v3.25.4

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenues	$ 45,183,036	$ 39,000,966	$ 33,723,297
Cost of revenues	23,275,329	21,038,464	19,715,368
Sales and marketing	3,301,306	2,917,554	2,657,883
Technology and development	3,391,390	2,925,295	2,675,758
General and administrative	1,888,408	1,702,039	1,720,285
Operating income	13,326,603	10,417,614	6,954,003
Other income (expense):
Interest expense	(776,510)	(718,733)	(699,826)
Interest and other income (expense)	172,459	266,776	(48,772)
Income before income taxes	12,722,552	9,965,657	6,205,405
Provision for income taxes	(1,741,351)	(1,254,026)	(797,415)
Net income	$ 10,981,201	$ 8,711,631	$ 5,407,990
Earnings per share:
Basic (in USD per share)	$ 2.58	$ 2.03	$ 1.22
Diluted (in USD per share)	$ 2.53	$ 1.98	$ 1.20
Weighted-average shares of common stock outstanding:
Basic (in shares)	4,249,512	4,295,191	4,415,712
Diluted (in shares)	4,343,863	4,392,608	4,494,966

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

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