Zillow Group, Inc. Class A logo ZG - Zillow Group, Inc. Class A

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 25
HOLD 23
SELL 1
STRONG
SELL
0
| PRICE TARGET: $65.00 DETAILS
HIGH: $95.00
LOW: $50.00
MEDIAN: $60.00
CONSENSUS: $65.00
UPSIDE: 76.25%
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
Revenue
Revenue 708 654 676 655 598 554 581 572 529 474 496 506 469 435 483 504 536 535 550 1,310.0 1,218 789.0 656.7 768.4 1,125.8 943.9 745.2 599.6 454.1 365.3 343.1 325.2 299.9 282.3 281.8 266.9 245.8 227.6 224.6 208.4 186.0 169.4 176.8 171.3 127.3 92.3 88.6 78.7 66.2 58.3 53.3 46.9 39.0 34.3 31.9 27.8 22.8 19.9 19.1 15.8 11.3 9.6 8.2 7.3 5.3 4.7 5.5 4.5 2.7
Cost of Revenue 189 178 185 166 139 134 140 130 123 115 110 104 92 89 89 97 92 95 82 793.4 711 317.4 243.8 461.1 761.7 609.6 399.8 271.2 151.3 67.5 36.7 25.5 23.9 22.6 22.2 20.3 20.2 19.7 18.3 17.2 16.5 15.1 16.5 17.0 13.0 8.8 7.7 6.8 6.2 5.3 5.1 4.3 4.1 3.8 3.6 3.3 3.4 3.0 3.1 2.7 1.8 1.3 1.3 1.2 1.2 1 1 1 0.9
Gross Profit 519 476 491 489 459 420 441 442 406 359 386 402 377 346 394 407 444 440 468 516.6 507 471.5 412.9 307.3 364.1 334.3 345.4 328.4 302.8 297.9 306.4 299.7 276.0 259.8 259.7 246.6 225.5 207.9 206.3 191.2 169.5 154.3 160.3 154.2 114.3 83.5 81.0 71.9 60.1 53.1 48.2 42.6 34.8 30.5 28.3 24.5 19.5 16.9 16.0 13.1 9.4 8.2 7.0 6.1 4.2 3.7 4.5 3.5 1.8
Operating Expenses
R&D Expenses 150 154 151 153 149 149 145 144 147 141 142 140 137 129 142 119 121 114 109 106.7 128 127.0 94.8 128.9 134.9 125.3 124.0 120.3 107.8 111.2 105.3 100.4 93.9 85.2 83.4 78.5 72.9 72.1 69.2 67.4 64.4 55.8 53.7 51.7 37.3 28.3 21.3 19.9 17.0 14.6 12.2 11.1 10.6 9.1 6.7 5.8 5.0 4.0 3.8 3.3 3.0 2.7 2.5 2.9 2.5 2.6 2.8 2.8 3.1
SG&A Expenses 333 333 341 347 319 340 340 336 298 311 295 326 279 290 303 283 286 243 309 344.5 298 255.2 241.7 241.1 296.9 282.8 269.8 270.3 257.4 213.6 199.5 208.3 193.4 161.7 161.3 184.6 151.4 132.6 130.5 278.9 152.6 123.8 124.7 131.8 97.3 58.4 62.7 62.8 49.6 35.7 41.6 41.9 28.0 20.9 19.3 17.4 12.8 12.0 12.7 8.3 7.3 6.0 6.0 5.2 4.5 4.1 4.2 3.8 3.2
Other Expenses 0 0 2 0 0 0 1 0 6 12 2 3 6 0 0 0 (371) 51 0 0 (7) 0 0 0 76.8 0 0 0 0 0 0 3.1 2.4 1.4 1.4 1.6 1.0 0.7 0.6 0.8 0.7 0.4 0.4 0.5 0.3 0.3 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 483 487 494 500 468 489 486 480 451 464 439 469 422 419 445 402 36 408 418 451.2 419 382.2 336.5 370.0 508.7 408.1 393.8 390.6 365.1 324.8 304.8 308.7 287.3 246.9 244.7 263.1 224.3 204.7 199.7 346.3 217.0 179.5 178.4 183.5 134.6 86.6 84.0 82.6 66.6 50.4 53.7 53.0 38.6 30.0 26.0 23.2 17.8 16.0 16.6 11.6 10.3 8.7 8.5 8.1 7.0 6.7 7 6.6 6.3
Operating Income
