H World Group Limited logo HTHT - H World Group Limited

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 5
SELL 3
STRONG
SELL
0
| PRICE TARGET: $62.40 DETAILS
HIGH: $62.40
LOW: $62.40
MEDIAN: $62.40
CONSENSUS: $62.40
UPSIDE: 39.32%
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
Revenue
Revenue 5,959.7 6,434.9 6,961 6,426 5,395 6,023 6,442 6,148 5,278 5,584 6,288 5,530 4,480 3,706 4,093 3,382 2,681 3,348 3,523 3,587 2,327 3,071 3,158 1,953 2,013 2,910 3,055 2,859 2,387 2,683 2,767.6 2,521.3 2,091.2 2,225.1 2,387.3 2,002.4 1,614.1 1,669.9 1,773.8 1,656.9 1,438.0 1,506.3 1,600.2 1,457.8 1,210.4 1,296.2 1,387.5 1,247.0 1,034.0 1,120.2 1,146.7 1,034.8 866.9 883.2 893.6 798.2 649.5 650.7 626.7 547.7 424.4 452.6 506.1 438.9 340.9 350.3 341.1 315.3 253.5
Cost of Revenue 3,649.8 3,866.9 4,062 3,752 3,604 3,885 3,799 3,731 3,565 3,996 3,613 3,482 3,250 3,430 3,045 2,972 2,813 3,194 2,885 2,739 2,463 2,748 2,470 2,135 2,377 1,879 1,834 1,743 1,735 1,737 1,657.8 1,575.1 1,506.0 1,623.4 1,503.8 1,348.3 1,199.2 1,264.6 1,249.7 1,217.4 1,200.5 1,198.6 1,166.8 1,088.2 1,058.6 1,048.9 983.3 928.9 917.0 876.7 823.2 746.6 735.2 694.1 630.0 580.4 549.4 493.8 452.6 395.7 361.3 323.3 311.1 273.6 272.2 267.5 256.3 239.1 241.7
Gross Profit 2,309.9 2,568.1 2,899 2,674 1,791 2,138 2,643 2,417 1,713 1,588 2,675 2,048 1,230 276 1,048 410 (132) 154 638 848 (136) 323 688 (182) (364) 1,031 1,221 1,116 652 946 1,109.8 946.2 585.2 601.7 883.5 654.1 414.8 405.3 524.1 439.5 237.5 307.7 433.4 369.6 151.7 247.3 404.2 318.1 117.0 243.5 323.5 288.3 131.8 189.1 263.6 217.8 100.1 156.9 174.1 152.1 63.2 129.3 195 165.2 68.7 82.8 84.8 76.2 11.9
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
SG&A Expenses 846 924 884 969 755 1,021 975 919 769 1,002 828 739 620 609 586 510 584 621 577 553 435 517 505 370 565 464 390 349 283 377 324.7 272.6 224.6 320.1 228.1 181.0 214.2 189.6 154.5 154.9 139.7 175.0 143.8 140.0 123.8 168.2 153.1 115.5 92.7 125.9 99.9 103.2 82.7 90.0 143.3 135.4 112.4 122.6 118.2 111.6 86.7 98.5 91.3 60.7 51.5 49.6 47.8 38.2 43.6
Other Expenses (22.0) (12.8) (33) (82) (46) 215 (55) (74) (59) (174) (62) (76) (54) (240) (38) (108) (8) (506) (11) (334) 4 (60) 386 (58) (72) 81 128 110 105 (23) 10.3 2.5 54.0 35.8 72.3 17.3 27.2 30.0 18.6 21.2 27.1 2.1 7.9 30.0 38.7 30.3 49.0 44.3 44.1 32.4 52.4 55.9 54.0 69.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 824.0 911.2 851 887 709 1,236 920 845 710 828 766 663 566 369 548 402 576 115 566 219 439 457 891 312 493 545 518 459 388 354 335.0 275.1 278.6 370.5 300.4 216.1 241.4 219.6 173.1 176.1 166.8 177.1 151.7 169.9 162.5 198.5 202.1 159.9 136.9 158.3 152.4 159.1 136.7 159.8 143.3 135.4 112.4 122.6 118.2 111.6 86.7 98.5 91.3 60.7 51.5 49.6 47.8 38.2 43.6
Operating Income
Operating Income 1,486.0 1,656.8 2,048 1,787 1,082 902 1,723 1,572 1,003 756 1,909 1,385 664 (93) 500 8 (708) 39 72 629 (575) (134) (201) (494) (857) 486 703 657 264 592 775 671 306 231.2 583.1 438.0 173.4 185.7 351.0 263.4 70.8 130.6 281.7 199.7 (10.8) 48.8 202.1 158.2 (19.8) 85.2 171.1 129.2 (4.9) 29.3 120.3 82.4 (12.3) 34.4 55.9 40.5 (23.6) 0 0 104.5 17.2 0 0 38.0 (31.7)
