Block, Inc. logo XYZ - Block, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 25
HOLD 8
SELL 2
STRONG
SELL
0
| PRICE TARGET: $82.43 DETAILS
HIGH: $91.00
LOW: $74.00
MEDIAN: $83.00
CONSENSUS: $82.43
UPSIDE: 21.10%
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 6,056.8 6,252.5 6,115.0 6,054.5 5,771.8 6,032.6 5,975.8 6,155.6 5,957.1 5,773.0 5,617.5 5,535.0 4,990.1 4,650.9 4,515.5 4,404.5 3,960.6 4,078.5 3,844.7 4,680.7 5,057.3 3,159.0 3,033.9 1,923.6 1,381.1 1,313.4 1,266.5 1,174.2 959.4 932.5 882.1 814.9 668.6 616.0 585.2 551.5 461.6 451.9 439.0 438.5 379.3 374.4 332.2 310.0 250.6 250.9 227.4 206.8 165.1
Cost of Revenue 3,147.6 3,380.3 3,453.4 3,517.9 3,482.2 3,721.2 3,726.1 3,922.1 3,862.7 3,747.3 3,719.0 3,668.9 3,275.5 2,990.7 2,948.5 2,934.9 2,665.7 2,896.5 2,711.5 3,539.6 4,093.8 2,355.3 2,239.4 1,326.9 842.6 786.4 766.4 708.4 562.6 552.5 529.4 499.1 413.4 376.2 366.5 344.1 288.1 285.4 288.7 289.6 269.0 265.3 235.9 219.7 176.3 182.6 166.3 152.3 122.7
Gross Profit 2,909.2 2,872.2 2,661.6 2,536.5 2,289.6 2,311.4 2,249.7 2,233.5 2,094.5 2,025.8 1,898.4 1,866.1 1,714.6 1,660.2 1,567.1 1,469.6 1,295.0 1,182.0 1,133.2 1,141.1 963.5 803.7 794.5 596.8 538.5 527.0 500.0 465.8 396.8 380.1 352.7 315.8 255.2 239.8 218.6 207.4 173.4 166.5 150.3 149.0 110.2 109.1 96.3 90.3 74.3 68.3 61.1 54.5 42.3
Operating Expenses
R&D Expenses 1,038.9 710.7 711.2 725.3 760.7 769.7 711.0 713.2 720.6 685.4 713.8 694.7 626.9 604.5 548.0 524.8 458.2 395.8 360.7 324.1 310.1 253.4 227.6 207.7 195.0 173.3 168.8 174.2 154.3 141.8 135.8 114.8 105.1 92.6 82.5 78.1 68.6 64.9 70.4 68.6 64.6 59.2 55.0 45.9 39.5 39.7 39.5 34.7 31.0
SG&A Expenses 1,508.1 1,132.1 1,143.3 999.0 996.3 1,249.5 987.6 981.1 915.1 1,252.2 960.3 1,086.9 928.8 991.3 881.3 926.5 945.7 783.7 676.4 594.7 545.4 488.0 502.4 374.5 324.0 303.4 265.4 256.9 235.3 214.8 201.9 181.0 152.8 143.1 130.8 122.9 106.8 102.4 98.8 90.0 134.6 84.2 77.1 63.5 64.3 56.5 50.4 50.4 49.5
Other Expenses 34.2 34.0 34.1 33.9 33.7 34.6 228.1 232.6 209.0 218.8 234.3 216.6 165.0 199.6 186.6 232.0 117.8 57.1 73.1 97.3 40.3 17.1 15.2 37.6 109.8 33.0 33.7 35.6 29.1 26.6 24.9 22.6 18.3 17.1 20.1 18.6 12.1 13.2 13.0 17.7 8.2 13.6 16.4 9.0 16.8 6.7 7.2 5.0 6.2
Operating Expenses 2,581.1 1,876.8 1,888.7 1,758.1 1,790.6 2,053.8 1,926.7 1,926.9 1,844.7 2,156.4 1,908.4 1,998.2 1,720.8 1,795.4 1,615.9 1,683.4 1,521.7 1,236.7 1,110.2 1,016.1 895.8 758.5 745.1 619.8 628.8 509.7 467.9 466.7 418.8 383.2 362.5 318.5 276.2 252.8 233.5 219.7 187.5 180.5 182.3 176.3 207.4 156.9 148.5 118.4 120.6 102.9 97.1 90.1 86.7
Operating Income
Operating Income 328.1 995.4 772.9 778.4 499.0 257.6 323.0 306.6 249.7 (130.7) (9.9) (132.1) (6.2) (135.2) (48.8) (213.8) (226.8) (54.6) 23.0 125.0 67.7 45.2 49.3 (23.1) (90.3) 17.3 32.1 (0.8) (22.0) (3.1) (9.9) (2.6) (21.0) (13.0) (14.9) (12.2) (14.1) (14.0) (32.0) (27.4) (97.1) (47.8) (52.2) (28.1) (46.4) (34.6) (36.0) (35.6) (44.3)
