Twilio Inc. logo TWLO - Twilio Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 39
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $192.25 DETAILS
HIGH: $250.00
LOW: $100.00
MEDIAN: $197.50
CONSENSUS: $192.25
UPSIDE: 2.33%
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 1,406.9 1,365.9 1,300.4 1,228.4 1,172.5 1,194.8 1,133.6 1,082.5 1,047.0 1,076.0 1,033.7 1,037.8 1,006.6 1,024.6 983.0 943.4 875.4 842.7 740.2 668.9 590.0 548.1 448.0 400.8 364.9 331.2 295.1 275.0 233.1 204.3 168.9 147.8 129.1 115.2 100.5 95.9 87.4 82.0 71.5 64.5 59.3 51.3 44.3 38.0 33.4 27.7 23.5 20.1 18.8
Cost of Revenue 722.7 703.6 668.3 625.7 590.9 595.1 555.0 526.7 503.0 544.8 517.4 532.0 515.9 543.4 521.0 498.1 450.3 446.2 375.6 337.7 291.7 266.0 217.1 191.7 171.3 156.5 136.9 125.0 107.1 96.3 77.0 67.9 59.6 55.0 48.3 42.3 37.3 34.2 31.3 28.2 26.8 22.5 19.6 16.8 15.5 13.6 10.7 8.8 8.6
Gross Profit 684.2 662.4 632.1 602.7 581.6 599.7 578.6 555.8 544.0 531.2 516.3 505.8 490.7 481.1 462.1 445.3 425.1 396.5 364.6 331.2 298.3 282.1 230.9 209.1 193.5 174.7 158.2 150.0 126.0 108.0 91.9 79.8 69.5 60.2 52.3 53.5 50.1 47.7 40.2 36.3 32.5 28.9 24.7 21.1 17.8 14.1 12.8 11.3 10.2
Operating Expenses
R&D Expenses 262.2 260.1 262.3 243.5 254.3 252.6 261.5 242.8 251.6 235.6 241.7 226.9 238.6 274.1 284.7 279.6 240.6 223.2 209.9 181.3 174.8 158.9 136.7 120.7 114.3 110.2 104.5 98.8 77.9 51.6 42.3 39.8 37.6 32.8 31.7 29.7 26.5 24.6 21.1 17.4 14.9 13.1 11.6 9.4 8.5 7.1 6.0 4.6 4.7
SG&A Expenses 314.4 283.0 328.8 322.3 304.2 286.2 322.0 332.1 326.0 345.6 377.0 396.5 372.5 421.4 464.2 477.6 402.3 456.9 387.1 352.2 320.8 308.6 206.5 191.1 171.9 158.3 148.3 145.0 135.8 93.2 74.6 62.0 56.2 46.4 44.6 30.9 38.3 32.1 30.4 29.8 24.0 24.0 22.0 21.2 18.1 15.4 12.8 13.0 11.9
Other Expenses 0 45.6 0 0 0 47.3 0 0 9.9 311.7 6.6 24.2 143.7 4.2 170.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.1 0 0 0 1.2 0 0 0 3.9 0 0 (0.0) 0.1 (0.0) (0.1) 0.1 0 0 0 0
Operating Expenses 576.6 588.7 591.1 565.8 558.5 586.0 583.5 574.9 587.5 892.9 625.2 647.6 754.8 699.7 919.1 757.2 642.9 680.2 597.0 533.5 495.6 467.4 343.1 311.8 286.2 268.5 252.8 243.7 213.6 152.0 116.9 101.8 93.8 80.4 76.3 60.6 64.8 60.6 51.5 47.2 38.9 37.1 33.6 30.6 26.6 22.5 18.9 17.6 16.4
Operating Income
Operating Income 107.7 73.7 40.9 37.0 23.1 13.7 (4.9) (19.0) (43.5) (361.7) (108.9) (141.8) (264.1) (218.6) (457.0) (311.9) (217.8) (283.6) (232.3) (202.3) (197.3) (185.3) (112.3) (102.6) (92.7) (93.8) (94.7) (93.7) (87.6) (44.0) (25.0) (22.0) (24.3) (20.2) (24.0) (7.1) (14.8) (12.8) (11.3) (10.9) (6.4) (8.2) (8.9) (9.5) (8.8) (8.1) (6.0) (6.3) (6.2)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19.6 11.1 5.9 5.5 6.4 6.5 6.5 6.3 6.4 6.2 6.2 6.0 6.0 2.