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 | $6.75 | $7.26 | +7.6% | — | — | — |
| Q4 26 | $6.61 | $6.82 | +3.2% | — | — | — |
| Q3 26 | $6.78 | $7.52 | +10.9% | — | — | — |
| Q2 26 | $6.16 | $7.49 | +21.6% | — | — | — |
| Q1 26 | $5.97 | $6.14 | +2.8% | — | — | — |
| Q4 25 | $3.23 | $3.68 | +13.9% | — | — | — |
| Q3 25 | $5.45 | $6.02 | +10.5% | — | — | — |
| Q2 25 | $5.06 | $5.7 | +12.6% | — | — | — |
| Q1 25 | $5.15 | $5.38 | +4.5% | — | — | — |
| Q4 24 | $5.3 | $5.41 | +2.1% | — | — | — |
| Q3 24 | $5.12 | $5.54 | +8.2% | — | — | — |
| Q2 24 | $4.44 | $4.95 | +11.5% | — | — | — |
| Q1 24 | $4.41 | $4.92 | +11.6% | — | — | — |
| Q4 23 | $4.45 | $4.41 | -0.9% | — | — | — |
| Q3 23 | $4.25 | $4.05 | -4.7% | — | — | — |
| Q2 23 | $2.59 | $3.17 | +22.4% | — | — | — |
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 | — | $25.7 | — | — | $59.8B | — |
| FY24 | — | $22.7 | — | — | $56.1B | — |
| FY23 | — | $21.9 | — | — | $49.8B | — |
| FY22 | — | $12.8 | — | — | $43.1B |
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 | $31.5B | $32.3B | $32.7B | $34.2B | $36.1B | $40.9B | $43.1B | $49.8B | $56.1B | $59.8B |
| YoY change | +66% | +2.73% | +1.05% | +4.75% | +5.32% | +13.3% | +5.37% | +15.7% | +12.7% | +6.47% |
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 | 31.5B | 32.3B | 32.7B | 34.2B | 36.1B | 40.9B | 43.1B | 49.8B | 56.1B | 59.8B |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 3.1B | 2.8B | 2.9B | 3B | 3B | 3.1B | 3.4B | 4B | 4.4B | 4.5B |
| Operating expenses | 3.1B | 2.9B | 2.9B | 3.1B | 3.1B | 3.2B | 3.4B | 4.1B | 4.4B | 4.6B |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | 91M | 80M | -307M | -140M | — |
| Pretax income | 5B | 3.7B | 4.7B | 5.2B | 4.2B | 9.8B | 6.5B | 9.5B | 11.5B | 13B |
| Income tax | 815M | -139M | 695M | 795M | 629M | 1.3B | 1.2B | 511M | 1.8B | 2.4B |
| Net income | 4.1B | 3.9B | 4B | 4.5B | 3.5B | 8.5B | 5.2B | 9B | 9.6B | 10.6B |
| Net margin | 13.1% | 11.9% | 12.1% | 13% | 9.8% | 20.9% | 12.2% | 18.1% | 17.2% | 17.8% |
| EBITDA | — | — | — | — | — | — | — | — | — | — |
| EPS | 8.94 | 8.26 | 8.55 | 9.85 | 7.84 | 20 | 12.8 | 21.9 | 22.7 | 25.7 |
| Diluted EPS | 8.87 | 8.19 | 8.49 | 9.71 | 7.79 | 19.3 | 12.6 | 21.8 | 22.5 | 25.7 |
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 | 13.9B | 13.1B | 13B | 13.9B | 15.1B | 14.2B | 13.5B | 14.9B | 16.2B | 15.3B | 14.8B | 16B |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 1.1B | 1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.1B | 1.2B |
| Operating expenses | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -32M | -153M | 21M | -29M | -230M | 98M | — | — | — | — | — | — |
| Pretax income | 2.5B | 2.6B | 2.6B | 2.7B | 3B | 3.1B | 1.7B | 3.7B | 3.9B | 3.8B | 3B | 3.6B |
| Income tax | 413M | -678M | 342M | 490M | 504M | 479M | 321M | 717M | 787M | 597M | 646M | 742M |
| Net income | 2B | 3.3B | 2.3B | 2.2B | 2.5B | 2.6B | 1.3B | 3B | 3.1B | 3.2B | 2.3B | 2.9B |
