XML 35 R25.htm IDEA: XBRL DOCUMENT v3.25.1
Stockholders’ Equity and Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Repurchased
A summary of the stock repurchase activity under the Existing Repurchase Program for the three months ended March 31, 2025 is as follows (in millions, except per share amounts):
Three Months Ended
March 31, 2025
Aggregate purchase price$787.1 
Shares repurchased8.7 
Average price paid per share$90.5 
Schedule of Option Activity The following table summarizes the option activity under our stock plans and related information (in millions, except years and per share amounts):
Number of
Shares
Underlying
Outstanding Options		Weighted-
Average
Exercise
Price per Share 		Weighted-
Average
Remaining
Contractual
Term (in years) 		Aggregate
Intrinsic
Value
Balance—December 31, 20243.1 $6.71 1.5$320.9 
       Options granted — — 
       Options exercised (1.0)4.03 
       Options canceled(0.1)14.49 
Balance—March 31, 20252.0 $7.92 1.8$137.8 
Vested and exercisable—March 31, 20251.9 $7.74 1.8$134.8 
Schedule of Restricted Stock Units Activity A summary of the RSU activity is presented below (in millions, except years and per share amounts):
Number of
Shares		Weighted-
Average Grant
Date Fair Value Per Share
Unvested balance—December 31, 202428.6 $45.46 
              RSUs and PRSUs granted1.5 96.18 
              RSUs and PRSUs vested(2.8)38.11 
              RSUs and PRSUs forfeited/canceled(0.9)43.37 
Unvested balance—March 31, 202526.4 $49.36 
Schedule of Stock-based Compensation Expense The following table summarizes the stock-based compensation expense related to our equity awards (in millions):
Three Months Ended March 31,
20252024
Cost of revenue $5.5 $3.4 
Research and development 57.0 43.8 
Sales and marketing
19.9 18.9 
General and administrative 10.6 11.1 
              Total stock-based compensation $93.0 $77.2