v3.26.1
Stock-Based Compensation and Stock Repurchase Program (Tables)
3 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award
The following table summarizes our stock option activity for the three months ended June 30, 2026:
Options
(in thousands)
Weighted-
Average
Exercise Prices
Weighted-
Average
Remaining
Contractual
Term  (in years)
Aggregate
Intrinsic Value
(in millions)
Outstanding as of March 31, 2026
$57.19 
Granted— 202.09 
Exercised— 187.57 
Forfeited, cancelled or expired— 59.78 
Outstanding as of June 30, 2026
$57.05 1.90$0.4 
Vested and expected to vest$57.05 1.90$0.4 
Exercisable as of June 30, 2026
$57.05 1.90$0.4 
The following table summarizes our restricted stock units activity for the three months ended June 30, 2026:
Restricted
Stock Units
(in thousands)
Weighted-
Average Grant
Date Fair Values
Outstanding as of March 31, 2026
6,441 $145.62 
Granted2,864 203.09 
Vested(2,179)141.93 
Forfeited or cancelled(141)152.11 
Outstanding as of June 30, 2026
6,985 $170.20 
The following table summarizes our performance-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the three months ended June 30, 2026:
Performance-
Based Restricted
Stock Units
(in thousands)
Weighted-
Average Grant
Date Fair Value
Outstanding as of March 31, 2026
1,058 $141.72 
Granted495 203.12 
Vested(385)146.53 
Forfeited or cancelled(393)145.90 
Outstanding as of June 30, 2026
775 $176.45 
The following table summarizes our market-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the three months ended June 30, 2026:
Market-Based
Restricted  Stock
Units
(in thousands)
Weighted-
Average  Grant
Date Fair Value
Outstanding as of March 31, 2026
890 $103.80 
Granted— — 
Vested(96)152.92 
Forfeited or cancelled(47)152.92 
Outstanding as of June 30, 2026
747 $94.43 
The following table summarizes stock-based compensation expense resulting from stock options, restricted stock units, market-based restricted stock units, performance-based restricted stock units, and the ESPP purchase rights included in our Condensed Consolidated Statements of Operations (in millions):
Three Months Ended
June 30
20262025
Cost of revenue$$
Research and development106 110 
Marketing and sales14 12 
General and administrative30 27 
Stock-based compensation expense$153 $152