FIS Fidelity National Information Services, Inc. Common Stock
About Fidelity National Information Services, Inc. Common Stock Company overview from Wikipedia
Fidelity National Information Services, Inc. (FIS) is an American financial technology company. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
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Fidelity National Information Services, Inc. (FIS) is an American financial technology company. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
FIS was ranked second in the FinTech Forward 2016 rankings. After acquiring Worldpay for $35 billion in Q3 of 2019, FIS became the largest processing and payments company in the world.
History
The company was founded in Little Rock in 1968 as Systematics, which was later acquired by ALLTEL Information Services as its Financial Services division.
Alltell then sold this division to title insurance giant Fidelity National Financial in 2003, who renamed it Fidelity Information Services (FIS).
Operations
FIS has a portfolio of products for the financial services sector, including both retail and investment banking. They include "Profile"―a banking application based on the open source GT.M, a transaction processing database engine maintained by FIS.
Mergers, acquisitions and divestments
Throughout its history, FIS has made many acquisitions. Its largest, a proposed merger with Global Payments, was reported as being worth US$70 billion of combined enterprise value. Discussions about the merger were halted in December 2020.
Alltel Information Services, $1.05 billion (2003)
WebTone Technologies (2003)
Sanchez Computer Associates, $175 million (2004)
Aurum Technology (2004)
BankWare (2004)
InterCept (2004)
Kordoba GmbH & Co, $163.2 million (2004)
Merger with Certegy Inc., $1.8 billion (2006)
eFunds Corporation (EFD), approximately $1.8 billion in cash (2007)
Metavante Corporation, $2.94 billion in stock (2009)
Compliance Coach, Inc, 2010
Capco, $292 million (2010) In May 2017 FIS sold a 60% stake in Capco to CD&R funds for $477 million.
Pronet Solutions, $24 million (2012)
TDWI (Toronto Dominion Wealth Institutional) – now re-branded as Platform Securities (2013)
mFoundry, $120 million (2013)
CMSI (2014)
Reliance Trust Company (2014) $110 million
Clear2Pay (2014) $480 million
SunGard (2015) $9.1 billion
Worldpay, Inc. (2019) $43 billion
Virtus Partners (2020)
Payrix (2022)
Bond Financial Technologies (2023)
Torstone Technology (2024)
Dragonfly Financial Technologies (2024)
Demica (2024)
Amount (2025)
Everlink (2025)
TSYS, $13.5 billion (2026)
Divestments
In February 2023, in the wake of pressure from activist investors, the company announced it would spin off its merchant business that consisted of Worldpay in the 12 months that followed. In July 2023, FIS agreed to sell a 55 percent stake in Worldpay to private equity firm GTCR for $11.7 billion, valuing Worldpay at $18.5 billion. On February 1, 2024, the company announced it had completed the sale of a majority stake in its Worldpay Merchant Solutions business to GTCR in a transaction that valued the deal at US$18.5 billion, including US$1 billion contingent on returns realized by GTCR. FIS will maintain commercial agreements with Worldpay and will create a joint strategic go-to-market partnership between the two entities.
In April 2025, Global Payments agreed to acquire Worldpay, for $22 billion from GTCR and FIS. As part of this deal, they also agreed to sell their Issuer Solutions business, TSYS, to FIS for $13.5 billion. The transaction was completed in January 2026.
Finances
FIS has experienced fluctuating revenue and profitability in recent years, influenced by acquisitions, divestitures, and restructuring efforts, most notably around its Worldpay business. After a decline in 2022, the company stabilised its performance in 2023 and returned to growth in 2024.
In 2024, FIS reported $14.51 billion in revenue, an increase from $14.50 billion in 2023. Operating income grew significantly to $3.55 billion, and net income reached $1.94 billion, reflecting improved margin performance following the spin-off of Worldpay. As of Q1 2025, the company reported strong quarterly results with a 3% year-over-year revenue increase and an adjusted EPS of $1.21. It expects to return over $1.2 billion to shareholders in 2025 through share repurchases and dividends.
Controversies
On July 3, 2007, Certegy Check Services, part of FIS, announced that a worker at one of its subsidiaries stole 2.3 million consumer records containing credit card, bank account, and other personal information. This estimate was later increased to 8.5 million consumer records. The next month, a law firm filed a class-action lawsuit against CCS and parent company FIS based on the privacy breach; the firm claims that, since CCS provides check-verification services to many major U.S. stores, "consumers do not choose to use the services of these companies but rather are forced to do so".
In August 2011, Florida based eFunds Prepaid Solutions, part of FIS, was the victim of a sophisticated cyberattack that saw hackers steal $13 million from ATMs using 22 stolen prepaid cards belonging to a single client of FIS.
On January 16-17, 2025, FIS reported a power outage causing technical issues at a large number of banks, including Capital One. Depositors report not being able to access online or mobile banking or not having accurate current data.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
FIS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
FIS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 11, 2026 | $0.4400 |
| March 10, 2026 | $0.4400 |
| Dec. 9, 2025 | $0.4000 |
| Sept. 10, 2025 | $0.4000 |
| June 10, 2025 | $0.4000 |
| March 11, 2025 | $0.4000 |
| Dec. 9, 2024 | $0.3600 |
| Sept. 10, 2024 | $0.3600 |
| June 10, 2024 | $0.3600 |
| March 7, 2024 | $0.3600 |
| Dec. 7, 2023 | $0.5200 |
| Sept. 7, 2023 | $0.5200 |
| June 8, 2023 | $0.5200 |
| March 9, 2023 | $0.5200 |
| Dec. 8, 2022 | $0.4700 |
| Sept. 15, 2022 | $0.4700 |
| June 9, 2022 | $0.4700 |
