Also trades as: 0H68.L (LSE) · $vol 0M

$121.99

+1.06 (+0.88%)

Weekly Expected Move ±2.8%

$114 $117 $120 $124 $127

NYSE · Financial Services · Insurance - Life · Tech Score Strong Buy · Power 71 · $61.2B mcap · 497M float · 0.419% daily turnover · Short 40% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $112.7M held by 141 funds, 81 bp over Treasuries → details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$17.4B -8.8% ▼

5Y CAGR: -4.8%

Gross Profit

$6.8B -0.4% ▼

5Y CAGR: -21.1%

Operating Income

$4.6B -27.7% ▼

5Y CAGR: +2.2%

Net Income

$3.6B -33.0% ▼

5Y CAGR: -5.3%

EPS (Diluted)

$6.83 -29.1% ▼

5Y CAGR: +0.5%

EBITDA

$5.5B -13.9% ▼

5Y CAGR: +5.8%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$21.5B	$19.2B	$18.8B	$19.1B	$17.4B
YoY Growth	-3.2%	-11.1%	-1.6%	+1.5%	-8.8%
Cost of Revenue	$0	$0	$0	$12.3B	$10.7B
Gross Profit	$21.5B	$19.2B	$18.8B	$6.8B	$6.8B
Gross Margin	100.0%	100.0%	100.0%	35.6%	38.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$0	$2.7B
Operating Expenses	$16.3B	$14.3B	$13.6B	$398M	$2.1B
Operating Income	$5.2B	$4.9B	$5.3B	$6.4B	$4.6B
Operating Margin	24.2%	25.4%	27.9%	33.5%	26.6%
Interest Expense	$238M	$226M	$195M	$197M	$220M
Income Before Tax	$5.2B	$4.9B	$5.3B	$6.4B	$4.5B
Tax Expense	$977M	$451M	$603M	$974M	$887M
Net Income	$4.2B	$4.4B	$4.7B	$5.4B	$3.6B
Net Margin	19.6%	23.1%	24.7%	28.5%	20.9%
EPS (Diluted)	$6.39	$6.93	$7.78	$9.63	$6.83
EBITDA	$5.2B	$4.9B	$5.3B	$6.4B	$5.5B
Shares Outstanding	677M	638M	599M	565M	532M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$3.0B	$5.5B	$3.5B	$4.2B	$4.8B	$4.9B	$4.3B	$4.1B
Cost of Revenue	$2.6B	$3.0B	$3.0B	$3.0B	$2.7B	$2.0B	$1.8B	$1.9B
Gross Profit	$479M	$2.5B	$490M	$1.2B	$2.1B	$2.9B	$2.5B	$2.2B
Gross Margin	15.8%	46.0%	14.2%	28.0%	43.9%	59.9%	57.5%	54.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$804M	$781M	$1.1B	$0	$0
Operating Expenses	$387M	$392M	$345M	$361M	$110M	$1.3B	$1.3B	$1.2B
Operating Income	$92M	$2.1B	$145M	$822M	$2.0B	$1.6B	$1.2B	$995M
Operating Margin	3.0%	38.8%	4.2%	19.5%	41.6%	32.7%	28.4%	24.4%
Interest Expense	$50M	$50M	$50M	$52M	$57M	$61M	$60M	$64M
Income Before Tax	$92M	$2.1B	$145M	$822M	$2.0B	$1.6B	$1.2B	$995M
Tax Expense	$185M	$233M	$116M	$223M	$355M	$193M	$206M	$170M
Net Income	-$93M	$1.9B	$29M	$599M	$1.6B	$1.4B	$1.0B	$825M
Net Margin	-3.1%	34.6%	0.8%	14.2%	34.2%	28.2%	23.6%	20.2%
EPS (Diluted)	$-0.17	$3.42	$0.05	$1.11	$3.08	$2.59	$1.98	$1.63
EBITDA	$92M	$2.1B	$145M	$822M	$2.7B	$1.9B	$1.3B	$1.3B
Shares Outstanding	560M	565M	547M	538M	532M	532M	515M	506M

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