JD.com, Inc. logo JD - JD.com, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 32
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $35.25 DETAILS
HIGH: $43.00
LOW: $22.00
MEDIAN: $36.00
CONSENSUS: $35.25
UPSIDE: 15.50%
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
Revenue
Revenue 313,784.7 352,284 299,059 356,660 301,082 346,986 260,387 291,397 260,049 306,077 247,698 287,931 242,956 295,446 243,535 267,600 239,655 275,907.0 218,708 253,800 203,176 224,328.2 174,214.5 201,054.1 146,205.2 170,684.0 134,842.8 150,280.6 121,081.1 134,832.5 104,768.3 122,291.0 100,127.9 110,165.3 83,746.3 93,202.0 76,225.7 80,189.4 60,725.8 65,236.8 53,969.7 54,607.5 44,110.2 45,928.7 36,640.6 34,720.0 29,012.0 28,612.8 22,657.4 20,123.3 18,038.5 17,453.2 13,725 12,574.0
Cost of Revenue 261,349.7 363,392 270,587 300,020 253,234 313,990 231,622 245,459 220,699 262,575 208,947 263,177 222,309 270,772 221,693 231,706 206,209 238,785.4 187,616 222,071 174,054 193,185.8 147,419.4 172,418.6 123,669.7 146,685.8 114,728.6 128,155.6 102,897.4 115,660.7 88,658.8 105,777.1 85,969.6 95,805.4 70,763.5 80,554.2 63,990.0 67,941.2 51,078.0 55,466.7 46,212.9 46,798.5 38,015.7 40,019.2 32,175.0 30,309.8 25,468.0 25,457.6 20,396.0 18,082.6 16,263.4 15,899.9 13,095 11,425.6
Gross Profit 52,434.9 (11,108) 28,472 56,640 47,848 32,996 28,765 45,938 39,350 43,502 38,751 24,754 20,647 24,674 21,842 35,894 33,446 37,121.7 31,092 31,729 29,122 31,142.3 26,795.0 28,635.5 22,535.5 23,998.2 20,114.2 22,125.0 18,183.7 19,171.9 16,109.5 16,514.0 14,158.3 14,359.9 12,982.8 12,647.8 12,235.7 12,248.3 9,647.8 9,770.0 7,756.8 7,809.0 6,094.5 5,909.5 4,465.6 4,410.2 3,544.0 3,155.2 2,261.4 2,040.8 1,775.2 1,553.3 630 1,148.5
Operating Expenses
R&D Expenses 6,788.7 6,663 5,646 5,299 4,621 4,384 4,396 4,217 4,034 4,341 3,794 4,072 4,186 4,366 4,116 4,027 4,384 4,105.1 4,004 3,693 4,530 4,503.4 4,106.7 3,603.6 3,935.2 3,591.1 3,585.2 3,725.9 3,716.5 3,502.1 3,448.7 2,780.6 2,413.0 2,060.9 1,756.0 1,546.4 1,556.8 1,468.1 1,462.6 1,338.9 1,111.3 1,080.1 884.7 784.6 704.4 618.9 512.0 420.0 285.0 275.8 251.1 218.2 219 220.3
SG&A Expenses 41,862.3 28,865 24,040 30,279 12,749 19,287 12,325 13,999 11,089 15,487 25,654 13,421 10,506 15,630 10,227 28,109 26,653 17,100.1 10,819 13,173 9,212 12,401.1 7,056.9 8,227.0 5,880.1 9,697.2 5,788.1 6,977.4 5,261.5 16,608.7 13,289.2 14,767.3 11,740.8 13,895.2 10,724.3 11,504.4 9,835.8 11,285.9 8,601.4 8,789.3 7,510.4 8,225.3 5,877.0 5,848.0 4,583.8 4,547.4 3,438.7 3,523.2 5,828.1 2,027.6 1,606.0 1,567.4 413 1,306.2
Other Expenses 0 (40,787) (163) 21,921 19,945 834 0 17,221 16,527 21,649 0 (1,009) (472) (150) (1,229) 0 0 16,308.4 13,697 14,562 13,720 13,642.8 11,248.1 11,760.8 10,399.8 10,180.4 5,767.7 9,155.2 7,980.1 0 0 0 0 0 0 0 83.8 (24.5) 12.8 0 0 0 0 0 (44.6) 0 0 0 (38.6) (8.0) 0 0 0 2.8
Operating Expenses 48,651.0 (5,259) 29,523 57,499 37,315 24,505 16,721 35,437 31,650 41,477 29,448 16,484 14,220 19,846 13,114 32,136 31,037 37,513.6 28,520 31,428 27,462 30,547.4 22,411.7 23,591.4 20,215.1 23,468.7 15,141.0 19,858.5 16,958.1 20,110.8 16,737.9 17,547.9 14,153.9 15,956.1 12,480.4 13,050.8 11,392.6 12,754.0 10,064.0 10,128.2 8,621.7 9,305.4 6,761.7 6,632.6 5,288.2 5,166.4 3,950.7 3,943.2 6,113.1 2,295.0 1,857.1 1,785.6 652 1,517.1
Operating Income
Operating Income 3,784.0 (5,849) (1,051) (859) 10,533 8,491 12,044 10,501 7,700 2,025 9,303 8,270 6,427 4,828 8,728 3,758 2,409 (391.9) 2,572 301 1,660 594.9 4,383.3 5,044.1 2,320.4 529.5 4,973.2 2,266.6 1,225.6 (938.9) (650.7) (1,033.9) 4.4 (1,596.2) 502.4 (403.0) 843.1 (505.7) (416.2) (358.1) (864.9) (4,246.5) (667.2) (723.1) (822.6) (756.1) (406.6) (787.9) (3,851.7) (262.6) (82.0) (232.3) (2) (378.1)
