PayPal Holdings, Inc. logo PYPL - PayPal Holdings, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 26
HOLD 40
SELL 4
STRONG
SELL 0
| PRICE TARGET: $50.45 DETAILS
HIGH: $65.00
LOW: $34.00
MEDIAN: $50.00
CONSENSUS: $50.45
UPSIDE: 18.76%
Annual Quarterly
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
Revenue
Revenue 8,353 8,676 8,417 8,288 7,791 8,366 7,847 7,885 7,699 8,026 7,418 7,287 7,040 7,383 6,846 6,806 6,483 6,918 6,182 6,238 6,033 6,116 5,459 5,261 4,618 4,961 4,378 4,305 4,128 4,226 3,683 3,857 3,685 3,744 3,239 3,136 2,975 2,981 2,667 2,650 2,544 2,556 2,258 2,297 2,137 2,193 1,975 1,983 1,874
Cost of Revenue 4,543 4,642 4,546 4,444 4,075 4,431 4,193 4,277 4,238 4,354 4,049 3,939 3,725 3,712 3,355 3,492 3,186 3,302 2,832 2,693 2,548 2,696 2,366 2,283 2,330 2,294 2,041 1,945 1,890 1,918 1,661 1,696 1,580 1,306 1,465 1,372 1,287 1,261 1,101 1,065 1,007 995 852 819 753 787 717 669 643
Gross Profit 3,810 4,034 3,871 3,844 3,716 3,935 3,654 3,608 3,461 3,672 3,369 3,348 3,315 3,671 3,491 3,314 3,297 3,616 3,350 3,545 3,485 3,420 3,093 2,978 2,288 2,667 2,337 2,360 2,238 2,308 2,022 2,161 2,105 2,438 1,774 1,764 1,688 1,720 1,566 1,585 1,537 1,561 1,406 1,478 1,384 1,406 1,258 1,314 1,231
Operating Expenses
R&D Expenses 793 804 801 767 731 773 746 718 742 770 739 743 721 822 801 815 815 796 755 746 741 732 674 631 605 558 533 483 511 289 269 255 258 267 240 232 214 215 215 209 195 363 197 202 185 239 232 221 198
SG&A Expenses 1,009 1,193 1,034 1,044 991 1,220 1,027 1,016 885 1,020 949 956 943 1,039 1,007 1,109 1,201 1,236 1,047 1,150 1,126 1,174 974 926 857 872 717 775 748 831 702 694 628 760 571 566 503 528 494 511 464 215 442 449 439 407 368 375 330
Other Expenses 520 526 516 529 464 501 490 549 666 154 513 516 652 566 565 626 570 534 505 522 576 551 468 470 428 438 390 397 461 590 561 640 685 568 540 536 540 517 509 494 471 572 437 429 438 412 386 388 385
Operating Expenses 2,322 2,523 2,351 2,340 2,186 2,494 2,263 2,283 2,293 1,944 2,201 2,215 2,316 2,427 2,373 2,550 2,586 2,566 2,307 2,418 2,443 2,457 2,116 2,027 1,890 1,868 1,640 1,655 1,720 1,710 1,532 1,589 1,571 1,595 1,351 1,334 1,257 1,260 1,218 1,214 1,130 1,150 1,076 1,080 1,062 1,058 986 984 913
Operating Income
Operating Income 1,488 1,511 1,520 1,504 1,530 1,441 1,391 1,325 1,168 1,728 1,168 1,133 999 1,244 1,118 764 711 1,050 1,043 1,127 1,042 963 977 951 398 799 697 705 518 598 490 572 534 843 423 430 431 460 348 371 407 411 330 398 322 348 272 330 318
Interest Expense 0 111 113 114 103 97 106 93 86 87 86 87 87 89 87 69 59 59 58 57 58 59 58 55 37 37 29 27 22 20 22 19 16 6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 118 119 135 145 148 183 165 166 132 124 116 108 84 48 27 15 14 15 13 15 16 17 22 33 53 47 48 49 52 61 27 28 62 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,726 1,972 1,891 1,882 1,951 1,756 1,672 1,755 1,560 2,143 1,597 1,659 1,431 1,525 1,995 451 1,016 1,091 1,546 1,729 1,230 2,219 1,500 2,151 593 1,118 740 1,198 969 929 743 808 749 1,162 646 631 654 649 533 547 582 574 483 549 511 480 401 455 448
