The Travelers Companies, Inc. logo TRV - The Travelers Companies, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 1
BUY 12
HOLD 27
SELL 3
STRONG
SELL 0
| PRICE TARGET: $313.00 DETAILS
HIGH: $317.00
LOW: $304.00
MEDIAN: $315.50
CONSENSUS: $313.00
UPSIDE: 2.13%
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 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 11,924 12,432 12,470 12,116 11,810 12,013 11,904 11,283 11,228 10,936 10,635 10,098 9,704 9,639 9,312 9,136 8,809 9,011 8,805 8,687 8,313 8,397 8,275 7,401 7,908 8,063 8,013 7,834 7,671 7,796 7,723 7,477 7,286 7,451 7,325 7,184 6,942 7,193 6,961 6,785 6,686 6,674 6,798 6,710 6,629 6,783 6,886 6,785 6,708 6,737 6,452 6,674 6,328 6,477 6,512 6,359 6,392 6,373 6,407 6,388 6,278 6,332 6,482 6,179 6,119 6,456 6,327 6,162 5,735 5,805 6,145 6,295 6,232 6,491 6,526 6,573 6,427 6,469 6,316 6,255 6,050 6,181 6,042 6,037 6,105 6,365 6,129 6,060 4,127 2,323 3,749 2,012 2,344 2,388 2,163 2,162 2,220 2,031 1,971 2,146
Cost of Revenue 6,382 5,832 6,594 8,591 9,784 7,841 8,786 9,051 8,354 7,521 8,753 8,746 7,421 7,358 7,494 7,168 6,349 6,120 6,745 6,299 6,177 5,556 6,093 6,280 5,967 5,821 6,399 5,955 5,559 5,900 5,772 5,643 5,357 5,414 5,865 5,257 5,097 4,753 4,868 4,751 4,683 4,335 4,369 4,510 4,394 4,192 4,504 4,791 4,265 4,297 4,250 4,480 4,101 5,144 4,345 4,762 4,335 4,593 5,118 6,111 4,330 4,147 4,179 4,369 4,317 3,709 4,090 4,288 4,134 0 4,861 4,053 3,975 4,093 3,941 4,011 4,058 3,869 3,905 3,967 3,842 5,071 5,191 3,884 4,033 5,030 4,906 5,674 2,807 2,031 2,695 1,496 2,427 2,951 1,702 1,563 1,628 474 1,467 1,438
Gross Profit 5,542 6,600 5,876 3,525 2,026 4,172 3,118 2,232 2,874 3,415 1,882 1,352 2,283 2,281 1,818 1,968 2,460 2,891 2,060 2,388 2,136 2,841 2,182 1,121 1,941 2,242 1,614 1,879 2,112 1,896 1,951 1,834 1,929 2,037 1,460 1,927 1,845 2,440 2,093 2,034 2,003 2,339 2,429 2,200 2,235 2,591 2,382 1,994 2,443 2,440 2,202 2,194 2,227 1,333 2,167 1,597 2,057 1,780 1,289 277 1,948 2,185 2,303 1,810 1,802 2,747 2,237 1,874 1,601 5,805 1,284 2,242 2,257 2,398 2,585 2,562 2,369 2,600 2,411 2,288 2,208 1,110 851 2,153 2,072 1,335 1,223 386 1,320 292 1,054 516 (83) (563) 461 599 592 1,557 504 708
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 1,544 1,572 1,545 1,459 1,475 1,460 1,478 1,406 1,289 1,312 1,308 1,267 1,203 1,193 1,223 1,191 1,153 1,187 1,174 1,163 1,142 1,109 1,121 1,137 1,085 1,098 1,125 1,057 1,063 1,059 1,113 1,062 1,084 1,045 1,045 996 1,048 1,057 1,054 995 1,035 1,028 1,032 995 1,039 1,031 1,001 881 977 934 931 915 929 904 893 884 906 860 907 883 890 837 832 847 856 889 839 782 800 1,001 864 853 866 817 836 833 929 869 866 794 838 789 789 813 891 792 864 467 346 413 267 281 0 328 301 0 413 323 261
Other Expenses 3,423 1,953 1,960 99 99 103 98 98 98 107 98 92 88 91 97 88 87 88 87 83 82 83 87 85 84 83 84 89 88 87 86 90 89 93 95 92 89 90 89 93 91 95 94 92 92 92 93 92 92 92 91 86 92 93 93 96 96 96 97 97 96 98 95 97 98 98 98 94 92 4,078 95 91 90 91 94 85 76 82 88 78 76 75 70 70 71 73 67 63 36 0 40 0 0 422 0 0 309 0 (1,146) (1,101)
Operating Expenses 3,423 3,497 3,532 1,644 1,558 1,578 1,558 1,576 1,504 1,396 1,410 1,400 1,355 1,294 1,290 1,311 1,278 1,241 1,274 1,257 1,245 1,225 1,196 1,206 1,221 1,168 1,182 1,214 1,145 1,150 1,145 1,203 1,151 1,177 1,140 1,137 1,085 1,138 1,146 1,147 1,086 1,130 1,122 1,124 1,087 1,131 1,124 1,093 973 1,069 1,025 1,017 1,007 1,022 997 989 980 1,002 957 1,004 979 988 932 929 945 954 987 933 874 4,878 1,096 955 943 957 911 921 909 1,011 957 944 870 913 859 859 884 964 859 927 503 346 453 267 281 422 328 301 309 413 (823) (840)
Operating Income
Operating Income 2,119 3,103 2,344 1,881 468 2,594 1,560 656 1,370 2,019 472 (48) 928 987 528 657 1,182 1,650 786 1,131 891 1,616 986 (85) 720 1,074 432 665 967 746 806 631 778 860 320 790 760 1,302 947 887 917 1,209 1,307 1,076 1,148 1,460 1,258 901 1,470 1,371 1,177 1,177 1,220 311 1,170 608 1,077 778 332 (727) 969 1,197 1,371 881 857 1,793 1,250 941 727 927 188 1,287 1,314 1,441 1,674 1,641 1,460 1,589 1,454 1,344 1,338 197 (8) 1,294 1,188 371 364 (541) 817 (54) 601 249 (364) (985) 133 298 283 1,144 1,327 1,548
Interest Expense 116 116 111 99 99 98 98 98 98 98 98 92 88 88 88 88 87 88 87 83 82 83 87 85 84 83 84 89 88 87 86 90 89 93 95 92 89 90 89 93 91 95 94 92 92 92 93 92 92 92 91 86 92 93 93 96 96 96 97 97 96 98 95 97 98 98 98 94 92 94 95 91 90 91 94 85 76 82 88 78 76 75 70 70 71 73 67 63 36 0 40 0 0 0 0 0 0 0 0 0
Interest Income 1,008 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 2,428 3,381 2,621 2,144 755 2,855 1,832 936 1,664 2,287 739 223 1,220 1,262 811 955 1,503 1,946 1,085 1,429 1,208 1,911 1,259 103 1,007 1,339 696 944 1,266 1,027 1,090 920 1,079 1,155 617 1,080 1,060 1,594 1,247 1,180 1,221 1,502 1,592 1,372 1,465 1,763 1,562 1,208 1,789 1,688 1,475 1,479 1,531 613 1,469 900 1,389 1,077 623 (433) 1,273 1,499 1,663 1,173 1,171 2,086 1,535 1,244 1,025 1,215 496 1,579 1,617 1,738 1,965 1,929 1,741 1,872 1,755 1,619 1,611 464 175 1,600 1,409 625 683 (407) 878 (24) 649.7 279 (342) (880) 156 324 317 1,174 1,354 1,570
