v3.26.1
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expenses The following table summarizes stock-based compensation expense included in our Consolidated Statements of Operations:
 Fiscal Year Ended March 31,
202620252024
Cost of revenue$(27.9)$9.4 $24.4 
Selling and marketing95.3 92.4 95.3 
Research and development
88.9 99.0 104.4 
General and administrative
149.0 123.2 111.5 
Stock-based compensation expense before income taxes305.3 324.0 335.6 
(Benefit from) provision for for income taxes2.8 (6.5)(12.2)
Stock-based compensation expense, net of income tax benefit308.1 317.5 323.4 
Capitalized stock-based compensation expense$98.0 $81.4 $85.4 
Schedule of Restricted Stock Awarded Activity to Zelnickmedia In connection with the 2022 Management Agreement and the 2017 Management Agreement, we granted restricted stock units (in thousands) to ZMC (see Note 3 - Management Agreement) as follows:
Fiscal Year Ended March 31,
20262025
Time-based74 102 
Market-based(1)
224 311 
Performance-based(1)
75 104 
Total Restricted Stock Units373 517 
(1) Represents the maximum number of shares eligible to vest.
Schedule of Activity in Non-Vested Restricted Stock Awards to Employees and Zelnickmedia The following table summarizes the activity in non-vested restricted stock units to employees and ZMC under our stock-based compensation plans with time-based restricted stock awards presented at 100% of target number of shares that may potentially vest:
Shares (in millions)Weighted Average Fair Value on Grant Date
Non-vested restricted stock units at March 31, 20253.7 $144.18 
Granted1.2 227.42 
Vested(1.7)141.44 
Forfeited(0.3)151.17 
Non-vested restricted stock units at March 31, 20262.9 )$181.05 
The following table summarizes the activity in non-vested restricted stock units to employees and ZMC under our stock-based compensation plans with market-based restricted stock awards presented at 100% of target number of shares that may potentially vest:
Shares (in millions)Weighted Average Fair Value on Grant Date
Non-vested restricted stock units at March 31, 20251.2 $194.30 
Granted0.6 234.44 
Vested(0.7)175.94 
Forfeited— 229.37 
Non-vested restricted stock units at March 31, 20261.1 )$231.70 
The following table summarizes the activity in non-vested restricted stock units to employees and ZMC under our stock-based compensation plans with performance restricted stock awards presented at 100% of target number of shares that may potentially vest:
Shares (in millions)Weighted Average Fair Value on Grant Date
Non-vested restricted stock units at March 31, 20253.9 $115.40 
Granted1.0 225.82 
Vested(0.1)126.25 
Forfeited(0.7)212.55 
Non-vested restricted stock units at March 31, 20264.1 )$125.05 
Schedule of Weighted-Average Assumptions Used to Value Outstanding Market-Based Restricted Shares The following table summarizes the weighted-average assumptions used in the Monte Carlo Simulation to estimate the fair value of market-based awards:
Fiscal Year Ended March 31,
202620252024
Employee Market- BasedNon- Employee Market-BasedEmployee Market- BasedNon- Employee Market-BasedEmployee Market- BasedNon- Employee Market-Based
Risk- free interest rate3.8 %3.9 %4.7 %4.6 %4.0 %4.0 %
Expected stock price volatility31.0 %31.0 %34.1 %34.1 %36.6 %36.6 %
Expected service period (years)2.82.82.82.82.82.8
DividendsNoneNoneNoneNoneNoneNone
Schedule of Fair Value Measurement and Valuation Techniques The following table summarizes the assumptions used in the Black-Scholes valuation model to value our purchase rights:
 Fiscal Year Ended March 31,
20262025
Risk-free interest rate
3.8-4.2%
4.4-5.4%
Expected stock price volatility
24.9-34.5%
23.6-25.1%
Expected service period (years)0.50.5
DividendsNoneNone