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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Before Provision for Income Taxes | The components of income before provision for income taxes are as follows (in millions):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Domestic | $ | 79,644 |  |  | $ | 66,342 |  |  | $ | 43,499 |
Foreign | 6,288 |  |  | 4,321 |  |  | 3,929 |
Income before provision for income taxes | $ | 85,932 |  |  | $ | 70,663 |  |  | $ | 47,428 |
Schedule of Provision for Income Taxes | The provision for income taxes consists of the following (in millions):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |
Federal | $ | 2,820 |  |  | $ | 9,569 |  |  | $ | 4,934 |
State | 745 |  |  | 775 |  |  | 577 |
Foreign | 3,154 |  |  | 2,696 |  |  | 2,688 |
Total current tax expense | 6,719 |  |  | 13,040 |  |  | 8,199 |
Deferred: |  |  |  |  |
Federal | 18,379 |  |  | (4,709) |  |  | 67 |
State | 395 |  |  | (43) |  |  | 123 |
Foreign | (19) |  |  | 15 |  |  | (59) |
Total deferred tax (benefits) expense | 18,755 |  |  | (4,737) |  |  | 131 |
Provision for income taxes | $ | 25,474 |  |  | $ | 8,303 |  |  | $ | 8,330 |
Schedule of Reconciliation of U.S. Federal Statutory Income Tax Rate to Effective Tax Rate | A reconciliation of the U.S. federal statutory income tax rate to our effective tax rate pursuant to the disclosure requirements of ASU 2023-09 for the year ended December 31, 2025 is as follows (in millions, except percentages):
| Year Ended December 31, 2025
U.S. federal statutory income tax rate | $ | 18,046 |  |  | 21.0 | %
State and local income taxes, net of federal income tax effect (1) | (202) |  |  | (0.2) |
Foreign tax effects | 1,464 |  |  | 1.7 |
Tax credits |  |  |
Research and development tax credits | (3,912) |  |  | (4.6) |
U.S. foreign tax credits | (1,405) |  |  | (1.6) |
Valuation allowances (2) | 11,974 |  |  | 13.9 |
Changes in unrecognized tax benefits (3) | 3,127 |  |  | 3.6 |
Other adjustments |  |  |
Excess tax benefits from share-based compensation | (4,307) |  |  | (5.0) |
Other (4) | 689 |  |  | 0.8 |
Effective tax rate | $ | 25,474 |  |  | 29.6 | %
_________________________ (1)California represents the majority of the tax effect in this category. (2)Primarily related to the implementation of OBBBA. (3)Changes in unrecognized tax benefits on an aggregated basis for all jurisdictions. (4)Includes the tax effects of enactment of new tax laws (excluding implementation of OBBBA reflected in valuation allowances), effect of cross-border tax laws, and nontaxable or nondeductible items. A reconciliation of the U.S. federal statutory income tax rates to our effective tax rate for the years ended December 31, 2024 and 2023 is as follows (in percentages):
| Year Ended December 31,
|  | 2024 |  | 2023
U.S. federal statutory income tax rate |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal benefit |  | 0.7 |  |  | 1.1 |
Share-based compensation |  | (3.7) |  |  | (0.6) |
Research and development tax credits |  | (2.9) |  |  | (1.5) |
Foreign-derived intangible income deduction |  | (4.9) |  |  | (4.3) |
Effect of non-U.S. operations |  | 0.2 |  |  | 0.9 |
Other |  | 1.4 |  |  | 1.0 |
Effective tax rate |  | 11.8 | % |  | 17.6 | %
Schedule of Cash Flow, Supplemental Disclosures | Cash paid for income taxes, net of refunds received, by jurisdiction pursuant to the disclosure requirements of ASU 2023-09 for the year ended December 31, 2025 is as follows (in millions):
| Year Ended December 31, 2025
Federal | $ | 4,118 |
State | 331 |
Foreign |
Brazil | 884 |
India | 652 |
Ireland | 567 |
Other | 1,026 |
Cash paid for income taxes, net of refunds received | $ | 7,578 |
Schedule of Deferred Tax Assets and Liabilities | Our deferred tax assets (liabilities) are as follows (in millions):
| December 31,
| 2025 |  | 2024
Deferred tax assets: |  |  |
Loss carryforwards | $ | 4,432 |  |  | $ | 289 |
Tax credit carryforwards | 10,506 |  |  | 2,771 |
Share-based compensation | 706 |  |  | 520 |
Accrued expenses and other liabilities | 2,741 |  |  | 2,223 |
Lease liabilities | 5,150 |  |  | 3,940 |
Capitalized research and development | 4,138 |  |  | 16,743 |
Unrealized losses in securities and investments | 143 |  |  | 115 |
Other | 274 |  |  | 442 |
Total deferred tax assets | 28,090 |  |  | 27,043 |
Less: valuation allowance | (15,895) |  |  | (3,506) |
Deferred tax assets, net of valuation allowance | 12,195 |  |  | 23,537 |
Deferred tax liabilities: |  |  |
Depreciation and amortization | (15,901) |  |  | (10,959) |
Right-of-use assets | (4,453) |  |  | (3,000) |
Unrealized gains in securities and investments | (621) |  |  | — |
Other | (387) |  |  | — |
Total deferred tax liabilities | (21,362) |  |  | (13,959) |
Net deferred tax assets (liabilities) | $ | (9,167) |  |  | $ | 9,578 |
Schedule of Gross Unrecognized Tax Benefits Roll Forward | The following table reflects changes in the gross unrecognized tax benefits (in millions):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Gross unrecognized tax benefits ‑ beginning of period | $ | 15,131 |  |  | $ | 11,666 |  |  | $ | 10,757 |
Increases related to prior year tax positions | 900 |  |  | 685 |  |  | 168 |
Decreases related to prior year tax positions | (1,131) |  |  | (6) |  |  | (263) |
Increases related to current year tax positions | 2,863 |  |  | 2,882 |  |  | 1,204 |
Decreases related to settlements of prior year tax positions | (1,264) |  |  | (9) |  |  | (199) |
Decreases related to lapses of statute of limitations | (49) |  |  | (87) |  |  | (1) |
Gross unrecognized tax benefits ‑ end of period | $ | 16,450 |  |  | $ | 15,131 |  |  | $ | 11,666 |

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