PagSeguro Digital Ltd. logo PAGS - PagSeguro Digital Ltd.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 15
HOLD 8
SELL 1
STRONG
SELL
0
| PRICE TARGET: $12.18 DETAILS
HIGH: $14.00
LOW: $7.70
MEDIAN: $13.50
CONSENSUS: $12.18
UPSIDE: 33.26%
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 2016 Q4 2016 Q3 2016 Q2
Revenue
Revenue 4,692.5 5,304.7 4,915.8 4,890.9 4,711.2 5,002.7 4,704.7 4,425.1 4,201.3 4,273.5 3,960.6 3,761.0 3,685.2 3,918.7 3,989.3 3,865.8 3,385.4 3,192.6 2,729.9 2,334.7 2,042.0 2,084.6 1,756.7 1,315.7 1,529.1 1,578.0 1,432.1 1,359.6 1,211.1 1,226.5 1,080.8 937.3 811.7 826.4 686.1 554.7 378.5 294.2 314.2
Cost of Revenue 2,288.1 2,582.0 2,395.7 2,410.8 2,360.2 2,585.1 2,455.4 2,332.2 2,170.7 2,243.9 2,033.3 1,926.1 1,929.3 1,969.1 1,862.2 1,900.3 1,739.4 1,832.8 1,502.0 1,295.0 1,146.1 1,153.1 1,057.2 793.3 768.6 775.7 684.3 684.4 617.8 666.5 550.6 482.8 444.8 406.0 348.5 327.0 188.5 180.2 123.6
Gross Profit 2,404.4 2,722.7 2,520.2 2,480.2 2,351.0 2,417.6 2,249.3 2,092.9 2,030.6 2,029.6 1,927.3 1,834.9 1,755.9 1,949.6 2,127.1 1,965.5 1,646.0 1,359.9 1,227.9 1,039.7 895.9 931.4 699.5 522.4 760.4 802.4 747.9 675.2 593.3 559.9 530.2 454.5 366.9 420.4 337.5 227.7 190.0 114 190.6
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 0 164.3 0 0 0 90.1 0 0 0 96.3 0 0 0 0 0 0 0 0 0
SG&A Expenses 652.6 652.2 633.8 679.0 666.1 724.8 755.5 683.6 668.0 563.8 584.6 524.8 489.3 549.6 716.2 703.0 646.0 613.7 640.9 589.7 557.2 352.4 348.7 205.5 274.8 277.1 299.1 241.5 174.8 172.1 254.8 203.6 302.6 107.1 100.1 88.1 123.9 39.4 60.1
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 86.5
Operating Expenses 652.6 652.2 633.8 679.0 666.1 724.8 755.5 683.6 668.0 563.8 584.6 524.8 489.3 549.6 716.2 703.0 646.0 613.7 640.9 589.7 557.2 516.7 348.7 205.5 274.8 367.2 299.1 241.5 174.8 268.4 254.8 203.6 302.6 107.1 100.1 88.1 123.9 39.4 146.6
Operating Income
Operating Income 1,751.8 2,070.5 1,886.4 1,801.1 1,685.0 1,692.8 1,493.8 1,409.3 1,362.6 1,465.8 1,342.7 1,310.1 1,266.7 1,400.1 1,411.0 1,262.5 1,000.0 746.2 587.0 450.1 338.7 414.8 350.8 317.0 485.6 435.2 448.7 433.6 418.6 291.6 275.4 250.9 64.3 313.3 237.4 139.6 66.1 74.6 44.0
Interest Expense 1,315.0 1,397.4 1,395.0 1,025.3 1,177.8 1,091.8 837.5 764.0 827.1 841.0 819.9 160.7 156.6 162.6 175.5 153.3 118.7 72.1 40.1 25.3 8.1 5.5 3.0 17.9 12.7 3.0 6.5 2.2 5.8 22.6 7.2 2.8 3.4 36.1 332.5 21.0 26.3 195.1 0
Interest Income 0 0 189.6 167.2 138.9 112.3 2,444.8 131.7 105.1 73.1 65.6 0 0 0 0 0 0 0 0 0 0 0.9 224.2 1.7 16.5 0 4.6
Profitability
