v3.25.4
Segment and Geographic Information
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Segment and Geographic Information Segment and Geographic Information
Segment Information

Operating segments are defined as components of an entity for which discrete financial information is available and is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in making decisions regarding resource allocation and performance assessment. The Company’s CODM is its Chief Executive Officer. The Company has one operating segment and one reportable segment. The CODM assesses financial performance and decides how to allocate resources based on consolidated net income. Segment assets are reported on the Company’s consolidated balance sheets.
The following table sets forth the Company’s significant segment expenses (in millions):
Year Ended December 31,
202320242025
Revenue$9,917 $11,102 $12,241 
Less:
Merchant fees and chargebacks
1,369 1,508 1,666 
Stock-based compensation expense
1,120 1,407 1,592 
Salaries and benefits1,558 1,686 2,009 
Marketing
1,215 1,514 1,704 
Professional and third-party services(1)
1,078 1,083 1,218 
Non-income taxes894 237 305 
Other items(2)
1,165 1,114 1,203 
Total cost and expense8,399 8,549 9,697 
Income from operations1,518 2,553 2,544 
Interest income721 818 705 
Other expense, net(137)(40)(112)
Income before income taxes2,102 3,331 3,137 
Provision for (benefit from) income taxes(2,690)683 626 
Net income$4,792 $2,648 $2,511 

(1)Professional and third-party services primarily include expenses related to customer support partners, consultants and third-party service providers, contingent workforce, fees for legal, audit, and tax services.
(2)Other items primarily include expenses and costs related to data hosting services, insurance, customer relations, and software and equipment.

Geographic Information

The following table sets forth the breakdown of revenue by geography, determined based on the location of the host’s listing (in millions):

Year Ended December 31,
202320242025
United States
$4,290 $4,640 $4,814 
International1
5,627 6,462 7,427 
Total revenue$9,917 $11,102 $12,241 

(1)No individual international country represented 10% or more of the Company’s total revenue in 2023, 2024, or 2025.

The following table sets forth the breakdown of long-lived assets based on geography (in millions):

 December 31,
 20242025
United States$245 $204 
Ireland30 22 
Other international16 31 
Total long-lived assets$291 $257 

Long-lived assets as of December 31, 2024 and 2025 consisted of property and equipment and operating lease ROU assets. Long-lived assets attributed to the United States, Ireland, and other international geographies are based upon the country in which the asset is located.