EBIT 2,235 3,219 2,455 1,980 567 2,692 1,658 754 1,468 2,117 570 44 1,016 1,075 616 745 1,269 1,738 873 1,214 973 1,699 1,073 (85) 804 1,157 516 754 1,055 833 892 721 867 953 415 882 849 1,392 1,036 980 1,008 1,304 1,401 1,168 1,240 1,552 1,351 993 1,562 1,463 1,268 1,263 1,312 404 1,263 704 1,173 874 429 (630) 1,065 1,295 1,466 978 955 1,891 1,348 1,035 819 1,021 283 1,378 1,404 1,532 1,768 1,726 1,536 1,671 1,542 1,422 1,414 272 62 1,364 1,259 444 431 (478) 853 (54) 641 249 (364) (985) 133 298 283 1,144 1,327 1,548
Income Before Tax 2,119 3,103 2,344 1,881 468 2,594 1,560 656 1,370 2,019 472 (48) 928 987 528 657 1,182 1,650 786 1,131 891 1,616 986 (85) 720 1,074 432 665 967 746 806 631 778 860 320 790 760 1,302 947 887 917 1,209 1,307 1,076 1,148 1,460 1,258 901 1,470 1,371 1,177 1,177 1,220 311 1,170 608 1,077 778 332 (727) 969 1,197 1,371 881 857 1,793 1,250 941 727 927 188 1,287 1,314 1,441 1,674 1,641 1,460 1,589 1,454 1,344 1,338 197 (8) 1,294 1,188 371 364 (541) 817 (54) 601 249 (364) (985) 133 298 283 331 301 520
Income Tax Expense 408 607 456 372 73 512 300 122 247 393 68 (34) (47) 168 74 106 164 317 124 197 158 306 159 (45) 120 201 36 108 171 125 97 107 109 309 27 195 143 359 231 223 226 343 379 264 315 422 339 218 418 383 313 252 324 7 306 109 271 160 (1) (363) 130 303 366 211 210 508 315 201 65 126 (26) 345 347 378 476 387 374 400 411 374 332 19 (83) 363 311 56 48 (239) 227 (120) 155 (1) (146) (266) 37 89 81 101 84 171
Net Income 1,711 2,496 1,888 1,509 395 2,082 1,260 534 1,123 1,626 404 (14) 975 819 454 551 1,018 1,333 662 934 733 1,310 827 (40) 600 873 396 557 796 621 709 524 669 551 293 595 617 943 716 664 691 866 928 812 833 1,038 919 683 1,052 988 864 925 896 304 864 499 806 618 333 (364) 839 894 1,005 670 647 1,285 935 740 662 801 214 942 967 1,063 1,198 1,254 1,086 1,189 1,043 970 1,006 179 162 1,069 212 303 340 (275) 587 52 441 244 (223) (736) 104 202 193 231 212 358
Per Share Data
EPS (Basic) 7.89 11.24 8.37 6.63 1.73 9.11 5.50 2.31 4.87 7.07 1.75 -0.06 4.18 3.49 1.93 2.31 4.23 5.43 2.65 3.70 2.89 5.13 3.24 -0.16 2.34 3.37 1.52 2.11 3.01 2.15 2.65 1.93 2.45 2.00 1.06 2.13 2.19 3.32 2.48 2.27 2.33 2.87 3.00 2.56 2.58 3.15 2.72 1.98 2.98 2.73 2.33 2.44 2.36 0.79 2.23 1.27 2.04 1.53 0.80 -0.87 1.94 2.09 2.14 1.37 1.26 2.53 1.66 1.27 1.12 1.37 0.36 1.56 1.56 1.73 1.85 1.90 1.62 1.77 1.52 1.40 1.45 0.26 0.24 1.59 0.31 0.45 0.51 -0.41 1.35 0.12 1.02 1.07 -1.07 -3.54 0.47 0.91 0.88 1.04 0.98 1.60
EPS (Diluted) 7.78 11.06 8.24 6.53 1.70 8.96 5.42 2.29 4.81 6.98 1.74 -0.06 4.13 3.44 1.91 2.29 4.18 5.37 2.62 3.66 2.87 5.10 3.23 -0.16 2.33 3.35 1.50 2.10 2.99 2.13 2.62 1.92 2.42 1.98 1.05 2.11 2.17 3.28 2.45 2.24 2.30 2.83 2.97 2.53 2.55 3.11 2.69 1.95 2.95 2.70 2.30 2.41 2.33 0.78 2.21 1.26 2.02 1.52 0.79 -0.87 1.92 2.06 2.11 1.35 1.25 2.49 1.65 1.27 1.11 1.36 0.36 1.54 1.54 1.69 1.81 1.86 1.56 1.70 1.47 1.36 1.41 0.25 0.23 1.52 0.31 0.43 0.50 -0.41 1.31 0.12 1.01 1.03 -1.07 -3.35 0.45 0.87 0.84 0.98 0.92 1.51
Shares Outstanding 215.2 220.3 224.1 225.9 226.9 226.9 227.4 228.6 229 228.4 228.8 229.7 231.7 233.2 235.4 238.4 240.9 243.8 247.7 250.7 252.1 253.4 253.3 251.6 254.4 256.8 259.2 261.3 262.9 263.9 266.1 268.7 271 272.8 274.1 277.5 279.7 282.1 286 290.1 294.2 299.7 307.6 314.8 320.8 326.8 335.1 343 350.9 359.1 368.9 375.9 377.7 381 384 388 392 392 415 418.6 428.2 428.2 465.9 484.5 508.4 508.4 558.4 575.8 584.6 584.6 586.7 598.2 615.4 616.2 648.4 658.6 669.9 669.9 685.3 691.8 692.2 692.2 679.2 669.5 668.1 668.1 665.9 664.8 434.6 434.6 434.4 227 208 208 214 217 219.8 217 212 220
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 615 842 592 521 724 568 772 729 667 650 593 605 767 799 773 710 752 761 818 689 663 721 583 623 544 494 508 416 357 373 359 415 397 344 379 328 249 307 269 265 361 266 251 255 282 245 391 207 139.7 352 177 280 315 429 168 94 53 52 81 84 84 165 0 0 0 119.8 0 0 0 22.7 0 0 0 37.2 0 0 0 34.4 0 0 0 46.7 0 0 0 0 0 0 0
Short-Term Investments 97,396 5,716 98,603 92,968 90,573 89,119 90,169 89,511 88,657 88,810 82,956 82,973 82,035 75,437 77,051 75,468 78,733 82,539 82,303 81,792 79,325 79,514 78,903 76,141 71,930 73,077 72,608 70,659 69,594 67,449 66,861 66,228 66,752 67,589 68,016 67,199 66,085 65,380 67,839 67,299 66,572 3,859 4,648 4,852 6,445 5,673 4,876 4,370 4,358.9 2,138 1,895 1,609 2,152 2,838 2,438 850 923 2,331 1,141 1,193 1,168 1,373 0 0 0 982.5 0 0 0 441.4 0 0 0 289.8 0 0 0 939.5 0 0 0 898.1 0 0 0 0 0 0 0