EBITDA 2,205.0 2,536.3 2,489.3 2,093.4 2,196.7 2,113.2 1,902.2 1,732.9 1,729.5 1,827.4 1,689.2 1,635.7 1,584.1 1,689.8 1,705.4 1,543.0 1,249.0 957.3 790.3 631.6 497.0 637.9 445.2 470.0 543.1 578.5 477.9 454.9 441.4 417.8 295.2 271.6 81.2 321.8 248.6 149.3 69.1 81.1 136.7
EBIT 1,751.8 2,070.5 2,031.4 1,641.6 1,757.7 1,692.8 1,493.8 1,341.8 1,362.6 1,465.8 1,342.7 1,310.1 1,266.7 1,400.1 1,411.0 1,262.5 1,000.0 746.2 587.0 450.1 338.7 516.7 343.7 388.6 483.5 532.3 443.8 433.2 415.0 384.9 271.3 251.0 63.2 306.4 235.1 137.4 59.4 72.9 130.0
Income Before Tax 609.2 727.7 636.4 616.2 579.9 636.3 593.5 577.7 572.4 583.7 512.1 485.3 436.0 474.8 425.3 442.7 416.5 368.3 421.2 338.2 360.4 513.9 352.2 412.4 496.2 533.9 468.1 461.1 449.4 421.3 320.5 312.7 163 270.2 214.7 116.4 39.2 49 33.6
Income Tax Expense 73.9 218.1 81.9 79.5 54.8 37.3 62.4 74.1 89.8 95.7 101.3 100.2 66.2 67.2 45.0 75.8 66.6 67.0 99.6 66.0 89.0 138.3 88.8 116.1 139.2 142.0 125.5 138.4 139.6 118.6 89.0 85.1 14.5 81.7 67.3 34.2 0.7 11.7 7.6
Net Income 535.3 509.7 554.5 536.8 525.1 599.0 531.2 503.6 482.5 488.0 410.7 385.1 369.8 407.6 380.3 366.9 349.9 301.4 321.4 272.0 271.3 375.5 263.3 296.1 356.7 391.6 342.2 322.4 309.3 302.4 231.3 227.2 148.4 188.9 147.0 82.2 38.5 37.3 25.7
Per Share Data
EPS (Basic) 1.91 1.75 1.90 1.80 1.73 1.93 1.67 1.56 1.52 1.54 1.28 1.19 1.14 1.25 1.16 1.11 1.06 0.91 0.97 0.82 0.82 1.14 0.80 0.90 1.08 1.19 1.07 1.01 0.97 0.95 0.74 0.74 0.50 0.72 0.56 0.31 0.15 0.14 0.10
EPS (Diluted) 1.91 1.75 1.88 1.79 1.72 1.91 1.66 1.57 1.50 1.53 1.27 1.18 1.13 1.24 1.16 1.10 1.05 0.91 0.97 0.82 0.82 1.14 0.80 0.90 1.08 1.19 1.04 0.98 0.96 0.95 0.74 0.74 0.50 0.72 0.56 0.31 0.15 0.14 0.10
Shares Outstanding 279.1 287.4 291.9 297.7 303.6 313.9 320.7 322.3 316.9 318.2 321.8 323.5 324.7 326.1 326.7 331.8 331.1 330.3 330.4 330.1 330.0 329.3 329.1 329.0 329.0 328.3 320.3 320.1 320.0 326.8 313.2 306.3 297.5 315.1 315.1 262.3 262.3 315.1 262.3
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 2016 Q4
Current Assets
Cash & Cash Equivalents 1,570.7 1,856.6 1,427.3 1,128.2 954.1 927.7 720.1 247.4 872.3 596.8 394.5 357.4 358.2 346.4 259.7 227.9 312.1 322.1 206.0 238.3 223.3 315.7 283.0 485.4 586.7 349.0 314.1 254.8 832.9 2,763.1 2,470.1 2,913.5 20.7 66.8 41.8 13.2 24.6
Short-Term Investments 5,094.6 4,859.2 459.1 448.0 658.4 487.9 4,838.3 872.1 878.7 681.1 215.4 232.6 209.8 209.0 198.5 200.1 238.2 140.5 183.7 201.3 171.0 188.6 153.2 119.8 96.4 335.5 1,779.6 1,761.7 1,589.6 0 0 0 2,524.7 210.1 0 0 0