Interest Expense 681.9 830 730 643 600 926 681 688 601 0 710 654 590 0 579 484 345 69.9 276.1 232.3 257.8 296.1 297.8 324.2 207.1 219.8 162.9 154.8 187.4 144.8 241.1 239.9 228.7 282.5 282.7 208.4 190.1 63.2 71.7 91.3 33.5 61.0 17.5 3.3 0.8 7.2 8.3 8.3 5.0 1.2 0 3.4 0 4.3
Interest Income 0 0 0 0 0 0 0 0 2,589 8,649 0 0 2,051 5,044 0 0 0 0.1 0 0 958.8 0 0 0 594.4 502.9 375.7 312.6 389.9 576.3 606.0 545.7 811.8 804.0 542.3 372.3 170.2 139.4 105.5 66.6 91.9 70.1 98.3 154.8 187.2 197.9 154.9 97.7 121.6 85.6 96.5 36 51.5
Profitability
EBITDA 6,430.9 2,262 8,888 9,445 16,232 12,389 6,273 18,238 11,883 7,382 13,304 8,988 7,915 7,541 9,036 7,453 (898) (3,118.2) (2,340) 1,280 4,380 24,245.9 8,573.7 17,533.8 1,590.7 896.6 3,371.9 1,287.4 9,379.8 (4,671.7) 3,169.6 (1,873.9) 1,856.9 1,267.9 1,314.1 (119.0) 558.4 (1,430.4) (234.4) 3.5 (814.1) (4,830.2) (301.2) (310.5) (712.4) (431.9) (149.8) (573.9) (3,792.6) (177.6) 75.5 (23.0) 44.4 (319.7)
EBIT 3,784.0 209 6,633 7,342 13,942 9,325 4,275 16,304 9,666 4,233 11,512 7,261 5,955 4,678 7,499 5,740 (2,570) (4,686.0) (2,340) 1,280 4,380 24,245.9 8,573.7 17,533.8 1,590.7 4,252.7 1,318.5 1,139.5 7,706.8 (4,671.7) 3,169.6 (1,873.9) 1,856.9 324.0 1,314.1 (119.0) 558.4 (2,061.4) (234.4) (157.7) (814.1) (7,580.3) (517.4) (509.2) (712.4) (431.9) (149.8) (573.9) (3,792.6) (111.4) 75.5 (23.0) (2) (297.8)
Income Before Tax 7,047.1 (1,351) 6,633 6,699 13,342 11,614 15,243 15,616 9,065 3,306 10,802 9,734 7,808 3,816 7,710 5,256 (2,915) (5,132.7) (2,616) 1,047 4,122 23,949.8 8,275.9 17,209.6 1,383.6 4,033.0 1,155.5 984.7 7,519.3 (4,816.5) 2,928.4 (2,113.8) 1,628.3 (951.3) 1,031.3 (327.4) 368.3 (1,179.2) (485.4) (87.8) (847.6) (7,371.2) (534.9) (512.5) (713.2) (438.7) (158.2) (582.2) (3,797.6) (112.6) 75 (26.4) 14 (302.1)
Income Tax Expense 1,252.4 (124) 252 (10) 2,063 750 2,406 2,022 1,700 1,394 2,579 2,811 1,609 595 1,751 1,227 603 185.7 653 569 480 (331.7) 690.4 796.5 326.4 479.1 604.9 438.8 279.6 61.0 51.6 163.3 151.0 13 53.2 (16.3) 89.7 100.6 2.2 44.3 19.7 9.2 (0.0) (2.1) (3.0) 15.8 6.2 0.4 (2.5) (2.6) (0.4) 1.9 1 3.0
Net Income 5,071.1 (2,713) 5,276 6,178 10,890 9,854 11,731 12,644 7,130 3,389 7,936 6,581 6,261 3,032 5,963 4,379 (2,991) (5,176.3) (2,802) 798 3,620 24,325.5 7,562.4 16,447.4 1,073.6 3,634.0 612.3 618.8 7,319.9 (4,804.7) 3,001.4 (2,212.5) 1,525.1 (909.2) 1,014.3 (287.0) 298.8 (1,261.4) (467.4) (252.3) (909.8) (7,356.5) (530.8) (510.4) (710.2) (1,948.3) (164.4) (7,046.3) (5,289.0) (384.8) 75.0 (484.2) 13 (1,062.7)
Per Share Data
EPS (Basic) 3.72 -1.80 3.72 4.34 7.52 6.78 8.04 8.40 4.56 2.16 5.04 4.18 3.98 1.92 3.82 2.80 -1.92 -3.32 -1.80 0.52 2.34 15.68 4.88 11.10 0.74 2.48 0.42 0.42 5.06 -3.32 2.08 -1.54 1.06 -0.64 0.72 -0.24 0.26 -1.12 -0.54 -0.08 -0.66 -5.38 -0.38 -0.38 -0.52 -0.34 -0.12 -0.48 -2.78 -0.08 0.06 -0.02 0.01 -0.22
EPS (Diluted) 3.54 -1.80 3.38 4.14 7.18 6.48 7.74 8.20 4.54 2.14 5.00 4.16 3.94 1.90 3.74 2.76 -1.92 -3.32 -1.76 0.50 2.26 15.18 4.74 10.82 0.72 2.44 0.42 0.42 4.96 -3.32 2.04 -1.54 1.04 -0.64 0.70 -0.24 0.26 -1.12 -0.54 -0.08 -0.66 -5.38 -0.38 -0.38 -0.52 -0.34 -0.12 -0.48 -2.78 -0.08 0.06 -0.02 0.01 -0.20
Shares Outstanding 1,370 1,423.5 1,560.9 1,420.5 1,449 1,525.4 1,458 1,506.5 1,563.2 1,573.5 1,573.5 1,571.5 1,569.5 1,568 1,564.5 1,560.5 1,558 1,555.4 1,553 1,553 1,553.5 1,551.5 1,548.2 1,480.6 1,463.3 1,461.6 1,459.9 1,456.8 1,447.0 1,447.6 1,446.7 1,434.4 1,427.2 1,424.6 1,423.8 1,422.7 1,418.6 1,417.1 1,439.6 1,381.6 1,371.2 1,368.3 1,367.9 1,367.6 1,366.3 1,362.4 1,362.2 1,202.8 1,367.1 1,367.1 1,424.6 1,424.6 1,423.5 1,422.4
