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Recent Sales of Unregistered Securities
+Added: During the three months ended October 31, 2025, we issued approximately 45 thousand shares of our Class A common stock in connection with acquisitions, which are subject to certain time-based vesting provisions.
+Added: These shares of our Class A common stock were issued in reliance on one or more of the following exemptions or exclusions from the registration requirements of the Securities Act:
+Added: Section 4(a)(2) of the Securities Act, Regulation D promulgated under the Securities Act, and Regulation S promulgated under the Securities Act.
Purchases of Equity Securities by the Issuer
−Removed: The table below sets forth information regarding our purchases of our Class A common stock during the three months ended July 31, 2025 (in millions, except number of shares which are reflected in thousands and per share data):
+Added: The table below sets forth information regarding our purchases of our Class A common stock during the three months ended October 31, 2025 (in millions, except number of shares which are reflected in thousands, and per share data):
Period Total Number of Shares Purchased (2)
−Removed: Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program (1)
+Added: Average Price Paid per Share (1)
+Added: Total Number of Shares Purchased as Part of Publicly Announced Program (2)
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (1)(2)
−Removed: May 1, 2025 - May 31, 2025 351 $ 251.64 351 $ 1,421
−Removed: June 1, 2025 - June 30, 2025 597 246.78 597 1,274
−Removed: July 1, 2025 - July 31, 2025 268 234.95 268 1,211
+Added: August 1, 2025 - August 31, 2025 271 $ 224.18 271 $ 1,150
+Added: September 1, 2025 - September 30, 2025 2,410 240.76 2,410 4,570
+Added: October 1, 2025 - October 31, 2025 686 235.70 686 4,408
Total 3,367 3,367
−Removed: (1) In August 2024, our Board of Directors authorized the August 2024 Share Repurchase Program, under which we may repurchase up to $1.0 billion of our outstanding shares of Class A common stock, and in May 2025, our Board of Directors authorized the May 2025 Share Repurchase Program, under which we may repurchase up to an additional $1.0 billion of our outstanding shares of Class A common stock.
+Added: (1) Amounts exclude excise tax and commissions.
+Added: (2) In August 2024, our Board of Directors authorized the repurchase of up to $1.0 billion of our outstanding shares of Class A common stock, in May 2025, our Board of Directors authorized the repurchase of up to an additional $1.0 billion of our outstanding shares of Class A common stock, and in September 2025, our Board of Directors authorized the repurchase of up to an additional $4.0 billion of our outstanding shares of Class A common stock.
For further information, see Note 14, Stockholders’ Equity , of the Notes to Condensed Consolidated Financial Statements included in Part I, Item 1 of this report.
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+Added: Table o f Contents
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.