v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Balance, shares at Dec. 31, 2024   767.0      
Balance, beginning of period at Dec. 31, 2024 $ 1,493.8 $ 0.8 $ 1,636.2 $ (26.1) $ (117.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock in connection with equity incentive plans - net of tax withholding (in shares)   3.2      
Issuance of common stock in connection with equity incentive plans - net of tax withholding (45.6)   (45.6)    
Repurchase and retirement of common stock (in shares)   (4.6)      
Repurchase and retirement of common stock (401.1)   (9.1)   (392.0)
Excise tax on net stock repurchases (0.8)   (0.8)    
Stock-based compensation expense 135.2   135.2    
Net unrealized loss on investments - net of tax (0.5)     (0.5)  
Foreign currency translation adjustment 5.9     5.9  
Net income 873.5       873.5
Balance, shares at Jun. 30, 2025   765.6      
Balance, end of period at Jun. 30, 2025 2,060.4 $ 0.8 1,715.9 (20.7) 364.4
Balance, shares at Mar. 31, 2025   769.2      
Balance, beginning of period at Mar. 31, 2025 1,962.9 $ 0.8 1,668.7 (22.9) 316.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock in connection with equity incentive plans - net of tax withholding (in shares)   1.0      
Issuance of common stock in connection with equity incentive plans - net of tax withholding (12.0)   (12.0)    
Repurchase and retirement of common stock (in shares)   (4.6)      
Repurchase and retirement of common stock (401.1)   (9.1)   (392.0)
Excise tax on net stock repurchases (0.8)   (0.8)    
Stock-based compensation expense 69.1   69.1    
Net unrealized loss on investments - net of tax (0.3)     (0.3)  
Foreign currency translation adjustment 2.5     2.5  
Net income 440.1       440.1
Balance, shares at Jun. 30, 2025   765.6      
Balance, end of period at Jun. 30, 2025 2,060.4 $ 0.8 1,715.9 (20.7) 364.4
Balance, shares at Dec. 31, 2025   743.0      
Balance, beginning of period at Dec. 31, 2025 1,237.5 $ 0.7 1,770.1 (25.4) (507.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock in connection with equity incentive plans - net of tax withholding (in shares)   3.1      
Issuance of common stock in connection with equity incentive plans - net of tax withholding 3.9   3.9    
Repurchase and retirement of common stock (in shares)   (12.5)      
Repurchase and retirement of common stock (972.8)   (23.2)   (949.6)
Excise tax on net stock repurchases (6.7)   (6.7)    
Stock-based compensation expense 151.8   151.8    
Net unrealized loss on investments - net of tax (3.4)     (3.4)  
Net income 1,140.8       1,140.8
Balance, shares at Jun. 30, 2026   733.6      
Balance, end of period at Jun. 30, 2026 1,551.1 $ 0.7 1,895.9 (28.8) (316.7)
Balance, shares at Mar. 31, 2026   734.0      
Balance, beginning of period at Mar. 31, 2026 989.7 $ 0.7 1,798.7 (27.7) (782.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock in connection with equity incentive plans - net of tax withholding (in shares)   1.5      
Issuance of common stock in connection with equity incentive plans - net of tax withholding 22.5   22.5    
Repurchase and retirement of common stock (in shares)   (1.9)      
Repurchase and retirement of common stock (145.9)   (4.9)   (141.0)
Excise tax on net stock repurchases (0.3)   (0.3)    
Stock-based compensation expense 79.3   79.3    
Net unrealized loss on investments - net of tax (1.1)     (1.1)  
Net income 606.3       606.3
Balance, shares at Jun. 30, 2026   733.6      
Balance, end of period at Jun. 30, 2026 $ 1,551.1 $ 0.7 $ 1,895.9 $ (28.8) $ (316.7)