v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Components of Stock-Based Compensation Expenses
The following table summarizes the components of stock-based compensation expense recognized in the Company’s condensed consolidated statements of income for the periods indicated:
Three Months Ended
March 31,
20262025
Cost of revenues (exclusive of depreciation and amortization)$22,853 $23,923 
Selling, general and administrative expenses27,066 24,533 
Total$49,919 $48,456 
Schedule of Service-Based Awards Activity
The table below summarizes activity related to the Company’s equity-classified and liability-classified service-based awards for the three months ended March 31, 2026:
Equity-Classified
Equity-Settled
Restricted Stock Units
Liability-Classified
Cash-Settled
Restricted Stock Units
 
Number of
Shares 
Weighted Average Grant Date
Fair Value Per Share 
Number of
Shares 
Weighted Average Grant Date
Fair Value Per Share 
Unvested service-based awards outstanding at January 1, 2026
1,467 $230.75 106 $238.64 
Awards granted1,114 $137.30 83 $137.14 
Awards modified(5)$224.44 $141.00 
Awards vested(435)$245.19 (42)$250.04 
Awards forfeited/cancelled(21)$223.24 (1)$244.80 
Unvested service-based awards outstanding at March 31, 2026
2,120 $178.76 151 $176.97 
Schedule of Performance-Based Awards Activity
The table below summarizes activity related to the Company’s performance-based awards for the three months ended March 31, 2026:
Equity-Classified
Equity-Settled
Restricted Stock Units
 
Number of
Shares 
Weighted Average Grant Date
Fair Value Per Share 
Unvested performance-based awards outstanding at January 1, 2026
138 $240.97 
Awards granted122 $127.45 
Awards vested(4)$269.87 
Awards forfeited/cancelled(15)$231.48 
Unvested performance-based awards outstanding at March 31, 2026
241 $183.76 
Schedule of Stock Options Activity
Stock option activity under the Company’s plans is set forth below:
 Number of
Options 
Weighted Average
Exercise Price 
Aggregate
Intrinsic Value 
Weighted Average
Remaining Contractual Term (in years)
Options outstanding at January 1, 2026
701 $212.59 
Options exercised(56)$72.37 
Options expired(8)$296.62 
Options outstanding at March 31, 2026
637 $223.77 $5,872 4.5
Options vested and exercisable as of March 31, 2026
580 $216.40 $5,872 4.2
Options expected to vest as of March 31, 2026
55 $298.55 $— 7.5