EBIT 1,488 1,738 1,646 1,643 1,706 1,507 1,417 1,492 1,295 1,880 1,327 1,390 1,161 1,199 1,665 118 688 765 1,223 1,413 930 1,918 1,202 1,854 300 891 513 970 739 706 555 628 564 935 452 430 471 460 348 371 407 410 330 399 370 348 272 330 318
Income Before Tax 1,393 1,627 1,533 1,529 1,603 1,410 1,311 1,399 1,209 1,793 1,241 1,303 1,074 1,110 1,578 49 629 706 1,165 1,356 872 1,859 1,144 1,799 263 854 484 943 717 686 533 609 548 864 451 447 438 469 360 380 422 418 350 399 321 347 276 326 312
Income Tax Expense 280 190 285 268 316 289 301 271 321 391 221 274 279 189 248 390 120 (95) 78 172 (225) 292 123 269 179 347 22 120 50 102 97 83 37 244 71 36 54 79 37 57 57 51 49 94 66 61 42 45 694
Net Income 1,113 1,437 1,248 1,261 1,287 1,121 1,010 1,128 888 1,402 1,020 1,029 795 921 1,330 (341) 509 801 1,087 1,184 1,097 1,567 1,021 1,530 84 507 462 823 667 584 436 526 511 620 380 411 384 390 323 323 365 367 301 305 255 286 234 281 (382)
Per Share Data
EPS (Basic) 1.22 1.54 1.31 1.30 1.31 1.12 1.00 1.08 0.83 1.30 0.93 0.93 0.70 0.81 1.15 -0.29 0.44 0.68 0.93 1.01 0.94 1.34 0.87 1.30 0.07 0.43 0.39 0.70 0.57 0.50 0.37 0.44 0.43 0.52 0.32 0.34 0.32 0.32 0.27 0.27 0.30 0.30 0.25 0.25 0.21 0.24 0.20 0.24 -0.33
EPS (Diluted) 1.21 1.53 1.30 1.29 1.29 1.11 0.99 1.08 0.83 1.29 0.93 0.92 0.70 0.81 1.15 -0.29 0.43 0.67 0.92 1.00 0.92 1.34 0.86 1.29 0.07 0.43 0.39 0.69 0.56 0.49 0.36 0.44 0.42 0.50 0.31 0.34 0.32 0.32 0.27 0.27 0.30 0.30 0.25 0.25 0.21 0.24 0.20 0.24 -0.32
Shares Outstanding 913 931 968 969 986 997 1,015 1,042 1,064 1,077 1,094 1,111 1,129 1,139 1,154 1,158 1,163 1,174 1,174 1,174 1,173 1,172 1,172 1,173 1,173 1,174 1,175 1,175 1,171 1,177 1,181 1,187 1,192 1,203 1,202 1,202 1,203 1,207 1,207 1,210 1,216 1,223 1,221 1,220 1,218.0 1,171 1,171 1,171 1,171
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
Current Assets
Cash & Cash Equivalents 6,977 8,049 8,995 6,688 7,449 6,561 7,272 7,701 9,693 9,081 6,816 5,504 7,101 7,776 6,659 4,583 4,861 5,197 7,782 5,745 5,717 4,794 6,112 6,353 7,854 7,349 6,877 4,909 4,515 7,575 8,147 2,840 2,879 2,883 2,330 1,271 1,240 1,590 1,369 2,018 2,583 1,393 1,880 2,562 2,365 2,201
Short-Term Investments 2,365 2,373 1,760 3,320 3,762 4,261 4,646 5,912 4,622 4,976 4,725 4,387 3,546 3,075 4,169 4,701 3,104 4,194 5,510 6,650 7,369 8,289 8,046 6,695 2,332 3,412 3,585 3,506 3,334 1,534 1,440 2,125 3,427 2,812 2,591 2,820 2,815 3,385 3,719 2,939 2,184 2,018 2,419 1,846 10 29
