v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Segment Information

Operating segments are defined as components of an entity for which discrete financial information is available and is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in making decisions regarding resource allocation and performance assessment. The Company’s CODM is its Chief Executive Officer. The Company has one operating segment and one reportable segment. The CODM assesses financial performance and decides how to allocate resources based on consolidated net income. Segment assets are reported on the Company’s unaudited condensed consolidated balance sheets.

The following table sets forth the Company’s significant segment expenses (in millions):

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
Revenue$3,096 $3,608 $5,368 $6,286 
Less:
Merchant fees and chargebacks
436 517 835 991 
Salaries and benefits482 591 989 1,178 
Marketing468 600 850 1,106 
Stock-based compensation expense
424 487 782 897 
Professional and third-party services(1)
320 299 580 581 
Non-income taxes50 22 107 70 
Other items(2)
304 334 575 619 
Total costs and expenses2,484 2,850 4,718 5,442 
Income from operations612 758 650 844 
Interest income190 183 363 338 
Interest expense(6)(37)(11)(58)
Other income (expense), net(17)(7)(50)54 
Income before income taxes779 897 952 1,178 
Provision for income taxes137 81 156 202 
Net income $642 $816 $796 $976 

(1)Professional and third-party services primarily include expenses related to customer support partners, consultants and third-party service providers, contingent workforce and fees for legal, audit, and tax.
(2)Other items primarily include expenses and costs related to data hosting services, insurance, software and equipment, and customer relations.