Interest Expense 75.5 84.8 86 91 74 74 77 84 83 76 85 94 130 117 93 90 109 92 101 102 110 118 136 142 137 83 72 83 77 70 64 59 51 34.3 34.8 15.9 2.4 2.3 2.2 3.5 3.1 1.6 1.9 0.2 0.2 0.2 0.6 0.3 0.4 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0 9.1 0.7 1.5 2.5 2.5 2.4 1.3
Interest Income 64.6 61.1 60 52 49 53 50 56 51 85 62 57 44 27 23 19 18 23 25 17 22 33 31 26 29 39 46 41 33 32 42 40 34 40.7 31.8 21.8 18.3 22.9 19.2 15.5 9.8 9.0 6.3 7.8 3.7 7.9 5.8 4.8 4.7 2.3 2.3 1.0 1.2 3.3 3.9 4.2 3.1 5.2 4.5 4.5 3.9 0 0 1.5 0.7 0.8 0.6 0.2 0.3
Profitability
EBITDA 1,776.2 1,941.8 2,525 2,536 1,668 1,088 2,068 1,914 1,385 1,419 2,196 1,809 1,724 559 207 (212) (239) 122 332 989 116 1,159 283 (88) (1,655) 1,142 1,012 1,269 471 44.3 1,240 803 440.7 489.5 878.2 718.8 386.6 389.6 559.2 583.7 265.1 316.3 459.8 374.1 153.7 212.4 353.1 305.6 116.6 214.2 294.1 243.2 101.0 130.2 215.4 169.5 67.1 113.4 126.1 104.6 36.5 0 0 106.2 17.8 0 0 38.2 (31.5)
EBIT 1,486.0 1,656.8 2,206 2,219 1,349 767 1,739 1,577 1,040 1,107 1,838 1,450 1,339 190 (163) (586) (638) (314) (51) 612 (250) 775 (84) (447) (1,991) 869 755 1,017 240 (173) 1,012 573 225 280.7 660.2 529.5 213.4 215.8 383.6 394.5 94.6 147.0 294.5 207.6 (6.5) 56.3 207.6 168.7 (15.5) 87.5 173.8 131.5 (3.4) 33.3 124.4 86.2 (9.5) 43.0 66.6 49.8 (15.5) 0 0 106.2 17.8 0 0 38.2 (31.5)
Income Before Tax 1,292.1 1,731.8 2,120 2,124 1,275 639 1,674 1,505 946 1,024 1,773 1,344 1,194 73.2 (276) (662) (780) (406) (149) 509 (380) 646 (255) (622) (2,188) 758 623 891 130 (307.4) 948.4 503.1 170 246.4 622.1 513.7 206.4 213.5 383.7 391.0 94.9 144.6 292.1 207.4 (8.2) 56.1 206.9 168.3 (15.9) 87.3 173.6 131.2 (3.6) 33.1 124.2 86.0 (9.7) 42.8 66.3 49.5 (15.8) 44.1 113.2 105.4 16.3 31.3 35.2 35.8 (32.8)
Income Tax Expense 478.1 563.1 648 565 377 578 382 423 279 281 421 308 194 195.5 434 (299) (131) 58 (13) 132 (122) (66) (50) (68) (30) 133 191 286 31 106 255 163.6 44 17.7 156.4 129.0 53.9 87.7 94.2 77.5 27.7 73.7 67.3 56.4 (0.9) 8.8 59.5 47.6 (2.8) 27.3 46.6 35.4 (4.6) 13.3 26.3 15.5 (1.0) 11.2 7.2 8.9 (2.4) 8.1 23.1 23.4 2.6 8.4 9.1 6.1 (5.6)
Net Income 812.1 1,156.8 1,469 1,544 894 49 1,273 1,067 659 743 1,337 1,015 990 (119.4) (717) (350) (630) (459) (137) 378 (248) 703 (212) (548) (2,135) 619 431 613 106 (419) 667.8 338.4 128.5 225.7 463.8 389.6 152.6 125.9 293.9 315.5 69.4 70.8 223.6 149.2 (7.0) 46.8 149.6 124.2 (13.3) 58.5 124.9 96.3 0.1 18.2 95.8 70.3 (9.4) 30.3 58.2 40.3 (14.0) 34.9 88.7 79.7 12.4 19.8 22.3 27.9 (27.5)
Per Share Data
EPS (Basic) 2.60 3.80 4.80 5.00 2.90 0.16 4.10 3.40 2.10 2.30 4.20 3.20 3.10 -0.40 -2.40 -1.10 -2.00 -1.50 -0.44 1.20 -0.80 2.30 -0.73 -1.90 -7.50 2.20 1.50 2.20 0.37 -1.50 2.40 1.20 0.46 0.81 1.70 1.40 0.55 0.45 1.10 1.10 0.26 0.28 0.89 0.59 -0.03 0.19 0.60 0.50 -0.05 0.24 0.51 0.39 0.07 0.39 0.29 -0.04 0.12 0.24 0.17 -0.06 0.18 0.45 0.33 0.07 0.27 0.48 0.50 -0.51
EPS (Diluted) 2.50 3.60 4.60 4.80 2.80 0.16 4.00 3.30 2.10 2.30 4.10 3.10 3.00 -0.40 -2.30 -1.10 -2.00 -1.50 -0.44 1.20 -0.80 2.10 -0.73 -1.90 -7.50 2.10 1.40 2.10 0.36 -1.50 2.20 1.10 0.44 0.77 1.60 1.40 0.53 0.44 1.00 1.10 0.25 0.28 0.87 0.58 -0.03 0.18 0.59 0.49 -0.05 0.23 0.50 0.39 0.07 0.39 0.29 -0.04 0.13 0.24 0.16 -0.06 0.15 0.38 0.32 0.06 -0.30 0.48 0.55 -0.51