Operating Income 36 (11) (3) (11) (9) (69) (45) (38) (45) (105) (53) (67) (45) (73) (51) 5 408 32 50 65.4 88 89.4 76.4 (62.7) (144.5) (73.8) (48.4) (62.5) (62.7) (97.7) (10.3) (9.6) (11.4) (161.2) 14.7 (16.6) 1.2 2.7 7.8 (155.3) (48.1) (26.3) (27.7) (37.6) (57.9) (11.2) (16.2) (10.8) (6.5) 2.7 (5.5) (10.3) (3.8) 0.5 2.3 1.3 1.7 0.9 (0.6) 1.6 (0.9) (0.5) (1.5) (2.0) (2.8) (3) (2.4) (3.1) (4.5)
Interest Expense (4) 5 3 5 5 8 9 10 9 9 9 9 9 9 9 9 8 68.2 29 39 40 40.6 39.5 37.6 37.6 39.9 26.5 18.9 16.5 14.3 12.7 7.2 7.1 7.0 6.9 6.9 6.7 2.7 1.6 1.6 1.6 1.6 1.6 1.6 0.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 109 61 90 76 80 26 54 61 52 14 36 26 33 (17) 1 59 80 74 80 96.9 110 121.2 111.9 (13.7) (44.1) (31.7) (11.1) (25.7) (28.6) (68.7) 20.9 19.5 18.0 (131.2) 53.7 12.1 29.3 6.4 33.9 (155.3) (23.6) (4.6) (17.8) (16.7) (43.6) 5.0 (6.9) (1.9) 1.8 10.2 0.6 (5.2) 1.0 4.6 5.9 4.0 4.0 2.7 1.4 3.4 0.7 0.9 (0.2) (0.6) (1.6) (2.9) (2.4) (3.1) (4.4)
EBIT 36 (11) 15 7 13 (43) (11) (5) (12) (61) (19) (25) (13) (59) (39) 10 50 44 58 62.4 89 87.2 79.5 (46.2) (67.7) (61.7) (39.4) (53.1) (53.6) (91.8) (2.5) (6.5) (8.9) (159.8) 16.2 (14.9) 2.1 (19.3) 8.4 (154.6) (47.4) (25.9) (27.3) (37.1) (57.7) (3.1) (16.0) (10.5) (6.3) 2.7 (5.3) (10.3) (3.8) 0.5 2.3 1.3 1.7 0.9 (0.6) 1.6 (0.9) (0.5) (1.5) (2.0) (2.8) (3) 0 0 (4.5)
Income Before Tax 48 3 12 2 8 (51) (20) (15) (21) (70) (28) (34) (22) (68) (48) 1 30 5 13 23.0 49 46.6 40.0 (83.8) (172.5) (101.7) (65.9) (72.0) (70.0) (106.1) (15.2) (13.7) (16.0) (166.8) 9.2 (21.8) (4.6) (22.0) 6.8 (156.1) (49.0) (27.5) (28.9) (38.7) (58.4) (10.9) (16.0) (10.5) (6.3) 2.9 (5.5) (10.2) (3.7) 0.5 2.3 1.3 1.7 0.9 (0.6) 1.6 (0.8) (0.5) (1.5) (2.0) (2.8) (2.9) (2.4) (3.1) (4.4)
Income Tax Expense 2 0 2 0 0 1 0 2 2 3 0 1 0 4 3 (9) 5 (1) (5) 13.3 (3) 0.6 0.4 0.7 (9.2) (0.5) (1.3) 0 (2.5) (8.4) (14.7) (10.6) 2.6 (89.6) 0.0 0 0 1.5 0 0 (1.4) (1.8) (2.9) 0 0 8.1 13.2 0 0 0.2 (4.3) 0 0 (4.1) 0 0 0 0 0 (0.0) 0 0 (0.0) 0 (0.0) 0 0 0 0
Net Income 46 3 10 2 8 (52) (20) (17) (23) (73) (28) (35) (22) (72) (53) 8 16 (261) (329) 9.6 52 46.0 39.6 (84.4) (163.3) (101.2) (64.6) (72.0) (67.5) (97.7) (0.5) (3.1) (18.6) (77.2) 9.2 (21.8) (4.6) (23.5) 6.8 (156.1) (47.6) (25.7) (26.0) (38.7) (58.4) (10.9) (16.0) (10.5) (6.3) 2.7 (1.2) (10.2) (3.7) 0.5 2.3 1.3 1.7 0.9 (0.6) 1.6 (0.8) (0.5) (1.5) (2.0) (2.8) (2.9) (2.4) (3.1) (4.4)
Per Share Data
EPS (Basic) 0.20 0.01 0.04 0.01 0.03 -0.22 -0.09 -0.07 -0.10 -0.31 -0.12 -0.15 -0.09 -0.30 -0.21 0.03 0.06 -1.04 -1.29 0.04 0.21 0.20 0.17 -0.38 -0.78 -0.49 -0.31 -0.35 -0.33 -0.48 -0.00 -0.02 -0.10 -0.41 0.05 -0.12 -0.03 -0.13 0.04 -0.87 -0.27 -0.15 -0.15 -0.22 -0.40 -0.09 -0.13 -0.09 -0.05 0.02 -0.01 -0.10 -0.04 0.01 0.03 0.02 0.02 0.01 -0.01 0.04 -0.02 -0.01 -0.04 -0.05 -0.07 -0.11 -0.09 -0.12 -0.16