| March 10, 2022 | $0.4700 |
| Dec. 10, 2021 | $0.3900 |
| Sept. 9, 2021 | $0.3900 |
FIS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 5 15.6%
- Buy 14 43.8%
- Hold 12 37.5%
- Sell 1 3.1%
- Strong Sell 0 0.0%
12-Month Price Target
23 analysts · 2026-08-18Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.48 | $1.49 | -0.01% |
| March 31, 2026 | $1.36 | $1.30 | 0.06% |
| Dec. 31, 2025 | $1.68 | $1.70 | -0.02% |
| Sept. 30, 2025 | $1.51 | $1.50 | 0.01% |
| June 30, 2025 | $1.36 | $1.37 | -0.01% |
| March 31, 2025 | $1.21 | $1.21 | 0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FIS | $42.27B | 91.0 | 5.4% | 3.6% | 2.6% | 36.9% |
| XYZ | $39.19B | 31.0 | 0.30% | 5.4% | 6.0% | 42.8% |
| FISV | $52.66B | 10.6 | 3.6% | 16.4% | 13.2% | — |
| CPAY | $20.57B | 20.0 | 13.9% | 23.6% | 30.5% | — |
| AFRM | $22.48B | 460.9 | 38.8% | 1.6% | 1.8% | — |
| GPN | $18.32B | 13.4 | -0.39% | 18.2% | 6.2% | — |
| TOST | $20.92B | 63.4 | 24.1% | 5.6% | 17.3% | 25.9% |
| CHYM | $0 | -5.9 | 30.7% | -46.2% | -71.4% | 88.0% |
| JKHY | $18.81B | 28.9 | 7.2% | 19.2% | 22.2% | — |
| WEX | $5.11B | 17.6 | 1.2% | 11.4% | 27.5% | — |
| RELY | $2.91B | 44.5 | 29.4% | 4.2% | 8.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.68B | $10.13B | $9.83B | $9.72B | $9.34B | $12.55B | $10.33B | $8.42B | $8.67B | $8.83B | |
| Cost of Revenue | $6.74B | $6.32B | $6.17B | $6.26B | $5.99B | $8.35B | $6.61B | $5.57B | $5.79B | $5.89B | |
| Gross Profit | $3.94B | $3.80B | $3.66B | $3.46B | $3.35B | $4.20B | $3.72B | $2.85B | $2.87B | $2.94B | |
| SG&A Expense | $2.26B | $2.19B | $2.10B | $2.18B | $2.12B | $3.52B | $2.67B | $1.30B | $1.44B | $1.71B | |
| Operating Expenses | · | · | · | · | · | · | · | · | · | $7.94B | |
| Operating Income | $1.74B | $1.71B | $1.45B | $1.18B | $1.04B | $552M | $969M | $1.46B | $1.43B | $1.23B | |
| Interest Expense | · | · | $713M | $298M | $214M | $339M | $389M | $314M | $359M | $403M | |
| Interest Income | $24M | $101M | $92M | $17M | $2M | $5M | $52M | $17M | $22M | $20M | |
| Other Non-op | $-198M | $-162M | $-164M | $3M | $-109M | $48M | $-219M | $-57M | $-119M | $-9M | |
| Pretax Income | $1.18B | $1.30B | $662M | $898M | $719M | $266M | $413M | $1.10B | $976M | $837M | |
| Income Tax | $265M | $362M | $157M | $314M | $403M | $96M | $100M | $208M | $-321M | $291M | |
| Net Income | $382M | $1.45B | $-6.66B | $-16.75B | $417M | $158M | $298M | $846M | $1.26B | $525M | |
| EPS (Basic) | $0.73 | $2.62 | $-11.26 | $-27.74 | $0.68 | $0.26 | $0.67 | $2.58 | $3.82 | $1.61 | |
| EPS (Diluted) | $0.73 | $2.61 | $-11.26 | $-27.74 | $0.67 | $0.25 | $0.66 | $2.55 | $3.75 | $1.59 | |
| Shares (Basic) | 523,000,000 | 553,000,000 | 591,000,000 | 604,000,000 | 616,000,000 | 619,000,000 | 445,000,000 | 328,000,000 | 330,000,000 | 326,000,000 | |
| Shares (Diluted) | 525,000,000 | 555,000,000 | 591,000,000 | 604,000,000 | 621,000,000 | 627,000,000 | 451,000,000 | 332,000,000 | 336,000,000 | 330,000,000 | |
| EBITDA | $3.62B | $3.45B | $4.14B | $-12.27B | $5.07B | $4.27B | $3.41B | $2.88B | $2.88B | $2.47B |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $599M | $834M | $440M | $456M | $2.01B | $1.96B | $1.15B | $703M | $665M | $683M | |
| Receivables | · | · | $1.74B | $1.83B | $3.77B | $3.31B | $3.24B | $1.47B | $1.62B | $1.55B | |
| Prepaid Expense | $959M | $638M | $641M | $509M | $551M | $394M | $308M | $288M | $253M | $236M | |
| Other Current Assets | $261M | $135M | · | · | · | · | · | · | · | · | |
| Current Assets | $4.49B | $5.19B | $13.66B | $12.82B | $10.71B | $9.90B | $8.69B | $3.73B | $3.69B | $4.28B | |
| PP&E (Net) | $691M | $646M | $695M | $709M | $949M | $887M | $900M | $587M | $610M | $626M | |
| PP&E (Gross) | $2.14B | $2.08B | $2.07B | $1.97B | $2.52B | $2.29B | $2.18B | $1.65B | $1.66B | $1.49B | |
| Accum. Depreciation | $1.45B | $1.44B | $1.38B | $1.26B | $1.57B | $1.41B | $1.28B | $1.06B | $1.05B | $862M | |
| Goodwill | $17.76B | $17.26B | $16.97B | $16.82B | $16.93B | $53.27B | $52.24B | $13.54B | $13.73B | $14.18B | |
| Intangibles | $959M | $1.32B | $1.82B | $2.47B | $11.54B | $13.93B | $15.80B | $3.13B | $3.88B | $4.66B | |
| Other Non-current Assets | $1.71B | $1.75B | $1.53B | $1.68B | $2.14B | $1.57B | $2.30B | $503M | $531M | $363M | |
| Total Assets | $33.49B | $33.78B | $54.97B | $63.28B | $82.93B | $83.84B | $83.81B | $23.77B | $24.53B | $26.03B | |
| Accounts Payable | $2.10B | $1.99B | $1.77B | $1.58B | $2.86B | $2.48B | $2.37B | $1.10B | $1.24B | $1.15B | |
| Short-term Debt | $2.73B | $636M | $4.76B | $3.75B | $3.91B | $2.75B | $2.82B | $267M | $0 | · | |
| Current Liabilities | $7.62B | $6.09B | $18.23B | $16.22B | $14.47B | $12.36B | $10.38B | $3.12B | $4.01B | $3.15B | |
| Capital Leases | $178M | $177M | $178M | $219M | $378M | $453M | $466M | · | · | · | |
| Deferred Tax | $1.22B | $863M | $2.18B | $2.69B | $4.19B | $4.02B | $4.28B | $1.36B | $1.47B | $2.49B | |
| Other Non-current Liabilities | $1.69B | $1.44B | $1.45B | $1.38B | $1.92B | $2.03B | $2.41B | $326M | $403M | $386M | |
| Total Liabilities | $19.59B | $18.08B | $35.92B | $35.87B | $35.40B | $34.35B | $34.35B | $13.55B | $13.71B | $16.19B | |
| Long-term Debt | $10.35B | $10.65B | $14.32B | $16.34B | $16.44B | $17.27B | $17.37B | $8.72B | $8.76B | $10.48B | |
| Total Debt | $13.08B | $11.29B | $19.08B | $20.14B | $20.35B | $20.02B | $20.19B | $8.98B | $8.76B | $10.48B | |
| Common Stock | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $4M | $4M | $4M | |
| Paid-in Capital | $47.32B | $47.13B | $46.93B | $46.73B | $46.47B | $45.95B | $45.36B | $10.80B | $10.53B | $10.38B | |
| Retained Earnings | $-22.72B | $-22.26B | $-22.91B | $-14.97B | $2.89B | $3.44B | $4.16B | $4.53B | $4.11B | $3.30B | |
| Treasury Stock | $10.20B | $8.82B | $4.72B | $4.19B | $2.27B | $150M | $52M | $4.69B | $3.60B | $3.61B | |
| AOCI | $-504M | $-364M | $-260M | $-360M | $252M | $57M | $-33M | $-430M | $-332M | $-331M | |
| Stockholders' Equity | $13.90B | $15.70B | $19.05B | $27.22B | $47.35B | $49.30B | $49.44B | $10.21B | $10.71B | $9.74B | |