Shares Outstanding 307.3 306.8 307.7 306.7 306.7 308.1 310.3 313.8 313.9 323.0 318.8 318.7 330 311.0 298.6 310.9 311.9 310.3 311.5 311.4 310 309.8 291.7 286.5 286.0 285.3 284.7 284.0 283.3 282.5 282.1 281.5 280.7 279.9 279.6 279.1 278.5 277.5 277.2 276.5 269.1 249.7 250.0 251.3 251.0 249.6 249.6 248.3 248.0 246.2 245.2 244.8 244.5 244.3 243.3 242.9 242.6 242.5 242.3 241.8 241.2 198.5 198.5 241.0 196.8 52.1 46.6 55.5 54.1
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
Current Assets
Cash & Cash Equivalents 12,454.3 10,538.7 7,103 10,145 8,184 7,474 7,247 7,801 5,909 6,946 5,767 7,316 8,963 3,583 5,177 4,642 4,125 5,116 5,385 6,201 5,745 7,026 6,577 3,699 1,800 3,234 4,013 3,346 3,840 4,262 3,927.6 4,146.5 3,547.5 3,474.7 3,333.1 2,980.4 2,375.5 3,235.0 3,001.8 2,466.4 1,414.8 1,285.4 258.4
Short-Term Investments 3,297.6 4,897.1 6,053 2,305 2,682 3,603 735 1,112 1,657 2,189 2,094 749 96 1,788 1,915 1,928 2,281 2,589 2,906 2,727 2,972 3,903 3,169 1,504 1,539 2,908 63 76 84 89 89.6 109.0 110.8 129.9 107.7 0 0 0 44.8 46.3 447.0 0 0
Net Receivables 1,099.9 1,082.7 1,352 1,204 1,265 1,228 1,288 840 812 755 1,102 933 936 1,113 1,408 1,333 878 521 671 601 589 409 670 608 448 235 472 496 450 231 341.1 328.9 310.9 197 260.1 168.5 306.8 262.5 143.5 137.5 119.2 24.2 25.0
Inventory 51.8 57.0 61 62 58 60 63 61 56 59 65 65 63 70 83 88 84 88 85 82 86 89 93 92 90 57 47 37 41 41 39.1 30.1 27.2 24.0 27.7 33.2 23.4 21.6 21.8 21.2 22.6 7.9 7.8
Other Current Assets 830.9 870.6 952 1,952 874 850 1,549 1,653 2,064 2,107 1,770 1,502 2,517 2,624 980 1,466 1,150 1,239 1,080 1,155 1,196 1,460 2,267 2,463 2,933 11,839 1,269 1,534 1,318 1,396 1,142.1 813.9 971.1 1,275.5 837.1 893.0 936.6 209.4 389.0 736.8 708.5 59.8 56.7
Total Current Assets 17,734.5 17,446.1 15,521 15,668 13,063 13,215 10,882 11,467 10,498 12,056 10,798 10,565 12,575 9,178 9,563 9,457 8,518 9,553 10,127 10,766 10,588 12,882 12,776 8,366 6,810 18,256 5,864 5,489 5,733 6,974 6,110.6 5,990.5 5,531.1 5,761.1 5,094.2 4,577.6 4,123.3 4,174.7 4,003.9 3,788.7 3,135.1 1,469.3 410.6
Non-Current Assets
Property, Plant & Equipment 31,735.0 32,627.8 33,026 33,087 32,774 32,946 33,968 33,749 33,605 33,926 36,550 37,455 37,840 37,801 37,786 38,238 38,960 39,233 38,962 38,683 37,230 37,703 38,040 37,681 37,814 26,729 26,233 26,220 25,641 5,238 4,956.1 4,676.6 4,654.4 4,522.9 4,478.1 4,462.9 3,638.6 3,710.5 3,792.7 3,876.3 3,884.9 1,089.9 1,048.8
Goodwill 5,319.1 5,431.5 5,457 5,476 5,300 5,221 5,309 5,261 5,265 5,318 5,242 5,327 5,216 5,195 5,069 5,074 5,093 5,132 5,221 5,268 4,900 4,988 4,976 5,402 5,339 2,657 2,657 2,657 2,657 2,630 2,572.9 2,264.8 2,264.8 2,264.8 2,136.7 2,136.7 171.5 171.5 167.5 170.3 550.4 18.5 18.5
Intangible Assets 4,876.7 5,031.2 5,235 5,284 5,047 4,950 5,478 5,351 5,367 5,461 5,509 5,670 5,499 5,477 5,441 5,455 5,508 5,591 5,956 6,112 5,981 6,158 6,158 6,139 6,067 1,877 1,876 1,879 1,883 1,834 2,070.9 1,761.7 1,773.4 1,784.1 1,941.7 1,949.2 483.5 488.2 495.9 487.8 220.0 34.1 20.4
