v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:        
Net income $ 550 $ 364 $ 1,062 $ 863
Loss from discontinued operations, net of income taxes 2 1 2 3
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Noncash Item [Abstract]        
Transaction losses 133 86 271 167
Depreciation and amortization     194 131
Stock-based compensation     338 301
Deferred income taxes     43 (58)
Gain on investments, warrants and other, net     (30) (3)
Changes in assets and liabilities, net of acquisition effects     (361) (989)
Net cash provided by continuing operating activities     1,519 415
Net cash used in discontinued operating activities     (27) 0
Net cash provided by operating activities     1,492 415
Cash flows from investing activities:        
Purchases of property and equipment     (295) (212)
Purchases of investments     (1,409) (5,007)
Maturities of investments     1,064 6,530
Sales of investments     684 0
Shareholder distributions from equity investments     194 225
Acquisitions and other     (39) (92)
Net cash provided by investing activities     199 1,444
Cash flows from financing activities:        
Proceeds from issuance of common stock     64 93
Repurchases of common stock     (809) (1,239)
Payments for taxes related to net share settlements of restricted stock units and awards     (189) (137)
Payments for dividends (138) (134) (277) (268)
Repayment of senior notes     (750) (800)
Proceeds from issuance of commercial paper     739 943
Repayment of commercial paper     0 (818)
Net funds receivable and payable activity     213 288
Other     (16) (26)
Net cash used in financing activities     (1,025) (1,964)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (23) 50
Net increase (decrease) in cash, cash equivalents and restricted cash     643 (55)
Cash, cash equivalents and restricted cash at beginning of period     3,055 3,286
Cash, cash equivalents and restricted cash at end of period 3,698 3,231 3,698 3,231
Cash paid for:        
Interest     118 132
Income taxes     326 1,120
Cash and cash equivalents 2,310 2,070 2,310 2,070
Customer accounts (including restricted cash of $446 and $365, respectively) 1,231 1,007 1,231 1,007
Restricted cash included in other current assets 156 152 156 152
Restricted cash included in other assets 1 2 1 2
Cash, cash equivalents and restricted cash $ 3,698 $ 3,231 $ 3,698 $ 3,231