| Liabilities + Equity | $33.49B | $33.78B | $54.97B | $63.28B | $82.93B | $83.84B | $83.81B | $23.77B | $24.53B | $26.03B | |
| Shares Outstanding | 636,000,000 | 633,000,000 | 631,000,000 | 630,000,000 | 625,000,000 | 621,000,000 | 615,000,000 | · | · | · |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.88B | $1.74B | $1.74B | $1.88B | $4.01B | $3.71B | $2.44B | $1.42B | $1.37B | $1.15B | |
| Stock-based Comp | $181M | $186M | $120M | $189M | $383M | $283M | $402M | $84M | $107M | $137M | |
| Deferred Tax | $-31M | $-204M | $-415M | $-388M | $-81M | $-206M | $-109M | $-116M | $-985M | $-190M | |
| Amort. of Intangibles | $609M | $641M | $467M | $486M | $484M | $2.40B | $1.44B | $659M | $670M | $518M | |
| Other Non-cash | $193M | $-994M | $8.87B | $17.14B | $76M | $493M | $-625M | $-241M | $-91M | $210M | |
| Operating Cash Flow | $2.61B | $2.17B | $2.08B | $1.62B | $4.81B | $4.44B | $2.41B | $1.99B | $1.74B | $1.93B | |
| CapEx | $154M | $97M | $115M | $227M | $320M | $263M | $200M | $127M | $145M | $145M | |
| Investing Cash Flow | · | · | $-1.35B | $-373M | $-1.77B | $-914M | $-7.50B | $-668M | $690M | $-619M | |
| Debt Issued | $55.43B | $25.43B | $93.09B | $75.29B | $54.07B | $47.70B | $33.35B | $26.37B | $9.62B | $7.75B | |
| Net Debt Issued | $1.08B | $-7.75B | $-1.39B | $925M | $633M | $-1.37B | $8.68B | $223M | $-2.07B | $-1.00B | |
| Stock Repurchased | $1.43B | $4.04B | $522M | $1.94B | $2.11B | $112M | $453M | $1.25B | $153M | $40M | |
| Net Stock Activity | $-1.43B | $-4.04B | $-522M | $-1.94B | $-2.11B | $-112M | $-453M | $-1.25B | $-153M | $-40M | |
| Dividends Paid | $847M | $800M | $1.23B | $1.14B | $961M | $868M | $656M | $421M | $385M | $341M | |
| Financing Cash Flow | · | · | $-3.49B | $-2.57B | $-2.54B | $-2.75B | $7.58B | $-1.24B | $-2.48B | $-1.31B | |
| Net Change in Cash | $-1.35B | $-2.47B | $-399M | $530M | $253M | $819M | $2.51B | $38M | $-18M | $1M | |
| Taxes Paid | $628M | $488M | $402M | $963M | $440M | $282M | $321M | $503M | $545M | $341M | |
| Free Cash Flow | $2.45B | $2.08B | $4.19B | $3.67B | $4.49B | $4.18B | $2.21B | $1.87B | $1.60B | $1.78B | |
| Levered FCF | · | · | $3.65B | $3.36B | $4.38B | $3.96B | $1.92B | $1.61B | $1.13B | $1.52B |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.9% | 37.6% | 37.4% | 39.3% | 37.4% | 33.5% | 36.0% | 33.9% | · | -785.4% | |
| Operating Margin | 16.3% | 16.9% | 14.9% | -110.9% | 7.6% | 4.4% | 9.4% | 17.3% | · | -338.9% | |
| Net Margin | 3.6% | 14.3% | -67.8% | -115.1% | 3.0% | 1.3% | 2.9% | 10.0% | · | -148.3% | |
| Pretax Margin | 11.0% | 12.8% | 6.8% | -112.4% | 5.7% | 2.1% | 4.0% | 13.1% | · | -236.5% | |
| EBITDA Margin | 33.9% | 34.0% | 42.2% | -84.5% | 36.5% | 34.0% | 33.0% | 34.2% | · | -645.4% | |
| ROA | 1.1% | 3.3% | -11.2% | -22.9% | 0.50% | 0.19% | 0.55% | 3.5% | 5.2% | 2.2% | |
| ROE | 2.6% | 8.3% | -28.7% | -44.9% | 0.86% | 0.32% | 1.0% | 8.1% | 12.8% | 6.0% | |
| ROIC | 5.0% | 4.6% | 2.9% | -34.8% | 0.83% | 0.51% | 1.1% | 6.2% | 10.0% | 4.2% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.9 | 0.8 | 0.8 | 0.7 | 0.8 | 0.8 | 1.2 | 0.9 | 1.4 | |
| Quick Ratio | 0.1 | 0.1 | 0.1 | 0.4 | 0.4 | 0.4 | 0.4 | 0.7 | 0.6 | 0.7 | |
| Debt / Equity | 0.9 | 0.7 | 1.0 | 0.7 | 0.4 | 0.4 | 0.4 | 0.9 | 0.8 | 1.1 | |
| LT Debt / Equity | 0.7 | 0.6 | 0.7 | 0.5 | 0.3 | 0.3 | 0.3 | 0.8 | 0.7 | 1.0 | |
| Interest Coverage | · | · | 2.1 | -53.7 | 4.9 | 1.6 | 2.5 | 4.6 | 4.2 | 3.2 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.3 | · | -0.0 | |
| Receivables Turnover | · | · | 5.5 | 3.9 | 3.9 | 3.8 | 4.4 | 5.4 | · | -0.2 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 5.4% | 3.0% | 1.1% | 4.1% | -25.6% | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.2% | 2.7% | -7.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -3.2% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -72.0% | · | · | · | 168.0% | · | · | · | · | · | |
| EPS CAGR 3Y | · | 57.4% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 23.9% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -73.7% | · | · | · | 163.9% | · | · | · | · | · | |
| Net Income CAGR 3Y | · | 51.5% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 19.3% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -0.49% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $10.68B | $10.13B | $9.83B | $9.72B | $9.34B | $12.55B | $10.33B | $8.42B | $8.67B | $8.83B | |
| Net Income TTM | $382M | $1.45B | $-6.66B | $-16.75B | $417M | $158M | $298M | $846M | $1.26B | $525M | |
| Market Cap | $42.27B | $51.13B | $37.90B | $42.75B | · | · | · | · | · | · | |
| Enterprise Value | $54.75B | $61.58B | $56.54B | $60.69B | · | · | · | · | · | · | |
| P/E | 91.0 | 30.9 | -5.3 | -2.4 | 162.9 | 565.8 | 210.7 | 40.2 | 25.1 | 47.6 | |
| P/S | 4.0 | 5.0 | 3.9 | 4.4 | · | · | · | · | · | · | |
| P/B | 3.0 | 3.3 | 2.0 | 1.6 | · | · | · | · | · | · | |
| P / Tangible Book | · | · | 148.1 | 5.4 | · | · | · | · | · | · | |
| P / Cash Flow | 16.2 | 23.5 | 8.7 | 10.9 | · | · | · | · | · | · | |
| P / FCF | 17.2 | 24.6 | 9.0 | 11.6 | · | · | · | · | · | · | |
| EV / EBITDA | 15.1 | 17.9 | 13.7 | -4.9 | · | · | · | · | · | · | |
| EV / FCF | 22.3 | 29.6 | 13.5 | 16.5 | · | · | · | · | · | · | |
| EV / Revenue | 5.1 | 6.1 | 5.8 | 6.2 | · | · | · | · | · | · | |
| Dividend Yield | 2.0% | 1.6% | 3.2% | 2.7% | · | · | · | · | · | · | |
| Earnings Yield | 1.1% | 3.2% | -18.7% | -40.9% | 0.61% | 0.18% | 0.47% | 2.5% | 4.0% | 2.1% | |
| Payout Ratio | 221.7% | 55.2% | -18.5% | -6.8% | 230.5% | 549.4% | 220.1% | 49.8% | 29.2% | 60.0% | |
| Annual Payout | $847M | $800M | $1.23B | $1.14B | $961M | $868M | $656M | $421M | $385M | $341M |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.38B | $3.29B | $2.81B | $2.72B | $2.62B | $2.53B | $2.60B | $2.57B | $2.49B | $2.47B | $2.51B | $2.49B | $2.43B | $2.40B | $94M | $2.42B | |
| Cost of Revenue | $2.20B | $2.19B | $1.74B | $1.69B | $1.66B | $1.65B | $1.62B | $1.59B | $1.55B | $1.56B | $1.54B | $1.53B | $1.53B | $1.58B | $249M | $1.53B | |
| Gross Profit | $1.17B | $1.11B | $1.08B | $1.03B | $952M | $879M | $977M | $977M | $944M | $909M | $962M | $961M | $900M | $823M | $-155M | $881M | |
