Virtu Financial, Inc. logo VIRT - Virtu Financial, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 7
SELL 2
STRONG
SELL
0
| PRICE TARGET: $48.00 DETAILS
HIGH: $54.00
LOW: $39.00
MEDIAN: $51.00
CONSENSUS: $48.00
DOWNSIDE: 8.52%
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 2012 Q4
Revenue
Revenue 1,095.3 969.9 824.8 999.6 837.9 834.3 706.8 693.0 642.8 536.0 630.2 506.9 620.4 497.8 561.0 604.7 701.3 705.6 544.3 549.0 1,012.6 676.7 656.1 905.9 1,000.6 403.3 382.3 375.1 363.0 440.4 295.1 328.1 815.1 464.5 271.3 144.9 147.3 170.6 164.8 174.2 192.6 176.9 215.8 182.0 221.5 213.5 173.2 163.0 173.3 132.9 131.3
Cost of Revenue 411.8 476.4 335.9 338.3 341.2 327.7 284.4 256.5 240.6 214.9 220.5 218.0 249.0 228.5 272.1 255.6 253.9 259.7 243.4 254.5 364.1 251.5 232.2 324.4 344.2 172.1 189.4 183.2 171.9 136.8 113.5 114.5 152.5 153.1 136.9 70.3 74.1 74.9 72.9 76.4 82.3 74.2 86.5 71.7 88.0 87.7 80.6 71.1 76.0 0 0
Gross Profit 683.5 493.4 488.9 661.3 496.6 506.6 422.4 436.5 402.2 321.0 409.7 288.8 371.4 269.2 288.9 349.1 447.4 445.9 300.9 294.4 648.5 425.2 423.9 581.5 656.4 231.1 193.0 191.9 191.1 303.6 181.7 213.6 662.6 311.4 134.4 74.6 73.2 95.7 91.9 97.8 110.4 102.7 129.3 110.3 133.5 125.8 92.6 91.9 97.2 132.9 131.3
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 11 9.4
SG&A Expenses 0 0 62.8 61.4 59.8 59.3 59.6 59.3 58.2 59.9 57.1 57.0 56.8 55.1 52.9 55.7 55.8 52.2 55.6 52.5 51.7 51.4 51.6 55.7 55.0 53.4 59.8 54.4 41.8 38.3 39.5 48.8 49.5 48.3 46.0 19.0 18.2 17.4 17.9 18.0 17.7 17.0 16.1 17.5 17.9 18.3 17.3 17.5 15.8 28.3 28.8
Other Expenses 237.4 110.6 52.1 53.3 49.9 56.6 53.3 50.3 53.1 59.0 54.2 57.4 55.7 64.9 47.0 46.2 59.2 57.1 51.8 56.2 60.5 55.2 59.5 57.4 63.4 98.4 61.8 66.9 73.0 57.0 57.9 55.5 58.4 72.6 58.3 13.6 11.7 13.8 12.8 13.6 12.7 21.8 13.1 14.9 18.2 13.4 13.0 13.9 12.3 65.4 75.2
Operating Expenses 237.4 110.6 114.9 114.7 109.7 116.0 112.9 109.6 111.3 118.9 111.3 114.4 112.5 120.0 99.9 101.9 115.0 109.3 107.4 108.7 112.2 106.6 111.2 113.1 118.5 151.8 121.6 121.3 114.8 95.4 97.4 104.3 107.9 120.9 104.3 32.6 29.9 31.2 30.7 31.5 30.4 38.8 29.2 32.5 36.1 31.7 30.3 31.4 28.1 104.7 113.4
Operating Income
Operating Income 446.1 382.8 374.0 546.5 387.0 390.6 309.6 326.9 290.9 202.2 298.4 174.4 258.9 149.3 189.0 247.3 332.4 336.6 193.5 185.7 536.3 318.6 312.7 468.4 538.0 79.4 71.3 70.6 76.3 208.2 84.2 109.3 554.7 190.5 30.1 42.0 43.3 64.6 61.2 66.3 79.9 63.8 100.1 77.9 97.3 94.2 62.4 60.5 69.1 25.0 26.6
Interest Expense 36.5 38.8 199.0 197.8 161.2 170.0 160.6 147.1 149.3 182.4 158.2 137.3 121.9 102.9 85.5 70.8 63.9 84.3 46.8 45.1 43.5 48.0 47.7 50.6 67.1 71.5 68.7 71.5 68.2 56.9 50.3 53.8 52.7 57.5 55.8 23.7 19.1 20.1 23.0 21.2 20.6 20.4 20.0 24.1 17.2 20.4 19.5 20.0 18.0 0 0