Net Receivables 58,000.4 58,179.8 57,217.2 56,211.5 54,785.0 58,383.8 53,773.3 9,490.4 8,711.0 8,746.6 7,605.6 7,052.0 6,825.3 6,974.1 6,504.0 6,055.0 5,514.8 4,325.5 3,816.9 3,656.7 2,900.0 3,195.2 2,464.3 2,041.2 1,838.0 2,668.1 10,033.6 2,567.8 8,913.2 2,086.7 7,547.9 0 4,921.1 0 3,000.7 2,610.2 9.0
Inventory 0 0 1.0 1.0 0.9 1.6 29.7 5.4 5.9 6.9 5.2 6.8 4.3 2.5 9.6 9.2 10.4 8.9 15.8 14.5 9.4 5.9 6.2 13.4 13.5 15.4 59.1 78.5 50.4 88.6 72.6 54.4 61.6 61.6 66.3 54.5 6.5
Other Current Assets 0 4.9 4,087.7 4,426.0 4,028.3 4,819.9 18.4 3.8 0 0 0 0 0 0 0 0.8 0.3 0 0 0 0 0 0 0 0 0 0 495.8 0 0 0 0 0 0 0 787.8 657.8
Total Current Assets 64,665.7 64,900.5 63,192.3 62,214.7 60,426.7 64,620.9 59,379.8 10,619.1 10,468.0 10,031.5 8,220.8 7,648.8 7,397.6 7,532.0 6,971.8 6,493.0 6,075.8 4,797.0 4,222.4 4,110.8 3,303.8 3,705.5 2,906.7 2,659.9 2,534.7 3,368.0 12,186.4 12,096.1 11,386.1 11,042.1 10,090.5 9,175.3 7,528.1 4,028.0 3,108.8 2,677.9 697.9
Non-Current Assets
Property, Plant & Equipment 2,529.3 2,537.8 2,588.8 2,617.2 2,659.2 2,572.3 2,616.1 467.0 500.6 504.6 495.1 512.8 480.8 472.3 494.0 506.1 542.6 411.0 394.3 408.1 344.5 347.0 226.2 162.0 117.1 99.4 253.2 146.7 93.4 67.1 36.7 20.9 11.1 10.9 5.3 4.3 1.4
Goodwill 224.3 227.0 227.1 227.1 227.1 227.1 227.1 40.9 45.4 46.7 6.6 43.5 41.4 39.8 38.8 40.1 44.2 37.7 32.7 33.8 30.1 32.7 7.0 6.4 10.6 13.6 59.1 54.8 54.8 40.6 21.4 21.4 21.4 23.7 9.1 9.1 0
Intangible Assets 2,961.9 2,943.9 2,843.6 2,824.8 2,770.3 2,699.2 2,599.5 450.9 482.7 482.5 489.6 445.5 405.9 369.1 330.8 323.1 331.7 258.6 236.6 226.6 183.3 183.7 138.5 122.8 118.9 132.9 0 96.6 0 68.5 0 47.2 0 40.8 0 32.1 26.5
Long-Term Investments 3,305.8 2,931.0 0 0 0 0 0 371.8 303.8 259.0 223.1 208.9 172.8 153.5 146.5 113.1 94.1 51.1 43.0 21.4 17.5 11.1 6.4 4.6 6.2 9.2 27.8 16.7 37.9 1.5 1.4 1.3 1.2 0.9 0.8 0.7 0
Other Non-Current Assets 480.1 745.2 3,358.4 3,229.1 2,969.5 2,685.2 2,310.0 0 0 0 0 0 0 0 0 (0.0) 2.1 2.1 2.6 1.8 1.7 2.0 2.1 1.8 2.1 1.8 458.4 320.0 321.6 227.6 212.3 152.1 169.7 111.1 116.9 80.8 2.8
Total Non-Current Assets 9,594.5 9,471.7 9,093.0 8,978.5 8,711.1 8,279.7 7,839.6 1,349.4 1,351.9 1,313.3 1,234.7 1,231.0 1,121.1 1,053.5 1,029.2 1,002.2 1,038.7 782.1 725.4 709.3 590.7 592.4 397.6 316.7 254.8 257.0 798.5 594.3 507.7 375.2 271.8 241.8 267.2 207.8 155.3 140.7 30.6
Total Assets 74,260.2 74,372.2 72,285.2 71,193.2 69,137.8 72,900.6 67,219.5 11,968.4 11,819.9 11,344.7 9,455.6 8,879.8 8,518.6 8,585.5 8,000.9 7,495.2 7,114.4 5,579.1 4,947.8 4,820.0 3,894.5 4,297.9 3,304.3 2,976.6 2,789.5 3,625.0 12,984.9 12,690.4 11,893.8 11,417.3 10,362.4 9,417.2 7,795.3 4,235.8 3,264.1 2,818.6 728.5
Current Liabilities
