Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q1 27 | $6.2 | $8.17 | +31.8% | — | — | — |
| Q4 26 | $4.64 | $5.54 | +19.4% | — | — | — |
| Q3 26 | $4.71 | $5.16 | +9.6% | — | — | — |
| Q2 26 | $4.52 | $4.95 | +9.5% | — | — | — |
| Q1 26 | $4.9 | $4.72 | -3.7% | — | — | — |
| Q4 25 | $4.34 | $4.25 | -2.1% | — | — | — |
| Q3 25 | $5.03 | $5.14 | +2.2% | — | — | — |
| Q2 25 | $5.35 | $5.17 | -3.4% | — | — | — |
| Q1 25 | $5.54 | $5.99 | +8.1% | — | — | — |
| Q4 24 | $5.13 | $5.6 | +9.2% | — | — | — |
| Q3 24 | $4.75 | $5.23 | +10.1% | — | — | — |
| Q2 24 | $4.79 | $5.52 | +15.2% | — | — | — |
| Q1 24 | $4.58 | $5.55 | +21.2% | — | — | — |
| Q4 23 | $3.79 | $4.91 | +29.6% | — | — | — |
| Q3 23 | $4.03 | $3.86 | -4.2% | — | — | — |
| Q2 23 | $3.17 | $3.95 | +24.6% | — | — | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | $18.9 | — | — | $67.6B | — |
| FY24 | — | $22.2 | — | — | $64.8B | — |
| FY23 | — | $20.2 | — | — | $67.1B | — |
| FY22 | — | $12.7 | — | — | $59.4B |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.5B | $45.5B | $54.7B | $53.8B | $41.7B | $51B | $59.4B | $67.1B | $64.8B | $67.6B |
| YoY change | -18% | +18% | +20.4% | -1.68% | -22.4% | +22.1% | +16.6% | +12.8% | -3.36% | +4.29% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.5B | 45.5B | 54.7B | 53.8B | 41.7B | 51B | 59.4B | 67.1B | 64.8B | 67.6B |
| Cost of revenue | 28.6B | 31.9B | 37.7B | 37.4B | 29.7B | 36B | 41.9B | 43.8B | 41.5B | 46.1B |
| Gross profit | 9.9B | 13.6B | 17B | 16.4B | 12.1B | 15B | 17.5B | 23.3B | 23.3B | 21.5B |
| Gross margin | 25.7% | 29.8% | 31.1% | 30.5% | 28.9% | 29.4% | 29.5% | 34.7% | 36% | 31.8% |
| Research & development | 1.9B | 1.8B | 1.9B | 1.7B | 1.4B | 1.7B | 1.8B | 2.1B | 2.1B | 2.1B |
| Selling, general & administrative | 4.4B | 5B | 5.5B | 5.2B | 4.6B | 5.4B | 5.7B | 6.4B | 6.7B | 7B |
| Operating expenses | 8.1B | 9.1B | 8.7B | 8.1B | 7.5B | 8.1B | 8.7B | 10.3B | 10.3B | 10.3B |
| Operating income | 1.8B | 4.5B | 8.3B | 8.3B | 4.6B | 6.9B | 8.8B | 13B | 13.1B | 11.2B |
| Operating margin | 4.56% | 9.81% | 15.2% | 15.4% | 10.9% | 13.5% | 14.9% | 19.3% | 20.2% | 16.5% |
| Non-operating income, net | -1.2B | 31M | -262M | -259M | -156M | 1.7B | 199M | 101M | 813M | 892M |
| Pretax income | 139M | 4.1B | 7.8B | 7.8B | 4B | 8.2B | 8.8B | 13.1B | 13.4B | 11.5B |
| Income tax | 192M | 3.3B | 1.7B | 1.7B | 1B | 1.7B | 2.1B | 2.8B | 2.6B | 2.8B |
| Net income | -59M | 759M | 6.1B | 6.1B | 3B | 6.5B | 6.7B | 10.3B | 10.8B | 8.9B |