Interest Expense 53.2 53.8 34.7 23.7 17.2 16.1 13.8 0 0 0 0 0 0 1.5 6.0 13.0 15.7 13.0 13.4 6.5 0.3 18.0 15.0 14.8 9.2 6.1 5.6 5.1 4.7 5.2 7.2 0 2.8 2.8 0 3.3 0.5 0 0.1 0 0.1 1.2 0.1 0.4 0.4 0.4 0.4 0 0
Interest Income 0 0 0 0 0 0 0 1.9 18.7 18.7 21.4 3.9 3.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.5 0.7 0 3.1 0 0 0.5 0 0.3 0 0 0 0 0 0 0 0.2 0.0
Profitability
EBITDA (243.4) 1,091.4 865.0 870.8 333.2 346.5 607.8 595.3 513.1 150.3 282.9 142.2 214.9 (19.9) 189.1 69.7 (65.6) (22.3) 49.1 229.2 69.4 338.9 70.8 23.6 (76.1) 75.9 56.8 16.7 (14.4) 44.0 29.6 31.7 7.2 13.5 14.1 15.3 7.2 9.0 (9.4) (0.9) (80.2) (25.5) (29.6) (13.2) (24.5) (22.6) (24.0) (31.9) (41.0)
EBIT (339.4) 995.4 772.9 778.4 244.3 257.6 515.1 498.4 415.5 45.0 167.4 47.7 121.7 (110.8) 100.4 (21.1) (135.6) (61.4) 11.0 200.8 40.2 316.4 50.1 2.5 (96.2) 49.5 37.6 (2.1) (33.3) 21.4 13.7 19.3 (3.0) 3.8 5.0 6.2 (2.2) (0.9) (19.1) (9.9) (89.3) (34.6) (36.2) (19.6) (30.0) (28.3) (29.1) (35.6) (44.3)
Income Before Tax (392.6) 202.0 601.5 659.4 227.1 277.8 324.1 248.9 506.3 106.0 (12.4) (113.5) 74.7 (112.2) (36.0) (208.0) (209.1) (74.4) (2.4) 194.3 40.0 298.4 35.1 (12.2) (105.4) 391.4 32.0 (7.2) (38.0) (27.7) 20.7 (5.3) (23.8) (15.8) (16.7) (15.5) (14.6) (14.1) (32.1) (27.0) (96.4) (47.0) (53.0) (28.5) (47.6) (35.4) (37.4) (35.1) (44.8)
Income Tax Expense (84.0) 86.4 139.9 121.0 38.3 (1,646.9) 43.0 59.0 35.5 (51.8) 81.1 (8.2) (21.1) 5.4 (17.3) 1.3 (1.7) 6.6 0.5 (9.4) 0.9 4.4 (1.4) (0.8) 0.5 0.5 2.6 (0.5) 0.1 0.5 1.1 0.6 0.2 (0.2) (0.6) 0.5 0.5 1.0 0.2 0.3 0.3 1.2 0.9 1.2 0.4 1.7 0.3 0.3 (0.8)
Net Income (308.7) 115.8 461.5 538.5 189.9 1,946.0 283.8 195.3 472.0 178.1 (88.7) (102.0) 98.3 (113.8) (14.7) (208.0) (204.2) (76.8) 0.1 204.0 39.0 294.0 36.5 (11.5) (105.9) 390.9 29.4 (6.7) (38.2) (28.2) 19.6 (5.9) (24.0) (15.7) (16.1) (16.0) (15.1) (15.2) (32.3) (27.3) (96.8) (48.3) (53.9) (29.6) (48.0) (37.1) (37.7) (35.4) (44.0)
Per Share Data
EPS (Basic) -0.52 0.18 0.76 0.88 0.31 3.15 0.46 0.32 0.77 0.29 -0.15 -0.17 0.16 -0.19 -0.02 -0.36 -0.38 -0.17 0.00 0.45 0.09 0.67 0.08 -0.03 -0.24 0.92 0.07 -0.02 -0.09 -0.07 0.05 -0.01 -0.06 -0.04 -0.04 -0.04 -0.04 -0.04 -0.09 -0.08 -0.29 -0.24 -0.17 -0.10 -0.17 -0.13 -0.13 -0.12 -0.15
EPS (Diluted) -0.52 0.19 0.74 0.87 0.30 3.04 0.45 0.31 0.74 0.28 -0.15 -0.17 0.16 -0.19 -0.02 -0.36 -0.38 -0.15 0.00 0.39 0.08 0.59 0.07 -0.03 -0.24 0.83 0.06 -0.02 -0.09 -0.07 0.04 -0.01 -0.06 -0.04 -0.04 -0.04 -0.04 -0.04 -0.09 -0.08 -0.29 -0.24 -0.17 -0.10 -0.17 -0.13 -0.13 -0.12 -0.15
Shares Outstanding 597.6 612.2 610.2 612.9 619.4 638.0 616.4 617.7 616.4 615.1 611.3 606.7 602.2 598.9 592.7 577.8 537.4 458.4 460.7 455.4 455.0 443.1 444.5 440.1 434.9 425.0 427.1 423.3 419.3 405.7 409.7 403.3 395.9 379.3 384.0 376.4 366.7 339.0 343.9 334.5 331.3 327.1 322.9 284.3 284.3 277.3 284.3 284.3 284.3
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
Current Assets
Cash & Cash Equivalents 12,799.5 11,335.9 13,139.6 11,322.0 12,337.6 12,258.1 12,233.6 11,349.8 9,799.8 8,166.9 8,026.0 8,098.5 8,861.6 7,724.5 7,315.4 6,925.8 7,184.5 7,274.7 4,514.6 4,581.2 3,022.5 3,158.1 3,969.8 3,705.9 2,907.1 1,723.4 612.0 617.3 521.7 583.2 721.7 1,388.0 738.6 696.5 658.4 717.0 704.5 452.0 437.9 342.4 370.6