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 17.5 0 16.3 17.9 18.9 19.5 20.1 23.5 27.2 24.5 19.3 16.7 17.2 17.1 16.3 15.6 15.6 16.2 16.2 5.6 3.9 8.7 7.1 7.8 8.8 9 7.7 2.6 1.5 0.8 0.8 0.7 0.7 0 0 0.6 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 141.8 121.2 89.4 86.8 72.6 63.5 45.9 33.0 19.8 15.4 (29.7) (42.6) (49.0) (143.1) (216.7) (242.3) (149.7) (214.9) (162.1) (142.5) (137.7) (133.7) (79.0) (70.1) (60.5) (62.7) (65.0) (65.4) (66.3) (29.0) (18.2) (16.2) (18.6) (13.7) (19.1) (2.5) (10.8) (5.9) (9.3) (9.1) (4.8) (6.8) (7.8) (8.5) (8.1) (7.9) (5.9) (6.2) (6.0)
EBIT 107.7 73.7 40.9 37.0 23.1 13.7 (4.9) (19.0) (33.6) (50.0) (102.3) (117.6) (120.4) (214.4) (286.8) (311.9) (217.8) (283.6) (232.3) (202.3) (197.3) (185.3) (112.3) (102.6) (92.7) (93.8) (94.7) (93.7) (87.6) (36.9) (25.0) (22.0) (24.3) (19.0) (24.0) (7.1) (14.8) (9.0) (11.3) (10.9) (6.4) (8.2) (8.9) (9.5) (8.8) (8.1) (6.0) (6.3) (6.2)
Income Before Tax 102.2 (37.8) 32.7 33.6 26.6 (13.6) (3.7) (26.2) (45.2) (359.7) (140.0) (165.4) (331.7) (220.2) (478.7) (320.2) (224.5) (289.8) (239.0) (226.6) (205.7) (194.7) (116.3) (99.6) (93.8) (89.1) (90.3) (94.6) (88.2) (46.7) (27.0) (23.9) (23.6) (19.1) (23.0) (6.6) (14.3) (12.6) (11.1) (10.9) (6.4) (8.1) (9.0) (9.5) (8.7) (8.4) (6.0) (6.3) (6.2)
Income Tax Expense 12.1 8.1 (4.6) 11.2 6.6 (1.1) 6.1 5.6 10.2 5.8 1.7 0.7 10.5 9.2 3.6 2.6 (2.9) 1.6 (14.8) 1.3 0.9 (15.4) 0.6 0.3 1.0 1.2 (2.6) (2.0) (51.7) 0.4 0.1 0.1 0.1 (0.2) 0.4 0.5 (0.0) 0.0 0.1 0.1 0.1 0.1 0.0 0.0 (0.1) 0.0 0 0.0 0.0
Net Income 90.1 (45.9) 37.2 22.4 20.0 (12.5) (9.7) (31.9) (55.3) (365.4) (141.7) (166.2) (342.1) (229.4) (482.3) (322.8) (221.6) (291.4) (224.1) (227.9) (206.5) (179.4) (116.9) (99.9) (94.8) (90.2) (87.7) (92.6) (36.5) (47.2) (27.1) (24.0) (23.7) (18.9) (23.5) (7.1) (14.2) (12.6) (11.3) (11.0) (6.5) (8.3) (9.0) (9.6) (8.7) (8.4) (6.0) (6.3) (6.2)
Per Share Data
EPS (Basic) 0.59 -0.30 0.24 0.15 0.13 -0.08 -0.06 -0.19 -0.31 -2.01 -0.78 -0.91 -1.84 -1.24 -2.63 -1.77 -1.23 -1.63 -1.26 -1.31 -1.24 -1.13 -0.79 -0.71 -0.68 -0.66 -0.64 -0.72 -0.31 -0.47 -0.28 -0.25 -0.25 -0.20 -0.25 -0.08 -0.16 -0.14 -0.13 -0.45 -0.08 -0.11 -0.13 -0.13 -0.14 -0.49 -0.36 -0.38 -0.37
EPS (Diluted) 0.57 -0.30 0.23 0.14 0.12 -0.08 -0.06 -0.19 -0.31 -2.01 -0.78 -0.91 -1.84 -1.24 -2.63 -1.77 -1.23 -1.63 -1.26 -1.31 -1.24 -1.13 -0.79 -0.71 -0.68 -0.66 -0.64 -0.72 -0.31 -0.47 -0.28 -0.25 -0.25 -0.20 -0.25 -0.08 -0.16 -0.14 -0.13 -0.45 -0.08 -0.11 -0.13 -0.13 -0.14 -0.49 -0.36 -0.38 -0.37
Shares Outstanding 152.4 152.3 153.1 153.2 153.3 165.9 159.1 170.2 181.0 181.8 181.7 183.5 186.4 185.1 183.7 182.3 180.9 178.9 177.2 173.4 167.2 158.4 147.5 141.6 139.2 137.7 136.4 129.3 116.6 99.4 98.0 96.3 94.7 93.2 92.2 90.9 88.6 87.2 83.9 24.3 82.2 72.0 72.0 72.0 61.1 17.1 16.8 16.8 16.8
