Income Taxes

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

	Three Months Ended						Nine Months Ended
	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
	(in thousands, except percentages)
Provision for income taxes	$	339,445		$	231,627		$	988,365		$	587,103
Effective tax rate	13		%	12		%	13		%	12		%

The effective tax rates for the three and nine months ended September 30, 2024 differed from the Federal statutory rate primarily due to the foreign-derived intangible income deduction and excess tax benefits on stock-based compensation.