v3.26.1
Revenue Recognition
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Disaggregation of Revenue

The following table presents our revenue disaggregated by major product and service lines (in millions):
Three Months EndedSix Months Ended
June 30,
2026
June 30,
2025
June 30,
2026
June 30,
2025
Product$773.0 $508.9 $1,418.1 $968.0 
Service:
Security subscription729.7 644.4 1,423.7 1,267.5 
Technical support and other545.2 476.7 1,055.7 934.2 
Total service revenue1,274.9 1,121.1 2,479.4 2,201.7 
Total revenue$2,047.9 $1,630.0 $3,897.5 $3,169.7 

Deferred Revenue

During the three and six months ended June 30, 2026, we recognized $996.9 million and $2.09 billion in revenue that was included in the deferred revenue balance as of December 31, 2025, respectively. During the three and six months ended June 30, 2025, we recognized $876.8 million and $1.85 billion in revenue that was included in the deferred revenue balance as of December 31, 2024, respectively.

Transaction Price Allocated to the Remaining Performance Obligations

As of June 30, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was $7.73 billion, which was substantially comprised of deferred security subscription and technical support services revenue as well as unbilled contract revenue from non-cancellable contracts that will be recognized in future periods. We expect to recognize approximately $3.86 billion as revenue over the next 12 months, $3.08 billion in years two and three, and the remainder thereafter.

Deferred Contract Costs
    
Amortization of deferred contract costs, primarily consisting of sales commissions earned by our sales force, was $96.7 million and $82.0 million during the three months ended June 30, 2026 and 2025, respectively, and $190.9 million and $160.0 million during the six months ended June 30, 2026 and 2025, respectively.