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
Current Assets
Cash & Cash Equivalents 114,938.1 149,720.3 113,069 116,547 96,778 108,350 99,092 84,496 81,626 71,892 115,971 13,649.3 11,753.7 78,861 12,662.0 12,632.2 14,189.6 12,033.4 14,526.1 15,887.6 11,499.4 86,085 11,493.4 10,929.3 43,529.4 5,729.8 32,124.6 32,778.5 34,053.8 34,262.4 33,997.4 35,233.9 35,204.0 25,688.3 21,610.6 27,855.0 23,624.2 19,771.7 24,834.6 36,381.6 31,055.0
Short-Term Investments 99,929.4 75,792.2 85,203 97,291 97,385 125,645 91,801 117,406 90,371 118,254 126,382 19,837.6 17,817.6 141,095 18,113.9 18,257.8 15,149.7 17,975.5 15,837.9 11,677.3 9,682.7 60,577 7,106.9 6,888.6 29,364.5 3,532.0 24,466.0 24,562.2 4,221.3 2,035.6 5,172.4 12,752.5 11,944.1 8,587.9 16,058.8 12,739.8 5,193.5 7,173.6 6,845.1 3,350.1 52.2
Net Receivables 26,337.3 29,493.8 41,491 43,973 34,724 30,401 22,885 25,138 20,483 22,416 25,337 3,356.0 3,045.8 26,718 3,415.8 2,915.9 2,603.6 2,730.1 2,679.9 3,996.8 2,592.3 13,779 2,072.4 1,905.4 10,792.6 1,719.3 17,153.2 13,764.5 10,621.9 14,246.3 16,778.3 25,799.4 19,649.8 32,288.4 37,039.6 45,002.3 35,635.7 17,464.4 25,957.9 22,246.9 14,910.6
Inventory 102,884.3 101,348.5 100,999 103,537 95,434 89,326 72,883 70,644 67,994 68,058 64,638 9,105.9 9,635.4 77,949 10,649.1 11,736.3 11,542.0 12,483.2 10,026.9 10,774.0 9,655.6 58,933 8,880.2 8,028.8 50,584.7 8,401.9 48,265.4 45,520.9 38,236.0 44,030.1 39,855.2 43,402.6 36,164.0 41,700.4 36,310.1 31,149.4 26,860.5 28,909.4 22,602.7 23,989.8 20,393.2
Other Current Assets 19,211.0 18,304.6 38,502 26,642 26,769 25,357 24,441 22,429 21,210 24,437 21,892 2,121.4 2,148.2 22,613 2,315.8 2,855.9 2,112.5 1,797.3 1,620.4 1,865.2 1,288.5 11,659 924.2 1,294.3 8,715.3 585.5 6,932.7 10,030.5 7,528.9 7,087.8 13,284.2 14,270.2 9,509.2 6,369.1 11,953.4 13,582.6 24,889.6 26,418.9 11,263.1 4,865.9 4,349.9
Total Current Assets 363,300.1 374,659.4 379,264 394,033 357,230 386,698 311,102 322,201 284,072 307,810 357,608 48,070.2 44,400.7 351,074 47,156.6 48,398.0 45,597.4 47,019.5 44,691.2 44,201.0 34,718.5 234,801 30,477.1 29,046.3 144,552.1 19,968.5 129,603.2 127,456.6 95,068.1 104,855.8 109,534.2 131,789.6 112,995.7 115,028.7 123,648.5 130,942.5 117,762.7 106,932.1 93,221.7 92,176.7 71,667.7
Non-Current Assets
Property, Plant & Equipment 130,411.1 129,062.1 126,750 121,363 115,714 113,433 113,555 107,066 102,259 100,818 99,173 12,680.9 12,963.6 88,508 11,866.8 10,870.4 11,009.4 9,217.8 8,112.8 7,744.0 6,973.0 45,987 6,256.1 5,252.1 32,197.8 5,039.5 33,911.5 31,465.5 31,695.8 27,636.5 24,623.6 20,890.0 17,117.5 15,770.7 12,829.4 10,779.2 9,507.1 9,389.2 8,807.9 8,530.8 7,998.0
Goodwill 26,192.8 26,307.7 27,594 25,709 25,709 25,709 21,729 21,729 19,980 19,980 23,123 3,183.2 3,364.9 23,123 3,260.8 2,772.5 2,926.0 1,950.8 1,918.1 1,905.2 1,773.9 10,904 1,604.5 1,310.7 6,643.7 953.8 6,643.7 6,643.7 6,643.7 6,643.7 6,816.9 6,823.8 6,650.6 6,650.6 6,533.9 6,533.9 6,541.7 6,541.7 6,541.7 6,541.7 29.1
Intangible Assets 7,425.2 7,727.9 44,878 44,429 44,330 44,626 44,691 45,122 45,272 46,498 46,131 1,162.0 1,280.3 42,987 1,334.8 1,121.4 1,230.8 915.8 940.8 975.6 962.5 17,588 989.7 623.3 14,392.9 590.0 14,809.2 14,669.4 14,603.9 15,487.4 15,166.0 13,166.5 13,302.8 13,743.5 13,823.6 9,908.3 10,481.5 10,901.8 11,107.2 11,574.8 6,957.8