Long-Term Investments 1,522.3 1,544.0 1,419 2,301 2,336 2,316 2,427 2,499 2,552 2,564 2,718 2,199 1,931 1,945 1,865 1,893 1,960 1,965 2,058 2,058 1,932 1,923 1,866 1,888 1,920 1,929 5,730 6,130 5,747 6,152 6,750.7 5,889.4 6,039.7 2,362.0 1,485.6 1,282.7 1,135.3 1,064.3 913.1 837.1 815.5 0 0
Other Non-Current Assets 1,566.1 1,577.0 1,822 1,895 1,977 2,850 2,944 4,125 3,121 3,164 868 814 825 818 817 859 984 933 941 961 863 878 1,018 1,010 969 987 839 814 733 660 524.0 486.5 476.0 407.0 406.4 352.5 228.7 207.8 205.9 247.4 199.8 108.8 62.3
Total Non-Current Assets 46,188.9 47,369.1 48,031 49,111 48,496 49,337 51,157 50,985 50,946 51,476 51,964 52,547 52,397 52,329 51,824 52,364 53,353 53,716 53,746 53,835 51,617 52,916 52,960 52,977 52,868 34,727 37,823 38,200 37,158 17,019 17,280.6 15,478.3 15,609.5 11,666.3 10,685.3 10,425.9 5,830.1 5,818.7 5,686.6 5,735.3 5,791.1 1,251.3 1,187.3
Total Assets 63,923.4 64,815.2 63,552 64,779 61,559 62,552 62,039 62,452 61,444 63,532 62,762 63,112 64,972 61,507 61,387 61,821 61,871 63,269 63,873 64,601 62,205 65,798 65,736 61,343 59,678 52,983 43,687 43,689 42,891 23,993 23,391.2 21,468.8 21,140.6 17,427.4 15,779.4 15,003.5 9,953.4 9,993.4 9,690.5 9,524.0 8,926.2 2,720.6 1,598.0
Current Liabilities
Account Payables 958.4 1,020.6 915 841 838 983 1,026 865 900 1,019 937 935 915 1,171 810 862 723 968 909 975 901 1,241 1,209 1,343 1,143 1,176 991 930 788 890 829.7 810.2 720.9 766 656.6 600.3 460.0 584.7 500.7 502.4 470.2 156.3 137.7
Short-Term Debt 7,247.8 8,879.7 5,964 6,633 849 880 892 315 4,104 4,049 4,234 4,765 2,874 3,288 5,144 6,707 6,560 6,232 661 666 921 1,142 5,701 5,821 5,782 8,499 2,831 3,042 1,437 948 578.6 290.1 345.9 130.8 132.9 162.7 296.7 298.3 287.1 616.7 600.9 12.1 12.1
Deferred Revenue 1,837.1 1,824.2 1,868 1,885 1,864 1,822 1,812 0 1,674 1,637 1,554 1,413 1,400 1,308 1,280 1,276 1,292 1,366 1,340 1,357 1,310 1,272 1,317 1,280 1,230 1,179 1,156 1,154 1,082 1,005 1,063.0 1,028.5 1,003.2 943 822.6 799.2 739.9 749.8 828.9 863.7 811.5 116.1 50.4
Other Current Liabilities 7,356.4 5,034.2 0 0 0 887 0 5,486 1,390 6,424 1,538 1,415 1,014 2,964 2,209 705 1,100 2,583 723 1,299 744 3,081 548 728 1,711 3,108 641 764 517 71 289.6 645.4 220.0 50.2 768.9 238.2 108.5 37.6 349.3 320.7 239.0 (25.3) 1.0
Total Current Liabilities 18,999.8 19,139.2 18,299 19,381 14,859 13,321 12,408 11,859 15,046 17,411 14,810 15,745 13,434 13,146 13,735 15,549 15,326 15,279 9,371 10,008 9,176 10,529 14,833 14,351 13,688 17,287 10,359 10,430 8,181 5,969 4,576.8 4,122.4 3,835.9 3,771 3,618.7 3,079.2 2,736.7 2,966.1 2,855.8 3,029.0 2,716.3 375.4 319.1
Non-Current Liabilities
Long-Term Debt 2,428.9 479.3 722 777 4,420 4,546 4,499 5,220 1,645 1,265 975 1,065 6,521 6,635 6,091 3,696 3,550 3,385 9,936 10,002 10,043 10,721 7,686 9,240 7,690 8,084 5,880 6,126 8,583 8,812 8,661.1 7,984.1 8,181.9 4,921.8 3,583.8 3,658.0 0 0 0 0 0 56.9 57.4
Deferred Tax Liabilities 1,163.6 1,187.8 950 961 934 919 817 818 838 845 840 868 849 858 798 806 824 853 975 1,155 1,124 1,824 1,828 1,820 1,787 491 476 479 482 475 473.7 417.4 419.9 422.1 454.7 458.8 97.3 96.3 98.7 94.6 59.8 6.5 6.5
