v3.26.1
Share-Based Awards (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Award Activity
The following table summarizes option award activity for the six months ended June 30, 2026:
Number
of Shares
Subject to
Existing
Options (in thousands)		Weighted-
Average
Exercise
Price Per
Share
Weighted-
Average
Remaining
Contractual
Life (in years)
Aggregate
Intrinsic
Value
(in millions)
Outstanding at January 1, 2026
27,303 $49.79 5.7$565 
Granted4,681 43.24 
Exercised(785)28.83 
Forfeited or canceled
(571)52.98 
Outstanding at June 30, 2026
30,628 49.27 5.91 
Vested and exercisable at June 30, 2026
22,798 48.43 4.91 
Schedule of Fair Value of Options Granted, Estimated at Date of Grant Using Black Scholes Merton Option Pricing Model
The following assumptions were used to determine the fair value of option awards granted for the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Expected volatility
53%
59%
53% - 56%
59% - 60%
Risk-free interest rate
 4.16%
3.92%
3.87% - 4.16%
3.92% - 4.17%
Weighted-average expected life
5.8 years
5.5 years
5.8 - 7.0 years
5.3 - 6.8 years
Weighted-average fair value of options granted$18.64$37.18$23.42$43.17
Schedule of Restricted Stock Units Activity
The following table summarizes activity for restricted stock units for the six months ended June 30, 2026:
Restricted
Stock Units (in thousands)		Weighted-Average Grant Date Fair Value
Unvested outstanding at January 1, 2026
9,319 $61.83 
Granted6,190 43.12 
Vested(2,747)53.05 
Forfeited(817)58.18 
Unvested outstanding at June 30, 2026
11,945 $54.40 
Schedule of Effects of Share Based Compensation in Consolidated Statements of Operations
The following table presents the effects of share-based compensation expense in our condensed consolidated statements of operations during the periods presented (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Cost of revenue$2 $3 $4 $6 
Sales and marketing14 19 30 37 
Technology and development31 40 64 78 
General and administrative28 37 58 75 
Restructuring costs13 — 13 — 
Total share-based compensation$88 $99 $169 $196