Net Receivables 23,263 14,879 23,793 23,981 23,576 23,033 23,303 12,181 11,477 10,970 10,968 10,976 10,077 21,214 13,218 10,344 21,798 21,042 21,207 21,388 21,352 20,421 20,889 20,866 20,988 20,743 21,086 21,307 21,039 20,661 20,840 20,874 20,669 20,228 20,369 20,195 19,879 19,618 20,030 20,158 20,067 11,435 11,404 11,268 12,672 12,565 13,031 11,709 7,334.8 7,211 3,240 3,155 3,176 3,343 3,711 3,556 3,426 3,395 3,606 3,380 2,988 2,922 2,289 2,435 2,102 2,630.4 2,250 2,276.5 1,617.7 2,213.9 1,559.8 1,541.4 1,462.1 1,559 3,905.3 2,315 2,220.1 2,249.0 1,305.2 2,296.2 1,985.2 2,271.2 2,257.8 1,892.1 1,993.5 2,093.6 1,834.5 1,948.2 1,988.3
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 137 138 0 131 0 16,359 16,281 15,848 16,453 16,084 16,054 0 0 0 0 0 0 0 0 (101,428) (101,277) (98,575) (94,492) (95,003) (95,059) (93,246) (91,925) (89,061) (88,775) (88,215) (88,595) (88,712) (89,452) (88,387) (86,958) (85,894) (88,879) (88,448) (87,805) (15,560) (16,303) (16,375) (19,399) (18,483) (18,298) (16,286) (11,833.4) (9,701) (5,312) (5,044) (5,643) (6,610) (6,317) (4,500) (4,402) (5,778) (4,828) (4,657) (4,240) (4,460) (2,289) (2,435) (2,102) (3,732.7) (2,250) (2,276.5) (1,617.7) (2,677.9) (1,559.8) (1,541.4) (1,462.1) (1,886.0) (3,905.3) (2,315) (2,220.1) (3,223.0) (1,305.2) (2,296.2) (1,985.2) (3,216.0) (2,257.8) (1,892.1) (1,993.5) (2,093.6) (1,834.5) (1,948.2) (1,988.3)
Total Current Assets 123,151 21,437 124,805 119,300 116,677 114,053 115,746 118,780 117,082 116,278 110,970 110,638 108,933 98,474 91,042 86,522 105,194 105,244 107,982 107,450 104,916 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 343 363 438 459 471 488 486 492 492 515 511 508 507 521 531 524 518.5 1,451.6 532.9 288.4 602.4 286.1 283.8 285.8 281.1 285.6 455.5 461.1 478.3 474.9 475.9 475 477.6 463 458.8 455.3 455.9 451.6 439.4 437.7
Goodwill 4,060 4,066 4,271 4,283 4,245 4,233 4,273 4,250 4,251 3,976 3,955 3,975 3,959 3,952 3,922 3,967 4,001 4,008 4,005 4,020 4,017 3,976 3,945 3,925 3,915 3,961 3,929 3,943 3,949 3,937 3,958 3,931 3,959 3,951 3,946 3,589 3,584 3,580 3,585 3,588 3,588 3,365 3,365 3,365 3,365 3,364 3,366 5,311 2,411.5 2,412 894 3,155 874 818 585 519 523 510 510 505 519 509 0 0 0 592.1 0 0 0 0 0 0 0 0 0 0 0 314.5 0 0 0 279.3 0 0 0 0 0 0 0
Intangible Assets 3,918 336 4,033 4,015 3,896 3,854 3,947 371 376 277 278 283 285 3,123 287 294 301 2,848 309 314 318 317 318 319 322 330 329 335 341 345 351 356 341 342 345 264 266 268 271 274 275 543 564 588 636 660 848 1,753 0 422 148 0 139 139 0 0 0 0 0 0 0 0 513 574 581 0 602.1 599.4 399.5 618.5 383.1 245.7 239 167.3 170.5 313.7 323.1 0 286.1 292.9 281.3 0 283.6 274.3 278 284.3 264.3 134.6 127.4
Long-Term Investments 5,582 95,466 5,081 5,097 5,123 5,104 5,281 0 0 0 0 0 0 5,017 0 0 4,931 4,836 5,203 4,753 4,562 79,998 79,313 76,531 72,272 73,502 73,020 71,065 69,994 67,817 67,287 66,652 67,182 68,042 68,617 67,899 66,836 66,112 68,583 68,051 67,282 69,335 70,227 71,150 69,794 68,498 69,525 55,246 39,006.5 35,917 2,247 1,993 2,546 3,208 17,740 16,939 17,072 3,797 21,489 21,482 21,160 22,320 0 0 0 21,928.9 0 0 0 13,925.1 0 0 0 13,042.2 0 0 0 12,023.9 0 0 0 10,257.8 0 0 0 0 0 0 0
Other Non-Current Assets 4,497 21,516 4,453 4,548 4,397 4,183 4,005 4,126 4,062 3,943 3,788 3,831 3,607 3,274 16,900 6,167 4,165 3,530 3,207 3,222 3,219 (84,291) (83,576) (80,775) (76,509) (77,793) (77,278) (75,343) (74,284) (72,099) (71,596) (70,939) (71,482) (72,335) (72,908) (71,752) (70,686) (69,960) (72,439) (71,913) (71,145) (73,243) (74,156) (75,103) (73,795) (72,522) (73,739) (62,310) (41,418) (39,094) (3,652) (3,453) (4,018) (4,636) (18,813) (17,944) (18,087) (4,799) (22,514) (22,498) (22,187) (23,336) (1,034) (1,105) (1,105) (23,039.5) (2,053.7) (1,132.3) (687.9) (15,146.0) (669.2) (529.5) (524.8) (13,490.6) (456.1) (769.2) (784.2) (12,816.6) (761) (768.8) (756.3) (11,014.7) (746.6) (733.1) (733.3) (740.2) (715.9) (574) (565.1)
Total Non-Current Assets 19,158 122,271 18,873 19,573 19,300 19,136 18,842 10,535 10,328 9,700 10,414 9,935 9,419 17,243 23,284 10,428 13,398 15,222 12,724 12,309 12,116 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Assets 142,309 143,708 143,678 138,873 135,977 133,189 134,588 129,315 127,410 125,978 121,384 120,573 118,352 115,717 114,326 116,587 118,592 120,466 120,706 119,759 117,032 116,764 116,384 113,337 109,436 110,122 110,241 108,572 107,246 104,233 104,390 103,523 103,676 103,483 104,311 102,669 101,246 100,245 102,787 102,446 101,680 107,023 108,696 109,560 111,326 110,467 115,644 106,608 65,069.9 64,872 40,538 40,032 39,959 39,935 37,650 35,477 35,548 35,502 41,657 41,139 39,254 38,873 39,203 39,329 39,223 38,322.7 37,504.4 37,448.2 21,126.5 37,358.8 21,460.7 20,925.9 20,389.8 20,681 20,451.9 19,608.5 19,471.6 19,656.5 18,760 18,534.8 17,652 17,495.8 17,366.9 16,962.1 16,741 17,149.2 16,070.1 15,424.6 15,368.2
Current Liabilities