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 542.0 682.3 734.8 969.2 467.1 421.3 584.0 755.1 672.6 655.9 677.9 675.1 634.8 651.8 632.8 798.6 1,617.0 1,479.5 1,497.5 1,799.6 2,331.8 933.9 1,127.1 475.7 345.5 253.7 330.6 535.9 377.7 487.2 469.1 493.5 117.7 115.3 91.9 92.2 118.4 305.7 252.2 261.4 103.3
Short-Term Investments 1,804.3 1,788.0 1,724.1 1,573.4 1,981.0 1,963.1 2,114.3 2,361.1 3,154.0 3,356.1 3,179.5 3,008.9 3,310.5 3,503.3 3,575.8 3,593.7 3,606.3 3,878.4 3,896.8 4,125.6 3,375.3 2,105.9 2,171.6 1,427.6 1,497.9 1,599.0 1,551.2 1,346.4 541.2 261.1 276.2 301.1 190.3 175.6 192.0 197.0 170.1 0 0 0 0
Net Receivables 710.5 636.7 613.1 588.0 577.6 588.5 550.9 537.3 540.9 562.8 557.2 599.8 575.7 547.5 487.8 471.9 406.7 388.2 345.8 301.5 257.9 251.2 203.8 194.6 172.9 154.1 131.2 126.8 105.1 97.7 80.2 67.6 57.3 43.1 37.3 37.3 30.0 26.2 29.4 23.0 21.2
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
Other Current Assets 112.5 162.4 124.7 138.7 120.8 140.4 299.2 310.3 310.1 132.4 327.0 380.7 335.6 281.5 0 0 0 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 Assets 3,446.8 3,576.7 3,477.3 3,531.6 3,467.9 3,447.3 3,548.3 3,963.7 4,677.6 4,904.0 4,741.6 4,664.5 4,856.5 4,984.1 4,962.3 5,104.4 5,831.2 5,932.2 5,905.8 6,373.7 6,094.0 3,372.3 3,569.0 2,160.7 2,077.7 2,061.3 2,068.4 2,059.5 1,063.1 872.9 850.7 884.0 382.1 353.3 347.6 345.6 341.7 353.4 299.8 301.2 136.0
Non-Current Assets
Property, Plant & Equipment 210.9 216.0 222.6 231.1 112.1 244.4 253.2 486.5 164.8 283.6 301.4 321.6 357.6 385.3 391.4 478.2 485.0 489.9 485.8 439.8 437.2 441.8 366.0 358.1 310.4 298.0 266.6 258.4 261.7 63.5 59.2 56.7 53.7 50.5 47.7 44.1 40.9 37.6 26.0 20.5 16.8
Goodwill 5,292.5 5,291.8 5,243.3 5,243.3 5,243.3 5,243.3 5,243.3 5,243.3 5,243.3 5,243.3 5,243.3 5,243.3 5,284.4 5,284.2 5,284.6 5,285.6 5,286.7 5,263.2 5,263.1 4,664.2 4,635.2 4,595.4 2,291.6 2,291.6 2,291.6 2,296.8 2,283.4 2,283.6 2,277.2 38.2 37.1 17.5 18.3 17.9 17.4 16.9 16.2 3.6 3.2 3.2 3.2
Intangible Assets 125.4 142.1 157.4 184.3 331.7 238.5 265.8 69.3 426.8 350.5 678.7 727.6 797.7 849.9 901.2 953.5 1,006.7 1,050.0 1,102.6 913.3 951.9 966.6 404.4 424.7 445.2 460.8 465.3 485.4 503.9 27.6 29.8 17.1 19.0 20.1 21.3 22.3 22.8 10.3 2.6 2.6 2.3
Long-Term Investments 297.3 301.6 413.0 439.0 464.6 485.8 515.0 541.1 568.1 593.6 623.1 656.9 684.1 699.9 732.5 750 0 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 Assets 203.9 242.7 198.7 219.0 195.2 206.1 211.7 203.8 208.6 234.8 269.7 290.6 318.5 360.9 340.7 297.5 281.3 263.3 219.6 142.6 123.9 111.3 92.6 55.5 41.4 33.6 26.6 22.2 14.1 26.5 27.0 10.5 9.7 8.1 9.5 8.9 8.2 7.9 9.0 9.1 8.9