Net Receivables 48,874 47,510 47,441 47,777 47,512 45,618 46,694 45,402 44,970 46,000 40,695 42,021 43,738 44,658 41,715 43,837 43,119 41,787 39,553 39,646 39,028 36,764 33,609 32,612 26,941 26,934 26,405 27,118 26,003 22,907 23,475 28,144 27,536 26,237 23,797 22,106 20,473 19,925 18,322 17,708 16,615 16,582 15,577 14,722 15,352 14,957
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
Other Current Assets 1,779 1,827 1,980 2,094 1,888 4,652 4,061 3,957 4,421 2,512 4,399 2,213 2,175 17 21 22 0 109 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 678 583 480 0
Total Current Assets 59,995 59,759 60,176 59,879 60,611 61,092 62,673 62,972 63,706 62,569 56,635 54,125 56,560 57,424 55,105 55,252 52,382 52,574 54,130 53,231 53,432 50,995 48,704 46,500 38,184 38,495 37,748 36,435 34,891 32,963 33,990 34,184 34,742 32,645 29,437 27,035 25,425 25,733 24,161 23,457 21,968 20,648 20,554 19,713 18,207 17,565
Non-Current Assets
Property, Plant & Equipment 1,708 1,700 1,656 1,625 1,537 1,508 1,496 1,459 1,426 1,488 1,529 1,589 1,633 1,730 1,773 1,832 1,861 1,909 1,900 1,848 1,806 1,807 1,757 1,717 1,646 1,693 1,701 1,720 1,731 1,724 1,646 1,567 1,523 1,528 1,485 1,479 1,448 1,482 1,451 1,412 1,345 1,344 1,298 1,291 989 922
Goodwill 10,946 10,864 10,941 10,976 10,910 10,837 10,996 10,816 10,916 11,026 10,935 11,067 11,195 11,209 11,053 11,146 11,370 11,454 9,550 9,564 9,117 9,135 9,119 9,118 9,124 6,212 6,178 6,236 6,234 6,284 6,054 4,331 4,338 4,339 4,326 4,062 4,060 4,059 4,068 4,069 4,071 4,069 3,415 3,409 3,184 3,189
Intangible Assets 206 208 226 271 296 326 393 403 465 537 564 640 730 788 855 1,001 1,185 1,332 808 920 938 1,048 1,146 1,254 1,369 778 629 699 750 825 684 125 138 168 226 143 184 211 245 281 320 358 174 186 138 156
Long-Term Investments 4,125 4,330 3,601 3,645 4,613 4,583 4,282 4,653 3,409 3,273 3,855 4,543 4,632 5,018 5,215 6,270 7,145 6,797 6,753 6,968 5,994 6,089 3,439 3,175 2,366 2,863 2,771 2,278 1,695 971 946 1,369 1,487 1,961 2,217 2,511 2,325 1,539 1,339 1,315 1,661 2,348 2,392 2,258 31 31
Other Non-Current Assets 3,566 3,312 3,201 3,381 3,307 3,265 3,671 3,713 3,425 3,273 2,922 2,615 2,436 2,455 2,434 2,309 1,862 1,737 1,393 1,285 1,230 1,305 1,417 1,402 1,577 1,292 1,196 1,023 979 565 404 101 94 133 70 60 51 79 92 97 105 114 63 54 30 54
Total Non-Current Assets 20,551 20,414 19,625 19,898 20,663 20,519 20,838 21,044 19,641 19,597 19,805 20,454 20,626 21,200 21,330 22,558 23,423 23,229 20,404 20,585 19,085 19,384 16,878 16,666 16,082 12,838 12,475 11,956 11,389 10,369 9,734 7,493 7,580 8,129 8,324 8,255 8,068 7,370 7,195 7,174 7,502 8,233 7,342 7,198 4,372 4,352
Total Assets 80,546 80,173 79,801 79,777 81,274 81,611 83,511 84,016 83,347 82,166 76,440 74,579 77,186 78,624 76,435 77,810 75,805 75,803 74,534 73,816 72,517 70,379 65,582 63,166 54,266 51,333 50,223 48,391 46,280 43,332 43,724 41,677 42,322 40,774 37,761 35,290 33,493 33,103 31,356 30,631 29,470 28,881 27,896 26,911 22,579 21,917
