Stockholders' Equity and Stock-Based Compensation Expense (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Stockholders Equity And Stock Based Compensation [Abstract] |
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| Schedule of Stock-Based Compensation Expense by Award Type |
The following two tables show stock-based compensation expense by award type and where the stock-based compensation expense is recorded in the Company’s consolidated statements of operations:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands) |
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(in thousands) |
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Options |
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$ |
382 |
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$ |
1,215 |
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$ |
704 |
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$ |
2,509 |
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RSUs |
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123,314 |
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128,488 |
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227,852 |
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234,428 |
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PSUs |
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1,598 |
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7,306 |
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7,688 |
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12,204 |
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Employee stock purchase plan |
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3,188 |
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3,966 |
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7,983 |
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8,527 |
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Total stock-based compensation expense |
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$ |
128,482 |
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$ |
140,975 |
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$ |
244,227 |
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$ |
257,668 |
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| Effect of Stock-Based Compensation on Income by Line Item |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands) |
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(in thousands) |
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Cost of revenue, subscription |
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$ |
11,758 |
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$ |
8,190 |
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$ |
22,180 |
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$ |
15,887 |
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Cost of revenue, professional services and other |
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646 |
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1,051 |
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1,335 |
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1,980 |
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Research and development |
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60,681 |
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70,807 |
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114,490 |
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127,604 |
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Sales and marketing |
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34,470 |
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36,587 |
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65,658 |
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68,192 |
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General and administrative |
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20,927 |
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24,340 |
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40,564 |
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44,005 |
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Total stock-based compensation expense |
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$ |
128,482 |
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$ |
140,975 |
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$ |
244,227 |
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$ |
257,668 |
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| Summary of Stock Repurchase Activity |
The following table summarizes the stock repurchase activity under the Share Repurchase Programs (in thousands, except per share data):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Number of shares repurchased |
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2,622 |
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217 |
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3,467 |
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217 |
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Average stock price per share |
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$ |
202.80 |
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$ |
577.13 |
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$ |
214.25 |
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$ |
577.13 |
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Aggregate repurchase amount |
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$ |
531,852 |
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$ |
125,004 |
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$ |
742,880 |
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$ |
125,004 |
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