v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 6,821 $ 6,560
Short-term investments 5,248 4,454
Funds receivable and amounts held on behalf of customers 12,224 6,959
Prepaids and other current assets 1,186 824
Total current assets 25,479 18,797
Deferred tax assets 1,910 2,102
Goodwill and intangible assets, net 765 770
Other assets, noncurrent 600 539
Total assets 28,754 22,208
Current liabilities:    
Accrued expenses, accounts payable, and other current liabilities 3,037 2,948
Funds payable and amounts payable to customers 12,224 6,959
Current portion of long-term debt 0 1,999
Unearned fees 2,831 1,743
Total current liabilities 18,092 13,649
Long-term debt, net 2,476 0
Other liabilities, noncurrent 387 360
Total liabilities 20,955 14,009
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock 0 0
Additional paid-in capital 14,433 13,763
Accumulated other comprehensive income (loss) 19 (62)
Accumulated deficit (6,653) (5,502)
Total stockholders’ equity 7,799 8,199
Total liabilities and stockholders’ equity $ 28,754 $ 22,208