Interest Income 127.5 143.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 474.3 411.6 406.2 572.2 412.7 401.6 336.1 330.7 319.8 231.3 328.1 204.7 288.0 174.6 219.8 277.2 339.5 346.0 225.4 214.5 568.2 341.6 335.2 490.8 569.7 81.1 99.4 40.4 79.3 225.3 102.1 126.4 543.4 215.2 31.4 35.7 49.8 65.7 68.1 73.4 87.1 75.3 107.2 41.9 107.1 100.0 70.7 57.1 74.4 0 0
EBIT 446.1 382.3 379.0 544.8 385.0 372.6 307.7 302.5 289.1 199.2 296.3 172.8 256.7 142.6 187.1 244.6 305.6 311.3 191.9 180.1 533.3 307.5 300.2 455.1 533.3 44.1 62.9 4.9 52.0 205.7 79.7 103.4 521.2 188.1 9.3 28.8 43.0 58.7 60.9 65.6 79.3 67.7 98.9 33.7 97.3 92.0 62.1 49.5 67.9 0 0
Income Before Tax 409.6 343.6 180.0 347.0 223.7 202.6 147.2 155.4 139.8 16.8 138.1 35.5 134.8 39.7 101.6 173.8 241.7 227.0 145.1 135.0 489.8 259.6 252.5 404.5 466.2 (27.4) (5.8) (66.6) (16.2) 148.8 29.4 49.6 468.5 130.6 (46.5) 5.2 23.9 38.6 37.9 44.4 58.7 47.3 78.9 9.6 80.2 71.6 42.6 29.5 49.9 28.2 17.9
Income Tax Expense 63.0 63.0 30.9 54.0 34.1 26.5 28.1 27.3 28.5 10.1 20.5 5.9 24.7 0.1 21.7 24.9 41.8 41.1 22.0 26.1 80.6 61.9 52.8 69.2 78.0 2.0 (0.6) (11.1) (2.6) 0.8 13.8 3 58.5 97.2 (6.5) 0.8 2.8 3.9 4.9 5.1 7.3 4.3 9.4 2.0 2.7 2.7 1.2 (1.3) 1.0 1.4 (0.5)
Net Income 182.3 139.9 77.6 151.2 99.7 94.1 60.0 66.6 55.8 5.5 61.9 16.7 57.9 27.6 40.0 85.2 112.3 104.1 70.5 62.9 239.4 112.3 116.7 199.1 221.1 (17.7) (4.3) (29.9) (6.7) 80.9 8.6 25.2 174.8 11.0 (13.5) 0.9 4.6 7.2 7.0 8.4 10.3 8.1 12.3 0.5 77.4 68.9 41.4 30.8 48.9 26.9 18.3
Per Share Data
EPS (Basic) 2.12 1.65 0.86 1.65 1.09 1.03 0.65 0.71 0.59 0.05 0.63 0.16 0.56 0.27 0.38 0.78 0.99 0.90 0.59 0.51 1.91 0.89 0.92 1.59 1.80 -0.16 -0.04 -0.27 -0.07 0.75 0.08 0.25 1.89 0.28 -0.17 0.01 0.10 0.22 0.18 0.21 0.27 0.22 0.36 0.01 2.43 1.30 0.97 1.54 0.84 0.58
EPS (Diluted) 2.12 1.65 0.86 1.65 1.08 1.03 0.64 0.71 0.59 0.05 0.63 0.16 0.56 0.27 0.37 0.78 0.98 0.89 0.59 0.50 1.89 0.88 0.92 1.58 1.80 -0.16 -0.04 -0.27 -0.07 0.74 0.08 0.24 1.86 0.28 -0.17 0.01 0.10 0.22 0.18 0.21 0.26 0.22 0.35 0.01 2.43 1.30 0.97 1.54 0.84 0.58
Shares Outstanding 86.1 84.9 85.3 85.5 85.7 85.7 87.2 88.1 89.0 90.2 93.4 95.0 97.8 99.5 102.3 105.0 109.3 112.0 115.8 119.7 122.1 122.8 122.7 121.5 119.8 117.8 117.5 112.8 107.3 106.3 106.7 99.5 90.7 89.4 79.2 40.8 40.4 39.4 38.4 38.2 38.2 36.2 34.3 34.3 31.9 0 31.8 31.8 31.8 31.8 31.8
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 973.2 1,061.7 707.9 752.1 723.6 872.5 701.4 684.8 399.6 820.4 688.8 698.7 769.0 981.6 836.3 810.6 564.9 1,071.5 683.8 848.1 899.0 889.6 567.7 670.8 710.5 732.2 372.7 458.1 771.0 729.5 415.9 660.1 637.3 532.9 558.0 164.9 165.0 181.4 146.0 149.4 148.5
