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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Reportable segment financial information is as follows:
(in millions)
202520242023
Net revenues
Product Commerce$29,592 $26,699 $23,594 
Developing Offerings4,942 3,569 789 
Total net revenues$34,534 $30,268 $24,383 
Cost of sales
Product Commerce$20,126 $18,594 $17,313 
Developing Offerings4,267 2,843 880 
Total cost of sales$24,393 $21,437 $18,193 
Gross profit
Product Commerce$9,466 $8,105 $6,282 
Developing Offerings675 726 (91)
Total gross profit$10,141 $8,831 $6,190 
Other segment items (1)
Product Commerce6,981 6,099 4,741 
Developing Offerings1,670 1,357 375 
Total other segment items$8,651 $7,456 $5,116 
Segment adjusted EBITDA
Product Commerce$2,485 $2,006 $1,540 
Developing Offerings(995)(631)(466)
Total segment adjusted EBITDA$1,490 $1,375 $1,074 
(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:
(in millions)202520242023
Total gross profit$10,141 $8,831 $6,190 
Operating, general and administrative(9,668)(8,395)(5,717)
Interest expense(86)(140)(48)
Interest income199 216 178 
Other income (expense), net11 (39)(19)
Income before income taxes
$597 $473 $584 
(in millions)202520242023
Total segment adjusted EBITDA$1,490 $1,375 $1,074 
Depreciation and amortization(517)(433)(275)
Equity-based compensation(475)(433)(326)
Acquisition and restructuring related costs, net(25)(127)— 
KFTC administrative fine (see Note 14)— (121)— 
FC Fire insurance gain— 175 — 
Interest expense(86)(140)(48)
Interest income199 216 178 
Other income (expense), net11 (39)(19)
Income before income taxes
$597 $473 $584 
Note: Amounts may not foot due to rounding.