v3.26.3
Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Class A Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Common Stock
Class C Common Stock
Common Stock
Class D Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Non- Controlling Interests
Beginning balance at Dec. 31, 2024 $ 6,398,885   $ 1 $ 1 $ 0 $ 0 $ 4,813,408 $ (9,981) $ 996,763 $ 598,693
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 28,830           28,830      
Adjustments to non-controlling interests 0           3,795 (1)   (3,794)
Distributions to non-controlling interests (7,416)                 (7,416)
Dividends (25,573)               (25,573)  
Stock-based compensation expense 22,708           22,708      
Payroll taxes paid for stock-based compensation (47,590)           (47,590)      
Net income 168,305               148,382 19,923
Other comprehensive income (loss) 9,056             8,171   885
Ending balance at Mar. 31, 2025 6,547,205   1 1 0 0 4,821,151 (1,811) 1,119,572 608,291
Beginning balance at Dec. 31, 2024 6,398,885   1 1 0 0 4,813,408 (9,981) 996,763 598,693
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 554,376                  
Other comprehensive income (loss) 19,881                  
Ending balance at Sep. 30, 2025 6,934,963   1 1 0 0 4,865,172 7,749 1,407,775 654,265
Beginning balance at Mar. 31, 2025 6,547,205   1 1 0 0 4,821,151 (1,811) 1,119,572 608,291
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans (3,352)           (3,352)      
Adjustments to non-controlling interests 0           (2,544)     2,544
Distributions to non-controlling interests (5,112)                 (5,112)
Dividends (25,606)               (25,606)  
Stock-based compensation expense 27,779           27,779      
Payroll taxes paid for stock-based compensation (44)           (44)      
Net income 175,522               153,782 21,740
Other comprehensive income (loss) 9,884             8,842   1,042
Ending balance at Jun. 30, 2025 6,726,276   1 1 0 0 4,842,990 7,031 1,247,748 628,505
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans (1,210)           (1,210)      
Adjustments to non-controlling interests 0           (2,254)     2,254
Distributions to non-controlling interests (1,630)                 (1,630)
Dividends (25,609)               (25,609)  
Stock-based compensation expense 26,865           26,865      
Payroll taxes paid for stock-based compensation (1,219)           (1,219)      
Net income 210,549               185,636 24,913
Other comprehensive income (loss) 941             718   223
Ending balance at Sep. 30, 2025 6,934,963   1 1 0 0 4,865,172 7,749 1,407,775 654,265
Beginning balance at Dec. 31, 2025 7,189,237   1 1 0 0 4,895,810 10,899 1,601,044 681,482
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock from equity incentive plans 2,983           2,983      
Share repurchases pursuant to share repurchase programs (50,724)               (50,724)  
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 34,905           34,905      
Adjustments to non-controlling interests 0           12,037 3   (12,040)
Distributions to non-controlling interests (7,646)                 (7,646)
Dividends (29,770)               (29,770)  
Stock-based compensation expense 25,728           25,728      
Payroll taxes paid for stock-based compensation (84,978)           (84,978)      
Net income 233,167               205,284 27,883
Other comprehensive income (loss) (3,264)             (2,969)   (295)
Ending balance at Mar. 31, 2026 7,309,638   1 1 0 0 4,886,485 7,933 1,725,834 689,384
Beginning balance at Dec. 31, 2025 7,189,237   1 1 0 0 4,895,810 10,899 1,601,044 681,482
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Share repurchases pursuant to share repurchase programs   $ (449,500)                
Net income 664,758                  
Other comprehensive income (loss) (14,413)                  
Ending balance at Sep. 30, 2026 7,334,205   1 1 0 0 4,980,559 (1,791) 1,643,258 712,177
Beginning balance at Mar. 31, 2026 7,309,638   1 1 0 0 4,886,485 7,933 1,725,834 689,384
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Share repurchases pursuant to share repurchase programs (190,317)               (190,317)  
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 4,463           4,463      
Adjustments to non-controlling interests 0           9,920 (17)   (9,903)
Distributions to non-controlling interests (2,396)                 (2,396)
Dividends (29,734)               (29,734)  
Stock-based compensation expense 30,798           30,798      
Payroll taxes paid for stock-based compensation (150)           (150)      
Net income 206,686               181,318 25,368
Other comprehensive income (loss) 9,166             7,996   1,170
Ending balance at Jun. 30, 2026 7,338,154   1 1 0 0 4,931,516 15,912 1,687,101 703,623
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Share repurchases pursuant to share repurchase programs (211,880) $ (209,800)             (211,880)  
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 10,404           10,404      
Adjustments to non-controlling interests 0           12,215 22   (12,237)
Distributions to non-controlling interests (4,067)                 (4,067)
Dividends (29,420)               (29,420)  
Stock-based compensation expense 27,327           27,327      
Payroll taxes paid for stock-based compensation (903)           (903)      
Net income 224,905               197,457 27,448
Other comprehensive income (loss) (20,315)             (17,725)   (2,590)
Ending balance at Sep. 30, 2026 $ 7,334,205   $ 1 $ 1 $ 0 $ 0 $ 4,980,559 $ (1,791) $ 1,643,258 $ 712,177