v3.26.3
Property and Equipment
9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consists of the following (in millions):
September 30, 2026December 31, 2025
Computer equipment$3,437 $3,332 
Computer software170 126 
Leasehold and other improvements514 433 
Furniture and fixtures124 117 
Construction in progress146 117 
Property and equipment, gross4,391 4,125 
Less: Accumulated depreciation(2,246)(1,836)
Property and equipment, net$2,145 $2,289 
Construction in progress consists of costs primarily related to leasehold and other improvements. Depreciation expense for the three months ended September 30, 2026 and 2025 was $162 million and $133 million, respectively, and for the nine months ended September 30, 2026 and 2025 was $465 million and $365 million, respectively.