EPS (Diluted) 0.19 0.01 0.04 0.01 0.03 -0.22 -0.09 -0.07 -0.10 -0.31 -0.12 -0.15 -0.09 -0.30 -0.21 0.03 0.06 -1.03 -1.24 0.04 0.20 0.18 0.16 -0.38 -0.78 -0.49 -0.31 -0.35 -0.33 -0.48 -0.00 -0.02 -0.10 -0.41 0.05 -0.12 -0.03 -0.13 0.04 -0.87 -0.27 -0.14 -0.15 -0.22 -0.40 -0.09 -0.13 -0.09 -0.05 0.02 -0.01 -0.10 -0.04 0.01 0.02 0.01 0.02 0.01 -0.01 0.02 -0.01 -0.01 -0.02 -0.03 -0.04 -0.11 -0.09 -0.12 -0.16
Shares Outstanding 235.7 242.1 242.3 241.1 242.3 236.3 232.5 233.5 234.7 233.0 233.3 233.6 234.4 236.2 240.1 243.9 248.5 251.4 254.1 248.2 243.2 235.3 229.7 219.5 209.3 207.3 207.0 205.8 204.5 203.6 202.4 194.2 191.5 188.1 187.7 185.4 183.2 181.9 180.6 179.5 178.7 177.3 173.7 176.1 147.4 121.8 120.9 119.4 118.0 117.2 110.0 103.7 101.3 100.2 90.1 86.8 85.0 85.0 72.1 41.8 40.0 39.7 38.4 38.0 41.8 26.9 26.9 26.9 26.9
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
Current Assets
Cash & Cash Equivalents 678 773 874 587 914 1,082 1,072 1,183 1,442 1,495 1,846 1,566 1,394 1,466 1,973 2,181 2,594 2,315 2,195.4 3,713.2 3,401.8 1,703.1 1,904.8 2,045.5 1,567.7 1,141.3 1,791.9 766.7 736.5 651.1 643.8 431.0 397.4 352.1 319.9 276.5 261.5 243.6 190.8 155.2 232.4
Short-Term Investments 105 527 515 571 689 776 1,101 1,447 1,478 1,318 1,421 1,745 1,975 1,896 1,516 1,362 1,032 514 1,020.1 880.9 1,294.1 2,218.1 1,885.4 1,491.2 993.3 1,281.0 531.7 673.0 781.0 903.9 999.2 468.5 425.6 410.4 361.0 322.5 297.5 262.9 253.8 264.9 281.2
Net Receivables 180 176 157 151 115 104 117 115 100 96 97 90 75 72 78 74 99 77 161.1 101.9 82.5 69.9 79.6 66.9 71.8 67.0 77.7 82.3 70.6 66.1 66.3 64.1 54.6 54.4 54.0 47.7 41.9 40.5 39.9 35.5 32.3
Inventory 0 0 0 0 0 0 0 (4) (5) (3) 99 0 0 0 0 23 494 3,912.7 3,758.2 1,169.6 472.4 491.3 193.3 135.4 534.0 836.6 879.4 552.8 325.2 162.8 43.3 5.7 0 0 0 0 0 0 0 0 0
Other Current Assets 696 651 573 512 436 372 379 388 307 243 248 230 202 169 51 63 185 707.8 552.4 312.5 395.0 406.6 169.4 108.6 93.3 126.2 111.8 82.5 57.1 47.8 3.2 38.2 44.7 24.6 30.0 40.0 29.6 34.8 17.2 0 21.0
Total Current Assets 1,659 2,122 2,119 1,821 2,154 2,334 2,669 3,129 3,322 3,149 3,612 3,631 3,646 3,603 3,771 3,844 4,790 7,680 7,830.9 6,285.7 5,753.6 4,964.9 4,306.1 3,903.9 3,317.7 3,510.2 3,458.8 2,219.4 2,039.6 1,892.7 1,794.7 1,007.5 922.2 841.5 764.9 686.6 630.5 581.8 501.8 471.4 566.9
Non-Current Assets
Property, Plant & Equipment 411 406 93.4 99 421 419 417 419 409 401 427 417 404 397 388 379 374 345 361.3 365.0 370.8 384.1 392.0 395.2 393.7 382.6 372.8 356.0 244.2 135.2 124.3 118.2 114.8 112.3 110.7 103.0 94.9 98.3 94.0 98.8 92.8
Goodwill 2,823 2,823 2,823 2,823 2,823 2,823 2,818 2,818 2,817 2,817 2,416 2,374 2,374 2,374 2,374 2,374 2,374 2,374 2,374.8 1,984.9 1,984.9 1,984.9 1,984.9 1,984.9 1,984.9 1,984.9 1,984.9 1,984.9 1,984.9 1,984.9 1,931.1 1,931.1 1,931.1 1,931.1 1,931.3 1,927.5 1,927.5 1,923.5 1,923.5 1,919.8 1,919.8
