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Stockholders' Equity
9 Months Ended
Sep. 30, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders’ Equity
Share Repurchase Program

In May 2024, the board of directors authorized a $2.0 billion share repurchase program, effective May 2024 through June 2027, of which $1,180.5 million remains available for repurchase as of September 30, 2025. The Company's goals for the share repurchase program are to offset the dilution created by its employee equity compensation programs over time and provide the flexibility to return capital to shareholders as business and market conditions warrant, while still preserving its ability to pursue other strategic opportunities.

During the three months ended September 30, 2025, the Company did not repurchase shares of its common stock. During the nine months ended September 30, 2025, the Company repurchased 10.0 million shares of its common stock for $800.0 million.

Stock-Based Compensation

Components of total stock-based compensation included in the Company’s interim condensed consolidated statements of income for the three and nine months ended September 30, 2025 and 2024 were as follows (in thousands):
 
 For the Three Months
Ended September 30,
For the Nine Months
Ended September 30,
2025202420252024
Cost of revenue$19,738 $16,566 $57,980 $45,048 
Research and development42,415 39,275 124,486 114,271 
Sales and marketing22,413 21,076 67,116 58,863 
General and administrative30,857 25,690 90,595 76,151 
Total stock-based compensation115,423 102,607 340,177 294,333 
Provision for income taxes(21,952)(14,322)(57,214)(76,403)
Total stock-based compensation, net of income taxes$93,471 $88,285 $282,963 $217,930 

During 2025, the Company's matching program related to the savings plan for its U.S. employees that is designed to be qualified under Section 401(k) of the Internal Revenue Code was redesigned to be settled in shares of the Company's common stock instead of cash and the percentage match was increased.

In addition to the amounts of stock-based compensation reported in the table above, the Company’s interim condensed consolidated statements of income also include stock-based compensation reflected as a component of amortization primarily consisting of capitalized internal-use software; the additional stock-based compensation was $12.6 million and $37.0 million for the three and nine months ended September 30, 2025, respectively, before taxes, and $11.0 million and $31.3 million for the three and nine months ended September 30, 2024, respectively, before taxes.