Total Non-Current Assets 6,130.0 6,194.2 6,235.0 6,316.7 6,346.9 6,418.2 6,488.9 6,544.0 6,611.7 6,705.7 7,116.2 7,240.0 7,442.4 7,580.2 7,650.4 7,764.8 7,059.6 7,066.4 7,071.0 6,159.9 6,148.2 6,115.1 3,154.7 3,129.9 3,088.6 3,089.2 3,041.7 3,049.6 3,056.9 155.8 153.0 101.8 100.7 96.5 95.9 92.3 88.1 59.3 40.7 35.4 31.3
Total Assets 9,576.8 9,770.9 9,712.3 9,848.3 9,814.7 9,865.5 10,037.3 10,507.7 11,289.3 11,609.7 11,857.7 11,904.5 12,298.9 12,564.3 12,612.7 12,869.2 12,890.8 12,998.6 12,976.8 12,533.6 12,242.2 9,487.4 6,723.7 5,290.6 5,166.3 5,150.5 5,110.2 5,109.1 4,120.1 1,028.7 1,003.8 985.8 482.8 449.8 443.5 437.9 429.8 412.7 340.6 336.6 167.3
Current Liabilities
Account Payables 91.7 85.1 40.3 76.2 107.7 100.2 71.3 61.8 82.2 119.6 104.4 93.5 121.2 124.6 103.2 102.0 93.4 93.3 76.3 106.0 66.5 60.0 39.9 27.5 18.4 39.1 25.9 29.4 22.4 18.5 12.8 23.8 17.9 11.1 7.1 4.3 6.2 4.2 6.2 8.7 9.6
Short-Term Debt 32.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.1 2.1 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 159.6 158.7 159.2 148.0 154.0 155.7 138.8 138.7 142.4 144.5 146.0 139.4 136.5 139.1 135.6 137.7 139.7 140.4 121.3 98.7 93.5 87.0 33.9 29.1 26.7 26.4 26.0 24.9 23.3 19.6 18.7 16.9 14.8 13.8 13.6 12.6 11.1 10.2 9.5 8.7 6.9
Other Current Liabilities 456.9 143.1 108.0 59.6 42.3 110.1 83.0 7.1 29.7 29.1 31.4 55.3 69.2 40.2 128.4 20.1 26.2 64.7 19.4 7.6 16.2 6.3 16.3 4.2 16.0 10.5 11.5 6.2 8.5 4.1 5.9 3.1 4.5 2.5 4.2 1.9 0.5 5.6 0 0 0
Total Current Liabilities 740.3 887.0 742.3 720.1 725.9 820.2 700.7 711.5 714.6 738.3 726.1 759.8 788.4 808.2 864.2 795.3 719.8 703.5 617.1 583.3 499.9 448.3 326.3 296.4 277.0 247.2 216.2 201.8 182.3 137.8 125.4 122.8 109.3 78.5 76.0 67.4 79.6 73.7 66.2 59.6 52.5
Non-Current Liabilities
Long-Term Debt 992.7 992.3 991.9 991.4 991.0 990.6 990.2 989.8 989.4 989.0 988.6 988.2 987.8 987.4 987.0 986.6 986.2 985.9 985.5 985.2 1,218.0 302.1 432.7 470.5 464.4 458.2 452.2 448.4 443.1 434.5 428.8 423.1 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20.4 19.4 19.0 13.7 9.0 6.6 8.4 7.5 7.7 9.1 11.7 5.2 4.9 1.9 2.3 2.5 2.8 2.7 2.5 0 0 0 0
Other Non-Current Liabilities 16.4 15.9 14.9 16.1 15.4 15.8 22.7 19.4 20.4 29.1 18.3 19.2 23.9 23.9 29.4 37.3 43.9 41.3 28.7 27.8 23.6 22.9 10.9 12.9 12.6 10.2 6.6 6.4 2.3 10.8 10.4 8.4 8.7 9.0 9.8 9.8 9.8 9.5 10.0 9.8 0.4
Total Non-Current Liabilities 1,052.4 1,062.3 1,074.7 1,084.3 1,084.5 1,092.3 1,107.7 1,116.7 1,127.0 1,138.9 1,152.2 1,168.1 1,191.6 1,197.1 1,217.6 1,231.9 1,253.5 1,263.6 1,278.0 1,256.2 1,495.1 586.5 635.1 672.6 632.7 623.9 609.5 610.5 610.2 452.7 444.0 433.3 11.0 11.4 12.5 12.4 12.3 9.5 10.0 9.8 0.4
Total Liabilities 1,792.7 1,949.3 1,817.0 1,804.4 1,810.4 1,912.5 1,808.4 1,828.2 1,841.6 1,877.2 1,878.4 1,927.9 1,980.0 2,005.3 2,081.8 2,027.2 1,973.4 1,967.1 1,895.1 1,839.5 1,995.0 1,034.8 961.4 969.0 909.7 871.1 825.7 812.2 792.6 590.5 569.4 556.2 120.3 89.9 88.5 79.8 91.9 83.2 76.3 69.3 52.9
