| Schedule of Activity Related to Stock Options |
The following table summarizes the activities related to the Company’s stock options: | | | | | | | | | | | | | | | | | Options Outstanding | | | | | | Number of
Shares | | Weighted-
Average
Exercise Price
(per share) | | | | | | Balances as of December 31, 2025 | 127,679,804 | | | $ | 36.07 | | | | | | Granted | 1,893,388 | | | 89.73 | | | | | Exercised | (3,784,575) | | | 13.66 | | | | | | Expired | (23,270) | | | 9.82 | | | | | | | Balances as of March 31, 2026 | 125,765,347 | | | $ | 37.56 | | | | | | | Vested and exercisable as of March 31, 2026 | 125,765,347 | | | $ | 37.56 | | | | | |
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| Schedule of Unvested RSUs and PSUs |
The following table summarizes the activities related to the Company’s unvested RSUs and PSUs: | | | | | | | | | | | | | Unvested Restricted Stock Units | | Number of
Shares | | Weighted-
Average
Grant-Date Fair Value
(per share) | | Balances as of December 31, 2025 | 1,585,260 | | | $ | 98.68 | | Granted(1) | 1,245,383 | | | 82.91 | Vested(1) | (673,360) | | | 79.43 | | Forfeited | — | | | — | | | Balances as of March 31, 2026 | 2,157,283 | | | $ | 95.59 | |
(1) Amounts include 264,300 PSU awards that were granted and 528,600 PSU awards that vested based on the achievement of market-based performance targets during the performance period ended December 31, 2025, but were settled in the first quarter of 2026.
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| Schedule of Changes in Accumulated Other Comprehensive Income (Loss) |
The following tables summarize the changes in accumulated balances of other comprehensive income (loss) for the three months ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation
Adjustments | | Net Investment Hedge Gains (Losses) | | Change in Unrealized Gains (Losses) on Cash Flow Hedges | | Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges | | Change in Unrealized Gains (Losses)
on AFS Securities | | Tax (Expense) Benefit | | Total | | (in thousands) | | Balances as of December 31, 2025 | $ | (193,615) | | | $ | (112,256) | | | $ | (389,289) | | | $ | (3,565) | | | $ | — | | | $ | 118,343 | | | $ | (580,382) | | Other comprehensive income (loss) before reclassifications | (80,940) | | | 36,503 | | | 385,230 | | | (12,094) | | | — | | | (94,723) | | | 233,976 | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | — | | | 131,613 | | | 13,263 | | | — | | | (33,501) | | | 111,375 | | | Net change in accumulated other comprehensive income (loss) | (80,940) | | | 36,503 | | | 516,843 | | | 1,169 | | | — | | | (128,224) | | | 345,351 | | | Balances as of March 31, 2026 | $ | (274,555) | | | $ | (75,753) | | | $ | 127,554 | | | $ | (2,396) | | | $ | — | | | $ | (9,881) | | | $ | (235,031) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation
Adjustments | | Net Investment Hedge Gains (Losses) | | Change in Unrealized Gains (Losses) on Cash Flow Hedges | | Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges | | Change in Unrealized Gains (Losses)
on AFS Securities | | Tax (Expense) Benefit | | Total | | (in thousands) | | Balances as of December 31, 2024 | $ | (376,833) | | | $ | 32,400 | | | $ | 914,369 | | | $ | 9,233 | | | $ | 3,260 | | | $ | (220,267) | | | $ | 362,162 | | Other comprehensive income (loss) before reclassifications | 91,276 | | | (44,600) | | | (486,967) | | | (18,031) | | | (2,232) | | | 126,687 | | | (333,867) | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | — | | | (162,457) | | | 14,569 | | | (121) | | | 33,979 | | | (114,030) | | | Net change in accumulated other comprehensive income (loss) | 91,276 | | | (44,600) | | | (649,424) | | | (3,462) | | | (2,353) | | | 160,666 | | | (447,897) | | | Balances as of March 31, 2025 | $ | (285,557) | | | $ | (12,200) | | | $ | 264,945 | | | $ | 5,771 | | | $ | 907 | | | $ | (59,601) | | | $ | (85,735) | |
The following tables summarize the amounts reclassified from AOCI to the Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | March 31, 2026 | | | | | | Revenues | | Cost of Revenues | | Interest and Other Income (Expense) | | Provision for Income Taxes | | Total Reclassifications | | | | | | (in thousands) | | Gains (losses) on available-for-sale securities | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | Gains (losses) on derivatives in cash flow hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | (132,517) | | | 904 | | | — | | | 30,434 | | | (101,179) | | | | | | | Gains (losses) on derivatives in fair value hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | — | | | — | | | (13,263) | | | 3,067 | | | (10,196) | | | | | | | Total | $ | (132,517) | | | $ | 904 | | | $ | (13,263) | | | $ | 33,501 | | | $ | (111,375) | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | March 31, 2025 | | | | | | Revenues | | Cost of Revenues | | Interest and Other Income (Expense) | | Provision for Income Taxes | | Total Reclassifications | | | | | | (in thousands) | | Gains (losses) on available-for-sale securities | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | $ | — | | | $ | — | | | $ | 121 | | | $ | (28) | | | $ | 93 | | | | | | | Gains (losses) on derivatives in cash flow hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | 164,796 | | | (2,339) | | | — | | | (37,296) | | | 125,161 | | | | | | | Gains (losses) on derivatives in fair value hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | — | | | — | | | (14,569) | | | 3,345 | | | (11,224) | | | | | | | Total | $ | 164,796 | | | $ | (2,339) | | | $ | (14,448) | | | $ | (33,979) | | | $ | 114,030 | | | | | |
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