Long-Term Investments 103,636.5 103,884.1 120,989 109,622 123,893 116,220 142,373 141,971 135,421 137,586 62,686 8,899.6 9,836.8 69,252 10,437.7 11,011.5 11,379.9 12,956.1 13,816.6 14,395.7 14,752.3 97,586 11,744.4 10,548.4 57,553.4 8,181.9 54,283.9 55,137.3 53,057.5 47,258.2 50,113.2 38,717.5 30,934.7 28,579.1 19,416.5 17,871.9 15,499.7 15,235.0 17,500.7 12,685.8 9,537.6
Other Non-Current Assets 46,580.4 48,762.0 14,054 8,902 8,556 9,089 8,453 11,954 13,106 14,522 27,139 8,935.5 8,128.7 18,770 7,479.6 8,379.8 8,414.7 5,669.2 5,138.6 4,368.0 4,041.5 14,889 3,864.0 3,024.4 10,275.3 2,540.7 6,493.6 10,031.7 13,156.7 7,180.1 7,151.2 7,119.9 4,175.7 4,124.1 2,281.3 2,739.0 3,991.5 3,315.7 2,123.0 4,729.2 2,296.9
Total Non-Current Assets 319,860.9 320,984.3 334,265 312,906 320,632 311,536 332,457 329,435 317,750 321,148 259,785 35,068.6 35,786.7 244,176 34,573.0 34,315.8 35,149.4 30,884.1 30,059.0 29,487.1 28,591.8 187,487 24,481.4 20,780.6 121,143.7 17,317.6 116,228.8 118,034.5 119,260.8 104,309.1 104,005.1 86,850.0 72,318.6 69,026.3 56,781.0 49,728.5 52,975.7 53,441.4 50,988.3 44,062.2 26,819.3
Total Assets 683,161.0 695,643.7 713,529 706,939 677,862 698,234 643,559 651,636 601,822 628,958 617,393 83,138.7 80,187.4 595,250 81,729.6 82,713.8 80,746.8 77,903.6 74,750.2 73,688.1 63,310.3 422,288 54,958.5 49,826.9 265,695.7 37,286.1 245,832.0 245,491.1 214,329.0 209,164.9 213,539.4 218,639.7 185,314.3 184,055.0 180,429.6 180,671.0 170,738.4 160,373.5 144,210.0 136,238.9 98,487.0
Current Liabilities
Account Payables 186,515.8 188,499.0 190,052 211,711 176,736 158,514 162,500 182,247 146,831 166,167 153,563 20,926.5 17,670.9 160,607 21,241.0 23,890.8 19,746.3 22,042.4 19,566.6 19,804.6 14,812.9 106,818 15,461.6 14,165.7 76,485.1 12,982.0 86,449.8 93,393.2 71,369.5 79,985.0 78,164.2 87,499.0 62,218.0 74,337.7 67,596.4 67,477.6 43,747.4 46,035.9 41,475.3 38,913.0 30,837.5
Short-Term Debt 21,139.8 20,937.3 20,609 15,232 4,230 7,581 9,684 5,601 5,267 5,034 13,740 3,565.0 3,237.0 12,146 3,615.2 3,079.5 3,757.9 1,783.4 2,078.6 1,025.2 1,521.0 3,260 1,659.8 2,322.7 8,601.8 516.4 0 137.5 1,869.6 4,544.9 9,576.1 11,858.3 13,514.3 12,884.9 12,302.8 12,181.1 20,243.9 17,722.5 13,710.5 10,754.4 7,473.7
Deferred Revenue 41,673.8 39,116.9 0 35,904 36,221 27,296 34,522 34,723 32,242 33,722 35,340 4,697.8 4,699.3 37,064 4,915.4 5,300.8 5,605.3 5,109.4 4,656.3 4,565.9 3,910.2 24,417 3,690.3 3,225.9 20,266.1 2,785.8 18,464.6 17,621.6 15,619.6 14,998.1 14,774.2 13,839.7 13,316.7 15,197.6 16,684.9 16,199.5 13,759.6 12,854.6 11,260.5 10,747.5 8,918.0
Other Current Liabilities 54,511.7 50,701.3 50,054 25 65 79,835 0 0 262 26,214 0 5,520.7 6,493.2 23,769 5,681.3 5,500.9 5,208.0 4,120.0 4,934.4 4,776.1 4,235.6 19,182 4,142.9 4,236.9 14.7 2,804.2 16,883.3 364.1 378.7 14,657.0 14,774.2 13,839.7 13,316.7 10,821.6 16,684.9 16,199.5 0 25,275.1 914.4 938.2 0.9
Total Current Liabilities 307,872.9 306,266.9 316,549 322,632 284,129 299,521 265,553 280,227 246,099 265,650 262,438 35,751.1 32,623.1 266,561 36,147.9 38,164.7 34,526.7 34,775.4 31,594.6 30,475.5 24,750.0 174,017 25,342.2 24,306.8 136,597.5 20,100.9 132,772.6 140,080.3 114,943.2 120,862.0 121,693.9 133,372.5 106,868.7 118,250.6 110,300.2 109,530.1 110,969.5 104,740.2 88,696.3 74,410.3 55,404.6
Non-Current Liabilities
Long-Term Debt 62,422.0 62,512.8 59,962 56,595 56,250 56,475 53,847 56,781 42,589 41,966 32,741 4,414.1 4,269.0 30,233 4,035.0 3,683.6 2,460.8 1,472.7 1,933.2 1,920.9 1,925.6 12,530 1,936.3 1,921.1 17,131.5 1,443.0 10,187.3 9,898.4 9,691.5 9,874.6 9,894.0 9,817.5 7,227.0 10,922.6 15,602.3 17,532.9 13,457.5 10,908.6 10,235.4 12,532.6 3,991.8
