v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,656 $ 1,545
Marketable securities 3,291 4,233
Trade and other receivables, net 466 500
Loans and merchant cash advances, net 2,184 1,784
Other current assets 219 234
Total current assets 7,816 8,296
Long-term assets    
Property and equipment, net 53 53
Operating lease right-of-use assets, net 90 88
Intangible assets, net 27 30
Deferred tax assets 30 33
Other long-term assets 25 39
Long-term investments 525 975
Equity and other investments ($3,299 and $3,619, carried at fair value) 4,854 4,582
Equity method investment 559 602
Goodwill 491 491
Total long term assets 6,654 6,893
Total assets 14,470 15,189
Current liabilities    
Accounts payable and accrued liabilities 1,115 1,075
Deferred revenue 335 300
Operating lease liabilities 10 17
Total current liabilities 1,460 1,392
Long-term liabilities    
Deferred revenue 79 98
Operating lease liabilities 168 171
Deferred tax liabilities 79 55
Total long term liabilities 326 324
Contingencies (Note 8)
Equity, Attributable to Parent [Abstract]    
Common stock, unlimited Class A subordinate voting shares authorized, 1,211,133,003 and 1,225,830,706, issued and outstanding; unlimited Class B restricted voting shares authorized, 78,073,584 and 78,073,594 issued and outstanding; 1 Founder Share authorized, 1 and 1 issued and outstanding 8,636 10,376
Additional paid-in capital 274 236
Accumulated other comprehensive (loss) income (7) 1
Accumulated surplus 3,781 2,860
Total shareholders’ equity 12,684 13,473
Total liabilities and shareholders’ equity $ 14,470 $ 15,189