v3.26.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of activity of options outstanding
The following is a summary of stock option activity, including performance-based options (in thousands, except per share and years data):
Weighted Average
Options OutstandingExercise Price Per ShareRemaining Contractual Life (Years)Aggregate Intrinsic Value
Balance at January 1, 202619,700 $25.58 4.3$3,950,983 
Exercised(1,406)12.47 
Forfeited and cancelled(30)150.14 
Balance at September 30, 202618,264 $26.38 3.7$2,931,504 
Vested and exercisable at September 30, 202614,584 $27.12 3.6$2,331,785 
Schedule of activity of RSUs outstanding
A summary of restricted stock units and performance restricted stock units activity is as follows (in thousands, except per share data):
Restricted Stock Units
Performance Restricted Stock Units
Number of Shares
Fair Value(1)
Number of Shares
Fair Value(1)
Balance at January 1, 20262,145 $247.04 643 $55.42 
Granted6,762 164.62 426 156.92 
Vested(3,383)192.71 (643)55.70 
Forfeited and cancelled(1,291)179.03 — — 
Balance at September 30, 20264,233 $179.53 426 $156.92 
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(1)Represents the weighted-average grant date fair value per share.
Schedule of stock based compensation
The following are the effects of stock-based compensation on the Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Statements of Operations
Technology and development$147,727 $127,253 $461,285 $352,585 
Sales and marketing12,769 13,921 40,181 43,359 
General and administrative72,549 80,895 217,975 213,014 
Total stock-based compensation expense$233,045 $222,069 $719,441 $608,958 
Balance Sheets
Software and equipment, net(1)
$4,190 $11,592 $13,295 $40,177 
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(1)Represents capitalized stock-based compensation that was recorded to Software and equipment, net during the periods presented. See Note 13. Condensed Consolidated Balance Sheets Details for additional details.