Current Liabilities
Account Payables 41,663 240 40,876 41,144 41,380 39,898 41,347 41,860 41,461 42,074 38,772 37,530 39,168 40,140 37,938 40,377 39,886 39,038 37,990 38,630 38,514 35,670 32,689 31,283 25,034 24,759 24,204 25,272 24,464 21,843 22,698 20,889 20,849 19,999 18,949 17,149 15,905 15,355 14,294 14,003 13,190 12,406 11,916 11,574 11,070 10,727
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 418 418 999 999 998 0 0 0 0 0 0 0 0 2,499 1,999 1,998 2,000 2,000 3,000 1,000 0 0 0 0 0 0 0 0 0 102 868 1,093
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Liabilities 5,974 40,198 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (999) (998) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 47,637 46,443 44,924 45,050 46,622 48,376 50,268 50,713 49,846 48,466 43,442 41,754 43,909 45,008 43,228 45,095 43,967 43,029 41,695 41,268 41,340 38,447 35,246 33,729 27,449 26,919 26,340 29,847 28,635 25,904 26,640 24,809 25,714 22,863 20,703 18,641 17,286 16,878 15,616 15,223 14,362 13,617 13,072 12,584 13,549 13,283
Non-Current Liabilities
Long-Term Debt 9,409 9,987 11,276 11,296 11,417 9,879 9,976 9,727 9,683 9,676 10,640 10,549 10,481 10,417 10,241 10,198 8,222 8,049 7,949 8,945 8,942 8,939 8,937 8,934 7,967 4,965 4,964 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,610 1,587 390 386
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 2,618 2,615 2,938 2,925 2,702 2,750 3,013 2,998 2,800 2,698 2,794 2,930 2,872 2,819 2,839 2,520 2,436 2,405 2,488 2,042 1,969 1,849 1,967 1,917 1,626 1,651 1,581 1,513 1,548 1,591 1,510 1,505 0 0 0 386
Other Non-Current Liabilities 3,476 3,487 3,403 3,230 2,981 2,939 3,093 2,954 3,116 2,973 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (386)
Total Non-Current Liabilities 12,885 13,474 14,679 14,526 14,398 12,818 13,069 12,681 12,799 12,649 13,258 13,164 13,419 13,342 12,943 12,948 11,235 11,047 10,749 11,643 11,736 11,869 11,809 11,753 10,806 7,485 7,400 2,405 2,488 2,042 1,969 1,849 1,967 1,917 1,626 1,651 1,581 1,513 1,548 1,591 1,510 1,505 1,610 1,587 390 386
Total Liabilities 60,522 59,917 59,603 59,576 61,020 61,194 63,337 63,394 62,645 61,115 56,700 54,918 57,328 58,350 56,171 58,043 55,202 54,076 52,444 52,911 53,076 50,316 47,055 45,482 38,255 34,404 33,740 32,252 31,123 27,946 28,609 26,658 27,681 24,780 22,329 20,292 18,867 18,391 17,164 16,814 15,872 15,122 14,682 14,171 13,939 13,669
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
Retained Earnings 33,453 32,470 31,163 29,915 28,654 27,347 26,226 25,216 24,088 23,200 21,798 20,778 19,749 18,954 18,033 16,703 17,044 16,535 15,734 14,647 13,463 12,366 10,809 9,788 8,258 8,342 7,835 7,373 6,550 5,880 5,296 4,860 4,334 3,823 3,204 2,824 2,412 2,069 1,679 1,356 1,033 668 301 0 0 0
