v3.26.3
Property and Equipment, Net
9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following table presents the detail of property and equipment, net as of the dates presented (in millions):
September 30, 2026December 31, 2025
Website development costs$590 $596 
Leasehold improvements32 32 
Computer equipment18 17 
Office equipment, furniture and fixtures9 9 
Property and equipment649 654 
Less: accumulated amortization and depreciation(294)(304)
Property and equipment, net$355 $350 
We recorded depreciation expense related to property and equipment (other than website development costs) of $3 million for both the three months ended September 30, 2026 and 2025 and $8 million and $10 million for the nine months ended September 30, 2026 and 2025, respectively.
We capitalized website development costs of $39 million and $45 million for the three months ended September 30, 2026 and 2025, respectively, and $129 million and $144 million for the nine months ended September 30, 2026 and 2025, respectively. Amortization expense for website development costs included in cost of revenue was $41 million and $42 million for the three months ended September 30, 2026 and 2025, respectively, and $124 million and $125 million for the nine months ended September 30, 2026 and 2025, respectively.