GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET
The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2026 are as follows (in millions):
As of
March 31, 2025
ActivityEffects of Foreign Currency Translation
As of
March 31, 2026
Goodwill$5,744 $$$5,756 
Accumulated impairment(368)— — (368)
Total$5,376 $$$5,388 
The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2025 are as follows (in millions):
As of
March 31, 2024
ActivityEffects of Foreign Currency Translation
As of
March 31, 2025
Goodwill$5,747 $— $(3)$5,744 
Accumulated impairment(368)— — (368)
Total$5,379 $— $(3)$5,376 
During the fiscal year ended March 31, 2026, we completed one acquisition that was not material to our Consolidated Financial Statements.
Acquisition-related intangibles consisted of the following (in millions):
 
As of March 31, 2026
As of March 31, 2025
 Gross
Carrying
Amount
Accumulated
Amortization
Acquisition-
Related
Intangibles, Net
Gross
Carrying
Amount
Accumulated
Amortization
Acquisition-
Related
Intangibles, Net
Developed and core technology$938 $(848)$90 $933 $(790)$143 
Trade names and trademarks501 (396)105 501 (351)150 
Registered user base and other intangibles56 (56)— 56 (56)— 
Total$1,495 $(1,300)$195 $1,490 $(1,197)$293 
Amortization of intangibles, including impairments, for the fiscal years ended March 31, 2026, 2025, and 2024 are classified in the Consolidated Statements of Operations as follows (in millions):
 Year Ended March 31,
 202620252024
Cost of revenue$37 $40 $76 
Operating expenses66 67 142 
Total$103 $107 $218 
During fiscal years 2026 and 2025, we did not recognize any material impairment charges for acquisition-related intangible assets.
During fiscal year 2024, we recorded impairment charges of $70 million for acquisition-related intangible assets, of which $53 million was recorded within operating expenses and $17 million was recorded within cost of revenue.
Acquisition-related intangible assets are generally amortized using the straight-line method over the lesser of their estimated useful lives or the agreement terms, currently ranging from 2 to 7 years. As of March 31, 2026 and 2025, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 2.3 years and 3.2 years, respectively.
As of March 31, 2026, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Consolidated Statements of Operations is estimated as follows (in millions):
Fiscal Year Ending March 31, 
2027$85 
202882 
202928 
Total$195 

Historical Timeline

Fiscal YearFiled
2026May 11, 2026Showing above
2025May 13, 2025
2024May 22, 2024
2023May 24, 2023
2022May 25, 2022
2021May 26, 2021
2020May 20, 2020
2019May 24, 2019
2018May 23, 2018
2017May 24, 2017
2016May 27, 2016

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.