Accumulated Other Comprehensive Income (513) (658) (700) (739) (622) (550) (627) (693) (659) (746) (852) (996) (898) (928) (681) (564) (444) (136) (124) (292) (353) (484) (332) (170) (120) (173) (52) (28) (25) 78 66 36 (169) (142) (142) (98) 2 59 39 52 (27) (9) 3 24 142 110
Total Stockholders' Equity 20,024 20,256 20,198 20,201 20,254 20,417 20,174 20,622 20,702 21,051 19,740 19,661 19,858 20,274 20,264 19,767 20,603 21,727 22,090 20,905 19,441 20,019 18,483 17,640 15,967 16,885 16,483 16,139 15,157 15,386 15,115 15,019 14,641 15,994 15,432 14,998 14,626 14,712 14,192 13,817 13,598 13,759 13,214 12,740 8,640 8,248
Total Liabilities & Equity 80,546 80,173 79,801 79,777 81,274 81,611 83,511 84,016 83,347 82,166 76,440 74,579 77,186 78,624 76,435 77,810 75,805 75,803 74,534 73,816 72,517 70,379 65,582 63,166 54,266 51,333 50,223 48,391 46,280 43,332 43,724 41,677 42,322 40,774 37,761 35,290 33,493 33,103 31,356 30,631 29,470 28,881 27,896 26,911 22,579 21,917
Debt Metrics
Total Debt 9,409 9,987 11,276 11,296 11,417 9,879 9,976 9,727 9,683 9,676 10,640 10,549 10,481 10,417 10,659 10,616 9,221 9,048 8,947 8,945 8,942 8,939 8,937 8,934 7,967 4,965 4,964 2,499 1,999 1,998 2,000 2,000 3,000 1,000 0 0 0 0 0 0 0 0 1,610 1,689 1,258 1,479
Net Debt 2,432 1,938 2,281 4,608 3,968 3,318 2,704 2,026 (10) 595 3,824 5,045 3,380 2,641 4,000 6,033 4,360 3,851 1,165 3,200 3,225 4,145 2,825 2,581 113 (2,384) (1,913) (2,410) (2,516) (5,577) (6,147) (840) 121 (1,883) (2,330) (1,271) (1,240) (1,590) (1,369) (2,018) (2,583) (1,393) (270) (873) (1,107) (722)
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
Operating Activities
Net Income 1,113 1,437 1,248 1,261 1,287 1,121 1,010 1,128 888 1,402 1,020 1,029 795 921 1,330 (341) 509 801 1,087 1,184 1,097 1,567 1,021 1,530 84 507 462 823 667 584 436 526 511 620 380 411 384 390 323 323 365 367 301 305 255 286 234 281 (382)
Depreciation & Amortization 238 234 245 239 245 249 255 263 265 263 270 269 270 326 330 333 328 326 323 316 300 301 298 297 293 227 227 228 230 223 188 180 185 227 194 201 183 189 185 176 174 164 153 150 141 132 129 125 130
Stock-Based Compensation 259 210 257 286 249 283 284 298 365 388 379 363 345 294 226 312 429 318 300 390 368 377 364 352 283 285 266 223 247 230 213 205 205 219 193 176 145 125 107 111 95 90 94 83 79 81 75 75 68
Change in Working Capital (788) 495 101 (984) (676) 34 (152) (555) 115 (408) 247 (678) (475) 103 (141) 37 (453) (566) (235) (393) (451) (301) (479) (72) 130 68 (232) (113) (308) (13) 3,699 (1,295) (1,769) (24) (31) (218) (308) (58) (59) (198) (166) (171) (79) (106) (150) (58) 6 (87) (160)