Account Payables 10,273.0 11,438.8 549.3 536.2 559.7 663.2 606.3 2,107.6 2,095.6 4,528.6 3,840.9 3,559.5 3,440.7 3,604.6 2,915.6 2,894.6 2,950.5 2,574.3 2,168.4 2,082.4 1,618.5 2,020.6 1,420.3 1,096.7 965.2 1,393.3 185.7 239.5 162.7 165.2 151.6 156.8 119.2 92.4 112.6 574.4 61.7
Short-Term Debt 33,536.9 34,801.5 32,646.0 31,660.6 27,640.7 29,229.2 26,779.6 2,840.8 2,874.6 2,381.7 1,755.3 1,683.5 1,525.3 1,916.6 2,181.4 1,704.1 1,320.1 732.1 451.2 308.3 205.2 112.6 25.9 60.2 0 0 0 0 0 0 0 0 0 0 0 0 65.1
Deferred Revenue 86.4 0 100.9 112.8 118.9 128.8 133.6 24.2 26.1 26.4 25.1 25.9 24.7 23.9 24.4 26.3 31.0 29.2 33.2 38.9 34.3 35.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,236.2 1,512.0 308.6 399.7 446.7 365.8 112.0 2,152.7 2,262.8 104.5 55.9 55.3 29.2 49.1 53.5 48.8 72.1 41.8 37.1 51.1 23.7 31.2 43.8 35.3 43.9 48.4 39.6 8.3 38.7 27.7 6.3 15.1 10.2 19.9 14.5 108.2 (1,043.4)
Total Current Liabilities 45,365.4 47,759.1 44,501.0 43,716.6 39,647.0 42,744.5 39,167.4 7,175.6 7,295.1 7,088.3 5,727.1 5,366.8 5,069.4 5,632.9 5,229.7 4,719.5 4,403.8 3,411.7 2,719.9 2,504.8 1,898.7 2,228.3 1,505.9 1,205.8 1,021.4 1,465.0 4,888.2 5,104.0 4,793.1 4,710.8 4,047.9 3,448.1 3,251.7 3,319.0 2,543.9 2,011.3 528.3
Non-Current Liabilities
Long-Term Debt 12,088.1 9,475.4 9,202.1 8,963.6 10,612.0 11,412.1 10,393.5 1,697.5 1,245.2 992.9 666.7 460.1 622.6 358.9 340.8 331.8 119.6 13.9 38.9 48.3 51.2 37.4 10.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 1,724.2 1,792.7 1,629.1 1,607.4 1,673.7 1,790.4 1,870.5 332.8 379.0 377.2 350.7 345.4 318.2 296.3 282.9 283.5 299.2 249.9 247.8 250.9 209.8 218.0 183.6 176.4 147.8 156.8 474.5 353.2 199.4 132.1 32.9 0 63.2 42.8 38.2 33.9 0
Other Non-Current Liabilities 666.1 640.9 2,052.0 2,311.7 2,248.0 2,268.7 1,325.8 167.9 130.3 140.3 119.6 89.7 79.7 43.7 7.8 7.9 6.7 5.8 18.1 15.9 14.9 1.8 5.7 4.4 9.7 10.8 17.3 15.8 15.8 0.0 (1.3) 0 3.6 3.6 3.6 3.5 (24.4)
Total Non-Current Liabilities 14,551.3 11,980.9 12,896.2 12,892.9 14,548.0 15,487.8 13,609.3 2,215.1 1,774.0 1,530.7 1,157.5 916.5 1,041.6 709.7 642.9 636.0 439.8 282.0 308.8 320.5 280.4 273.8 210.7 192.1 157.5 167.6 491.7 369.0 215.2 132.1 32.9 0 66.8 46.4 41.8 37.4 0
Total Liabilities 59,916.7 59,740.0 57,397.3 56,609.5 54,195.0 58,232.2 52,776.7 9,390.7 9,069.1 8,618.9 6,884.6 6,283.3 6,111.0 6,342.6 5,872.6 5,355.5 4,843.5 3,693.6 3,028.7 2,825.3 2,179.0 2,502.2 1,716.6 1,397.8 1,178.9 1,632.6 5,380.0 5,472.9 5,008.2 4,842.9 4,080.8 3,448.1 3,318.6 3,365.4 2,585.7 2,048.7 528.3
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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 524.6 524.6 524.6 161.2