| Net margin | 14.7% | 25.1% | 17.7% | 15.9% | 16.5% | 18.6% | 9.96% | 20.2% | 19.2% | 20.7% | 15.8% | 18.1% |
| EBITDA | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS | 5 | 8.08 | 5.28 | 5.52 | 5.77 | 6.33 | 3.32 | 7.44 | 7.1 | 8.1 | 5.94 | 7.37 |
| Diluted EPS | 4.95 | 8.03 | 5.23 | 5.46 | 5.7 | 6.02 | 3.29 | 7.35 | 6.99 | 8.1 | 5.88 | 7.3 |
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 | — | 68.3B | 59.9B | 70.4B | 69.4B | 82.5B | 91.5B | 92.8B | 112.9B | 125.3B | 127.8B |
| Enterprise value | — | -2.4B | -10.2B | -6.1B | -12.5B | 715.8M | 80.6B | 73.5B | 89B | 100B | 151.1B |
| Shares outstanding | 462.5M | 467.1M | 463.6M | 452M | 450.7M | 426.6M | 414.6M | 410.8M | 408.5M | 401.5M | 401.5M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | 17.7 | 15.1 | 15.8 | 19.6 | 9.67 | 17.4 | 10.3 | 11.7 | 11.8 | 11.7 |
| P/S | — | 2.11 | 1.83 | 2.06 | 1.92 | 2.02 | 2.12 | 1.86 | 2.01 | 2.1 | 2.06 |
| P/B | — | 1.33 | 1.19 | 1.27 | 1.17 | 1.38 | 1.81 | 1.46 | 1.65 | 1.57 | 1.69 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | 10.2 |
| EV/Sales | — | -0.07 | -0.31 | -0.18 | -0.35 | 0.02 | 1.87 | 1.48 | 1.58 | 1.67 | 2.44 |
| Earnings yield | — | 5.66% | 6.62% | 6.33% | 5.09% | 10.3% | 5.74% | 9.71% | 8.54% | 8.48% | 8.55% |
| FCF yield | — | 6.6% | 9.15% | 9.01% | 14.1% | 13.5% | 12.3% | 13.6% | 14.3% | 10.2% | 8.2% |
| PEG | — | — | — | — | — | — | — | — | — | — | -11.6 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 23.5% |
| Net margin | 13.1% | 11.9% | 12.1% | 13% | 9.8% | 20.9% | 12.2% | 18.1% | 17.2% | 17.8% | 18.1% |
| ROE | 8.57% | 7.55% | 7.87% | 8.05% | 5.94% | 14.3% | 10.4% | 14.2% | 14.1% | 13.3% | 14.8% |
| ROA | — | — | — | — | — | — | — | — | 3.91% | 3.9% | 3.36% |
| Return on tangible assets | — | — | — | — | — | — | — | — | 5.12% | 4.98% | 5.17% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | — | — | — | — | — | — | 0.41 |
| Debt / equity | 0.27 | 0.25 | 0.25 | 0.27 | 0.25 | 0.27 | 0.29 | 0.23 | 0.22 | 0.22 | 0.31 |
| Debt / assets | — | — | — | — | — | — | — | — | 0.06 | 0.06 | 0.06 |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | — | — | 1.15 |
| Interest coverage | 9.18 | 7.13 | 8.27 | 10.5 | 9.07 | 20.9 | 12.4 | 15.2 | 16.5 | 18.1 | 18.9 |
| Effective tax rate | 16.5% | 0% | 14.9% | 15.1% | 15.1% | 13% | 19.1% | 5.36% | 15.8% | 18.6% | 19.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 68.1 | 69.2 | 70.5 | 75.7 | 80 | 95.8 | 103.8 | 121.3 | 137.5 | 148.9 | 157.9 |
| EPS (basic) | 8.94 | 8.26 | 8.55 | 9.85 | 7.84 | 20 | 12.8 | 21.9 | 22.7 | 25.7 | 25.7 |
| EPS (diluted) | 8.87 | 8.19 | 8.49 | 9.71 | 7.79 | 19.3 | 12.6 | 21.8 | 22.5 | 25.7 | 28.2 |
| Book value per share | 104.4 | 109.5 | 108.5 | 122.4 | 131.9 | 140 | 121.9 | 155 | 167.4 | 198.7 | 195.4 |
| FCF per share | 11.4 | 9.64 | 11.8 | 14 | 21.7 | 26.1 | 27.2 | 30.7 | 39.6 | 31.9 | 39.3 |