| SG&A Expense | $684M | $605M | $549M | $584M | $572M | $558M | $482M | $521M | $609M | $573M | $542M | $484M | $553M | $517M | $-415M | $480M | |
| Operating Income | $507M | $423M | $529M | $457M | $408M | $347M | $494M | $490M | $371M | $354M | $325M | $470M | $346M | $306M | $261M | $384M | |
| Other Non-op | $-12M | $33M | $-10M | $8M | $-159M | $-37M | $61M | $-38M | $-13M | $-172M | $-89M | $11M | $-70M | $-16M | $-106M | $18M | |
| Pretax Income | $295M | $259M | $432M | $375M | $139M | $230M | $488M | $388M | $315M | $106M | $80M | $319M | $116M | $147M | $42M | $324M | |
| Income Tax | $63M | $106M | $87M | $87M | $10M | $81M | $147M | $108M | $87M | $20M | $17M | $70M | $30M | $40M | $81M | $102M | |
| Net Income | $231M | $2.37B | $511M | $264M | $-470M | $77M | $281M | $224M | $238M | $706M | $249M | $-461M | $-6.59B | $152M | $-17.40B | $249M | |
| EPS (Basic) | $0.45 | $4.59 | $0.97 | $0.51 | $-0.90 | $0.15 | $0.55 | $0.41 | $0.43 | $1.23 | $0.40 | $-0.78 | $-11.14 | $0.26 | $-28.81 | $0.41 | |
| EPS (Diluted) | $0.45 | $4.58 | $0.98 | $0.50 | $-0.90 | $0.15 | $0.55 | $0.41 | $0.43 | $1.22 | $0.41 | $-0.78 | $-11.14 | $0.25 | $-28.80 | $0.41 | |
| Shares (Basic) | 516,000,000 | 515,000,000 | 517,000,000 | 521,000,000 | 525,000,000 | 528,000,000 | 536,000,000 | 545,000,000 | 554,000,000 | 576,000,000 | -1,185,000,000 | 592,000,000 | 592,000,000 | 592,000,000 | -1,219,000,000 | 605,000,000 | |
| Shares (Diluted) | 517,000,000 | 517,000,000 | 519,000,000 | 523,000,000 | 525,000,000 | 531,000,000 | 540,000,000 | 548,000,000 | 557,000,000 | 578,000,000 | -1,186,000,000 | 592,000,000 | 592,000,000 | 593,000,000 | -1,228,000,000 | 607,000,000 | |
| EBITDA | $1.17B | $1.05B | · | $936M | $889M | $803M | · | $490M | $378M | $789M | · | $475M | $-6.32B | $1.23B | · | $462M |
Balance Sheet 29
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $744M | $755M | $599M | $571M | $581M | $805M | $834M | $1.32B | $2.13B | $3.33B | · | $466M | $1.98B | $1.87B | · | $1.93B | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | $1.72B | $3.40B | $3.48B | · | $3.37B | |
| Prepaid Expense | $1.29B | $1.23B | $959M | $890M | $769M | $704M | $638M | $621M | $612M | $623M | · | $546M | $673M | $708M | · | $636M | |
| Other Current Assets | $379M | $304M | · | $209M | $122M | · | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $5.27B | $4.98B | $4.49B | $3.97B | $4.37B | $4.41B | $5.19B | $6.07B | $6.45B | $7.64B | · | $12.15B | $10.65B | $10.97B | · | $10.59B | |
| PP&E (Net) | $1.14B | $1.11B | $691M | $709M | $692M | $689M | $646M | $620M | $645M | $668M | · | $682M | $829M | $838M | · | $839M | |
| PP&E (Gross) | $2.68B | $2.60B | $2.14B | $2.17B | $2.14B | $2.09B | $2.08B | $2.10B | $2.09B | $2.10B | · | $2.02B | $2.44B | $2.39B | · | $2.31B | |
| Accum. Depreciation | $1.54B | $1.49B | $1.45B | $1.46B | $1.45B | $1.40B | $1.44B | $1.48B | $1.44B | $1.43B | · | $1.34B | $1.61B | $1.56B | · | $1.47B | |
| Goodwill | $25.03B | $24.59B | $17.76B | $17.82B | $17.58B | $17.33B | $17.26B | $17.05B | $16.98B | $16.97B | $16.97B | $16.81B | $27.68B | $34.42B | $16.82B | $51.01B | |
| Intangibles | $4.31B | $4.45B | $959M | $1.09B | $1.17B | $1.21B | $1.32B | $1.40B | $1.51B | $1.68B | · | $1.95B | $8.08B | $8.53B | · | $9.20B | |
| Other Non-current Assets | $1.82B | $1.83B | $1.71B | $1.69B | $1.80B | $1.62B | $1.75B | $1.64B | $1.59B | $1.52B | · | $1.62B | $1.94B | $1.99B | · | $2.55B | |
| Total Assets | $44.11B | $43.48B | $33.49B | $33.04B | $33.37B | $32.84B | $33.78B | $34.35B | $34.60B | $35.87B | · | $53.17B | $53.57B | $61.08B | · | $78.32B | |
| Accounts Payable | $2.43B | $2.45B | $2.10B | $1.99B | $1.70B | $1.83B | $1.99B | $1.86B | $1.85B | $2.04B | · | $1.47B | $2.65B | $2.46B | · | $2.48B | |
| Short-term Debt | $4.23B | $4.16B | $2.73B | $2.08B | $1.72B | $1.11B | $636M | $112M | $0 | $0 | · | $4.59B | $5.14B | $3.97B | · | $2.42B | |
| Current Liabilities | $9.87B | $8.47B | $7.62B | $7.47B | $7.45B | $6.95B | $6.09B | $5.14B | $4.79B | $5.03B | · | $16.08B | $14.44B | $14.73B | · | $13.67B | |
| Capital Leases | · | · | $178M | · | · | · | $177M | · | · | · | · | · | · | · | · | · | |
| Deferred Tax | $883M | $327M | $1.22B | $1.22B | $1.20B | $790M | $863M | $717M | $833M | $877M | · | $2.35B | $3.38B | $3.49B | · | $3.69B | |
| Other Non-current Liabilities | $1.89B | $1.92B | $1.69B | $1.58B | $1.68B | $1.37B | $1.44B | $1.43B | $1.35B | $1.33B | · | $1.48B | $1.89B | $1.85B | · | $1.93B | |
| Total Liabilities | $28.07B | $27.50B | $19.59B | $19.18B | $19.20B | $17.77B | $18.08B | $17.78B | $17.56B | $17.85B | · | $33.69B | $33.30B | $33.97B | · | $32.80B | |
| Long-term Debt | $16.95B | $16.89B | $10.35B | $10.93B | $11.19B | $10.91B | $10.65B | $10.81B | $11.16B | $11.19B | · | $14.06B | $14.37B | $16.04B | · | $16.49B | |
| Total Debt | $21.17B | $21.06B | · | $13.00B | $12.90B | $12.02B | · | $10.92B | $11.16B | $11.19B | · | $18.66B | $19.52B | $20.01B | · | $18.92B | |
| Common Stock | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | · | $6M | $6M | $6M | · | $6M | |
| Paid-in Capital | $47.50B | $47.44B | $47.32B | $47.27B | $47.23B | $47.17B | $47.13B | $47.08B | $47.02B | $46.97B | · | $46.90B | $46.85B | $46.80B | · | $46.73B | |
| Retained Earnings | $-20.58B | $-20.58B | $-22.72B | $-23.02B | $-23.07B | $-22.39B | $-22.26B | $-22.34B | $-22.30B | $-22.35B | · | $-22.81B | $-22.05B | $-15.14B | · | $2.67B | |
| Treasury Stock | $10.30B | $10.26B | $10.20B | $9.90B | $9.59B | $9.34B | $8.82B | $7.79B | $7.28B | $6.17B | · | $4.21B | $4.21B | $4.21B | · | $3.69B | |
| AOCI | $-587M | $-628M | $-504M | $-492M | $-399M | $-381M | $-364M | $-387M | $-413M | $-432M | · | $-408M | $-331M | $-364M | · | $-392M | |
| Stockholders' Equity | $16.04B | $15.98B | $13.90B | $13.86B | $14.17B | $15.06B | $15.70B | $16.57B | $17.04B | $18.02B | · | $19.48B | $20.27B | $27.10B | · | $45.33B | |