Other Non-Current Liabilities 2,688.9 2,706.7 2,926 2,956 2,882 3,667 3,688 3,735 3,680 3,778 1,220 1,173 1,114 1,087 1,105 1,081 1,079 1,047 1,032 1,005 963 950 864 810 785 566 537 507 474 1,960 1,842.7 1,831.4 1,802.3 1,761.1 1,643.7 1,592.6 1,369.6 1,347.8 1,305.7 1,276.8 1,273.8 273.7 23.1
Total Non-Current Liabilities 33,864.1 32,709.8 33,230 33,105 36,078 36,960 37,415 37,876 34,000 33,872 33,478 34,265 39,708 39,558 38,889 36,835 36,739 36,946 43,038 42,996 41,884 43,837 40,960 42,186 40,714 28,196 25,827 26,122 28,164 11,705 11,411.5 10,640.4 10,800.6 7,276.7 5,849.5 5,876.6 1,624.6 1,611.1 1,582.0 1,556.6 1,517.1 337.1 306.7
Total Liabilities 52,863.8 51,849.0 51,529 52,486 50,937 50,281 49,823 49,735 49,046 51,283 48,288 50,010 53,142 52,704 52,624 52,384 52,065 52,225 52,409 53,004 51,060 54,366 55,793 56,537 54,402 45,483 36,186 36,552 36,345 17,674 15,988.4 14,762.8 14,636.5 10,953.2 9,468.3 8,955.8 4,361.3 4,577.2 4,437.8 4,585.6 4,233.5 712.5 625.8
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 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Retained Earnings 1,668.7 3,616.3 2,442 2,751 1,207 2,449 2,400 2,520 1,453 794 2,142 805 (210) (1,200) (1,076) (359) (9) 1,037 1,495 1,632 1,254 1,502 799 1,011 1,559 3,701 3,760 3,329 2,716 2,610 3,688.1 3,020.3 2,681.9 2,513 2,520.0 2,349.9 1,960.3 1,812.2 1,686.3 1,392.4 1,076.9 (153.3) (233.0)
Accumulated Other Comprehensive Income 193.3 199.1 204 262 324 382 459 331 355 386 450 474 271 232 70 63 37 41 21 49 72 127 162 (69) (115) (49) (78) (13) 51 (42) (62.0) 85.8 252.5 168.0 98.1 32.7 1.6 (4.5) (0.9) (9.7) 47.2 (14.2) (12.5)
Total Stockholders' Equity 10,906.1 12,812.2 11,880 12,153 10,495 12,177 12,132 12,582 12,276 12,135 14,358 13,001 11,749 8,729 8,680 9,361 9,716 10,935 11,358 11,492 11,060 11,330 9,859 4,736 5,200 7,379 7,386 6,987 6,403 6,174 7,203.9 6,666.5 6,468.6 6,198 6,290.0 6,029.0 5,580.2 5,399.6 5,249.6 4,929.1 4,651.2 2,001.0 964.3
Total Liabilities & Equity 63,923.4 64,815.2 63,552 64,779 61,559 62,552 62,039 62,452 61,444 63,532 62,762 63,112 64,972 61,507 61,387 61,821 61,871 63,269 63,873 64,601 62,205 65,798 65,736 61,343 59,678 52,983 43,687 43,689 42,891 23,993 23,391.2 21,468.8 21,140.6 17,427.4 15,779.4 15,003.5 9,953.4 9,993.4 9,690.5 9,524.0 8,926.2 2,720.6 1,598.0
Debt Metrics
Total Debt 35,625.5 36,092.0 37,161 37,769 35,124 35,445 36,050 36,032 36,093 35,880 38,371 39,934 43,592 43,887 45,085 44,587 44,380 44,162 44,557 44,341 43,450 44,980 46,845 48,303 46,789 38,161 30,105 30,578 31,014 9,760 9,239.8 8,274.3 8,527.8 5,052.6 3,716.7 3,820.8 296.7 298.3 287.1 616.7 600.9 69 69.5
Net Debt 23,171.1 25,553.3 30,058 27,624 26,940 27,971 28,803 28,231 30,184 28,934 32,604 32,618 34,629 40,304 39,908 39,945 40,255 39,046 39,172 38,140 37,705 37,954 40,268 44,604 44,989 34,927 26,092 27,232 27,174 5,498 5,312.2 4,127.8 4,980.3 1,577.9 383.6 840.4 (2,078.8) (2,936.7) (2,714.7) (1,849.7) (813.9) (1,216.4) (188.9)
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
Operating Activities