| Cash per share | 181.8 | 178.2 | 178.4 | 202 | 214.7 | 229.5 | 62.2 | 82.2 | 95.9 | 106.1 | 20.7 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payout ratio | 28.4% | 33.9% | 33.7% | 30.4% | 39.3% | 16.4% | 26.2% | 15.5% | 14.9% | 14.2% | 13.9% |
| Dividend yield | — | 1.92% | 2.23% | 1.92% | 2% | 1.7% | 1.5% | 1.5% | 1.27% | 1.2% | 1.23% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Sep 11, 2026 | $1.02 |
| Jun 12, 2026 | $1.02 |
| Mar 13, 2026 | $0.97 |
| — |
| FY21 | — | $20 | — | — | $40.9B | — |
| FY20 | — | $7.84 | — | — | $36.1B | — |
| FY19 | — | $9.85 | — | — | $34.2B | — |
| FY18 | — | $8.55 | — | — | $32.7B | — |
| FY17 | — | $8.26 | — | — | $32.3B | — |
| FY16 | — | $8.94 | — | — | $31.5B | — |
| 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 | $13.9B | $13.1B | $13B | $13.9B | $15.1B | $14.2B | $13.5B | $14.9B | $16.2B | $15.3B | $14.8B | $16B |
| YoY change | +15.2% | +13.8% | +17.4% | +17.9% | +8.73% | +8.38% | +4.04% | +6.81% | +7.27% | +7.92% | +9.9% | +7.24% |
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 | 84.1B | 83.2B | 82.7B | 91.3B | 96.8B | 97.9B | 25.8B | 33.8B | 39.2B | 42.6B |
| Receivables | 22.7B | 24.6B | 26.3B | 25.7B | 26.3B | 28.9B | 31.1B | 33.6B | 34.5B | 36.6B |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 44.9B | 44.8B | 43.4B | 43.3B | 42.9B | 41.8B | 50.7B | 60.3B | 58.4B | 58.8B |
| Total assets | — | — | — | — | — | — | — | — | 246.5B | 272.3B |
| Accounts payable | 5.6B | 5.9B | 6.4B | 6.2B | 6.7B | 7.2B | 7.8B | 8.3B | 8.1B | 8.3B |
| Short-term debt | 500M | 1B | 509M | 1.3B | 0 | 999M | 475M | 1.5B | 800M | 1.5B |
| Total current liabilities | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | 12.6B | 11.6B | 12.1B | 13.6B | 14.9B | 15.2B | 14.4B | 13B | 14.5B | 15.7B |
| Total liabilities | — | — | — | — | — | — | — | — | 178.2B | 192.5B |
| Shareholders' equity | 48.3B | 51.2B | 50.3B | 55.3B | 59.4B | 59.7B | 50.5B | 63.7B | 68.4B | 79.8B |
| Total debt | 13.1B | 12.6B | 12.6B | 14.9B | 14.9B | 16.2B | 14.9B | 14.5B | 15.3B | 17.2B |
| Net debt | 12.1B | 11.8B | 11.3B | 13.3B | 13.2B | 14.5B | 12.9B | 12B | 13B | 15B |
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 | 107.8B | 33.8B | 35.9B | 36.3B | 39.9B | 39.2B | 38.9B | 40.4B | 42B | 42.6B | 43.4B | 44.8B |
| Receivables | 34B | 33.6B | 33.4B | 35.6B | 35.6B | 34.5B | 35.6B | 36.7B | 36.8B | 36.6B | 37.6B | 39.7B |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 60.1B | 60.3B | 60B | 59.8B | 60.1B | 58.4B | 58.4B | 59.6B | 59.4B | 58.8B | 59B | 58.6B |
| Total assets | — | — | 234.9B | 238.6B | 250.6B | 246.5B | 251.8B | 261.6B | 270.2B | 272.3B | 275.5B | 281.3B |
| Accounts payable | 8.5B | 8.3B | 8.5B | 9.1B | 8.7B | 8.1B | 8.4B | 9.2B | 8.5B | 8.3B | 8.5B | 9.3B |
| Short-term debt | 700M | 1.5B | 2.3B | 1.6B | 1.6B | 800M | 0 | 1.5B | 1.5B | 1.5B | 1.5B | 663M |