| Liabilities + Equity | $44.11B | $43.48B | $33.49B | $33.04B | $33.37B | $32.84B | $33.78B | $34.35B | $34.60B | $35.87B | · | $53.17B | $53.57B | $61.08B | · | $78.32B | |
| Shares Outstanding | 640,000,000 | 640,000,000 | 636,000,000 | 636,000,000 | 636,000,000 | 636,000,000 | 633,000,000 | 633,000,000 | 633,000,000 | 632,000,000 | 631,000,000 | 631,000,000 | 631,000,000 | 631,000,000 | 630,000,000 | 629,000,000 |
Cash Flow 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $665M | $628M | $467M | $479M | $481M | $456M | $447M | $431M | $431M | $428M | $421M | $-459M | $-7M | $447M | $-1.04B | $932M | |
| Stock-based Comp | $57M | $44M | $45M | $40M | $49M | $47M | $44M | $55M | $56M | $31M | $30M | $26M | $29M | $13M | $-9M | $53M | |
| Deferred Tax | $-8M | $-5M | $40M | $-29M | $-33M | $-9M | $-4M | $-82M | $-54M | $-64M | $-72M | $-166M | $-77M | $-10M | $131M | $-133M | |
| Amort. of Intangibles | $193M | $177M | $133M | $162M | $159M | $155M | $161M | $161M | $159M | $160M | $-45M | $170M | $171M | $171M | $-798M | $182M | |
| Other Non-cash | · | $-2.32B | · | · | · | $-114M | · | · | · | $-913M | · | · | · | $-382M | · | · | |
| Operating Cash Flow | $494M | $713M | $758M | $1.01B | $382M | $457M | $782M | $641M | $546M | $206M | $777M | $-418M | $135M | $291M | $-1.18B | $878M | |
| CapEx | $26M | $50M | $19M | $59M | $39M | $37M | $18M | $36M | $16M | $27M | $27M | $9M | $18M | $39M | $11M | $43M | |
| Investing Cash Flow | $-306M | $-8.17B | · | · | $-450M | $-1.68B | · | · | · | · | · | $-265M | $-298M | $-293M | · | $-39M | |
| Debt Issued | $26.30B | $35.99B | $17.27B | $13.40B | $12.27B | $12.49B | $9.65B | $2.33B | $0 | $13.44B | $28.65B | $20.69B | $23.52B | $20.23B | $25.29B | $19.22B | |
| Net Debt Issued | · | $8.01B | · | · | · | $459M | · | · | · | $-7.94B | · | · | · | $-349M | · | · | |
| Stock Repurchased | $52M | $67M | $293M | $308M | $287M | $537M | $1.01B | $510M | $1.18B | $1.34B | $506M | $1M | $1M | $14M | $548M | $1.01B | |
| Net Stock Activity | · | $-67M | · | · | · | $-537M | · | · | · | $-1.34B | · | · | · | $-14M | · | · | |
| Dividends Paid | $228M | $232M | $207M | $208M | $212M | $220M | $192M | $199M | $200M | $209M | $305M | $308M | $309M | $309M | $280M | $284M | |
| Financing Cash Flow | $-193M | $7.65B | · | · | $-85M | $-265M | · | · | · | · | · | $-961M | $-801M | $-896M | · | $-288M | |
| Net Change in Cash | $-10M | $180M | $28M | $-10M | $-224M | $-1.14B | $-579M | $-470M | $-1.17B | $-246M | $333M | $-280M | $19M | $-471M | $572M | $161M | |
| Taxes Paid | $379M | $60M | $190M | $27M | $330M | $81M | $82M | $71M | $234M | $101M | $72M | $61M | $212M | $57M | $299M | $341M | |
| Free Cash Flow | · | $663M | · | · | · | $420M | · | · | · | $179M | · | · | · | $584M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.8% | 33.6% | · | 37.8% | 36.4% | 34.7% | · | 38.0% | 38.2% | 37.1% | · | 38.8% | 41.6% | 38.2% | · | 40.4% | |
| Operating Margin | 15.0% | 12.8% | · | 16.8% | 15.6% | 13.7% | · | 19.1% | 15.2% | 14.6% | · | 19.1% | -168.6% | 9.6% | · | 12.8% | |
| Net Margin | 6.8% | 71.8% | · | 9.7% | -18.0% | 3.0% | · | 8.7% | 9.8% | 29.3% | · | -18.0% | -176.1% | 4.0% | · | 6.9% | |
| Pretax Margin | 8.7% | 7.9% | · | 13.8% | 5.3% | 9.1% | · | 15.1% | 12.9% | 5.3% | · | 13.5% | -174.1% | 5.4% | · | 9.6% | |
| EBITDA Margin | 34.7% | 31.9% | · | 34.4% | 34.0% | 31.7% | · | 19.1% | 15.2% | 32.0% | · | 19.1% | -168.6% | 35.1% | · | 12.8% | |
| ROA | 0.60% | 6.2% | · | 0.78% | -1.4% | 0.22% | · | 0.51% | 0.55% | 1.5% | · | -0.68% | -9.9% | 0.20% | · | 0.31% | |
| ROE | 1.5% | 15.2% | · | 1.7% | -3.0% | 0.47% | · | 1.2% | 1.3% | 3.2% | · | -1.4% | -19.8% | 0.38% | · | 0.54% | |
| ROIC | 1.1% | 0.67% | · | 1.3% | 1.4% | 0.83% | · | 1.3% | 0.97% | 0.99% | · | 0.97% | -16.1% | 0.53% | · | 0.53% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.6 | · | 0.5 | 0.6 | 0.6 | · | 1.2 | 1.3 | 1.5 | · | 0.8 | 0.7 | 0.7 | · | 0.8 | |
| Quick Ratio | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.3 | 0.4 | 0.7 | · | 0.1 | 0.4 | 0.4 | · | 0.4 | |
| Debt / Equity | 1.3 | 1.3 | · | 0.9 | 0.9 | 0.8 | · | 0.7 | 0.7 | 0.6 | · | 1.0 | 1.0 | 0.7 | · | 0.4 | |
| LT Debt / Equity | 1.0 | 1.1 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | 0.7 | 0.5 | · | 0.3 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.0 | 0.1 | 0.0 | · | 0.0 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | 1.0 | 1.1 | 1.0 | · | 1.1 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $12.20B | $11.44B | · | $10.46B | $10.32B | $10.19B | · | $10.04B | $9.96B | $9.90B | · | $9.85B | $9.77B | $9.75B | · | $10.70B | |
| Net Income TTM | $3.37B | $2.67B | · | $152M | $112M | $820M | · | $1.42B | $731M | $-6.10B | · | $-24.27B | $-23.56B | $-16.69B | · | $804M | |
| Market Cap | $24.88B | $30.02B | · | $41.94B | $51.78B | $47.50B | · | $53.01B | $47.70B | $46.88B | · | $34.88B | $34.52B | $34.28B | · | $47.53B | |
| Enterprise Value | $45.31B | $50.32B | · | $54.37B | $64.10B | $58.71B | · | $62.61B | $56.73B | $54.75B | · | $53.07B | $52.05B | $52.42B | · | $64.52B | |
| P/E | 8.4 | 10.8 | · | 412.1 | 904.6 | 33.8 | · | 33.8 | 58.4 | -7.2 | · | -4.9 | -5.5 | 41.5 | · | 57.2 | |
| P/S | 2.0 | 2.6 | · | 4.0 | 5.0 | 4.7 | · | 5.3 | 4.8 | 4.7 | · | 3.5 | 3.5 | 3.5 | · | 4.4 | |
| P/B | 1.6 | 1.9 | · | 3.0 | 3.7 | 3.2 | · | 3.2 | 2.8 | 2.6 | · | 1.8 | 1.7 | 1.3 | · | 1.0 | |
| P / Tangible Book | · | · | · | · | · | · | · | · | · | · | · | 48.5 | · | · | · | · | |
| P / Cash Flow | · | 42.1 | · | · | · | 103.9 | · | · | · | 227.6 | · | · | · | 54.2 | · | · | |
| P / FCF | · | 45.3 | · | · | · | 113.1 | · | · | · | 261.9 | · | · | · | 58.7 | · | · | |
| EV / EBITDA | 38.7 | 47.9 | · | 58.1 | 72.1 | 73.1 | · | 127.8 | 150.1 | 69.4 | · | 111.7 | -8.2 | 42.6 | · | 139.6 | |
| EV / FCF | · | 75.9 | · | · | · | 139.8 | · | · | · | 305.8 | · | · | · | 89.8 | · | · | |
| EV / Revenue | 3.7 | 4.4 | · | 5.2 | 6.2 | 5.8 | · | 6.2 | 5.7 | 5.5 | · | 5.4 | 5.3 | 5.4 | · | 6.0 | |
| Earnings Yield | 11.9% | 9.2% | · | 0.24% | 0.11% | 3.0% | · | 3.0% | 1.7% | -13.9% | · | -20.4% | -18.3% | 2.4% | · | 1.8% | |
