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Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 2,204.8 $ 1,690.4 $ 4,209.6 $ 3,261.8
Cost of revenue:        
Total cost of revenue 766.2 593.2 1,494.9 1,163.2
Gross profit 1,438.6 1,097.2 2,714.7 2,098.6
Operating expenses:        
Research and development 296.5 267.5 562.9 475.9
Sales and marketing 126.5 104.4 243.1 209.5
General and administrative 29.4 25.7 63.7 53.5
Total operating expenses 452.4 397.6 869.7 738.9
Income from operations 986.2 699.6 1,845.0 1,359.7
Other income (expense), net 94.0 70.8 190.2 133.5
Income before income taxes 1,080.2 770.4 2,035.2 1,493.2
Provision for income taxes 191.4 105.0 332.6 190.1
Net income $ 888.8 $ 665.4 $ 1,702.6 $ 1,303.1
Net income per share        
Basic (in dollars per share) [1] $ 0.71 $ 0.53 $ 1.35 $ 1.04
Diluted (in dollars per share) [1] $ 0.70 $ 0.52 $ 1.34 $ 1.02
Weighted-average shares used in computing net income per share        
Basic (in shares) [1] 1,256.3 1,254.8 1,258.2 1,253.5
Diluted (in shares) [1] 1,271.2 1,279.7 1,275.2 1,279.6
Product        
Revenue:        
Total revenue $ 1,877.0 $ 1,423.3 $ 3,569.5 $ 2,752.1
Cost of revenue:        
Total cost of revenue 707.3 540.4 1,380.0 1,062.1
Service        
Revenue:        
Total revenue 327.8 267.1 640.1 509.7
Cost of revenue:        
Total cost of revenue $ 58.9 $ 52.8 $ 114.9 $ 101.1
[1] Prior period results have been adjusted to reflect the four-for-one stock split effected in December 2024. See Note 1, Organization and Summary of Accounting Policies, for details.