| Total current liabilities | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | 13.7B | 13B | 13.2B | 13.2B | 14.6B | 14.5B | 14.5B | 13.5B | 15.7B | 15.7B | 16B | 17.5B |
| Total liabilities | — | — | — | 174B | 180.4B | 178.2B | 181B | 187.1B | 192.4B | 192.5B | 195.5B | 200.5B |
| Shareholders' equity | 57.5B | 63.7B | 64.4B | 64.6B | 70.1B | 68.4B | 70.8B | 74.4B | 77.8B | 79.8B | 79.9B | 80.8B |
| Total debt | 14.4B | 14.5B | 15.5B | 14.7B | 16.1B | 15.3B | 14.5B | 15B | 17.2B | 17.2B | 17.5B | 18.1B |
| Net debt | 11.8B | 12B | 13B | 12.3B | 13.6B | 13B | 12.5B | 12.8B | 15B | 15B | 15B | 15.6B |
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 | 4.1B | 3.9B | 4B | 4.5B | 3.5B | 8.5B | 5.2B | 9B | 9.6B | 10.6B |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — |
| Change in working capital | -223M | -1.7B | -1B | 59M | -13M | -4.7B | -2.2B | -2.3B | -1B | -1.3B |
| Operating cash flow | 4.3B | 1.7B | 2.6B | 5.1B | 3.9B | 6.9B | 4.1B | 7.7B | 10.2B | 12.8B |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | -6.3B | -3.5B | -3.9B | -7.3B | -8.4B | -8.1B | -6.7B | -8.8B | -15.3B | -13B |
| Dividends paid | -1.2B | -1.3B | -1.3B | -1.4B | -1.4B | -1.4B | -1.4B | -1.4B | -1.4B | -1.5B |
| Share repurchases | 0 | -801M | -1B | -1.5B | -523M | -4.9B | -2.9B | -2.4B | -1.8B | -3.7B |
| Financing cash flow | -908M | -2.5B | -2.1B | -355M | -2.2B | -4.7B | -5.4B | -5B | -2.2B | -2.8B |
| Net change in cash | -2.9B | -4.3B | -3.5B | -2.6B | -6.7B | -5.8B | -8B | -6.1B | -7.3B | -2.9B |
| Free cash flow | 5.3B | 4.5B | 5.5B | 6.3B | 9.8B | 11.2B | 11.3B | 12.6B | 16.2B | 12.8B |
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 | 2B | 3.3B | 2.3B | 2.2B | 2.5B | 2.6B | 1.3B | 3B | 3.1B | 3.2B | 2.3B | 2.9B |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | — |
| Change in working capital | -986M | -85M | 411M | -2.3B | -171M | 827M | -1.1B | 420M | -1.4B | 821M | -1.1B | -1.3B |
| Operating cash flow | 1.8B | 3.2B | 2.8B | -65M | 2.7B | 4.5B | -70M | 2.2B | 3.6B | 4.1B | 3.9B | 3.7B |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | -3.5B | -2.4B | -3.9B | -2.7B | -5.9B | -2.8B | -1B | -3.3B | -5.6B | -3B | -3.1B | -2.8B |
| Dividends paid | -356M | -350M | -349M | -349M | -371M | -367M | -366M | -365M | -390M | -384M | -380M | -379M |
| Share repurchases | -581M | -563M | -404M | -652M | -295M | -450M | -691M | -746M | -1.1B | -1.2B | -1.2B | -1.1B |
| Financing cash flow | -897M | -1.5B | 321M | -2B | 1.2B | -1.7B | -1.6B | -786M | 1.4B | -1.8B | -1.3B | -1B |
| Net change in cash | -2.6B | -768M | -758M | -4.7B | -2B | -52M | -2.7B | -2B | -548M | -774M | -444M | -129M |
| Free cash flow | 4.7B | 3.2B | 3.2B | 4.1B | 4.3B | 4.6B | 1.6B | 3.6B | 3.6B | 4.1B | 3.9B | 3.7B |
| Jun 13, 2025 |
| $0.97 |
| Mar 14, 2025 | $0.91 |
| Dec 13, 2024 | $0.91 |
| Sep 13, 2024 | $0.91 |
| Jun 14, 2024 | $0.91 |
| Date | Ratio |
|---|---|
| Apr 19, 2006 | 1:2 |
| Mar 3, 1998 | 3:1 |