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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUE:        
Total revenue $ 1,630.0 $ 1,434.3 $ 3,169.7 $ 2,787.6
COST OF REVENUE:        
Total cost of revenue 314.9 275.0 608.0 579.7
GROSS PROFIT:        
Total gross profit 1,315.1 1,159.3 2,561.7 2,207.9
OPERATING EXPENSES:        
Research and development 209.5 165.4 408.1 338.4
Sales and marketing 592.0 501.3 1,134.7 1,002.4
General and administrative 56.9 56.6 114.7 111.0
Gain on intellectual property matters (1.3) (1.2) (7.6) (2.3)
Total operating expenses 857.1 722.1 1,649.9 1,449.5
OPERATING INCOME 458.0 437.2 911.8 758.4
INTEREST INCOME 45.0 38.3 89.3 70.5
INTEREST EXPENSE (4.6) (5.0) (9.5) (10.1)
OTHER INCOME (EXPENSE)—NET 18.9 (2.2) 45.0 (5.1)
INCOME BEFORE INCOME TAXES AND GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS 517.3 468.3 1,036.6 813.7
PROVISION FOR INCOME TAXES 77.1 76.5 173.6 116.0
GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS (0.1) (12.0) 10.5 (18.6)
NET INCOME $ 440.1 $ 379.8 $ 873.5 $ 679.1
Net income per share:        
Basic (in dollars per share) $ 0.57 $ 0.50 $ 1.14 $ 0.89
Diluted (in dollars per share) $ 0.57 $ 0.49 $ 1.13 $ 0.88
Weighted-average shares outstanding:        
Basic (in shares) 765.5 763.8 766.9 763.1
Diluted (in shares) 772.7 769.9 774.8 770.2
Product        
REVENUE:        
Total revenue $ 508.9 $ 451.9 $ 968.0 $ 860.8
COST OF REVENUE:        
Total cost of revenue 165.9 155.1 315.8 337.9
GROSS PROFIT:        
Total gross profit 343.0 296.8 652.2 522.9
Service        
REVENUE:        
Total revenue 1,121.1 982.4 2,201.7 1,926.8
COST OF REVENUE:        
Total cost of revenue 149.0 119.9 292.2 241.8
GROSS PROFIT:        
Total gross profit $ 972.1 $ 862.5 $ 1,909.5 $ 1,685.0