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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 2,627 $ 2,150 $ 5,230 $ 4,246
Cost of revenues:        
Total cost of revenues [1] 552 471 1,072 909
Gross profit 2,075 1,679 4,158 3,337
Operating expenses:        
Sales and marketing [1] 960 832 1,883 1,655
Research and development [1] 643 521 1,249 1,013
General and administrative [1] 232 209 454 408
Total operating expenses [1] 1,835 1,562 3,586 3,076
Income from operations 240 117 572 261
Interest income 104 74 205 134
Other expense, net (10) (17) (18) (33)
Income before income taxes 334 174 759 362
Provision for (benefit from) income taxes 72 (870) 150 (832)
Net income $ 262 $ 1,044 $ 609 $ 1,194
Net income per share - basic (in USD per share) $ 1.27 $ 5.12 $ 2.97 $ 5.86
Net income per share - diluted (in USD per share) $ 1.26 $ 5.08 $ 2.93 $ 5.83
Weighted-average shares used to compute net income per share - basic (in shares) 205,644 204,021 205,376 203,705
Weighted-average shares used to compute net income per share - diluted (in shares) 207,799 205,351 207,740 204,690
Other comprehensive (loss) income:        
Foreign currency translation adjustments $ (17) $ 0 $ (47) $ 13
Unrealized loss on investments, net of tax (3) (21) (16) (2)
Unrealized gain on derivative instruments, net of tax 10 0 22 0
Other comprehensive (loss) income (10) (21) (41) 11
Comprehensive income 252 1,023 568 1,205
Subscription        
Revenues:        
Total revenues 2,542 2,075 5,065 4,099
Cost of revenues:        
Total cost of revenues [1] 469 389 910 743
Professional services and other        
Revenues:        
Total revenues 85 75 165 147
Cost of revenues:        
Total cost of revenues [1] $ 83 $ 82 $ 162 $ 166
[1] Includes stock-based compensation as follows:
 Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Cost of revenues:
Subscription$62 $50 $120 $96 
Professional services and other12 15 24 29 
Operating expenses:
Sales and marketing141 120 275 246 
Research and development170 145 329 280 
General and administrative59 67 118 127