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Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Reportable segment financial information is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)
2025202420252024
Net revenues
Product Commerce$7,980 $6,891 $22,184 $19,816 
Developing Offerings1,287 975 3,515 2,487 
Total net revenues$9,267 $7,866 $25,699 $22,303 
Cost of sales
Product Commerce$5,416 $4,823 $15,079 $13,962 
Developing Offerings1,131 774 3,023 2,001 
Total cost of sales$6,547 $5,597 $18,102 $15,963 
Gross profit
Product Commerce$2,564 $2,068 $7,105 $5,854 
Developing Offerings156 201 492 486 
Total gross profit$2,720 $2,269 $7,597 $6,340 
Other segment items (1)
Product Commerce1,859 1,598 5,187 4,387 
Developing Offerings448 328 1,187 999 
Total other segment items$2,307 $1,926 $6,374 $5,386 
Segment adjusted EBITDA
Product Commerce$705 $470 $1,918 $1,467 
Developing Offerings(292)(127)(695)(513)
Total segment adjusted EBITDA$413 $343 $1,223 $954 
(1)Other segment items relate to operating, general and administrative expense, excluding depreciation and amortization, equity-based compensation expense, impairments and other items that we do not believe are reflective of our ongoing operations. The CODM does not regularly review disaggregated expense information included within “Other segment Items” for any individual segment.
Reconciliations of segment profit or loss:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Total gross profit2,720 2,269 7,597 6,340 
Operating, general and administrative(2,558)(2,160)(7,132)(6,216)
Interest expense(22)(36)(70)(100)
Interest income52 55 152 163 
Other (expense) income, net(27)4 28 7 
Income before income taxes$165 $132 $575 $194 
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Total segment adjusted EBITDA
$413 $343 $1,223 $954 
Depreciation and amortization$(133)$(112)$(381)$(313)
Equity-based compensation(118)(114)(352)(311)
Acquisition and restructuring related losses, net— (8)(25)(85)
KFTC administrative fine (see Note 10)— — — (121)
Interest expense(22)(36)(70)(100)
Interest income52 55 152 163 
Other (expense) income, net(27)4 28 7 
Income before income taxes$165 $132 $575 $194 
Note: Amounts may not foot due to rounding.