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Retained Earnings (8,506.3) (8,342.5) (8,098.6) (7,786.1) (7,631.8) (7,522.0) (7,094.9) (6,446.8) (5,508.3) (5,066.0) (4,579.0) (4,382.3) (3,843.0) (3,375.8) (3,146.4) (2,664.1) (2,341.3) (2,119.7) (1,828.3) (1,604.2) (1,376.3) (1,169.8) (990.4) (873.5) (773.6) (678.8) (588.5) (500.8) (408.2) (371.7) (324.5) (297.5) (273.5) (250.4) (231.5) (208.1) (201.0) (186.7) (174.1) (162.9) (151.9)
Accumulated Other Comprehensive Income (4.3) 15.7 22.6 24.7 10.4 (1.3) 24.4 (10.7) (4.9) 0.6 (52.7) (60.3) (71.9) (121.2) (165.2) (117.4) (85.0) (18.1) (0.4) 0.7 4.7 9.0 10.6 13.6 (4.3) 5.1 4.6 3.3 2.3 1.3 1.4 2.0 2.4 2.0 2.0 1.3 (0.2) (13.4) (11.2) (9.3) (7.8)
Total Stockholders' Equity 7,784.1 7,821.5 7,895.3 8,043.9 8,004.3 7,953.0 8,228.9 8,679.5 9,447.7 9,732.6 9,979.4 9,976.6 10,318.9 10,559.0 10,530.9 10,842.0 10,917.4 11,031.5 11,081.7 10,694.1 10,247.2 8,452.7 5,762.3 4,321.6 4,256.5 4,279.4 4,284.5 4,296.9 3,327.5 438.2 434.4 429.7 362.5 359.8 355 358.1 337.9 329.4 264.3 267.2 114.4
Total Liabilities & Equity 9,576.8 9,770.9 9,712.3 9,848.3 9,814.7 9,865.5 10,037.3 10,507.7 11,289.3 11,609.7 11,857.7 11,904.5 12,298.9 12,564.3 12,612.7 12,869.2 12,890.8 12,998.6 12,976.8 12,533.6 12,242.2 9,487.4 6,723.7 5,290.6 5,166.3 5,150.5 5,110.2 5,109.1 4,120.1 1,028.7 1,003.8 985.8 482.8 449.8 443.5 437.9 429.8 412.7 340.6 336.6 167.3
Debt Metrics
Total Debt 1,068.1 1,081.6 1,094.8 1,102.6 1,100.9 1,110.1 1,125.9 1,145.2 1,160.7 1,159.6 1,194.4 1,211.6 1,232.7 1,239.3 1,252.8 1,257.6 1,275.0 1,287.0 1,289.7 1,264.7 1,508.1 607.2 661.9 695.5 648.2 640.2 623.8 624.9 625.5 436.7 428.8 423.1 0 0 0 0 0 0 0 0 0
Net Debt 526.2 399.2 360 133.4 633.8 688.9 542.0 390.1 488.1 503.7 516.5 536.5 597.9 587.6 620.0 459.0 (342.0) (192.5) (207.8) (534.9) (823.7) (326.7) (465.2) 219.8 302.7 386.6 293.2 89.0 247.7 (50.5) (40.4) (70.4) (117.7) (115.3) (91.9) (92.2) (118.4) (305.7) (252.2) (261.4) (103.3)
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 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 90.1 (45.9) 37.2 22.4 20.0 (12.5) (9.7) (31.9) (55.3) (365.4) (141.7) (166.2) (342.1) (229.4) (482.3) (322.8) (221.6) (291.4) (224.1) (227.9) (206.5) (179.4) (116.9) (99.9) (94.8) (90.2) (87.7) (92.6) (36.5) (47.2) (27.1) (24.0) (23.7) (18.9) (23.5) (7.1) (14.2) (12.6) (11.3) (11.0) (6.5)
Depreciation & Amortization 32.0 65.2 48.5 49.8 49.6 49.8 54.9 52.1 53.3 65.4 72.6 75.0 71.4 71.2 70.1 83.1 68.1 68.7 70.3 59.8 59.6 51.6 42.7 32.5 32.2 31.1 29.7 28.4 21.2 7.8 6.9 5.8 5.6 5.4 4.9 4.5 4.0 3.0 2.0 1.7 1.6
Stock-Based Compensation 136.5 153.7 158.2 149.3 139.3 155.8 154.6 147.7 158.6 166.5 185.5 153.1 170.8 192.3 208.9 242.1 155.3 186.9 164.0 144.2 137.2 123.1 89.4 79.4 69.0 67.0 68.3 70.7 58.3 32.0 22.7 21.0 17.5 13.6 14.2 12.4 9.4 8.6 7.6 5.0 3.0
