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We build innovative platforms and tools that unleash creativity, productivity and personalized customer experiences. For over four decades, our innovations have transformed how people everywhere engage across all types of media.
$262.11
$11.92 (-4.35%)
Last close via Marketstack
Margins and capital returns are both well above average: 36.63% operating margin, ROIC at 36.96%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 10.5% YoY with margins expanding 5.3pp.
Even for strong businesses, today's 15x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
15.3x earnings, 10.4x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$24.45B
▲ +10.5% YoY
Net Income (TTM)
$7.21B
▲ +28.2% YoY
Op. Margin
36.65%
▲ +5.3pp YoY
ROIC
39.54%
▲ +10.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$10.32B
▲ +25.1% YoY
Op. Cash Flow (TTM)
$10.51B
▲ +24.5% YoY
Net Debt
-$233M
Net Cash Position
Cash & Equiv.
$6.89B
5Y CAGR: +13.1%
5Y CAGR: +13.2%
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