Accrued and Other Current Liabilities

6 Months Ended

Jun. 30, 2026


9.						Accrued and Other Current Liabilities

Accrued and other current liabilities were as follows:


	As of December 31,		As of June 30,
	2025		2026

	(in millions)
Accrued legal and regulatory matters	$	158	$	87
Accrued shopper and merchant liability (1)	103		97
Accrued advertising	53		63
Accrued compensation and benefits	28		36

Accrued professional, legal, and contractor services	51		66
Sales and indirect tax liabilities	31		28
Insurance reserves	72		91
Advances from payment card issuer	22		56
Gift cards and rewards	47		44
Other	67		64
Total	$	634	$	631

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(1) Accrued merchant liability primarily includes liabilities to certain retailers for payment of goods.