Net Income 812.1 1,156.8 1,472 1,559 899 49 1,245.0 1,070.6 667 728.1 1,352 1,036 1,000 (127) (717) (363) (649) (480) (136) 377 (258) 691 (212) (548) (2,158) 611 432 613 99 (413.5) 675.1 339.6 125.8 229.5 471.9 383.7 148.0 129.5 289.5 310.4 69.4
Depreciation & Amortization 290.2 285.0 319 317 319 331.0 324.7 336.1 345 346 358 359 385 369 351 374 399 377 391 377 366 315 337 359 321 273 257 252 231 230.0 221.6 223.8 215.7 208.8 218.1 189.2 173.2 173.8 175.6 175.0 170.5
Stock-Based Compensation 0 0 92 170 77 0 0 0 58 0 44 34 27 9 29 26 22 15 31 28 35 22 33 38 29 22 31 31 26 26.8 20.4 18.6 17.1 19.2 15.3 16.0 15.8 12.5 11.8 16.2 14.9
Change in Working Capital (1,193.7) 2,937.4 (240) 924 (288) 254.1 (1,160.2) 602.9 (230) (1,038.0) (583) 712 1,020 1,008 182 (135) (888) (426) (1,858) 472 (717) 104 747 470 (1,321) 387 20 382 (667) (222.9) 146.6 249.9 (113.7) 21.9 163.2 159.3 (151.1) 16.1 68.1 203.3 53.9
Other Non-Cash Items 323.0 (1,025.1) 54 (311) (427) 2,057.7 1,207.7 239.9 46 2,286.2 (144) 45 (588) 51 607 479 172 778 1,577 24 (139) (123) (144) 155 1,830 2 174 34 453 1,051.8 (153.9) 308.5 172.6 155.9 17.2 68.1 (10.3) 79.7 68.7 (41.0) 28.3
Operating Cash Flow 231.6 3,354.1 1,697 2,659 580 2,807.6 1,617.3 2,249.5 886 2,318.7 1,181 2,238 1,844 1,042 452 989 (921) 867 192 1,238 (957) 304 1,139 512 (1,346) 979 1,007 1,161 147 574.7 914.1 1,140.0 420.2 554.2 888.5 814.2 178.5 442.5 620.2 660.1 324.9
Investing Activities
Capital Expenditure (180.9) (200.4) (204) (189) (240) (201.4) (199.0) (203.4) (281) (294.4) (196) (171) (222) (229) (256) (143) (425) (469) (346) (311) (550) (501) (452) (339) (484) (459) (390) (301) (384) (312.5) (349.5) (162.0) (371.0) (271.4) (212.9) (157.1) (185.9) (112.7) (113.8) (106.8) (183.3)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 171 0 2 0 (3) (56) (1) (395) (346) 0 (1) (3) 0 (5,053) (160) (23) (25) (36) (23.9) (430.9) (34.4) 1.2 13.4 (2.7) (2,980.2) (765.0) (1.7) (2.9) 111.7 3.8
Purchases of Investments (2,204.6) (2,381.0) (2,874) (713) (2,065) (2,997.7) (97.4) (632) (254) (531.9) (1,846) (961) (1) (23) (300) 143 (77) (49) (303) (134) 0 0 (1,631) 0 (1) 0 (118) (148) 0 (365.0) (651.3) 0 (3,789.8) (856.7) (271.1) (216.9) (78.6) (115.9) 0 (77.8) 0
Sales/Maturities of Investments 3,797.9 3,631.3 10 1,099 3,031 76.8 442.7 1,139 842 621.2 0 2 2,200 370 6 186 376 0 0 174 1,256 0 14 35 336 1,281 533 0 188 3.4 66.2 0 2.2 1.9 0 87.6 38.6 (20.3) 10.0 456.6 0
Other Investing Activities 3.0 (75.4) 22 42 31 (6.7) 10.0 42 41 (45.8) (7) (173) 4 29 25 (127) (19) (2) 13 35 8 (13) 3 23 (33) (27) 9 (79) (146) (34.8) (29.5) 1.1 134.1 (290.5) (7.2) 5.3 (73.6) 6.4 342.3 (3.4) (16.8)
Investing Cash Flow 1,415.4 974.4 (3,046) 239 757 (3,144.3) 156.2 346 348 (257.8) (2,049) (1,132) 1,981 149 (525) 56 (201) (503) (1,031) (582) 714 (515) (2,069) (281) (5,235) 635 11 (553) (378) (732.9) (1,394.9) (193.8) (4,023.3) (1,403.4) (493.9) (3,261.4) (1,064.5) (240.7) 240.6 380.2 (196.4)
Financing Activities
Net Debt Issuance 436.3 (791.7) (29) 1,438 (166) (6.1) (106) (239) 399 (4,717.9) (595) (3,803) (461) (1,382) 385 (30) 347 (447) (6) (227) (953) (1,099) (1,376) 1,361 (3,187) 7,928 (603) (1,074) 461 526.3 640 (561) 3,670.7 1,274.3 (26.9) 3,501.9 0 0 (332.6) 3,501.9 281.7
