XML 66 R51.htm IDEA: XBRL DOCUMENT v3.25.0.1

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Based Compensation Expense

Components of total stock-based compensation expense included in the Company’s consolidated statements of income for the years ended December 31, 2024, 2023 and 2022 were as follows (in thousands):

			2024						2023						2022
Cost of revenue			$	61,177					$	43,802					$	28,354
Research and development			152,114						123,896						78,116
Sales and marketing			77,593						66,453						47,789
General and administrative			102,494						94,316						62,926
Total stock-based compensation			393,378						328,467						217,185
Provision for income taxes			(96,607)						(59,359)						(46,829)
Total stock-based compensation, net of taxes			$	296,771					$	269,108					$	170,356

Schedule of Employee Stock Purchase Plan Activity

The following summarizes the activity under the 1999 ESPP (in thousands, except per share amounts):

			2024						2023						2022
Shares issued			788						797						688
Weighted average purchase price per share			$	77.60					$	78.29					$	82.83
Issuance of common stock			$	61,131					$	62,365					$	56,570

Schedule of Assumptions Used

The grant-date fair values of awards granted under the 1999 ESPP during the years ended December 31, 2024, 2023 and 2022 were estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:

			2024						2023						2022
Expected term (in years)			0.5						0.5						0.5
Risk-free interest rate			5.2		%				5.2		%				1.9		%
Expected volatility			24.4		%				29.1		%				26.0		%
Dividend yield			—		%				—		%				—		%

The grant-date fair values of the TSR-based RSUs granted during the years ended December 31, 2024, 2023 and 2022 were estimated using a Monte Carlo simulation model with the following assumptions:

			2024						2023						2022
Expected term (in years)			3.0						3.0						3.0
Risk-free interest rate			4.3		%				4.5		%				1.7		%
Akamai historical share price volatility			25.6		%				28.8		%				30.3		%
Average volatility of peer-company share price			30.6		%				33.6		%				40.7		%

Schedule of Restricted Stock Units by Type

The RSUs, restricted stock and DSUs granted by the Company during the year ended December 31, 2024 were as follows (in thousands):

			December 31, 2024
Service-based (1)			4,850
Market-based			166
Performance-based			428
Total			5,444

(1) Includes DSU grants of 29,274 shares

Schedule of Restricted Stock Units Activity

RSU, restricted stock and DSU activity for the year ended December 31, 2024 was as follows:

			Units (in thousands)						Weighted Average Grant Date Fair Value
Outstanding at January 1, 2024			8,077						$	83.12
Granted			5,444						108.09
Vested (1)			(5,253)						82.43
Forfeited			(558)						99.47
Outstanding at December 31, 2024			7,710						$	100.04

(1) Includes DSUs of 26,426 shares which have vested and been distributed. Excludes DSUs which have vested, but have not yet been distributed.

Schedule of Total Fair Value of Stock Activity

The pre-tax intrinsic value and fair value of RSUs, restricted stock and DSUs were as follows (in thousands, except per share amounts):

			2024						2023						2022
Pre-tax intrinsic value of awards vested			$	429,491					$	254,686					$	227,143
Fair value of awards vested			$	433,026					$	259,919					$	231,708
Weighted average fair value of awards granted, per share (1)			$	108.09					$	74.89					$	107.17

(1) The grant-date fair value is calculated based upon the Company’s closing stock price on the date of grant.

X

- Definition

Schedule of restricted stock units granted by type for period presented.

+ References

No definition available.

+ Details

Name:	akam_ScheduleOfRestrictedStockUnitsByTypeTableTextBlock
Namespace Prefix:	akam_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of employee stock purchase plan activity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration