v3.26.3
Income Taxes
9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes (in millions, except percentages)
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Income before income taxes$1,915.5 $1,077.1 $4,691.2$3,112.3 
Provision for income taxes355.1 224.1 895.0 556.7 
Effective tax rate18.5 %20.8 %19.1 %17.9 %
The decrease in the effective tax rate in the three months ended September 30, 2026, as compared to the same period in 2025, was primarily due to a one-time deferred tax provision resulting from the enactment of the One Big Beautiful Bill Act ("OBBB Act") in 2025. The increase in the effective tax rate in the nine months ended September 30, 2026, as compared to the same period in 2025, was primarily due to a decrease in tax benefits attributable to equity-based compensation.