Deferred Tax Liabilities 7,976.1 8,024.1 0 8,388 8,440 0 9,148 9,102 9,095 9,267 8,131 993.0 923.2 6,511 883.5 754.2 804.7 297.6 301.7 309.8 283.1 1,922 297.5 197.7 1,277.4 192.2 1,116.6 0 0 828.5 868.6 885.0 874.3 882.2 860.8 876.3 891.8 907.4 0 0 (6,655.4)
Other Non-Current Liabilities 1,153.7 1,146.7 9,977 926 797 10,835 909 904 979 1,055 1,493 219.8 243.9 1,737 199.5 239.0 273.7 280.2 348.3 372.6 47.6 332 23.1 26.1 206.8 32.4 250.6 3,543.2 1,653.4 308.5 1,827.1 2,056.9 2,274.2 2,493.0 2,701.5 2,953.7 3,241.2 440.7 2,962.6 3,187.8 2,487.5
Total Non-Current Liabilities 95,606.6 95,406.7 92,560 87,018 85,062 85,416 81,261 83,459 67,760 66,928 58,671 7,838.1 7,690.8 54,566 7,346.1 6,915.9 5,887.3 4,406.9 4,600.9 4,613.5 4,065.6 26,652 3,909.7 3,467.3 25,854.0 2,739.5 19,341.8 17,394.3 15,673.9 11,474.7 11,721.1 11,874.4 9,501.2 13,415.6 18,303.8 20,486.5 16,698.7 14,413.5 13,198.1 15,720.4 6,479.3
Total Liabilities 403,479.5 401,673.6 409,109 409,650 369,191 384,937 346,814 363,686 313,859 332,578 321,109 43,589.2 40,313.9 321,127 43,494.0 45,080.6 40,414.0 39,182.4 36,195.5 35,089.0 28,815.6 200,669 29,251.9 27,774.1 162,451.5 22,840.4 152,114.4 157,474.6 130,617.1 132,336.7 133,415.1 145,246.9 116,369.8 131,666.3 128,604.0 130,016.6 127,668.2 119,153.7 101,894.4 90,130.6 61,883.9
Stockholders' Equity
Common Stock 0 0 231,933 227,160 234,322 0 228,611 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0.1 0.4 69,837.5 66,626.8 0.4 63,953.7 58,257.3 54,199.7 0.4 51,496.5 50,354.7 0.4 0.4 0.4 0.4 0.4
Retained Earnings 0 0 0 0 0 83,261 0 0 42,916 44,051 0 0 0 29,304 0 0 0 5,304.1 0 0 0 37,418 0 0 (9,380.7) (1,710.2) (15,487.9) 0 0 (24,038.1) 0 0 0 (22,234.6) 0 0 (21,482.1) (21,860.3) (20,466.4) (19,678.6) (19,600.7)
Accumulated Other Comprehensive Income 0 0 0 0 0 1,421 0 0 6,872 7,012 0 0 0 2,514 0 0 0 (706.7) 0 0 0 (2,015) 0 0 4,902.4 807.1 6,320.9 0 0 4,759.5 0 0 0 2,478.0 0 0 1,768.7 1,676.3 1,434.0 995.3 564.9
Total Stockholders' Equity 215,677.5 225,183.3 231,933 227,160 234,322 239,347 228,611 220,764 222,380 231,858 230,094 30,532.0 30,778.6 213,366 29,919.2 30,072.7 32,553.5 32,778.8 33,319.3 33,546.5 28,782.9 187,543 22,106.5 19,273.9 84,289.9 11,751.3 75,894.9 69,837.5 66,626.8 59,771.0 63,953.7 58,257.3 54,199.7 52,040.8 51,496.5 50,354.7 35,615.4 33,892.9 35,264.1 39,170.5 29,803.5
Total Liabilities & Equity 683,161.0 695,643.7 713,529 706,939 677,862 698,234 643,559 651,636 601,822 628,958 617,393 83,138.7 80,187.4 595,250 81,729.6 82,713.8 80,746.8 77,903.6 74,750.2 73,688.1 63,310.3 422,288 54,958.5 49,826.9 265,695.7 37,286.1 245,832.0 245,491.1 214,329.0 209,164.9 213,539.4 218,639.7 185,314.3 184,055.0 180,429.6 180,671.0 170,738.4 160,373.5 144,210.0 136,238.9 98,487.0
Debt Metrics
Total Debt 107,616.6 107,173.2 112,089 100,792 87,432 89,768 87,998 86,190 69,979 68,431 69,858 10,041.4 9,615.0 65,045 9,734.6 8,825.4 8,379.7 5,408.9 5,819.7 4,721.4 5,011.3 31,553 4,987.6 5,303.0 34,465.8 2,752.3 19,319.7 16,834.4 18,564.4 14,419.5 19,470.1 21,675.7 20,741.3 23,807.5 27,905.1 29,714.0 33,701.4 28,631.2 23,945.9 23,286.9 11,465.5
Net Debt (7,321.6) (42,547.1) (980) (15,755) (9,346) (18,582) (11,094) 1,694 (11,647) (3,461) (46,113) (3,607.9) (2,138.7) (13,816) (2,927.4) (3,806.8) (5,809.9) (6,624.5) (8,706.4) (11,166.2) (6,488.2) (54,532) (6,505.8) (5,626.3) (9,063.6) (2,977.5) (12,805.0) (15,944.1) (15,489.3) (19,842.9) (14,527.3) (13,558.2) (14,462.7) (1,880.9) 6,294.4 1,859.0 10,077.3 8,859.5 (888.7) (13,094.7) (19,589.5)
Metric 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
