v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net revenue $ 32,791 $ 28,167 $ 25,098
Operating Expenses:      
General and administrative 11,318 10,193 8,927
Advertising and marketing 929 815 825
Depreciation and amortization 1,143 897 799
Provision for litigation 504 680 539
Total operating expenses 13,894 12,585 11,090
Operating income 18,897 15,582 14,008
Other Income (Expense):      
Investment income 325 327 274
Gains (losses) on equity investments, net (88) (29) (61)
Interest expense (722) (646) (575)
Other income (expense), net 166 20 (7)
Total other income (expense) (319) (328) (369)
Income before income taxes 18,578 15,254 13,639
Income tax expense 3,610 2,380 2,444
Net Income $ 14,968 $ 12,874 $ 11,195
Basic Earnings per Share (in dollars per share) $ 16.54 $ 13.91 $ 11.86
Basic weighted-average shares outstanding (in shares) 905 925 944
Diluted Earnings per Share (in dollars per share) $ 16.52 $ 13.89 $ 11.83
Diluted weighted-average shares outstanding (in shares) 906 927 946