| Net margin | -0.15% | 1.67% | 11.2% | 11.3% | 7.19% | 12.7% | 11.3% | 15.4% | 16.6% | 13.1% |
| EBITDA | 4.3B | 7.5B | 11.2B | 10.8B | 7.1B | 10.8B | 12.3B | 15.8B | 15.4B | 14B |
| EPS | -0.11 | 1.27 | 10.4 | 10.8 | 5.51 | 11.9 | 12.7 | 20.2 | 22.2 | 18.9 |
| Diluted EPS | -0.11 | 1.26 | 10.3 | 10.7 | 5.46 | 11.8 | 12.6 | 20.1 | 22.1 | 18.8 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.8B | 17.1B | 15.8B | 16.7B | 16.1B | 16.2B | 14.2B | 16.6B | 17.6B | 19.1B | 17.4B | 20.5B |
| Cost of revenue | 10.9B | 11.3B | 10B | 10.5B | 10.4B | 10.7B | 9.3B | 11.1B | 12B | 13.7B | 11.7B | 13.1B |
| Gross profit | 5.9B | 5.8B | 5.8B | 6.2B | 5.7B | 5.6B | 5B | 5.4B | 5.6B | 5.5B | 5.8B | 7.4B |
| Gross margin | 35.4% | 33.8% | 37% | 37.3% | 35.4% | 34.3% | 34.8% | 32.7% | 31.9% | 28.6% | 33.1% | 36% |
| Research & development | 554M | 554M | 520M | 535M | 533M | 519M | 480M | 551M | 555M | 562M | 537M | 616M |
| Selling, general & administrative | 1.6B | 1.8B | 1.6B | 1.7B | 1.7B | 1.8B | 1.6B | 1.7B | 1.8B | 1.9B | 1.8B | 2B |
| Operating expenses | 2.5B | 2.6B | 2.3B | 2.7B | 2.6B | 2.6B | 2.4B | 2.6B | 2.6B | 2.8B | 2.7B | 3.1B |
| Operating income | 3.4B | 3.1B | 3.5B | 3.5B | 3.1B | 2.9B | 2.6B | 2.9B | 3.1B | 2.7B | 3.1B | 4.3B |
| Operating margin | 20.5% | 18.4% | 22.3% | 20.9% | 19.5% | 18% | 18.1% | 17.3% | 17.3% | 13.9% | 17.7% | 20.9% |
| Non-operating income, net | 60M | 71M | 20M | 155M | 76M | 426M | 107M | 84M | 208M | 493M | 260M | 398M |
| Pretax income | 3.5B | 3.2B | 3.5B | 3.5B | 3.1B | 3.2B | 2.6B | 2.8B | 3.1B | 3B | 3.2B | 4.6B |
| Income tax | 734M | 587M | 688M | 836M | 642M | 463M | 574M | 646M | 836M | 712M | 670M | 1.1B |
| Net income | 2.8B | 2.7B | 2.9B | 2.7B | 2.5B | 2.8B | 2B | 2.2B | 2.3B | 2.4B | 2.5B | 3.6B |
| Net margin | 16.6% | 15.7% | 18.1% | 16.1% | 15.3% | 17.2% | 14.1% | 13.2% | 13% | 12.5% | 14.6% | 17.5% |
| EBITDA | 4.1B | 4B | 4.1B | 4B | 3.8B | 3.6B | 3.1B | 3.5B | 3.7B | 3.6B | 3.8B | 5.1B |
| EPS | 5.48 | 5.31 | 5.78 | 5.5 | 5.09 | 5.81 | 4.22 | 4.64 | 4.91 | 5.15 | 5.5 | 7.8 |
| Diluted EPS | 5.45 | 5.28 | 5.75 | 5.48 | 5.06 | 5.78 | 4.2 | 4.62 | 4.88 | 5.12 | 5.47 | 7.77 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | 54.2B | 93.3B | 75.1B | 82.9B | 99B | 112.5B | 126.2B | 151B | 176.6B | 269.2B | 376.9B |
| Enterprise value | 91B | 128.1B | 111.7B | 120.6B | 126.8B | 141B | 156.2B | 181.9B | 208.1B | 302.6B | 416.9B |
