v3.25.4
Supplemental Financial Statement Information
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Statement Information Supplemental Financial Statement Information
Cash, Cash Equivalents, and Restricted Cash

The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s consolidated balance sheets to the total amount presented in the consolidated statements of cash flows (in millions):
December 31,
20242025
Cash and cash equivalents$6,864 $6,560 
Cash and cash equivalents included in funds receivable and amounts held on behalf of customers5,871 6,891 
Restricted cash included in prepaids and other current assets
25 35 
Total cash, cash equivalents, and restricted cash presented on the consolidated statements of cash flows$12,760 $13,486 

Supplemental Disclosures of Cash Flow Information

Supplemental cash flow information consisted of the following (in millions):

Year Ended December 31,
202320242025
Cash paid for:
Operating leases$84 $89 $87 
Interest expense
55 2 2 
Income taxes, net of refunds:
Federal$65 
State46 
Foreign121 
Cash paid for income taxes, net of refunds
$232 

Cash paid for income taxes, net of refunds (prior to ASU 2023-09) was $132 million and $350 million in 2023 and 2024, respectively.

Year Ended December 31,
202320242025
Noncash investing and financing activities:
Net impact of non-cash changes to right-of-use assets related to modifications and reassessments of operating leases$20 $57 $36 
Net settlement of cashless warrants exercised$202 $22 $— 
Net settlement of cashless stock options exercised$36 $— $— 
Supplemental disclosures of balance sheet information

Supplemental balance sheet information consisted of the following (in millions):

December 31,
20242025
Prepaids and other current assets:
Customer receivables
$175 $225 
Customer receivables reserve
(28)(39)
Other (web hosting prepayments, payment processor receivables, and other)
491 638 
Prepaids and other current assets
$638 $824 
Other assets, noncurrent:
Property and equipment, net$147 $107 
Operating lease right-of-use assets144 150 
Other (web hosting prepayments and other)
272 282 
Other assets, noncurrent$563 $539 
Accrued expenses, accounts payable, and other current liabilities:
Indirect taxes payable and estimated lodging and withholding tax liabilities
$1,055 $1,132 
Compensation and employee benefits498 593 
Accounts payable142 232 
Operating lease liabilities, current63 68 
Other (insurance, advertising costs, and other)
856 923 
Accrued expenses, accounts payable, and other current liabilities$2,614 $2,948 
Other liabilities, noncurrent:
Operating lease liabilities, noncurrent
$236 $204 
Other
155 156 
Other liabilities, noncurrent
$391 $360 
Payments to Customers

The following table summarizes total payments made to customers (in millions):

Year Ended December 31,
202320242025
Reductions to revenue
$360 $455 $484 
Charges to operations and support
96 118 101 
Charges to sales and marketing expense
61 54 77 
Total payments made to customers
$517 $627 $662 

Revenue Disaggregated by Geographic Region

The following table presents revenue disaggregated by listing location (in millions):

Year Ended December 31,
202320242025
North America$4,638 $5,006 $5,196 
Europe, the Middle East, and Africa
3,615 4,135 4,729 
Latin America824 969 1,160 
Asia Pacific840 992 1,156 
Total revenue disaggregated by geographic region$9,917 $11,102 $12,241