Income Tax Provision |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Tax Provision | Income Tax Provision We had an effective income tax rate of 22.5% and 23.1% for the three and six months ended June 30, 2026, compared to 17.4% and 16.2% for the three and six months ended June 30, 2025. The increase in the effective tax rate for the three and six months ended June 30, 2026, as compared to the prior period, is primarily due to decreases in excess tax benefits related to share-based compensation, partially offset by a nontaxable gain on remeasurement of equity investment. The effective income tax rates for the periods presented are different from the statutory United States federal income tax rate of 21% primarily due to state income taxes, liabilities for uncertain tax positions, and non-deductible business expenses, partially offset by excess tax benefits related to share-based compensation, research tax credits, and a nontaxable gain on remeasurement of equity investment. We made income tax payments, net of refunds, of $16.5 million and $46.3 million in the six months ended June 30, 2026, and 2025, respectively.
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