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 297.6 2,058.0 2,825.8 1,696.3 2,047.2 1,250.7 1,363.8 1,027.6 1,389.1 844.0 1,844.9 1,590.4 1,275.0 1,196.0 1,762.5 1,646.6 1,832.3 1,173.3 1,866.7 1,817.3 2,171.9 1,898.5 2,058.8 2,716.8 3,104.0 1,422.1 1,830.8 1,541.7 1,309.3 1,112.0 1,115.8 1,051.9 1,434.0 972.0 980.5 385.4 662.3 448.7 513.3 1,349.4 629.9
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 0 64.7 47.5 37.7 51.9 46.1 41.5 36.3 29.8 35.0 37.6 47.1 40.2 56.7 54.1 39.1 47.8 49.5 70.5 67.1 122.8 117.4 98.3 77.2 94.7 41.1 22.1 39.5 17.3 6.5 0 0 0 55.1 3 1,119.4 0 0 0 0 0
Total Current Assets 1,270.9 3,184.4 3,581.2 2,486.1 2,822.8 2,169.3 2,106.6 1,748.8 1,818.5 1,699.4 2,571.3 2,336.3 2,084.2 2,234.3 2,653.0 2,496.3 2,445.0 2,294.2 2,621.0 2,732.6 3,193.7 2,905.5 2,724.8 3,464.8 3,909.2 2,195.4 2,225.7 2,039.3 2,097.6 1,848.1 1,531.7 1,712.0 2,071.3 1,560.0 1,541.5 1,669.7 827.3 630.1 659.3 1,498.7 778.4
Non-Current Assets
Property, Plant & Equipment 304.9 310.1 239.2 249.0 256.0 266.5 284.2 296.0 310.1 329.9 253.9 269.9 280.1 272.6 282.1 294.5 310.2 314.9 351.5 348.1 361.7 382.5 403.6 408.6 416.3 430.6 422.4 436.2 505.2 113.3 117.5 129.2 128.7 137.0 144.7 33 34.1 29.7 30.7 32.2 33.0
Goodwill 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,148.9 1,195.5 1,196.5 1,193.7 836.6 836.6 836.6 836.6 844.9 859.6 718.5 715.4 715.4 715.4 715.4 715.4
Intangible Assets 143.1 154.9 166.7 178.5 190.3 203.2 215.0 226.8 242.8 257.5 273.5 289.4 305.5 321.5 337.5 353.6 369.9 386.3 402.9 418.3 436.4 454.5 473.3 491.7 510.7 529.6 513.2 532.1 552.5 84.0 90.1 97.5 104.4 111.2 152.7 0.9 0.9 1.0 1.0 1.1 1.1
Long-Term Investments 14,647.4 14,627.1 15,292.5 14,640.8 12,637.4 11,081.1 10,190.8 10,037.1 8,707.6 10,593.2 12,928.4 8,899.0 7,604.6 6,155.2 6,067.7 6,673.1 7,830.7 5,725.7 5,425.7 5,232.2 5,326.2 4,563.6 4,160.5 4,321.6 4,490.9 4,837.5 4,272.6 4,329.3 4,241.0 4,055.1 4,242.6 3,995.4 4,140.3 4,183.8 4,436.1 1,675.8 2,258.4 2,047.9 1,834.8 2,230.8 2,177.7
Other Non-Current Assets (14,647.4) 632.9 730.6 463.1 367.0 357.7 332.8 346.5 433.6 303.7 310.0 311.7 296.8 303.9 349.2 307.2 268.6 291.3 303.2 280.9 240.6 317.7 339.2 257.4 291.5 252.6 309.9 295.8 271.9 243.6 242.0 219.0 353.4 357.4 379.9 77.7 73.9 74.5 78.5 38.7 38.4
Total Non-Current Assets 1,597.0 16,966.3 17,690.9 16,798.3 14,725.4 13,192.5 12,294.1 12,180.6 10,971.2 12,767.0 15,047.1 11,053.4 9,777.1 8,349.0 8,319.3 8,919.3 10,074.1 8,025.7 7,808.5 7,608.8 7,696.9 7,060.3 6,717.9 6,824.1 7,078.1 7,414.0 6,961.1 7,042.1 6,979.4 5,532.9 5,706.8 5,459.2 5,686.6 5,760.0 6,197.8 2,704.2 3,280.1 3,062.2 2,854.1 3,206.6 3,156.9
Total Assets 25,115.3 20,150.7 21,272.1 19,284.5 17,548.2 15,361.7 14,400.7 13,929.4 12,789.7 14,466.4 17,618.4 13,389.7 11,861.3 10,583.2 10,972.3 11,415.6 12,519.1 10,320.0 10,429.5 10,341.4 10,890.6 9,965.8 9,442.7 10,288.9 10,987.4 9,609.4 9,186.7 9,081.4 9,077.0 7,381.0 7,238.5 7,171.2 7,757.9 7,320.0 7,739.3 4,373.8 4,107.4 3,692.4 3,513.4 4,705.3 3,935.4
