v3.26.1
Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operations:    
Net income $ 883 $ 1,017
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized foreign currency (gains) losses, net (124) 95
Depreciation and amortization 538 371
Accrued interest, financial income and other revenues (681) (325)
Non cash interest expense and amortization of debt issuance costs and other charges 205 173
Provision for doubtful accounts 2,520 1,293
Provision for contingencies 88 51
Results on derivative instruments 153 52
Results on digital assets at fair value 0 (4)
Long term retention program (“LTRP”) accrued compensation 165 188
Deferred income taxes (606) (154)
Changes in assets and liabilities:    
Receivables (1,535) (1,057)
Inventories (226) (100)
Other assets (179) (243)
Payables and accrued expenses 1,038 423
Funds payable to customers 2,456 1,636
Amounts payable due to credit and debit card transactions 1,209 415
Other liabilities 6 95
Operating lease liabilities (255) (198)
Interest received from investments 82 220
Net cash provided by operating activities 5,737 3,948
Cash flows from investing activities:    
Purchases of investments (5,436) (6,449)
Proceeds from sale and maturity of investments 6,140 6,803
Proceeds from settlements of derivative instruments 23 2
Payments from settlements of derivative instruments (108) (8)
Changes in loans receivable, net (4,069) (2,856)
Investments in property and equipment, intangible assets and intangible assets at fair value (712) (559)
Net cash used in investing activities (4,162) (3,067)
Cash flows from financing activities:    
Proceeds from loans payable and other financial liabilities 42,544 18,725
Payments on loans payable and other financing liabilities (41,408) (17,621)
Payments of finance lease liabilities (32) (26)
Common Stock repurchased (1) 0
Net cash provided by financing activities 1,103 1,078
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents 548 230
Net increase in cash, cash equivalents, restricted cash and cash equivalents 3,226 2,189
Cash, cash equivalents, restricted cash and cash equivalents, beginning of the period 13,537 4,699
Cash, cash equivalents, restricted cash and cash equivalents, end of the period 16,763 6,888
Non-cash transactions:    
Right-of-use assets obtained under operating leases 449 568
Property and equipment obtained under finance leases 8 2
Investments in intangible assets not paid $ 0 $ 23