v3.25.4
Share-Based Awards (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Award Activity
The following table summarizes option award activity for the year ended December 31, 2025:
Number
of Shares
Subject to
Existing
Options (in thousands)		Weighted-
Average
Exercise
Price Per
Share
Weighted-
Average
Remaining
Contractual
Life (in years)
Aggregate
Intrinsic
Value
(in millions)
Outstanding at January 1, 202529,941 $46.58 6.3$861 
Granted2,344 76.31 
Exercised(4,466)41.80 
Forfeited or cancelled(516)53.40 
Outstanding at December 31, 202527,303 49.79 5.7565 
Vested and exercisable at December 31, 202521,746 47.53 5.1496 
Schedule of Fair Value of Options Granted, Estimated at Date of Grant Using Black Scholes Merton Option Pricing Model
The following assumptions were used to determine the fair value of option awards granted for the periods presented:
Year Ended December 31,
202520242023
Expected volatility
53% – 60%
57% – 61%
55% – 62%
Risk-free interest rate
3.73% – 4.17%
3.74% – 4.50%
3.75% – 4.36%
Weighted-average expected life
5.3 – 6.8 years
5.5 – 6.8 years
5.3– 6.5 years
Weighted-average fair value of options granted$43.20$32.22$24.43
Schedule of Restricted Stock Units Activity
The following table summarizes activity for all restricted stock units for the year ended December 31, 2025:
Restricted
Stock Units (in thousands)		Weighted-
Average Grant-
Date Fair
Value
Unvested outstanding at January 1, 202511,729 $50.31 
Granted4,734 76.09 
Vested(6,088)51.82 
Forfeited(1,056)55.50 
Unvested outstanding at December 31, 20259,319 61.83 
Schedule of Effects of Share Based Compensation in Consolidated Statements of Operations
The following table presents the effects of share-based compensation expense in our consolidated statements of operations during the periods presented (in millions):
Year Ended December 31,
202520242023
Cost of revenue$11 $14 $16 
Sales and marketing72 77 70 
Technology and development160 165 166 
General and administrative147 192 199 
Total share-based compensation$390 $448 $451