Current Liabilities
Account Payables 0 1,693.7 2,383.2 1,823.7 1,334.4 1,522.8 1,187.2 1,325.8 872.1 1,642.2 1,026.7 1,267.8 699.6 769.0 1,218.1 1,208.0 1,454.3 1,084.5 1,691.9 1,303.5 1,813.3 1,487.1 1,325.6 1,963.0 2,283.6 1,315.6 1,538.8 1,149.7 1,423.3 862.4 1,236.6 983.2 962.1 1,075.0 1,151.9 529.2 663.2 765.3 400.1 500.7 525.3
Short-Term Debt 2,369.5 12.4 122.0 251.8 112.1 38.5 128.8 73.7 138.2 1,796.0 97.2 111.7 1,148.8 3.9 167.4 157.1 140.8 61.5 312.8 214.3 240.4 64.7 124.0 26.3 431.5 73.5 94.9 146.8 159.7 15.1 14.6 44.0 20.9 27.9 15 13 22 25 17.6 559.9 524.8
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
Other Current Liabilities 0 0 0 0 1.5 1.5 1.2 1.4 0 (1,796.0) 0 0 0 0 0 0 0 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 2,369.5 1,888.0 2,681.0 2,251.2 1,623.9 1,759.4 1,513.4 1,597.2 1,206.5 1,858.7 1,339.4 1,595.1 2,087.2 1,011.7 1,623.5 1,603.0 1,833.1 1,405.3 2,259.4 1,772.4 2,324.9 1,822.9 1,705.5 2,245.2 2,971.1 1,658.4 1,890.4 1,553.2 1,797.5 1,091.9 1,450.4 1,238.8 1,130.1 1,250.0 1,399.5 773.8 914.6 1,021.7 643.8 1,279.0 1,268.5
Non-Current Liabilities
Long-Term Debt 2,025.1 8,703.6 8,029.0 8,483.6 7,518.7 5,444.1 6,208.6 5,668.6 5,401.3 4,852.6 7,903.8 5,452.3 3,871.2 3,483.9 4,040.5 4,460.2 4,780.2 3,261.5 3,559.7 3,526.6 3,575.3 3,048.8 2,809.6 3,249.2 3,322.6 3,858.7 3,309.5 3,006.0 3,087.6 2,318.9 2,005.4 2,084.4 2,322.9 2,533.9 2,638.4 1,973.5 989.0 787.2 1,008.0 955.7 690.7
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0.3 0.2 0.1 0.1 0.1 0 0 0 0 0 0 0 0 65.9 65.8 65.9 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 18,276.6 7,324.6 8,667.1 6,708.6 6,627.7 6,441.0 5,023.1 4,986.6 4,497.3 6,071.4 6,653.3 4,565.9 4,029.9 4,196.6 3,386.5 3,354.2 3,937.0 3,510.8 2,516.8 2,833.3 2,647.4 2,923.7 2,790.1 2,753.8 2,814.3 2,498.0 2,248.9 2,716.4 2,294.6 2,475.4 2,398.1 2,406.4 2,846.5 2,384.6 2,535.9 1,109.0 1,673.8 1,349.2 1,318.6 1,924.0 1,411.6
Total Non-Current Liabilities 20,549.2 16,289.4 16,890.2 15,399.9 14,362.7 12,114.9 11,467.9 10,903.4 10,159.1 11,202.3 14,768.4 10,242.3 8,138.8 7,920.1 7,675.9 8,072.2 8,987.3 7,051.1 6,369.4 6,646.2 6,521.6 6,287.8 5,930.4 6,342.6 6,487.6 6,722.0 5,999.6 6,176.3 5,842.9 4,794.3 4,403.5 4,490.7 5,169.4 4,918.5 5,174.3 3,082.5 2,662.8 2,136.3 2,326.6 2,879.7 2,102.3
Total Liabilities 22,918.7 18,177.3 19,571.3 17,651.1 15,986.6 13,874.4 12,981.4 12,500.5 11,365.6 13,061.0 16,107.8 11,837.4 10,225.9 8,931.8 9,299.4 9,675.2 10,820.3 8,456.4 8,628.8 8,418.6 8,846.6 8,110.8 7,635.9 8,587.9 9,458.7 8,380.4 7,890.0 7,729.5 7,640.3 5,886.3 5,853.9 5,729.5 6,299.5 6,168.4 6,573.8 3,856.4 3,577.4 3,158.0 2,970.3 4,158.7 3,370.8
