380.9 1,309.9 1,830.9 721.2 802.1 605.2 927.1 0
Total Assets 35,618.7 34,461.9 34,336.3 34,151.0 33,249.2 32,681.3 32,722.6 32,078.9 31,758.7 30,250.7 29,472.5 29,315.7 28,565.0 27,683.0 27,119.8 27,619.4 27,808.6 27,369.0 27,935.1 27,581.7 27,085.8 25,877.7 26,453.0 26,359.2 25,948.8 25,604.1 25,495.5 25,870.2 25,557.6 24,132.6 24,843.0 25,018.5 25,087.3 24,760.2 21,818.2 21,499.6 21,247.0 20,813.7 21,222.4 21,249.4 20,978.2 16,558.3 16,329.2 15,306.5 15,378.9 14,777.4 14,711.9 7,320.2 6,747.0 5,172.3 4,386.2 3,813.5
Total Debt 1,493.7 110.1 109.0 106.5 1,489.2 106.6 1,505.6 1,516.5 1,519.0 1,522.6 1,515.7 1,520.7 1,497.6 1,496.3 1,496.5 1,416.8 1,424.6 1,430.5 1,434.5 1,440.5 1,444.0 1,450.0 1,449.4 1,450.7 1,951.7 1,923.7 1,504.0 1,521.0 1,486.6 1,342.0 1,377.6 1,377.2 1,376.8 1,376.5 993.8 993.5 993.2 993.0 992.6 992.4 992.1 1,073.5 996.9 499.5 656.0 550.8 499.2 0 0 0 0 0
Stockholders' Equity 6,380.6 6,356.4 6,367.0 6,174.4 5,902.8 6,089.4 6,083.2 5,659.5 5,505.2 5,263.2 5,033.2 5,021.0 4,960.2 4,639.9 4,343.4 4,702.6 5,120.5 5,410.7 5,335.1 5,389.8 5,176.4 5,295.7 5,265.9 5,297.8 4,839.6 5,544.0 5,585.9 5,566.5 5,300.2 5,030.1 5,272.3 5,253.0 5,264.4 5,341.3 5,454.7 5,892.7 6,230.4 6,272.4 6,025.7 5,964.2 5,950.3 5,495.3 5,376.0 5,500.2 4,909.1 4,492.8 4,943.6 3,042.5 3,006.6 2,817.1 2,212.6 2,077.9
Cash Flow
Operating Cash Flow 519.4 630.4 673.8 (1,654.2) 309.1 355.5 587.0 518.1 384.1 306.3 348.2 396.8 222.4 (224.8) 403.2 380.5 133.3 104.7 475.2 389.8 145.1 (5.3) 242.8 155.7 (49.7) (42.5) 258.1 41.1 (57.7) (120.4) 173.6 45.4 (87.9) (52.9) 163.2 185.2 (36.3) 141.4 202.8 76.8 (14.2) 287.9 415.6 445.3 419.0 365.5 358.8 374.5 345.9 264.4
Capital Expenditure 0 0 0 0 0 0.3 0 (0.7) (8.2) (14.9) (8.6) 0 0 0 0 (6.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35.5 (10.4) (10.0) 10.2 (17.1) 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow 519.4 630.4 673.8 (1,654.2) 309.1 355.5 587.0 517.4 375.9 291.3 339.6 396.8 222.4 (224.8) 403.2 373.8 133.3 104.7 475.2 389.8 145.1 (5.3) 242.8 155.7 (49.7) (42.5) 258.1 41.1 (57.7) (120.4) 173.6 45.4 (87.9) (17.4) 152.8 175.2 (26.0) 124.3 202.8 76.8 (14.2) 287.9 415.6 445.3 419.0 365.5 358.8 374.5 345.9 264.4