Intangible Assets 272 279 608.6 621 297 207 211 530 525 241 162 153 154 154 149 153 165 176 195.0 81.4 87.7 94.8 100.6 107.0 112.3 190.6 197.5 202.8 207.9 215.9 290.9 299.2 307.9 319.7 505.7 514.5 525.8 527.5 537.2 540.0 549.3
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 5 0 0 0 0 24.9 0 0 0 0 0 0 0 10 10 10 10 10 10 10 0 20 20 10 10 0 0 0
Other Non-Current Assets 61 55 54 52 51 46 44 (268) (250) 44 62 43 36 35 36 33 117 120 75.6 58.4 58.9 57.9 59.9 58.8 63.2 63.7 61.9 62.8 62.9 62.4 61.5 70.1 68.1 25.9 28.1 28.5 18.5 18.6 8.0 7.2 6.4
Total Non-Current Assets 3,567 3,563 3,579 3,595 3,592 3,495 3,490 3,499 3,501 3,503 3,044 2,987 2,968 2,960 2,947 2,939 3,030 3,015 3,006.7 2,489.7 2,502.3 2,521.7 2,537.4 2,545.9 2,554.1 2,621.8 2,617.2 2,606.5 2,500.0 2,398.4 2,407.7 2,418.7 2,421.9 2,389.0 2,575.8 2,573.5 2,566.6 2,567.9 2,562.7 2,565.7 2,568.3
Total Assets 5,226 5,685 5,698 5,416 5,746 5,829 6,159 6,628 6,823 6,652 6,656 6,618 6,614 6,563 6,718 6,783 7,820 10,695 10,837.6 8,775.4 8,255.9 7,486.6 6,843.6 6,449.8 5,871.7 6,132.0 6,076.0 4,825.9 4,539.6 4,291.1 4,202.5 3,426.2 3,344.1 3,230.5 3,340.7 3,260.1 3,197.1 3,149.7 3,064.5 3,037.1 3,135.3
Current Liabilities
Account Payables 68 36 38 56 35 30 53 39 34 28 28 21 21 20 19 16 24 11 30.9 15.6 17.0 19.0 19.4 14.3 17.8 8.3 9.7 8.0 7.7 7.5 5.8 5.9 5.2 3.6 4.9 2.0 4.2 4.3 6.7 17.1 5.0
Short-Term Debt 349 378 272 230 592 577 566 1,207 731 700 698 66 42 37 45 55 878 113 2,674.3 1,317.9 662.2 670.2 240.0 196.7 476.3 731.6 728.4 439.9 274.0 149.7 24.7 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 74 69 69 70 70 62 57 59 58 52 48 49 49 44 50 52 56 51 54.2 53.5 54.2 49.0 49.2 44.5 35.3 39.7 42.0 37.1 36.1 35.8 38.5 38.5 37.7 34.3 33.0 32.7 32.3 30.5 28.2 26.9 26.0
Other Current Liabilities 233 134 59 57 52 90 114 111 104 107 87 50 45 90 112 92 119 3,594 261.5 175.9 121.7 88.4 35.5 34.5 32.8 37.8 76.1 32.0 63.2 64.8 61.1 58.0 57.5 63.8 57.5 45.0 45.2 39.8 36.0 24.3 20.2
Total Current Liabilities 724 679 584 546 875 831 854 1,478 1,001 971 941 333 287 270 312 304 1,202 3,882 3,110.3 1,646.5 933.4 908.6 466.2 387.4 671.5 920.5 907.6 604.3 430.9 287.5 153.2 123.2 120.7 118.4 118.8 102.5 106.8 97.2 94.3 116.8 97.6
Non-Current Liabilities
Long-Term Debt 0 79 82 0 0 0 497 497 1,001 1,000 1,057 1,663 1,661 1,799 1,800 1,657 1,656 1,319 1,940.7 1,276.5 1,597.2 1,613.5 1,838.0 1,810.3 1,565.9 1,543.4 1,702.7 716.8 810.3 699.0 690.3 394.4 389.6 385.4 380.8 376.3 371.8 367.4 230 230 230
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21.5 14.2 2.4 12.2 13.8 0 15.3 17.5 21.9 36.6 47.2 44.6 134.4 134.1 134.1 136.1 134.5 132.5 132.5
