Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders' Equity Note [Abstract]

Schedule of Activity Related to Stock Option Plans

The following table summarizes the activities related to the Company’s stock options:

	Options Outstanding
	Number of Shares	Weighted- Average Exercise Price (per share)
Balances as of December 31, 2024	15,419,002	$	312.48
Granted	213,441	1,013.40
Exercised	(2,369,871)	222.74
Expired	(1,945)	68.25
Balances as of June 30, 2025	13,260,627	$	339.84
Vested and exercisable as of June 30, 2025	13,260,627	$	339.84

Schedule of Unvested Restricted Stock Units

The following table summarizes the activities related to the Company’s unvested RSUs and PSUs:

	Unvested Restricted Stock Units
	Number of Shares	Weighted- Average Grant-Date Fair Value (per share)
Balances as of December 31, 2024	133,318	$	711.23
Granted(1)	122,785	1,111.80
Vested(1)	(74,447)	774.68
Forfeited	(1,632)	931.17
Balances as of June 30, 2025	180,024	$	956.20

(1) Amounts include 26,660 PSU awards that were granted and 53,320 PSU awards that vested based on the achievement of market-based performance targets during the performance period ended December 31, 2024, but were settled in the first quarter of 2025.

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes in accumulated balances of other comprehensive income (loss) for the three and six months ended June 30, 2025:

	Foreign Currency Translation Adjustments		Net Investment Hedge Gains (Losses)		Change in Unrealized Gains (Losses) on Cash Flow Hedges		Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges		Change in Unrealized Gains (Losses) on AFS Securities		Tax (Expense) Benefit		Total
	(in thousands)
Balances as of March 31, 2025	$	(285,557)	$	(12,200)	$	264,945	$	5,771	$	907	$	(59,601)	$	(85,735)
Other comprehensive income (loss) before reclassifications	169,299		(93,400)		(1,222,145)		(18,099)		(907)		306,378		(858,874)
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		37,041		14,802		—		(11,902)		39,941
Net change in accumulated other comprehensive income (loss)	169,299		(93,400)		(1,185,104)		(3,297)		(907)		294,476		(818,933)
Balances as of June 30, 2025	$	(116,258)	$	(105,600)	$	(920,159)	$	2,474	$	—	$	234,875	$	(904,668)

	Foreign Currency Translation Adjustments		Net Investment Hedge Gains (Losses)		Change in Unrealized Gains (Losses) on Cash Flow Hedges		Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges		Change in Unrealized Gains (Losses) on AFS Securities		Tax (Expense) Benefit		Total
	(in thousands)
Balances as of December 31, 2024	$	(376,833)	$	32,400	$	914,369	$	9,233	$	3,260	$	(220,267)	$	362,162
Other comprehensive income (loss) before reclassifications	260,575		(138,000)		(1,709,112)		(36,130)		(3,139)		433,065		(1,192,741)
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		(125,416)		29,371		(121)		22,077		(74,089)
Net change in accumulated other comprehensive income (loss)	260,575		(138,000)		(1,834,528)		(6,759)		(3,260)		455,142		(1,266,830)
Balances as of June 30, 2025	$	(116,258)	$	(105,600)	$	(920,159)	$	2,474	$	—	$	234,875	$	(904,668)

The following tables summarize the changes in accumulated balances of other comprehensive income (loss) for the three and six months ended June 30, 2024:

	Foreign Currency Translation Adjustments		Net Investment Hedge Gains (Losses)		Change in Unrealized Gains (Losses) on Cash Flow Hedges		Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges		Change in Unrealized Gains (Losses) on AFS Securities		Tax (Expense) Benefit		Total
	(in thousands)
Balances as of March 31, 2024	$	(176,974)	$	—	$	84,461	$	—	$	—	$	(19,366)	$	(111,879)
Other comprehensive income (loss) before reclassifications	(72,626)		(3,400)		160,544		—		—		(36,031)		48,487
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		(33,374)		—		—		7,652		(25,722)
Net change in accumulated other comprehensive income (loss)	(72,626)		(3,400)		127,170		—		—		(28,379)		22,765
Balances as of June 30, 2024	$	(249,600)	$	(3,400)	$	211,631	$	—	$	—	$	(47,745)	$	(89,114)

	Foreign Currency Translation Adjustments		Net Investment Hedge Gains (Losses)		Change in Unrealized Gains (Losses) on Cash Flow Hedges		Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges		Change in Unrealized Gains (Losses) on AFS Securities		Tax (Expense) Benefit		Total
	(in thousands)
Balances as of December 31, 2023	$	(103,922)	$	—	$	(155,730)	$	—	$	—	$	35,707	$	(223,945)
Other comprehensive income (loss) before reclassifications	(145,678)		(3,400)		389,688		—		—		(88,571)		152,039
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		(22,327)		—		—		5,119		(17,208)
Net change in accumulated other comprehensive income (loss)	(145,678)		(3,400)		367,361		—		—		(83,452)		134,831
Balances as of June 30, 2024	$	(249,600)	$	(3,400)	$	211,631	$	—	$	—	$	(47,745)	$	(89,114)

The following tables summarize the amounts reclassified from AOCI to the Consolidated Statement of Operations for the three and six months ended June 30, 2025:

	Three Months Ended
	June 30, 2025
	Revenues		Cost of Revenues		Interest and other income (expense)		Provision for Income Taxes		Total Reclassifications
	(in thousands)
Gains (losses) on available-for-sale securities
Amount of gains (losses) reclassified from AOCI	$	—	$	—	$	—	$	—	$	—
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI	(37,385)		344		—		8,504		(28,537)
Gains (losses) on derivatives in fair value hedging relationship
Foreign exchange contracts
Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach	—		—		(14,802)		3,398		(11,404)
Total	$	(37,385)	$	344	$	(14,802)	$	11,902	$	(39,941)

	Six Months Ended
	June 30, 2025
	Revenues		Cost of Revenues		Interest and other income (expense)		Provision for Income Taxes		Total Reclassifications
	(in thousands)
Gains (losses) on available-for-sale securities
Amount of gains (losses) reclassified from AOCI	$	—	$	—	$	121	$	(28)	$	93
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI	127,411		(1,995)		—		(28,792)		96,624
Gains (losses) on derivatives in fair value hedging relationship
Foreign exchange contracts
Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach	—		—		(29,371)		6,743		(22,628)
Total	$	127,411	$	(1,995)	$	(29,250)	$	(22,077)	$	74,089

The following tables summarize the amounts reclassified from AOCI to the Consolidated Statement of Operations for the three and six months ended June 30, 2024:

	Three Months Ended
	June 30, 2024
	Revenues		Cost of Revenues		Interest and other income (expense)		Provision for Income Taxes		Total Reclassifications
	(in thousands)
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI	$	33,301	$	73	$	—	$	(7,652)	$	25,722
Total	$	33,301	$	73	$	—	$	(7,652)	$	25,722

	Six Months Ended
	June 30, 2024
	Revenues		Cost of Revenues		Interest and other income (expense)		Provision for Income Taxes		Total Reclassifications
	(in thousands)
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI	$	22,060	$	267	$	—	$	(5,119)	$	17,208
Total	$	22,060	$	267	$	—	$	(5,119)	$	17,208