$18.00

+0.20 (+1.12%)

Weekly Expected Move ±1.8%

$17 $18 $18 $18 $19

NYSE · Financial Services · Financial - Capital Markets · Tech Score Sell · Power 29 · $1.8B mcap · 99M float · 0.014% daily turnover · Short 40% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview News Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

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Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$6.3B +6.7% ▲

5Y CAGR: +11.3%

Gross Profit

$5.4B +9.0% ▲

5Y CAGR: +7.6%

Operating Income

$1.1B -2.2% ▼

5Y CAGR: -2.2%

Net Income

$684M -6.5% ▼

5Y CAGR: +6.3%

EPS (Diluted)

$5.87 -6.1% ▼

5Y CAGR: +7.1%

EBITDA

$1.0B -11.2% ▼

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$4.7B	$4.4B	$4.3B	$6.0B	$6.3B
YoY Growth	+27.7%	-8.2%	-0.8%	+37.6%	+6.7%
Cost of Revenue	$0	$0	$29M	$2.9B	$995M
Gross Profit	$4.7B	$4.4B	$4.3B	$3.0B	$5.4B
Gross Margin	100.0%	100.0%	99.3%	51.0%	84.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$2.9B	$1.9B	$0
Operating Expenses	$3.1B	$2.9B	$2.9B	$1.9B	$4.3B
Operating Income	$1.7B	$1.5B	$1.5B	$1.1B	$1.1B
Operating Margin	35.0%	34.4%	33.8%	18.4%	16.8%
Interest Expense	$41M	$55M	$85M	$981M	$818M
Income Before Tax	$1.1B	$885M	$707M	$928M	$871M
Tax Expense	$242M	$223M	$184M	$197M	$187M
Net Income	$825M	$662M	$523M	$731M	$684M
Net Margin	17.4%	15.2%	12.1%	12.3%	10.8%
EPS (Diluted)	$6.66	$5.32	$4.28	$6.25	$5.87
EBITDA	$0	$0	-$707M	$1.2B	$1.0B
Shares Outstanding	119M	118M	113M	111M	110M

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$1.4B	$1.2B	$1.3B	$1.6B	$1.8B	$1.4B	$1.4B	$1.6B
Cost of Revenue	$0	$0	$0	$225M	$16M	$0	$0	$295M
Gross Profit	$1.4B	$1.2B	$1.3B	$1.4B	$1.7B	$1.4B	$1.4B	$1.3B
Gross Margin	100.0%	100.0%	100.0%	86.2%	99.1%	100.0%	100.0%	82.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$0	$0	$929M	$934M	$0
Operating Expenses	$857M	$819M	$841M	$1.1B	$1.2B	$929M	$934M	$813M
Operating Income	$516M	$425M	$435M	$320M	$541M	$493M	$505M	$527M
Operating Margin	37.6%	34.1%	34.1%	19.6%	30.9%	34.7%	35.1%	32.2%
Interest Expense	$228M	$0	$207M	$0	$0	$0	$0	$209M
Income Before Tax	$266M	$63M	$214M	$286M	$308M	$326M	$299M	$310M
Tax Expense	$22M	$10M	$59M	$75M	$44M	$75M	$73M	$75M
Net Income	$244M	$53M	$155M	$211M	$264M	$251M	$226M	$234M
Net Margin	17.8%	4.3%	12.2%	12.9%	15.1%	17.7%	15.7%	14.3%
EPS (Diluted)	$2.09	$0.39	$1.34	$1.84	$2.31	$2.19	$1.43	$1.40
EBITDA	$0	$0	$0	$341M	$541M	$0	$0	$519M
Shares Outstanding	112M	111M	109M	110M	110M	110M	152M	160M

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