Supplemental Financial Statement Information (Tables)

3 Months Ended

Mar. 31, 2026

Balance Sheet Components Disclosure [Abstract]

Property and equipment, net, consisted of the following (in millions):


	As of December 31, 2025		As of March 31, 2026
Technical infrastructure(1)	$	203,679	$	217,886
Office space	48,348		48,772
Corporate and other assets	14,463		5,945
Property and equipment, in service	266,490		272,603
Less: accumulated depreciation	(98,485)		(100,180)
Add: assets not yet in service	78,592		108,597
Property and equipment, net	$	246,597	$	281,020

(1) As of December 31, 2025 and March 31, 2026, 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, 2025		As of March 31, 2026
Accrued fines and settlements(1)	$	15,594	$	15,551
Accrued purchases of property and equipment	8,877		12,873
Accrued customer liabilities	5,029		4,965
Payables to brokers for unsettled investment trades	950		631
Income taxes payable, net	523		3,905
Other accrued expenses and current liabilities	24,584		25,094
Accrued expenses and other current liabilities	$	55,557	$	63,019

(1) See Legal Matters in Note 10 for further details.

Schedule of Components of Accumulated Other Comprehensive Income

Components of AOCI, net of income tax, were as follows (in millions):


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Investments		Unrealized Gains (Losses) on Cash Flow Hedges		Total
Balance as of December 31, 2024	$	(5,080)	$	(299)	$	579	$	(4,800)
Other comprehensive income (loss) before reclassifications	663		645		(252)		1,056
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	0		0		(61)		(61)
Amounts reclassified from AOCI	0		(84)		(197)		(281)
Other comprehensive income (loss)	663		561		(510)		714
Balance as of March 31, 2025	$	(4,417)	$	262	$	69	$	(4,086)


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Investments		Unrealized Gains (Losses) on Cash Flow Hedges		Total
Balance as of December 31, 2025	$	(2,558)	$	678	$	(36)	$	(1,916)
Other comprehensive income (loss) before reclassifications	(338)		(356)		196		(498)
Amounts excluded from the assessment of hedge effectiveness recorded in AOCI	12		0		83		95
Amounts reclassified from AOCI	0		(19)		158		139
Other comprehensive income (loss)	(326)		(375)		437		(264)
Balance as of March 31, 2026	$	(2,884)	$	303	$	401	$	(2,180)

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 Ended
		March 31,
AOCI Components	Location	2025		2026
Unrealized gains (losses) on available-for-sale investments
	Other income (expense), net	$	104	$	24
	Benefit (provision) for income taxes	(20)		(5)
	Net of income tax	84		19
Unrealized gains (losses) on cash flow hedges
Foreign exchange derivatives	Revenue	242		(211)
Interest rate derivatives	Other income (expense), net	0		1
	Benefit (provision) for income taxes	(45)		52
	Net of income tax	197		(158)
Total amount reclassified, net of income tax		$	281	$	(139)

Schedule of Other Income (Expense), Net

Components of OI&E were as follows (in millions):


	Three Months Ended
	March 31,
	2025		2026
Interest income	$	1,001	$	1,381
Interest expense(1)	(34)		(533)
Foreign currency exchange gain (loss), net	(106)		146
Gain (loss) on debt securities, net	202		(111)
Gain (loss) on equity securities, net	9,758		36,915
Income (loss) and impairment from equity method investments, net	(22)		60
Other	384		(142)
Other income (expense), net	$	11,183	$	37,716

(1)Interest expense is net of interest capitalized of $79 million and $265 million for the three months ended March 31, 2025 and 2026, respectively.