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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings 1,623.7 1,519.3 1,401.7 1,355.7 1,227.4 1,168.9 1,097.7 1,061.6 1,017.5 1,000.4 1,018.2 980.5 987.9 972.3 970.3 956.5 897.4 830.5 690.6 648.9 615.6 422.4 343.8 259.9 91.3 (90.4) (40.1) (5.9) 54.7 96.5 49.6 89.5 90.2 (62.1) (51.3) (16.1) (6.8) (1.3) 1.2 3.5 4.5
Accumulated Other Comprehensive Income (5.0) (3.0) 0.8 2.2 (5.6) (7.1) 1.0 8.7 15.9 17.0 24.3 31.1 24.8 31.6 21.2 13.8 16.0 (10.2) (21.8) (19.1) (15.0) (25.5) (35.2) (39.6) (38.0) (0.6) (6.0) (1.7) (2.2) (0.1) 0.7 1.1 4.2 3.0 2.6 1.4 (0.0) (0.3) 0.6 0.5 0.8
Total Stockholders' Equity 1,735.0 1,582.3 1,454.9 1,407.4 1,309.9 1,254.2 1,232.4 1,230.9 1,211.7 1,202.7 1,265.3 1,275.1 1,305.6 1,341.9 1,348.1 1,398.3 1,379.1 1,549.4 1,485.3 1,578.1 1,639.2 1,468.5 1,396.8 1,294.3 1,111.7 931.4 969.0 995.0 1,039.6 1,051.9 997.4 1,030.7 999.9 830.6 843.4 141.9 145.2 145.7 140.6 138.1 135.9
Total Liabilities & Equity 25,115.3 20,150.7 21,272.1 19,284.5 17,548.2 15,361.7 14,400.7 13,929.4 12,789.7 14,466.4 17,618.4 13,389.7 11,861.3 10,583.2 10,972.3 11,415.6 12,519.1 10,320.0 10,429.5 10,341.4 10,890.6 9,965.8 9,442.7 10,288.9 10,987.4 9,609.4 9,186.7 9,081.4 9,077.0 7,381.0 7,238.5 7,171.2 7,757.9 7,320.0 7,739.3 4,373.8 4,107.4 3,692.4 3,513.4 4,705.3 3,935.4
Debt Metrics
Total Debt 4,642.1 8,977.1 8,345.1 8,943.0 7,847.2 5,712.5 6,573.6 5,990.5 5,800.0 6,927.0 8,212.3 5,788.1 5,257.3 3,727.1 4,456.6 4,875.0 5,191.0 3,601.8 4,165.4 4,027.1 4,114.7 3,428.8 3,264.2 3,615.1 4,104.8 4,297.6 3,779.7 3,540.9 3,642.1 2,334.1 2,020.0 2,128.4 2,343.9 2,561.8 2,653.4 1,986.5 1,011.0 812.2 1,025.6 1,515.6 1,215.5
Net Debt 3,668.9 7,915.4 7,637.2 8,190.9 7,123.5 4,840.0 5,872.2 5,305.7 5,400.4 6,106.5 7,523.5 5,089.4 4,488.3 2,745.5 3,620.3 4,064.3 4,626.1 2,530.3 3,481.6 3,179.0 3,215.6 2,539.2 2,696.6 2,944.3 3,394.2 3,565.4 3,407.0 3,082.8 2,871.1 1,604.5 1,604.0 1,468.3 1,706.6 2,028.9 2,095.4 1,821.6 846.0 630.7 879.6 1,366.2 1,066.9
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 182.3 664.9 149.1 293.0 189.6 176.1 119.0 128.1 55.8 5.5 117.6 29.5 57.9 27.6 79.9 148.9 112.3 104.1 70.5 108.9 239.4 112.3 199.7 335.3 388.2 (17.7) (4.3) (29.9) (6.7) 80.9 8.6 25.2 174.8 11.0 (13.5) 0.9 4.6 7.2 7.0 8.4 10.3
Depreciation & Amortization 28.2 29.3 27.2 27.4 27.7 29.0 28.3 28.2 30.8 32.2 31.8 31.9 31.4 31.9 32.7 32.6 34.0 34.6 33.6 34.4 34.9 34.1 34.9 35.7 36.3 36.9 36.5 35.4 27.4 19.7 22.4 23.0 22.2 27.1 22.0 6.9 6.8 7.1 7.2 7.9 7.8
Stock-Based Compensation 34.5 29.1 26.9 22.6 21.9 24.5 17.9 18.0 15.0 16.8 15.4 16.2 15.6 16.4 18.1 19.0 13.7 17.5 12.9 12.6 12.8 22.3 0.5 14.8 22.3 16.0 18.4 15.4 21.9 9.4 7.8 5.6 9.1 15.3 3.7 3.4 3.8 13.4 3.2 3.1 3.1