Short-Term Investments 462.6 628.0 448.9 397.4 427.1 491.4 562.2 696.5 614.8 1,249.5 1,161.1 1,121.8 1,024.1 1,081.9 1,053.0 939.0 796.7 869.3 868.8 1,014.9 972.8 695.1 762.4 714.3 521.8 492.5 557.7 572.2 566.5 541.0 449.0 233.6 200.0 169.6 210.0 203.3 186.8 59.9 76.4 61.0 43.4
Net Receivables 7,761.9 8,882.8 6,901.4 6,472.0 5,499.6 5,669.7 5,484.5 7,729.7 7,312.6 7,194.0 6,722.0 4,888.7 4,478.8 5,324.6 4,020.7 3,662.9 3,436.6 2,099.6 1,290.3 1,231.0 1,169.7 1,066.9 1,033.4 1,032.3 637.2 689.8 602.1 1,538.4 1,419.7 387.3 1,213.7 824.6 710.5 629.1 591.8 317.1 273.0 327.3 241.2 209.1 192.3
Inventory 174.3 158.3 166.6 138.1 108.8 105.0 118.1 104.7 119.4 110.1 96.4 97.9 101.7 97.7 103.0 78.7 72.3 77.1 73.4 58.8 63.8 61.1 70.4 55.4 54.7 47.7 44.7 29.4 26.7 28.6 25.3 22.0 20.9 16.8 21.2 18.5 14.0 13.7 14.7 17.2 14.9
Other Current Assets 2,208.6 1,563.1 1,252.7 1,122.4 1,062.0 1,226.7 2,269.5 2,272.2 2,565.9 997.4 1,423.3 1,493.9 1,298.6 1,228.0 937.9 807.9 247.3 137.0 3,744.3 4,058.6 4,036.1 2,746.2 629.8 649.4 237.7 243.7 925.0 752.8 708.4 550.0 455.0 385.0 305.6 251.9 197.6 171.8 155.7 141.1 69.1 82.6 86.0
Total Current Assets 23,766.4 22,856.9 22,067.7 19,707.7 19,712.4 19,880.2 20,774.9 22,291.3 20,538.3 17,818.7 17,540.6 15,841.1 15,900.5 15,623.4 13,548.8 12,526.3 11,860.7 10,520.9 10,562.0 11,000.2 9,318.9 7,761.6 6,491.3 6,187.1 4,390.0 3,219.8 2,758.8 3,528.6 3,266.5 2,111.9 2,877.4 2,869.9 1,990.4 1,778.3 1,686.9 1,437.9 1,343.4 1,001.4 843.0 721.0 720.1
Non-Current Assets
Property, Plant & Equipment 483.3 538.3 557.2 513.4 521.3 534.4 549.5 528.6 533.6 540.8 585.3 610.7 676.4 702.5 741.9 754.5 758.2 731.5 723.5 722.2 709.0 690.4 646.1 616.5 564.1 262.3 242.7 238.6 245.7 142.4 130.1 121.7 98.2 91.5 88.7 87.4 91.0 88.3 90.0 86.3 89.0
Goodwill 11,956.3 11,849.0 11,807.9 11,816.8 11,503.7 11,417.4 12,048.1 11,822.3 11,721.3 11,919.7 11,749.2 11,944.1 11,919.3 11,966.8 11,558.0 11,982.1 12,428.9 519.3 519.5 501.4 316.4 316.7 300.6 295.8 288.5 266.3 266.0 270.2 267.0 261.7 260.0 255.7 58.3 58.3 58.0 58.0 58.1 57.2 56.7 56.7 56.7
Intangible Assets 1,245.8 1,281.7 1,326.1 1,368.7 1,391.2 1,433.1 1,607.9 1,629.2 1,673.6 1,761.5 1,779.0 1,878.2 1,949.1 2,014.0 2,030.9 2,148.1 2,275.2 257.0 268.7 262.2 129.8 137.6 107.6 99.8 81.9 69.1 72.8 84.2 79.7 77.1 81.1 85.5 14.1 14.3 14.6 16.5 18.4 19.3 20.3 22.3 24.5
Long-Term Investments 860.0 1,389.6 1,596.4 1,374.8 1,225.1 1,509.8 1,173.3 1,089.7 970.7 796.3 733.8 604.9 720.5 884.6 1,076.8 1,294.1 1,638.4 1,757.3 1,682.2 1,189.0 777.7 922.7 530.1 577.7 639.5 647.3 593.4 487.2 512.3 510.0 599.6 193.2 201.7 228.7 216.3 124.1 62.7 27.4 15.5 19.6 29.7
Other Non-Current Assets 293.6 331.6 285.2 283.2 275.6 201.7 201.6 185.6 175.3 184.9 167.0 196.9 171.7 173.1 164.6 180.0 166.1 139.6 153.4 140.7 96.9 40.5 38.6 35.5 39.9 86.4 66.9 45.2 31.4 177.9 24.6 28.2 16.3 15.6 19.2 17.8 17.5 17.5 26.5 27.3 25.0
