Refer to Note 11 to the consolidated financial statements included in Part II, Item 8 of our 2025 Form 10-K for a detailed description of the Company's stock-based compensation awards, including information related to vesting terms, service, performance, and market conditions.


	Six Months Ended June 30,				Three Months Ended June 30,
	2026		2025		2026		2025
Classified as compensation and benefits expenses:
Stock options and RSUs	$	125	$	111	$	65	$	57
ESPP	8		8		4		4
Capitalized as software development costs	(15)		(13)		(8)		(7)
Total	$	118	$	106	$	61	$	54
Classified as acquisition-related transaction and integration costs	27		9		6		4
Total non-cash compensation expense	$	145	$	115	$	67	$	58


Award Type	Number of units (in thousands)	Weighted average grant date fair value
Service condition RSUs	985	$	164.25
One-year EBITDA PSUs	277	$	164.81
Year-three EBITDA PSUs	120	$	164.81
TSR-based PSUs	93	$	228.86
Total	1,475	$	168.48

As of June 30, 2026, our best estimate is that the financial performance level will be above target for the one-year EBITDA PSUs granted in 2026, the year-three EBITDA PSUs granted in 2024, and our deal incentive PSUs granted in October 2023. Our best estimate for the year-three EBITDA PSUs granted in 2025 and 2026 remains at target.

During 2026, the Company entered into revised employment agreements with executive officers which included, among other changes, a retirement termination provision. If the retirement termination requirements are met, upon a qualified retirement, the executive officer will be entitled to any outstanding equity awards granted after February 1, 2026 and more than twelve months prior to the qualified retirement termination date, and the underlying shares will be delivered on the award's originally scheduled vesting dates with performance and market condition RSUs settled based on actual results in accordance with their terms. This retirement termination provision will result in accelerated recognition of compensation expense for awards granted to officers who meet the retirement termination requirements or will meet the requirements during the awards' explicit vesting period. We recognize compensation cost over the requisite service period which is the period from the grant date to when the officer becomes eligible for the retirement termination provision and has provided twelve months of service beyond the award grant date as described above.

There have been no material changes to our ESPP during the six months ended June 30, 2026. For a full description of the plan's terms, refer to Note 11 to the consolidated financial statements included in Part II, Item 8 of our 2025 Form 10-K. ESPP-related compensation expense may fluctuate period over period based on employee participation levels and changes in the fair value at the grant date.