Other Non-Cash Items 602 (116) (59) 179 61 484 238 414 232 1,198 (364) (1,104) 302 220 91 1,350 420 648 110 (88) 444 (768) 147 (445) 710 324 530 52 117 247 257 414 428 123 359 302 294 296 262 218 248 238 188 147 170 187 178 134 106
Operating Cash Flow 1,134 2,384 1,974 898 1,160 2,394 1,614 1,525 1,917 2,614 1,259 (200) 1,170 1,591 1,755 1,250 1,217 1,220 1,513 1,306 1,758 1,347 1,314 1,772 1,421 1,264 1,096 1,174 1,027 1,134 4,670 28 (349) (147) 1,006 921 751 923 801 696 738 728 652 622 544 631 604 560 425
Investing Activities
Capital Expenditure (223) (194) (256) (206) (196) (203) (169) (157) (154) (145) (158) (150) (170) (158) (182) (175) (191) (213) (227) (247) (221) (226) (241) (193) (206) (174) (173) (139) (218) (224) (223) (198) (178) (180) (165) (174) (148) (152) (183) (201) (133) (164) (133) (231) (194) (123) (173) (96) (100)
Acquisitions (122) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2,294) 0 (469) 0 0 3 0 (3,612) (70) 0 0 0 12 (2,120) 0 0 0 (323) 0 0 0 0 0 (19) (942) (10) (273) 0 (1) 0 0 (1)
Purchases of Investments (9,788) (4,448) (4,387) (5,595) (6,170) (28,449) 10,890 (1,993) (7,081) (7,005) (4,452) (4,423) (6,100) (3,764) (3,304) (4,547) (8,604) (9,211) (10,665) (9,265) (10,975) (13,180) (13,489) (11,251) (3,593) (8,073) (6,617) (5,053) (8,138) (6,740) (5,025) (5,341) (5,275) (5,191) (2,271) (4,847) (7,109) (4,057) (6,775) (6,118) (4,091) (820) (6,001) (8,891) (2,361) (11) (41) 0 (24)
Sales/Maturities of Investments 8,275 3,906 7,432 6,331 5,552 111 75 (9,091) 9,242 8,185 5,368 5,297 5,445 6,641 5,683 2,336 8,751 9,308 11,707 8,965 9,718 11,175 9,940 4,282 5,511 7,488 6,853 4,509 6,028 5,951 6,278 5,378 4,291 5,423 3,493 3,953 5,583 3,815 5,279 5,139 4,196 1,342 5,362 3,071 2,570 20 8 14 367
Other Investing Activities (242) 438 1,983 (550) (2,843) 30,998 (7,997) 6,694 (1,027) (1,569) (1,065) 716 978 (2,758) (824) (1,524) (708) (383) (489) (83) (105) (703) 587 (368) (654) 430 560 (414) (2,532) 1,124 1,244 719 1,167 (1,010) (1,385) (661) 431 (1,435) (10) (626) 372 (673) (1,014) 2,385 (602) (542) (233) (544) (66)
Investing Cash Flow (2,100) (298) 4,772 (20) (3,657) 2,457 2,799 (4,547) 980 (534) (307) 1,440 153 (39) 1,373 (3,910) (752) (2,793) 326 (1,099) (1,583) (2,934) (3,200) (7,530) (2,554) (399) 623 (1,097) (4,860) 123 154 558 5 (958) (651) (1,729) (1,243) (1,829) (1,689) (1,806) 325 (1,257) (1,796) (3,939) (587) (657) (439) (626) 176
Financing Activities
Net Debt Issuance (2) 199 (1) (1,207) 1,491 (1,250) 132 1,247 (244) 588 109 (289) 67 129 58 1,420 182 (89) 0 0 0 0 0 966 3,000 (7) 2,462 500 0 (14) (25) (1,076) 2,075 200 626 (6) 0 0 0 0 (21) 15 (4) (754) (119) 40 26 (44) (43)
Stock Repurchased (1,627) (1,501) (1,500) (1,551) (1,500) (1,269) (1,776) (1,501) (1,501) (607) (1,434) (1,529) (1,432) (1,010) (939) (750) (1,500) (1,500) (350) (200) (1,323) (265) (370) (200) (800) (305) (350) 0 (756) (595) (600) (500) (1,825) (300) (100) (89) (517) (50) (49) (300) (596) 0 0 0 0 0 0 0 0