Change in Working Capital (160.2) 18.9 (37.3) 5.9 (65.7) (160.1) (41.3) (7.6) (25.1) 9.7 0.9 (98.0) (143.2) (160.9) (75.8) (99.3) (60.7) (43.3) (93.7) (15.4) (32.7) (10.6) (31.8) (38.8) (16.2) (11.9) (4.3) (20.9) (10.8) (10.2) (16.7) (4.9) 16.9 1.8 1.2 (16.6) 3.5 5.9 0.7 2.8 7.5
Other Non-Cash Items 54.7 115.2 57.0 49.7 47.9 75.5 45.9 53.1 58.7 644.8 26.6 22.0 145.3 68.3 163.3 34.3 41.4 42.5 38.2 24.3 33.2 45.9 20.8 25.4 25.4 15.8 11.7 12.2 10.3 12.1 6.1 3.1 0.0 1.3 0.0 0.0 (0.2) 0.8 0.2 0.6 0.4
Operating Cash Flow 153.2 307.1 263.6 277.1 191.0 108.4 204.3 213.3 190.1 222.5 206.4 83.6 (97.9) (58.5) (115.8) (62.6) (17.6) (38.2) (46.2) 21.7 4.5 14.9 3.8 (1.6) 15.5 12.0 15.8 (4.7) (9.1) (4.8) (6.4) 2.3 16.9 3.8 (3.0) (6.5) 2.4 5.7 (0.7) (0.9) 6.0
Investing Activities
Capital Expenditure (20.9) 36.5 (16.0) (13.6) (12.7) (15.0) (15.2) (15.8) (12.8) (11.7) (11.2) (11.7) (16.6) (15.6) (31.4) (15.9) (17.2) (20.5) (35.5) (18.6) (15.4) (13.8) (14.9) (15.5) (14.9) (31.5) (17.4) (10.4) (8.0) (6.0) (6.4) (6.4) (5.8) (5.7) (6.2) (6.3) (8.6) (12.1) (6.7) (4.2) (3.4)
Acquisitions (0.7) (61.5) 0 0 0 0 0 0 0 39.9 32.6 (0.2) 0 (4.6) (1.2) (4.0) (27.7) (0.6) (396.7) (27.3) (66.9) (330.8) (0.1) (0.3) (2.4) (24.2) 6.3 (9.8) 156.8 (0.9) (29.7) 5.3 4.9 (5.1) 4.3 0 (22.6) (8.5) 0 0 0
Purchases of Investments (353.3) (270.6) (371.4) (195.0) (213.8) (184.1) (149.7) (154.4) (435.6) (561.0) (880.2) (375.6) (136.1) (287.6) (325.4) (1,078.5) (246.9) (297.4) (418.0) (1,167.3) (1,640.5) (171.4) (1,021.3) (215.8) (228.0) (269.3) (392.1) (957.6) (419.5) (66.2) (29.2) (141.7) (42.7) (12.6) (59.7) (50.1) (170.8) 0 0 0 0
Sales/Maturities of Investments 333.6 207.1 225.9 610.6 207.4 328.2 432.3 954.8 638.2 435.6 714.8 694.8 355.2 373.5 311.4 311.8 442.8 280.3 580.0 397.6 356.8 291.1 270.6 304.8 317.0 221.9 188.6 146.1 140.5 82 55.0 30.9 27.6 28.6 64.3 0 3.7 0 0 0 0
Other Investing Activities 0 (14.0) (38.0) 0 (11.6) 0 (14.4) 0 0 (39.9) 0 0 (9.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 (6.3) 0 0 0 0 (5.3) (4.9) 7.0 (4.3) 24.2 (3.7) 0 0 0 (7.4)
Investing Cash Flow (41.2) (140.4) (161.5) 402.0 (19.1) 129.1 267.4 784.6 189.8 (137.1) (144.0) 307.3 202.5 65.7 (46.5) (786.6) 151.0 (38.3) (270.2) (815.5) (1,366.0) (224.9) (765.7) 73.1 71.6 (103.1) (220.8) (831.7) (130.2) 9.0 (10.3) (117.2) (20.9) 12.2 (1.5) (32.3) (202.0) (20.6) (6.7) (4.2) (10.9)
Financing Activities
Net Debt Issuance (0.1) (35.6) (1.0) (2.0) (2.3) (2.4) (3.1) (2.2) (4.8) (2.4) (4.0) (2.5) (7.4) (4.0) (3.2) 0.3 (6.5) (3.5) (0.9) (3.9) 984.7 (4.1) (2.9) (1.9) (2.0) (1.7) (5.9) (2.0) (1.5) 0 0 550 0 0 0 0 0 0 0 0 0