Retained Earnings 11,337.1 11,318.4 11,006.9 10,642.1 10,532.5 10,007.4 9,408.4 1,598.2 1,672.9 1,624.5 1,479.1 1,449.5 1,303.1 1,181.4 1,077.8 1,042.1 1,069.6 849.7 813.2 785.9 680.1 686.6 566.1 533.2 507.4 565.5 1,883.2 1,541.0 1,218.6 909.3 606.8 375.5 0 103.3 147.0 142.8 31.4
Accumulated Other Comprehensive Income 3,736.5 4,642.5 4,646.8 4,659.3 5,868.8 6,051.0 6,067.7 1,084.5 1,194.5 1,257.8 1,213.7 1,251.8 1,184.8 1,151.6 1,120.1 1,151.2 1,260.4 1,087.0 1,103.6 1,206.5 1,033.3 1,109.4 1,020.3 1,057.1 1,115.5 1,431.6 5,737.6 5,693.1 5,684.7 5,680.8 5,650.8 5,570.1 4,453.5 342.3 6.3 102.3 0
Total Stockholders' Equity 14,343.5 14,632.2 14,888.0 14,583.7 14,942.8 14,668.4 14,442.8 2,577.7 2,750.8 2,725.8 2,571.0 2,596.5 2,407.6 2,242.9 2,128.3 2,139.7 2,270.9 1,885.5 1,916.8 1,992.3 1,713.3 1,793.4 1,583.7 1,574.6 1,606.3 1,986.9 7,581.3 7,194.6 6,863.8 6,550.6 6,257.7 5,945.7 4,453.5 866.9 677.9 769.7 192.6
Total Liabilities & Equity 74,260.2 74,372.2 72,285.2 71,193.2 69,137.8 72,900.6 67,219.5 11,968.4 11,819.9 11,344.7 9,455.6 8,879.8 8,518.6 8,585.5 8,000.9 7,495.2 7,114.4 5,579.1 4,947.8 4,820.0 3,894.5 4,297.9 3,304.3 2,976.6 2,789.5 3,625.0 12,984.9 12,690.4 11,893.8 11,417.3 10,362.4 9,417.2 7,795.3 4,235.8 3,264.1 2,818.6 721.0
Debt Metrics
Total Debt 45,687.0 44,336.6 41,848.1 40,624.3 38,252.7 40,641.3 37,173.1 4,551.5 4,135.3 3,391.3 2,438.8 2,161.1 2,165.4 2,283.0 2,530.1 2,044.9 1,450.4 755.3 490.0 356.6 256.4 161.4 47.3 71.4 0 0 0 0 0 0 0 0 0 0 0 0 65.1
Net Debt 44,116.3 42,480.0 40,420.8 39,496.1 37,298.6 39,713.6 36,453.0 4,304.1 3,263.0 2,794.5 2,044.3 1,803.7 1,807.2 1,936.6 2,270.4 1,816.9 1,138.3 433.1 284.0 118.4 33.1 (154.4) (235.7) (414.0) (586.7) (349.0) (314.1) (254.8) (832.9) (2,763.1) (2,470.1) (2,913.5) (20.7) (66.8) (41.8) (13.2) 40.5
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 2016 Q4 2016 Q2
Operating Activities
Net Income 535.3 509.7 636.4 616.2 579.9 599.0 593.5 577.7 572.4 583.7 512.1 485.3 436.0 474.8 425.3 442.7 416.5 368.3 421.2 338.2 360.4 69.6 352.2 55.0 356.7 382.7 359.2 315.2 319.5 307.9 233.8 242.2 151.9 192.9 147.0 43.1 23.3 16.1
Depreciation & Amortization 453.2 465.7 457.9 451.8 439.0 425.2 413.0 391.2 371.5 366.2 346.5 325.6 317.4 306.7 294.4 280.6 249.0 225.5 203.3 181.5 158.3 24.8 101.5 15.1 59.6 45.1 35.8 21.2 27.3 33.5 24.2 21.9 18.4 15.7 13.5 6.8 5.5 4.2
Stock-Based Compensation 0 0 5.1 27.9 29.8 43.7 44.1 44.1 46.8 35.4 36.1 32.9 40.2 14.1 37.2 40.1 36.0 44.3 140.9 105.8 79.7 0 17.2 0 26.4 16.3 0 7.2 0 26.3 0 41.9 0 0 0 0 0 0