Other Non-Current Liabilities 14 (36) (42) 38 37 67 66 63 64 60 10 10 13 (127) (130) 5 4 5 (158.7) 14.4 14.5 14.9 0 0 0 0 (224.0) 15.1 (102.4) 0 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 94 122 122 124 117 150 649 649 1,157 1,155 1,186 1,799 1,807 1,811 1,811 1,812 1,816 1,472 1,956.4 1,484.8 1,812.5 1,836.1 2,074.1 2,039.3 1,784.5 1,776.0 1,716.5 943.5 825.5 736.4 730.2 449.2 455.0 451.3 533.0 527.1 521.3 518.8 378.5 377.5 376.2
Total Liabilities 818 801 706 670 992 981 1,503 2,127 2,158 2,126 2,127 2,132 2,094 2,081 2,123 2,116 3,018 5,354 5,066.7 3,131.3 2,745.9 2,744.7 2,540.2 2,426.7 2,456.0 2,696.6 2,624.1 1,547.8 1,256.4 1,023.9 883.4 572.5 575.7 569.7 651.7 629.6 628.1 616.1 472.8 494.3 473.8
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
Retained Earnings (1,813) (1,859) (1,862) (1,872) (1,874) (1,882) (1,830) (1,810) (1,793) (1,770) (1,697) (1,669) (1,634) (1,612) (1,540) (1,487) (1,495) (1,667) (1,405.8) (1,077.7) (1,087.3) (1,139.3) (1,185.3) (1,224.9) (1,140.4) (977.1) (875.9) (811.3) (739.3) (671.8) (574.1) (573.6) (570.5) (592.2) (515.1) (524.3) (502.4) (497.0) (473.6) (480.4) (324.2)
Accumulated Other Comprehensive Income 0 2 2 1 0 (3) 4 (11) (11) (5) (21) (19) (3) (15) (19) (13) (1) 7 0.2 0.3 0.5 0.2 0.5 1.5 4.3 0.3 0.8 0.9 0.2 (0.9) (1.7) (1.3) (1.5) (1.1) (0.3) (0.4) (0.3) (0.2) 0.2 0.4 0.2
Total Stockholders' Equity 4,408 4,884 4,992 4,746 4,754 4,848 4,656 4,501 4,665 4,526 4,529 4,486 4,520 4,482 4,595 4,667 4,802 5,341 5,771.0 5,644.1 5,510.0 4,741.8 4,303.4 4,023.1 3,415.8 3,435.4 3,451.9 3,278.1 3,283.1 3,267.2 3,319.0 2,853.7 2,768.4 2,660.8 2,689.0 2,630.5 2,569.0 2,533.6 2,591.7 2,542.8 2,661.5
Total Liabilities & Equity 5,226 5,685 5,698 5,416 5,746 5,829 6,159 6,628 6,823 6,652 6,656 6,618 6,614 6,563 6,718 6,783 7,820 10,695 10,837.6 8,775.4 8,255.9 7,486.6 6,843.6 6,449.8 5,871.7 6,132.0 6,076.0 4,825.9 4,539.6 4,291.1 4,202.5 3,426.2 3,344.1 3,230.5 3,340.7 3,260.1 3,197.1 3,149.7 3,064.5 3,037.1 3,135.3
Debt Metrics
Total Debt 429 536 449 328 687 660 1,164 1,809 1,851 1,832 1,902 1,884 1,865 2,006 2,016 1,890 2,713 1,604 4,818.9 2,816.3 2,488.6 2,519.8 2,320.8 2,244.6 2,278.6 2,513.0 2,449.0 1,387.1 1,103.8 848.7 715.0 394.4 389.6 385.4 380.8 376.3 371.8 367.4 230 230 230
Net Debt (249) (237) (425) (259) (227) (422) 92 626 409 337 56 318 471 540 43 (291) 119 (711) 2,623.5 (896.9) (913.2) 816.6 416.0 199.1 710.9 1,371.8 657.1 620.4 367.3 197.7 71.2 (36.6) (7.8) 33.3 60.9 99.8 110.2 123.8 39.2 74.8 (2.4)
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 46 3 10 2 8 (52) (20) (17) (23) (73) (28) (35) (22) (72) (53) 8 16 (261.2) (328.2) 10 52 46.0 39.6 (84.4) (163.3) (101.2) (64.6) (72.0) (67.5) (97.7) (0.5) (3.1) (18.6) (77.2) 9.2 (21.8) (4.6) (23.5) 6.8 (156.1) (47.6)