Operating Activities
Net Income 798 5,276 6,178 10,890 9,854 11,731 12,644 7,365 3,389 7,936 6,581 6,261 3,032 5,963 4,379 (2,991) (5,165) 0 0 3,617 24,325.2 7,560.3 16,446.6 1,072.8 3,553.8 612.3 618.8 7,319.9 (4,803.9) 3,001.4 (2,211.7) 1,525.1 (909.2) 1,014.3 (354.5) 378.2 (1,586.7) (787.8) (121.1) (866.6) (7,626.6)
Depreciation & Amortization 5,025 2,255 2,103 364 0 1,998 1,934 2,217 3,149 2,101 1,727 1,960 2,875 1,867 1,713 1,672 2,284 0 0 1,669 1,699.0 1,521.1 296.9 1,405.6 1,409.3 1,385.8 147.9 1,673.1 5,560.0 3,048.9 450.1 446.3 4,192.7 446.4 442.6 439.6 2,259.1 447.8 0 353.1 2,619.1
Stock-Based Compensation 1,144 1,158 1,657 767 0 778 666 759 980 1,373 977 1,474 2,136 1,984 1,577 1,851 3,015 0 0 1,698 1,494.7 1,051.5 633.2 976.5 1,031.4 1,024.7 1,020.9 618.0 3,660.0 1,051.1 937.8 634.1 2,780.1 734.2 747.2 536.2 615.8 556.8 578.8 426.5 1,193.9
Change in Working Capital (7,043) 0 0 0 (24,851) 0 0 (22,388) 13,650 0 0 15,215 (2,842) 0 0 0 (21,058) 0 0 0 2,916 0 0 0 (2,589.5) 0 0 6,425.9 (9,209.6) 5,772.9 0 0 (6,751.8) 0 0 0 (14,271.2) 0 0 0 (3,770.4)
Other Non-Cash Items 25,697 (16,724) 14,471 (30,283) 39,888 (20,726) 35,494 732 (1,555) 3,594 37,226 (46,520) 13,285 (663) 25,998 (4,017) 27,396 14,448 28,890 (14,493) (25,221.7) 2,122.7 9,240.8 (4,997.4) (3,630.2) 649.9 19,573.3 (3,996.6) 10,832.0 (788.7) 18,625.3 (5,298.0) 4,792.5 (1,259.0) 17,148.6 4,010.4 (1,396.8) 7,378.2 2,308.4 3,224.1 5,221.5
Operating Cash Flow 20,879 (8,035) 24,409 (18,262) 24,891 (6,219) 50,738 (11,315) 19,613 15,004 46,511 (21,607) 18,486 9,151 33,667 (3,485) 6,472 14,448 28,890 (7,509) 5,213.3 12,255.7 26,617.5 (1,542.5) 3.7 1,262.1 20,192.2 3,323.3 6,028.1 2,212.7 16,413.6 (3,772.9) 3,883.3 (244.7) 16,794.1 4,388.6 (2,983.4) 6,590.5 2,187.3 2,357.4 (2,405.1)
Investing Activities
Capital Expenditure (6,233) (2,596) (3,032) (2,323) (5,950) (5,358) (3,321) (2,880) (8,689) (4,993) (3,607) (3,213) (5,493) (5,306) (5,460) (3,578) (2,949) (6,967) (2,659) (3,459) (4,094.6) (1,951.4) (2,865.2) 0 (2,344.8) (658.6) (1,476.7) (972.7) (4,235.5) (8,623.9) (4,744.0) (3,766.1) (2,189.9) (7,197.4) (1,305.1) (672.9) (1,522.2) (994.7) (1,112.1) (1,042.0) (1,614.0)
Acquisitions 841 0 0 0 0 0 0 70 0 0 0 0 (15,684) 0 0 0 (321) 0 0 0 671 0 2,100 0 (789.9) 0 0 0 0 (19.6) 0 0 (160.7) 0 0 0 (615.8) 0 0 0 (290.3)
Purchases of Investments (80,253) 0 0 0 0 0 0 (24,311) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (106.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (6,161.4)
Sales/Maturities of Investments 136,521 0 0 0 0 0 0 55,311 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 351.7 0 0 0 0 0 0 0 139.8 0 0 0 0 0 0 0 17,235.2
Other Investing Activities (33,741) 2,442 11,250 18,559 (12,483) 27,083 (35,206) 224 (54,383) 19,957 (24,520) 19,599 3,269 (4,448) (25,466) 8,140 (15,515) (22,790) (15,415) (4,172) (10,282.2) (10,567.4) (22,624.7) (8,196.4) 5,073.9 (5,011.7) (19,551.8) (130.3) 2,047.4 6,021.3 (15,603.1) 2,824.9 6,258.8 3,018.9 (27,734.2) (7,815.9) (13,035.7) (20,031.0) (10,085.5) 169.7 (13,525.6)
Investing Cash Flow 17,532 (154) 8,218 16,236 (12,483) 21,725 (38,527) 28,414 (63,072) 14,964 (28,127) 16,692 (17,908) (9,754) (30,926) 4,562 (18,785) (29,757) (18,074) (7,631) (13,705.8) (12,518.9) (23,390.0) (8,196.4) 2,452.4 (5,670.3) (21,028.5) (1,103.0) (2,188.1) (2,602.6) (20,347.2) (941.1) 4,208.6 (4,178.5) (29,039.4) (8,488.8) (14,557.8) (21,025.7) (11,197.5) (872.3) (4,356.1)
Financing Activities
