v3.26.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2026
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):
March 31, 2026December 31, 2025
Website development costs$585 $596 
Leasehold improvements33 32 
Computer equipment16 17 
Office equipment, furniture and fixtures
Property and equipment643 654 
Less: accumulated amortization and depreciation(291)(304)
Property and equipment, net$352 $350 
We recorded depreciation expense related to property and equipment (other than website development costs) of $2 million and $4 million for the three months ended March 31, 2026 and 2025, respectively.
We capitalized website development costs of $44 million and $48 million for the three months ended March 31, 2026 and 2025, respectively. Amortization expense for website development costs included in cost of revenue was $42 million and $41 million for the three months ended March 31, 2026 and 2025, respectively.