Account Payables 4,188 3,555 4,061 4,099 4,302 3,739 4,231 4,161 4,172 3,787 4,294 4,195 4,378 4,015 4,396 4,373 0 4,295 0 0 0 4,617 4,923 4,903 5,288 4,982 5,375 5,367 5,446 5,074 5,305 5,226 5,333 5,049 5,180 5,064 5,097 4,882 5,011 4,942 4,857 467 638 546 606 714 877 918 0 403 1,020 982 1,010 891 1,862 1,879 1,803 1,060 2,145 1,877 1,695 1,810 0 0 0 2,897.7 0 0 0 0 0 0 0 665.6 0 0 0 1,778.1 0 0 0 1,947.1 0 0 0 0 0 0 0
Short-Term Debt 300 300 300 300 100 100 100 100 100 100 100 100 100 100 100 100 0 100 0 0 0 100 600 600 600 600 100 100 600 600 600 500 500 600 950 950 550 550 100 100 500 123 373 373 352 102 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 22,772 0 23,596 23,288 22,724 22,289 22,783 20,645 19,772 19,722 19,669 18,912 17,783 18,240 17,165 17,811 0 16,469 16,677 16,210 15,742 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 66,912 (92,023) 67,705 66,941 65,976 64,093 64,746 61,041 59,750 58,809 58,704 57,578 55,946 58,649 59,233 57,263 74,765 57,196 56,805 55,906 55,340 (100) 0 0 0 (5,582) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 94,172 0 95,662 94,628 93,102 90,221 91,860 85,947 83,794 82,499 82,767 80,785 78,207 81,004 80,894 79,547 79,379 78,060 78,146 76,789 76,074 4,617 5,523 5,503 5,888 0 5,475 5,467 6,046 5,674 5,905 5,726 5,833 5,649 6,130 6,014 5,647 5,432 5,111 5,042 5,357 590 1,011 919 958 816 877 918 0 1,438 2,053 1,927 1,973 2,111 1,862 1,879 1,803 2,091 2,145 1,877 1,695 1,810 0 0 0 2,897.7 0 0 0 0 0 0 0 665.6 0 0 0 1,778.1 0 0 0 1,947.1 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 8,968 8,967 8,967 7,734 7,933 7,933 7,933 8,032 7,932 7,931 7,931 7,931 7,192 7,192 7,191 7,191 7,291 7,190 7,290 7,290 6,550 6,450 6,450 6,449 5,959 5,958 6,458 6,458 6,457 5,964 5,964 5,964 6,463 5,971 5,971 5,970 5,888 5,887 6,336 6,336 5,844 6,153 6,152 6,154 6,180 5,937 6,243 6,358 1,806.2 2,675 2,535 2,664 2,713 2,586 2,145 1,796 1,823 1,647 1,636 1,593 1,517 1,466 1,316 1,506 1,524 1,260.4 1,097.7 1,075.9 654.7 1,304 762.5 705.7 707.6 689.1 707.6 695.6 671.9 704 620.3 586.5 628.2 622.6 610.3 590.4 584.7 639.7 589.8 578.6 559.7
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 289 274 415 293 558 448 409 0 137 188 87 0 0 0 0 0 0 0 0 0 0 171 370 82 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 7,183 101,847 7,440 6,993 6,751 7,171 7,099 10,474 10,662 10,627 10,708 10,002 9,901 5,961 6,322 6,975 6,391 6,040 6,522 6,109 5,846 75,838 76,114 74,033 72,385 (6,095) 72,513 71,239 70,403 69,701 70,061 69,210 68,401 68,132 68,472 66,827 66,099 65,705 66,730 65,984 66,231 73,994 74,862 75,072 77,268 77,217 82,217 79,402 50,589.9 48,772 29,675 29,541 29,527 29,724 27,314 24,596 24,462 24,537 30,492 30,397 29,004 28,700 30,987 31,032 30,772 27,025.6 29,294.9 29,380.7 15,445.5 28,944 16,043 15,805.7 15,778.6 15,115.4 15,663.6 15,008 14,900.4 13,444.3 14,437.1 14,640.3 14,006.9 12,188.6 13,997 13,693.7 13,464.8 13,505.7 13,034.6 12,526.5 12,564.4
Total Non-Current Liabilities 16,151 110,814 16,407 14,727 14,684 15,104 15,032 18,506 18,594 18,558 18,639 17,933 17,093 13,153 13,513 14,166 13,682 13,519 14,086 13,814 12,689 82,946 83,012 80,891 78,344 0 79,159 77,784 76,860 75,665 76,025 75,174 74,864 74,103 74,443 72,797 71,987 71,592 73,237 72,690 72,157 80,147 81,014 81,226 83,448 83,154 88,460 85,760 52,396.1 51,447 32,210 32,205 32,240 32,310 29,459 26,392 26,285 26,184 32,128 31,990 30,521 30,166 32,303 32,538 32,296 28,286.0 30,392.6 30,456.6 16,100.2 30,248 16,805.5 16,511.4 16,486.2 15,804.5 16,371.2 15,703.6 15,572.3 14,148.3 15,057.4 15,226.8 14,635.1 12,811.2 14,607.3 14,284.1 14,049.5 14,145.4 13,624.4 13,105.1 13,124.1
Total Liabilities 110,323 110,814 112,069 109,355 107,786 105,325 106,892 104,453 102,388 101,057 101,406 98,718 95,300 94,157 94,407 93,713 93,061 91,579 92,232 90,603 88,763 87,563 88,535 86,394 84,232 84,179 84,634 83,251 82,906 81,339 81,930 80,900 80,697 79,752 80,573 78,811 77,634 77,024 78,348 77,732 77,514 80,737 82,025 82,145 84,406 83,970 89,337 86,678 52,396.1 52,885 34,263 34,132 34,213 34,421 31,321 28,271 28,088 28,275 34,273 33,867 32,216 31,976 32,303 32,538 32,296 31,183.6 30,392.6 30,456.6 16,100.2 30,248 16,805.5 16,511.4 16,486.2 16,470.1 16,371.2 15,703.6 15,572.3 15,926.4 15,057.4 15,226.8 14,635.1 14,758.4 14,607.3 14,284.1 14,049.5 14,145.4 13,624.4 13,105.1 13,124.1
Stockholders' Equity
Common Stock 26,092 25,910 25,817 25,728 25,584 25,452 25,339 25,245 25,163 24,906 24,831 24,776 24,703 24,565 24,472 24,419 24,348 24,154 24,084 24,002 23,905 23,743 23,646 23,606 23,542 23,469 23,432 23,372 23,243 23,144 23,089 23,040 22,995 22,886 22,836 22,781 22,724 22,614 22,419 22,349 22,269 0 0 0 0 0 0 0 0 0 0 0 0 0 2,170 2,211 2,219 0 2,211 1,985 1,970 2,079 0 0 0 2,127.7 0 0 0 512.2 0 0 0 475.7 0 0 0 460.5 0 0 0 445.2 0 0 0 0 0 0 0