| Shares outstanding | 584.3M | 591.8M | 591.4M | 561.6M | 544.1M | 544M | 526.9M | 510.6M | 486.7M | 470M | 470M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | 122.9 | 12.2 | 13.6 | 33 | 17.3 | 18.8 | 14.6 | 16.4 | 30.3 | 35.3 |
| P/S | 1.41 | 2.05 | 1.37 | 1.54 | 2.37 | 2.21 | 2.12 | 2.25 | 2.72 | 3.98 | 5.05 |
| P/B | 4.1 | 6.77 | 5.34 | 5.67 | 6.44 | 6.81 | 7.94 | 7.74 | 9.06 | 12.6 | 19.5 |
| EV/EBITDA | 21.2 | 17 | 9.95 | 11.2 | 17.9 | 13.1 | 12.7 | 11.5 | 13.5 | 21.6 | 25.7 |
| EV/Sales | 2.36 | 2.82 | 2.04 | 2.24 | 3.04 | 2.77 | 2.63 | 2.71 | 3.21 | 4.48 | 5.58 |
| Earnings yield | — | 0.81% | 8.18% | 7.35% | 3.03% | 5.77% | 5.31% | 6.84% | 6.11% | 3.3% | 2.83% |
| FCF yield | 5% | 3.61% | 4.85% | 5.12% | 4.25% | 4.2% | 4.09% | 6.49% | 5% | 2.77% | 1.34% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.52 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 25.7% | 29.8% | 31.1% | 30.5% | 28.9% | 29.4% | 29.5% | 34.7% | 36% | 31.8% | 36% |
| Operating margin | 4.56% | 9.81% | 15.2% | 15.4% | 10.9% | 13.5% | 14.9% | 19.3% | 20.2% | 16.5% | 22.2% |
| Net margin | -0.15% | 1.67% | 11.2% | 11.3% | 7.19% | 12.7% | 11.3% | 15.4% | 16.6% | 13.1% | 14.5% |
| ROE | -0.45% | 5.51% | 43.7% | 41.7% | 19.5% | 39.3% | 42.2% | 53% | 55.3% | 41.7% | 57% |
| ROA | -0.08% | 0.99% | 7.83% | 7.77% | 3.83% | 7.84% | 8.18% | 11.8% | 12.3% | 9.01% | 9.03% |
| ROIC | 0% | 1.67% | 12.8% | 12.3% | 7.89% | 12% | 14.7% | 20.2% | 20.6% | 15.5% | 17.3% |
| Return on tangible assets | -0.1% | 1.26% | 9.87% | 9.68% | 4.77% | 9.54% | 9.6% | 13.6% | 14.1% | 10.2% | 12% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.22 | 1.35 | 1.37 | 1.47 | 1.53 | 1.46 | 1.39 | 1.35 | 1.42 | 1.44 | 1.37 |
| Quick ratio | 0.89 | 0.97 | 0.96 | 1.05 | 1.09 | 0.99 | 0.87 | 0.87 | 0.89 | 0.94 | 0.85 |
| Debt / equity | 2.78 | 2.53 | 2.6 | 2.57 | 2.42 | 2.29 | 2.33 | 1.94 | 1.97 | 2.03 | 2.33 |
| Debt / assets | 0.49 | 0.45 | 0.47 | 0.48 | 0.47 | 0.46 | 0.45 | 0.43 | 0.44 | 0.44 | 0.44 |
| Net debt / EBITDA | — | — | — | — | 3.92 | 2.64 | 2.44 | 1.96 | 2.04 | 2.38 | 2.36 |
| Interest coverage | 1.28 | 8.69 | 20.4 | 19.6 | 8.77 | 17.8 | 20.8 | 26.5 | 27.1 | 24 | 27.3 |
| Effective tax rate | 100% | 81.8% | 21.7% | 22.4% | 25.2% | 21.2% | 23.6% | 21.3% | 19.7% | 24% | 23.5% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 66 | 76.8 | 92.5 | 95.8 | 76.7 | 93.7 | 112.8 | 131.3 | 133.2 | 143.8 | 160.8 |
| EPS (basic) | -0.11 | 1.27 | 10.4 | 10.8 | 5.51 | 11.9 | 12.7 | 20.2 | 22.2 | 18.9 | 18.9 |