| Payout Ratio | · | 9.8% | · | · | · | 285.7% | · | · | · | 28.9% | · | · | · | 220.7% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $10.68B | $10.13B | $9.83B | $9.72B | $9.34B |
| Gross Margin % | 36.9% | 37.6% | 37.4% | 39.3% | 37.4% |
| Operating Margin % | 16.3% | 16.9% | 14.9% | -110.9% | 7.6% |
| Net Income | $382M | $1.45B | $-6.66B | $-16.75B | $417M |
| Diluted EPS | $0.73 | $2.61 | $-11.26 | $-27.74 | $0.67 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.9 | 0.7 | 1.0 | 0.7 | 0.4 |
| Current Ratio | 0.6 | 0.9 | 0.8 | 0.8 | 0.7 |
| Quick Ratio | 0.1 | 0.1 | 0.1 | 0.4 | 0.4 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $2.45B | $2.08B | $4.19B | $3.67B | $4.49B |
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Institutional owners (13F) 968 filers · $13.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 92 (-46 vs prior Q) | 157 (+8 vs prior Q) | 316 (-65 vs prior Q) | 325 (+7 vs prior Q) | +91.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Dodge & Cox | $1,907,805,830 | 49,069,080 | 14.28% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,311,787,561 | 33,739,392 | 9.82% | Shares |
| STATE STREET CORP | $1,003,424,916 | 25,808,254 | 7.51% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $941,598,328 | 24,218,064 | 7.05% | Shares |
| Capital World Investors | $811,401,689 | 20,869,385 | 6.07% | Shares |
| Capital Research Global Investors | $704,374,966 | 18,116,664 | 5.27% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $486,851,305 | 12,576,738 | 3.64% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $432,919,016 | 11,134,748 | 3.24% | Shares |
| NORGES BANK | $307,261,175 | 7,902,808 | 2.30% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $289,887,924 | 7,533,470 | 2.17% | Shares |
| Longview Partners (Guernsey) LTD | $244,333,079 | 6,284,287 | 1.83% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $240,274,007 | 6,179,887 | 1.80% | Shares |
| GOLDMAN SACHS GROUP INC | $176,871,299 | 4,549,159 | 1.32% | Shares |
| RAYMOND JAMES FINANCIAL INC | $164,648,186 | 4,234,778 | 1.23% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $157,651,129 | 4,054,813 | 1.18% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $146,580,787 | 3,770,082 | 1.10% | Shares |
| LYRICAL ASSET MANAGEMENT LP | $142,463,863 | 3,664,194 | 1.07% | Shares |
| BlackRock, Inc. | $125,147,100 | 3,218,804 | 0.94% | Shares |
| BANK OF AMERICA CORP /DE/ | $114,896,076 | 2,955,146 | 0.86% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $112,870,973 | 2,903,060 | 0.84% | Shares |
| PRUDENTIAL FINANCIAL INC | $106,635,282 | 2,742,677 | 0.80% | Shares |
| FMR LLC | $86,905,626 | 2,235,227 | 0.65% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $86,637,743 | 2,228,337 | 0.65% | Shares |
| LONDON CO OF VIRGINIA | $79,747,214 | 2,051,108 | 0.60% | Shares |
| Qube Research & Technologies Ltd | $71,162,725 | 1,830,317 | 0.53% | Shares |
| PineBridge Investments, L.P. | $63,174,279 | 958,057 | 0.47% | Shares |
| FIRST TRUST ADVISORS LP | $60,925,179 | 1,567,011 | 0.46% | Shares |
| GMT Capital Corp | $57,981,744 | 1,491,300 | 0.43% | Shares |
| Swiss National Bank | $56,412,780 | 1,450,946 | 0.42% | Shares |
| CITADEL ADVISORS LLC | $53,468,048 | 1,375,207 | 0.40% | Shares |
| Point72 Asset Management, L.P. | $50,539,995 | 1,299,897 | 0.38% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $48,614,404 | 1,250,333 | 0.36% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $46,207,752 | 1,188,471 | 0.35% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $45,860,282 | 1,179,534 | 0.34% | Shares |
| Legal & General Group Plc | $45,735,709 | 1,176,330 | 0.34% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $45,697,141 | 1,175,338 | 0.34% | Shares |
| Vanguard Global Advisers, LLC | $45,442,283 | 1,168,783 | 0.34% | Shares |
| CIBC Bancorp USA Inc. | $43,917,055 | 1,127,925 | 0.33% | Shares |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | $42,398,873 | 1,090,506 | 0.32% | Shares |
| D. E. Shaw & Co., Inc. | $42,084,995 | 1,082,433 | 0.31% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $42,052,939 | 896,460 | 0.31% | Shares |
| ALGEBRIS (UK) LTD | $41,370,129 | 1,067,408 | 0.31% | Shares |
| Invenomic Capital Management LP | $41,236,167 | 1,060,601 | 0.31% | Shares |
| RHUMBLINE ADVISERS | $38,440,468 | 988,698 | 0.29% | Shares |
| HSBC HOLDINGS PLC | $37,429,504 | 962,693 | 0.28% | Shares |
| Nuveen Asset Management, LLC | $37,329,203 | 462,167 | 0.28% | Shares |
| California Public Employees Retirement System | $36,865,083 | 948,176 | 0.28% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $36,747,121 | 945,142 | 0.28% | Shares |
| Caisse de depot et placement du Quebec | $35,198,608 | 905,314 | 0.26% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $30,533,047 | 785,315 | 0.23% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $30,384,487 | 781,494 | 0.23% | Shares |
| PFA Pension, Forsikringsaktieselskab | $29,947,726 | 770,260 | 0.22% | Shares |
| BARCLAYS PLC | $29,523,800 | 759,357 | 0.22% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $26,664,293 | 685,810 | 0.20% | Shares |
| MANGROVE PARTNERS IM, LLC | $25,570,326 | 657,673 | 0.19% | Shares |
| BROWN ADVISORY INC | $24,670,498 | 634,529 | 0.18% | Shares |
| Pine Valley Investments Ltd Liability Co | $24,354,977 | 626,414 | 0.18% | Shares |
| ALLIANCEBERNSTEIN L.P. | $23,696,727 | 505,153 | 0.18% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $20,896,445 | 537,460 | 0.16% | Shares |
| Prana Capital Management, LP | $20,891,585 | 537,335 | 0.16% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $20,815,146 | 535,369 | 0.16% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $20,680,970 | 531,918 | 0.15% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $20,418,234 | 525,160 | 0.15% | Shares |
| MORGAN STANLEY | $19,975,494 | 513,773 | 0.15% | Shares |
| Boston Partners | $19,932,920 | 512,678 | 0.15% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $18,917,919 | 486,572 | 0.14% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $18,552,758 | 477,180 | 0.14% | Shares |
