XML 39 R28.htm IDEA: XBRL DOCUMENT v3.25.3
Share-Based Awards (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Award Activity
The following table summarizes option award activity for the nine months ended September 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, 202529,941 $46.58 6.3$861 
Granted2,299 76.44 
Exercised(4,193)41.74 
Forfeited or canceled
(422)52.66 
Outstanding at September 30, 2025
27,625 49.71 6.0793 
Vested and exercisable at September 30, 2025
20,839 47.32 5.3656 
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
September 30,
Nine Months Ended
September 30,
 2025202420252024
Expected volatility54%
55%
54% - 60%
55% - 61%
Risk-free interest rate3.82%
3.74%
3.82% - 4.17%
3.74% - 4.50%
Weighted-average expected life5.3 years
5.5 years
5.3 - 6.8 years
5.5 - 6.8 years
Weighted-average fair value of options granted$46.43$30.96$43.34$31.80
Schedule of Restricted Stock Units Activity
The following table summarizes activity for restricted stock units for the nine months ended September 30, 2025:
Restricted
Stock Units (in thousands)
Weighted-Average Grant Date Fair Value
Unvested outstanding at January 1, 202511,729 $50.31 
Granted4,568 76.32 
Vested(4,551)51.45 
Forfeited(849)54.06 
Unvested outstanding at September 30, 2025
10,897 $60.43 
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
September 30,
Nine Months Ended
September 30,
 2025202420252024
Cost of revenue$$$$11 
Sales and marketing18 19 55 57 
Technology and development41 40 119 124 
General and administrative37 46 112 137 
Total share-based compensation$99 $108 $295 $329