Equity-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Activity Relating to Restricted Stock Units

The following table presents activity relating to RSUs for the three months ended March 31, 2024:

	Shares	Weighted-Average Grant Date Fair Value
Unvested at December 31, 2023	5,186,886	$	93.68
RSUs granted	1,321,993	$	65.40
RSUs vested	(2,279,438)	$	75.40
RSUs forfeited/canceled	(720,589)	$	99.23
Unvested at March 31, 2024	3,508,852	$	93.74

The following table summarizes activity for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024		2023
Weighted average grant date fair value of RSUs	$	65.40	$	41.63
Total fair value of vested RSUs (in millions)	$	172	$	171
Intrinsic value of RSUs vested (in millions)	$	129	$	117

Schedule of Equity-Based Compensation

Equity-based compensation was classified as follows in the condensed consolidated statements of operations:

		Three Months Ended March 31,
		2024		2023
	(in millions)
Cost of goods sold		$	2	$	3
Customer service and merchant fees		5		8
Selling, operations, technology, general and administrative		112		133
Total equity-based compensation expense		$	119	$	144