Change in Working Capital (2,202.7) (5,770.1) (812.6) (410.9) (985.1) (4,047.7) (2,559.7) (6,224.9) 451.3 (83.6) (1,036.6) (1,087.9) (1,279.7) 1,162.0 (1,547.6) (2,089.4) (1,523.3) (1,518.3) (877.8) (512.3) (866.7) 73.6 (796.6) (101.7) 405.6 32.1 (515.8) (765.9) (844.2) (314.7) (583.3) (1,157.1) (1,410.9) (338.5) 51.9 (95.3) (76.0) (22.7)
Other Non-Cash Items 1,674.9 1,796.2 1,896.1 1,550.4 1,152.7 2,378.8 820.2 656.6 986.6 (470.5) 1,114.3 707.7 884.8 2.0 1,862.0 1,374.8 1,109.2 989.7 475.9 305.1 279.8 64.2 63.6 11.6 203.6 161.1 950.5 1,041.1 1,200.0 714.1 815.0 1,420.5 1,693.6 (749.7) 674.2 61.9 61.5 12.0
Operating Cash Flow 460.8 (2,998.5) 2,182.9 2,235.6 1,216.2 (600.9) (688.8) (4,555.2) 2,428.6 431.3 972.3 463.5 398.8 1,959.7 1,071.3 48.7 287.3 134.0 363.4 418.3 (17.7) 232.2 (262.1) (20.0) 1,051.9 699.1 237.3 (234.5) (206.5) 368.0 (169.9) (781.5) (1,038.2) 291.6 109.8 16.5 14.2 9.6
Investing Activities
Capital Expenditure (240.9) (238.2) (512.7) (529.0) (648.6) (215.8) (585.5) (636.7) (558.3) (50.2) (528.2) (530.1) (408.4) (378.0) (502.2) (74.3) (681.4) (522.9) (428.2) (401.9) (398.8) (111.5) (597.3) (36.5) (231.9) (207.6) (232.9) (120.4) (114.9) (114.4) (61.6) (46.9) (31.4) (35.4) (27.0) (0.1) (0.6) (0.0)
Acquisitions 0 0 0 0 0 0 0 0 0 0.1 0 0 0 0 0 0 0 1.1 0 0 0 (65.0) (5.4) 0.0 0 0.3 (1.3) (0.8) (30.4) (1.2) (1.1) 0 0 (19.2) (0.1) (1.0) 0 0
Purchases of Investments 0 (23.3) 0 0 (153.0) 0 0 0 (1,085.1) (113.5) 0 0 (153.8) 0 0 12.5 (69.4) 0 0 0 0 0 0 0 0 664.0 91.8 (133.1) (1,642.0) 0 0 0 0 (214.0) 0 0 0 0
Sales/Maturities of Investments 1.7 (91.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (20.1) 0 (64.3) 0 0 0 0 0 7.8 (20.3) (25.1) 216.1 (3.6) 2.4 0 0 0
Other Investing Activities 0 (0.0) (256.4) (70.2) (306.4) (66.4) 302.8 183.5 (263.5) 0 (236.9) (275.3) (259.9) (357.5) (251.4) 0 (241.8) 70.0 (206.4) (254.5) (108.8) 0 (358.9) 0 864.2 115.4 0 (504.9) 0 (32.5) 0 37.3 0 (79.9) 0 26.4 (53.1) (8.9)
Investing Cash Flow (553.6) (727.0) (497.7) (300.2) (801.6) (282.2) 26.5 69.0 (1,643.4) (214.2) (503.3) (552.6) (562.2) (426.5) (498) (112.1) (750.8) (199.9) (432.2) (480.2) (358.7) (224.0) (805.3) (114.5) 632.2 456.7 (142.4) (254.3) (1,787.3) (107.9) (83.0) (56.1) 184.7 (272.2) (24.6) 25.3 (53.7) (8.9)
Financing Activities
Net Debt Issuance 526.8 (11.1) (1,115.0) (1,057.4) (159.9) 1,447.4 439.4 1,494.0 698.1 (4.4) (103.7) 95.3 195.8 (967.3) (247.2) (5.6) 245.8 (4.5) (4.2) (3.0) (3.4) 0 (2.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0
Stock Repurchased (277.5) (602.4) (47.9) (467.9) (228.3) (356.7) 427.7 0 0 (150.6) (105.2) (98.3) (45.3) (99.6) (98.2) (5.7) (93.6) (258.0) 0 0 0 0.0 0.0 1.7 (44.8) (1.7) 0 0 0 (40.2) 0 0 0 0 0 0 0 0