| Allianz Asset Management GmbH | $18,378,265 | 472,692 | 0.14% | Shares |
| AVIVA PLC | $17,779,124 | 457,282 | 0.13% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $17,640,439 | 453,715 | 0.13% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $17,572,024 | 264,400 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $17,227,223 | 443,087 | 0.13% | Shares |
| Squarepoint Ops LLC | $17,080,878 | 439,323 | 0.13% | Shares |
| Cannell & Spears LLC | $17,038,357 | 438,229 | 0.13% | Shares |
| VANGUARD GROUP INC | $16,952,816 | 255,083 | 0.13% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $16,877,029 | 437,569 | 0.13% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $16,678,665 | 428,978 | 0.12% | Shares |
| National Pension Service | $16,121,981 | 414,660 | 0.12% | Shares |
| Clarkston Capital Partners, LLC | $15,266,737 | 392,663 | 0.11% | Shares |
| Advisors Capital Management, LLC | $14,750,364 | 379,381 | 0.11% | Shares |
| ASSETMARK, INC | $14,741,335 | 379,150 | 0.11% | Shares |
| Gotham Asset Management, LLC | $14,442,559 | 371,465 | 0.11% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $14,398,236 | 370,325 | 0.11% | Shares |
| Swedbank AB | $14,192,910 | 365,044 | 0.11% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $14,161,824 | 361,295 | 0.11% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $14,131,309 | 301,243 | 0.11% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $14,009,940 | 360,334 | 0.10% | Shares |
| Federation des caisses Desjardins du Quebec | $13,276,392 | 341,471 | 0.10% | Shares |
| SEB Asset Management AB | $13,214,478 | 339,879 | 0.10% | Shares |
| Bridgewater Associates, LP | $12,932,110 | 332,616 | 0.10% | Shares |
| Pictet Asset Management Holding SA | $12,736,699 | 327,590 | 0.10% | Shares |
| CANTOR FITZGERALD INVESTMENT ADVISORS L.P. | $12,710,391 | 326,913 | 0.10% | Shares |
| TUDOR INVESTMENT CORP ET AL | $12,466,600 | 320,643 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $12,453,264 | 320,300 | 0.09% | Put option |
| APG Asset Management N.V. | $11,987,201 | 352,494 | 0.09% | Shares |
| LPL Financial LLC | $11,701,727 | 300,970 | 0.09% | Shares |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. | $11,605,524 | 298,496 | 0.09% | Shares |
| Assenagon Asset Management S.A. | $11,413,613 | 293,560 | 0.09% | Shares |
| Tejara Capital Ltd | $11,384,492 | 292,811 | 0.09% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $11,224,034 | 288,684 | 0.08% | Shares |
Company insiders 101 insiders · 56 officers · 38 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Stephanie Ferris | CEO and President | Feb. 28, 2026 F | 264,212 | 1 | 0 | $1,000,040 |
| Gary Norcross | Chairman and CEO | Nov. 7, 2022 F | 877,216 | 0 | 0 | $0 |
| Lee A Kennedy | President and CEO | Nov. 5, 2009 A | 522,986 | 0 | 0 | $0 |
| James Kehoe | EVP, Chief Financial Officer | Feb. 28, 2026 M | 133,002 | 0 | 0 | $0 |
| Erik D Hoag | CEVP Chief Financial Officer | Feb. 28, 2023 A | 19,887 | 0 | 0 | $0 |
| James W. Woodall | Corporate EVP - CFO | Nov. 7, 2022 F | 151,934 | 0 | 0 | $0 |
| Michael D Hayford | Corporate EVP & CFO | Dec. 18, 2012 M | 476,265 | 0 | 0 | $0 |
| George P Scanlon | EVP and CFO | Nov. 5, 2009 A | 54,936 | 0 | 0 | $0 |
| Jeffrey S Carbiener | EVP/CFO | July 2, 2008 D | 62,738 | 0 | 0 | $0 |
| Michael T Vollkommer | Corporate V-P and CFO | Jan. 31, 2006 M | 91,229 | 0 | 0 | $0 |
| Martin Boyd | President, Banking Solutions | June 10, 2022 S | 20,380 | 0 | 0 | $0 |
| LOWTHERS BRUCE F JR | President | Jan. 24, 2022 A | 75,261 | 0 | 0 | $0 |
| Mark L Heimbouch | President, Merchant Solutions | Dec. 31, 2019 F | 120,159 | 0 | 0 | $0 |
| Daniel T Scheuble | President of Subsidiary | July 2, 2008 D | 3,801 | 0 | 0 | $0 |
| SWENSON ERIC D | President - subsidiary company | July 2, 2008 D | 6,148 | 0 | 0 | $0 |
| Larry J Towe | President and COO | Jan. 3, 2006 A | 155,255 | 0 | 0 | $0 |
| Ido Gileadi | Chief Operating Officer | Nov. 2, 2023 M | 52,436 | 0 | 0 | $0 |
| Marianne Brown | Corporate EVP - COO | March 29, 2019 A | 92,973 | 0 | 0 | $0 |
| Anthony M Jabbour | Corp EVP - COO | Sept. 8, 2017 M | 182,689 | 0 | 0 | $0 |
| Firdaus Bhathena | Chief Product Technology Officer | Feb. 28, 2026 M | 32,349 | 0 | 0 | $0 |
| Robert Toohey | EVP, Chief People Officer | Feb. 28, 2026 A | 16,676 | 0 | 0 | $0 |
| Alexandra Dawn Brooks | EVP, Chief Accounting Officer | Feb. 28, 2026 M | 4,632 | 0 | 0 | $0 |
| Caroline Tsai | EVP, Chief Legal & Corporate Affairs Officer | Feb. 28, 2026 M | 66,142 | 0 | 0 | $0 |
| Lenore D Williams | CEVP, Chief People Officer | Nov. 15, 2024 S | 32,199 | 0 | 0 | $0 |
| Christopher A Thompson | Chief Accounting Officer | March 15, 2024 M | 20,633 | 0 | 0 | $0 |
| Thomas K Warren | Chief Accounting Officer | March 30, 2023 A | 8,985 | 0 | 0 | $0 |
| Gregory G Montana | CEVP - Chief Risk Officer | Nov. 7, 2022 F | 32,732 | 0 | 0 | $0 |
| Marc M Mayo | CEVP, Chief Legal Officer | Jan. 24, 2022 A | 48,367 | 0 | 0 | $0 |
| Asif Ramji | Chief Growth Officer | March 29, 2021 M | 11,764 | 0 | 0 | $0 |
| Kathleen T Thompson | CSVP, Chief Accounting Officer | March 29, 2019 A | 8,681 | 0 | 0 | $0 |
| Oates Michael P | Corp EVP- Chief Admin. Officer | May 5, 2017 M | 83,616 | 0 | 0 | $0 |
| Michael Nussbaum | Chief Accounting Officer | March 29, 2016 A | 3,478 | 0 | 0 | $0 |
| Paul Luc Robert Heyvaert | Corporate EVP | June 24, 2015 S | 111,667 | 0 | 0 | $0 |
| Peter Js Smith | Corp Sr VP & CAO | May 8, 2015 F | 16,977 | 0 | 0 | $0 |
| Kirk T Larsen | Corp EVP and Treasurer | Dec. 26, 2013 M | 38,863 | 0 | 0 | $0 |
| Gregory Schaffer | CorpExec VP Chief ISO | April 2, 2013 F | 9,919 | 0 | 0 | $0 |
| Michael L Gravelle | EVP, Legal | Feb. 28, 2013 F | 75,139 | 0 | 0 | $0 |
| Brent B Bickett | Corporate EVP, Corp. Finance | Nov. 5, 2012 F | 141,516 | 0 | 0 | $0 |
| Frank R Sanchez | Corp EVP, Strategic Solutions | Aug. 9, 2010 I | 333 | 0 | 0 | $0 |
| Ronald H Cook | EVP, Gen. Counsel & Corp.Sec. | Nov. 5, 2009 A | 38,500 | 0 | 0 | $0 |