Stock Repurchased (253.0) (198.5) (347.2) (197.0) (126.3) (420.1) (640.6) (916.8) (356.9) (119.9) (63.8) (370.1) (115.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0 0 0 0 0 (0.0) (0.0)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (0.0) 0 (0.1) (0.1) (0.1) (0.0) (0.0) (0.0) (1.9) (0.0) (0.0) (0.1) (2.5) (0.0) (0.0) (0.0) (1.1) (3.8) (0.5) 225.3 (2.9) (4.6) (1.4) (1.1) (1.7) (1.3) (1.6) (1.5) (1.1) (0.9) (0.8) (59.0) (0.4) (0.2) (0.2) (0.2) (0.2) (0.6) (0.4) 163.3 (0.7)
Financing Cash Flow (252.6) (219.0) (348.0) (175.9) (125.8) (407.8) (642.8) (897.8) (363.2) (107.4) (66.9) (347.8) (121.5) 11.8 (1.1) 30.3 4.1 57.0 14.4 265.4 2,759.4 16.8 1,413.3 58.7 4.6 14.1 (1.1) 994.3 12.8 11.8 7.7 490.0 6.3 7.4 4.2 12.5 12.3 68.4 (1.7) 163.2 (0.7)
Cash Position
Net Change in Cash (140.6) (52.5) (234.4) 502.1 46.1 (170.2) (171.1) 100.2 16.7 (22.0) 2.8 35.9 (16.9) 18.9 (163.6) (818.6) 137.5 (19.5) (302.0) (528.4) 1,397.9 (193.2) 651.4 130.2 91.8 (76.9) (206.1) 157.9 (126.5) 16.0 (9.7) 375.8 2.5 23.4 (0.3) (26.3) (187.2) 53.4 (9.2) 158.1 (5.5)
Cash at Beginning 682.5 734.8 969.2 467.1 431.4 601.7 772.8 672.6 655.9 677.9 675.1 639.2 656.1 637.2 800.8 1,619.4 1,481.8 1,501.3 1,803.3 2,331.8 933.9 1,127.1 475.7 345.5 253.7 330.7 536.8 378.8 505.3 489.3 499.0 123.2 120.8 91.9 92.2 118.4 305.7 252.2 261.4 103.3 108.8
Cash at End 542.0 682.3 734.8 969.2 477.5 431.4 601.7 772.8 672.6 655.9 677.9 675.1 639.2 656.1 637.2 800.8 1,619.4 1,481.8 1,501.3 1,803.3 2,331.8 933.9 1,127.1 475.7 345.5 253.7 330.7 536.8 378.8 505.3 489.3 499.0 123.2 115.3 91.9 92.2 118.4 305.7 252.2 261.4 103.3
Free Cash Flow 132.3 343.7 247.5 263.5 178.3 93.5 189.1 197.6 177.3 210.9 195.2 71.9 (114.5) (74.1) (147.2) (78.5) (34.8) (58.8) (81.7) 3.2 (10.9) 1.1 (11.1) (17.1) 0.6 (19.5) (1.6) (15.1) (17.1) (10.8) (12.8) (4.1) 11.1 (1.9) (9.2) (12.8) (6.2) (6.4) (7.4) (5.1) 2.6
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Income Statement
Revenue 1,406.9 1,365.9 1,300.4 1,228.4 1,172.5 1,194.8 1,133.6 1,082.5 1,047.0 1,076.0 1,033.7 1,037.8 1,006.6 1,024.6 983.0 943.4 875.4 842.7 740.2 668.9 590.0 548.1 448.0 400.8 364.9 331.2 295.1 275.0 233.1 204.3 168.9 147.8 129.1 115.2 100.5 95.9 87.4 82.0 71.5 64.5 59.3 51.3 44.3 38.0 33.4 27.7 23.5 20.1 18.8
Gross Profit 684.2 662.4 632.1 602.7 581.6 599.7 578.6 555.8 544.0 531.2 516.3 505.8 490.7 481.1 462.1 445.3 425.1 396.5 364.6 331.2 298.3 282.1 230.9 209.1 193.5 174.7 158.2 150.0 126.0 108.0 91.9 79.8 69.5 60.2 52.3 53.5 50.1 47.7 40.2 36.3 32.5 28.9 24.7 21.1 17.8 14.1 12.8 11.3 10.2
Operating Income 107.7 73.7 40.9 37.0 23.1 13.7 (4.9) (19.0) (43.5) (361.7) (108.9) (141.8) (264.1) (218.6) (457.0) (311.9) (217.8) (283.6) (232.3) (202.3) (197.3) (185.3) (112.3) (102.6) (92.7) (93.8) (94.7) (93.7) (87.6) (44.0) (25.0) (22.0) (24.3) (20.2) (24.0) (7.1) (14.8) (12.8) (11.3) (10.9) (6.4) (8.2) (8.9) (9.5) (8.8) (8.1) (6.0) (6.3) (6.2)
