XML 42 R32.htm IDEA: XBRL DOCUMENT v3.25.2
Supplemental Financial Statement Information (Tables)
 6 Months Ended
Jun. 30, 2025
Balance Sheet Components Disclosure [Abstract]  
Schedule of Property and Equipment
Property and equipment, net, consisted of the following (in millions):
As of
December 31, 2024		As of
June 30, 2025
Technical infrastructure(1)
$139,596 $167,467 
Office space43,714 45,493 
Corporate and other assets16,519 17,920 
Property and equipment, in service199,829 230,880 
Less: accumulated depreciation(79,390)(89,349)
Add: assets not yet in service50,597 61,700 
Property and equipment, net$171,036 $203,231 
(1)    As of December 31, 2024 and June 30, 2025, approximately 60% of technical infrastructure assets were comprised of servers and network equipment. The remaining balance was comprised of data center land and buildings and related assets.
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
As of
December 31, 2024		As of
June 30, 2025
Accrued purchases of property and equipment(1)
$7,104 $6,818 
European Commission fines(2)
6,322 7,099 
Accrued customer liabilities4,304 4,247 
Payables to brokers for unsettled investment trades3,866 3,112 
Income taxes payable, net2,905 786 
Other accrued expenses and current liabilities(3)
26,727 29,977 
Accrued expenses and other current liabilities$51,228 $52,039 
(1)    Additional property and equipment purchases of $3.2 billion and $3.8 billion as of December 31, 2024 and June 30, 2025, respectively, were included in accounts payable.
(2)    The amounts related to the European Commission (EC) fines, including any under appeal, are included in accrued expenses and other current liabilities on our Consolidated Balance Sheets. Amounts include the effects of foreign exchange and interest. See Note 10 for further details.
(3)     As of June 30, 2025, other accrued expenses and current liabilities included a $1.4 billion charge related to a settlement in principle of certain legal matters.
Schedule of Components of Accumulated Other Comprehensive Income
Components of AOCI, net of income tax, were as follows (in millions):
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale InvestmentsUnrealized Gains (Losses) on Cash Flow HedgesTotal
Balance as of December 31, 2023$(3,407)$(965)$(30)$(4,402)
Other comprehensive income (loss) before reclassifications(950)(453)367 (1,036)
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI0 0 51 51 
Amounts reclassified from AOCI0 541 (166)375 
Other comprehensive income (loss)(950)88 252 (610)
Balance as of June 30, 2024$(4,357)$(877)$222 $(5,012)
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale InvestmentsUnrealized Gains (Losses) on Cash Flow HedgesTotal
Balance as of December 31, 2024$(5,080)$(299)$579 $(4,800)
Other comprehensive income (loss) before reclassifications3,273 836 (1,064)3,045 
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI0 0 (169)(169)
Amounts reclassified from AOCI0 (113)(90)(203)
Other comprehensive income (loss)3,273 723 (1,323)2,673 
Balance as of June 30, 2025$(1,807)$424 $(744)$(2,127)
Schedule of Effects on Net Income of Amounts Reclassified from AOCI
The effects on net income of amounts reclassified from AOCI were as follows (in millions):
Three Months EndedSix Months Ended
 June 30,June 30,
 AOCI ComponentsLocation2024202520242025
Unrealized gains (losses) on available-for-sale investments
Other income (expense), net$(295)$37 $(694)$141 
Benefit (provision) for income taxes65 (8)153 (28)
Net of income tax(230)29 (541)113 
Unrealized gains (losses) on cash flow hedges
Foreign exchange contractsRevenue106 (138)180 104 
Interest rate contractsOther income (expense), net0 0 1 0 
Benefit (provision) for income taxes(11)31 (15)(14)
Net of income tax95 (107)166 90 
Total amount reclassified, net of income tax$(135)$(78)$(375)$203 
Schedule of Other Income (Expense), Net
Components of OI&E were as follows (in millions):
 Three Months EndedSix Months Ended
June 30,June 30,
 2024202520242025
Interest income$1,090 $1,050 $2,151 $2,051 
Interest expense(1)
(67)(261)(161)(295)
Foreign currency exchange gain (loss), net(173)(69)(411)(175)
Gain (loss) on debt securities, net(310)165 (772)367 
Gain (loss) on equity securities, net(714)1,286 1,529 11,044 
Performance fees128 (83)232 (123)
Income (loss) and impairment from equity method investments, net32 419 6 397 
Other140 155 395 579 
Other income (expense), net$126 $2,662 $2,969 $13,845 
(1)Interest expense is net of interest capitalized of $43 million and $92 million for the three months ended June 30, 2024 and 2025, respectively, and $86 million and $171 million for the six months ended June 30, 2024 and 2025, respectively.