| EPS (diluted) | -0.11 | 1.26 | 10.3 | 10.7 | 5.46 | 11.8 | 12.6 | 20.1 | 22.1 | 18.8 | 23.3 |
| Book value per share | 22.6 | 23.3 | 23.8 | 26 | 28.3 | 30.4 | 30.2 | 38.2 | 40.1 | 45.4 | 42.2 |
| FCF per share | 4.64 | 5.69 | 6.16 | 7.56 | 7.74 | 8.69 | 9.81 | 19.2 | 18.1 | 15.9 | 19.4 |
| Cash per share | — | — | — | — | 17.2 | 17 | 13.3 | 13.7 | 14.2 | 21.2 | 12.9 |
| Capex per share | 1.54 | 1.97 | 1.58 | 2.05 | 1.42 | 2.33 | 1.58 | 1.53 | 1.48 | 9.12 | 9.89 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.33% | 2.56% | 1.71% | 2.14% | 1.85% | 2.48% | 1.4% | 1.16% | 1.11% | 6.34% | 6.12% |
| Capex / operating cash flow | 18.1% | 28.8% | 15.3% | 16.4% | 11.3% | 18.8% | 11.8% | 7.02% | 5.92% | 36.5% | 33.7% |
| Payout ratio | -3K% | 241.2% | 31.7% | 35% | 74.7% | 35.9% | 36.4% | 24.8% | 24.5% | 31% | 26% |
| Dividend yield | 3.32% | 1.96% | 2.6% | 2.57% | 2.26% | 2.07% | 1.93% | 1.7% | 1.5% | 1.02% | 0.8% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Jul 20, 2026 | $1.63 |
| Apr 20, 2026 | $1.51 |
| Jan 20, 2026 | $1.51 |
| — |
| FY21 | — | $11.9 | — | — | $51B | — |
| FY20 | — | $5.51 | — | — | $41.7B | — |
| FY19 | — | $10.8 | — | — | $53.8B | — |
| FY18 | — | $10.4 | — | — | $54.7B | — |
| FY17 | — | $1.27 | — | — | $45.5B | — |
| FY16 | — | -$0.11 | — | — | $38.5B | — |
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.8B | $17.1B | $15.8B | $16.7B | $16.1B | $16.2B | $14.2B | $16.6B | $17.6B | $19.1B | $17.4B | $20.5B |
| YoY change | +12.1% | +2.85% | -0.4% | -3.63% | -4.19% | -5.01% | -9.81% | -0.72% | +9.51% | +18% | +22.2% | +24% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | — | — | — | — | 9.4B | 9.3B | 7B | 7B | 6.9B | 10B |
| Receivables | 14.5B | 16.2B | 17.5B | 17.9B | 16.8B | 17.4B | 17.9B | 18.8B | 18.8B | 21.6B |
| Inventory | 8.6B | 10B | 11.5B | 11.3B | 11.4B | 14B | 16.3B | 16.6B | 16.8B | 18.1B |
| Total current assets | 32B | 36.2B | 38.6B | 39.2B | 39.5B | 43.5B | 43.8B | 46.9B | 45.7B | 52.5B |
| Property, plant & equipment | 7.9B | 6.6B | 6.6B | 6.2B | 5.3B | 5B | 5B | 5.5B | 6.1B | 7.4B |
| Goodwill & intangibles | 16.7B | 16.6B | 16.2B | 15.5B | 15.4B | 14.7B | 12.1B | 11.7B | 11.3B | 11.1B |
| Total assets | 74.7B | 77B | 78.5B | 78.5B | 78.3B | 82.8B | 81.9B | 87.5B | 87.8B | 98.6B |
| Accounts payable | 4.6B | 6.5B | 7.1B | 6B | 6.1B | 8.2B | 8.7B | 7.9B | 7.7B | 9B |
| Short-term debt | 14B | 11B | 11.6B | 11.4B | 11.2B | 11.8B | 11.3B | 13.4B | 11.1B | 12.6B |