Net Income 90.1 (45.9) 37.2 22.4 20.0 (12.5) (9.7) (31.9) (55.3) (365.4) (141.7) (166.2) (342.1) (229.4) (482.3) (322.8) (221.6) (291.4) (224.1) (227.9) (206.5) (179.4) (116.9) (99.9) (94.8) (90.2) (87.7) (92.6) (36.5) (47.2) (27.1) (24.0) (23.7) (18.9) (23.5) (7.1) (14.2) (12.6) (11.3) (11.0) (6.5) (8.3) (9.0) (9.6) (8.7) (8.4) (6.0) (6.3) (6.2)
EPS (Diluted) 0.57 -0.30 0.23 0.14 0.12 -0.08 -0.06 -0.19 -0.31 -2.01 -0.78 -0.91 -1.84 -1.24 -2.63 -1.77 -1.23 -1.63 -1.26 -1.31 -1.24 -1.13 -0.79 -0.71 -0.68 -0.66 -0.64 -0.72 -0.31 -0.47 -0.28 -0.25 -0.25 -0.20 -0.25 -0.08 -0.16 -0.14 -0.13 -0.45 -0.08 -0.11 -0.13 -0.13 -0.14 -0.49 -0.36 -0.38 -0.37
Balance Sheet
Cash & Equivalents 542.0 682.3 734.8 969.2 467.1 421.3 584.0 755.1 672.6 655.9 677.9 675.1 634.8 651.8 632.8 798.6 1,617.0 1,479.5 1,497.5 1,799.6 2,331.8 933.9 1,127.1 475.7 345.5 253.7 330.6 535.9 377.7 487.2 469.1 493.5 117.7 115.3 91.9 92.2 118.4 305.7 252.2 261.4 103.3
Total Assets 9,576.8 9,770.9 9,712.3 9,848.3 9,814.7 9,865.5 10,037.3 10,507.7 11,289.3 11,609.7 11,857.7 11,904.5 12,298.9 12,564.3 12,612.7 12,869.2 12,890.8 12,998.6 12,976.8 12,533.6 12,242.2 9,487.4 6,723.7 5,290.6 5,166.3 5,150.5 5,110.2 5,109.1 4,120.1 1,028.7 1,003.8 985.8 482.8 449.8 443.5 437.9 429.8 412.7 340.6 336.6 167.3
Total Debt 1,068.1 1,081.6 1,094.8 1,102.6 1,100.9 1,110.1 1,125.9 1,145.2 1,160.7 1,159.6 1,194.4 1,211.6 1,232.7 1,239.3 1,252.8 1,257.6 1,275.0 1,287.0 1,289.7 1,264.7 1,508.1 607.2 661.9 695.5 648.2 640.2 623.8 624.9 625.5 436.7 428.8 423.1 0 0 0 0 0 0 0 0 0
Stockholders' Equity 7,784.1 7,821.5 7,895.3 8,043.9 8,004.3 7,953.0 8,228.9 8,679.5 9,447.7 9,732.6 9,979.4 9,976.6 10,318.9 10,559.0 10,530.9 10,842.0 10,917.4 11,031.5 11,081.7 10,694.1 10,247.2 8,452.7 5,762.3 4,321.6 4,256.5 4,279.4 4,284.5 4,296.9 3,327.5 438.2 434.4 429.7 362.5 359.8 355 358.1 337.9 329.4 264.3 267.2 114.4
Cash Flow
Operating Cash Flow 153.2 307.1 263.6 277.1 191.0 108.4 204.3 213.3 190.1 222.5 206.4 83.6 (97.9) (58.5) (115.8) (62.6) (17.6) (38.2) (46.2) 21.7 4.5 14.9 3.8 (1.6) 15.5 12.0 15.8 (4.7) (9.1) (4.8) (6.4) 2.3 16.9 3.8 (3.0) (6.5) 2.4 5.7 (0.7) (0.9) 6.0
Capital Expenditure (20.9) 36.5 (16.0) (13.6) (12.7) (15.0) (15.2) (15.8) (12.8) (11.7) (11.2) (11.7) (16.6) (15.6) (31.4) (15.9) (17.2) (20.5) (35.5) (18.6) (15.4) (13.8) (14.9) (15.5) (14.9) (31.5) (17.4) (10.4) (8.0) (6.0) (6.4) (6.4) (5.8) (5.7) (6.2) (6.3) (8.6) (12.1) (6.7) (4.2) (3.4)
Free Cash Flow 132.3 343.7 247.5 263.5 178.3 93.5 189.1 197.6 177.3 210.9 195.2 71.9 (114.5) (74.1) (147.2) (78.5) (34.8) (58.8) (81.7) 3.2 (10.9) 1.1 (11.1) (17.1) 0.6 (19.5) (1.6) (15.1) (17.1) (10.8) (12.8) (4.1) 11.1 (1.9) (9.2) (12.8) (6.2) (6.4) (7.4) (5.1) 2.6