v3.24.3
Net Income Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income Per Share Available to Common Stock 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,
2024202320242023
Numerator:
Net income$747,938 $545,327 $2,051,058 $1,473,685 
Denominator:
Basic weighted-average shares outstanding 314,482 310,185 313,742 308,602 
Add weighted-average effect of dilutive securities:
    Employee equity awards5,966 7,446 6,336 7,962 
Diluted weighted-average shares outstanding 320,448 317,631 320,078 316,564 
Net income per share:
         Basic $2.38 $1.76 $6.54 $4.78 
         Diluted $2.33 $1.72 $6.41 $4.66 
The following table reflects basic and diluted weighted average shares and net income per share on an unaudited pro forma basis giving effect to the stock split as if it had been effective for all periods presented (in thousands, except per share amounts).
Pro Forma (Unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Numerator:
Net income$747,938 $545,327 $2,051,058 $1,473,685 
Denominator:
Basic weighted-average shares outstanding 1,257,928 1,240,740 1,254,968 1,234,408 
Add weighted-average effect of dilutive securities:
    Employee equity awards23,864 29,784 25,344 31,848 
Diluted weighted-average shares outstanding 1,281,792 1,270,524 1,280,312 1,266,256 
Net income per share:
         Basic $0.59 $0.44 $1.63 $1.19 
         Diluted $0.58 $0.43 $1.60 $1.16 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share 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,
2024202320242023
          Employee equity awards54 29 82 341