Dividends Paid (130) (130) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1,200 (560) (328) (490) 1,003 (1,106) (885) 399 (617) 2,974 1,386 (1,536) (1,417) 1,606 (2,090) 902 646 1,146 (467) (84) 2,148 2,562 1,275 6,078 109 103 (777) 429 2,251 (1,221) 1,669 176 530 1,713 899 1,063 451 1,142 286 793 724 (9) 446 4,261 358 (63) (11) 7 37
Financing Cash Flow (559) (1,949) (1,829) (3,174) 994 (3,585) (2,529) 200 (2,362) 3,000 61 (3,273) (2,781) 782 (2,971) 1,655 (669) (371) (816) (197) 827 2,362 906 6,914 2,310 (149) 1,339 996 1,502 (1,769) 1,049 (1,335) 793 1,657 1,439 1,042 (54) 1,143 238 544 113 45 478 3,507 239 (23) 15 (37) (6)
Cash Position
Net Change in Cash (1,575) 165 4,873 (2,101) (1,409) 956 2,076 (2,817) 441 5,251 968 (2,079) (1,462) 2,432 40 (1,159) (186) (1,940) 951 18 960 918 (882) 1,262 999 759 3,010 1,071 (2,330) (536) 5,847 (805) 442 553 1,806 246 (535) 221 (649) (565) 1,190 (487) (682) 197 164 (58) 163 (102) 594
Cash at Beginning 24,018 23,853 18,980 21,081 22,390 21,534 19,458 22,275 21,834 16,583 15,615 17,694 19,156 16,724 16,684 17,843 18,029 19,969 19,018 19,000 18,040 17,122 18,004 16,742 15,743 14,984 11,974 10,903 13,233 13,769 7,922 8,727 8,285 2,330 5,830 5,584 6,119 1,369 2,018 2,583 1,393 1,880 2,562 2,365 2,201 2,259 2,096 2,198 1,604
Cash at End 22,443 24,018 23,853 18,980 20,981 22,490 21,534 19,458 22,275 21,834 16,583 15,615 17,694 19,156 16,724 16,684 17,843 18,029 19,969 19,018 19,000 18,040 17,122 18,004 16,742 15,743 14,984 11,974 10,903 13,233 13,769 7,922 8,727 2,883 7,636 5,830 5,584 1,590 1,369 2,018 2,583 1,393 1,880 2,562 2,365 2,201 2,259 2,096 2,198
Free Cash Flow 911 2,190 1,718 692 964 2,191 1,445 1,368 1,763 2,469 1,101 (350) 1,000 1,433 1,573 1,075 1,026 1,007 1,286 1,059 1,537 1,121 1,073 1,579 1,215 1,090 923 1,035 809 910 4,447 (170) (527) (327) 841 747 603 771 618 495 605 564 519 391 350 508 431 464 325
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
Income Statement
Revenue 8,353 8,676 8,417 8,288 7,791 8,366 7,847 7,885 7,699 8,026 7,418 7,287 7,040 7,383 6,846 6,806 6,483 6,918 6,182 6,238 6,033 6,116 5,459 5,261 4,618 4,961 4,378 4,305 4,128 4,226 3,683 3,857 3,685 3,744 3,239 3,136 2,975 2,981 2,667 2,650 2,544 2,556 2,258 2,297 2,137 2,193 1,975 1,983 1,874
Gross Profit 3,810 4,034 3,871 3,844 3,716 3,935 3,654 3,608 3,461 3,672 3,369 3,348 3,315 3,671 3,491 3,314 3,297 3,616 3,350 3,545 3,485 3,420 3,093 2,978 2,288 2,667 2,337 2,360 2,238 2,308 2,022 2,161 2,105 2,438 1,774 1,764 1,688 1,720 1,566 1,585 1,537 1,561 1,406 1,478 1,384 1,406 1,258 1,314 1,231