Retained Earnings 56,404 54,931 52,680 51,041 49,784 49,630 47,789 46,773 46,483 45,591 44,198 44,026 44,273 43,516 42,917 42,684 42,359 41,555 40,438 39,998 39,285 38,771 37,679 37,069 37,325 36,977 36,317 36,135 35,795 35,204 34,799 34,296 33,981 33,462 33,110 33,016 32,623 32,196 31,443 30,921 30,454 17,285 16,792 16,315 14,442 13,805 10,235 2,393 2,795.7 2,290 2,734 2,577 2,473 2,301 3,285 4,143 4,245 4,243 4,119 4,077 3,923 3,827 3,809 3,541 3,422 3,480.1 3,512.6 3,509.1 3,563.1 3,720.1 3,307.3 3,019.9 3,020.5 2,935.9 2,922.1 2,848.5 2,776.4 2,704.1 2,620.2 2,513.8 2,436.7 2,362.3 (47.2) 2,179.1 2,088.4 2,082.8 2,024.7 1,914.7 1,837.5
Accumulated Other Comprehensive Income (3,078) (2,500) (3,094) (4,085) (4,568) (4,967) (3,433) (5,410) (5,131) (4,471) (8,012) (6,009) (5,386) (6,445) (7,908) (5,155) (2,602) 1,193 1,166 1,769 1,291 2,502 2,138 1,882 (49) 640 625 206 (682) (1,859) (2,003) (1,688) (1,322) (343) (285) (344) (615) (755) 660 965 414 1,690 1,271 1,219 258 (232) 295 127 1,190.2 1,086 838 629 602 554 496 459 601 697 667 618 670 542 0 0 0 1,013.1 0 0 0 655.7 0 0 0 596.5 0 0 0 587.0 0 0 0 (30.2) 0 0 0 0 0 0 0
Total Stockholders' Equity 31,986 32,894 31,609 29,518 28,191 27,864 27,696 24,862 25,022 24,921 19,978 21,855 23,052 21,560 19,906 22,874 25,531 28,887 28,474 29,156 28,269 29,201 27,849 26,943 25,204 25,943 25,607 25,321 24,340 22,894 22,460 22,623 22,979 23,731 23,738 23,858 23,612 23,221 24,439 24,714 24,166 26,286 26,671 27,415 26,920 26,497 26,307 19,930 12,673.8 11,987 6,275 5,900 5,746 5,514 6,011 6,869 7,123 7,227 7,047 6,728 6,613 6,472 6,423 6,288 6,424 6,636.4 6,609.1 6,488.9 4,819.3 6,608.1 4,448.2 4,207.5 3,903.6 4,003.9 4,080.7 3,904.9 3,899.3 3,730.1 3,702.6 3,308 3,016.9 2,732.9 2,759.6 2,678 2,691.5 3,003.8 2,445.7 2,319.5 2,244.1
Total Liabilities & Equity 142,309 143,708 143,678 138,873 135,977 133,189 134,588 129,315 127,410 125,978 121,384 120,573 118,352 115,717 114,317 116,587 118,592 120,466 120,706 119,759 117,032 116,764 116,384 113,337 109,436 110,122 110,241 108,572 107,246 104,233 104,390 103,523 103,676 103,483 104,311 102,669 101,246 100,245 102,787 102,446 101,680 107,023 108,696 109,560 111,326 110,467 115,644 106,608 65,069.9 64,872 40,538 40,032 39,959 39,935 37,650 35,477 35,548 35,839 41,657 41,139 39,254 38,873 39,203 39,329 39,223 38,322.7 37,504.4 37,448.2 21,126.5 37,358.8 21,460.7 20,925.9 20,389.8 20,681 20,451.9 19,608.5 19,471.6 19,656.5 18,760 18,534.8 17,652 17,491.3 17,366.9 16,962.1 16,741 17,149.2 16,070.1 15,424.6 15,368.2
Debt Metrics
Total Debt 9,268 9,267 9,267 8,034 8,033 8,033 8,033 8,132 8,032 8,031 8,031 8,031 7,292 7,292 7,291 7,291 7,291 7,290 7,290 7,290 6,550 6,550 7,050 7,049 6,559 6,558 6,558 6,558 7,057 6,564 6,564 6,464 6,963 6,571 6,921 6,920 6,438 6,437 6,436 6,436 6,344 6,276 6,525 6,527 6,532 6,039 6,243 6,358 1,806.2 2,675 2,535 2,664 2,713 2,586 2,145 1,796 1,823 1,647 1,636 1,593 1,517 1,466 1,316 1,506 1,524 1,260.4 1,097.7 1,075.9 654.7 1,304 762.5 705.7 707.6 689.1 707.6 695.6 671.9 704 620.3 586.5 628.2 622.6 610.3 590.4 584.7 639.7 589.8 578.6 559.7
Net Debt 8,653 8,425 8,675 7,513 7,309 7,465 7,261 7,403 7,365 7,381 7,438 7,426 6,525 6,493 6,518 6,581 6,539 6,529 6,472 6,601 5,887 5,829 6,467 6,426 6,015 6,064 6,050 6,142 6,700 6,191 6,205 6,049 6,566 6,227 6,542 6,592 6,189 6,130 6,167 6,171 5,983 6,010 6,274 6,272 6,250 5,794 5,852 6,151 1,666.5 2,323 2,358 2,384 2,398 2,157 1,977 1,702 1,770 1,595 1,555 1,509 1,433 1,301 1,316 1,506 1,524 1,140.6 1,097.7 1,075.9 654.7 1,281.3 762.5 705.7 707.6 651.9 707.6 695.6 671.9 669.6 620.3 586.5 628.2 575.9 610.3 590.4 584.7 639.7 589.8 578.6 559.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income 1,711 2,496 1,888 1,509 395 2,082 1,260 534 1,123 1,626 404 (14) 975 819 454 551 1,018 1,333 662 934 733 1,310 827 (40) 600 873 396 557 796 621 709 524 669 551 293 595 617 943 716 664 691 75 931 877 (302) 587 66 426 441 340 250 69 (218) 142 (657) (595) 96 222 242 207 362 132 137 219 197 128.1 103 (184) 195 119.3 215.2 333.8 192.3 170.1 108.1 150.9 128.8 155.2 142.4 113 110.6 120.8 129.8 127.8 64.4 89.7 141.4 108.5 88
Depreciation & Amortization 193 162 166 164 188 163 174 182 196 170 169 179 204 187 195 210 234 208 212 215 235 212 186 188 203 182 180 190 211 194 198 199 212 202 202 198 211 202 211 200 213 113 236 150 71 25 30 36 8.7 10.3 30 24 22 21 105 26 23 34 30 27 22 0 29 28 37 0 0 31 33 0 0 0 0 0 0 8.1 7.9 7 8.2 6.2 6 8.5 6 4.9 4.5 5.1 5.5 3.7 5.9
Stock-Based Compensation 149 0 (125) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 174 (1,343) 1,198 (158) (1,040) (2,371) (134) 250 (1,498) (1,922) 217 573 (1,625) (1,065) 22 (161) (1,241) (874) 653 (181) (797) (662) 293 180 (1,390) (734) 363 (583) (1,430) (878) (173) (536) (1,248) (1,369) 346 (693) (1,020) (947) (30) (1,334) (1,122) 794 (1,105) (1,069) 1,011 (382) 543 (13) 106.2 (439.2) (618) 196 375 (131) 4,232 981 18 98 (1,244) (202) (492) (251) (402) (12) (162) 78.2 (468) 140 292 384.7 (11.7) (99.5) 42 65.9 (358.4) 226.6 9.6 (243.1) 377.4 (346) 2.2 89.7 (341.3) 100 23.8 54.3 (6.5) 31.1 (28.2)
