Income Taxes

6 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

	Three Months Ended						Six Months Ended
	June 30, 2025			June 30, 2024			June 30, 2025			June 30, 2024
	(in thousands, except percentages)
Provision for income taxes	$	506,262		$	366,550		$	829,637		$	648,920
Effective tax rate	14		%	15		%	12		%	13		%

The effective tax rates for the three and six months ended June 30, 2025 differed from the Federal statutory rate primarily due to the foreign-derived intangible income deduction and excess tax benefits on stock-based compensation.