Models

Source: Visible Alpha consensus via S&P Xpressfeed · Consensus as of 2026-07-16 · generated 2026-07-20.

Model trust

The freshest revisions land in mid-July 2026, so the set is current rather than stale, though some line items still carry older revision dates and are treated as such.

Base currency: USD · VA scales normalized from Abs, K, M; item currencies and units retained · Coverage depth and vintage; broker count is the maximum represented.

Brokers	Line items	Last revision
19	328	2026-07-16

Operating KPIs

Base currency: USD · VA scales normalized from Abs, K, M; item currencies and units retained · FY-1A / FY0E / FY+1E; broker count shown per KPI.

Operating KPI	Source	FY-1A	FY0E	FY+1E	Brokers
Accounts payable and accrued expenses	CD	—	42,833.51bn Amount	42,456.13bn Amount	17
Accounts receivable	CD	—	126,831.33bn Amount	142,423.65bn Amount	17
Analyst FCF	CD	—	310,777.34bn Amount	290,654.14bn Amount	17
Capitalized internal use software	CD	—	8,690.48bn Amount	9,020.97bn Amount	17
Changes in working capital	CD	—	-19,481.86bn Amount	-9,155.54bn Amount	17
D&A	CD	—	12,211.61bn Amount	13,373.74bn Amount	17
Deferred revenue current	CD	—	87,769.83bn Amount	112,846.35bn Amount	17
Depreciation and amortization	CD	—	13,396.48bn Amount	14,230.71bn Amount	17
Net earnings/(loss)	CD	—	214,601.36bn Amount	153,565.74bn Amount	17
Nonoperating income/(expense)	CD	—	32,941.16bn Amount	32,145.64bn Amount	17
Other revenue	CD	—	35,764.86bn Amount	39,242.81bn Amount	17
Prepaid expenses and other current assets	CD	—	73,325.10bn Amount	50,104.07bn Amount	17

P&L bridge

Gross margin eases from roughly 91% toward 88% over the horizon.

Base currency: USD · VA scales normalized from Abs, K, M; item currencies and units retained · Margins are derived against revenue; YoY compares adjacent fiscal columns; broker count shown per line.

P&L line	FY-1A	FY0E	FY+1E	Brokers
Revenue	—	643,414.55bn Amount	672,216.11bn Amount (4.5% YoY)	19
Gross Profit	—	584,619.53bn Amount (90.9% margin)	592,893.43bn Amount (88.2% margin; 1.4% YoY)	19
Ebitda	—	356,290.35bn Amount (55.4% margin)	331,470.70bn Amount (49.3% margin; -7.0% YoY)	19
Operating Income	—	341,420.23bn Amount (53.1% margin)	313,297.37bn Amount (46.6% margin; -8.2% YoY)	19
Net Income	—	297,911.72bn Amount (46.3% margin)	263,296.01bn Amount (39.2% margin; -11.6% YoY)	19
Eps	—	1.49 Amount	1.35 Amount (-9.1% YoY)	19

Consensus dispersion

Base currency: USD · VA scales normalized from Abs, K, M; item currencies and units retained · Top high-low spreads relative to absolute mean; requires at least 3 brokers.

Line item	Period	Mean	Min	Q1	Q3	Max	Spread / mean	Brokers
Changes in working capital	FY-2028	574.35bn Amount	-26,068.31bn Amount	-10,847.18bn Amount	7,262.29bn Amount	37,425.92bn Amount	11055.0%	14
Changes in working capital	1QFY-2028	-5,133.41bn Amount	-97,108.78bn Amount	-8,969.61bn Amount	6,465.87bn Amount	30,856.57bn Amount	2492.8%	10
Changes in working capital	FY-2027	-9,155.54bn Amount	-126,404.61bn Amount	-18,672.77bn Amount	5,523.00bn Amount	78,183.58bn Amount	2234.6%	16
Changes in working capital	1QFY-2027	-9,129.11bn Amount	-131,637.81bn Amount	-18,081.79bn Amount	12,020.29bn Amount	52,584.55bn Amount	2018.0%	12
Changes in working capital	FY-2026	-19,481.86bn Amount	-124,941.42bn Amount	-36,309.29bn Amount	-6,047.10bn Amount	64,249.04bn Amount	971.1%	17
Changes in working capital	2QFY-2026	5,617.19bn Amount	-15,264.00bn Amount	-6,190.07bn Amount	17,621.50bn Amount	33,124.20bn Amount	861.4%	12

Quarterly path

Base currency: USD · VA scales normalized from Abs, K, M; item currencies and units retained · Next four supplied quarters; final column is maximum broker coverage in the row.

Quarter	Accounts payable and accrued expenses	Accounts receivable	Analyst FCF	Capitalized internal use software	Changes in working capital	Total revenue	EPS Diluted, Applicable to common stockholders($)	Broker coverage
2QFY-2027	40,793.26bn Amount	141,147.16bn Amount	68,184.05bn Amount	2,181.78bn Amount	-9,306.26bn Amount	170,847.97bn Amount	0.36 Amount	18
3QFY-2027	52,848.48bn Amount	156,422.09bn Amount	75,508.82bn Amount	2,276.08bn Amount	-15,007.58bn Amount	192,300.08bn Amount	0.42 Amount	18
4QFY-2027	40,047.57bn Amount	139,254.44bn Amount	91,664.93bn Amount	2,003.58bn Amount	28,421.83bn Amount	155,674.46bn Amount	0.29 Amount	18
1QFY-2028	42,520.64bn Amount	143,241.54bn Amount	65,267.30bn Amount	2,231.36bn Amount	-5,133.41bn Amount	160,472.23bn Amount	0.33 Amount	12

357 stale period values omitted; 4 line items fully removed.