Stockholders' Equity |
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| Stockholders' Equity | Stockholders’ Equity Share Repurchase Program In May 2024, the board of directors authorized a $2.0 billion share repurchase program, effective May 2024 through June 2027, of which $564.8 million remains available for repurchase as of June 30, 2026. The Company's goals for the share repurchase program are to offset the dilution created by its employee equity compensation programs over time and provide the flexibility to return capital to shareholders as business and market conditions warrant, while still preserving its ability to pursue other strategic opportunities, including investments in its cloud infrastructure services. During the three and six months ended June 30, 2026, the Company repurchased 3.0 million and 5.0 million shares of its common stock, respectively, for $409.9 million and $615.7 million, respectively. Stock-Based Compensation Components of total stock-based compensation included in the Company’s interim condensed consolidated statements of income for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):
In addition to the amounts of stock-based compensation reported in the table above, the Company’s interim condensed consolidated statements of income also include stock-based compensation reflected as a component of amortization primarily consisting of capitalized internal-use software; the additional stock-based compensation was $15.2 million and $30.1 million for the three and six months ended June 30, 2026, respectively, before taxes, and $12.2 million and $24.4 million for the three and six months ended June 30, 2025, respectively, before taxes. In 2026, the Company introduced a new benefit allowing retirement-eligible employees to qualify for continued vesting of all unvested equity awards post-employment, subject to the satisfaction of specified conditions. This reduced the service periods which resulted in an increase in stock-based compensation expense for the three and six months ended June 30, 2026.
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