v3.26.1
FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025:
Balances as of
June 30, 2026		Quoted Prices in
active markets for
identical Assets
(Level 1)		Significant other
observable inputs
(Level 2)		Unobservable
inputs
(Level 3)		Balances as of
December 31, 2025		Quoted Prices in
active markets for
identical Assets
(Level 1)		Significant other
observable inputs
(Level 2)		Unobservable
inputs
(Level 3)
(In millions)
Cash and Cash Equivalents:
Money Market$1,159 $1,159 $— $— $856 $856 $— $— 
U.S. government debt securities (1)
— — — — 46 46 — — 
Foreign government debt securities (1)
— — — — 16 16 — — 
Restricted Cash and Cash Equivalents:
Money Market (2)
224 224 — — 259 259 — — 
Foreign government debt securities (1)
4 4 — — 14 14 — — 
Investments:
U.S. government debt securities (1)
1,968 1,968 — — 1,982 1,982 — — 
Foreign government debt securities (1) (3)
880 880 — — 1,661 1,661 — — 
Corporate debt securities501 501 — — 399 399 — — 
Equity securities at fair value49 49 — — 59 59 — — 
Other Assets:
Derivative Instruments47 — 47 — 41 — 41 — 
USDC— — — — 3 3 — — 
Total Assets$4,832 $4,785 $47 $— $5,336 $5,295 $41 $— 
Salaries and social security payable:
Long-term retention program$75 $— $75 $— $176 $— $176 $— 
Other Liabilities:
Meli Dólar liability (1)
63 — 63 — 61 — 61 — 
Derivative Instruments174 — 174 — 83 — 83 — 
Contingent consideration4 — — 4 4 — — 4 
Total Liabilities$316 $— $312 $4 $324 $— $320 $4 
(1) Measured at fair value with impact on the statement of income for the application of the fair value option. (See Note 2 – Summary of significant accounting policies – Fair value option applied to certain financial instruments).
(2) As of June 30, 2026 and December 31, 2025, includes $157 million and $206 million, respectively, of money market funds from securitization transactions. (See Note 3 – Cash, cash equivalents, restricted cash and cash equivalents and investments).
(3) As of December 31, 2025, includes $8 million of investments from securitization transactions. (See Note 3 – Cash, cash equivalents, restricted cash and cash equivalents and investments).
Schedule of Debt Securities Classified as Available for Sale
The following table summarizes the net carrying amount of the corporate debt securities classified as available for sale, classified by its contractual maturities:
June 30, 2026December 31, 2025
(In millions)
One year or less$76 $54 
One year to two years137 73 
Two years to three years164 145 
Three years to four years90 99 
Four years to five years34 28 
Total available for sale investments$501 $399 
Schedule of Debt Securities Classified as Held to Maturity
The following table summarizes the net carrying amount of the debt securities not classified as available for sale (U.S. and foreign government debt securities), classified by its contractual maturities or Management’s expectation to convert the investments into cash:
June 30, 2026December 31, 2025
(In millions)
One year or less$1,668 $2,412 
One year to two years210 174 
Two years to three years87 168 
Three years to four years302 385 
Four years to five years485 248 
More than five years100 332 
Total debt securities not classified as available for sale
$2,852 $3,719 
Schedule of Fair Value of Financial Assets and Liabilities Measured at Amortized Cost
The following table summarizes the estimated fair value of the financial assets and liabilities of the Company not measured at fair value as of June 30, 2026 and December 31, 2025:
Balances as of
June 30, 2026		Estimated fair value as of June 30, 2026Balances as of
December 31, 2025		Estimated fair value as of December 31, 2025
(In millions)
Cash and cash equivalents$2,490 $2,490 $2,752 $2,752 
Restricted cash and cash equivalents12,886 12,886 9,594 9,594 
Investments341 341 239 239 
Accounts receivables, net418 418 369 369 
Credit card receivables and other means of payment, net8,519 8,519 7,046 7,046 
Loans receivable, net11,996 11,709 9,365 9,166 
Other assets167 167 300 300 
Total Assets$36,817 $36,530 $29,665 $29,466 
Accounts payable and accrued expenses$5,739 $5,739 $4,502 $4,502 
Funds payable to customers16,035 16,035 13,029 13,029 
Amounts payable due to credit and debit card transactions5,184 5,184 3,771 3,771 
Salaries and social security payable755 755 740 740 
Loans payable and other financial liabilities10,511 10,465 9,063 9,014 
Other liabilities480 480 340 340 
Total Liabilities$38,704 $38,658 $31,445 $31,396