Depreciation & Amortization 73 67 69 69 67 64 65 66 64 75 55 51 46 42 40 49 49 46.7 35.0 35 36 34.0 32.4 32.4 35.5 30.0 28.3 27.3 25.0 23.1 23.4 26.0 26.9 28.6 27.4 27.0 27.1 25.7 25.5 25.6 23.8
Stock-Based Compensation 0 95 99 99 97 119 108 113 108 109 109 130 103 110 148 102 91 80.2 79.4 88 64 52.4 49.0 52.4 43.8 47.0 42.1 43.6 66.1 37.7 41.7 38.9 30.7 29.4 28.6 29.2 26.4 25.8 27.3 28.3 25.6
Change in Working Capital 16 (107) (78) (84) (68) (11) 12 (106) (70) (30) (60) (36) (39) (11) 23 690 3,189 (286.3) (2,944.0) (570) 47 (504.8) (102.9) 365.6 285.0 50.7 (323.4) (246.2) (184.3) (139.1) (48.3) (16.8) (29.3) 4.3 16.9 (26.9) 11.6 (15.5) (26.8) 19.8 13.6
Other Non-Cash Items 63 14 5 1 0 2 6 (1) 1 247 (1) 10 5 15 7 14 47 204.8 357.2 35 45 45.7 39.1 24.0 110.2 32.0 22.4 29.5 17.7 85.7 27.9 13.9 12.3 185.7 9.9 6.1 4.5 26.6 0.0 1.3 2.2
Operating Cash Flow 198 72 105 87 104 122 171 55 80 86 75 100 93 84 165 863 3,392 (215.4) (2,803.8) (399) 241 (326.0) 57.5 390.6 302.0 58.1 (296.5) (228.3) (145.5) (98.7) 29.5 48.4 24.7 81.3 92.0 17.9 67.0 39.1 30.1 (79.4) 18.9
Investing Activities
Capital Expenditure (34) (21) (32) (44) (36) (41) (40) (44) (46) (40) (41) (44) (40) (36) (33) (33) (38) (34.6) (35.2) (19) (16) (18.9) (23.6) (28.6) (37.5) (26.4) (21.7) (21.1) (17.5) (25.9) (16.7) (19.1) (16.9) (17.7) (22.6) (18.9) (19.5) (18.2) (16.8) (19.8) (16.9)
Acquisitions 0 0 0 0 0 (7) 0 0 0 (399) 0 9 0 (4) 162 0 0 (0.6) 13.9 0 0 0 0 6.9 4.5 0 6.2 5.7 3.3 (53.1) (2) 3.7 1.1 (0.4) (5.1) 1.5 (5.4) (3.2) (0.8) 1.6 (12.4)
Purchases of Investments (64) (84) (18) (49) (60) (38) (77) (294) (297) (26) 0 (148) (490) (717) (451) (498) (525) (7.3) (509.0) 0 0 (1,416.1) (854.8) (957.8) (58.5) (1,015.5) (177.1) (126.5) (176.4) (52.9) (618.6) (153.5) (76.7) (103.8) (109.6) (119.6) (84.0) (58.2) (43.0) (45.2) (38.8)
Sales/Maturities of Investments 484 73 77 170 152 360 445 335 139 151 330 373 433 347 295 160 0 510.3 366.5 410 920 1,080.4 459.0 467.4 350.3 266.9 319.8 237.1 302.2 151.1 89.1 111.2 61.4 54.7 71.1 84.3 49.1 38.6 53.6 61.3 48.9
Other Investing Activities 0 (11) (8) (7) (108) (7) (7) 0 0 0 (40) (9) (9) (8) (162) (6) (5) (6.8) (510.6) (6) (4) (6.4) (5.8) (6.9) (4.5) (4.5) (6.2) (5.7) (3.3) 93.9 (532.9) (3.7) (1.1) (51.6) (41.1) (1.5) (39.6) 3.2 11.3 (1.6) 2.0
Investing Cash Flow 376 (50) 19 77 (52) 274 328 (3) (204) (314) 255 181 (97) (410) (189) (371) (563) 467.7 (674.4) 391 904 (354.5) (419.3) (519.0) 254.3 (775.0) 121.1 89.5 108.3 19.2 (548.1) (61.5) (32.2) (67.1) (66.3) (54.2) (59.8) (37.8) (7.1) (3.7) (17.2)
Financing Activities
Net Debt Issuance (29) 92 42 (362) 28 (502) (642) (30) 30 (54) 25 24 5 (9) (10) (752) (2,669) 333 2,128.6 325 (8) 437.7 45.4 79.0 (255.3) 65.5 1,374.2 165.8 124.3 92.5 388.7 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (626) (232) (38) (150) (250) 0 0 (292) (9) (88) (100) (150) (86) (174) (176) (249) (348) (302) 0 0 0 0 0 0 0 0 (0.0) 0 0 (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.2) (0.1) (0.2) (0.2) (0.1)