Change in Working Capital (1,507.7) 744.5 (255.5) (223.8) (238.5) 152.0 (40.0) 300.0 (720.3) (1,229.7) 0.7 30.6 539.4 607.2 102.3 99.2 727.4 1,382.1 (196.5) 65.6 84.7 441.9 (193.6) 298.4 (669.7) 806.8 (845.3) (82.0) 201.0 315.1 (156.7) (49.5) 300.3 (124.1) (318.6) (294.9) 174.6 9.3 (81.5) 156.7 260.1
Other Non-Cash Items 1,256.5 (371.4) (21.5) (63.9) 8.1 22.3 (13.2) 11.3 223.2 1,523.8 1.2 8.4 (793.0) (265.9) 7.4 9.2 (1,142.6) (741.2) 98.5 (2.6) (237.8) (33.4) (60.6) 9.9 9.4 (328.7) 825.3 (107.3) (458.8) (24.8) 120.4 185.7 (387.6) 154.9 439.7 328.7 (163.1) 23.5 162.2 (145.2) (233.9)
Operating Cash Flow (0.1) 1,096.3 (68.7) 62.8 15.0 391.5 112.1 490.8 (395.4) 348.1 170.1 122.0 (148.4) 416.3 232.8 312.8 (255.2) 797.1 19.1 221.6 133.9 577.3 (15.7) 717.9 (218.7) 515.0 31.1 (167.4) (210.0) 401.1 3.2 191.3 119.0 74.8 133.4 50.3 32.1 52.5 101.7 34.0 51.5
Investing Activities
Capital Expenditure (31.6) (9.4) (13.4) (11.1) (29.7) (7.2) (11.7) (9.2) (2.8) (13.5) (8.0) (13.8) (13.8) (8.8) (8.6) (9.4) (10.0) (8.2) (3.7) (14.2) (3.5) (7.2) (17.2) (13.1) (18.9) 7.8 (7.9) (4.5) (4.7) (7.8) (5.1) (9.1) (4.5) (5) (6.9) (3.2) (3.8) (2.9) (3.3) (4.4) (1.3)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.9) 0 0 65.3 (3.6) (1.1) 0 0 0 (835.6) 0 0 0 0 (0.3) (799.2) (5.7) 0 0 0 0 0
Purchases of Investments (655.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Investing Activities 619.2 (507.2) (18.4) 24.8 (25.3) (6.2) (13.3) (5.0) (24.7) (10.5) (12.9) (11.3) (22.0) (9.7) (10.9) 43.3 (25.1) (13.7) (19.0) (5.1) (22.2) 1.2 (23.5) (3.8) (8.1) (24.6) (10.5) (11.9) (7.7) (26.7) (4.9) (5.9) 393.2 (6.2) (4.5) (1.2) (2.0) (2.4) (40.6) (2.1) (2.0)
Investing Cash Flow (36.1) (507.2) (26.4) 19.6 (31.0) (6.2) (19.2) (9.0) (27.5) (24.0) (15.3) (19.4) (35.8) (18.6) (15.0) 39.0 (35.0) (21.9) (22.7) (17.1) (25.6) (6.0) 40.1 (16.7) (20.0) (16.8) (18.4) (16.4) (848.0) (34.5) (10.1) (15.0) 388.7 (11.6) (810.6) (10.0) (5.9) (5.3) (43.9) (6.5) (3.3)
Financing Activities
Net Debt Issuance 129.1 (103.7) 169.7 139.1 77.7 (91.0) 54.6 (50.1) 140 (155) (15) (10.0) 103.1 (164.1) 10 16 279.2 (251.6) 98.2 (61.8) 176.5 (59.9) (1.2) (596.8) 358.9 (73.8) (52.5) (61.4) 1,185.1 0 (145.2) (86.3) (283.5) (33) (731.5) 1,100.9 (4.3) 45.1 (18.6) 34.7 (14.3)
Stock Repurchased (55.8) 2.7 (30.8) (68.6) (90.5) (58.2) (50.0) (31.1) (51.8) (46.2) (49.0) (41.7) (93.6) (46.1) (81.4) (47.5) (313.8) (109) (139.7) (105.1) (77.1) (37.3) (2.4) (0.4) (9.8) (3.9) (1.2) (2.2) (8.8) (8.2) (21.4) (30.3) (14.8) (7.6) (4.8) (0.5) (0.9) (5.1) (17.9) (0.5) (0.5)
Dividends Paid (114.5) (21.8) (72.2) (159.8) (94.7) (51.5) (87.2) (93.1) (67.6) (54.3) (106.2) (93.7) (52.0) (59.2) (87.3) (103.0) (125.8) (117.4) (108.7) (132.5) (189.4) (30.3) (113.8) (175.4) (48.8) (28.8) (28.7) (28.6) (26.3) (26.0) (26.0) (25.9) (22.4) (21.8) (21.7) (10.2) (10.1) (9.6) (9.4) (9.4) (9.4)