Dividends Paid (168.8) (193.0) (195.2) (236.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.5) (54.3) 0 0 0
Other Financing Activities (118.0) 3,901.4 (28.0) 0 0 0.1 (859.0) 0.0 (16.0) 123.9 (9.6) 0 0 (41.6) (15.3) 12.0 0 1,000.4 (0.2) 0.2 0 0 (0.1) 0 (0.1) 0.0 0.7 (4.1) (13.6) 0.0 (3.2) (38.8) (132.6) 1.5 (0.0) (62.0) 61.4 0
Financing Cash Flow (37.6) 3,094.9 (1,386.1) (1,761.3) (388.2) 1,090.7 8.1 1,494.0 682.1 (31.1) (218.5) (3.0) 150.4 (1,108.6) (360.7) 0.6 152.2 737.8 (4.4) (2.8) (3.4) 0.0 (2.7) 1.7 (44.9) (1.7) 0 (4.1) 0 126.8 (468.7) 935.8 3,391.0 7.2 (57.6) (62.0) 61.3 0
Cash Position
Net Change in Cash (177.7) 388.7 299.1 174.1 26.5 207.6 (654.1) (2,992.1) 1,467.3 202.3 250.5 (92.1) (12.9) 424.6 212.5 (84.2) (311.3) 672.0 (73.2) (64.7) (379.8) 32.7 (1,070.2) (101.3) 1,639.2 1,089.9 59.3 (578.1) (1,930.2) 293.0 (443.4) 2,892.8 (46.1) 25.0 28.7 (20.2) 21.8 0.7
Cash at Beginning 1,748.4 1,467.9 1,128.2 954.1 927.7 720.1 1,374.2 4,366.4 2,899.1 394.5 1,724.1 1,816.2 1,829.1 1,404.5 1,192.0 312.1 1,794.4 1,122.4 1,195.5 1,260.3 1,640.1 283.0 2,665.3 586.7 1,404.0 314.1 254.8 832.9 2,763.1 2,470.1 2,913.5 20.7 66.8 41.8 13.2 24.1 2.8 2.2
Cash at End 1,570.7 1,856.6 1,427.3 1,128.2 954.1 927.7 720.1 1,374.2 4,366.4 596.8 1,974.6 1,724.1 1,816.2 1,829.1 1,404.5 227.9 1,483.1 1,794.4 1,122.4 1,195.5 1,260.3 315.7 1,595.1 485.4 3,043.2 1,404.0 314.1 254.8 832.9 2,763.1 2,470.1 2,913.5 20.7 66.8 41.8 4.0 24.6 2.8
Free Cash Flow 220.0 (3,236.7) 1,670.1 1,706.5 567.6 (816.7) (1,274.3) (5,192.0) 1,870.3 381.1 444.1 (66.6) (9.6) 1,581.7 569.1 (25.6) (394.0) (388.9) (64.8) 16.4 (416.5) 120.7 (859.5) (56.5) 819.9 491.5 4.4 (354.9) (321.4) 253.5 (231.6) (828.4) (1,069.6) 256.2 82.9 16.4 13.6 9.6
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 2016 Q4 2016 Q3 2016 Q2
Income Statement
Revenue 4,692.5 5,304.7 4,915.8 4,890.9 4,711.2 5,002.7 4,704.7 4,425.1 4,201.3 4,273.5 3,960.6 3,761.0 3,685.2 3,918.7 3,989.3 3,865.8 3,385.4 3,192.6 2,729.9 2,334.7 2,042.0 2,084.6 1,756.7 1,315.7 1,529.1 1,578.0 1,432.1 1,359.6 1,211.1 1,226.5 1,080.8 937.3 811.7 826.4 686.1 554.7 378.5 294.2 314.2
Gross Profit 2,404.4 2,722.7 2,520.2 2,480.2 2,351.0 2,417.6 2,249.3 2,092.9 2,030.6 2,029.6 1,927.3 1,834.9 1,755.9 1,949.6 2,127.1 1,965.5 1,646.0 1,359.9 1,227.9 1,039.7 895.9 931.4 699.5 522.4 760.4 802.4 747.9 675.2 593.3 559.9 530.2 454.5 366.9 420.4 337.5 227.7 190.0 114 190.6
Operating Income 1,751.8 2,070.5 1,886.4 1,801.1 1,685.0 1,692.8 1,493.8 1,409.3 1,362.6 1,465.8 1,342.7 1,310.1 1,266.7 1,400.1 1,411.0 1,262.5 1,000.0 746.2 587.0 450.1 338.7 414.8 350.8 317.0 485.6 435.2 448.7 433.6 418.6 291.6 275.4 250.9 64.3 313.3 237.4 139.6 66.1 74.6 44.0
