The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in millions, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2026		2025		2026
Net income	$	642	$	816	$	796	$	976
Add: convertible senior notes interest expense, net of tax	1		—		1		1
Net income - diluted	$	643	$	816	$	797	$	977
Weighted-average shares in computing net income per share attributable to Class A and Class B common stockholders:
Basic	615		592		618		595
Effect of dilutive securities	11		5		11		7
Diluted	626		597		629		602
Net income per share attributable to Class A and Class B common stockholders:
Basic	$	1.04	$	1.38	$	1.29	$	1.64
Diluted	$	1.03	$	1.37	$	1.27	$	1.62

As of both June 30, 2025 and 2026, 9.6 million shares of RSUs were excluded from net income per share because they are subject to market conditions that were not achieved as of such dates.

Additionally, the following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in millions):


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2026	2025	2026



Stock options	3	4	3	4
RSUs	16	9	14	9



Total	19	13	17	13

In August 2025, the Company announced that its board of directors approved a new share repurchase program with authorization to purchase up to $6.0 billion of the Company's Class A common stock.

Share repurchases under the share repurchase program may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions, or by any combination of such methods. Any such repurchases will be made from time to time subject to market and economic conditions, applicable legal requirements, and other relevant factors. The share repurchase program does not obligate the Company to repurchase any specific number of shares and may be modified, suspended, or terminated at any time at the Company’s discretion.

During the three and six months ended June 30, 2025, the Company repurchased and subsequently retired 8.1 million and 14.2 million shares of Class A common stock for $1.0 billion and $1.8 billion, respectively.