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

$144.67

+1.30 (+0.91%)

After Hours: $145.25 (+0.58, +0.40%)

Weekly Expected Move ±2.9%

$135 $139 $143 $148 $152

NYSE · Real Estate · REIT - Industrial · Tech Score Buy · Power 69 · $30.6B mcap · 209M float · 0.600% daily turnover · Short 57% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $484.3M held by 361 funds, 73 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

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$3.4B +1.2% ▲

5Y CAGR: +19.6%

Gross Profit

$960M -62.3% ▼

5Y CAGR: -1.2%

Operating Income

$1.5B +12.5% ▲

5Y CAGR: +17.5%

Net Income

$974M +14.0% ▲

5Y CAGR: +15.1%

EPS (Diluted)

$4.59 +13.9% ▲

5Y CAGR: +4.3%

EBITDA

$2.4B +6.8% ▲

5Y CAGR: +22.0%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.6B	$2.0B	$2.6B	$3.3B	$3.4B
YoY Growth	+16.8%	+22.1%	+33.0%	+27.6%	+1.2%
Cost of Revenue	$379M	$423M	$594M	$791M	$2.4B
Gross Profit	$1.2B	$1.5B	$2.0B	$2.5B	$960M
Gross Margin	76.4%	78.5%	77.3%	76.3%	28.4%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$121M	$175M	$223M	$282M	$186M
Operating Expenses	$254M	$492M	$851M	$1.2B	-$529M
Operating Income	$976M	$1.1B	$1.2B	$1.3B	$1.5B
Operating Margin	60.6%	53.4%	44.7%	39.6%	44.1%
Interest Expense	$166M	$219M	$438M	$595M	$635M
Income Before Tax	$898M	$942M	$872M	$934M	$1.1B
Tax Expense	$20M	$21M	$22M	$33M	$42M
Net Income	$828M	$861M	$803M	$855M	$974M
Net Margin	51.4%	43.8%	30.7%	25.6%	28.8%
EPS (Diluted)	$6.19	$6.41	$4.74	$4.03	$4.59
EBITDA	$1.1B	$1.4B	$1.8B	$2.3B	$2.4B
Shares Outstanding	140M	142M	169M	212M	212M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$855M	$841M	$840M	$842M	$778M	$918M	$856M	$874M
Cost of Revenue	$227M	$125M	$226M	$245M	$470M	$1.5B	$256M	$435M
Gross Profit	$628M	$716M	$614M	$597M	$307M	-$559M	$600M	$439M
Gross Margin	73.5%	85.2%	73.1%	70.9%	39.5%	-60.8%	70.1%	50.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$40M	$159M	$61M	$45M	$28M	$52M	$47M	$47M
Operating Expenses	$325M	$336M	$226M	$223M	$28M	-$1.0B	$232M	$47M
Operating Income	$303M	$380M	$389M	$374M	$279M	$447M	$368M	$392M
Operating Margin	35.4%	45.2%	46.3%	44.4%	35.9%	48.7%	42.9%	44.9%
Interest Expense	$154M	$150M	$154M	$158M	$750M	$426M	$160M	$159M
Income Before Tax	$214M	$284M	$294M	$274M	$125M	$371M	$263M	-$784M
Tax Expense	$11M	$6M	$9M	$12M	-$53M	$74M	$11M	-$1.1B
Net Income	$193M	$262M	$271M	$250M	$170M	$283M	$241M	$263M
Net Margin	22.6%	31.2%	32.2%	29.7%	21.9%	30.9%	28.2%	30.1%
EPS (Diluted)	$0.91	$1.24	$1.28	$1.18	$0.78	$1.30	$1.14	$1.25
EBITDA	$588M	$552M	$553M	$610M	$1.1B	$977M	$609M	$522M
Shares Outstanding	220M	212M	212M	212M	212M	221M	220M	220M

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