v3.24.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 2,797 $ 2,288 $ 8,027 $ 6,534
Cost of revenues:        
Total cost of revenues [1] 584 496 1,656 1,405
Gross profit 2,213 1,792 6,371 5,129
Operating expenses:        
Sales and marketing [1] 944 799 2,827 2,454
Research and development [1] 626 549 1,875 1,562
General and administrative [1] 225 213 679 621
Total operating expenses [1] 1,795 1,561 5,381 4,637
Income from operations 418 231 990 492
Interest income 108 82 313 216
Other expense, net (10) (14) (28) (47)
Income before income taxes 516 299 1,275 661
Provision for (benefit from) income taxes 84 57 234 (775)
Net income $ 432 $ 242 $ 1,041 $ 1,436
Net income per share - basic (in USD per share) $ 2.09 $ 1.18 $ 5.06 $ 7.04
Net income per share - diluted (in USD per share) $ 2.07 $ 1.17 $ 5.00 $ 7.00
Weighted-average shares used to compute net income per share - basic (in shares) 206,158 204,464 205,639 203,961
Weighted-average shares used to compute net income per share - diluted (in shares) 208,552 206,277 208,004 205,194
Other comprehensive income (loss):        
Foreign currency translation adjustments $ 50 $ (64) $ 3 $ (51)
Unrealized gain (loss) on investments, net of tax 60 (2) 44 (4)
Unrealized loss on derivative instruments, net of tax (52) 0 (30) 0
Other comprehensive income (loss) 58 (66) 17 (55)
Comprehensive income 490 176 1,058 1,381
Subscription        
Revenues:        
Total revenues 2,715 2,216 7,780 6,315
Cost of revenues:        
Total cost of revenues [1] 496 420 1,406 1,163
Professional services and other        
Revenues:        
Total revenues 82 72 247 219
Cost of revenues:        
Total cost of revenues [1] $ 88 $ 76 $ 250 $ 242
[1] Includes stock-based compensation as follows:
 Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Cost of revenues:
Subscription$64 $52 $184 $148 
Professional services and other11 11 35 40 
Operating expenses:
Sales and marketing144 132 419 378 
Research and development150 150 479 430 
General and administrative57 68 175 195