Net Income 535.3 509.7 554.5 536.8 525.1 599.0 531.2 503.6 482.5 488.0 410.7 385.1 369.8 407.6 380.3 366.9 349.9 301.4 321.4 272.0 271.3 375.5 263.3 296.1 356.7 391.6 342.2 322.4 309.3 302.4 231.3 227.2 148.4 188.9 147.0 82.2 38.5 37.3 25.7
EPS (Diluted) 1.91 1.75 1.88 1.79 1.72 1.91 1.66 1.57 1.50 1.53 1.27 1.18 1.13 1.24 1.16 1.10 1.05 0.91 0.97 0.82 0.82 1.14 0.80 0.90 1.08 1.19 1.04 0.98 0.96 0.95 0.74 0.74 0.50 0.72 0.56 0.31 0.15 0.14 0.10
Balance Sheet
Cash & Equivalents 1,570.7 1,856.6 1,427.3 1,128.2 954.1 927.7 720.1 247.4 872.3 596.8 394.5 357.4 358.2 346.4 259.7 227.9 312.1 322.1 206.0 238.3 223.3 315.7 283.0 485.4 586.7 349.0 314.1 254.8 832.9 2,763.1 2,470.1 2,913.5 20.7 66.8 41.8 13.2 24.6
Total Assets 74,260.2 74,372.2 72,285.2 71,193.2 69,137.8 72,900.6 67,219.5 11,968.4 11,819.9 11,344.7 9,455.6 8,879.8 8,518.6 8,585.5 8,000.9 7,495.2 7,114.4 5,579.1 4,947.8 4,820.0 3,894.5 4,297.9 3,304.3 2,976.6 2,789.5 3,625.0 12,984.9 12,690.4 11,893.8 11,417.3 10,362.4 9,417.2 7,795.3 4,235.8 3,264.1 2,818.6 728.5
Total Debt 45,687.0 44,336.6 41,848.1 40,624.3 38,252.7 40,641.3 37,173.1 4,551.5 4,135.3 3,391.3 2,438.8 2,161.1 2,165.4 2,283.0 2,530.1 2,044.9 1,450.4 755.3 490.0 356.6 256.4 161.4 47.3 71.4 0 0 0 0 0 0 0 0 0 0 0 0 65.1
Stockholders' Equity 14,343.5 14,632.2 14,888.0 14,583.7 14,942.8 14,668.4 14,442.8 2,577.7 2,750.8 2,725.8 2,571.0 2,596.5 2,407.6 2,242.9 2,128.3 2,139.7 2,270.9 1,885.5 1,916.8 1,992.3 1,713.3 1,793.4 1,583.7 1,574.6 1,606.3 1,986.9 7,581.3 7,194.6 6,863.8 6,550.6 6,257.7 5,945.7 4,453.5 866.9 677.9 769.7 192.6
Cash Flow
Operating Cash Flow 460.8 (2,998.5) 2,182.9 2,235.6 1,216.2 (600.9) (688.8) (4,555.2) 2,428.6 431.3 972.3 463.5 398.8 1,959.7 1,071.3 48.7 287.3 134.0 363.4 418.3 (17.7) 232.2 (262.1) (20.0) 1,051.9 699.1 237.3 (234.5) (206.5) 368.0 (169.9) (781.5) (1,038.2) 291.6 109.8 16.5 14.2 9.6
Capital Expenditure (240.9) (238.2) (512.7) (529.0) (648.6) (215.8) (585.5) (636.7) (558.3) (50.2) (528.2) (530.1) (408.4) (378.0) (502.2) (74.3) (681.4) (522.9) (428.2) (401.9) (398.8) (111.5) (597.3) (36.5) (231.9) (207.6) (232.9) (120.4) (114.9) (114.4) (61.6) (46.9) (31.4) (35.4) (27.0) (0.1) (0.6) (0.0)
Free Cash Flow 220.0 (3,236.7) 1,670.1 1,706.5 567.6 (816.7) (1,274.3) (5,192.0) 1,870.3 381.1 444.1 (66.6) (9.6) 1,581.7 569.1 (25.6) (394.0) (388.9) (64.8) 16.4 (416.5) 120.7 (859.5) (56.5) 819.9 491.5 4.4 (354.9) (321.4) 253.5 (231.6) (828.4) (1,069.6) 256.2 82.9 16.4 13.6 9.6