v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 4,424 $ 4,378
Restricted cash 308 273
Short-term investments 923 1,128
Funds held at payment processors 513 587
Accounts receivable, net 1,100 1,108
Prepaid expenses and other current assets 1,148 1,169
Total current assets 8,416 8,643
Long-term investments 869 837
Operating lease right-of-use assets 454 437
Property and equipment, net 1,246 1,067
Intangible assets, net 2,005 2,260
Goodwill 5,495 5,519
Other assets 1,076 896
Total assets 19,561 19,659
Current liabilities:    
Accounts payable 301 397
Operating lease liabilities 104 105
Accrued expenses and other current liabilities 5,747 5,645
Total current liabilities 6,152 6,147
Operating lease liabilities 474 461
Convertible notes, net 2,727 2,724
Other liabilities 276 281
Total liabilities 9,629 9,613
Commitments and contingencies (Note 9)
Redeemable non-controlling interests 11 13
Stockholders’ equity:    
Common stock, par value, Class A, Class B and Class C shares authorized, issued and outstanding 0 0
Additional paid-in capital 14,806 14,092
Accumulated other comprehensive income 101 261
Accumulated deficit (4,986) (4,320)
Total stockholders’ equity 9,921 10,033
Total liabilities, redeemable non-controlling interests and stockholders’ equity $ 19,561 $ 19,659