Stock Repurchased 0 (328.2) (3) (13) (430) (13.5) (475.3) (132) (544) (842.1) 0 0 0 0 0 (143) (191) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 (8.5) (1,771) (2,136) 0 (40.1) (1,329.7) 0 (2,091) 0 0 0 0 0 0 (416) 0 0 0 0 0 (1) 0 0 (677) (653) 0 0 (658) (5) 0 0 0 (306.3) 0 0 0 (276.3) 0 0 (276.3)
Other Financing Activities (22.9) (1.1) (10) 2 (32) (40.9) (104.6) (734) (22) 4,891.2 (18) (21) (50) (19) 76 (12) (10) (152) (11) 42 (48) (84) (33) (12) (29) 655 (37) 20 3 (38.0) (98.3) 26.5 86.8 44.6 15.8 21.7 20.8 304.3 5.8 (3,500.5) 44.3
Financing Cash Flow 413.5 (1,129.4) (1,813) (709) (628) (100.6) (2,013.0) (1,105) (2,258) (697.1) (613) (3,824) 1,462 (1,401) 461 (601) 146 (598) (17) (185) (1,000) (410) 3,836 1,349 (3,893) 7,930 (638) (1,054) (194) 483.4 541.7 (534.5) 3,757.5 1,012.5 (11.1) 3,523.6 20.8 28.0 (326.7) 1.4 49.8
Cash Position
Net Change in Cash 2,081.7 3,401.2 (3,249) 2,210 781 (736.4) 55.8 1,501 (1,046) 1,594.8 (1,540) (2,516) 5,266 (131) 537 531 (992) (270) (847) 455 (1,287) (810) 2,833 1,592 (10,524) 9,548 386 (392) (427) 336.6 60.5 442.2 88.6 141.6 352.7 1,071.9 (859.5) 233.2 535.5 1,051.6 176.9
Cash at Beginning 10,372.6 7,137.5 10,515 8,305 7,524 8,259.9 7,877.6 6,664 7,710 6,106.4 7,836 10,352 5,086 5,217 4,680 4,149 5,141 5,411 6,258 5,803 7,090 7,900 5,067 3,475 13,999 4,451 4,065 4,457 4,884 4,547.4 4,486.9 4,044.7 3,956.1 3,333.1 2,980.4 2,376.0 3,235.0 3,001.8 2,466.4 1,414.8 1,237.8
Cash at End 12,454.3 10,538.7 7,266 10,515 8,305 7,524 7,940 8,165 6,664 7,701.2 6,296 7,836 10,352 5,086 5,217 4,680 4,149 5,141 5,411 6,258 5,803 7,090 7,900 5,067 3,475 13,999 4,451 4,065 4,457 4,884 4,547.4 4,486.9 4,044.7 3,474.7 3,333.1 3,447.9 2,375.5 3,235.0 3,001.8 2,466.4 1,414.8
Free Cash Flow 50.7 3,153.7 1,493 2,470 340 2,606.2 1,418.2 2,046.1 605 2,024.2 985 2,067 1,622 813 196 846 (1,346) 398 (154) 927 (1,507) (197) 687 173 (1,830) 520 617 860 (237) 262.1 564.6 978.0 49.2 282.8 675.5 657.1 (7.5) 329.7 506.3 553.3 141.6
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
Income Statement
Revenue 5,959.7 6,434.9 6,961 6,426 5,395 6,023 6,442 6,148 5,278 5,584 6,288 5,530 4,480 3,706 4,093 3,382 2,681 3,348 3,523 3,587 2,327 3,071 3,158 1,953 2,013 2,910 3,055 2,859 2,387 2,683 2,767.6 2,521.3 2,091.2 2,225.1 2,387.3 2,002.4 1,614.1 1,669.9 1,773.8 1,656.9 1,438.0 1,506.3 1,600.2 1,457.8 1,210.4 1,296.2 1,387.5 1,247.0 1,034.0 1,120.2 1,146.7 1,034.8 866.9 883.2 893.6 798.2 649.5 650.7 626.7 547.7 424.4 452.6 506.1 438.9 340.9 350.3 341.1 315.3 253.5
Gross Profit 2,309.9 2,568.1 2,899 2,674 1,791 2,138 2,643 2,417 1,713 1,588 2,675 2,048 1,230 276 1,048 410 (132) 154 638 848 (136) 323 688 (182) (364) 1,031 1,221 1,116 652 946 1,109.8 946.2 585.2 601.7 883.5 654.1 414.8 405.3 524.1 439.5 237.5 307.7 433.4 369.6 151.7 247.3 404.2 318.1 117.0 243.5 323.5 288.3 131.8 189.1 263.6 217.8 100.1 156.9 174.1 152.1 63.2 129.3 195 165.2 68.7 82.8 84.8 76.2 11.9
