v3.26.1
Balance Sheet Components (Tables)
 6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Schedule of Cash Equivalents and Investments
The following tables summarize the cost or amortized cost, gross unrealized gain, gross unrealized loss, and fair value of the Company’s cash equivalents and investments (in millions):
December 31, 2025
Cost or
Amortized
Cost		UnrealizedEstimated
Fair
Value
GainsLosses
Cash equivalents
Money market funds$1,905 $— $— $1,905 
U.S. Treasury securities1 — — 1 
Time deposits
26 — — 26 
Short-term investments
Certificates of deposit25 — — 25 
Commercial paper32 — — 32 
Corporate bonds469 1 — 470 
U.S. government agency securities30 — — 30 
U.S. Treasury securities360 1 — 361 
Mutual funds57 2 — 59 
Time deposits
151 — — 151 
Long-term investments
Corporate bonds463 1 — 464 
U.S. government agency securities91 — — 91 
U.S. Treasury securities281 1 — 282 
Total$3,891 $6 $— $3,897 
June 30, 2026
Cost or
Amortized
Cost		UnrealizedEstimated
Fair
Value
GainsLosses
Cash equivalents
Money market funds$2,865 $— $— $2,865 
Commercial paper3 — — 3 
Corporate bonds1 — — 1 
U.S. Treasury securities2 — — 2 
Time deposits
4 — — 4 
Short-term investments
Certificates of deposit25 — — 25 
Commercial paper45 — — 45 
Corporate bonds433 — — 433 
U.S. government agency securities35 — — 35 
U.S. Treasury securities327 — — 327 
Mutual funds56 2 — 58 
Long-term investments
Corporate bonds566 — (3)563 
U.S. government agency securities91 — (1)90 
U.S. Treasury securities217 — (1)216 
Total$4,670 $2 $(5)$4,667 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in millions):
December 31,
2025		June 30,
2026
Prepaid expenses$414 $414 
Deferred contract costs79 80 
Other receivable279 214 
Other current assets397 440 
Total$1,169 $1,148 
Schedule of Property and Equipment, net
Property and equipment, net consisted of the following (in millions):
December 31,
2025		June 30,
2026
Equipment for merchants$235 $245 
Computer equipment and software126 142 
Capitalized software and website development costs1,895 2,273 
Leasehold improvements268 287 
Office and other equipment149 167 
Construction in progress48 89 
Total2,721 3,203 
Less: Accumulated depreciation and amortization(1,654)(1,957)
Property and equipment, net$1,067 $1,246 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
December 31,
2025		June 30,
2026
Dasher and merchant payable$1,703 $1,714 
Insurance reserves1,114 1,065 
Sales tax payable and accrued sales and indirect taxes589 586 
Contract liabilities547 554 
Accrued operations related expenses502 482 
Accrued compensation and benefits282 297 
Litigation reserves263 406 
Accrued advertising170 201 
Other475 442 
Total$5,645 $5,747