Net Income Per Share

9 Months Ended

Sep. 30, 2023

The following table sets forth the computation of our basic and diluted net income per share (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income	$	545,327	$	353,999	$	1,473,685	$	925,357
Denominator:
Weighted-average shares used in computing net income per share, basic	310,185		304,931		308,602		306,576
Add weighted-average effect of dilutive securities:
Employee equity awards	7,446		9,470		7,962		10,169
Weighted-average shares used in computing net income per share, diluted	317,631		314,401		316,564		316,745
Net income per share:
Basic	$	1.76	$	1.16	$	4.78	$	3.02
Diluted	$	1.72	$	1.13	$	4.66	$	2.92

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share for the periods presented because their effect would have been anti-dilutive for the periods presented (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Stock options and RSUs	4	292	191	379
Employee stock purchase plan	25	295	150	104
Total	29	587	341	483