Other Non-Cash Items (80) 1,370 780 902 1,786 2,240 2,634 796 1,595 2,286 2,299 907 1,426 1,455 1,915 843 1,215 1,024 1,012 880 963 1,003 1,016 1,413 1,209 1,114 1,082 1,011 1,030 981 973 971 977 905 908 851 889 860 919 943 963 617 16 984 750 568 (216) 535 395.7 527.3 32 64 (193) 64 (3,242) 231 25 (669) 885 (352) (113) (92) 430 (347) 5 (240.0) 605 (16) (510) (301.3) 200.4 (51.4) (165.8) (214.5) 836.5 (174.4) 16 390.3 (239.7) 360.4 122.8 33.2 344.2 89.7 129.3 14.7 135.8 22.7 110.8
Operating Cash Flow 2,198 2,685 4,227 2,334 1,360 2,064 3,875 1,677 1,458 2,104 3,046 1,549 1,012 1,340 2,484 1,375 1,266 1,692 2,543 1,849 1,190 1,901 2,326 1,664 628 1,412 2,001 1,153 639 948 1,734 1,144 554 538 1,731 906 848 1,139 1,770 443 850 1,381 703 1,052 1,432 781 423 1,054 938.3 892.7 (306) 353 (14) 96 438 493 211 (101) (38) (236) (188) (211) 196 (112) 77 (33.7) 240 (29) 10 202.6 387.8 175 64.2 303.7 310.9 199.9 155.1 301.2 272.9 116.6 227 237.3 136.5 309.7 215.7 150.3 257 158.2 168
Investing Activities
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (14) (10) (13) (11) (18) (10) (21) (16) (18) (18) (17) (20) (32) (37) (15) (78) (25) (28) (96) (23.0) (9.7) (35) (115) (18.6) (36) (54.9) (15.8) (5.6) (19.2) (7.2) (6.5) (17.6) (14.8) (11.7) (10.8) (28.7) (19.8) (8.3) (9.8) (13.2) (9.7) (11.3) (13)
Acquisitions 0 0 0 0 0 0 0 (1) (381) 0 0 0 0 0 0 0 (4) 0 0 0 (38) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (66) 0 (2) (3) 2 (136) 0 (59) (11) 155 0 (211) 4 (169) (37) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (6,370) (3,311) 7,352 (4,962) (4,417) (5,311) (4,022) (4,465) (3,854) (3,510) (5,063) (3,843) (4,543) (3,885) (4,397) (3,729) (4,607) (4,032) (5,149) (5,048) (4,870) (4,068) (5,515) (3,456) (2,768) (3,251) (3,559) (2,100) (3,191) (2,896) (2,424) (4,205) (4,082) (3,345) (3,456) (3,320) (3,202) (2,863) (3,576) (3,147) (2,874) (4,019) (4,406) (4,204) (3,853) (3,704) (1,870) (5,050) (3,460.6) (3,782.4) (888) (2,856) (1,415) (2,419) (2,723) (1,598) (1,436) (1,492) (1,965) (1,345) (1,612) (1,822) (1,499) (1,817) (1,585) (930.6) (1,688) (1,297) (991) (644.5) (1,468.6) (2,128.5) (790.3) (906.7) (787.2) (689) (765.2) (852.6) (709.8) (706.5) (599.7) (555.7) (449) (643.7) (574.6) (791.9) (637.7) (440.6) (614.5)
Sales/Maturities of Investments 3,407 3,095 (7,111) 3,379 3,732 3,735 690 3,445 3,292 1,874 2,442 2,129 4,222 3,318 2,844 3,101 4,047 3,320 3,599 3,099 4,199 3,341 3,439 1,641 2,937 2,490 2,297 2,080 2,764 2,363 1,211 4,239 3,787 3,720 2,778 2,711 2,755 2,659 2,629 3,290 2,745 1,746 2,449 3,372 3,406 3,422 1,396 7,201 3,268.1 3,065.9 1,313 1,667 1,968 2,294 1,682 1,134 1,650 1,807 1,959 1,642 2,038 1,924 1,207 1,689 1,424 874.4 1,465 1,445 1,105 595.7 1,063.7 2,060.8 773.2 696.3 753.9 518.5 658.5 598.1 542.5 444 406.8 297.1 341.9 406.7 420 765.9 613.3 267.5 498.2
Other Investing Activities 2,628 (359) (4,794) (133) (123) (117) (59) (122) (94) (148) (104) (143) (134) (107) (134) (82) (93) (62) (87) (62) (65) (188) (87) (83) (85) (94) (84) (95) (159) (37) (89) (110) (86) (76) (508) (66) (68) (122) (96) (88) (17) (233) 212 180 (396) (650) (26) (2,623) 308.1 (632.1) (224) 494 (293) 63 175 (204) (89) (10) 100 126 (71) 42 323 1 (5) (49.7) (134) 49 58 (8.0) (76.7) 8.4 (21.2) 3.0 (211.9) 5.8 15.9 (1.7) (95.6) 23.9 (7.8) 81.1 25 (21.8) (16) (75.1) (209.4) 5.7 (24.7)
Investing Cash Flow (335) (575) (4,553) (1,716) (808) (1,693) (3,391) (1,143) (1,037) (1,784) (2,725) (1,857) (455) (674) (1,687) (710) (657) (774) (1,637) (2,011) (774) (915) (2,163) (1,898) 84 (855) (1,346) (115) (586) (570) (1,302) (76) (381) 299 (1,186) (675) (515) (326) (1,043) 55 (146) (2,506) (1,745) (652) (843) (932) (580) (482) 100.6 (1,362.6) 185 (841) 239 (137) (895) (531) 108 74 66 217 303 66 55 (155) (262) (129.0) (268) 162 57 (75.4) (517.6) (114.2) (54.1) (212.9) (264.4) (171.9) (97.3) (273.9) (277.7) (250.3) (211.5) (206.2) (101.9) (267.1) (180.4) (114.3) (243.5) (178.7) (154)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (500) 0 490 0 0 0 (500) 492 0 100 (500) 391 (350) 0 482 0 0 0 0 0 (41) (479) (2) (185) 29 167 (444) (80.4) 681.4 129 435 (158) 130 (183) 310 (22) 9 43 33 50 169 (216) (9) 254 158.5 14 (67) (91) (46.9) 17.7 57.7 21.3 (40.7) 21.6 0 0 85.5 36.9 (38.9) 9.1 (59.8) 16.5 8.3 28.5 (28.1) 14 21.4 18.2
Stock Repurchased (1,785) (1,637) (620) (522) (352) (258) (249) (250) (360) (65) (101) (396) (460) (501) (501) (500) (559) (801) (601) (401) (397) (201) 0 0 (471) (376) (375) (376) (421) (170) (400) (350) (401) (351) (328) (475) (286) (751) (562) (550) (609) (13) (6) (8) (11) (9) (13) (47) (903.7) (2.3) (21) (28) (48) (57) (213) (267) (219) (24) (179) (2) (331) (170) 0 (36) (229) (134.9) 0 0 0 (0.0) 174 (301.9) (0.1) (13.9) (18.7) (21.4) (20.2) (41.2) 0 0 (0.5) 0.1 (0.5) (4.5) (29.2) 0 0 0 (0.2)
