v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Dec. 31, 2024   99.4      
Beginning balance at Dec. 31, 2024 $ 2,589.7 $ 0.1 $ 2,554.6 $ 5.8 $ 29.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 115.4       115.4
Other comprehensive income (loss), net of tax 6.7     6.7  
Stock-based compensation expense 105.6   105.6    
Issuances of common stock under stock plans (in shares)   1.4      
Issuances of common stock under benefit plans, net of tax 44.6   44.6    
Repurchases of common stock (in shares)   (1.8)      
Repurchases of common stock (167.7)   (107.6)   (60.1)
Ending balance (in shares) at Jun. 30, 2025   99.0      
Ending balance at Jun. 30, 2025 2,694.3 $ 0.1 2,597.2 12.5 84.5
Beginning balance (in shares) at Mar. 31, 2025   99.0      
Beginning balance at Mar. 31, 2025 2,535.7 $ 0.1 2,531.9 9.0 (5.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 107.5       107.5
Other comprehensive income (loss), net of tax 3.5     3.5  
Stock-based compensation expense 52.8   52.8    
Issuances of common stock under stock plans (in shares)   0.2      
Issuances of common stock under benefit plans, net of tax 12.5   12.5    
Repurchases of common stock (in shares)   (0.2)      
Repurchases of common stock (17.7)       (17.7)
Ending balance (in shares) at Jun. 30, 2025   99.0      
Ending balance at Jun. 30, 2025 2,694.3 $ 0.1 2,597.2 12.5 84.5
Beginning balance (in shares) at Dec. 31, 2025   100.1      
Beginning balance at Dec. 31, 2025 3,253.1 $ 0.1 2,792.2 13.1 447.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 342.3       342.3
Other comprehensive income (loss), net of tax (8.0)     (8.0)  
Stock-based compensation expense 122.2   122.2    
Issuances of common stock under stock plans (in shares)   2.0      
Issuances of common stock under benefit plans, net of tax 50.0   50.0    
Repurchases of common stock (in shares)   (0.5)      
Repurchases of common stock (66.0)       (66.0)
Ending balance (in shares) at Jun. 30, 2026   101.6      
Ending balance at Jun. 30, 2026 3,693.6 $ 0.1 2,964.4 5.1 724.0
Beginning balance (in shares) at Mar. 31, 2026   100.6      
Beginning balance at Mar. 31, 2026 3,407.4 $ 0.1 2,817.3 0.4 589.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 144.4       144.4
Other comprehensive income (loss), net of tax 4.7     4.7  
Stock-based compensation expense 65.0   65.0    
Issuances of common stock under stock plans (in shares)   1.1      
Issuances of common stock under benefit plans, net of tax 82.1   82.1    
Repurchases of common stock (in shares)   (0.1)      
Repurchases of common stock (10.0)       (10.0)
Ending balance (in shares) at Jun. 30, 2026   101.6      
Ending balance at Jun. 30, 2026 $ 3,693.6 $ 0.1 $ 2,964.4 $ 5.1 $ 724.0