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 (27) 0 38 22 3 0 0 0 50 0 26 17 13 2 2 6 36 0 (0.5) 15 61 (0.0) (0.0) 92.8 92.2 15.3 (142.5) 19.4 13.6 3.4 345.9 46.7 52.9 18.0 17.7 51.2 10.8 51.6 12.5 5.9 1.6
Financing Cash Flow (664) (128) 163 (490) (219) (386) (607) (311) 71 (126) (49) (109) (68) (181) (184) (995) (2,981) 60 2,150.5 340 598 510.5 231.6 583.3 (163.1) 80.8 1,231.7 185.3 137.9 96.0 734.6 46.7 52.9 18.0 17.7 51.2 10.8 51.6 12.5 5.9 1.6
Cash Position
Net Change in Cash (90) (106) 287 (326) (167) 10 (108) (259) (53) (354) 281 172 (72) (507) (208) (503) (152) 311.8 (1,327.8) 332 1,743 (170.0) (130.2) 455.0 393.2 (636.0) 1,056.3 46.5 100.7 16.4 215.9 33.7 45.3 32.2 43.5 14.9 17.9 52.8 35.5 (77.2) 3.3
Cash at Beginning 773 879 592 918 1,085 1,075 1,183 1,442 1,495 1,849 1,568 1,396 1,468 1,975 2,183 2,686 2,838 2,526.4 3,854.2 3,522 1,779 1,948.9 2,079.1 1,624.1 1,230.9 1,866.9 810.6 764.1 663.4 647.0 431.0 397.4 352.1 319.9 276.5 261.5 243.6 190.8 155.2 232.4 229.1
Cash at End 683 773 879 592 918 1,085 1,075 1,183 1,442 1,495 1,849 1,568 1,396 1,468 1,975 2,183 2,686 2,838.2 2,526.4 3,854 3,522 1,778.9 1,948.9 2,079.1 1,624.1 1,230.9 1,866.9 810.6 764.1 663.4 647.0 431.0 397.4 352.1 319.9 276.5 261.5 243.6 190.8 155.2 232.4
Free Cash Flow 164 51 73 43 68 81 131 11 34 46 34 56 53 48 132 830 3,354 (250.0) (2,839.0) (418) 225 (344.8) 34.0 362.0 264.5 31.7 (318.1) (249.4) (163.0) (124.6) 12.8 29.3 7.8 63.6 69.5 (1.0) 47.5 20.9 13.2 (99.2) 2.0
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
Income Statement
Revenue 708 654 676 655 598 554 581 572 529 474 496 506 469 435 483 504 536 535 550 1,310.0 1,218 789.0 656.7 768.4 1,125.8 943.9 745.2 599.6 454.1 365.3 343.1 325.2 299.9 282.3 281.8 266.9 245.8 227.6 224.6 208.4 186.0 169.4 176.8 171.3 127.3 92.3 88.6 78.7 66.2 58.3 53.3 46.9 39.0 34.3 31.9 27.8 22.8 19.9 19.1 15.8 11.3 9.6 8.2 7.3 5.3 4.7 5.5 4.5 2.7
Gross Profit 519 476 491 489 459 420 441 442 406 359 386 402 377 346 394 407 444 440 468 516.6 507 471.5 412.9 307.3 364.1 334.3 345.4 328.4 302.8 297.9 306.4 299.7 276.0 259.8 259.7 246.6 225.5 207.9 206.3 191.2 169.5 154.3 160.3 154.2 114.3 83.5 81.0 71.9 60.1 53.1 48.2 42.6 34.8 30.5 28.3 24.5 19.5 16.9 16.0 13.1 9.4 8.2 7.0 6.1 4.2 3.7 4.5 3.5 1.8
Operating Income 36 (11) (3) (11) (9) (69) (45) (38) (45) (105) (53) (67) (45) (73) (51) 5 408 32 50 65.4 88 89.4 76.4 (62.7) (144.5) (73.8) (48.4) (62.5) (62.7) (97.7) (10.3) (9.6) (11.4) (161.2) 14.7 (16.6) 1.2 2.7 7.8 (155.3) (48.1) (26.3) (27.7) (37.6) (57.9) (11.2) (16.2) (10.8) (6.5) 2.7 (5.5) (10.3) (3.8) 0.5 2.3 1.3 1.7 0.9 (0.6) 1.6 (0.9) (0.5) (1.5) (2.0) (2.8) (3) (2.4) (3.1) (4.5)