Dividends Paid (237) (242) (247) (250) (240) (240) (238) (244) (229) (232) (229) (232) (215) (219) (220) (223) (213) (214) (219) (222) (214) (218) (217) (216) (210) (211) (214) (214) (205) (203) (207) (207) (197) (196) (200) (199) (190) (188) (194) (195) (180) (160) (157) (150) (263) (81) (68) (81) (63.5) (60.5) (68) (62) (63) (60) (60) (61) (63) (61) (60) (59) (61) (62) (61) (62) (61) (61.9) (62) (53) (50) (42.1) (45.9) (63.2) (39.5) (39.5) (39.6) (39.7) (36.5) (36.8) (36.7) (36.7) (34.5) (34.5) (34.5) (34.5) (32.6) (32.6) (32.5) (32.5) (31.6)
Other Financing Activities (149) 0 1,233 70 57 76 33 22 190 24 7 766 82 62 11 35 159 37 50 811 134 55 0 0 31 7 32 111 63 15 19 13 85 25 30 35 83 168 35 156 64 0 (13) 17 (78) 0 (42) 0 (821.7) (101.3) (40) (14) 20 64 815 130 27 84 127 70 117 123 85 308 238 177.8 103 19 31 1.5 (42) 245.7 9.2 15.9 (7) 30.6 (2.3) 178.0 (4.1) 3.4 (0.2) 70.3 (16.1) 5.6 (6.3) 27.1 10 22.5 1.7
Financing Cash Flow (2,085) (1,828) 402 (702) (535) (422) (454) (472) (399) (273) (323) 138 (593) (658) (710) (688) (613) (978) (770) 188 (477) (864) (210) 308 (650) (580) (557) (979) (71) (358) (488) (1,044) (122) (872) (498) (157) (393) (771) (721) (589) (725) 296 (626) (111) (537) (61) 44 (572) (979.8) 527.8 4 744 (249) 77 443 112 (277) 29 (52) 37 (186) 135 (199) 217 208 153.1 40 (135) (49) (87.5) 105.7 (43.2) (9.1) (78.2) (43.7) (30.5) (59) (21.6) (3.9) 134.8 (26.1) (23.9) (34.6) (25.1) (39.6) (33.6) (8.5) 11.4 (11.9)
Cash Position
Net Change in Cash (227) 113 70 (65) 25 (73) 43 62 17 57 (12) (162) (32) 26 63 (42) (9) (57) 129 26 (58) 138 (40) 79 50 (14) 92 59 (16) 14 (56) 18 53 (35) 51 79 (58) 38 4 (96) (19) (296) 197 279 52 (212) (103) 0 58.9 57.9 (114) 263 (19) 34 (17) 74 41 2 29 18 (71) (10) 50 (48) 23 (9.6) 35 (2) 18 0 0 0 (37.2) 0 0 0 (34.4) 0 0 0 (46.7) 0 0 0 (25.4) 0 0 0 (26.6)
Cash at Beginning 842 729 659 724 699 772 729 667 650 593 605 767 799 773 710 752 761 818 689 663 721 583 623 544 494 508 416 357 373 359 415 397 344 379 328 249 307 269 265 361 380 738 541 262 140 352 253 209 150.1 92.2 429 166 185 151 168 94 53 81 52 34 105 175 121 169 146 129.4 129 131 113 0 0 0 37.2 0 0 0 34.4 0 0 0 46.7 0 0 0 25.4 0 0 0 26.6
Cash at End 615 842 729 659 724 699 772 729 667 650 593 605 767 799 773 710 752 761 818 689 663 721 583 623 544 494 508 416 357 373 359 415 397 344 379 328 249 307 269 265 361 442 738 541 192 140 150 209 209 150.1 315 429 166 185 151 168 94 83 81 52 34 165 171 121 169 119.8 164 129 131 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow 2,198 2,685 4,227 2,334 1,360 2,064 3,875 1,677 1,458 2,104 3,046 1,549 1,012 1,340 2,484 1,375 1,266 1,692 2,543 1,849 1,190 1,901 2,326 1,664 628 1,412 2,001 1,153 639 948 1,734 1,144 554 538 1,731 906 848 1,139 1,770 443 850 1,381 703 1,052 1,432 781 409 1,054 938.3 892.7 (324) 343 (35) 80 420 475 194 (121) (70) (273) (203) (289) 220 (140) (19) (56.7) 329 (64) (105) 184.0 351.8 120.1 48.4 298.2 291.7 192.7 148.6 283.7 258.1 104.9 216.2 208.7 116.7 301.4 205.9 137.1 247.3 146.9 155
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 11,924 12,432 12,470 12,116 11,810 12,013 11,904 11,283 11,228 10,936 10,635 10,098 9,704 9,639 9,312 9,136 8,809 9,011 8,805 8,687 8,313 8,397 8,275 7,401 7,908 8,063 8,013 7,834 7,671 7,796 7,723 7,477 7,286 7,451 7,325 7,184 6,942 7,193 6,961 6,785 6,686 6,674 6,798 6,710 6,629 6,783 6,886 6,785 6,708 6,737 6,452 6,674 6,328 6,477 6,512 6,359 6,392 6,373 6,407 6,388 6,278 6,332 6,482 6,179 6,119 6,456 6,327 6,162 5,735 5,805 6,145 6,295 6,232 6,491 6,526 6,573 6,427 6,469 6,316 6,255 6,050 6,181 6,042 6,037 6,105 6,365 6,129 6,060 4,127 2,323 3,749 2,012 2,344 2,388 2,163 2,162 2,220 2,031 1,971 2,146
Gross Profit 5,542 6,600 5,876 3,525 2,026 4,172 3,118 2,232 2,874 3,415 1,882 1,352 2,283 2,281 1,818 1,968 2,460 2,891 2,060 2,388 2,136 2,841 2,182 1,121 1,941 2,242 1,614 1,879 2,112 1,896 1,951 1,834 1,929 2,037 1,460 1,927 1,845 2,440 2,093 2,034 2,003 2,339 2,429 2,200 2,235 2,591 2,382 1,994 2,443 2,440 2,202 2,194 2,227 1,333 2,167 1,597 2,057 1,780 1,289 277 1,948 2,185 2,303 1,810 1,802 2,747 2,237 1,874 1,601 5,805 1,284 2,242 2,257 2,398 2,585 2,562 2,369 2,600 2,411 2,288 2,208 1,110 851 2,153 2,072 1,335 1,223 386 1,320 292 1,054 516 (83) (563) 461 599 592 1,557 504 708
Operating Income 2,119 3,103 2,344 1,881 468 2,594 1,560 656 1,370 2,019 472 (48) 928 987 528 657 1,182 1,650 786 1,131 891 1,616 986 (85) 720 1,074 432 665 967 746 806 631 778 860 320 790 760 1,302 947 887 917 1,209 1,307 1,076 1,148 1,460 1,258 901 1,470 1,371 1,177 1,177 1,220 311 1,170 608 1,077 778 332 (727) 969 1,197 1,371 881 857 1,793 1,250 941 727 927 188 1,287 1,314 1,441 1,674 1,641 1,460 1,589 1,454 1,344 1,338 197 (8) 1,294 1,188 371 364 (541) 817 (54) 601 249 (364) (985) 133 298 283 1,144 1,327 1,548
