v3.25.4
Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following table presents the detail of property and equipment, net as of the dates presented (in millions):
December 31,
20252024
Website development costs$596 $564 
Leasehold improvements32 45 
Computer equipment17 18 
Office equipment, furniture and fixtures16 
Property and equipment654 643 
Less: accumulated amortization and depreciation(304)(283)
Property and equipment, net$350 $360 

We recorded depreciation expense related to property and equipment (other than website development costs) of $12 million, $15 million and $24 million for the years ended December 31, 2025, 2024 and 2023, respectively.
We capitalized website development costs of $179 million, $196 million and $191 million for the years ended December 31, 2025, 2024 and 2023, respectively. Amortization expense for website development costs included in cost of revenue was $163 million, $148 million and $110 million for the years ended December 31, 2025, 2024 and 2023, respectively.