Net Income 46 3 10 2 8 (52) (20) (17) (23) (73) (28) (35) (22) (72) (53) 8 16 (261) (329) 9.6 52 46.0 39.6 (84.4) (163.3) (101.2) (64.6) (72.0) (67.5) (97.7) (0.5) (3.1) (18.6) (77.2) 9.2 (21.8) (4.6) (23.5) 6.8 (156.1) (47.6) (25.7) (26.0) (38.7) (58.4) (10.9) (16.0) (10.5) (6.3) 2.7 (1.2) (10.2) (3.7) 0.5 2.3 1.3 1.7 0.9 (0.6) 1.6 (0.8) (0.5) (1.5) (2.0) (2.8) (2.9) (2.4) (3.1) (4.4)
EPS (Diluted) 0.19 0.01 0.04 0.01 0.03 -0.22 -0.09 -0.07 -0.10 -0.31 -0.12 -0.15 -0.09 -0.30 -0.21 0.03 0.06 -1.03 -1.24 0.04 0.20 0.18 0.16 -0.38 -0.78 -0.49 -0.31 -0.35 -0.33 -0.48 -0.00 -0.02 -0.10 -0.41 0.05 -0.12 -0.03 -0.13 0.04 -0.87 -0.27 -0.14 -0.15 -0.22 -0.40 -0.09 -0.13 -0.09 -0.05 0.02 -0.01 -0.10 -0.04 0.01 0.02 0.01 0.02 0.01 -0.01 0.02 -0.01 -0.01 -0.02 -0.03 -0.04 -0.11 -0.09 -0.12 -0.16
Balance Sheet
Cash & Equivalents 678 773 874 587 914 1,082 1,072 1,183 1,442 1,495 1,846 1,566 1,394 1,466 1,973 2,181 2,594 2,315 2,195.4 3,713.2 3,401.8 1,703.1 1,904.8 2,045.5 1,567.7 1,141.3 1,791.9 766.7 736.5 651.1 643.8 431.0 397.4 352.1 319.9 276.5 261.5 243.6 190.8 155.2 232.4
Total Assets 5,226 5,685 5,698 5,416 5,746 5,829 6,159 6,628 6,823 6,652 6,656 6,618 6,614 6,563 6,718 6,783 7,820 10,695 10,837.6 8,775.4 8,255.9 7,486.6 6,843.6 6,449.8 5,871.7 6,132.0 6,076.0 4,825.9 4,539.6 4,291.1 4,202.5 3,426.2 3,344.1 3,230.5 3,340.7 3,260.1 3,197.1 3,149.7 3,064.5 3,037.1 3,135.3
Total Debt 429 536 449 328 687 660 1,164 1,809 1,851 1,832 1,902 1,884 1,865 2,006 2,016 1,890 2,713 1,604 4,818.9 2,816.3 2,488.6 2,519.8 2,320.8 2,244.6 2,278.6 2,513.0 2,449.0 1,387.1 1,103.8 848.7 715.0 394.4 389.6 385.4 380.8 376.3 371.8 367.4 230 230 230
Stockholders' Equity 4,408 4,884 4,992 4,746 4,754 4,848 4,656 4,501 4,665 4,526 4,529 4,486 4,520 4,482 4,595 4,667 4,802 5,341 5,771.0 5,644.1 5,510.0 4,741.8 4,303.4 4,023.1 3,415.8 3,435.4 3,451.9 3,278.1 3,283.1 3,267.2 3,319.0 2,853.7 2,768.4 2,660.8 2,689.0 2,630.5 2,569.0 2,533.6 2,591.7 2,542.8 2,661.5
Cash Flow
Operating Cash Flow 198 72 105 87 104 122 171 55 80 86 75 100 93 84 165 863 3,392 (215.4) (2,803.8) (399) 241 (326.0) 57.5 390.6 302.0 58.1 (296.5) (228.3) (145.5) (98.7) 29.5 48.4 24.7 81.3 92.0 17.9 67.0 39.1 30.1 (79.4) 18.9
Capital Expenditure (34) (21) (32) (44) (36) (41) (40) (44) (46) (40) (41) (44) (40) (36) (33) (33) (38) (34.6) (35.2) (19) (16) (18.9) (23.6) (28.6) (37.5) (26.4) (21.7) (21.1) (17.5) (25.9) (16.7) (19.1) (16.9) (17.7) (22.6) (18.9) (19.5) (18.2) (16.8) (19.8) (16.9)
Free Cash Flow 164 51 73 43 68 81 131 11 34 46 34 56 53 48 132 830 3,354 (250.0) (2,839.0) (418) 225 (344.8) 34.0 362.0 264.5 31.7 (318.1) (249.4) (163.0) (124.6) 12.8 29.3 7.8 63.6 69.5 (1.0) 47.5 20.9 13.2 (99.2) 2.0