Supplemental Financial Statement Information (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Balance Sheet Components Disclosure [Abstract] |
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| Schedule of Property and Equipment |
Property and equipment, net, consisted of the following (in millions): | | | | | | | | | | | | | As of
December 31, 2025 | | As of
September 30, 2026 | Technical infrastructure(1) | $ | 203,679 | | | $ | 282,842 | | | Office space | 48,348 | | | 51,101 | | | Corporate and other assets | 14,463 | | | 7,157 | | | Property and equipment, in service | 266,490 | | | 341,100 | | | Less: accumulated depreciation | (98,485) | | | (113,543) | | | Add: assets not yet in service | 78,592 | | | 145,270 | | | Property and equipment, net | $ | 246,597 | | | $ | 372,827 | |
(1) As of December 31, 2025 and September 30, 2026, approximately 60% of technical infrastructure assets were comprised of servers and network equipment. The remaining balance was comprised of data center land and buildings and related assets.
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| Schedule of Accrued Expenses and Other Current Liabilities |
Accrued expenses and other current liabilities consisted of the following (in millions): | | | | | | | | | | | | | As of
December 31, 2025 | | As of
September 30, 2026 | Accrued fines and settlements(1) | $ | 15,594 | | | $ | 13,807 | | | Accrued purchases of property and equipment | 8,877 | | | 21,398 | | | Accrued customer liabilities | 5,029 | | | 5,328 | | | Payables to brokers for unsettled investment trades | 950 | | | 3,886 | | | Income taxes payable, net | 523 | | | 1,703 | | Other accrued expenses and current liabilities | 24,584 | | | 28,195 | | | Accrued expenses and other current liabilities | $ | 55,557 | | | $ | 74,317 | |
(1) See Legal Matters in Note 10 for further details.
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| Schedule of Components of Accumulated Other Comprehensive Income |
Components of AOCI, net of income tax, were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | Unrealized Gains (Losses) on Available-for-Sale Investments | | Unrealized Gains (Losses) on Cash Flow Hedges | | Total | | Balance as of December 31, 2024 | $ | (5,080) | | | $ | (299) | | | $ | 579 | | | $ | (4,800) | | | Other comprehensive income (loss) before reclassifications | 2,631 | | | 1,066 | | | (854) | | | 2,843 | | | Amounts excluded from the assessment of hedge effectiveness recorded in AOCI | 0 | | | 0 | | | (41) | | | (41) | | | Amounts reclassified from AOCI | 0 | | | (149) | | | 93 | | | (56) | | | Other comprehensive income (loss) | 2,631 | | | 917 | | | (802) | | | 2,746 | | | Balance as of September 30, 2025 | $ | (2,449) | | | $ | 618 | | | $ | (223) | | | $ | (2,054) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | Unrealized Gains (Losses) on Available-for-Sale Investments | | Unrealized Gains (Losses) on Cash Flow Hedges | | Total | | Balance as of December 31, 2025 | $ | (2,558) | | | $ | 678 | | | $ | (36) | | | $ | (1,916) | | | Other comprehensive income (loss) before reclassifications | (442) | | | (2,455) | | | 465 | | | (2,432) | | | Amounts excluded from the assessment of hedge effectiveness recorded in AOCI | (4) | | | 0 | | | 74 | | | 70 | | | Amounts reclassified from AOCI | 0 | | | 42 | | | (90) | | | (48) | | | Other comprehensive income (loss) | (446) | | | (2,413) | | | 449 | | | (2,410) | | | Balance as of September 30, 2026 | $ | (3,004) | | | $ | (1,735) | | | $ | 413 | | | $ | (4,326) | |
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| Schedule of Effects on Net Income of Amounts Reclassified from AOCI |
The effects on net income of amounts reclassified from AOCI were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | | September 30, | | September 30, | | AOCI Components | | Location | | 2025 | | 2026 | | 2025 | | 2026 | | Unrealized gains (losses) on available-for-sale investments | | | | | | | | | | | Other income (expense), net | | $ | 46 | | | $ | (35) | | | $ | 187 | | | $ | (55) | | | | Benefit (provision) for income taxes | | (10) | | | 8 | | | (38) | | | 13 | | | | Net of income tax | | 36 | | | (27) | | | 149 | | | (42) | | | Unrealized gains (losses) on cash flow hedges | | | | | | | | | | Foreign exchange derivatives | | Revenue | | (237) | | | 196 | | | (133) | | | 82 | | | Interest rate derivatives | | Other income (expense), net | | 0 | | | 1 | | | 0 | | | 3 | | | | Benefit (provision) for income taxes | | 54 | | | (34) | | | 40 | | | 5 | | | | Net of income tax | | (183) | | | 163 | | | (93) | | | 90 | | | Total amount reclassified, net of income tax | | $ | (147) | | | $ | 136 | | | $ | 56 | | | $ | 48 | |
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| Schedule of Other Income (Expense), Net |
Components of OI&E were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, | | September 30, | | 2025 | | 2026 | | 2025 | | 2026 | | Interest income | $ | 1,076 | | | $ | 1,768 | | | $ | 3,128 | | | $ | 4,579 | | Interest expense(1) | (143) | | | (967) | | | (438) | | | (2,778) | | | Foreign currency exchange gain (loss), net | (143) | | | 22 | | | (318) | | | 7 | | | Gain (loss) on debt securities, net | 122 | | | (383) | | | 489 | | | (526) | | | Gain (loss) on equity securities, net | 10,734 | | | (8,664) | | | 21,778 | | | 127,282 | | | Income (loss) and impairment from equity method investments, net | (30) | | | (143) | | | 367 | | | (118) | | | Other | 1,143 | | | 146 | | | 1,598 | | | (968) | | | Other income (expense), net | $ | 12,759 | | | $ | (8,221) | | | $ | 26,604 | | | $ | 127,478 | |
(1)Interest expense is net of interest capitalized of $130 million and $405 million for the three months ended September 30, 2025 and 2026, respectively, and $301 million and $1.0 billion for the nine months ended September 30, 2025 and 2026, respectively.
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