Net Debt Issuance 10,268 0 0 0 0 0 0 904 0 0 0 1,594 0 0 0 0 0 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 (21,430) 0 0 0 (25,912) 0 0 (8,363) (2,497) 0 0 (1,052) (1,823) 0 0 0 (5,246) 0 0 0 (312) 0 0 0 0 0 0 (131.0) (205.9) 0 0 0 0 0 0 0 (5,338.3) 0 0 0 0
Dividends Paid (10,379) 0 0 0 (8,263) 0 0 0 (6,741) 0 0 0 (13,087) 0 0 0 0 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 6,503 8,004 (12,439) (7,288) 31,391 (1,806) (8,969) 14 8,493 (4,486) (1,832) 713 10,675 4,029 (11,309) 12,695 1,819 6,078 17,443 (592) 23,725.0 4,118.0 28,454.6 15,086.4 3,087.9 2,489.6 (449.0) (2,556.0) (3,920.9) (2,995.3) 4,829.0 13,307.1 (3,801.1) (1,546.1) 16,592.9 7,989.4 12,186.5 2,859.9 13,891.4 11,761.7 3,075.3
Financing Cash Flow (15,005) 8,004 (12,439) (7,288) (2,784) (1,806) (8,969) (7,445) (745) (4,486) (1,832) 1,255 (4,235) 4,029 (11,309) 12,695 (3,427) 6,078 17,443 (592) 23,413.0 4,118.0 28,454.6 15,086.4 3,087.9 2,489.6 (449.0) (2,556.0) (3,920.9) (2,995.3) 4,829.0 13,307.1 (3,801.1) (1,546.1) 16,592.9 7,989.4 12,186.5 2,859.9 13,891.4 11,761.7 3,075.3
Cash Position
Net Change in Cash 24,290 (822) 20,100 (9,659) 10,762 12,909 3,125 9,521 (44,417) 24,719 18,379 (4,386) (4,633) 5,225 (5,442) 13,313 (17,177) (8,920) 27,291 (15,136) 11,948.8 1,194.8 31,622.2 5,956.9 5,153.1 (1,114.2) (869.7) (758.9) (211.4) (2,310.6) 2,087.0 8,138.5 4,077.7 (6,244.4) 4,230.8 3,852.5 (5,062.9) (11,547.0) 5,326.6 13,191.1 (3,457.7)
Cash at Beginning 125,335 126,157 106,057 115,716 104,956 92,047 88,922 79,398 123,868 99,149 80,770 85,115 89,789 84,564 90,006 76,693 93,870 102,790 75,499 90,635 78,686.2 77,491.4 45,869.2 39,912.3 34,759.2 35,873.5 36,743.2 37,502.1 37,713.5 40,024.1 37,937.0 29,798.5 21,610.6 27,855.0 23,624.2 19,771.7 24,834.6 36,381.6 31,055.0 17,863.9 21,321.6
Cash at End 149,625 125,335 126,157 106,057 115,716 104,956 92,047 88,919 79,451 123,868 99,149 80,770 85,156 89,789 84,564 90,006 76,693 93,870 102,790 75,499 90,635 78,686.2 77,491.4 45,869.2 39,912.3 34,759.2 35,873.5 36,743.2 37,502.1 37,713.5 40,024.1 37,937.0 25,688.3 21,610.6 27,855.0 23,624.2 19,771.7 24,834.6 36,381.6 31,055.0 17,863.9
Free Cash Flow 14,646 (10,631) 21,377 (20,585) 18,941 (11,577) 47,417 (14,195) 10,924 10,011 42,904 (24,820) 12,993 3,845 28,207 (7,063) 3,523 7,481 26,231 (10,968) 1,118.7 10,304.2 23,752.3 (1,542.5) (2,341.1) 603.5 18,715.5 2,350.5 1,792.6 (6,411.2) 11,669.5 (7,539.0) 1,693.4 (7,442.1) 15,488.9 3,715.7 (4,505.6) 5,595.7 1,075.2 1,315.4 (4,019.1)
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
Income Statement
Revenue 313,784.7 352,284 299,059 356,660 301,082 346,986 260,387 291,397 260,049 306,077 247,698 287,931 242,956 295,446 243,535 267,600 239,655 275,907.0 218,708 253,800 203,176 224,328.2 174,214.5 201,054.1 146,205.2 170,684.0 134,842.8 150,280.6 121,081.1 134,832.5 104,768.3 122,291.0 100,127.9 110,165.3 83,746.3 93,202.0 76,225.7 80,189.4 60,725.8 65,236.8 53,969.7 54,607.5 44,110.2 45,928.7 36,640.6 34,720.0 29,012.0 28,612.8 22,657.4 20,123.3 18,038.5 17,453.2 13,725 12,574.0
Gross Profit 52,434.9 (11,108) 28,472 56,640 47,848 32,996 28,765 45,938 39,350 43,502 38,751 24,754 20,647 24,674 21,842 35,894 33,446 37,121.7 31,092 31,729 29,122 31,142.3 26,795.0 28,635.5 22,535.5 23,998.2 20,114.2 22,125.0 18,183.7 19,171.9 16,109.5 16,514.0 14,158.3 14,359.9 12,982.8 12,647.8 12,235.7 12,248.3 9,647.8 9,770.0 7,756.8 7,809.0 6,094.5 5,909.5 4,465.6 4,410.2 3,544.0 3,155.2 2,261.4 2,040.8 1,775.2 1,553.3 630 1,148.5