Total Non-Current Assets 16,219.7 16,693.0 17,115.1 17,150.7 16,683.2 16,897.4 15,580.5 15,255.3 15,074.5 15,212.6 15,014.3 15,234.8 15,436.8 15,740.9 15,572.2 16,358.8 17,266.8 3,404.8 3,347.4 2,815.5 2,029.9 2,107.9 1,623.0 1,625.2 1,613.9 1,331.5 1,241.7 1,125.4 1,136.1 1,169.1 1,096 684.9 389.2 409.0 397.0 303.8 247.8 209.9 209.2 212.3 225.0
Total Assets 39,986.1 39,549.9 39,182.8 36,858.4 36,395.6 36,777.6 36,355.4 37,546.6 35,612.8 33,031.3 32,554.9 31,075.9 31,337.3 31,364.3 29,120.9 28,885.2 29,127.5 13,925.8 13,909.4 13,815.7 11,348.7 9,869.5 8,114.3 7,812.3 6,003.9 4,551.3 4,000.5 4,654.0 4,402.6 3,281.0 3,973.4 3,554.8 2,379.6 2,187.3 2,083.9 1,741.7 1,591.1 1,211.4 1,052.2 933.3 945.1
Current Liabilities
Account Payables 134.0 114.6 125.9 118.8 89.0 118.0 94.2 112.7 91.4 142.6 655.3 412.7 498.1 558.4 445.9 389.6 389.0 336.8 344.0 312.1 315.3 286.5 187.1 203.7 119.0 137.9 118.8 319.7 290.8 90.6 203.3 140.6 116.9 131.6 81.4 41.8 35.8 51.2 27.5 23.7 16.3
Short-Term Debt 1,857.9 2,040.2 1,729.5 1,691.0 0 1,184.5 1,136.9 1,462.0 1,407.6 753.0 51.9 530.3 765.7 921.6 491.3 528.4 124.6 498.0 730.3 828.4 768.9 464.1 473.5 447.8 0 0 0 0 0 0 126.0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 352.8 297.4 323.1 296.7 276.3 241.9 240.7 209.0 185.7 167.0 199.1 170.5 155.5 141.9 166.0 50.5 53.0 48.5 91.7 52.4 47.6 44.9 46.1 44.6 40.4 38.1 39.0 38.6 36.3 31.5 29.3 24.1 3.4 5.9 3.4 4.5 3.0 5.4 5.3 5.1 6.2
Other Current Liabilities 578.0 301.6 286.8 282.5 300.7 270.9 1,668.1 1,780.3 2,023.1 316.4 986.1 995.3 974.6 686.4 729.6 549.8 43.2 0 0 0 0 0 0 0 0 0 12.7 15.2 16.9 0 20.5 18.7 13.4 10.9 6.7 11.2 68.1 5.8 10.3 13.0 10.1
Total Current Liabilities 11,967.1 10,384.5 10,108.0 10,071.3 8,686.7 8,546.8 10,040.0 12,230.7 12,501.2 8,883.0 9,192.1 8,239.0 8,706.3 8,434.5 7,278.6 6,961.0 6,030.0 5,435.1 5,549.1 5,646.8 5,561.1 4,126.1 3,825.7 3,632.5 2,004.7 1,694.1 1,644.9 2,375.6 2,183.6 1,018.5 1,863.5 1,315.9 1,131.7 972.8 930.7 624.9 554.9 577.5 486.0 411.5 449.9
Non-Current Liabilities
Long-Term Debt 5,977.1 6,613.7 6,057.0 4,123.8 5,727.4 6,402.6 5,931.1 5,582.8 3,669.2 4,975.0 4,976.0 4,404.8 4,497.4 4,986.9 4,107.2 4,104.7 4,561.9 4,559.2 4,737.8 4,841.3 2,980.2 2,586.9 1,758.6 1,778.4 1,760.8 938.8 928.9 919.0 909.3 899.7 898.0 1,071.4 363.0 358.6 354.2 350.0 345.7 0 0 0 0
Deferred Tax Liabilities 0.1 1.2 162.3 162.8 162.7 162.4 40.9 37.1 27.4 35.7 0 0 0 132.5 159.5 189.2 238.7 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 118.5 123.5 122.8 121.9 118.1 152.2 146.4 130.7 166.0 155.0 253.5 347.2 329.6 201.7 675.9 406.1 450.9 222.8 227.0 186.4 92.7 85.3 75.1 83.3 74.2 88.2 68.0 65.2 73.1 242.3 89.7 85.9 74.9 69.5 64.1 60.8 59.9 57.7 55.0 50.3 50.2
Total Non-Current Liabilities 6,337.9 6,995.5 6,601.6 4,664.2 6,273.8 6,995.8 6,406.2 6,022.9 4,144.4 5,455.4 5,532.3 5,067.1 5,156.2 5,678.5 5,312.4 5,032.8 5,647.1 5,177.1 5,355.6 5,432.2 3,473.2 3,061.9 2,225.7 2,253.4 2,191.3 1,142.1 1,105.8 1,093.9 1,097.4 1,142.0 987.7 1,157.3 437.9 428.1 420.3 413.0 408.3 57.7 55.8 50.4 50.3