| Francis K Chan | SVP/Chief Accounting Officer | July 2, 2008 D | 567 | 0 | 0 | $0 |
| Frederic C Parvey | EVP - Chief Info Officer | March 20, 2008 A | 8,332 | 0 | 0 | $0 |
| Michael A Sanchez | Executive Vice President | Jan. 16, 2007 M | 55,277 | 0 | 0 | $0 |
| Kelly D Feese | Senior Vice President | Dec. 22, 2006 A | 866 | 0 | 0 | $0 |
| Hugh R Harris | Executive Vice President | Nov. 10, 2006 M | 0 | 0 | 0 | $0 |
| Ernest Smith | Executive Vice President | Nov. 10, 2006 M | 15,467 | 0 | 0 | $0 |
| Alan L Stinson | Executive Vice President | Nov. 9, 2006 A | 109,613 | 0 | 0 | $0 |
| Peter T Sadowski | Executive Vice President | Nov. 9, 2006 A | 55,233 | 0 | 0 | $0 |
| Walter M Korchun | V-P, General Counsel & Sec. | Jan. 31, 2006 M | 46,678 | 0 | 0 | $0 |
| Gerald A Hines | Executive V-P - Global Develop | Jan. 31, 2006 M | 54,338 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 8 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| WPM, L.P., WPM GP, LLC, Warburg Pincus Private Equity IX, L.P., Warburg Pincus IX LLC, Warburg Pincus Partners LLC, Warburg Pincus & Co., Warburg Pincus LLC, Charles R. Kaye, Joseph P. Landy ×19 filings | March 13, 2013 | — | Initial filing | — | SEC |
| TPG Advisors III, Inc., TPG Advisors IV, Inc., David Bonderman, James G. Coulter ×2 filings | Sept. 7, 2007 | — | Initial filing | — | SEC |
| Fidelity National Information Services, Inc., Fidelity Information Services, Inc. | May 18, 2007 | — | Initial filing | — | SEC |
| Fidelity National Information Services, Inc, Fidelity Information Services, Inc. | May 10, 2007 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 28, 2006 | — | Initial filing | Capital structure | SEC |
| Fidelity National Financial, Inc., Chicago Title Insurance Company, Fidelity National Title Insurance Company ×3 filings | June 30, 2006 | — | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 8, 2006 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Feb. 7, 2006 | — | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 186 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FINX · Global X Funds | 3.73% | 169,601 NS | May 31, 2026 | N-PORT |
| POWA · Invesco Exchange-Traded Self-Indexe… | 1.87% | 80,049 SH | Aug. 8, 2026 | Daily |
| SOVF · Elevation Series Trust | 1.85% | 37,433 NS | April 30, 2026 | N-PORT |
| RSPF · Invesco Exchange-Traded Fund Trust | 1.30% | 93,932 SH | Aug. 8, 2026 | Daily |
| COMT · iShares U.S. ETF Trust | 1.24% | 14,730,000 SH | Aug. 8, 2026 | Daily |
| JDIV · J.P. Morgan Exchange-Traded Fund Tr… | 1.11% | 2,675 NS | April 30, 2026 | N-PORT |
| MMID · MFS Active Exchange Traded Funds Tr… | 0.93% | 7,358 NS | May 31, 2026 | N-PORT |
| NUDV · Nushares ETF Trust | 0.84% | 8,202 NS | April 30, 2026 | N-PORT |
| DTEC · ALPS ETF Trust | 0.78% | 13,535 NS | May 31, 2026 | N-PORT |
| NULV · Nushares ETF Trust | 0.68% | 302,114 NS | April 30, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.65% | 19,007,000 | Aug. 8, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.64% | 22,771,000 | Aug. 8, 2026 | Daily |
| FXR · First Trust Exchange-Traded AlphaDE… | 0.64% | 95,284 NS | April 30, 2026 | N-PORT |
| ABCS · EA Series Trust | 0.60% | 1,581 NS | May 29, 2026 | N-PORT |
| CGCV · Capital Group Conservative Equity E… | 0.59% | 239,854 NS | May 31, 2026 | N-PORT |
| CGUS · Capital Group Core Equity ETF | 0.56% | 1,414,041 NS | May 31, 2026 | N-PORT |
| GSY · Invesco Actively Managed Exchange-T… | 0.52% | 20,000,000 | Aug. 8, 2026 | Daily |
| QDEF · FlexShares Trust | 0.51% | 58,017 NS | April 30, 2026 | N-PORT |
| QDF · FlexShares Trust | 0.51% | 232,650 NS | April 30, 2026 | N-PORT |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.50% | 140,523 NS | April 30, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.35% | 3,320,268 SH | Aug. 8, 2026 | Daily |
| WLDR · Two Roads Shared Trust | 0.34% | 5,276 NS | April 30, 2026 | N-PORT |
| IMCV · iShares Trust | 0.31% | 82,685 SH | Aug. 8, 2026 | Daily |
| JGLO · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 464,902 NS | April 30, 2026 | N-PORT |
| REVS · Columbia ETF Trust I | 0.30% | 18,169 NS | April 30, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.29% | 137,128 NS | April 30, 2026 | N-PORT |
| FHEQ · Fidelity Greenwood Street Trust | 0.27% | 47,661 NS | April 30, 2026 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.27% | 228,902 NS | April 30, 2026 | N-PORT |
| IETC · iShares U.S. ETF Trust | 0.26% | 43,194 SH | Aug. 8, 2026 | Daily |
| IYJ · iShares Trust | 0.26% | 117,568 SH | Aug. 8, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.25% | 7,435 NS | April 30, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.24% | 78,564 NS | April 30, 2026 | N-PORT |
| FAS · Direxion Shares ETF Trust | 0.23% | 99,075 NS | April 30, 2026 | N-PORT |
| VFH · VANGUARD WORLD FUND | 0.23% | 838,263 SH | Aug. 8, 2026 | Daily |
| DFVE · DoubleLine ETF Trust | 0.23% | 1,335 NS | March 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.22% | 279,722 NS | April 30, 2026 | N-PORT |
| IWS · iShares Trust | 0.21% | 781,515 SH | Aug. 8, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.21% | 4,758,195 SH | Aug. 8, 2026 | Daily |
| JOYT · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 3,728 NS | April 30, 2026 | N-PORT |
| UYG · ProShares Trust | 0.20% | 31,924 NS | May 31, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.19% | 230,000 | Aug. 8, 2026 | Daily |
| VRIG · Invesco Actively Managed Exchange-T… | 0.19% | 3,500,000 | Aug. 8, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.19% | 11,201,989 SH | Aug. 8, 2026 | Daily |
| GSEW · Goldman Sachs ETF Trust | 0.18% | 74,629 NS | May 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.18% | 18,474 SH | Aug. 8, 2026 | Daily |
| EUSA · iShares, Inc. | 0.17% | 77,952 SH | Aug. 8, 2026 | Daily |
| FBUF · Fidelity Greenwood Street Trust | 0.17% | 669 NS | April 30, 2026 | N-PORT |
| IWR · iShares Trust | 0.16% | 2,106,802 SH | Aug. 8, 2026 | Daily |
| LCOW · Pacer Funds Trust | 0.16% | 776 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.15% | 7,549 NS | May 31, 2026 | N-PORT |