Other Financing Activities (15.4) (4.0) (3.2) 13.2 (24.2) 4.0 4.5 (20.7) (20.2) (0.1) 0.0 (23.2) (4.0) 0.1 0.1 39.6 (57.2) (6.9) 0.7 (11.7) 0.3 (114.2) 3.1 7.7 (19.3) (21.7) (25.4) (15.5) (36.3) (10.8) (44.1) (4.7) (85.1) (28.0) (28.5) (16.1) (28.6) (37.6) (32.9) (50.3) (41.2)
Financing Cash Flow (56.6) (126.8) 63.4 (76.1) (131.7) (196.7) (78.2) (195.0) 0.4 (199.7) (170.2) (168.5) (46.5) (269.2) (158.7) (94.9) (212.9) (407.5) (149.5) (311.1) (89.7) (241.7) (114.3) (764.9) 281.0 (128.2) (107.8) (108.0) 1,113.6 (45.1) (236.6) (148.0) (405.8) (90.4) (50.6) 1,074.2 (43.5) (8.8) (61.6) (25.4) (65.4)
Cash Position
Net Change in Cash (96.2) 371.0 (34.4) 18.8 (143.0) 175.8 21.6 287.3 (426.1) 129.1 (19.5) (63.4) (229.1) 147.8 40.7 237.1 (508.3) 366.6 (160.9) (106.6) 14.8 341.0 (82.1) (57.2) 31.9 378.5 (102.7) (290.8) 52.3 320.1 (244.1) 22.8 104.4 (26.3) (725.1) 1,119.3 (16.4) 35.4 (3.4) 0.8 (14.7)
Cash at Beginning 1,126.4 755.4 789.8 771.0 914.0 738.2 716.7 429.4 855.5 726.4 745.8 809.2 1,038.2 890.4 849.8 612.7 1,121.0 754.3 915.3 1,021.8 1,007.0 666.0 748.0 805.2 773.3 394.8 497.6 788.3 736.0 415.9 660.1 637.3 532.9 559.2 1,284.3 165.0 181.4 146.0 149.4 148.5 163.2
Cash at End 1,030.2 1,126.4 755.4 789.8 771.0 914.0 738.2 716.7 429.4 855.5 726.4 745.8 809.2 1,038.2 890.4 849.8 612.7 1,121.0 754.3 915.3 1,021.8 1,007.0 666.0 748.0 805.2 773.3 394.8 497.6 788.3 736.0 415.9 660.1 637.3 532.9 559.2 1,284.3 165.0 181.4 146.0 149.4 148.5
Free Cash Flow (31.8) 1,086.9 (82.1) 51.7 (14.7) 384.3 100.4 481.6 (398.2) 334.6 162.1 108.2 (162.2) 407.5 224.2 303.4 (265.1) 788.9 15.3 207.3 130.4 570.1 (32.9) 704.8 (237.5) 522.8 23.2 (171.9) (214.6) 393.3 (1.9) 182.2 114.5 69.8 126.4 47.2 28.2 49.5 98.4 29.6 50.2
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 2012 Q4
Income Statement
Revenue 1,095.3 969.9 824.8 999.6 837.9 834.3 706.8 693.0 642.8 536.0 630.2 506.9 620.4 497.8 561.0 604.7 701.3 705.6 544.3 549.0 1,012.6 676.7 656.1 905.9 1,000.6 403.3 382.3 375.1 363.0 440.4 295.1 328.1 815.1 464.5 271.3 144.9 147.3 170.6 164.8 174.2 192.6 176.9 215.8 182.0 221.5 213.5 173.2 163.0 173.3 132.9 131.3
Gross Profit 683.5 493.4 488.9 661.3 496.6 506.6 422.4 436.5 402.2 321.0 409.7 288.8 371.4 269.2 288.9 349.1 447.4 445.9 300.9 294.4 648.5 425.2 423.9 581.5 656.4 231.1 193.0 191.9 191.1 303.6 181.7 213.6 662.6 311.4 134.4 74.6 73.2 95.7 91.9 97.8 110.4 102.7 129.3 110.3 133.5 125.8 92.6 91.9 97.2 132.9 131.3
Operating Income 446.1 382.8 374.0 546.5 387.0 390.6 309.6 326.9 290.9 202.2 298.4 174.4 258.9 149.3 189.0 247.3 332.4 336.6 193.5 185.7 536.3 318.6 312.7 468.4 538.0 79.4 71.3 70.6 76.3 208.2 84.2 109.3 554.7 190.5 30.1 42.0 43.3 64.6 61.2 66.3 79.9 63.8 100.1 77.9 97.3 94.2 62.4 60.5 69.1 25.0 26.6
