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Share-Based Awards (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Option Award Activity | The following table summarizes option award activity for the six months ended June 30, 2025:
| Number of Shares Subject to Existing Options (in thousands) |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Remaining Contractual Life (in years) |  | Aggregate Intrinsic Value (in millions)
Outstanding at January 1, 2025 | 29,941 |  |  | $ | 46.58 |  |  | 6.3 |  | $ | 861 |
Granted | 2,183 |  |  | 75.95 |  |  |  |  |
Exercised | (1,320) |  |  | 41.47 |  |  |  |  |
Forfeited or canceled | (313) |  |  | 51.70 |  |  |  |  |
Outstanding at June 30, 2025 | 30,491 |  |  | 48.86 |  |  | 6.1 |  | 701 |
Vested and exercisable at June 30, 2025 | 22,470 |  |  | 46.49 |  |  | 5.2 |  | 571 |
Schedule of Fair Value of Options Granted, Estimated at Date of Grant Using Black Scholes Merton Option Pricing Model | The following assumptions were used to determine the fair value of option awards granted for the periods presented:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Expected volatility | 59% |  | 59% |  | 59% - 60% |  | 57% - 61%
Risk-free interest rate | 3.92% |  | 4.50% |  | 3.92% - 4.17% |  | 4.14% - 4.50%
Weighted-average expected life | 5.5 years |  | 5.5 years |  | 5.3 - 6.8 years |  | 5.5 - 6.8 years
Weighted-average fair value of options granted | $37.18 |  | $29.69 |  | $43.17 |  | $31.93
Schedule of Restricted Stock Units Activity | The following table summarizes activity for restricted stock units for the six months ended June 30, 2025:
| Restricted Stock Units (in thousands) |  | Weighted-Average Grant Date Fair Value
Unvested outstanding at January 1, 2025 | 11,729 |  |  | $ | 50.31 |
Granted | 4,302 |  |  | 75.73 |
Vested | (2,967) |  |  | 50.90 |
Forfeited | (606) |  |  | 52.92 |
Unvested outstanding at June 30, 2025 | 12,458 |  |  | $ | 58.82 |
Schedule of Effects of Share Based Compensation in Consolidated Statements of Operations | The following table presents the effects of share-based compensation expense in our condensed consolidated statements of operations during the periods presented (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cost of revenue | $ | 3 |  |  | $ | 4 |  |  | $ | 6 |  |  | $ | 8 |
Sales and marketing | 19 |  |  | 20 |  |  | 37 |  |  | 38 |
Technology and development | 40 |  |  | 42 |  |  | 78 |  |  | 84 |
General and administrative | 37 |  |  | 47 |  |  | 75 |  |  | 91 |
Total share-based compensation | $ | 99 |  |  | $ | 113 |  |  | $ | 196 |  |  | $ | 221 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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