Operating Income 1,488 1,511 1,520 1,504 1,530 1,441 1,391 1,325 1,168 1,728 1,168 1,133 999 1,244 1,118 764 711 1,050 1,043 1,127 1,042 963 977 951 398 799 697 705 518 598 490 572 534 843 423 430 431 460 348 371 407 411 330 398 322 348 272 330 318
Net Income 1,113 1,437 1,248 1,261 1,287 1,121 1,010 1,128 888 1,402 1,020 1,029 795 921 1,330 (341) 509 801 1,087 1,184 1,097 1,567 1,021 1,530 84 507 462 823 667 584 436 526 511 620 380 411 384 390 323 323 365 367 301 305 255 286 234 281 (382)
EPS (Diluted) 1.21 1.53 1.30 1.29 1.29 1.11 0.99 1.08 0.83 1.29 0.93 0.92 0.70 0.81 1.15 -0.29 0.43 0.67 0.92 1.00 0.92 1.34 0.86 1.29 0.07 0.43 0.39 0.69 0.56 0.49 0.36 0.44 0.42 0.50 0.31 0.34 0.32 0.32 0.27 0.27 0.30 0.30 0.25 0.25 0.21 0.24 0.20 0.24 -0.32
Balance Sheet
Cash & Equivalents 6,977 8,049 8,995 6,688 7,449 6,561 7,272 7,701 9,693 9,081 6,816 5,504 7,101 7,776 6,659 4,583 4,861 5,197 7,782 5,745 5,717 4,794 6,112 6,353 7,854 7,349 6,877 4,909 4,515 7,575 8,147 2,840 2,879 2,883 2,330 1,271 1,240 1,590 1,369 2,018 2,583 1,393 1,880 2,562 2,365 2,201
Total Assets 80,546 80,173 79,801 79,777 81,274 81,611 83,511 84,016 83,347 82,166 76,440 74,579 77,186 78,624 76,435 77,810 75,805 75,803 74,534 73,816 72,517 70,379 65,582 63,166 54,266 51,333 50,223 48,391 46,280 43,332 43,724 41,677 42,322 40,774 37,761 35,290 33,493 33,103 31,356 30,631 29,470 28,881 27,896 26,911 22,579 21,917
Total Debt 9,409 9,987 11,276 11,296 11,417 9,879 9,976 9,727 9,683 9,676 10,640 10,549 10,481 10,417 10,659 10,616 9,221 9,048 8,947 8,945 8,942 8,939 8,937 8,934 7,967 4,965 4,964 2,499 1,999 1,998 2,000 2,000 3,000 1,000 0 0 0 0 0 0 0 0 1,610 1,689 1,258 1,479
Stockholders' Equity 20,024 20,256 20,198 20,201 20,254 20,417 20,174 20,622 20,702 21,051 19,740 19,661 19,858 20,274 20,264 19,767 20,603 21,727 22,090 20,905 19,441 20,019 18,483 17,640 15,967 16,885 16,483 16,139 15,157 15,386 15,115 15,019 14,641 15,994 15,432 14,998 14,626 14,712 14,192 13,817 13,598 13,759 13,214 12,740 8,640 8,248
Cash Flow
Operating Cash Flow 1,134 2,384 1,974 898 1,160 2,394 1,614 1,525 1,917 2,614 1,259 (200) 1,170 1,591 1,755 1,250 1,217 1,220 1,513 1,306 1,758 1,347 1,314 1,772 1,421 1,264 1,096 1,174 1,027 1,134 4,670 28 (349) (147) 1,006 921 751 923 801 696 738 728 652 622 544 631 604 560 425
Capital Expenditure (223) (194) (256) (206) (196) (203) (169) (157) (154) (145) (158) (150) (170) (158) (182) (175) (191) (213) (227) (247) (221) (226) (241) (193) (206) (174) (173) (139) (218) (224) (223) (198) (178) (180) (165) (174) (148) (152) (183) (201) (133) (164) (133) (231) (194) (123) (173) (96) (100)
Free Cash Flow 911 2,190 1,718 692 964 2,191 1,445 1,368 1,763 2,469 1,101 (350) 1,000 1,433 1,573 1,075 1,026 1,007 1,286 1,059 1,537 1,121 1,073 1,579 1,215 1,090 923 1,035 809 910 4,447 (170) (527) (327) 841 747 603 771 618 495 605 564 519 391 350 508 431 464 325