Operating Income 1,486.0 1,656.8 2,048 1,787 1,082 902 1,723 1,572 1,003 756 1,909 1,385 664 (93) 500 8 (708) 39 72 629 (575) (134) (201) (494) (857) 486 703 657 264 592 775 671 306 231.2 583.1 438.0 173.4 185.7 351.0 263.4 70.8 130.6 281.7 199.7 (10.8) 48.8 202.1 158.2 (19.8) 85.2 171.1 129.2 (4.9) 29.3 120.3 82.4 (12.3) 34.4 55.9 40.5 (23.6) 0 0 104.5 17.2 0 0 38.0 (31.7)
Net Income 812.1 1,156.8 1,469 1,544 894 49 1,273 1,067 659 743 1,337 1,015 990 (119.4) (717) (350) (630) (459) (137) 378 (248) 703 (212) (548) (2,135) 619 431 613 106 (419) 667.8 338.4 128.5 225.7 463.8 389.6 152.6 125.9 293.9 315.5 69.4 70.8 223.6 149.2 (7.0) 46.8 149.6 124.2 (13.3) 58.5 124.9 96.3 0.1 18.2 95.8 70.3 (9.4) 30.3 58.2 40.3 (14.0) 34.9 88.7 79.7 12.4 19.8 22.3 27.9 (27.5)
EPS (Diluted) 2.50 3.60 4.60 4.80 2.80 0.16 4.00 3.30 2.10 2.30 4.10 3.10 3.00 -0.40 -2.30 -1.10 -2.00 -1.50 -0.44 1.20 -0.80 2.10 -0.73 -1.90 -7.50 2.10 1.40 2.10 0.36 -1.50 2.20 1.10 0.44 0.77 1.60 1.40 0.53 0.44 1.00 1.10 0.25 0.28 0.87 0.58 -0.03 0.18 0.59 0.49 -0.05 0.23 0.50 0.39 0.07 0.39 0.29 -0.04 0.13 0.24 0.16 -0.06 0.15 0.38 0.32 0.06 -0.30 0.48 0.55 -0.51
Balance Sheet
Cash & Equivalents 12,454.3 10,538.7 7,103 10,145 8,184 7,474 7,247 7,801 5,909 6,946 5,767 7,316 8,963 3,583 5,177 4,642 4,125 5,116 5,385 6,201 5,745 7,026 6,577 3,699 1,800 3,234 4,013 3,346 3,840 4,262 3,927.6 4,146.5 3,547.5 3,474.7 3,333.1 2,980.4 2,375.5 3,235.0 3,001.8 2,466.4 1,414.8 1,285.4 258.4
Total Assets 63,923.4 64,815.2 63,552 64,779 61,559 62,552 62,039 62,452 61,444 63,532 62,762 63,112 64,972 61,507 61,387 61,821 61,871 63,269 63,873 64,601 62,205 65,798 65,736 61,343 59,678 52,983 43,687 43,689 42,891 23,993 23,391.2 21,468.8 21,140.6 17,427.4 15,779.4 15,003.5 9,953.4 9,993.4 9,690.5 9,524.0 8,926.2 2,720.6 1,598.0
Total Debt 35,625.5 36,092.0 37,161 37,769 35,124 35,445 36,050 36,032 36,093 35,880 38,371 39,934 43,592 43,887 45,085 44,587 44,380 44,162 44,557 44,341 43,450 44,980 46,845 48,303 46,789 38,161 30,105 30,578 31,014 9,760 9,239.8 8,274.3 8,527.8 5,052.6 3,716.7 3,820.8 296.7 298.3 287.1 616.7 600.9 69 69.5
Stockholders' Equity 10,906.1 12,812.2 11,880 12,153 10,495 12,177 12,132 12,582 12,276 12,135 14,358 13,001 11,749 8,729 8,680 9,361 9,716 10,935 11,358 11,492 11,060 11,330 9,859 4,736 5,200 7,379 7,386 6,987 6,403 6,174 7,203.9 6,666.5 6,468.6 6,198 6,290.0 6,029.0 5,580.2 5,399.6 5,249.6 4,929.1 4,651.2 2,001.0 964.3
Cash Flow
Operating Cash Flow 231.6 3,354.1 1,697 2,659 580 2,807.6 1,617.3 2,249.5 886 2,318.7 1,181 2,238 1,844 1,042 452 989 (921) 867 192 1,238 (957) 304 1,139 512 (1,346) 979 1,007 1,161 147 574.7 914.1 1,140.0 420.2 554.2 888.5 814.2 178.5 442.5 620.2 660.1 324.9
Capital Expenditure (180.9) (200.4) (204) (189) (240) (201.4) (199.0) (203.4) (281) (294.4) (196) (171) (222) (229) (256) (143) (425) (469) (346) (311) (550) (501) (452) (339) (484) (459) (390) (301) (384) (312.5) (349.5) (162.0) (371.0) (271.4) (212.9) (157.1) (185.9) (112.7) (113.8) (106.8) (183.3)
Free Cash Flow 50.7 3,153.7 1,493 2,470 340 2,606.2 1,418.2 2,046.1 605 2,024.2 985 2,067 1,622 813 196 846 (1,346) 398 (154) 927 (1,507) (197) 687 173 (1,830) 520 617 860 (237) 262.1 564.6 978.0 49.2 282.8 675.5 657.1 (7.5) 329.7 506.3 553.3 141.6