| Total current liabilities | 26.1B | 26.9B | 28.2B | 26.6B | 25.7B | 29.8B | 31.5B | 34.7B | 32.3B | 36.6B |
| Long-term debt | 22.8B | 23.8B | 25B | 26.3B | 26B | 26B | 25.7B | 24.5B | 27.4B | 30.7B |
| Total liabilities | 61.5B | 63.2B | 64.4B | 63.8B | 62.9B | 66.3B | 66.1B | 68B | 68.3B | 77.3B |
| Shareholders' equity | 13.2B | 13.8B | 14.1B | 14.6B | 15.4B | 16.5B | 15.9B | 19.5B | 19.5B | 21.3B |
| Total debt | 36.8B | 34.9B | 36.6B | 37.7B | 37.2B | 37.8B | 37B | 37.9B | 38.4B | 43.3B |
| Net debt | — | — | — | — | 27.8B | 28.5B | 30B | 30.9B | 31.5B | 33.4B |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 6.5B | 7B | 5B | 4.3B | 5.6B | 6.9B | 3.6B | 5.4B | 7.5B | 10B | 4.1B | 6.7B |
| Receivables | 18.7B | 18.8B | 18.7B | 18.9B | 18.9B | 18.8B | 18.8B | 19.9B | 20.5B | 21.6B | 21.9B | 24B |
| Inventory | 17.6B | 16.6B | 17B | 17.1B | 17.3B | 16.8B | 17.9B | 18.6B | 19B | 18.1B | 19.6B | 20.6B |
| Total current assets | 48B | 46.9B | 43.7B | 43.1B | 44.9B | 45.7B | 43B | 46.8B | 49.8B | 52.5B | 48.6B | 54.5B |
| Property, plant & equipment | — | 5.5B | — | — | — | 6.1B | — | — | — | 7.4B | — | — |
| Goodwill & intangibles | 11.7B | 11.7B | 11.6B | 11.5B | 11.5B | 11.3B | 11.3B | 11.3B | 11.2B | 11.1B | 12.6B | 12.6B |
| Total assets | 86.8B | 87.5B | 83.7B | 83.3B | 86.3B | 87.8B | 85B | 90.3B | 93.7B | 98.6B | 95.5B | 102.6B |
| Accounts payable | 7.8B | 7.9B | 7.8B | 7.6B | 7.7B | 7.7B | 7.8B | 8.6B | 8.7B | 9B | 9.6B | 10.3B |
| Short-term debt | 12.9B | 13.4B | 13B | 13.5B | 12.1B | 11.1B | 12.8B | 12.8B | 13.8B | 12.6B | 12.4B | 13.1B |
| Total current liabilities | 33.1B | 34.7B | 32.4B | 33.6B | 32.2B | 32.3B | 32.6B | 34.9B | 36B | 36.6B | 35.9B | 39.8B |
| Long-term debt | 24.3B | 24.5B | 24.8B | 23.8B | 25.8B | 27.4B | 25.8B | 27.9B | 27.7B | 30.7B | 30.6B | 32B |
| Total liabilities | 66.3B | 68B | 66.1B | 66.2B | 66.9B | 68.3B | 66.9B | 71.7B | 73.1B | 77.3B | 76.9B | 83.2B |
| Shareholders' equity | 20.5B | 19.5B | 17.6B | 17.1B | 19.4B | 19.5B | 18.1B | 18.7B | 20.7B | 21.3B | 18.7B | 19.4B |
| Total debt | 37.1B | 37.9B | 37.9B | 37.3B | 37.9B | 38.4B | 38.6B | 40.7B | 41.5B | 43.3B | 43.1B | 45.1B |
| Net debt | 30.6B | 30.9B | 32.9B | 33B | 32.3B | 31.5B | 35B | 35.3B | 34B | 33.4B | 39B | 38.4B |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -59M | 759M | 6.1B | 6.1B | 3B | 6.5B | 6.7B | 10.3B | 10.8B | 8.9B |
| Depreciation & amortization | 3B | 2.9B | 2.8B | 2.6B | 2.4B | 2.4B | 2.2B | 2.1B | 2.2B | 2.3B |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — |
| Change in working capital | 1.6B | -1.6B | -4B | -2.3B | 493M | -1.9B | -2.2B | -1.1B | -687M | -973M |
| Operating cash flow | 5B | 4B | 6.1B | 7B | 6.9B | 6.7B | 7B | 11.1B | 12.2B | 11.7B |
| Capital expenditure | 899M | 1.2B | 936M | 1.2B | 772M | 1.3B | 830M | 781M | 722M | -4.3B |
| Investing cash flow | 1.1B | 1.4B | -296M | 741M | 630M | -612M | 58M | -2.8B | 762M | -5.4B |
| Dividends paid | -1.8B | -1.8B | -2B | -2.1B | -2.2B | -2.3B | -2.4B | -2.6B | -2.6B | -2.7B |
| Share repurchases | -23M | 0 | -3.8B | -4B | -1.1B | -2.7B | -4.2B | -5B | -7.7B | -5.2B |
| Financing cash flow | -3.1B | -3.7B | -3.6B | -4.5B | -3.8B | -4.2B | -7.3B | -6.9B | -9.6B | -3.9B |
| Net change in cash | 3B | 1.8B | 2.2B | 3.2B | 3.7B | 1.9B | -183M | 1.4B | 3.4B | 2.4B |
| Free cash flow | 2.7B | 3.4B | 3.6B | 4.2B | 4.2B | 4.7B | 5.2B | 9.8B | 8.8B | 7.5B |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 2.8B | 2.7B | 2.9B | 2.7B | 2.5B | 2.8B | 2B | 2.2B | 2.3B | 2.4B | 2.5B | 3.6B |
| Depreciation & amortization | 525M | 545M | 524M | 531M | 543M | 555M | 540M | 554M | 570M | 598M | 595M | 616M |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | — |
| Change in working capital | -33M | 162M | 289M | -955M | 318M | -339M | 48M | -384M | -225M | -412M | -550M | -1.1B |
| Operating cash flow | 3.3B | 3.4B | 3.6B | 2.3B | 3.2B | 3.1B | 2.6B | 3.1B | 3.7B | 3.6B | 1.9B | 4.4B |
| Capital expenditure | 195M | 218M | 155M | 187M | 199M | 181M | 149M | -955M | -1.1B | -1.3B | -1.1B | -1.1B |
| Investing cash flow | -2.7B | 300M | 1.7B | -3M | -317M | -612M | 743M | -1.5B | -1.5B | -2B | -2B | -1.9B |
| Dividends paid | -663M | -662M | -648M | -635M | -683M | -680M | -674M | -662M | -707M | -706M | -703M | -696M |
| Share repurchases | -358M | -2.8B | -4.5B | -1.8B | -782M | -640M | -3.7B | -823M | -342M | -317M | -5.1B | -1.5B |
| Financing cash flow | -1.4B | -3B | -5B | -2.9B | -1.2B | -385M | -4.5B | 224M | -305M | 751M | -6B | -34M |
| Net change in cash | -799M | 673M | 302M | -652M | 1.7B | 2.1B | -1.1B | 1.8B | 1.9B | 2.3B | -6B | 2.4B |
| Free cash flow | 3.3B | 3.1B | 1.3B | 2.3B | 2.8B | 2.4B | 371M | 2.2B | 2.7B | 2.2B | 819M | 3.3B |
| Oct 20, 2025 |
| $1.51 |
| Jul 21, 2025 | $1.51 |
| Apr 21, 2025 | $1.41 |
| Jan 21, 2025 | $1.41 |
| Oct 21, 2024 | $1.41 |
| Date | Ratio |
|---|---|
| Jul 14, 2005 | 2:1 |
| Jul 14, 1997 | 2:1 |
| Sep 6, 1994 | 2:1 |
| Jul 26, 1976 | 3:2 |