v3.26.1
Stock-Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Stock-Based Compensation Expense

Stock-based compensation expense was $424 million and $487 million for the three months ended June 30, 2025 and 2026, respectively, and $782 million and $897 million for the six months ended June 30, 2025 and 2026, respectively.

Stock Option and Restricted Stock Unit Activity

A summary of stock option and restricted stock unit (“RSU”) activity under the Company’s equity incentive plans was as follows (in millions, except per share amounts):

Outstanding
Stock Options
Outstanding
RSUs
Number of
Shares
Weighted-
Average
Exercise
Price
Number of
Shares
Weighted-
Average
Grant
Date Fair
Value
As of December 31, 20255.4 $108.28 32.2 $99.64 
Granted1.1 134.96 13.7 128.81 
Exercised/Vested(0.6)67.91 (6.0)134.27 
Canceled(0.2)152.84 (2.1)136.60 
As of June 30, 20265.7 $116.16 37.8 $102.59 
Number of
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic
Value
Options outstanding as of June 30, 20265.7 $116.16 6.21$191 
Options exercisable as of June 30, 20263.5 $101.44 4.26$177