Net Income 1,711 2,496 1,888 1,509 395 2,082 1,260 534 1,123 1,626 404 (14) 975 819 454 551 1,018 1,333 662 934 733 1,310 827 (40) 600 873 396 557 796 621 709 524 669 551 293 595 617 943 716 664 691 866 928 812 833 1,038 919 683 1,052 988 864 925 896 304 864 499 806 618 333 (364) 839 894 1,005 670 647 1,285 935 740 662 801 214 942 967 1,063 1,198 1,254 1,086 1,189 1,043 970 1,006 179 162 1,069 212 303 340 (275) 587 52 441 244 (223) (736) 104 202 193 231 212 358
EPS (Diluted) 7.78 11.06 8.24 6.53 1.70 8.96 5.42 2.29 4.81 6.98 1.74 -0.06 4.13 3.44 1.91 2.29 4.18 5.37 2.62 3.66 2.87 5.10 3.23 -0.16 2.33 3.35 1.50 2.10 2.99 2.13 2.62 1.92 2.42 1.98 1.05 2.11 2.17 3.28 2.45 2.24 2.30 2.83 2.97 2.53 2.55 3.11 2.69 1.95 2.95 2.70 2.30 2.41 2.33 0.78 2.21 1.26 2.02 1.52 0.79 -0.87 1.92 2.06 2.11 1.35 1.25 2.49 1.65 1.27 1.11 1.36 0.36 1.54 1.54 1.69 1.81 1.86 1.56 1.70 1.47 1.36 1.41 0.25 0.23 1.52 0.31 0.43 0.50 -0.41 1.31 0.12 1.01 1.03 -1.07 -3.35 0.45 0.87 0.84 0.98 0.92 1.51
Balance Sheet
Cash & Equivalents 615 842 592 521 724 568 772 729 667 650 593 605 767 799 773 710 752 761 818 689 663 721 583 623 544 494 508 416 357 373 359 415 397 344 379 328 249 307 269 265 361 266 251 255 282 245 391 207 139.7 352 177 280 315 429 168 94 53 52 81 84 84 165 0 0 0 119.8 0 0 0 22.7 0 0 0 37.2 0 0 0 34.4 0 0 0 46.7 0 0 0 0 0 0 0
Total Assets 142,309 143,708 143,678 138,873 135,977 133,189 134,588 129,315 127,410 125,978 121,384 120,573 118,352 115,717 114,326 116,587 118,592 120,466 120,706 119,759 117,032 116,764 116,384 113,337 109,436 110,122 110,241 108,572 107,246 104,233 104,390 103,523 103,676 103,483 104,311 102,669 101,246 100,245 102,787 102,446 101,680 107,023 108,696 109,560 111,326 110,467 115,644 106,608 65,069.9 64,872 40,538 40,032 39,959 39,935 37,650 35,477 35,548 35,502 41,657 41,139 39,254 38,873 39,203 39,329 39,223 38,322.7 37,504.4 37,448.2 21,126.5 37,358.8 21,460.7 20,925.9 20,389.8 20,681 20,451.9 19,608.5 19,471.6 19,656.5 18,760 18,534.8 17,652 17,495.8 17,366.9 16,962.1 16,741 17,149.2 16,070.1 15,424.6 15,368.2
Total Debt 9,268 9,267 9,267 8,034 8,033 8,033 8,033 8,132 8,032 8,031 8,031 8,031 7,292 7,292 7,291 7,291 7,291 7,290 7,290 7,290 6,550 6,550 7,050 7,049 6,559 6,558 6,558 6,558 7,057 6,564 6,564 6,464 6,963 6,571 6,921 6,920 6,438 6,437 6,436 6,436 6,344 6,276 6,525 6,527 6,532 6,039 6,243 6,358 1,806.2 2,675 2,535 2,664 2,713 2,586 2,145 1,796 1,823 1,647 1,636 1,593 1,517 1,466 1,316 1,506 1,524 1,260.4 1,097.7 1,075.9 654.7 1,304 762.5 705.7 707.6 689.1 707.6 695.6 671.9 704 620.3 586.5 628.2 622.6 610.3 590.4 584.7 639.7 589.8 578.6 559.7
Stockholders' Equity 31,986 32,894 31,609 29,518 28,191 27,864 27,696 24,862 25,022 24,921 19,978 21,855 23,052 21,560 19,906 22,874 25,531 28,887 28,474 29,156 28,269 29,201 27,849 26,943 25,204 25,943 25,607 25,321 24,340 22,894 22,460 22,623 22,979 23,731 23,738 23,858 23,612 23,221 24,439 24,714 24,166 26,286 26,671 27,415 26,920 26,497 26,307 19,930 12,673.8 11,987 6,275 5,900 5,746 5,514 6,011 6,869 7,123 7,227 7,047 6,728 6,613 6,472 6,423 6,288 6,424 6,636.4 6,609.1 6,488.9 4,819.3 6,608.1 4,448.2 4,207.5 3,903.6 4,003.9 4,080.7 3,904.9 3,899.3 3,730.1 3,702.6 3,308 3,016.9 2,732.9 2,759.6 2,678 2,691.5 3,003.8 2,445.7 2,319.5 2,244.1
Cash Flow
Operating Cash Flow 2,198 2,685 4,227 2,334 1,360 2,064 3,875 1,677 1,458 2,104 3,046 1,549 1,012 1,340 2,484 1,375 1,266 1,692 2,543 1,849 1,190 1,901 2,326 1,664 628 1,412 2,001 1,153 639 948 1,734 1,144 554 538 1,731 906 848 1,139 1,770 443 850 1,381 703 1,052 1,432 781 423 1,054 938.3 892.7 (306) 353 (14) 96 438 493 211 (101) (38) (236) (188) (211) 196 (112) 77 (33.7) 240 (29) 10 202.6 387.8 175 64.2 303.7 310.9 199.9 155.1 301.2 272.9 116.6 227 237.3 136.5 309.7 215.7 150.3 257 158.2 168
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (14) (10) (13) (11) (18) (10) (21) (16) (18) (18) (17) (20) (32) (37) (15) (78) (25) (28) (96) (23.0) (9.7) (35) (115) (18.6) (36) (54.9) (15.8) (5.6) (19.2) (7.2) (6.5) (17.6) (14.8) (11.7) (10.8) (28.7) (19.8) (8.3) (9.8) (13.2) (9.7) (11.3) (13)
Free Cash Flow 2,198 2,685 4,227 2,334 1,360 2,064 3,875 1,677 1,458 2,104 3,046 1,549 1,012 1,340 2,484 1,375 1,266 1,692 2,543 1,849 1,190 1,901 2,326 1,664 628 1,412 2,001 1,153 639 948 1,734 1,144 554 538 1,731 906 848 1,139 1,770 443 850 1,381 703 1,052 1,432 781 409 1,054 938.3 892.7 (324) 343 (35) 80 420 475 194 (121) (70) (273) (203) (289) 220 (140) (19) (56.7) 329 (64) (105) 184.0 351.8 120.1 48.4 298.2 291.7 192.7 148.6 283.7 258.1 104.9 216.2 208.7 116.7 301.4 205.9 137.1 247.3 146.9 155