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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 934,003 $ 811,276
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 119,297 106,462
Impairment charge 5,000 0
Provision for credit losses 7,843 5,979
Deferred income taxes 18,908 99,675
Share-based compensation expense 48,644 43,902
Other (1,468) 3,244
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable (72,762) (82,586)
Inventories (123) (2,202)
Other assets and liabilities (18,793) (154,728)
Accounts payable 22,578 (4,977)
Net cash provided by operating activities 1,063,127 826,045
Cash Flows from Investing Activities:    
Purchases of property and equipment (85,560) (95,242)
Acquisition of a business, net of cash acquired (223,430) 0
Acquisition of intangible assets (3,692) (13,350)
Purchases of equity investments (1,695) (756)
Proceeds from equity investments 4,111 0
Proceeds from net investment hedges 3,126 1,239
Net cash used by investing activities (307,140) (108,109)
Cash Flows from Financing Activities:    
Borrowings (payments) on revolving credit facility, net 76,000 205,000
Payments of senior notes (75,000) (103,386)
Repurchases of common stock, including net excise tax settlements (810,014) (979,190)
Proceeds from exercises of stock options and employee stock purchase plans 82,551 75,493
Shares withheld for statutory tax withholding payments on restricted stock (11,003) (7,179)
Net cash used by financing activities (737,466) (809,262)
Net effect of changes in exchange rates on cash (1,055) 11,226
Net increase (decrease) in cash and cash equivalents 17,466 (80,100)
Cash and cash equivalents at beginning of period 180,070 288,266
Cash and cash equivalents at end of period 197,536 208,166
Supplemental Cash Flow Information:    
Unpaid property and equipment, reflected in accounts payable and accrued liabilities $ 13,832 $ 6,778