Also trades as: SQ (NYSE) · $vol 692M · SQ2.AX (ASX) · $vol 26M · XYZ.AX (ASX) · $vol 14M · 0L95.L (LSE) · $vol 1M · SQ3.F (FSX) · $vol 0M · BSQKZ (OTC) · $vol 0M

$68.07

-0.58 (-0.84%)

Weekly Expected Move ±5.8%

$62 $66 $70 $74 $79

NYSE · Technology · Software - Infrastructure · Alpha Radar Neutral · Power 44 · $40.5B mcap · 529M float · 1.41% daily turnover · Short 58% of daily vol

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$24.2B +0.3% ▲

5Y CAGR: +20.6%

Gross Profit

$10.4B +16.5% ▲

5Y CAGR: +31.2%

Operating Income

$1.7B +91.5% ▲

5Y CAGR: +58.9%

Net Income

$1.3B -55.0% ▼

5Y CAGR: +43.7%

EPS (Diluted)

$2.10 -53.8% ▼

5Y CAGR: +36.7%

EBITDA

$1.8B -11.8% ▼

5Y CAGR: +33.6%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$17.7B	$17.5B	$21.9B	$24.1B	$24.2B
YoY Growth	+86.0%	-0.7%	+25.0%	+10.1%	+0.3%
Cost of Revenue	$13.4B	$11.5B	$14.6B	$15.2B	$13.8B
Gross Profit	$4.3B	$6.0B	$7.3B	$8.9B	$10.4B
Gross Margin	24.4%	34.2%	33.5%	36.9%	42.8%
R&D Expenses	$1.3B	$2.1B	$2.7B	$2.9B	$0
SG&A Expenses	$2.5B	$3.7B	$4.0B	$4.1B	$2.0B
Operating Expenses	$3.8B	$6.6B	$6.7B	$8.0B	$8.7B
Operating Income	$458M	-$625M	$633M	$892M	$1.7B
Operating Margin	2.6%	-3.6%	2.9%	3.7%	7.1%
Interest Expense	$33M	$36M	$0	$9M	$129M
Income Before Tax	$157M	-$565M	-$29M	$1.4B	$1.7B
Tax Expense	-$1M	-$12M	-$8M	-$1.5B	$386M
Net Income	$166M	-$541M	$10M	$2.9B	$1.3B
Net Margin	0.9%	-3.1%	0.0%	12.0%	5.4%
EPS (Diluted)	$0.33	$-0.93	$0.02	$4.55	$2.10
EBITDA	$408M	$313M	$379M	$2.1B	$1.8B
Shares Outstanding	502M	579M	614M	636M	623M

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1
Revenue	$6.2B	$6.0B	$6.0B	$5.8B	$6.1B	$6.1B	$6.3B	$6.1B
Cost of Revenue	$4.0B	$3.7B	$3.8B	$3.5B	$3.5B	$3.4B	$3.4B	$3.1B
Gross Profit	$2.2B	$2.2B	$2.3B	$2.3B	$2.5B	$2.7B	$2.9B	$2.9B
Gross Margin	35.6%	37.6%	37.7%	39.1%	41.9%	43.8%	45.9%	48.0%
R&D Expenses	$713M	$711M	$770M	$761M	$725M	$711M	$711M	$1.0B
SG&A Expenses	$947M	$988M	$1.0B	$996M	$999M	$1.1B	$1.1B	$1.5B
Operating Expenses	$1.7B	$1.9B	$1.8B	$1.8B	$2.1B	$2.3B	$1.9B	$2.6B
Operating Income	$533M	$323M	$461M	$499M	$484M	$409M	$995M	$328M
Operating Margin	8.7%	5.4%	7.6%	8.7%	8.0%	6.7%	15.9%	5.4%
Interest Expense	$0	$14M	$16M	$17M	$24M	$35M	$54M	$53M
Income Before Tax	$249M	$324M	$278M	$227M	$659M	$602M	$202M	-$393M
Tax Expense	$59M	$43M	-$1.6B	$38M	$121M	$140M	$86M	-$84M
Net Income	$195M	$284M	$1.9B	$190M	$538M	$462M	$116M	-$309M
Net Margin	3.2%	4.7%	32.3%	3.3%	8.9%	7.5%	1.9%	-5.1%
EPS (Diluted)	$0.31	$0.45	$3.04	$0.30	$0.87	$0.74	$0.19	$-0.52
EBITDA	$346M	$608M	$383M	$333M	$871M	$865M	$1.1B	-$243M
Shares Outstanding	634M	633M	639M	635M	619M	622M	623M	598M

XYZ NYSE