Total Liabilities 18,305.1 17,380.0 16,709.6 14,735.5 14,960.5 15,542.6 16,446.1 18,253.6 16,645.6 14,338.5 14,724.4 13,306.1 13,862.4 14,113.0 12,591.0 11,993.7 11,677.1 10,612.2 10,904.7 11,079.0 9,034.3 7,188.0 6,051.4 5,886.0 4,195.9 2,836.2 2,750.7 3,469.5 3,281.0 2,160.5 2,851.2 2,473.2 1,569.6 1,400.9 1,350.9 1,038.0 963.2 635.2 541.8 461.8 500.2
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
Retained Earnings 3,365.6 3,674.3 3,558.5 3,096.9 2,558.5 2,368.6 422.6 138.8 (56.4) (528.4) (737.0) (708.1) (585.5) (568.7) (454.9) (440.2) (232.2) (28.0) 48.9 48.8 (155.2) (297.2) (591.2) (627.7) (616.2) (510.3) (901.3) (930.7) (923.9) (885.8) (857.6) (877.2) (871.3) (842.7) (827.1) (811.0) (795.0) (779.2) (764.1) (731.7) (704.4)
Accumulated Other Comprehensive Income (252.1) (365.4) (415.7) (381.9) (870.8) (1,001.1) (189.9) (532.4) (660.2) (378.3) (802.5) (537.4) (572.6) (523.1) (1,046.6) (429.9) 218.4 (16.4) (7.4) 7.8 10.2 23.3 11.9 4.4 (3.4) 1.6 (2.4) (0.9) (3.4) (6.1) (6.3) (4.5) (1.3) (1.3) (0.4) (0.5) (1.2) (2.0) 0.2 0.1 (0.3)
Total Stockholders' Equity 21,715.3 22,204.3 22,507.4 22,157.1 21,469.2 21,267.9 19,920.9 19,302.0 18,970.8 18,695.3 17,812.7 17,747.2 17,448.9 17,222.9 16,497.7 16,855.1 17,412.8 3,272.9 2,959.8 2,688.9 2,314.4 2,681.6 2,062.8 1,926.3 1,807.9 1,715.0 1,249.8 1,184.5 1,121.6 1,120.5 1,122.1 1,081.6 810.0 786.3 732.9 703.7 627.9 576.2 510.4 471.5 444.9
Total Liabilities & Equity 39,986.1 39,549.9 39,182.8 36,858.4 36,395.6 36,777.6 36,355.4 37,546.6 35,612.8 33,031.3 32,554.9 31,075.9 31,337.3 31,364.3 29,120.9 28,885.2 29,127.5 13,925.8 13,909.4 13,815.7 11,348.7 9,869.5 8,114.3 7,812.3 6,003.9 4,551.3 4,000.5 4,654.0 4,402.6 3,281.0 3,973.4 3,554.8 2,379.6 2,187.3 2,083.9 1,741.7 1,591.1 1,211.4 1,052.2 933.3 945.1
Debt Metrics
Total Debt 8,133.4 8,966.4 8,101.3 6,122.5 6,045.0 7,918.6 7,409.2 7,369.1 5,411.9 6,071.5 5,383.5 5,307.8 5,655.0 6,332.8 5,038.6 5,090.9 5,153.5 5,516.2 5,919.3 6,131.3 4,205.0 3,493.4 2,668.1 2,654.6 2,147.7 1,074.9 1,064.7 1,056.2 1,051.1 899.7 1,023.9 1,071.4 363.0 358.6 357.6 353.7 349.9 0 1.3 0.1 0.1
Net Debt (4,666.1) (2,369.5) (5,038.3) (5,199.6) (6,292.6) (4,339.5) (4,824.4) (3,980.7) (4,387.9) (2,095.4) (2,642.6) (2,790.7) (3,206.6) (1,391.8) (2,276.8) (1,834.9) (2,030.9) (1,758.4) 1,404.7 1,550.1 1,182.5 335.4 (1,301.6) (1,051.2) (759.4) (648.5) 452.7 438.9 529.4 316.5 302.2 (316.5) (375.6) (337.9) (300.8) (363.3) (354.6) (452.0) (436.6) (342.4) (370.5)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (308.6) 115.6 461.6 538.3 188.7 1,946.0 283.8 195.3 472.0 157.8 (33.8) (125.8) (19.3) (117.6) (18.7) (209.3) (207.4) (81.0) (2.9) 203.7 39.0 294.0 36.5 (11.5) (105.9) 390.9 29.4 (6.7) (38.2) (28.2) 19.6 (5.9) (24.0) (15.7) (16.1) (16.0) (15.1) (15.2) (32.3) (27.3) (96.8)
