XML 40 R29.htm IDEA: XBRL DOCUMENT v3.25.3
Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Activity Related to Stock Options
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, 202415,419,002 $312.48 
Granted
308,931 1,076.99
Exercised
(2,697,121)220.38 
Expired
(2,900)80.43 
Balances as of September 30, 202513,027,912 $349.73 
Vested and exercisable as of September 30, 202513,027,912 $349.73 
Schedule of Unvested RSUs and PSUs
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, 2024133,318 $711.23 
Granted(1)
122,785 1,111.80
Vested(1)
(85,194)769.09 
Forfeited
(1,632)931.17 
Balances as of September 30, 2025169,277 $970.54 
(1) Amounts include 26,660 PSU awards that were granted and 53,320 PSU awards that vested based on the achievement of market-based performance targets during the performance period ended December 31, 2024, but were settled in the first quarter of 2025.
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)
The following tables summarize the changes in accumulated balances of other comprehensive income (loss) for the three and nine months ended September 30, 2025:
Foreign Currency Translation
Adjustments		Net Investment Hedge Gains (Losses)Change in Unrealized Gains (Losses) on Cash Flow HedgesChange in Unrealized Gains (Losses) on Excluded Component of Fair Value HedgesChange in Unrealized Gains (Losses)
on AFS Securities		Tax (Expense) BenefitTotal
(in thousands)
Balances as of June 30, 2025$(116,258)$(105,600)$(920,159)$2,474 $— $234,875 $(904,668)
Other comprehensive income (loss) before reclassifications
(49,574)(2,320)183,823 (18,895)— (37,330)75,704 
Amounts reclassified from accumulated other comprehensive income (loss)
— — 127,710 14,690 — (32,692)109,708 
Net change in accumulated other comprehensive income (loss)(49,574)(2,320)311,533 (4,205)— (70,022)185,412 
Balances as of September 30, 2025$(165,832)$(107,920)$(608,626)$(1,731)$— $164,853 $(719,256)
Foreign Currency Translation
Adjustments		Net Investment Hedge Gains (Losses)Change in Unrealized Gains (Losses) on Cash Flow HedgesChange in Unrealized Gains (Losses) on Excluded Component of Fair Value HedgesChange in Unrealized Gains (Losses)
on AFS Securities		Tax (Expense) BenefitTotal
(in thousands)
Balances as of December 31, 2024$(376,833)$32,400 $914,369 $9,233 $3,260 $(220,267)$362,162 
Other comprehensive income (loss) before reclassifications
211,001 (140,320)(1,525,289)(55,025)(3,139)395,735 (1,117,037)
Amounts reclassified from accumulated other comprehensive income (loss)
— — 2,294 44,061 (121)(10,615)35,619 
Net change in accumulated other comprehensive income (loss)211,001 (140,320)(1,522,995)(10,964)(3,260)385,120 (1,081,418)
Balances as of September 30, 2025$(165,832)$(107,920)$(608,626)$(1,731)$— $164,853 $(719,256)
The following tables summarize the changes in accumulated balances of other comprehensive income (loss) for the three and nine months ended September 30, 2024:
Foreign Currency Translation
Adjustments		Net Investment Hedge Gains (Losses)Change in Unrealized Gains (Losses) on Cash Flow HedgesChange in Unrealized Gains (Losses) on Excluded Component of Fair Value HedgesChange in Unrealized Gains (Losses)
on AFS Securities		Tax (Expense) BenefitTotal
(in thousands)
Balances as of June 30, 2024$(249,600)$(3,400)$211,631 $— $— $(47,745)$(89,114)
Other comprehensive income (loss) before reclassifications
95,802 (42,000)(369,805)(10,175)5,566 95,479 (225,133)
Amounts reclassified from accumulated other comprehensive income (loss)
— — (48,481)9,069 — 9,037 (30,375)
Net change in accumulated other comprehensive income (loss)95,802 (42,000)(418,286)(1,106)5,566 104,516 (255,508)
Balances as of September 30, 2024$(153,798)$(45,400)$(206,655)$(1,106)$5,566 $56,771 $(344,622)
Foreign Currency Translation
Adjustments		Net Investment Hedge Gains (Losses)Change in Unrealized Gains (Losses) on Cash Flow HedgesChange in Unrealized Gains (Losses) on Excluded Component of Fair Value HedgesChange in Unrealized Gains (Losses)
on AFS Securities		Tax (Expense) BenefitTotal
(in thousands)
Balances as of December 31, 2023$(103,922)$— $(155,730)$— $— $35,707 $(223,945)
Other comprehensive income (loss) before reclassifications
(49,876)(45,400)19,883 (10,175)5,566 6,908 (73,094)
Amounts reclassified from accumulated other comprehensive income (loss)
— — (70,808)9,069 — 14,156 (47,583)
Net change in accumulated other comprehensive income (loss)
(49,876)(45,400)(50,925)(1,106)5,566 21,064 (120,677)
Balances as of September 30, 2024$(153,798)$(45,400)$(206,655)$(1,106)$5,566 $56,771 $(344,622)
The following tables summarize the amounts reclassified from AOCI to the Consolidated Statement of Operations for the three and nine months ended September 30, 2025:
Three Months Ended
September 30, 2025
RevenuesCost of RevenuesInterest and other income (expense)Provision for Income TaxesTotal Reclassifications
(in thousands)
Gains (losses) on available-for-sale securities
Amount of gains (losses) reclassified from AOCI$— $— $— $— $— 
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI(129,365)1,655 — 29,319 (98,391)
Gains (losses) on derivatives in fair value hedging relationship
Foreign exchange contracts
Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach— — (14,690)3,373 (11,317)
Total$(129,365)$1,655 $(14,690)$32,692 $(109,708)
Nine Months Ended
September 30, 2025
RevenuesCost of RevenuesInterest and other income (expense)Provision for Income TaxesTotal Reclassifications
(in thousands)
Gains (losses) on available-for-sale securities
Amount of gains (losses) reclassified from AOCI$— $— $121 $(28)$93 
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI(1,954)(340)— 527 (1,767)
Gains (losses) on derivatives in fair value hedging relationship
Foreign exchange contracts
Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach— — (44,061)10,116 (33,945)
Total$(1,954)$(340)$(43,940)$10,615 $(35,619)
The following tables summarize the amounts reclassified from AOCI to the Consolidated Statement of Operations for the three and nine months ended September 30, 2024:
Three Months Ended
September 30, 2024
RevenuesCost of RevenuesInterest and other income (expense)Provision for Income TaxesTotal Reclassifications
(in thousands)
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI$48,184 $297 $— $(11,116)$37,365 
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— — (9,069)2,079 (6,990)
Total$48,184 $297 $(9,069)$(9,037)$30,375 
Nine Months Ended
September 30, 2024
RevenuesCost of RevenuesInterest and other income (expense)Provision for Income TaxesTotal Reclassifications
(in thousands)
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI$70,244 $564 $— $(16,235)$54,573 
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— — (9,069)2,079 (6,990)
Total$70,244 $564 $(9,069)$(14,156)$47,583