Operating Income 3,784.0 (5,849) (1,051) (859) 10,533 8,491 12,044 10,501 7,700 2,025 9,303 8,270 6,427 4,828 8,728 3,758 2,409 (391.9) 2,572 301 1,660 594.9 4,383.3 5,044.1 2,320.4 529.5 4,973.2 2,266.6 1,225.6 (938.9) (650.7) (1,033.9) 4.4 (1,596.2) 502.4 (403.0) 843.1 (505.7) (416.2) (358.1) (864.9) (4,246.5) (667.2) (723.1) (822.6) (756.1) (406.6) (787.9) (3,851.7) (262.6) (82.0) (232.3) (2) (378.1)
Net Income 5,071.1 (2,713) 5,276 6,178 10,890 9,854 11,731 12,644 7,130 3,389 7,936 6,581 6,261 3,032 5,963 4,379 (2,991) (5,176.3) (2,802) 798 3,620 24,325.5 7,562.4 16,447.4 1,073.6 3,634.0 612.3 618.8 7,319.9 (4,804.7) 3,001.4 (2,212.5) 1,525.1 (909.2) 1,014.3 (287.0) 298.8 (1,261.4) (467.4) (252.3) (909.8) (7,356.5) (530.8) (510.4) (710.2) (1,948.3) (164.4) (7,046.3) (5,289.0) (384.8) 75.0 (484.2) 13 (1,062.7)
EPS (Diluted) 3.54 -1.80 3.38 4.14 7.18 6.48 7.74 8.20 4.54 2.14 5.00 4.16 3.94 1.90 3.74 2.76 -1.92 -3.32 -1.76 0.50 2.26 15.18 4.74 10.82 0.72 2.44 0.42 0.42 4.96 -3.32 2.04 -1.54 1.04 -0.64 0.70 -0.24 0.26 -1.12 -0.54 -0.08 -0.66 -5.38 -0.38 -0.38 -0.52 -0.34 -0.12 -0.48 -2.78 -0.08 0.06 -0.02 0.01 -0.20
Balance Sheet
Cash & Equivalents 114,938.1 149,720.3 113,069 116,547 96,778 108,350 99,092 84,496 81,626 71,892 115,971 13,649.3 11,753.7 78,861 12,662.0 12,632.2 14,189.6 12,033.4 14,526.1 15,887.6 11,499.4 86,085 11,493.4 10,929.3 43,529.4 5,729.8 32,124.6 32,778.5 34,053.8 34,262.4 33,997.4 35,233.9 35,204.0 25,688.3 21,610.6 27,855.0 23,624.2 19,771.7 24,834.6 36,381.6 31,055.0
Total Assets 683,161.0 695,643.7 713,529 706,939 677,862 698,234 643,559 651,636 601,822 628,958 617,393 83,138.7 80,187.4 595,250 81,729.6 82,713.8 80,746.8 77,903.6 74,750.2 73,688.1 63,310.3 422,288 54,958.5 49,826.9 265,695.7 37,286.1 245,832.0 245,491.1 214,329.0 209,164.9 213,539.4 218,639.7 185,314.3 184,055.0 180,429.6 180,671.0 170,738.4 160,373.5 144,210.0 136,238.9 98,487.0
Total Debt 107,616.6 107,173.2 112,089 100,792 87,432 89,768 87,998 86,190 69,979 68,431 69,858 10,041.4 9,615.0 65,045 9,734.6 8,825.4 8,379.7 5,408.9 5,819.7 4,721.4 5,011.3 31,553 4,987.6 5,303.0 34,465.8 2,752.3 19,319.7 16,834.4 18,564.4 14,419.5 19,470.1 21,675.7 20,741.3 23,807.5 27,905.1 29,714.0 33,701.4 28,631.2 23,945.9 23,286.9 11,465.5
Stockholders' Equity 215,677.5 225,183.3 231,933 227,160 234,322 239,347 228,611 220,764 222,380 231,858 230,094 30,532.0 30,778.6 213,366 29,919.2 30,072.7 32,553.5 32,778.8 33,319.3 33,546.5 28,782.9 187,543 22,106.5 19,273.9 84,289.9 11,751.3 75,894.9 69,837.5 66,626.8 59,771.0 63,953.7 58,257.3 54,199.7 52,040.8 51,496.5 50,354.7 35,615.4 33,892.9 35,264.1 39,170.5 29,803.5
Cash Flow
Operating Cash Flow 20,879 (8,035) 24,409 (18,262) 24,891 (6,219) 50,738 (11,315) 19,613 15,004 46,511 (21,607) 18,486 9,151 33,667 (3,485) 6,472 14,448 28,890 (7,509) 5,213.3 12,255.7 26,617.5 (1,542.5) 3.7 1,262.1 20,192.2 3,323.3 6,028.1 2,212.7 16,413.6 (3,772.9) 3,883.3 (244.7) 16,794.1 4,388.6 (2,983.4) 6,590.5 2,187.3 2,357.4 (2,405.1)
Capital Expenditure (6,233) (2,596) (3,032) (2,323) (5,950) (5,358) (3,321) (2,880) (8,689) (4,993) (3,607) (3,213) (5,493) (5,306) (5,460) (3,578) (2,949) (6,967) (2,659) (3,459) (4,094.6) (1,951.4) (2,865.2) 0 (2,344.8) (658.6) (1,476.7) (972.7) (4,235.5) (8,623.9) (4,744.0) (3,766.1) (2,189.9) (7,197.4) (1,305.1) (672.9) (1,522.2) (994.7) (1,112.1) (1,042.0) (1,614.0)
Free Cash Flow 14,646 (10,631) 21,377 (20,585) 18,941 (11,577) 47,417 (14,195) 10,924 10,011 42,904 (24,820) 12,993 3,845 28,207 (7,063) 3,523 7,481 26,231 (10,968) 1,118.7 10,304.2 23,752.3 (1,542.5) (2,341.1) 603.5 18,715.5 2,350.5 1,792.6 (6,411.2) 11,669.5 (7,539.0) 1,693.4 (7,442.1) 15,488.9 3,715.7 (4,505.6) 5,595.7 1,075.2 1,315.4 (4,019.1)