Depreciation & Amortization (184.0) 96.1 92.1 92.4 88.9 88.9 92.7 96.9 97.6 105.3 115.5 94.5 93.2 90.9 88.7 90.8 70.1 39.0 38.1 28.4 29.2 22.5 20.6 21.1 20.1 (3.2) 26.7 26.4 25.7 22.6 15.8 12.3 10.2 9.6 9.1 9.1 9.4 9.9 9.7 9.0 9.1
Stock-Based Compensation 338.7 293.5 309.4 297.3 315.2 316.9 324.1 320.6 311.2 331.6 345.7 319.3 279.6 276.5 262.7 256.6 275.4 178.0 165.0 146.4 118.6 113.7 110.4 96.4 77.3 79.9 77.4 79.5 61.1 59.0 58.9 52.1 46.8 44.5 40.0 39.6 31.7 33.9 36.8 36.9 31.2
Change in Working Capital 454.0 (486.4) 64.8 (251.3) (168.5) (480.7) 199.4 (104) (63.2) (664.1) 269.2 (229.0) (61.3) (120.9) (240.6) (177.0) (61.4) (223.7) 59.9 (46.9) (30.0) (155.2) 160.7 (26.0) 11.3 (28.5) 54.6 7.5 (24.5) 91.9 (55.6) (57.1) 4.7 (43.9) (5.8) (8.2) 14.5 (49.2) 49.2 (26.1) 33.6
Other Non-Cash Items 744.4 450.0 392.5 (346.8) (298.7) (1,857.3) (217.0) (0.9) (320.2) (729.3) (78.9) 15.8 0.9 (61.4) (50.2) (62.1) 160.4 267.9 151.9 (55.7) (186.0) (149.5) 86.8 (353.1) 119.5 (377.6) 49.4 28.2 9.1 31.2 8.7 17.6 15.0 4.3 12.5 3.3 3.4 1.3 14.8 (12.8) 7.2
Operating Cash Flow 965.6 621 1,451.1 374.3 133.3 13.8 684.8 519.4 489.4 (797.9) 491.2 113.3 294.4 45.4 15.7 (114.6) 229.4 175.1 407.3 275.3 (29.2) 120.7 412.7 (273.1) 121.3 61.1 238.7 133.4 32.4 176.4 47.6 19.0 52.1 (2.6) 39.7 46.6 44.0 (19.1) 55.8 (18.8) (13.7)
Investing Activities
Capital Expenditure (30.6) (41.2) (50.6) (31.3) (31.9) (27.0) (56.6) (38.4) (32.0) (51.7) (37.7) (29.5) (32.3) (49.1) (36.3) (44.2) (41.2) (36.3) (31.4) (32.5) (204.1) (52.0) (29.8) (30.4) (26.1) (16.7) (15.7) (12.0) (18.2) (24.0) (14.0) (15.1) (9.7) (6.5) (5.7) (7.4) (6.5) (5.8) (3.8) (8.3) (7.9)
Acquisitions 0 0 0 0 0 0 0 0 0 (5.0) 0 0 0 0 (0.0) (31.2) 570.7 0 0.3 (164.3) 0 (50) (10.9) (5.6) (12.7) 309.3 0 (9.1) (11.2) 0 (0.6) (110.8) (1.1) (0.3) (25) 0 (1.6) (1.4) 0 0 0
Purchases of Investments (10,721.0) (10,224.2) (6,697.7) (1,303.4) (169.7) (179.0) (296.3) (589.4) (187.0) (218.3) (514.0) (366.6) (61.6) (251.6) (138.0) (196.3) (226.5) (372.1) (964.5) (1,366.3) (549.0) (497.2) (528.5) (481.8) (508.4) (320.7) (553.6) (214.7) (230.3) (289.4) (694.0) (114.8) (50.2) (59.4) (171.4) (132.2) (181.9) (25.7) (36.9) (29.2) (73.1)
Sales/Maturities of Investments 165.5 520.0 5,335.4 696.8 412.7 224.0 374.2 321.6 531.9 692.7 352.8 391.9 289.5 443.5 230.7 334.1 830.5 354.1 672.0 788.1 595.2 524.3 339.8 330.1 432.6 419.9 368.4 210.4 189.3 182.8 99.4 90.1 45.5 86.1 97.4 54.2 19.6 30.2 25.5 21.7 0
Other Investing Activities 10,886.1 7,615.3 312.3 152.1 703.6 (341.1) 84.4 131.2 729.5 (139.6) 25.0 (40.8) 428.3 (422.3) 108.5 147.3 (2.9) 0 0 0 (170) 0 0 0 0 0 0 0 0 0 0 0 (1.6) 0 0 0 0 0.3 0 0 (0.4)
Investing Cash Flow 300.0 (2,130.1) (1,100.7) (485.8) 914.7 (323.2) 105.7 (175.0) 1,042.4 278.2 (173.9) (45.0) 623.9 (279.6) 165.0 209.7 1,130.6 (54.3) (323.6) (775.0) (158.0) (74.9) (229.4) (187.7) (114.6) 391.9 (200.9) (25.4) (70.4) (130.6) (609.2) (150.6) (15.5) 19.9 (104.8) (85.3) (170.4) (2.3) (15.2) (23.9) (81.3)
Financing Activities