Net Income 182.3 139.9 77.6 151.2 99.7 94.1 60.0 66.6 55.8 5.5 61.9 16.7 57.9 27.6 40.0 85.2 112.3 104.1 70.5 62.9 239.4 112.3 116.7 199.1 221.1 (17.7) (4.3) (29.9) (6.7) 80.9 8.6 25.2 174.8 11.0 (13.5) 0.9 4.6 7.2 7.0 8.4 10.3 8.1 12.3 0.5 77.4 68.9 41.4 30.8 48.9 26.9 18.3
EPS (Diluted) 2.12 1.65 0.86 1.65 1.08 1.03 0.64 0.71 0.59 0.05 0.63 0.16 0.56 0.27 0.37 0.78 0.98 0.89 0.59 0.50 1.89 0.88 0.92 1.58 1.80 -0.16 -0.04 -0.27 -0.07 0.74 0.08 0.24 1.86 0.28 -0.17 0.01 0.10 0.22 0.18 0.21 0.26 0.22 0.35 0.01 2.43 1.30 0.97 1.54 0.84 0.58
Balance Sheet
Cash & Equivalents 973.2 1,061.7 707.9 752.1 723.6 872.5 701.4 684.8 399.6 820.4 688.8 698.7 769.0 981.6 836.3 810.6 564.9 1,071.5 683.8 848.1 899.0 889.6 567.7 670.8 710.5 732.2 372.7 458.1 771.0 729.5 415.9 660.1 637.3 532.9 558.0 164.9 165.0 181.4 146.0 149.4 148.5
Total Assets 25,115.3 20,150.7 21,272.1 19,284.5 17,548.2 15,361.7 14,400.7 13,929.4 12,789.7 14,466.4 17,618.4 13,389.7 11,861.3 10,583.2 10,972.3 11,415.6 12,519.1 10,320.0 10,429.5 10,341.4 10,890.6 9,965.8 9,442.7 10,288.9 10,987.4 9,609.4 9,186.7 9,081.4 9,077.0 7,381.0 7,238.5 7,171.2 7,757.9 7,320.0 7,739.3 4,373.8 4,107.4 3,692.4 3,513.4 4,705.3 3,935.4
Total Debt 4,642.1 8,977.1 8,345.1 8,943.0 7,847.2 5,712.5 6,573.6 5,990.5 5,800.0 6,927.0 8,212.3 5,788.1 5,257.3 3,727.1 4,456.6 4,875.0 5,191.0 3,601.8 4,165.4 4,027.1 4,114.7 3,428.8 3,264.2 3,615.1 4,104.8 4,297.6 3,779.7 3,540.9 3,642.1 2,334.1 2,020.0 2,128.4 2,343.9 2,561.8 2,653.4 1,986.5 1,011.0 812.2 1,025.6 1,515.6 1,215.5
Stockholders' Equity 1,735.0 1,582.3 1,454.9 1,407.4 1,309.9 1,254.2 1,232.4 1,230.9 1,211.7 1,202.7 1,265.3 1,275.1 1,305.6 1,341.9 1,348.1 1,398.3 1,379.1 1,549.4 1,485.3 1,578.1 1,639.2 1,468.5 1,396.8 1,294.3 1,111.7 931.4 969.0 995.0 1,039.6 1,051.9 997.4 1,030.7 999.9 830.6 843.4 141.9 145.2 145.7 140.6 138.1 135.9
Cash Flow
Operating Cash Flow (0.1) 1,096.3 (68.7) 62.8 15.0 391.5 112.1 490.8 (395.4) 348.1 170.1 122.0 (148.4) 416.3 232.8 312.8 (255.2) 797.1 19.1 221.6 133.9 577.3 (15.7) 717.9 (218.7) 515.0 31.1 (167.4) (210.0) 401.1 3.2 191.3 119.0 74.8 133.4 50.3 32.1 52.5 101.7 34.0 51.5
Capital Expenditure (31.6) (9.4) (13.4) (11.1) (29.7) (7.2) (11.7) (9.2) (2.8) (13.5) (8.0) (13.8) (13.8) (8.8) (8.6) (9.4) (10.0) (8.2) (3.7) (14.2) (3.5) (7.2) (17.2) (13.1) (18.9) 7.8 (7.9) (4.5) (4.7) (7.8) (5.1) (9.1) (4.5) (5) (6.9) (3.2) (3.8) (2.9) (3.3) (4.4) (1.3)
Free Cash Flow (31.8) 1,086.9 (82.1) 51.7 (14.7) 384.3 100.4 481.6 (398.2) 334.6 162.1 108.2 (162.2) 407.5 224.2 303.4 (265.1) 788.9 15.3 207.3 130.4 570.1 (32.9) 704.8 (237.5) 522.8 23.2 (171.9) (214.6) 393.3 (1.9) 182.2 114.5 69.8 126.4 47.2 28.2 49.5 98.4 29.6 50.2