Net Debt Issuance (841.2) 856.8 2,024.9 61.5 (1,868.9) 573.7 0.7 1,981.6 (630.0) 640.5 101.9 (461.8) (631.0) 851.8 269.8 (55.5) (1,351.7) (228.1) (98.0) 2,031.3 300.1 1,120.9 25.7 447.8 986.2 0 0 0 0 (150.6) (68.7) 855.0 (0.7) (0.4) (0.4) (0.4) 428.0 (0.2) 0 0 0
Stock Repurchased (636.0) (790.1) (403.0) (692.2) (445.3) (183.2) (345.6) (389.5) (252.1) (156.8) 0 0 0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1,224.7 (57.5) (155.3) (277.1) 1,102.6 317.0 416.6 (451.1) 914.5 316.7 (421.5) (309.3) 621.9 127.2 89.0 (216.1) 383.2 881.4 (212.9) (229.9) 819.5 (137.1) (61.1) 0.9 (68.1) (12.7) (43.8) (15.6) (26.9) (24.4) (32.4) (66.2) 3.7 24.2 3.7 50.6 (50.4) 48.1 32.8 14.8 (4.8)
Financing Cash Flow (251.9) 39.8 1,466.6 (907.8) (1,211.6) 707.6 71.7 1,140.9 32.4 800.4 (319.6) (711.9) (9.1) 979.0 358.8 (271.6) (968.6) 653.3 (311.0) 1,801.4 1,119.6 983.8 (35.4) 448.7 918.1 (12.7) (43.8) (15.6) (26.9) (175.0) (101.1) 788.8 3.0 23.8 3.3 50.2 377.6 48.0 32.8 14.8 (4.8)
Cash Position
Net Change in Cash (156.0) (1,431.9) 1,802.5 (946.6) (141.3) 296.1 915.6 1,487.3 1,522.4 338.4 (37.7) (637.7) 910.3 801.4 480.0 (211.1) 390.5 (66.6) (234.4) 1,302.8 924.2 1,041.8 153.9 (3.7) 911.2 444.8 (9.0) 93.5 (63.5) (132.2) (663.3) 652.3 41.0 41.6 (60.2) 12.7 252.2 14.1 73.3 (18.6) (98.1)
Cash at Beginning 7,635.7 9,067.5 12,142.6 13,089.2 13,230.5 12,934.4 12,018.9 10,531.5 9,009.1 8,670.7 8,708.5 9,346.2 8,435.9 7,634.5 7,154.5 7,365.6 6,975.1 4,529.0 7,020.2 5,717.3 4,793.2 2,160.1 2,006.2 2,009.9 1,098.7 653.9 662.9 569.3 632.8 765.1 1,428.4 776.1 735.1 693.5 753.7 741.0 488.7 437.9 372.9 391.5 489.6
Cash at End 7,479.7 7,635.7 13,945.0 12,142.6 13,089.2 13,230.5 12,934.4 12,018.9 10,531.5 9,009.1 8,670.7 8,708.5 9,346.2 8,435.9 7,634.5 7,154.5 7,365.6 4,462.4 6,785.7 7,020.2 5,717.3 3,201.9 2,160.1 2,006.2 2,009.9 1,098.7 653.9 662.9 569.3 632.8 765.1 1,428.4 776.1 735.1 693.5 753.7 741.0 452.0 446.1 372.9 391.5
Free Cash Flow 935.0 579.8 1,400.4 343.0 101.5 (13.2) 628.2 481.0 457.4 (849.6) 453.5 83.8 262.1 (3.7) (20.6) (158.9) 188.2 138.8 375.9 242.9 (233.3) 68.7 382.9 (303.6) 95.2 44.4 223.1 121.4 14.3 152.4 33.6 3.9 42.4 (9.1) 34.0 39.2 37.5 (24.9) 51.9 (27.1) (21.7)
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 6,056.8 6,252.5 6,115.0 6,054.5 5,771.8 6,032.6 5,975.8 6,155.6 5,957.1 5,773.0 5,617.5 5,535.0 4,990.1 4,650.9 4,515.5 4,404.5 3,960.6 4,078.5 3,844.7 4,680.7 5,057.3 3,159.0 3,033.9 1,923.6 1,381.1 1,313.4 1,266.5 1,174.2 959.4 932.5 882.1 814.9 668.6 616.0 585.2 551.5 461.6 451.9 439.0 438.5 379.3 374.4 332.2 310.0 250.6 250.9 227.4 206.8 165.1
Gross Profit 2,909.2 2,872.2 2,661.6 2,536.5 2,289.6 2,311.4 2,249.7 2,233.5 2,094.5 2,025.8 1,898.4 1,866.1 1,714.6 1,660.2 1,567.1 1,469.6 1,295.0 1,182.0 1,133.2 1,141.1 963.5 803.7 794.5 596.8 538.5 527.0 500.0 465.8 396.8 380.1 352.7 315.8 255.2 239.8 218.6 207.4 173.4 166.5 150.3 149.0 110.2 109.1 96.3 90.3 74.3 68.3 61.1 54.5 42.3
Operating Income 328.1 995.4 772.9 778.4 499.0 257.6 323.0 306.6 249.7 (130.7) (9.9) (132.1) (6.2) (135.2) (48.8) (213.8) (226.8) (54.6) 23.0 125.0 67.7 45.2 49.3 (23.1) (90.3) 17.3 32.1 (0.8) (22.0) (3.1) (9.9) (2.6) (21.0) (13.0) (14.9) (12.2) (14.1) (14.0) (32.0) (27.4) (97.1) (47.8) (52.2) (28.1) (46.4) (34.6) (36.0) (35.6) (44.3)
Net Income (308.7) 115.8 461.5 538.5 189.9 1,946.0 283.8 195.3 472.0 178.1 (88.7) (102.0) 98.3 (113.8) (14.7) (208.0) (204.2) (76.8) 0.1 204.0 39.0 294.0 36.5 (11.5) (105.9) 390.9 29.4 (6.7) (38.2) (28.2) 19.6 (5.9) (24.0) (15.7) (16.1) (16.0) (15.1) (15.2) (32.3) (27.3) (96.8) (48.3) (53.9) (29.6) (48.0) (37.1) (37.7) (35.4) (44.0)
EPS (Diluted) -0.52 0.19 0.74 0.87 0.30 3.04 0.45 0.31 0.74 0.28 -0.15 -0.17 0.16 -0.19 -0.02 -0.36 -0.38 -0.15 0.00 0.39 0.08 0.59 0.07 -0.03 -0.24 0.83 0.06 -0.02 -0.09 -0.07 0.04 -0.01 -0.06 -0.04 -0.04 -0.04 -0.04 -0.04 -0.09 -0.08 -0.29 -0.24 -0.17 -0.10 -0.17 -0.13 -0.13 -0.12 -0.15
Balance Sheet
Cash & Equivalents 12,799.5 11,335.9 13,139.6 11,322.0 12,337.6 12,258.1 12,233.6 11,349.8 9,799.8 8,166.9 8,026.0 8,098.5 8,861.6 7,724.5 7,315.4 6,925.8 7,184.5 7,274.7 4,514.6 4,581.2 3,022.5 3,158.1 3,969.8 3,705.9 2,907.1 1,723.4 612.0 617.3 521.7 583.2 721.7 1,388.0 738.6 696.5 658.4 717.0 704.5 452.0 437.9 342.4 370.6
Total Assets 39,986.1 39,549.9 39,182.8 36,858.4 36,395.6 36,777.6 36,355.4 37,546.6 35,612.8 33,031.3 32,554.9 31,075.9 31,337.3 31,364.3 29,120.9 28,885.2 29,127.5 13,925.8 13,909.4 13,815.7 11,348.7 9,869.5 8,114.3 7,812.3 6,003.9 4,551.3 4,000.5 4,654.0 4,402.6 3,281.0 3,973.4 3,554.8 2,379.6 2,187.3 2,083.9 1,741.7 1,591.1 1,211.4 1,052.2 933.3 945.1
Total Debt 8,133.4 8,966.4 8,101.3 6,122.5 6,045.0 7,918.6 7,409.2 7,369.1 5,411.9 6,071.5 5,383.5 5,307.8 5,655.0 6,332.8 5,038.6 5,090.9 5,153.5 5,516.2 5,919.3 6,131.3 4,205.0 3,493.4 2,668.1 2,654.6 2,147.7 1,074.9 1,064.7 1,056.2 1,051.1 899.7 1,023.9 1,071.4 363.0 358.6 357.6 353.7 349.9 0 1.3 0.1 0.1
Stockholders' Equity 21,715.3 22,204.3 22,507.4 22,157.1 21,469.2 21,267.9 19,920.9 19,302.0 18,970.8 18,695.3 17,812.7 17,747.2 17,448.9 17,222.9 16,497.7 16,855.1 17,412.8 3,272.9 2,959.8 2,688.9 2,314.4 2,681.6 2,062.8 1,926.3 1,807.9 1,715.0 1,249.8 1,184.5 1,121.6 1,120.5 1,122.1 1,081.6 810.0 786.3 732.9 703.7 627.9 576.2 510.4 471.5 444.9
Cash Flow
Operating Cash Flow 965.6 621 1,451.1 374.3 133.3 13.8 684.8 519.4 489.4 (797.9) 491.2 113.3 294.4 45.4 15.7 (114.6) 229.4 175.1 407.3 275.3 (29.2) 120.7 412.7 (273.1) 121.3 61.1 238.7 133.4 32.4 176.4 47.6 19.0 52.1 (2.6) 39.7 46.6 44.0 (19.1) 55.8 (18.8) (13.7)
Capital Expenditure (30.6) (41.2) (50.6) (31.3) (31.9) (27.0) (56.6) (38.4) (32.0) (51.7) (37.7) (29.5) (32.3) (49.1) (36.3) (44.2) (41.2) (36.3) (31.4) (32.5) (204.1) (52.0) (29.8) (30.4) (26.1) (16.7) (15.7) (12.0) (18.2) (24.0) (14.0) (15.1) (9.7) (6.5) (5.7) (7.4) (6.5) (5.8) (3.8) (8.3) (7.9)
Free Cash Flow 935.0 579.8 1,400.4 343.0 101.5 (13.2) 628.2 481.0 457.4 (849.6) 453.5 83.8 262.1 (3.7) (20.6) (158.9) 188.2 138.8 375.9 242.9 (233.3) 68.7 382.9 (303.6) 95.2 44.4 223.1 121.4 14.3 152.4 33.6 3.9 42.4 (9.1) 34.0 39.2 37.5 (24.9) 51.9 (27.1) (21.7)